Komori
Anap Holdings (3189) · RiskMaterialised

Bitcoin price, regulatory and market volatility risks

First written in FY2025. 9 of 13 entries say "Materialised", first in 2026-03-13. Latest entry: 2026-10-17.

13entries
2years
10from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2025Materialised2026-04-17 – 2026-10-152025: 120252026: 122026
Same theme, other companies
Price and Asset-Safekeeping Risks in Cryptocurrency InvestmentA theme 17 companies write about · 18 as a headwind · 0 as a tailwind

Anap Holdings moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.

The whole theme swung hardest in 2023: 5 of 6 companies on the "Worse" side.

8 other companies' latest entry also says "Materialised".

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.
Showing 14 of the 17 companies compared. The sentences above are computed from all 17.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-17Materialisedfinance.yahoo.co.jp

    「ANAPホールディングス announced on the 15th that it had recorded a ¥4.37466 billion valuation loss on crypto assets as a non-operating expense in its consolidated results for the fiscal year ending August 2026, covering September 2025 through August 2026.」

    It was reported that the risk of fluctuations in Bitcoin prices and other factors materialized as an actual valuation loss in the fiscal year ending August 2026.
  2. FY2026-H1MaterialisedAnnual report

    「暗号資産評価損 - 7,880,254」

    当中間期に暗号資産評価損78億8,025万円を営業外費用に計上し、ビットコイン価格等の変動リスクが実際の大幅な損失として発生した。暗号資産残高も16,252百万円から14,289百万円へ減少している。
  3. 2026-03-13MaterialisedShare Issuance and Disposal

    「At present, the decline in market prices has resulted in substantial unrealized losses on the Bitcoin we hold.」

    Unrealized losses actually arose as a result of the decline in Bitcoin prices, and a crypto asset valuation loss of ¥1,965 million was also recorded.
  4. FY2025First statedAnnual report

    「The value of Bitcoin in the investment-related business fluctuates significantly due to various factors, including supply and demand, changes in regulation and policy, media influence, technological changes, and broad domestic and international economic and political trends. Such fluctuations could significantly affect the financial soundness and operating results of our group.」

    The company first disclosed valuation risk arising from price, regulatory, policy, technological, economic and political changes in connection with its new investment-related business holding 1,017.9838 BTC.
Moved together

"Achieving Earnings Recovery" moved the same way as this thread, in the same document, in 5 of its 13 moves.

543322★123456
  1. ★This thread
  2. 1Achieving Earnings Recovery5×
  3. 2Recurring operating and net losses and negative operating cash flow4×
  4. 3Improving the Operating Margin3×
  5. 4Risk of Shareholder-Value Dilution from the Exercise of Stock Acquisition Rights3×
  6. 5Weak demand due to an economic slowdown, yen appreciation and consumer frugality2×
  7. 6Fundamental improvement of profitability and financial condition through business revitalization ADR and DIP financing2×

★ 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
Anap Holdings's next results are scheduled for 2026-10-15. Read the earnings preview It last moved in the Revision of earnings forecasts of 2026-10-15: "Materialised".
Bitcoin price, regulatory and market volatility risks | ANAP HOLDINGS INC. (3189) | Komori