Komori
Lib Work (1431) · RiskMaterialised

Price Volatility and Financial Soundness Risks Associated With Bitcoin Holdings

First written in FY2025. 4 of 8 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026.

8entries
2years
5from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2025MaterialisedFY2026-H1 – FY20262025: 120252026: 72026
Same theme, other companies
Valuation losses due to market price fluctuations in crypto assetsA theme 8 companies write about · 10 as a headwind · 0 as a tailwind

Lib Work moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).

The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.

3 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026MaterialisedAnnual report

    「For the crypto assets held by the Company, namely Bitcoin, we recorded a crypto-asset valuation loss of ¥225.441 million as a non-operating expense based on fair-value measurement at the end of the fiscal year.」

    Bitcoin price volatility materialized in the accounts as a ¥225.441 million impairment loss. The company disclosed holdings of ¥274.557 million, or 29.6431 BTC, at the end of the period.
  3. FY2026-H1MaterialisedAnnual report

    「The company holds crypto-assets, including bitcoin, to promote its digital asset strategy. However, following a decline in the price of bitcoin, it recognized an impairment loss in accordance with accounting standards. This impairment loss was based on fair value at the end of the current interim consolidated accounting period and was not a realized loss from a sale or other transaction, nor did it involve a cash outflow.」

    The company recognized a ¥103.271 million impairment loss on crypto-assets due to the decline in bitcoin's price, meaning that price volatility materialized as an actual accounting loss. It explained, however, that this was an unrealized loss based on fair value and did not involve a sale or cash outflow.
  4. FY2025First statedAnnual report

    「The price of bitcoin fluctuates significantly due to a range of factors, including supply and demand, announcements by regulators, media influence, technological changes and broad economic trends. This volatility may affect the company's financial soundness and operating performance.」

    The company newly disclosed that price volatility associated with holding bitcoin may affect its financial soundness and operating performance.
Moved together

"Compliance with Construction- and Real Estate-Related Laws and Regulations and Permitting Risks" moved the same way as this thread, in the same document, in 5 of its 8 moves.

542222★123456
  1. ★This thread
  2. 1Compliance with Construction- and Real Estate-Related Laws and Regulations and Permitting Risks5×
  3. 2Accumulation of Completed Inventory and Impairment Losses on Property for Sale4×
  4. 3Agile Customer Acquisition Without Relying on Permanent Showrooms2×
  5. 4Concentration of Handover Deliveries at Year-End and Fiscal Year-End2×
  6. 5Impact of Earthquakes, Typhoons and Other Natural Disasters on Costs and Construction Schedules2×
  7. 6Risk of Rising Mortgage Rates Following Additional Rate Hikes2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Lib Work yet. It last moved in the General Meetings of Shareholders of 2026-09-04: "Materialised".
News
News that touched this theme
Price Volatility and Financial Soundness Risks Associated With Bitcoin Holdings | Lib Work Co.,Ltd. (1431) | Komori