Segment loss due to upfront investment and operating losses in the cryptocurrency-related business
First written in FY2018-Q2. 5 of 12 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021ReframedAnnual report
「The names of the reporting segments formerly called the "Information Services Business" and the "Financial Instruments Business" have been changed to the "IT Services Business" and the "Financial Services Business," respectively. The "Cryptocurrency-Related Business" has also been consolidated into the "IT Services Business" and the "Financial Services Business."」
Reporting was reorganised from disclosing the Cryptocurrency- and Crypto Asset-Related Business as a standalone loss-making segment to consolidating it into the IT Services Business and the Financial Services Business. - FY2020MitigatedAnnual report
「As a result, revenue from the Crypto Asset-Related Business was ¥310 million (¥12 million in the previous fiscal year), and the operating loss was ¥125 million (an operating loss of ¥310 million in the previous fiscal year).」
The operating loss in the Crypto Asset-Related Business narrowed from ¥310 million to ¥125 million, while revenue increased on higher orders for system development projects. However, the business remained in the red. - FY2020-Q3MitigatedAnnual report
「As a result, revenue from the Crypto Asset-Related Business was negative ¥9 million (¥20 million in the same quarter of the previous year), and the operating loss was ¥173 million (an operating loss of ¥232 million in the same quarter of the previous year).」
Although the Crypto Asset-Related Business continued to post a revenue deficit, its operating loss narrowed from ¥232 million in the same quarter of the previous year to ¥173 million. - FY2020-Q2MitigatedAnnual report
「As a result, revenue from the Crypto Asset-Related Business was negative ¥9 million (negative ¥43 million in the same quarter of the previous year), and the operating loss was ¥173 million (an operating loss of ¥207 million in the same quarter of the previous year).」
The Crypto Asset-Related Business continued to post an operating loss, but the loss narrowed from ¥207 million in the same quarter of the previous year to ¥173 million. - FY2020-Q1WorsenedAnnual report
「As a result, revenue from the Cryptocurrency-Related Business was negative ¥8 million (negative ¥57 million in the same quarter of the previous year), and the operating loss was ¥153 million (an operating loss of ¥137 million in the same quarter of the previous year).」
The revenue deficit in the Cryptocurrency-Related Business narrowed, while the operating loss widened from ¥137 million in the same period of the previous year to ¥153 million. - FY2019MitigatedAnnual report
「As a result, revenue from the Cryptocurrency-Related Business was ¥12 million (negative ¥80 million in the previous fiscal year), and the operating loss was ¥310 million (an operating loss of ¥671 million in the previous fiscal year).」
The Cryptocurrency-Related Business continued to post an operating loss, but revenue turned from a deficit to a surplus of ¥12 million, and the operating loss narrowed from ¥671 million to ¥310 million. - FY2019-Q3Revenue turned positive, while operating loss widenedAnnual report
「As a result, revenue from the Cryptocurrency-Related Business was ¥20 million (negative ¥231 million in the same quarter of the previous year), and the operating loss was ¥232 million (an operating loss of ¥587 million in the same quarter of the previous year).」
Revenue from the Cryptocurrency-Related Business turned from a deficit in the same period of the previous year to a surplus of ¥20 million, and the operating loss also narrowed year on year. However, the loss widened from the cumulative second-quarter operating loss of ¥207 million to ¥232 million, and the business remained in the red. - FY2019-Q2Revenue deficit narrowed, while operating loss widenedAnnual report
「As a result, revenue from the Cryptocurrency-Related Business was negative ¥43 million (negative ¥322 million in the same quarter of the previous year), and the operating loss was ¥207 million (an operating loss of ¥469 million in the same quarter of the previous year).」
Both the revenue deficit and operating loss in the Cryptocurrency-Related Business narrowed year on year, but the business still posted an operating loss of ¥207 million, with losses from upfront investment and operations continuing. - FY2019-Q1MitigatedAnnual report
「As a result, due to the recognition of the operating loss and cryptocurrency valuation loss at CCCT mentioned above, revenue from the Cryptocurrency-Related Business was negative ¥57 million (negative ¥313 million in the same quarter of the previous year), and the operating loss was ¥137 million (an operating loss of ¥337 million in the same quarter of the previous year).」
The Cryptocurrency-Related Business remained in a revenue deficit and operating loss, but the revenue deficit narrowed from ¥313 million to ¥57 million and the operating loss from ¥337 million to ¥137 million year on year. - FY2018Operating loss widened, while the revenue deficit narrowedAnnual report
「As a result, revenue from the Cryptocurrency-Related Business was negative ¥80 million, and the operating loss was ¥671 million.」
The revenue deficit in the Cryptocurrency-Related Business narrowed from negative ¥231 million in the cumulative third quarter to negative ¥80 million, while the operating loss widened from ¥587 million to ¥671 million. - FY2018-Q3WorsenedAnnual report
「As a result, revenue from the Cryptocurrency-Related Business was negative ¥231 million, and operating profit was negative ¥587 million.」
In the Cryptocurrency-Related Business, the loss widened from an operating loss of ¥469 million in the cumulative previous quarter to ¥587 million. The disclosures cite higher upfront investment costs for the platform system and the impact of operating gains and losses. - FY2018-Q2First statedAnnual report
「In terms of profit, operating expenses increased due to upfront investment in the cryptocurrency platform system. As a result, revenue from the Cryptocurrency-Related Business was negative ¥322 million, and operating profit was negative ¥469 million.」
In the Cryptocurrency-Related Business, higher expenses from upfront investment in the platform system coincided with losses from cryptocurrency operations, resulting in a revenue deficit of ¥322 million and an operating loss of ¥469 million.