KLab Inc. (JP:3656)
:3656
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KLab Inc.
(3656)
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Rating:42Neutral
Price Target:
¥249.00
▼(-34.13% Downside)
Action:Reiterated
Date:05/27/26
The score is primarily held down by weak financial performance—multi-year revenue decline, margin compression, ongoing net losses, and recurring cash burn. Technicals also lean negative with the stock trading below key moving averages, while valuation is constrained by a negative P/E and lack of dividend support.
Positive Factors
Low Leverage & Equity Cushion
Very low leverage and a sizable equity base materially reduce near-term solvency risk and extend the company’s runway while losses persist. This financial flexibility supports continued live-ops spending or strategic investment without immediate recapitalization, bolstering stability over months.
Negative Factors
Multi-year Revenue Decline
Sustained top-line decline indicates waning player engagement or weaker title performance, reducing scale advantages and making return-to-profitability harder. Persisting revenue contraction limits ability to cover fixed costs, undermines unit economics, and raises execution pressure on new releases and live-ops.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage & Equity Cushion
Very low leverage and a sizable equity base materially reduce near-term solvency risk and extend the company’s runway while losses persist. This financial flexibility supports continued live-ops spending or strategic investment without immediate recapitalization, bolstering stability over months.
Read all positive factors
KLab Inc. (3656) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥18.47B
Dividend YieldN/A
Average Volume (3M)13.13M
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth-17.15%
EPS Growth-70.83%
CountryJP
Employees459
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-121.17
Shares Outstanding81,309,600
10 Day Avg. Volume5,041,080
30 Day Avg. Volume13,126,573
Financial Highlights & Ratios
PEG Ratio-0.30
Price to Book (P/B)2.08
Price to Sales (P/S)3.13
P/FCF Ratio-10.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)154.64
Revenue Forecast (FY)¥31.27B
KLab Inc. Business Overview & Revenue Model
Company Description
KLab Inc., an international mobile game company, operates with its subsidiaries to plan, create, manage, and release digital games for mobile devices across the globe. Its extensive portfolio features popular titles such as BLEACH Brave Souls, BLE...
How the Company Makes Money
KLab primarily makes money from the operation of free-to-play (F2P) mobile games. Revenue is mainly generated through in-game purchases (microtransactions), where players buy virtual currency, items, character/loot draws (gacha-style mechanics in ...
KLab Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
58
Neutral
Cash Flow
21
Negative
| 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 | 1.30B | 830.54M | 1.13B | 1.75B | 3.02B | 2.72B |
| EBITDA | -808.16M | -1.24B | -1.15B | -801.92M | -223.09M | -357.18M |
| Net Income | -6.19B | -4.18B | -2.78B | -1.82B | -541.92M | -3.47B |
Balance Sheet | ||||||
| Total Assets | 10.94B | 13.27B | 16.11B | 17.96B | 20.97B | 18.81B |
| 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 | 5.74B | 6.25B | 7.82B | 6.00B |
| Stockholders Equity | 6.86B | 10.30B | 10.37B | 11.71B | 13.15B | 12.81B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.98B | -138.22M | -1.53B | 0.00 | 0.00 |
| 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
Negative
378.00
Price Trends
277.18
Negative
310.04
Negative
278.03
Negative
Market Momentum
-13.67
Positive
41.34
Neutral
22.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3656, the sentiment is Negative. The current price of 378 is above the 20-day moving average (MA) of 260.75, above the 50-day MA of 277.18, and above the 200-day MA of 278.03, indicating a bearish trend. The MACD of -13.67 indicates Positive momentum. The RSI at 41.34 is Neutral, neither overbought nor oversold. The STOCH value of 22.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3656.
KLab Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥42.03B | 7.24 | ― | 4.06% | 9.32% | 243.34% | |
70 Outperform | ¥167.61B | 10.02 | 10.05% | 4.61% | 10.67% | 1.68% | |
69 Neutral | ¥294.99B | 15.32 | 17.98% | 2.52% | -9.94% | -21.11% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | ¥70.39B | 30.67 | 1.59% | 2.09% | -8.43% | -5.44% | |
54 Neutral | ¥13.04B | 8.44 | ― | ― | 2.70% | -30.63% | |
42 Neutral | ¥18.47B | -4.17 | ― | ― | -17.15% | -70.83% |
* Communication Services Sector Average
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KLab Inc. Corporate Events
KLab Maintains Dual Gold Treasury Strategy Despite Unrealized Losses on Bitcoin and Gold
Jun 1, 2026
KLab Inc. reported that it made no additional purchases of Bitcoin or gold in May 2026, but disclosed that as of May 31 it held 69.64687 BTC and 20,331 units of a domestically stored physical gold ETF, with both positions sitting on sizable unreal...
KLab Books FX Gains but Suffers Losses on Investments and Bitcoin in Q1 2026
May 14, 2026
KLab Inc. reported that in the first quarter of the fiscal year ending December 2026, it booked non-operating income of ¥28.9 million from foreign exchange gains driven by exchange-rate fluctuations affecting foreign currency receivables and ...
KLab Issues FY2026 Guidance on Game Rebound and GPU Cloud Growth
May 14, 2026
KLab Inc. has issued a full-year revenue and operating income forecast for the fiscal year ending December 2026 after previously withholding guidance, projecting revenue of ¥17 billion and operating income of ¥1 billion. The move reflect...
KLab Narrows Losses, Lifts Full-Year Revenue and Profit Outlook
May 14, 2026
KLab Inc. reported first-quarter fiscal 2026 revenue of ¥1.7 billion, up 4.3% year on year, but remained loss-making with an operating loss of ¥453 million and a net loss of ¥509 million. Despite the loss, the company’s equity...
KLab Leaves Bitcoin and Gold Positions Unchanged as AI-Led Treasury Strategy Continues
May 1, 2026
KLab Inc. reported that it made no additional purchases of Bitcoin or gold during April 2026, leaving its holdings at 69.64687 BTC and 20,331 units of a domestically stored physical gold ETF, with both positions currently showing unrealized valuat...
KLab Expands AI-Driven Bitcoin and Gold Treasury Holdings Despite Unrealized Losses
Apr 1, 2026
KLab Inc. reported that between March 1 and March 31, 2026, it purchased 17.740 Bitcoin for about ¥199.9 million, bringing its total holdings to 69.64687 BTC alongside 20,331 units of a physically backed domestic gold ETF. As of March 31, the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.