New Risk • Jul 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.4b (US$94.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥15.4b market cap, or US$94.5m). Reported Earnings • May 18
First quarter 2026 earnings released: JP¥6.53 loss per share (vs JP¥9.75 loss in 1Q 2025) First quarter 2026 results: JP¥6.53 loss per share. Revenue: JP¥1.71b (up 4.2% from 1Q 2025). Net loss: JP¥509.0m (loss widened 6.2% from 1Q 2025). Reported Earnings • Feb 14
Full year 2025 earnings released: JP¥73.52 loss per share (vs JP¥62.88 loss in FY 2024) Full year 2025 results: JP¥73.52 loss per share (further deteriorated from JP¥62.88 loss in FY 2024). Revenue: JP¥6.86b (down 18% from FY 2024). Net loss: JP¥4.18b (loss widened 50% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Feb 12
KLab Inc., Annual General Meeting, Mar 27, 2026 KLab Inc., Annual General Meeting, Mar 27, 2026. Announcement • Feb 10
KLab Inc. (TSE:3656) entered into a share transfer agreement to acquire an unknown minority stake in I'mbesideyou Inc. from Shozo Kamiya and others. KLab Inc. (TSE:3656) entered into a share transfer agreement to acquire an unknown minority stake in I'mbesideyou Inc. from Shozo Kamiya and others on February 10, 2026. As part of the acquisition, KLab Inc. would acquire 900 common shares and 230 Class A1 preferred stock of I'mbesideyou Inc. In related transaction, KLab Inc. also enter into the Business Partnership Agreement with I'mbesideyou Inc. Announcement • Jan 07
KLab Inc. to Report Fiscal Year 2025 Results on Feb 12, 2026 KLab Inc. announced that they will report fiscal year 2025 results on Feb 12, 2026 New Risk • Dec 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥3.1b free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: JP¥12.91 (vs JP¥8.93 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥12.91 (up from JP¥8.93 loss in 3Q 2024). Revenue: JP¥1.77b (down 27% from 3Q 2024). Net income: JP¥774.0m (up JP¥1.19b from 3Q 2024). Profit margin: 44% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 08
Second quarter 2025 earnings released: JP¥77.28 loss per share (vs JP¥5.80 loss in 2Q 2024) Second quarter 2025 results: JP¥77.28 loss per share (further deteriorated from JP¥5.80 loss in 2Q 2024). Revenue: JP¥1.53b (down 26% from 2Q 2024). Net loss: JP¥4.27b (loss widened JP¥4.02b from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 36% per year. Announcement • Jun 25
Sun* Inc. (TSE:4053) agreed to acquire GlobalGear inc. from KLab Inc. (TSE:3656). Sun* Inc. (TSE:4053) agreed to acquire GlobalGear inc. from KLab Inc. (TSE:3656) on June 25, 2025.
For the period ending December 31, 2024, GlobalGear inc. reported total revenue of ¥490 million, EBIT of ¥242 million and net income of ¥169 million. As of December 31, 2024, GlobalGear inc. reported total assets of ¥432 million and total common equity of ¥389 million.
The expected completion of the transaction is July 1, 2025. New Risk • Jun 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (JP¥6.66b market cap, or US$46.0m). New Risk • May 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (JP¥6.36b market cap, or US$44.6m). Reported Earnings • May 21
First quarter 2025 earnings released: JP¥9.74 loss per share (vs JP¥27.10 loss in 1Q 2024) First quarter 2025 results: JP¥9.74 loss per share (improved from JP¥27.10 loss in 1Q 2024). Revenue: JP¥1.64b (up 3.4% from 1Q 2024). Net loss: JP¥479.0m (loss narrowed 56% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. New Risk • Apr 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (JP¥6.41b market cap, or US$45.1m). New Risk • Mar 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.5% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (JP¥6.89b market cap, or US$45.8m). Reported Earnings • Feb 15
Full year 2024 earnings released: JP¥62.88 loss per share (vs JP¥44.97 loss in FY 2023) Full year 2024 results: JP¥62.88 loss per share (further deteriorated from JP¥44.97 loss in FY 2023). Revenue: JP¥8.31b (down 23% from FY 2023). Net loss: JP¥2.78b (loss widened 53% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Announcement • Feb 13
KLab Inc., Annual General Meeting, Mar 27, 2025 KLab Inc., Annual General Meeting, Mar 27, 2025. Announcement • Jan 31
KLab Inc. announced that it has received ¥26.158 million in funding from Macquarie Group Limited On January 30, 2025 KLab Inc. closed the transaction. New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (JP¥6.59b market cap, or US$41.7m). New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (JP¥7.92b market cap, or US$51.5m). Announcement • Dec 03
KLab Inc. to Report Fiscal Year 2024 Results on Feb 13, 2025 KLab Inc. announced that they will report fiscal year 2024 results on Feb 13, 2025 Reported Earnings • Nov 16
Third quarter 2024 earnings released: JP¥8.93 loss per share (vs JP¥4.94 loss in 3Q 2023) Third quarter 2024 results: JP¥8.93 loss per share (further deteriorated from JP¥4.94 loss in 3Q 2023). Revenue: JP¥2.43b (down 19% from 3Q 2023). Net loss: JP¥416.0m (loss widened 108% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Sep 19
KLab Inc. Launches Worldwide on September 24, 2024 as the First Puzzle Game Based on the Beach TV Animation Series KLab Inc. announced that the first puzzle game based on the hit TV animation series BLEACH, BLEACH Soul puzzle, is set for a worldwide release on September 24, 2024. A campaign is also currently underway where participants can receive BLEACH puzzle original merch by following the BLEACH Soul puzzle official X account. BLEACH Soul puzzle is a match 3 puzzle game that features characters from the BLEACH TV Animation Series: Thousand-Year Blood War. Not only will players feel a rush when blasting away pieces with attacks by BLEACH characters in the puzzle segment, but they'll also be able to encounter a variety of other BLEACH elements that allow them to experience the world of BLEACH while enjoying the game. Reported Earnings • Aug 09
Second quarter 2024 earnings released: JP¥5.80 loss per share (vs JP¥0.64 loss in 2Q 2023) Second quarter 2024 results: JP¥5.80 loss per share (further deteriorated from JP¥0.64 loss in 2Q 2023). Revenue: JP¥2.05b (down 17% from 2Q 2023). Net loss: JP¥245.0m (loss widened JP¥219.0m from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Jul 15
KLab Inc. Launches BLEACH Soul Puzzle Worldwide in 2024 KLab Inc. announced that the first puzzle game based on the hit TV animation series BLEACH, BLEACH Soul Puzzle, is set to be released in 2024. Pre-orders and pre-registration are now being accepted on the App Store and Google Play. A campaign will also be held where participants have the chance to receive an autograph from Ichigo Kurosaki's voice actor, Masakazu Morita. About BLEACH Soul Puzzle: This title is a match 3 puzzle game that features characters from the BLEACH TV Animation Series: Thousand-Year Blood War. With support provided for English and Japanese, BLEACH Soul Puzzle will be released worldwide in over 150 countries and regions including Japan. New Risk • May 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (JP¥9.65b market cap, or US$61.5m). Reported Earnings • May 11
First quarter 2024 earnings released: JP¥27.10 loss per share (vs JP¥9.02 loss in 1Q 2023) First quarter 2024 results: JP¥27.10 loss per share (further deteriorated from JP¥9.02 loss in 1Q 2023). Revenue: JP¥1.58b (down 45% from 1Q 2023). Net loss: JP¥1.10b (loss widened 200% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Apr 27
KLab Inc. announced that it has received ¥41.41 million in funding from Macquarie Group Limited On April 26, 2024, KLab Inc. closed the transaction. The transaction included participation from new investor Macquarie Group Limited. Announcement • Mar 28
KLab Inc. to Report Q1, 2024 Results on May 09, 2024 KLab Inc. announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • Feb 10
Full year 2023 earnings released: JP¥42.72 loss per share (vs JP¥13.95 loss in FY 2022) Full year 2023 results: JP¥42.72 loss per share (further deteriorated from JP¥13.95 loss in FY 2022). Revenue: JP¥10.7b (down 37% from FY 2022). Net loss: JP¥1.73b (loss widened 219% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Jan 17
KLab Inc., Annual General Meeting, Mar 28, 2024 KLab Inc., Annual General Meeting, Mar 28, 2024. Announcement • Dec 05
KLab Inc. to Report Fiscal Year 2023 Results on Feb 08, 2024 KLab Inc. announced that they will report fiscal year 2023 results on Feb 08, 2024 Announcement • Nov 17
Klab Inc. Announces Dividends from Surplus from Globalgear Co. Ltd KLab Inc. has announced that it has received dividends from surplus from GlobalGear Co. Ltd., a consolidated subsidiary that operates a casual game business. Dividend amount: JPY 499 million. Reported Earnings • Nov 08
Third quarter 2023 earnings released: JP¥4.94 loss per share (vs JP¥0.90 profit in 3Q 2022) Third quarter 2023 results: JP¥4.94 loss per share (down from JP¥0.90 profit in 3Q 2022). Revenue: JP¥2.99b (down 28% from 3Q 2022). Net loss: JP¥200.0m (down JP¥235.0m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 09
Second quarter 2023 earnings released: JP¥0.64 loss per share (vs JP¥4.34 loss in 2Q 2022) Second quarter 2023 results: JP¥0.64 loss per share (improved from JP¥4.34 loss in 2Q 2022). Revenue: JP¥2.48b (down 42% from 2Q 2022). Net loss: JP¥26.0m (loss narrowed 84% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 29% per year. Reported Earnings • May 13
First quarter 2023 earnings released: JP¥9.02 loss per share (vs JP¥4.66 loss in 1Q 2022) First quarter 2023 results: JP¥9.02 loss per share (further deteriorated from JP¥4.66 loss in 1Q 2022). Revenue: JP¥2.89b (down 30% from 1Q 2022). Net loss: JP¥365.0m (loss widened 106% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 29
Full year 2022 earnings released: JP¥13.95 loss per share (vs JP¥90.38 loss in FY 2021) Full year 2022 results: JP¥13.95 loss per share (improved from JP¥90.38 loss in FY 2021). Revenue: JP¥16.9b (down 29% from FY 2021). Net loss: JP¥541.0m (loss narrowed 84% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 12
Full year 2022 earnings released: JP¥13.97 loss per share (vs JP¥90.38 loss in FY 2021) Full year 2022 results: JP¥13.97 loss per share (improved from JP¥90.38 loss in FY 2021). Revenue: JP¥16.9b (down 29% from FY 2021). Net loss: JP¥541.9m (loss narrowed 84% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • Dec 21
KLab Inc., Annual General Meeting, Mar 24, 2023 KLab Inc., Annual General Meeting, Mar 24, 2023. Agenda: To consider Candidate Election of Directors Who Are Not Audit and Supervisory Committee Members. Announcement • Dec 06
KLab Inc. to Report Fiscal Year 2022 Results on Feb 09, 2023 KLab Inc. announced that they will report fiscal year 2022 results on Feb 09, 2023 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Shoji Inoue was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: JP¥0.90 (vs JP¥1.62 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥0.90 (up from JP¥1.62 loss in 3Q 2021). Revenue: JP¥4.15b (down 35% from 3Q 2021). Net income: JP¥35.0m (up JP¥97.0m from 3Q 2021). Profit margin: 0.8% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 05
Second quarter 2022 earnings released: JP¥4.34 loss per share (vs JP¥8.36 loss in 2Q 2021) Second quarter 2022 results: JP¥4.34 loss per share (up from JP¥8.36 loss in 2Q 2021). Revenue: JP¥4.25b (down 29% from 2Q 2021). Net loss: JP¥165.0m (loss narrowed 49% from 2Q 2021). Over the next year, revenue is forecast to grow 41%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Jul 01
KLab Inc. Announces its 3D Action Game Bleach: Brave Souls Receives Massive Update to Official English Website on June 23, 2022 KLab Inc. announced that its hit 3D action game Bleach: Brave Souls, currently available on smartphones, PC, and PlayStation 4, will receive a massive update to the official English website on June 23, 2022. The update will add special character pages to introduce more information on the all-star cast of characters exclusively for English audiences. There will be visual profiles and special move videos added for more than 135 characters including Ichigo Kurosaki and Rukia Kuchiki. Reported Earnings • May 15
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: JP¥4.66 loss per share (up from JP¥35.93 loss in 1Q 2021). Revenue: JP¥4.11b (down 36% from 1Q 2021). Net loss: JP¥177.0m (loss narrowed 87% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%. Over the next year, revenue is forecast to grow 30%, compared to a 9.0% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target decreased to JP¥535 Down from JP¥910, the current price target is provided by 1 analyst. New target price is 16% above last closing price of JP¥463. Stock is down 40% over the past year. The company is forecast to post earnings per share of JP¥33.60 next year compared to a net loss per share of JP¥90.38 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Shoji Inoue was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 10
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: JP¥90.38 loss per share (down from JP¥20.07 profit in FY 2020). Revenue: JP¥23.9b (down 30% from FY 2020). Net loss: JP¥3.47b (down JP¥4.24b from profit in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 48%. Over the next year, revenue is forecast to grow 31%, compared to a 5.7% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Feb 09
KLab Inc. Revises Consolidated Earnings Guidance for the Full Fiscal Year Ending December 31, 2021 KLab Inc. revised consolidated earnings guidance for the full fiscal year ending December 31, 2021. For the year, the company forecast revenue of JPY23,895 million compared to JPY 24,000 million forecasted previously. Operating loss of JPY 1,105 million compared to JPY 1,600 million forecasted previously. Loss attributable to owners of parent of JPY 3,468 million compared to JPY 2,300 million forecasted previously or net loss per share of JPY 90.38 compared to JPY 59.94 forecasted previously. Reported Earnings • Nov 10
Third quarter 2021 earnings released: JP¥1.62 loss per share (vs JP¥21.92 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥6.37b (down 39% from 3Q 2020). Net loss: JP¥62.0m (down 107% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • Sep 25
Klab Inc Announces "Captain Tsubasa: Dream Team" New Story Next Dream Debuts In-Game on , September 24 KLab Inc. announced that the brand new story by the original author of "Captain Tsubasa" Yoichi Takahashi titled "NEXT DREAM" will appear in its head-to-head football simulation game Captain Tsubasa: Dream Team starting, September 24, 2021. The plot for the new story "Next Dream" was created by Yoichi Takahashi, the original author of "Captain Tsubasa", and will be produced by KLab under his supervision. The story takes place after the Madrid Olympics in Captain Tsubasa Rising Sun, currently being serialized in the Grand Jump special edition Captain Tsubasa Magazine (Shueisha). It will highlight the appearances of familiar characters in new roles and brand new characters every month in the game. In commemoration of "NEXT DREAM" various in-game campaigns are available starting today. These campaigns will include a login bonus, NEXT DREAM Transfer, daily missions, daily scenarios, Dreamball exchange update, and more. Be sure to check out the in-game notifications and official website for more information. Reported Earnings • Aug 06
Second quarter 2021 earnings released: JP¥22.14 loss per share (vs JP¥3.93 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: JP¥6.17b (down 28% from 2Q 2020). Net loss: JP¥852.8m (down JP¥1.00b from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
First quarter 2021 earnings released: JP¥35.93 loss per share (vs JP¥3.52 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: JP¥6.39b (down 14% from 1Q 2020). Net loss: JP¥1.38b (loss widened JP¥1.25b from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥654, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Entertainment industry in Japan. Total loss to shareholders of 63% over the past three years. Major Estimate Revision • Mar 12
Analysts lower EPS estimates to JP¥38.40 The 2021 consensus revenue estimate was lowered from JP¥39.8b to JP¥37.7b. Earning per share (EPS) estimate was also lowered from JP¥52.80 to JP¥38.40 for the same period. Net income is expected to grow by 93% next year compared to 25% growth forecast for the Entertainment industry in Japan. The consensus price target increased from JP¥1,300 to JP¥1,400. Share price is up 2.2% to JP¥838 over the past week. Announcement • Mar 06
KLab Inc. Announces New School Life Cappella Project aoppella!? Featuring 11 Famous Japanese Voice Actors KLab Inc. announced a new multimedia music project called aoppella!? based on a story of high school students discovering the art of a cappella. About aoppella!?: It was on that unforgettable day that the boys found themselves changed. In front of them were ordinary high school students just like them. There were no flashy costumes or musical instruments. But the moment they began to sing a surreal harmony filled the air and the crowd went wild. Is New 90 Day High Low • Feb 19
New 90-day low: JP¥849 The company is down 15% from its price of JP¥1,002 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,628 per share. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥20.07 (vs JP¥10.17 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥34.0b (up 9.1% from FY 2019). Net income: JP¥767.0m (up 100% from FY 2019). Profit margin: 2.3% (up from 1.2% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 79% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue and earnings miss expectations Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 17%, compared to a 2.5% growth forecast for the Entertainment industry in Japan. Announcement • Feb 12
KLab Inc., Annual General Meeting, Mar 26, 2021 KLab Inc., Annual General Meeting, Mar 26, 2021. Announcement • Feb 10
KLab Inc. to Develop New Game Based on TV Anime "Is It Wrong to Try to Pick Up Girls in a Dungeon?" for Worldwide Distribution KLab Inc. announced the development of a new PC and mobile online game based on the animated series "Is It Wrong to Try to Pick Up Girls in a Dungeon" planned for worldwide distribution. KLab will utilize its experience in IP-based game development and operation know-how, both
About "Is It Wrong to Try to Pick Up Girls in a Dungeon?". "Is It Wrong to Try to Pick Up Girls in a Dungeon?" is the hit light novel created by Fujino Omori in 2013 and originally published in GA Bunko (SB Creative). The first season of the animated series aired in 2015. In 2017 both the second season of the anime and the animated adaptation of "Is It Wrong to Try to Pick Up Girls in a Dungeon? On the Side: Sword Oratoria" debuted. The third season of the anime was broadcasted in 2020. The fourth season is scheduled to begin in 2022. The series continues to grow a large fan base all around the world and remains widely popular. Announcement • Dec 05
KLab Inc. to Report Q3, 2021 Results on Nov 09, 2021 KLab Inc. announced that they will report Q3, 2021 results on Nov 09, 2021 Price Target Changed • Dec 01
Price target raised to JP¥1,300 Up from JP¥1,200, the current price target is an average from 2 analysts. The new target price is 25% above the current share price of JP¥1,041. As of last close, the stock is up 23% over the past year. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥1,041 The company is up 13% from its price of JP¥925 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥647 per share. Announcement • Jun 18
SAKURASOFT CO.,Ltd. agreed to acquire planning, production, operation, and related operations at the Okayama office from KLab Inc. (TSE:3656). SAKURASOFT CO.,Ltd. agreed to acquire planning, production, operation, and related operations at the Okayama office from KLab Inc. (TSE:3656) on June 17, 2020. The revenue of operations at the Okayama office for the year end December 31, 2019, is ¥685 million and total assets is ¥16 million. The transaction does not need approval of shareholders of KLab Inc. The transaction is expected to close on August 1, 2020.