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KLab Inc. ( (JP:3656) ) has provided an update.
KLab Inc. has decided to discontinue development of its soccer simulation game EA SPORTS FC TACTICAL, a project it had positioned as a key pillar of its business in partnership with U.S. publisher Electronic Arts. Following discussions with EA, the company will halt distribution of the title in the limited regions where it is currently available as of May 7 and terminate its partnership agreement with EA, though it is not disclosing further details due to confidentiality obligations. KLab has already been cutting costs tied to the project since fiscal 2025, including reallocating staff and recognizing impairment losses on related software assets, and therefore expects the cancellation to have only a minor impact on its consolidated financial results, with no additional impairment losses anticipated.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen308.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
More about KLab Inc.
KLab Inc., listed on the Tokyo Stock Exchange Prime Market, is a Japanese mobile and online game developer and operator that focuses on creating and operating game titles, often in collaboration with major global publishers, for domestic and international markets.
Average Trading Volume: 9,350,578
Technical Sentiment Signal: Buy
Current Market Cap: Yen24B
For a thorough assessment of 3656 stock, go to TipRanks’ Stock Analysis page.