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Mbk (3121) · InitiativeImpairment loss recognized due to the decline in the price of BitcoinLatest Share Issuance and Disposal (2026-06-19): "Cited as achieved"

Opening a Cryptocurrency Exchange in Hong Kong

First written in FY2019-Q2. 3 of 11 entries say "Reframed", first in FY2020. Latest entry: 2026-06-19.

11entries
9years
1from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseReframedFY2019-Q2 – FY2021WorsenedFY20232018: 12019: 020192020: 120202021: 120212022: 220222023: 220232024: 020242025: 120252026: 32026
Same theme, other companies
Establishment and operation of a cryptocurrency exchangeA theme 8 companies write about · 1 as a headwind · 6 as a tailwind

Mbk moved to the "Worse" side of this theme in 2018.

The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.

0 other companies' latest entry also says "Cited as achieved".

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. 2026-06-19Cited as achievedShare Issuance and Disposal

    「The company allocated part of the funds raised through the new shares issued on 14 July 2025 to the purchase of ¥299 million of Bitcoin to strengthen an investment business utilizing crypto assets, including real estate settlement services using Bitcoin, partly as an asset-preservation measure against the prolonged depreciation of the yen and inflation」

    The company cited the actual purchase of Bitcoin using raised funds in a timely disclosure concerning its crypto-asset initiatives.
  2. FY2027-H1Impairment loss recognized due to the decline in the price of BitcoinAnnual report

    「However, due to the decline in the price of Bitcoin, an impairment loss on crypto assets of ¥94 million was recorded as a non-operating expense, resulting in」

    The crypto asset initiative progressed from holding Bitcoin to recording a ¥94 million impairment loss following the decline in its price.
  3. FY2025ReframedAnnual report

    「Crypto assets held (excluding crypto assets held in custody for depositors) - 305,049 Bitcoin - - 17.61299 BTC 305,049」

    The form of the crypto asset initiative changed during the fiscal year from postponing the opening of a cryptocurrency exchange and pursuing the NFT and content business to holding and acquiring 17.61299 BTC of Bitcoin valued at ¥305.049 million.
  4. FY2024DroppedAnnual report

    「All shares of the consolidated subsidiary 娯楽TVメディア・コンテンツ株式会社, which operated that business, were transferred on 17 September 2024.」

    All shares in the subsidiary responsible for the NFT and content business were transferred, removing the business from the scope of consolidation.
  5. FY2023WorsenedAnnual report

    「As a result of recording an impairment loss of ¥136 million as an extraordinary loss due to the withdrawal from the internet café business at the end of May 2023 and the resulting loss of expected revenue from copyright license fees held by the consolidated subsidiary 娯楽TVメディア・コンテンツ株式会社, net loss attributable to owners of the parent was ¥66 million.」

    The shortfall in expected revenue from the new NFT and content businesses surfaced as an impairment loss of ¥136 million on copyright license fees and other assets.
  6. FY2023-Q3AdvancedAnnual report

    「Copyright license agreement 1) Agreement date: 30 September 2022 2) License term: 10 years from 30 September 2022 3) License fee: ¥300 million」

    A copyright license agreement with a 10-year term and a license fee of ¥300 million was signed for the content and NFT-related business, establishing a concrete business foundation.
  7. FY2023-Q2AdvancedAnnual report

    「Copyright license agreement 1) Agreement date: 30 September 2022 2) License term: 10 years from 30 September 2022 3) License fee: ¥300 million」

    娯楽TVメディア・コンテンツ株式会社 entered into an agreement to obtain a copyright license from the wholly owned subsidiary of アートポートインベスト株式会社. The agreement has a 10-year license term and a license fee of ¥300 million, adding a concrete foundation for the NFT and content business.
  8. FY2023-Q1AdvancedAnnual report

    「Principal reasons for the business combination To develop an amusement business centered on content, including video, characters and publications, as a group, while pursuing synergies such as providing character merchandise to the NFT LaFan platform, which uses a metaverse space and is currently being developed by the Group.」

    The initiative, which had expanded from a cryptocurrency exchange to an NFT platform, was given a more concrete business direction through the acquisition of a content company as a wholly owned subsidiary, combining NFT LaFan with characters, publications and other content.
  9. FY2021ReframedAnnual report

    「We will work on an NFT platform business and a real estate transaction platform business using blockchain technology, and further improve our earnings power so that earnings do not fall below the planned level.」

    Following the postponement of the cryptocurrency exchange opening and collaboration with an Estonian exchange, the scope of the initiative has expanded to blockchain-based NFT and real estate transaction platforms.
  10. FY2020ReframedAnnual report

    「Collaboration with Estonia-based cryptocurrency exchange ANGОO Fintech」

    The scope of the cryptocurrency-related initiative changed from postponing the opening of a cryptocurrency exchange in Hong Kong to collaborating with Estonia-based ANGOO Fintech.
  11. FY2019-Q2SoftenedAnnual report

    「However, in light of the policy environment surrounding the cryptocurrency exchange business in East Asian countries, the opening of a cryptocurrency exchange in Hong Kong will be postponed for the time being. To prioritize the establishment of a stable and robust earnings base, the Company decided to change the use of proceeds from the 15th Stock Acquisition Rights to funds for acquiring rental properties, as follows.」

    The plan to open a cryptocurrency exchange in Hong Kong was postponed for the time being due to the policy environment in East Asian countries. The use of proceeds from the stock acquisition rights, including the planned ¥250 million, was changed to funds for acquiring rental properties.
Moved together

"Risk of fluctuations in financial position and operating results" moved the same way as this thread, in the same document, in 5 of its 11 moves.

544333★123456
  1. ★This thread
  2. 1Risk of fluctuations in financial position and operating results5×
  3. 2Earnings volatility due to lodging contract expirations, lower utilization and renovation spending4×
  4. 3Impact of COVID-19 on Hotel and Leisure Operations and Business Performance4×
  5. 4Expanding Earnings through Sales and Acquisitions of Rental Properties3×
  6. 5Policy of Returning Profits Based on Performance While Securing Retained Earnings3×
  7. 6Shareholder Returns and Improved Capital Efficiency through Share Repurchases3×

★ 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 Mbk yet. It last moved in the Share Issuance and Disposal of 2026-06-19: "Cited as achieved".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Opening a Cryptocurrency Exchange in Hong Kong | MBK Co.,Ltd. (3121) | Komori