Launch of a Digital Currency Trading and Settlement Business

「The affiliate 株式会社ディーカレットDCP promoted a project for the planned issuance of tokenized deposits by JAPAN POST BANK Co.,Ltd. in the next fiscal year, as well as collaboration with several other financial institutions and operating companies.」

「In new business areas, the company’s affiliate 株式会社ディーカレットDCP (*7) began considering the launch of tokenized deposit services during fiscal 2026 with JAPAN POST BANK Co.,Ltd. and (*8) foreign-currency transactions involving tokenized deposits with 株式会社SBI新生銀行 and Partior Pte. Ltd. (*9).」

「The Company's affiliate 株式会社ディーカレットDCP (*8) began commercializing Japan's first digital currency, DCJPY (*9), in August 2024. In September, 株式会社ディーカレットホールディングス raised a total of ¥6.35 billion through a third-party allotment to its business partners (*10).」

「Our equity-method affiliate DeCurret DCP, Inc. plans to begin providing issuance and payment services for digital currency (DCJPY) in non-fossil certificate trading in July 2024, as Japan's first digital currency service.」

「In the new business field, 株式会社ディーカレットDCP (*8), an equity-method affiliate of the Company, finalized July 2024 as the scheduled start date for providing services for a practical project involving the issuance and circulation of Japan's first digital currency, DCJPY, and settlement.」

「DeCurret, Inc. provided cryptocurrency trading services from April 2019, but sold its cryptocurrency business company in February 2022. Our current equity-method affiliate DeCurret Holdings, Inc. and its subsidiary DeCurret DCP, Inc. therefore decided to focus exclusively on the digital currency business.」

「In the new business field, a subsidiary of ディーカレットホールディングス (*11), an equity-method affiliate, obtained a patent for the “Two-Tier Digital Currency Platform (*12)” and is conducting demonstration projects and other activities toward the scheduled full-scale service launch in the fourth quarter of fiscal 2023.」

「Equity-method investment loss for the cumulative third-quarter consolidated period was ¥1,056 million, compared with a loss of ¥727 million in the same period of the previous year. This included an equity-method loss of ¥1,332 million relating to DeCurret Holdings, Inc., including a ¥484 million loss recognized in connection with the sale of the crypto-asset business dated 1 February 2022.」

「In new businesses, ディーカレット, an equity-method affiliate, has been conducting multiple demonstration projects related to digital currencies with various operating companies. During the fiscal year, it began demonstration projects for settlement of electricity P2P transactions (*10) with The Kansai Electric Power Company,Incorporated and for issuing digital currency with 大同生命保険㈱.」

「In the new business, DeCurret, an equity-method affiliate handling digital currencies, launched spot cryptocurrency trading in April and margin trading services in August.」

「In the new business field, ディーカレット, an equity-method affiliate, conducted a third-party allotment to leading domestic businesses, increasing its stated capital and capital surplus to a total of ¥8.63 billion, with the Company's ownership interest at 30%.」

「In new businesses, ディーカレット, an equity-method affiliate engaged in digital currency, became the first new entrant to be registered as a cryptocurrency exchange operator since the Financial Services Agency resumed registrations, and began offering cryptocurrency trading services for investors in April this year.」

「At DeCurret, Inc., an equity-method affiliate engaged in as a new business, system and operational development for the launch of digital currency trading services were completed as planned, and preparations for the service launch are under way.」

「At DeCurret, Inc., an equity-method affiliate engaged in as a new business, staffing is being expanded in stages, while system and operational development and preparations for registration as a cryptocurrency exchange operator are progressing in line with the plan for a service launch during the current fiscal year.」

「We established DeCurret, Inc. (35% equity interest) and began developing the systems and operations required to provide digital currency trading services, scheduled to launch in the second half of fiscal 2018, and payment services, scheduled to launch in fiscal 2019, as well as preparing for registration as a cryptocurrency exchange operator.」

「The company plans to develop digital currency trading and payment functions based on the high-speed currency trading system we provide to foreign exchange trading firms, online banks and securities companies. It plans to begin providing primarily retail-focused digital currency trading and wallet functions in the second half of fiscal 2018, followed by digital currency payment services primarily for stores and e-commerce sites using B2B2C and B2C models in fiscal 2019.」