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KLab Inc. ( (JP:3656) ) has shared an update.
KLab Inc. announced a significant financial update, recording a gain on the sale of investment securities but also an extraordinary loss due to impairment of other securities and software. The company revised its consolidated earnings forecast for FY2024, highlighting challenges in maintaining revenue amidst efforts to stabilize long-term game titles and restructure costs, resulting in an expected decrease in revenue and an increased net profit deficit.
More about KLab Inc.
KLab Inc. operates in the gaming industry, focusing on mobile online games. The company develops and distributes games, leveraging its expertise in supporting the gamification of Japanese intellectual properties and collaborating with overseas game companies.
YTD Price Performance: -4.00%
Average Trading Volume: 519,659
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen8.08B
See more insights into 3656 stock on TipRanks’ Stock Analysis page.