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Summary of Financial Results for Third Quarter of Fiscal Year Ended December 31, 2025: Japan

KLab Inc. reported consolidated financial results for the third quarter of fiscal year 2025, covering January through September 2025. Revenue declined by 18.6 % to ¥4,933 million from ¥6,059 million in the same period of fiscal 2024, driven mainly by lower performance of the Captain Tsubasa: Dream Team title and weaker content revenue. Cost of sales fell 18.8 % to ¥4,342 million, reflecting reduced commission payments and a comprehensive reduction in labor, outsourcing, and subcontracting costs. Selling, general and administrative expenses decreased 20.3 % to ¥1,453 million. The company recorded a gain on sale of investment securities of ¥1,578 million as extraordinary income but incurred an impairment loss of ¥4,427 million on software assets for EA SPORTS FC™ TACTICAL. Operating loss narrowed to ¥860 million from ¥1,113 million year‑on‑year. Ordinary loss improved to ¥1,046 million from ¥1,182 million, yet net loss attributable to owners of parent widened to ¥3,975 million from ¥1,757 million. Total assets contracted to ¥10,461 million, with net assets falling to ¥7,195 million and equity ratio at 68.5 %. The company disclosed no dividend payments for FY2024 or FY2025 and declined to provide a fiscal‑year forecast due to market volatility. KLab highlighted ongoing concerns, citing four consecutive operating deficits and negative cash flows, while outlining strategic initiatives in AI, blockchain, and entertainment to restore profitability. The report covers Japan‑based operations under Japanese GAAP for the first nine months of FY2025, with data derived from consolidated financial statements and accompanying notes.

KLab

Summary of Financial Results for Second Quarter (First Half) of Fiscal Year Ended December 31, 2024

KLab Inc. reports a sharp deterioration in operating performance for the first half of fiscal 2024, with revenue falling to ¥3.63 billion from ¥5.37 billion in the same period of FY2023, a decline of 32.4 %. Operating income turned into a loss of ¥1.02 billion, compared with a ¥573 million loss in FY2023, while ordinary income and profit attributable to the parent both plunged into deeper losses of ¥821 million and ¥1.34 billion respectively. Net income for the period was a loss of ¥1.34 billion, versus a ¥392 million loss in FY2023. Comprehensive income mirrored this trend, registering a ¥1.20 billion loss against a ¥292 million loss previously. Total assets increased modestly to ¥18.65 billion, but net assets fell from ¥11.71 billion to ¥10.95 billion, lowering the equity ratio from 64.3 % to 60.2 %. The company’s cash and deposits rose to ¥3.78 billion, yet short‑term debt of ¥1 billion was introduced, and long‑term debt decreased to ¥1.22 billion. Shareholders’ equity saw a reduction in retained earnings, turning negative for the first time. The report covers Japan‑based operations under Japanese GAAP for January 1 to June 30, 2024. No dividends were declared in either year. KLab’s management notes ongoing concerns about liquidity and operating deficits, citing strategic shifts toward large‑scale mobile titles and hybrid casual games, cost reductions, and continued asset sales to bolster cash reserves. The company maintains that no material uncertainty exists regarding its ability to continue as an ongoing concern.

KLab

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Summary of Financial Results for Third Quarter of Fiscal Year Ended December 31, 2022: KLab Inc.

KLab Inc. reported consolidated operating results for the third quarter of fiscal year 2022 (January 1–September 30, 2022). Revenue fell to ¥12.51 billion, a 33.1 % decline from the same period in FY2021, driven by lower game‑business sales. Operating income turned a loss of ¥570 million versus a ¥729 million loss in FY2021, while ordinary income shifted to a profit of ¥195 million from a loss of ¥850 million. Net income for the quarter was a loss of ¥307 million, compared with a ¥1.77 billion loss in FY2021; comprehensive income improved to a loss of ¥373 million from ¥1.68 billion in the prior year. Total assets increased to ¥20.46 billion, up 9.4 % from FY2021, with net assets rising to ¥13.31 billion and the equity ratio improving to 64.9 % from 68.4 %. The company’s cash and deposits grew to ¥7.08 billion, while short‑term debt of ¥500 million was introduced during the quarter. No dividends were declared for FY2022, and the company forecasted no change to its dividend policy. The financial statements reflect a transition to the Accounting Standard for Revenue Recognition, which reduced reported revenue by ¥65 million and increased operating loss accordingly. No material restatements or significant changes in accounting estimates were noted. The company’s segment reporting shows the game business as the sole revenue driver, with a gross profit of ¥2.05 billion in FY2022 versus ¥1.98 billion in FY2021. Overall, KLab’s third‑quarter performance indicates a contraction in game revenue but an improvement in profitability metrics relative to the previous year, amid ongoing adjustments to accounting policies and a modest increase in debt financing.

KLab

Summary of Financial Results for Second Quarter of Fiscal Year Ended December 31, 2022

KLab Inc. reported consolidated financial results for the first half of fiscal year 2022 (January 1–June 30). Total revenue fell to ¥8.36 billion, a 32.3 % decline from the same period in FY2021, driven by lower game‑business income. Operating loss widened to ¥446 million from a ¥842 million loss in FY2021, largely due to higher operating expenses and a shift in revenue recognition under the new ASBJ Statement No. 29, which reduced recognized revenue by ¥53 million and increased operating loss accordingly. Ordinary income turned positive at ¥112 million, but net profit attributable to owners of parent was a loss of ¥343 million, compared with a ¥1.71 billion loss in FY2021. Comprehensive income for the period was a loss of ¥480 million, down from a ¥1.74 billion loss previously, reflecting reduced foreign‑exchange gains and lower valuation differences on available‑for‑sale securities. Total assets rose to ¥19.30 billion, while shareholders’ equity declined to ¥12.30 billion, giving an equity ratio of 64.1 %. Net assets decreased by ¥430 million from FY2021. The company disclosed no dividend for FY2022 and maintained its policy of not forecasting full‑year results due to uncertainty. Key accounting changes included the adoption of the new revenue recognition standard, which impacted game‑business revenue and segment profitability. Significant subsequent events comprised the issuance of 18 million stock acquisition rights (raising ¥5.15 billion) and a two‑year line‑of‑credit commitment with MUFG Bank of ¥4 billion. The report covers Japan, focuses on the gaming and related services segment, and relies on Japanese GAAP with no survey or external data sources.

KLab

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FY2025 Third Quarter Financial Results Briefing: GREE Holdings

GREE Holdings announced that the fiscal year 2025 third‑quarter results exceeded expectations, driven by robust performance across all four reportable segments. The company introduced a new IP Business segment on April 1, 2025, consolidating anime licensing and manga activities to reflect growing importance in content creation. Operating profit rose QoQ to ¥1.7 billion, with sales increasing across Game, Metaverse, IP, and DX businesses; the Investment Business recorded a ¥100 million loss on sales of ¥600 million. Foreign‑exchange and impairment losses contributed to a net income decline, yet the equity ratio remains above 60 % and debt‑to‑EBITDA stays near 3×, meeting the firm’s financial discipline targets. Key drivers include the launch of “Puella Magi Madoka Magica Magia Exedra” in the Game Business, which is expected to contribute earnings from Q4 onward, and record‑high operating margins in the Metaverse Platform segment due to improved commission structures. The VTuber arm achieved record sales, with merchandising gaining higher margin share. In the IP Business, anime production committees continue to expand, while merchandising and entertainment‑solution SaaS are in early rollout phases. The DX Business saw a slight YoY decline but QoQ growth, with new SaaS products and consulting projects building recurring revenue streams. Forecasts for FY 2025 anticipate a sales shortfall from delayed game releases but project operating profit above the ¥500 million target, rising to roughly ¥700 million. Medium‑term goals focus on sustaining growth in continuous‑growth segments, achieving profitability in the VTuber business by FY 2026, and expanding the IP and DX businesses into recurring‑earnings models.

GREE

Summary of Financial Results for Second Quarter of Fiscal Year Ended December 31, 2023

KLab Inc. reported a sharp contraction in its first‑half operating performance for FY2023, with revenue falling 35.8 % to ¥5,369 million from ¥8,357 million in the same period of FY2022. Operating income turned into a loss of ¥573 million, compared with a ¥447 million loss in FY2022, largely due to higher cost of sales and reduced gross profit. Net income declined further, reaching a loss of ¥392 million versus a ¥343 million loss previously. The company’s equity base weakened, with shareholders’ equity dropping from ¥13,154 million to ¥12,859 million and the equity ratio falling slightly from 62.9 % to 64.1 %. Cash and cash equivalents decreased to ¥4,443 million, while current liabilities rose, reflecting a tighter liquidity position. Geographically the results are confined to Japan, with no foreign operations reported. The fiscal year covered January 1–June 30, 2023, and the report is based on Japanese GAAP. The company disclosed no changes to major subsidiaries or accounting estimates, though it applied the Implementation Guidance on Fair Value Measurement from Q1 FY2023. No dividends were declared for FY2022 or FY2023, and the company stated that it would not provide a full-year forecast until further progress is made. Methodologically, the figures derive from consolidated financial statements prepared under Japanese GAAP, with no external audit noted. The report includes detailed segment information, showing a decline in the Game Business revenue and an impairment loss of ¥410 million on software assets. Overall, KLab’s first‑half performance reflects a significant downturn in profitability and liquidity compared with the prior year.

KLab

Summary of Financial Results for Third Quarter of Fiscal Year Ended December 31, 2021: Japan

KLab Inc. reported a sharp decline in third‑quarter operating performance for fiscal year 2021, with revenue falling 29.0 % to ¥18.7 billion from ¥26.4 billion in the same period of FY2020. Operating income turned negative, registering a loss of ¥729 million versus a profit of ¥2.25 billion the prior year, and ordinary income declined to a loss of ¥850 million. Comprehensive income mirrored this deterioration, slipping from a profit of ¥787 million to a loss of ¥1.68 billion, largely driven by a ¥1.54 billion impairment loss on investments and a significant foreign‑exchange loss of ¥167 million. Net assets decreased to ¥14.7 billion, with shareholders’ equity falling from ¥16.6 billion to ¥14.4 billion, while the equity ratio remained stable at approximately 70 %. The company’s forecast for FY2021 projects total revenue of ¥24.0 billion, a 29.3 % decline from FY2020, and an operating loss of ¥1.6 billion, confirming the downward trend. The financial statements cover Japan‑based operations for the first nine months of FY2021 (January 1–September 30, 2021) and are prepared under Japanese GAAP. The report includes consolidated balance sheets, income statements, comprehensive income statements, and detailed notes on equity changes, treasury stock transactions, and accounting policy adjustments. No significant changes to accounting principles were noted beyond the adoption of a special tax treatment for effective tax rate estimation. The company’s segment analysis confirms that the game business remains the primary revenue driver, while other businesses contribute modestly. Overall, KLab’s financial position weakened in the third quarter, with losses driven by investment impairments and foreign‑exchange effects, and the company anticipates continued revenue contraction for the remainder of FY2021.

KLab

Financial Report: Q2 2021

KLab Inc. reports a sharp contraction in operating performance for the first half of fiscal 2021 (January 1–June 30). Total revenue fell to ¥12.34 billion, a 22.6 % decline from the ¥15.95 billion recorded in the same period of FY2020, while operating income turned into a loss of ¥842 million versus an operating profit of ¥753 million in FY2020. Ordinary income and profit attributable to owners of the parent both swung into negative territory, with a loss of ¥818 million and ¥1.71 billion respectively, compared to profits of ¥568 million and ¥16 million in FY2020. Net income for the period was a loss of ¥44.3 million per share, contrasting with a modest profit of ¥0.42 per share in FY2020. The comprehensive loss widened to ¥1.74 billion, driven largely by a ¥1.54 billion impairment loss on goodwill and other extraordinary losses. Asset‑side, total assets declined to ¥21.01 billion from ¥23.49 billion, while equity fell to ¥14.74 billion, maintaining an equity ratio of 70.1 %. Treasury stock increased to ¥200.985 million after a February acquisition of 286,600 shares. Revenue concentration remained in the game business segment (≈¥12.13 billion), with a secondary “Other” segment contributing ¥209 million. The company disclosed no dividend for FY2021 and maintained a forecast of zero dividends for the year. Methodologically, figures are presented under Japanese GAAP, with a consolidated view of all subsidiaries. No changes to accounting principles or restatements were reported for the period.

KLab

Q1 2021 Financial Statement

KLab Inc. reported a sharp decline in first‑quarter FY2021 operating performance compared with the same period of FY2020. Revenue fell to ¥6,392 million from ¥7,420 million, a 13.8% drop, while operating income turned negative at ¥(505) million versus a profit of ¥37 million in FY2020. Ordinary income and profit attributable to the parent also swung from a ¥(83) million loss to a ¥386 million loss, reflecting significant impairment charges of ¥1.54 billion on software assets that dominated the extraordinary loss line item. Comprehensive income deteriorated to a ¥1,397 million loss from a ¥449 million loss in FY2020, largely driven by the same impairment and foreign‑exchange losses. Total assets decreased to ¥21.16 billion from ¥23.49 billion, with net assets falling to ¥15.24 billion and the equity ratio contracting from 70.5% to 72.0%. Cash and deposits were ¥6.38 billion, while current liabilities stood at ¥5.10 billion, leaving a modest working‑capital cushion. No dividends were declared for FY2021, and the company maintained its share‑repurchase program capped at ¥500 million. The quarter’s financials were prepared under Japanese GAAP, with no changes to accounting principles or estimates. The company’s segment analysis shows the game business as the sole revenue generator, with a reported impairment loss of ¥1.54 billion recorded in this segment. A subsequent acquisition of GlobalGear Co., Ltd. was announced, aimed at expanding KLab’s casual‑game portfolio and global reach.

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KLab

Consolidated Financial Report: Q2 2020

KLab Inc. reports consolidated financial results for the first half of fiscal year 2020 (January 1–June 30, 2020). Revenue rose to ¥15.95 billion from ¥14.81 billion in the same period of FY2019, a 7.7 % increase, driven by growth in the game business and other businesses such as research & consulting. Operating income fell sharply to ¥753 million from ¥1,305 million, a 42.2 % decline, largely due to higher cost of sales and lower gross profit margin. Ordinary income dropped 52.8 % to ¥568 million, and profit attributable to owners of parent fell 98 % to ¥16 million. Net income turned negative, with a loss of ¥44 million versus a profit of ¥21 million in FY2019, reflecting significant foreign exchange losses and impairment charges. Comprehensive income also turned negative at ¥254 million compared with a positive ¥932 million in FY2019, driven by valuation losses on available‑for‑sale securities and foreign currency translation adjustments. Total assets decreased modestly to ¥23.34 billion from ¥23.67 billion, while shareholders’ equity remained stable at ¥17.29 billion, giving an equity ratio of 66.2 %. Net assets grew slightly to ¥17.29 billion, and the company maintained a strong liquidity position with cash and deposits of ¥6.38 billion. No dividends were declared for FY2019 or FY2020, and the forecasted dividend remained unchanged. The report covers Japan only, covering KLab’s core game development and ancillary businesses, with data derived from consolidated financial statements under Japanese GAAP. The methodology follows standard accounting principles without restatements or significant policy changes during the period.

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KLab

Consolidated Financial Statement: Q1 2019

KLab Inc. reported consolidated financial results for the first quarter of fiscal year 2019 (January 1–March 31, 2019). Revenue declined 18.4 % to ¥6,468 million compared with the same period in FY2018, largely due to a drop in sales of the Love Live! School Idol Festival title. Operating income fell 70.9 % to ¥391 million, ordinary income decreased 67.2 % to ¥403 million, and profit attributable to owners of parent contracted 63.2 % to ¥296 million. Net income for the quarter was ¥303 million, a 65 % reduction from ¥805 million in FY2018. Comprehensive income also fell sharply, from ¥794 million to ¥435 million, reflecting a 45.3 % increase in other comprehensive income components. Total assets rose to ¥21,547 million, up ¥2.3 billion from the prior year’s end, driven by increases in operating investment securities and software in progress. Net assets increased to ¥16,048 million, an addition of ¥1.58 billion, largely due to equity in a newly consolidated subsidiary. The equity ratio declined from 75.1 % to 69.2 %. Current liabilities decreased, while long‑term debt increased, contributing to the shift in leverage. KLab forecasted FY2019 revenue between ¥32 billion and ¥40 billion, operating income between ¥1 billion and ¥4.5 billion, ordinary income in the same range, and profit attributable to owners between ¥700 million and ¥3.1 billion. The company noted that future results will depend heavily on the success of new game releases and market conditions, and it applied a range‑based presentation for forecasts. No dividends were declared for FY2019, and no significant changes in shareholders’ equity or accounting policies occurred during the quarter.

KLab

Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2020

KLab Inc. reported consolidated financial results for the first half of fiscal year 2019 (January 1–June 30, 2019) under Japanese GAAP. Revenue fell 7.3 % to ¥14,812 million compared with the same period in FY2018, driven by a decline in the Love Live! School Idol Festival franchise offsetting gains from Magatsu Wahrheit. Operating income dropped 49.7 % to ¥1,305 million, and ordinary income fell 53.6 % to ¥1,204 million, resulting in a profit attributable to owners of parent of ¥799 million—53.4 % lower than the prior year’s ¥1,713 million. Net income declined from ¥1,714 million to ¥795 million, and comprehensive income fell 44.9 % to ¥932 million from ¥1,691 million. Total assets increased by ¥3.19 billion to ¥22.44 billion, largely due to higher accounts receivable and software assets, while total liabilities rose by ¥948 million to ¥5.73 billion, driven mainly by increased long‑term debt. Net assets grew to ¥16.71 billion, reflecting a rise in non‑controlling equity from a newly consolidated subsidiary. The company maintained an equity ratio of 69.4 % versus 75.1 % in FY2018, and disclosed no dividend for the period. Forecasts for FY2019 were revised upward on revenue only, with operating income projected between ¥450 million and ¥1,000 million. No significant accounting changes or restatements were noted. The report covers the Japanese market, focusing on game development and related services for FY2019’s first half.

KLab

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Summary of main supplementary explanations questions and answers at the FY2026 First Quarter GREE Holdings, Inc. results briefing held on November 6, 2025 PDF

GREE Holdings’ FY2026 first‑quarter briefing clarified strategic priorities across its game, VTuber, and investment divisions. The company emphasized a shift toward an in‑house development model for console titles while still leveraging external contractors to bridge current expertise gaps. In the mobile game segment, outside‑app payment methods have been fully deployed across all major titles and are contributing positively to profitability; the VTuber platform has similarly expanded its outside‑app transactions, boosting operating margins. The firm acknowledges a structural decline in earnings from new smartphone releases but plans to sustain revenue by focusing on long‑term engagement features and continuous hit title launches, particularly within the RPG genre. Market outlooks reveal a plateau in smartphone installs but growing potential through high‑value IP and outside‑app monetization. Console gaming is viewed as a long‑term investment, with an emphasis on cultivating enduring IP series. The VTuber market is still expanding globally, especially overseas, and the company projects full‑year profitability for its VTuber production arm by FY2027 as higher‑margin merchandise and live events offset earlier talent acquisition costs. Exit strategies for the investment business have shifted from IPOs to M&A, reflecting broader market conditions. Generative AI is being integrated across game development, VTuber content creation, and digital transformation services to enhance efficiency and service quality, though its direct earnings impact remains difficult to quantify. Overall, GREE aims to strengthen core competencies, diversify revenue streams, and adapt to evolving market dynamics while pursuing sustainable growth.

GREE

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Notice Concerning Upward Revision of Earnings Forecasts for FY2017

KLab Inc. announced an upward revision of its consolidated earnings forecasts for the fiscal year ending December 31, 2017. The company increased projected revenue from 25,500 million JPY to 26,000 million JPY, operating income from 4,200 million JPY to 4,300 million JPY, ordinary income from 2,800 million JPY to 4,900 million JPY, and profit attributable to owners of parent from 76.31 million JPY to 3,300 million JPY. These adjustments represent increases of 2 %, 7.5 %, 16.7 % and 17.9 % respectively, while the prior range‑based forecasts are now presented as single figures. The revisions stem from favorable performance in both overseas and domestic markets for KLab’s four flagship titles—Love Live! School Idol Festival, Bleach: Brave Souls, Captain Tsubasa ～Tatakae Dream Team～, and Utano☆Princesama Shining Live. Management expects the positive trend to continue through Q4, driving higher revenue and profitability. The forecast update follows a recent third‑quarter financial release (planned for November 9, 2017) and is based on currently attainable information; actual results may vary. The announcement covers the entire Japanese market with a focus on mobile gaming revenue streams, and it reflects KLab’s confidence in sustaining growth across its core product portfolio for the 2017 fiscal year.

KLab

Summary of Financial Results for First Quarter: Fiscal Year Ending December 31, 2017

KLab Inc. reported first‑quarter fiscal 2017 results for the period January 1 to March 31, 2017. Consolidated revenue rose 8.9 % year‑over‑year to ¥5,249 million, driven by strong performance of “Love Live! School Idol Festival” and “Bleach: Brave Souls.” Operating income improved to ¥935 million from a loss of ¥70 million in the same quarter last year, and ordinary profit reached ¥1,056 million. Net income attributable to owners of parent was ¥689 million, a turnaround from the ¥414 million loss recorded in Q1 2016. Comprehensive income for the quarter was ¥737 million, reversing a ¥438 million loss in Q1 2016. Total assets increased to ¥13,119 million from ¥12,133 million year‑prior, with current assets up by ¥433 million largely due to higher trade receivables. Net assets grew to ¥9,880 million, reflecting a rise in retained earnings. The equity ratio remained stable at 75.1 %. Cash and deposits were ¥4,922 million, while accounts receivable stood at ¥2,440 million. Non‑current assets grew to ¥4,769 million, mainly from software in progress. The company issued a full‑year forecast for FY2017: revenue between ¥22,500 million and ¥17,500 million; operating income ranging from ¥2,900 million to ¥600 million; ordinary profit between ¥2,750 million and ¥450 million; and profit attributable to owners of parent from ¥1,750 million to ¥160 million. These ranges reflect uncertainty around new title launches and market conditions. No dividends were declared for FY2016 or FY2017, and the company maintained its dividend forecast at zero. The report covers Japan‑based operations under Japanese GAAP, with no significant changes in accounting policies or restatements noted.

KLab