TSE:3656Entertainment
KLab (TSE:3656) Stock Slips Even As Profit Rebound Sharpens Turnaround
KLab stock closed at ¥209 on 7 August after a choppy week where the share price slipped about 7% over seven days. The knee jerk reaction sits at odds with the headline from this quarter. Q2 flipped back into the black with basic earnings per share of ¥4.72 and net income of ¥384.24m, a sharp contrast to the loss in Q1. For a games publisher that has swung between profit and loss in recent quarters, this profit rebound is the single clearest signal investors will be weighing against the longer...