Love Live! School Festival, Bleach Brave Souls Developer KLab's Profits Drop
posted on by Karen Ressler
Mobile game developer KLab (Love Live! School Idol Festival, Bleach: Brave Souls) released its December 2015 balance sheet on Monday, reporting a 60.9% decrease in its net profit from 2014 to 2015. The company earned a net profit of 700 million yen (about US$6 million) from January 1, 2015 through December 31, 2015, compared to last year's 1.8 billion yen (about US$15.6 million).
Total sales were down 2.2% to 20.9 billion yen (about US$181 million). The operating profit (sales minus business expenses such as labor, materials, or advertising) increased 1.6% to 2.2 billion yen (about US$19 million) but the ordinary profit (operating profit plus non-business expenses and profits, such as bank interest or repaying loans) decreased 25.1% to 1.9 billion yen (about US$16 million).
KLab's third quarter (July-September) 2015 balance sheet reported an overall increase in operating profit, but dip in sales for both Love Live! School Idol Festival and Bleach: Brave Souls during the month of September. The dip in sales contributed to a low earnings forecast.
Since publishing its third quarter report in November, KLab has announced an arcade version of the Love Live! School Idol Festival app. It has also added the Love Live! Sunshine!! characters to the game. As of January 18, the game has more than 14 million users in Japan.
The Bleach: Brave Souls iOS and Android game launched worldwide in English last month.