NFT-Related System Monetization and Investment Recovery Risk
First written in FY2023-Q3. 1 of 3 entries say "Materialised", first in FY2023-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2024: 19 of 45 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual 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.」
The subsidiary that owned the NFT-related system was transferred, reducing the Group's exposure to the business. - FY2023RestatedAnnual report
「Because expected revenue from the NFT-related system owned by the Company could no longer be anticipated and recoverability declined, its carrying amount was reduced to its recoverable amount, and the resulting reduction was recorded as an impairment loss under extraordinary losses. As no future cash flows are expected, the recoverable amount has been assessed at zero.」
The annual financial statements also confirmed the impairment loss of ¥28.583 million related to the NFT system, for which no future cash flows were expected and the recoverable amount was assessed at zero. - FY2023-Q3MaterialisedAnnual report
「In addition, because expected revenue from the NFT-related system owned by the Company could no longer be anticipated and recoverability declined, its carrying amount was reduced to its recoverable amount, and the resulting reduction was recorded as an impairment loss under extraordinary losses. As no future cash flows are expected, the recoverable amount has been assessed at zero.」
Because expected revenue from the NFT-related system could no longer be anticipated and no future cash flows were expected, its recoverable amount was assessed at zero and an impairment loss of ¥28.583 million was recorded.