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KLab Inc.
(3656)
KLab Inc. (3656) vs. iShares MSCI Japan ETF (EWJ)
KLab Inc. Business Overview & Revenue Model
KLab Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.84B | 6.86B | 8.31B | 10.72B | 16.88B | 23.90B |
| Gross Profit | 1.31B | 830.54M | 1.13B | 1.75B | 3.02B | 2.72B |
| EBITDA | -5.11B | -1.24B | -1.94B | -1.21B | -33.52M | -1.92B |
| Net Income | -6.19B | -4.18B | -2.78B | -1.82B | -541.92M | -3.47B |
Balance Sheet | ||||||
| Total Assets | 10.94B | 13.27B | 15.78B | 17.75B | 20.86B | 18.71B |
| Cash, Cash Equivalents and Short-Term Investments | 1.84B | 5.21B | 1.61B | 2.21B | 6.02B | 4.75B |
| Total Debt | 1.13B | 332.28M | 2.22B | 3.18B | 3.51B | 1.00B |
| Total Liabilities | 4.08B | 2.97B | 5.41B | 6.05B | 7.71B | 5.90B |
| Stockholders Equity | 6.86B | 10.30B | 10.37B | 11.71B | 13.15B | 12.81B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.98B | -2.06B | -4.36B | -2.84B | -2.73B |
| Operating Cash Flow | 0.00 | -1.80B | -138.22M | -1.53B | -186.97M | -1.28B |
| Investing Cash Flow | 0.00 | 2.48B | -1.05B | -2.33B | -1.36B | -1.93B |
| Financing Cash Flow | 0.00 | 2.92B | 555.11M | -66.94M | 3.54B | -1.04B |
KLab Inc. Technical Analysis
KLab Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥305.32B | 11.73 | 17.98% | 2.52% | 34.16% | ― | |
69 Neutral | ¥175.48B | 10.15 | 9.54% | 4.61% | 1.14% | 77.07% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | ¥45.14B | 11.80 | ― | 4.06% | -15.30% | 39.61% | |
54 Neutral | ¥69.49B | 46.19 | 4.14% | 2.09% | -2.61% | 116.80% | |
46 Neutral | ¥17.42B | 5.72 | ― | ― | -37.68% | ― | |
45 Neutral | ¥25.42B | -4.12 | ― | ― | -14.71% | -38.87% |
KLab Inc. Corporate Events
KLab Inc. plans to revise its Articles of Incorporation to broaden its stated business purposes, reflecting a strategic move to diversify beyond its existing education-related technology operations. The updated objectives add activities such as managing facilities and infrastructure for data centers and cloud computing, developing and providing generative AI technologies and related consulting, and expanding into investment, digital assets, and cryptocurrency-related businesses.
The company also seeks authorization for financial instruments, funds transfer, and cryptocurrency exchange operations under Japan’s regulatory framework, signaling a deeper push into financial services tied to emerging technologies. These proposed changes, scheduled to take effect following shareholder approval at the March 27, 2026 annual meeting, indicate an effort to reposition KLab for growth in high-performance computing, AI, and blockchain-driven markets, potentially reshaping its revenue base and risk profile.
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.
KLab Inc. disclosed additional purchases of Bitcoin and gold ETFs between February 9 and 13, 2026, acquiring 11.67 BTC and 3,384 units of a physically backed gold ETF for roughly ¥120.5 million and ¥81.7 million, respectively. As of February 13, the company held 34.12828 BTC and 15,019 gold ETF units, with both positions showing unrealized valuation losses and a nearly even allocation split, underscoring the firm’s commitment to its “Dual Gold Treasury Strategy” despite short-term market volatility.
Management emphasized that investment decisions in Bitcoin and gold are informed by an in-house AI system that aggregates and analyzes global market opinions, with resulting BTC and gold reports made publicly available in Japanese. The initiative positions KLab as an early mover among Japanese listed firms in formalizing AI-driven alternative asset management within corporate treasury policy, a shift that may influence its risk profile and appeal to investors interested in digital assets and commodities diversification.
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.
KLab Inc., a Japanese digital entertainment and AI creative solutions provider, is deepening its strategic push into the Middle East by leveraging capital and advisory ties with UAE investors and partners to build a regional marketing and business base. This network underpins its efforts to export AI-driven creative production services and tap into rising demand for sophisticated digital marketing and brand support in high-growth markets.
The company has entered a business partnership with Tokyo-based MUSCAT GROUP Inc. to jointly develop brand production and digital marketing solutions in the Middle East, combining KLab’s AI creative production capabilities with MUSCAT GROUP’s data-driven, niche-focused brand expertise. By aligning KLab’s AI talent and character-based corporate creative tools with MUSCAT GROUP’s scalable marketing model, the collaboration aims to create new value-added services, accelerate both firms’ overseas expansion and enhance KLab’s corporate value and regional competitiveness.
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.
KLab Inc. reported that in the fourth quarter of fiscal 2025 it booked extraordinary income tied to cost-cutting moves, including a ¥209 million support grant related to the downsizing and relocation of its head office. At the same time, it recognized an impairment loss of ¥81 million after writing down the full book value of certain casual-game development costs, reflecting a reassessment of the recoverability of those software assets.
For the year ended December 31, 2025, consolidated revenue fell 17.5% to ¥6.86 billion as new game titles failed to scale and older titles saw gradual declines, while operating losses remained roughly flat versus 2024. Despite extensive fixed-cost reductions, profit attributable to owners of parent deteriorated further to a ¥4.18 billion loss, as sizeable extraordinary losses, including multiple software impairments and special retirement benefits, outweighed gains from investment security sales and relocation support, underscoring ongoing earnings pressure amid portfolio transition.
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.
KLab Inc., a Tokyo-listed mobile and online game developer, reported continued losses for the fiscal year ended December 31, 2025, with consolidated revenue falling 17.5% to ¥6.86 billion and a widened net loss attributable to owners of the parent of ¥4.18 billion. Despite negative operating, ordinary, and net income, the company’s equity ratio improved to 76.9% as total assets declined, while cash and cash equivalents increased to ¥5.21 billion, reflecting positive cash flows from investing and financing activities.
The company again declared no dividends for FY2025 and forecasts no dividends for FY2026, underscoring a continued priority on capital preservation amid weak earnings. KLab will not disclose consolidated performance forecasts for FY2026 and reported the exclusion of subsidiary GlobalGear Co. Ltd. and certain accounting policy changes, signaling an ongoing restructuring and adjustment phase that may affect future profitability and business focus.
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.
KLab Inc. has agreed to acquire shares in AI startup I’mbesideyou Inc. from its president and other shareholders, while simultaneously entering a business partnership to deepen technological collaboration in AI development. The move aims to strengthen KLab’s AI development capabilities, accelerate new product creation, and enhance its long-term corporate value amid intensifying competition for AI engineers in Japan.
I’mbesideyou specializes in multimodal AI-based emotion analysis that integrates text, image, audio, and video data, and has built a global track record, including mental health services for Indian immigrants in the U.S. By aligning with a partner that attracts top talent from IIT and IIM and holds more than 280 international patent applications, KLab positions itself to advance AI initiatives such as its new automated trading system and planned entertainment services, potentially improving its competitiveness and innovation capacity.
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.
KLab Inc. has expanded its alternative asset holdings by purchasing 3,450 units of a physically backed domestic gold ETF between February 2 and 6, 2026, for about ¥81.8 million, bringing its total positions to 22.45828 BTC and 11,635 gold units. As of February 6, both Bitcoin and gold positions show valuation losses compared with average purchase prices, with portfolio allocation split roughly 46% in BTC and 54% in gold.
The company emphasizes that all purchase decisions are based on an internal AI system that aggregates and analyzes global market views, and it publishes its findings as the “KLab with AI BTC Report” and “KLab with AI GOLD Report” in Japanese. These moves form part of KLab’s broader “Dual Gold Treasury Strategy,” under which the firm regularly discloses weekly updates on its crypto and gold transactions, underscoring a structured, tech-driven approach to treasury diversification beyond its core gaming business.
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.
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.
KLab Inc. disclosed that it has continued implementing its “Dual Gold Treasury Strategy” by purchasing additional Bitcoin and Japan-listed physical gold ETF units between January 28 and 30, 2026, spending about ¥128 million on 9.65 BTC and about ¥75.7 million on 2,955 gold ETF units. As of January 31, 2026, the company holds 22.45828 BTC and 8,185 gold ETF units, with its Bitcoin position currently showing a valuation loss and its gold holdings a valuation gain, resulting in a roughly 58% Bitcoin and 42% gold allocation in its treasury assets. KLab emphasized that it uses an AI-based system to aggregate and analyze global market opinions to inform these crypto and gold allocation decisions, and has made its AI-generated BTC and gold reports, as well as materials on the Dual Gold Treasury Strategy, publicly available, underlining a data-driven and transparent approach to managing non-traditional balance sheet assets.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen351.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. announced that the Tokyo Stock Exchange has officially confirmed the company’s compliance with all Prime Market listing maintenance criteria related to tradable shares as of December 31, 2025. Over the past three years, KLab has substantially increased the number of shareholders, tradable shares, tradable share market capitalization, and average daily trading value, all of which now exceed the TSE’s minimum thresholds by a comfortable margin. This confirmation secures KLab’s continued presence on the Prime Market, signaling improved liquidity and marketability of its shares, and underpins investor confidence in the company’s capital market profile.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen366.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. announced that, based on its shareholder register as of December 31, 2025, its tradable share market capitalization now meets the Tokyo Stock Exchange’s criteria for maintaining a Prime Market listing, following a period in which it had fallen short and was operating under a remedial plan through the end of 2026. The company reported significant improvements in key listing metrics, including an increase in tradable share market capitalization to ¥16.11 billion and higher liquidity, while its total market capitalization has risen to ¥29 billion, supported by progress in new game titles, the introduction of a new management structure, and the launch of AI-focused businesses and large-scale financing initiatives, positioning KLab for profitability and enhanced corporate value in the coming fiscal year.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen415.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. has finalized the terms for its 24th series of stock acquisition rights, a paid-in stock option program tied to market capitalization and performance targets, to be granted to directors and selected employees. The issuance comprises 20,000 rights corresponding to 2,000,000 common shares, with the bulk allocated to the representative director and president, and the remainder to other directors and key employees, underscoring the company’s emphasis on performance-linked executive compensation and alignment of management and staff incentives with shareholder interests.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen417.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. has signed a Memorandum of Understanding with United Arab Emirates-based Century Financial Consultancy LLC to promote investor relations activities and explore business collaboration in both the UAE and Japanese markets, with a broader focus on the Middle East. By leveraging Century’s networks among high-net-worth individuals and major institutional investors, KLab aims to accelerate its IR efforts, enhance its name recognition, and deepen relationships with local investors and business partners across the region, although the company currently expects only a minor impact on its consolidated financial results from this agreement.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen417.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. has completed payment for the issuance of new shares and its 23rd series of stock acquisition rights through a third-party allotment to several institutional investors, raising a total of approximately 2.91 billion yen. The company issued 13.75 million new common shares in two tranches to ULTIMATE CLASSIC INVESTMENT LLC, Sun* Inc., JT Financial Limited Liability Partnership, and Six Cents Holdings Ltd., and allotted 107,500 stock acquisition rights to UCI and JT Financial, which could result in up to 10.75 million additional shares upon exercise between December 24, 2025, and December 23, 2027. This sizeable equity and potential future equity financing enhances KLab’s capital base, providing funds that can support its operational and strategic initiatives, while also signaling continued backing from financial and strategic investors despite the dilutive impact on existing shareholders.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen417.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. is set to hold an online briefing session for investors and analysts to discuss its recently announced financing and dual gold treasury strategy, as well as future business development and investor relations strategies. This session, led by Representative Director and President Tetsuya Sanada, aims to provide clarity on the company’s strategic direction and engage stakeholders through a Q&A session.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen417.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. announced amendments to its previously disclosed plans regarding the issuance of new shares and stock acquisition rights. The company has shifted from a book-entry transfer method to a non-book-entry transfer method for its 23rd Stock Acquisition Rights to streamline issuance procedures, indicating a strategic move to enhance operational efficiency.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen313.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. announced corrections to its previously released ‘Supplementary Explanatory Materials on Financing and Related Announcements’ due to an incorrect description. These corrections pertain to the allotment details of new shares and stock acquisition rights, impacting the company’s financial disclosures and potentially affecting shareholder information.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen234.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. has announced a strategic move to issue new shares and stock acquisition rights through a third-party allotment, involving investors such as ULTIMATE CLASSIC INVESTMENT LLC, Six Cents Holdings Ltd., Sun* Inc., and JT Financial Limited Liability Partnership. This financing initiative is expected to alter the company’s principal shareholder structure, potentially impacting its market positioning and stakeholder dynamics.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen234.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. has announced the issuance of market capitalization and performance target achievement-type paid-in stock options to its directors and employees as part of a strategic effort to recover its market capitalization and return to profitability. The company aims to motivate its workforce by setting ambitious targets, including a market capitalization of 20 billion yen and the establishment of new businesses, to enhance corporate and shareholder value. This move is part of a broader strategy to restructure its business portfolio and secure revenue from both existing and new ventures.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen234.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. has entered into a capital and business alliance with ULTIMATE CLASSIC INVESTMENT LLC, an investment firm backed by UAE royal family members, to strengthen its financial base and launch a blockchain-related business. This partnership aims to leverage UCI’s expertise in crypto asset management and Middle Eastern markets, with H.H. Sheikh Salem Khaled Humaid Mohamed Al Qasimi serving as an advisor, though the immediate financial impact is expected to be minor.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen234.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.
KLab Inc. has entered into a capital and business alliance with Sun* Inc. to strengthen their existing partnership. This agreement aims to utilize Sun* Inc.’s resources to enhance KLab’s mobile online game development, potentially leading to business growth and increased corporate value, although the immediate financial impact is expected to be minor.
The most recent analyst rating on (JP:3656) stock is a Hold with a Yen234.00 price target. To see the full list of analyst forecasts on KLab Inc. stock, see the JP:3656 Stock Forecast page.