KLab Inc. Announces Consolidated Earnings Results for the Year Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018
KLab Inc. announced consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of JPY 26,777,603,000 compared to JPY 19,599,729,000 a year ago. Operating income was JPY 4,891,128,000 compared to JPY 1,274,730,000 a year ago. Ordinary income was JPY 4,853,644,000 compared to JPY 830,452,000 a year ago. Income before income taxes was JPY 4,797,028,000 compared to loss of JPY 478,262,000 a year ago. Income attributable to owners of parent was JPY 3,127,450,000 or JPY 84.89 per share compared to loss of JPY 814,124,000 or JPY 22.26 per diluted share a year ago. Net cash provided by operating activities was JPY 5,072,964,000 compared to JPY 1,553,387,000 a year ago. Purchase of property, plant and equipment was JPY 174,936,000 compared to JPY 93,357,000 a year ago. Purchase of intangible assets was JPY 2,052,149,000 compared to JPY 1,031,295,000 a year ago.
The company provided consolidated earnings guidance for the year ending December 31, 2018. For the year, the company expects revenue of JPY 38,500 million- JPY 33,500 million, operating income of JPY 6,250 million- JPY 3,750 million, ordinary income of JPY 6,150 million - JPY 3,650 million and profit attributable to owners of parent of JPY 4,200 million- JPY 2,350 million or JPY 14.00- JPY 63.79 per share.