Cryptocurrency Price Volatility Risk
First written in FY2019. 3 of 13 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2025.
Axel Mark moved to the "Worse" side of this theme in 2023, 3 years before the typical company in this theme (2026).
The whole theme swung hardest in 2023: 5 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Although the Group intends to continue holding crypto assets from a medium- to long-term perspective, these fluctuations may affect the Group's business and operating results.」
The Group has clarified its policy of continuing to hold crypto assets over the medium to long term as part of its treasury management, rather than merely bearing the price fluctuation risk associated with holding crypto assets, and is increasing its exposure to price movements. - FY2023-Q3Recorded a valuation gainAnnual report
「Crypto asset valuation gain 3,785」
Regarding cryptocurrency price movements, the Company changed from a valuation loss on crypto assets in the same period of the previous year to a valuation gain of ¥3.785 million during the cumulative third-quarter period. - FY2023-Q1MaterialisedAnnual report
「Crypto asset valuation loss 2,106」
Regarding the risk of fluctuations in crypto asset prices, the Company recorded a ¥2.106 million valuation loss on crypto assets during the cumulative first-quarter period. - FY2022Recognition of an Impairment LossAnnual report
「Crypto asset valuation loss ¥5.259 million」
The Company recorded a ¥5.259 million valuation loss on crypto assets as an adjustment item in cash flow from operating activities for the fiscal year. - FY2022-Q3MaterialisedAnnual report
「In addition, significant fluctuations in crypto asset prices affected the Company, resulting in the recording of a valuation loss on the crypto assets it holds as a non-operating expense and, consequently, a quarterly net loss.」
Regarding the risk of fluctuations in crypto asset prices, the Company recorded a valuation loss on crypto assets due to significant market movements, which affected the quarterly net loss. - FY2022-Q2Recorded a valuation gainAnnual report
「Crypto asset valuation gain ¥5.781 million」
Regarding cryptocurrency price movements, the Company recorded a ¥5.781 million valuation gain during the cumulative second-quarter period. - FY2021Recorded a full-year valuation gainAnnual report
「This was due to the recording of a ¥50.591 million valuation gain on crypto assets, among other factors.」
Regarding the risk of fluctuations in crypto asset prices, the Company recorded a ¥50.591 million valuation gain on crypto assets during the fiscal year. - FY2021-Q1Valuation gain recordedAnnual report
「Cryptocurrency valuation gain 8,907」
The Company recorded a valuation gain of ¥8.907 million on cryptocurrency price movements during the cumulative first-quarter period. - FY2020Increase in valuation gainAnnual report
「Cryptocurrency valuation gain ¥39.185 million」
Regarding cryptocurrency price volatility, the company recorded a valuation gain of ¥39.185 million during the period. - FY2020-Q3Increase in valuation gainAnnual report
「Cryptocurrency valuation gain 30,097」
Regarding cryptocurrency price volatility, the company recorded a valuation gain of ¥30.097 million in the first 3 quarters of the current consolidated cumulative period. - FY2020-Q2From valuation loss to valuation gainAnnual report
「Cryptocurrency valuation gain 11,241」
In the second quarter of the current consolidated cumulative period, the company recorded a cryptocurrency valuation gain of ¥11.241 million, a different result from the valuation loss reported in the previous filing. - FY2020-Q1MaterialisedAnnual report
「Cryptocurrency valuation loss 2,457」
In connection with the risk related to cryptocurrency price volatility, the company recorded a cryptocurrency valuation loss of ¥2.457 million in the quarter. - FY2019First statedAnnual report
「Our group operates blockchain games and a blockchain game information media platform, and holds cryptocurrencies for deposits and withdrawals from users and business partners and for fee payments associated with using blockchain technology. Cryptocurrency price volatility arising from various factors may affect our group’s financial position and performance.」
The company holds cryptocurrencies in connection with operating blockchain games and related businesses and identifies the impact of price volatility on its financial position and performance as a new risk.