Investment in FISCO Coin and Development of Cryptocurrency-Related Systems

「During the nine months ended the third quarter, we continued the migration to a next-generation system at Zaif from the second quarter, including UI/UX renewal and improved performance for processing large orders. The migration is progressing as planned, and phased deployment has begun. Development related to this system migration is being handled by the Company's subsidiary, ＣＡＩＣＡ Technologies.」

「During the second quarter of the consolidated fiscal period, we continued the migration to a next-generation system at Zaif from the first quarter, including the renewal of the UI (user interface) and UX (user experience) and improvements in the performance of processing large orders. The migration is progressing as planned, and phased deployment is scheduled to begin. Development related to this system migration is being handled by ＣＡＩＣＡ Technologies.」

「Development related to various marketing initiatives at the Zaif crypto asset exchange is increasing, particularly orders for development projects associated with the migration to a next-generation system.」

「Zaif is currently transitioning to a next-generation system, and multiple related development projects have been confirmed.」

「Zaif Exchange is currently transitioning to a next-generation system, with ＣＡＩＣＡテクノロジーズ responsible for the development.」

「Zaif Exchange is considering a next-generation systems development plan, which is expected to contribute to orders from the third quarter onward.」

「There is strong inquiry activity and orders are performing well for projects for the Zaif Exchange crypto asset exchange. However, because many are contract-based projects, revenue is generally expected to be recognized from the second quarter onward.」

「Revenue and profit were strong in cryptocurrency-related system development, reflecting the large number of customization and business support projects received from the cryptocurrency exchange Zaif Exchange.」

「In crypto asset-related systems development, in addition to maintenance and modifications for the Zaif Exchange, orders for business support projects have increased, with revenue expected to be recognized from the fourth quarter through the first quarter of the following fiscal year.」

「In cryptocurrency-related system development, we are steadily building a track record through maintenance and modification of the cryptocurrency exchanges Zaif and フィスコ仮想通貨取引所, as well as infrastructure development for an external cryptocurrency exchange system ordered in the second quarter.」

「In cryptocurrency-related systems development, we received an order to sell a cryptocurrency exchange system to an external customer. During the second quarter, only revenue from requirements definition and part of the development costs was recognized, but revenue is expected to be recognized from the third quarter onward.」

「In cryptocurrency-related systems development, orders for technical support projects related to the unauthorized hacking incident at the Zaif crypto asset exchange have increased. We have also steadily built a track record in exchange-related projects, including maintenance and modifications, as well as operational support, for the フィスコ仮想通貨取引所 system, which was provided as a new cryptocurrency exchange system with enhanced security.」

「Following the cryptocurrency theft at the Zaif crypto asset exchange in September 2018, we have undertaken improvements to the Zaif system as technical support.」

「ＣＣＣＴ continued to enhance the functionality and design the infrastructure of the フィスコ仮想通貨取引所 system, and provided it to フィスコ仮想通貨取引所 as a new cryptocurrency exchange system with enhanced security. Following this initial deployment, we will begin selling the cryptocurrency exchange system to external customers.」

「During the second quarter, we worked on enhancing the functionality and designing the infrastructure of the フィスコ仮想通貨取引所 system, as well as developing an art registration and management system using レジストアート's blockchain.」

「The Group aims to become an integrator for all types of cryptocurrency-related systems development. We operate bitcoin and other cryptocurrencies for systems development intended to develop, sell and lease system-trading systems for high-frequency and algorithmic cryptocurrency trading, among other purposes.」

「We currently serve as the development partner for COMSA, an ICO solution for raising funds using tokens, developed by テックビューロ. We are participating in the COMSA development project, focusing primarily on developing smart contracts on Ethereum for issuing and managing CMS tokens.」

「In August 2017, we became the development partner for COMSA, an ICO solution for raising funds using cryptocurrencies, developed by テックビューロ. We will further strengthen our collaboration with テックビューロ and seek to develop as an integrator for all types of cryptocurrency-related systems development.」

「We have steadily built a track record through projects supporting blockchain proof-of-concept testing, the development of the Blockchain Log system applying blockchain technology to attendance management, bitcoin payment development, and the development of an AI stock-price forecasting system, among others.」

「We are steadily building a track record through projects supporting blockchain proof-of-concept testing, development related to bitcoin payments, and development of an AI stock-price forecasting system.」

「In the fintech field, we have made a solid start, receiving orders for bitcoin-related systems development and contracts to support proof-of-concept testing at major companies.」

「In April, we acquired an equity interest in フィスコ仮想通貨取引所, which operates a bitcoin exchange and related businesses. フィスコ仮想通貨取引所 aims to provide one-stop services for all aspects of cryptocurrency, including the development and operation of financial derivatives using cryptocurrencies, B2B services such as corporate bond issuance, and B2C services such as crowdfunding. We will be responsible for developing the systems supporting these businesses.」