Investment in Mining Equipment and Expansion of Processing Capacity
First written in FY2018. 1 of 5 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2019.
3 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual report
「Although the mining business commenced operations in March 2018, performance failed to improve because of declining cryptocurrency trading volumes, stagnant market prices and other factors, and the business was withdrawn in January 2019.」
Against the plan to expand mining equipment capacity and improve efficiency, the Company withdrew from the mining business in January 2019 and disposed of the equipment after recognizing impairment losses. - FY2019-Q3SoftenedAnnual report
「For the time being, the mining business is not expected to operate at full capacity. We plan to continue the business while adjusting operations according to the future environment surrounding cryptocurrencies and mining, although that environment remains uncertain.」
The previous policy of expanding equipment capacity and improving efficiency has given way to a less ambitious plan not to operate at full capacity for the time being and to adjust operations according to the environment. - FY2019-Q2RestatedAnnual report
「In the fintech business, we will work on marketing activities and other measures to increase the number of accounts and trading value at the cryptocurrency exchange opened in Hong Kong, while also seeking to further improve mining efficiency.」
The policy of further improving mining efficiency continues to be presented alongside marketing activities aimed at increasing the number of accounts and trading value at the Hong Kong exchange. No new actual figures for capacity or capital investment are provided. - FY2019-Q1AdvancedAnnual report
「The mining business commenced operations on 1 March 2018.」
Regarding the mining equipment expansion plan, the filing indicates that the mining business actually commenced operations on 1 March 2018. - FY2018First statedAnnual report
「㈱マイニングワン, head office (Naha, Okinawa Prefecture); mining equipment; planned investment: ¥1,542.758 million; start date: April 2018; scheduled completion: September 2019; capacity increase after completion: 1,800 sets (current capacity: 125 sets)」
A capital investment plan of approximately ¥1.5 billion for the Okinawa mining business is specified for the first time, aimed at expanding capacity from the current 125 sets to 1,800 sets.