Policy of making the stabilization of earnings from the financial services business the top priority
First written in FY2019. 6 of 17 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1DroppedAnnual report
「As the financial services business was also discontinued on 12 May 2023, it has been included in “Other Businesses” from the first quarter of the current fiscal year, and its income has been recorded under non-operating income and expenses.」
With regard to the previous goal of making earnings stabilisation the most important challenge for the financial services business, the business itself was discontinued and the structure was changed so that gains and losses related to crypto-assets would be treated as non-operating income and expenses. - FY2023-Q3ReframedAnnual report
「BPH’s revenue consists of system usage fee income received from BPJ and valuation gains and losses on crypto-assets held. From the second quarter of the current fiscal year onward, system usage fee income was ¥105 million, while the valuation loss on crypto-assets held was ¥10,900. As of the end of December 2022, investments made by our financial services division in crypto-asset-related businesses comprised investments in gumi Cryptos Capital Fund 1, gumi Cryptos Capital Fund 2, B Cryptos Fund and BLOCKTOWER CAPITAL LLC, for a total of 4 investments. In the first 3 quarters of the current fiscal year, income from these investments totalled ¥59 million, and the investment balance, stated at its carrying amount on the consolidated balance sheet, was ¥493 million.」
Following BPJ’s transition to equity-method accounting, the financial services business was given a concrete structure combining BPH’s system usage fees and crypto-asset valuation gains and losses, the share of profit from investments accounted for using the equity method, and crypto-asset-related investment income. - FY2023-Q2ReframedAnnual report
「From the second quarter of the current fiscal year, revenue from the financial services business will consist primarily of sales by 株式会社ビットポイント・ホールディングス, our wholly owned subsidiary, hereinafter referred to as “BPH,” and investment income from the crypto-asset-related business conducted by our financial services division. Going forward, BPJ’s results will be recognised as the share of profit or loss of investments accounted for using the equity method under non-operating income and expenses.」
The composition used to assess earnings stabilisation in the financial services business changed from being centred on transaction income at consolidated subsidiary BPJ to a composition including system usage fees from BPH, crypto-asset-related investment income and BPJ’s share of profit or loss of investments accounted for using the equity method. - FY2023-Q1AdvancedAnnual report
「As a result, segment revenue was ¥842 million, up 20.9% year on year, and segment profit (ordinary profit) was ¥386 million, up 94.1% year on year.」
Through expanding customer services, improving operational efficiency and controlling selling, general and administrative expenses, the financial services business generated revenue of ¥842 million and segment profit of ¥386 million, demonstrating improvement toward earnings stabilisation. - FY2022AdvancedAnnual report
「As a result, segment revenue was ¥10,767 million, up 739.0% year on year, and segment profit (operating profit) was ¥7,612 million, compared with an operating loss of ¥260 million in the previous consolidated fiscal year.」
For the financial services business, which had identified earnings stabilisation as its most important challenge, revenue increased significantly and the business moved from an operating loss of ¥260 million to operating profit of ¥7,612 million. - FY2022-Q3AdvancedAnnual report
「As a result, segment revenue was ¥7,357 million, compared with ¥513 million in the same period of the previous year, and segment profit (operating profit) was ¥5,433 million, compared with a segment loss (operating loss) of ¥627 million in the same period of the previous year.」
For the financial services business, which had identified earnings stabilisation as a challenge, revenue increased from ¥513 million to ¥7,357 million, and the business moved from an operating loss of ¥627 million to operating profit of ¥5,433 million. - FY2022-Q2AdvancedAnnual report
「As a result, segment revenue was ¥2,006 million, compared with ¥41 million in the same period of the previous year, and segment profit (operating profit) was ¥1,029 million, compared with a segment loss (operating loss) of ¥727 million in the same period of the previous year.」
The financial services business improved from revenue of ¥41 million and an operating loss of ¥727 million in the same period of the previous year to revenue of ¥2,006 million and operating profit of ¥1,029 million, documenting concrete progress in addressing the challenge of stabilising earnings. - FY2022-Q1AdvancedAnnual report
「As a result, segment revenue was ¥696 million, up 1,427.9% year on year, and segment profit (operating profit) was ¥208 million, compared with a segment loss (operating loss) of ¥320 million in the same quarter of the previous year.」
The financial services business moved from an operating loss in the same period of the previous year to an operating profit, while revenue also increased significantly. The disclosure describes specific improvements addressing the challenge of stabilising earnings. - FY2021Revenue up, loss narrowedAnnual report
「This segment recorded revenue of ¥1,283 million, up 72.7% from the previous fiscal year, and a segment loss (operating loss) of ¥260 million, compared with an operating loss of ¥1,033 million in the previous consolidated fiscal year.」
Although revenue from the financial services business and the size of its loss improved, an operating loss of ¥260 million remained, and the challenge of stabilising earnings continues. - FY2021-Q3WorsenedAnnual report
「As a result, this segment recorded revenue of ¥513 million, down 31.0% year on year, and a segment loss (operating loss) of ¥627 million, compared with an operating loss of ¥632 million in the same quarter of the previous year.」
While revenue stabilization remains an issue for the financial-related business, cumulative revenue was ¥513 million, down 31.0% year on year, and the operating loss remained at ¥627 million. Revenue increased in the third quarter, but stabilization had not been achieved on a cumulative basis. - FY2021-Q2WorsenedAnnual report
「In the six months ended the second quarter, following the launch of a new system in August 2020, the Company operated the service with priority given to customer awareness and usage promotion rather than revenue generation. As a result, customer trading volume increased, but revenue did not grow. This segment recorded revenue of ¥41 million, down 94.0% year on year, and a segment loss (operating loss) of ¥727 million, compared with an operating loss of ¥278 million in the same quarter of the previous year.」
Although customer trading volume increased in the financial-related business, for which revenue stabilization remains an issue, revenue did not grow. Revenue fell 94.0% year on year to ¥41 million, and the operating loss widened to ¥727 million. - FY2021-Q1WorsenedAnnual report
「In the same quarter of the previous year, the Company recorded revenue of ¥205 million, partly because the reporting obligation related to the business improvement order received from the Kanto Local Finance Bureau on 22 June 2018 concerning the management control system and other matters was lifted on 28 June 2019, and cryptocurrency prices and trading volume rose. In the first quarter of the current year, however, revenue declined partly because customer trading volume was low. As a result, this segment recorded revenue of ¥45 million, down 77.8% year on year, and a segment loss (operating loss) of ¥320 million, compared with a segment loss (operating loss) of ¥321 million in the same quarter of the previous year.」
The financial-related business recorded revenue of ¥45 million, down 77.8% year on year, due to low customer trading volume. The operating loss remained substantial at ¥320 million, indicating continued sharp revenue declines and losses and no progress in revenue stabilization. - FY2020WorsenedAnnual report
「As a result, segment sales were ¥743 million, down 44.4% from the previous fiscal year, and the segment loss (operating loss) was ¥1,033 million, compared with an operating loss of ¥1,237 million in the previous consolidated fiscal year.」
Despite the policy of making the stabilization of financial-related business revenue the highest priority, revenue fell 44.4% in the fiscal year and the business recorded an operating loss of ¥1,033 million. - FY2020-Q3WorsenedAnnual report
「As a result, segment sales were ¥743 million, down 62.9% year on year, and the segment loss (operating loss) was ¥632 million, compared with operating profit of ¥59 million in the same period of the previous year.」
Despite the policy of making the stabilization of financial-related business revenue the highest priority, revenue fell 62.9% year on year and the business turned from profit in the same period of the previous year to an operating loss of ¥632 million. - FY2020-Q2RestatedAnnual report
「As a result, segment sales were ¥702 million, down 67.2% year on year, and the segment loss (operating loss) was ¥278 million, compared with segment profit (operating profit) of ¥1,015 million in the same quarter of the previous year.」
Despite the policy of making the stabilization of financial-related business revenue the highest priority, the business continued to post a substantial year-on-year decline in revenue and an operating loss in the current quarter, indicating that revenue stabilization remains an ongoing issue. - FY2020-Q1WorsenedAnnual report
「As a result, this segment recorded revenue of ¥205 million, down 77.3% year on year, and a segment loss (operating loss) of ¥321 million, compared with segment profit (operating profit) of ¥530 million in the same quarter of the previous year.」
Despite the policy of making the stabilization of financial-related business revenue the highest priority, revenue fell 77.3% year on year and the segment recorded a loss of ¥321 million, turning from profit in the same period of the previous year to a loss. - FY2019First statedAnnual report
「For the time being, the Group considers stabilizing earnings from the financial-related business, which began full-scale operations in 2017 and has a significant impact on Group performance, to be its top priority. However, because the segment is subject to many uncertainties, including trends in the cryptocurrency market, it has not set specific management indicators as targets so that it can make flexible management decisions.」
The Company has identified the stabilization of revenue from the financial-related business as its highest-priority issue for the time being, replacing a specific KPI used previously.