Discontinuation of the Fintech Business and Outsourcing of Cryptocurrency Exchange Operations
First written in FY2021-Q1. 1 of 4 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1RestatedAnnual report
「We will secure the business funds that will be required in the future by using funds obtained through financing and cash on hand, while considering additional financing as necessary.」
The policy of securing business funds through the use of funds already raised and cash on hand, together with consideration of new financing as necessary, has been reiterated. - FY2021-Q3AchievedAnnual report
「On 31 August 2020, our Group transferred the businesses of 2 cryptocurrency exchanges it operated in Hong Kong and Singapore, and completed the discontinuation of the Fintech Business at the end of December 2020.」
Following the transfer of the businesses of the 2 cryptocurrency exchanges operated in Hong Kong and Singapore, completion of the discontinuation of the fintech business was explicitly stated, indicating that the exit measures had reached the completion stage. - FY2021-Q2AdvancedAnnual report
「The “Fintech Business” was decided to be discontinued by the end of December 2020 at a meeting of the Company's Board of Directors held on 10 July 2020. The transfer of the businesses of the 2 cryptocurrency exchanges operated by the Group was completed at the end of August 2020. Going forward, the Group will seek to promptly discontinue the business while reducing the associated costs.」
As part of the discontinuation of the fintech business, the transfer of the businesses of the 2 cryptocurrency exchanges operated in Hong Kong and Singapore was completed at the end of August 2020. The discontinuation of the business by the end of December 2020 remained scheduled. - FY2021-Q1First statedAnnual report
「At a meeting of the Company's Board of Directors held on 10 July 2020, it was decided that the fintech business would be discontinued by the end of December 2020. Around August 2020, operation of the cryptocurrency exchange will be transferred to an external provider, with the aim of promptly discontinuing the business while reducing the associated costs.」
The decision to discontinue the fintech business is documented for the first time, together with a new exit measure under which operation of the cryptocurrency exchange will be transferred to an external provider around August 2020, with the business to be discontinued by the end of December 2020.