Change in Presentation Categories for Deposits and Cryptocurrency Due to the Expansion of Cryptocurrency Trading
First written in FY2019-Q2. 2 of 4 entries say "Restated". Latest entry: FY2021-Q2.
2 other companies' latest entry also says "Restated".
- FY2021-Q2RestatedAnnual report
「Cryptocurrency presented under current assets in the previous fiscal year has, from the first quarter, been presented separately as "cryptoassets held for users" for assets held in custody for users, "cryptoassets held for own account" for assets held by the Company, and "cryptoassets pledged as collateral" for assets provided as substitutes for margin to other cryptoasset trading businesses and similar entities.」
In light of the revised Payment Services Act and other developments, the Company continues to present assets held for users, assets held for its own account and assets pledged as collateral separately. - FY2021-Q1ReframedAnnual report
「Cryptocurrency presented under current assets in the previous fiscal year has, from the first quarter, been presented separately as "cryptoassets held for users" for assets held in custody for users, "cryptoassets held for own account" for assets held by the Company, and "cryptoassets pledged as collateral" for assets provided as substitutes for margin to other cryptoasset trading businesses and similar entities.」
Following the revised Payment Services Act's change in terminology from "cryptocurrency" to "cryptoasset" and examples of accounting treatment issued by the industry association, the Company changed its presentation to separately disclose assets held for users, assets held for its own account and assets pledged as collateral. - FY2019RestatedAnnual report
「The Company previously presented fiat currency and cryptocurrency deposited with each cryptocurrency exchange as "security deposits and guarantees" and "investments and other assets (other)," respectively. However, as trading volume increased and deposits and withdrawals became more active in response to customer trading needs, from the current fiscal year the Company changed the presentation to "deposits" and "cryptocurrency," respectively.」
The Company continues to present the balances as deposits and cryptocurrency, reflecting increased cryptocurrency trading volume and more active deposits and withdrawals. - FY2019-Q2First statedAnnual report
「The Company previously presented fiat currency and cryptocurrency deposited with each cryptocurrency exchange as "security deposits and guarantees" and "investments and other assets (other)," respectively. However, as trading volume increased and deposits and withdrawals became more active in response to customer trading needs, from the six months ended the second quarter the Company changed the presentation to "deposits" and "cryptocurrency," respectively.」
In response to increased cryptocurrency trading volume and more active deposits and withdrawals, the Company changed the presentation from security deposits and investments and other assets to deposits and cryptocurrency.