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FY2022 Consolidated Financial Results: Japan

FY2022 Consolidated Financial Results [Japanese GAAP] Listed company name: CyberAgent, Inc. (herein referred as the "Company") Listed stock exchange: TSE Prime Market Code No.: 4751 URL https://www.cyberagent.co.jp/en/ Representative: Representative Director CEO Susumu Fujita Inquiries: Senior Managing Executive Officer ...

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CyberAgent

Report

Annual Report 2010

CEO’s Review 1 CFO’s Review 4 Five Year Summary 6 Modern Responsibility 7 Directors’ Report 10 The MTG Share 32 Corporate Governance Report 35 Board of Directors 45 Executive Management 48 Consolidated Financial Statements 52 Parent Company Financial Statements 57 Notes to the Accounts ...

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Modern Times Group

Report

Summary of Consolidated Financial Results: Second Quarter of Fiscal Year Ending March 31, 2015

Hibiya Engineering’s consolidated financial results for the second quarter of the fiscal year ending March 31, 2015, reflect a period of operational growth in sales alongside persistent profitability challenges. The company reported net sales of 28,104 million yen for the six-month period ending September 30, 2014, representing a 7.1% increase compared to the same period in the previous year. This growth was supported by an 8.2% rise in orders received, totaling 37,851 million yen, as the firm continued its strategic efforts to function as a comprehensive engineering services provider. Despite the increase in top-line revenue, the company faced a difficult operating environment characterized by rising labor and material costs and intense market competition. These factors contributed to an operating loss of 975 million yen, slightly wider than the 918 million yen loss recorded in the prior year. Consequently, the company reported an ordinary loss of 755 million yen and a net loss of 494 million yen for the first half, contrasting with the net income of 118 million yen achieved in the same period of 2013. The financial position as of September 30, 2014, showed total assets of 73,394 million yen, a decrease from the 83,531 million yen reported at the end of the previous fiscal year, largely driven by a reduction in accounts receivable. Total liabilities also declined significantly to 16,797 million yen. The company maintained its full-year forecast, anticipating net sales of 71,000 million yen and net income of 2,000 million yen. Additionally, the firm implemented changes to its accounting standards regarding retirement benefits, though these adjustments had no material impact on the reported quarterly financial statements.

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Hibiya Engineering

Report

FY2021 Third Quarter Consolidated Financial Results: Japan

CyberAgent, Inc. reported a strong third‑quarter performance for FY2021 under Japanese GAAP, with net sales rising 36.1 % YoY to ¥486.7 billion and operating income surging 171.9 % YoY to ¥77.5 billion. Ordinary income increased 173.3 % to ¥77.8 billion, while profit attributable to shareholders of the parent jumped 462.1 % to ¥33.0 billion, reflecting a cumulative comprehensive income of ¥49.7 billion (288.8 % YoY). Basic earnings per share reached ¥65.46, up from ¥11.65 in FY2020, after a four‑for‑one stock split effective April 1 2021. Total assets grew to ¥343.7 billion, driven by a ¥82.9 billion increase in current assets, while total liabilities rose to ¥165.6 billion, mainly due to higher accounts payable and short‑term loans. Shareholders’ equity expanded to ¥110.5 billion, with retained earnings rising by ¥50.4 billion. Segment analysis shows the Internet Advertisement Business delivering record net sales of ¥239.1 billion (17 % YoY) and operating income of ¥18.1 billion, while the Game Business posted net sales of ¥186.3 billion (59.5 % YoY) and operating income of ¥68.6 billion, a 196.4 % increase. The Media Business, despite continued investment in ABEMA, achieved net sales of ¥60.2 billion (52.6 % YoY) with an operating loss of ¥11.2 billion, reduced from ¥13.3 billion the prior year. The company revised its full‑year earnings forecast upward and increased the FY2021 dividend to ¥11.00 per share (¥44 pre‑split), targeting a 5 % or higher dividend payout ratio. The results underscore CyberAgent’s strategy of leveraging smartphone‑focused advertising growth while investing heavily in media and gaming assets to sustain long‑term profitability.

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CyberAgent

Report

Summary of Consolidated Financial Results: Q2 Fiscal Year Ending March 31, 2014 (Japan)

Hibiya Engineering, Ltd. reported its consolidated financial results for the second quarter of the fiscal year ending March 31, 2014, reflecting a challenging operating environment within the Japanese construction industry. Despite a 9.6% year-on-year increase in orders received, totaling 34,986 million yen, the company faced significant profitability pressures due to intense market competition and rising costs for labor and materials. Financial performance for the first half of the fiscal year showed a decline in net sales to 26,243 million yen, a 10.1% decrease compared to the same period in the previous year. The company recorded an operating loss of 918 million yen, contrasting with the 148 million yen operating income reported in the first half of 2012. Ordinary income also shifted from a 356 million yen profit to a 551 million yen loss. Consequently, net income fell by 49.6% to 118 million yen. The company’s financial position as of September 30, 2013, showed total assets of 71,002 million yen, a decrease from 79,427 million yen at the end of the previous fiscal year, largely driven by a reduction in accounts receivable. Total liabilities also decreased to 15,434 million yen, primarily due to lower notes and accounts payable. The equity ratio stood at 75.8%. Management has revised its full-year forecast for the fiscal year ending March 2014, though the company maintains its commitment to its strategic goal of operating as a comprehensive engineering services provider. These results were prepared in accordance with Japan GAAP and reflect the company's performance during the six-month period ending September 30, 2013.

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Hibiya Engineering

Report

FY2021 Second Quarter Consolidated Financial Results: Japan

CyberAgent, Inc. reported consolidated financial results for the second quarter of fiscal 2021 (October 1 2020–March 31 2021). Net sales rose 20.3 % YoY to ¥294,497 million, driven by a 54.6 % increase in media business sales and a record high of ¥157,228 million in internet advertising. Operating income surged 62.8 % to ¥32,932 million, and profit attributable to shareholders of parent climbed 187.7 % to ¥13,694 million, reflecting gains from game development and investment‑development segments. Comprehensive income reached ¥18,233 million, up 170.9 % YoY. Total assets increased to ¥300,365 million, with accounts receivable expanding markedly due to higher sales. Net assets rose to ¥146,617 million, and shareholders’ equity ratio fell slightly from 34.3 % to 33.3 %. Cash and cash equivalents declined by ¥1,984 million to ¥100,384 million; operating cash flow was ¥10,082 million, while investing activities used ¥12,935 million and financing activities provided ¥600 million. The company revised its full‑year earnings forecast upward, projecting net sales of ¥600,000 million and operating income of ¥57,500 million. Dividend policy was adjusted to a year‑end forecast of ¥10.00 per share (¥40 pre‑split), targeting a dividend‑yield of 5 % or more. A four‑for‑one stock split effective April 1, 2021 increased issued shares to 505.7 million and prompted adjustments to convertible bond conversion prices and stock‑acquisition‑right exercise prices. The results reflect continued investment in the media platform ABEMA while capitalizing on growth in advertising and gaming, positioning CyberAgent for medium‑to‑long‑term shareholder value creation.

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CyberAgent

Report

FY2020 Third Quarter Consolidated Financial Results: Japan

CyberAgent Inc. reported consolidated financial results for the third quarter of FY2020, ending September 30, 2020. Net sales increased by 4.6 % year‑on‑year to ¥357,708 million, driven by growth in the Internet advertisement and game segments. Operating income rose 21.9 % to ¥28,511 million, and ordinary income climbed 22.8 % to ¥28,463 million; profit attributable to shareholders of the parent surged 230.9 % to ¥5,879 million, reflecting a strong rebound after a loss in the prior year. Basic earnings per share reached ¥46.63, up from ¥14.10 in FY2019. Total assets grew to ¥235,860 million, with cash and deposits rising by ¥5,860 million. Net assets increased to ¥120,362 million, and the shareholders’ equity ratio improved slightly from 35.2 % to 35.7 %. The company maintained a dividend policy of ¥33 million per share for FY2020, unchanged from the previous year. Segment analysis shows the media business (including ABEAMA and Ameba) generated ¥39,437 million in sales with a modest operating loss of ¥13.288 million; the game business delivered ¥116,815 million in sales and ¥23,142 million in operating income; the Internet advertisement segment achieved ¥204,419 million in sales and ¥17,130 million in operating income. Investment development and other businesses contributed smaller amounts. The forecast for FY2020 remains unchanged, projecting net sales of ¥465 000 million and operating income of ¥28 000 million. The results reflect CyberAgent’s focus on smartphone‑centric advertising and investment in long‑term growth assets amid a recovering digital ad market.

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CyberAgent

Report

FY2020 Second Quarter Consolidated Financial Results: Japan

CyberAgent Inc. reported its FY2020 second‑quarter consolidated results for the period ending March 31, 2020. Net sales rose 7.3 % year‑on‑year to ¥244,853 million, driven by growth in the media, game and internet advertising segments. Operating income increased 45 % to ¥20,231 million, while ordinary income climbed 47 % to ¥20,234 million. Profit attributable to shareholders of the parent surged 338 % to ¥4,760 million, reflecting a sharp turnaround from a loss of ¥1,087 million in the same quarter of FY2019. Basic earnings per share rose from ¥8.63 to ¥37.76, and diluted EPS increased from ¥7.91 to ¥35.55. Total assets grew by ¥16,242 million to ¥241,118 million, with accounts receivable expanding due to higher sales. Total liabilities increased by ¥12,113 million, mainly from accounts payable. Net assets rose to ¥114,482 million, and the shareholders’ equity ratio fell slightly from 35.2 % to 32.9 %. Cash and cash equivalents increased by ¥395 million to ¥84,959 million. Operating activities generated a net cash inflow of ¥11,574 million, while investing and financing activities used cash, resulting in a modest net increase. Segment analysis shows the media business (including ABEMA and Ameba) posted ¥26,043 million in sales with a slight operating loss of ¥9,288 million; the game business achieved ¥80,103 million in sales and ¥15,560 million operating income; internet advertising generated ¥140,110 million in sales and ¥12,389 million operating income. The investment development segment recorded a decline of 32.8 % in sales to ¥3,380 million. The company forecasts FY2020 net sales of ¥465,000 million and operating income of ¥28,000 million, unchanged from the original October 2019 forecast. No revisions to dividend forecasts were made; a single annual dividend of ¥33 million per share is expected. The report covers Japan‑based operations, reflects a full fiscal year ending September 30, 2020, and is based on consolidated financial statements prepared under Japanese GAAP.

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CyberAgent

Report

1Q FY2020 Presentation Material

The presentation outlines the financial performance and strategic outlook of a Japanese media company for the first quarter of fiscal 2020, with comparative data through FY2016‑FY2019. Revenue figures are highlighted, showing a total of 115.6 billion yen in FY2020, with quarterly growth rates ranging from 24% to 28%. Operating income for the quarter is reported at 7.7 billion yen, representing a 24‑28% increase year‑over‑year and translating to an operating margin of approximately 32%. Net profit for the period is 1.4 billion yen, a 15‑18% rise, yielding a net margin near 10%. The document also presents quarterly revenue trends across the five-year span, indicating steady top‑line growth and improving profitability. Key product highlights include several mobile titles such as “Princess Connect!” and “Granblue Fantasy,” with release dates noted for 2019‑2020. The presentation details the company’s digital streaming arm, AbemaTV, noting subscriber counts (over 7 million) and advertising revenue growth. A medium‑to‑long‑term sales pipeline is outlined, emphasizing monetization through related businesses, advertising expansion, and subscription growth. Geographic coverage is limited to Japan, with the time period focused on FY2016‑FY2020. Methodology is implied through internal financial reporting and market data, though specific survey or external data sources are not disclosed. Overall, the material presents a positive trajectory for revenue and profitability while outlining strategic initiatives to sustain growth in digital media and streaming services.

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CyberAgent

Report

FY2020 First Quarter Consolidated Financial Results: Japan GAAP

CyberAgent Inc. reported consolidated financial results for the first quarter of FY2020, ending September 30 2020. Net sales rose 4.4 % year‑on‑year to ¥115,681 million, driven by growth in the Internet advertising and media segments. Operating income increased 44.6 % to ¥7,733 million, and ordinary income grew 49.5 % to ¥7,724 million, reflecting higher advertising billings and a rebound in game revenue. Profit attributable to shareholders of the parent reached ¥1,456 million, an 58.9 % increase from the prior year’s ¥916 million. Total assets increased modestly to ¥226,195 million, with a slight rise in software and intangible assets. Net assets grew to ¥111,489 million, supported by gains on available‑for‑sale securities and a higher valuation difference. Shareholders’ equity remained stable at ¥74,015 million after accounting for capital surplus and retained earnings adjustments. Segment analysis shows the Internet advertising business contributed ¥67,322 million in sales with a 33.7 % operating income increase, while the media segment recorded ¥12,229 million in sales but incurred an operating loss of ¥5,050 million due to investment in AbemaTV. The game segment generated ¥35,251 million in sales with a 60.3 % operating income rise. Investment development and other businesses contributed modestly to overall results. The company maintained its FY2020 full‑year forecast unchanged, projecting net sales of ¥465,000 million and operating income of ¥28,000 million. No material changes in accounting policies or significant subsidiaries were reported for the period.

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CyberAgent

Report

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.

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KLab

Report

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.

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KLab

Report

Management Policy & Strategy: Fiscal Year Ended March 2013

The document outlines Tecmo Koei Holdings’ fiscal strategy and performance for the year ending March 2013, emphasizing a record‑high profit trajectory. Sales reached ¥34.6 billion in FY2012, up 2.5 % from the previous year, while operating profit climbed ¥6.21 billion (17.9 % of sales) and ordinary profit rose to ¥8.84 billion (25.5 % of sales). Net income improved from 13.1 % to 16.3 %, reflecting a 21.9 % increase in profit margin. The company attributes gains to strong game software sales, particularly titles such as “One Piece: Dynasty Warriors 8” and “Fist of the North Star,” and to a 900‑million‑user social game base. Segment analysis shows Game software as the largest contributor, with Online & Mobile and Media & Rights businesses identified for future rebuilding. Geographically, Japan remains the dominant market (≈84 % of sales), followed by overseas segments: North America, Europe, and Asia contribute 7.5 %, 4.8 %, and 4.2 % respectively, with overseas sales growing modestly at 1.6 %. The company projects FY2013 sales of ¥37 billion, operating profit of ¥7.0 billion (18.9 % margin), and ordinary profit of ¥9.0 billion (24.3 %). Planned capital expenditures are ¥1.5 billion, with depreciation expenses expected to improve by 0.4 points. Strategically, the firm focuses on IP creation and multi‑platform expansion, targeting new titles, collaborative projects, and ancillary media such as animation, comics, and merchandise. Online & Mobile initiatives aim to strengthen social games, expand browser titles in Asia, and pursue women‑oriented IPs. Overall, the plan seeks to sustain growth while enhancing profitability through diversified revenue streams and cost efficiencies.

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Koei Tecmo

Report

Summary of Financial Results for Third Quarter of Fiscal Year Ended December 31, 2024

KLab Inc. reported a third‑quarter operating loss of ¥1,113 million for FY2024, down 27.5% from the same period in FY2023, driven by a decline in managed titles and reduced revenue from its gaming portfolio. Revenue fell to ¥6,059 million, while cost of sales dropped 23% to ¥5,349 million due to lower licensing fees and broader cost‑control measures. Selling, general and administrative expenses decreased 15% to ¥1,823 million. The company’s operating loss widened from ¥731 million in FY2023 to ¥1,113 million, and ordinary loss increased from ¥454 million to ¥1,182 million. Net loss attributable to owners rose from ¥592 million to ¥1,757 million, with comprehensive income deteriorating to a loss of ¥1.47 billion. Total assets remained stable at ¥17.72 billion, with current assets slightly lower and non‑current assets higher due to a ¥825 million increase in software in progress. Net assets declined by ¥310 million, largely from a ¥1.77 billion drop in retained earnings; capital stock and reserves each rose by ¥723 million following the exercise of stock acquisition rights. Equity ratio held at 64.3%. The company disclosed no dividend for FY2024 and will not provide a fiscal‑year forecast due to uncertainty surrounding the global launch of EA SPORTS FC™ TACTICAL. KLab emphasized ongoing cost reductions, asset sales, and new title development to restore profitability, while maintaining liquidity through investment securities sales and institutional financing. The report covers Japan‑based operations for the first nine months of FY2024, with data presented in Japanese GAAP consolidated figures.

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KLab

Report

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.

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KLab

Report

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.

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KLab

Report

2024 Annual Corporate Responsibility Report

The 2024 Annual Corporate Responsibility Report outlines the strategic framework and operational progress of RBC BlueBay Asset Management regarding its social, ethical, and community-focused initiatives. The primary thesis centers on the integration of corporate responsibility into the firm’s core business model, asserting that a transparent, inclusive, and community-engaged culture drives superior outcomes for both clients and employees. The firm operates under a centralized Corporate Responsibility Committee that monitors key performance indicators across four pillars: people, communities, conduct, and responsible investment. Key findings for the 2024 fiscal year highlight significant engagement in community and social efforts. Over 50% of staff participated in volunteering activities, and employees collectively donated more than £210,000 to charitable causes, exceeding the annual target of £165,000. The firm transitioned to a single primary charity partnership with St Luke’s Community Centre to deepen its local impact. Additionally, the report details the success of talent development programs, including summer internships and the Catalyst Education Programme, which aim to foster diversity within the investment management industry. The scope of this report covers RBC BlueBay’s global operations, with a specific emphasis on its EMEA-based activities and organizational structure. The methodology relies on internal data tracking, committee oversight, and performance monitoring against established annual targets. Looking ahead to 2025, the firm has set specific objectives to increase participation in employee resource groups by 10% and boost attendance at social events by 10%. The report emphasizes that these efforts are supported by a rigorous compliance framework, ensuring that ethical market practices and client-first philosophies remain central to the firm’s governance and long-term institutional strategy.

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RBC BlueBay Asset Management

Report

Assessment of Annual Financial Statements and the Management Board's Annual Report: 2024

The assessment confirms that PCF Group S.A.’s 2024 annual financial statements, both standalone and consolidated, provide a reliable and transparent depiction of the company’s assets, liabilities, equity, income, and cash flows as of 31 December 2024. The statements comply with International Financial Reporting Standards (IFRS) and related European Union regulations, and are based on properly maintained accounting records. The independent auditor’s opinion affirms the statements’ accuracy, consistency with applicable laws and statutes, and adherence to IFRS. The supervisory board’s review of the management report and corporate governance declaration also concludes that these documents accurately reflect the group’s performance, development, and financial position without material misstatement. The board’s evaluation covers all statutory requirements under Polish accounting law, confirming that the reports meet legal and regulatory standards. The assessment was conducted by the supervisory board following a review of the auditor’s reports, management disclosures, and a videoconference with the lead auditor. Signatories from the supervisory board, including the chairperson and five members, formally endorse the findings on 29 April 2025. The document therefore serves as a formal confirmation that PCF Group S.A.’s 2024 financial reporting is complete, compliant, and trustworthy for stakeholders.

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PCF Group

Report

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

KLab Inc. reported a first‑quarter operating loss of ¥281 million, down from a ¥505 million loss in the same period of FY2021. Revenue fell 35.7 % to ¥4.11 billion, driven by a decline in game‑business sales; the company recorded a ¥1.54 billion impairment loss on software, eliminating the prior year’s extraordinary loss and reducing net loss to ¥177 million. Comprehensive income for the quarter was a ¥224 million loss, reflecting foreign‑exchange gains and valuation adjustments on available‑for‑sale securities. Total assets stood at ¥18.72 billion, with shareholders’ equity of ¥12.63 billion and an equity ratio of 67.4 %. No dividends were declared for FY2022, and the company withheld a forecast of annual operating performance due to forecasting difficulty. The financial statements are prepared under Japanese GAAP and include a detailed segment analysis. The game business remains the sole reported segment, with revenue from paid customers at ¥3.44 billion and contract‑based revenue at ¥1.57 billion, yielding a gross profit of ¥608 million. The company applied the Accounting Standard for Revenue Recognition from the beginning of FY2022, shifting revenue recognition to a period‑of‑use basis for in‑game currency and a one‑time method for license grants, which increased revenue by ¥9 million and improved operating loss by the same amount. The change had no impact on retained earnings or prior‑year figures. The quarterly report covers Japan only, covering January to March 2022, and is based on consolidated financial statements with no restatements or significant accounting changes beyond the revenue‑recognition policy shift.

investment japan mobile+1

KLab

FY2022 Consolidated Financial Results: Japan

Annual Report 2010

Summary of Consolidated Financial Results: Second Quarter of Fiscal Year Ending March 31, 2015

FY2021 Third Quarter Consolidated Financial Results: Japan

Summary of Consolidated Financial Results: Q2 Fiscal Year Ending March 31, 2014 (Japan)

FY2021 Second Quarter Consolidated Financial Results: Japan

FY2020 Third Quarter Consolidated Financial Results: Japan

FY2020 Second Quarter Consolidated Financial Results: Japan

1Q FY2020 Presentation Material

FY2020 First Quarter Consolidated Financial Results: Japan GAAP

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

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

Management Policy & Strategy: Fiscal Year Ended March 2013

Summary of Financial Results for Third Quarter of Fiscal Year Ended December 31, 2024

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

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

2024 Annual Corporate Responsibility Report

FY23 Financial Results: Frontier Developments

Assessment of Annual Financial Statements and the Management Board's Annual Report: 2024

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