Subscription for Capital Increase and Working Capital Support for Cryptocurrency Subsidiary
First written in FY2017-Q2. 5 of 12 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1DroppedAnnual report
「After transferring all shares of 株式会社ビットポイントジャパン, hereinafter “BPJ,” to the SBI Group on 31 March 2023, we discontinued the business following a resolution of the Board of Directors on 12 May 2023 in order to promote the restructuring of our business portfolio and concentrate management resources.」
Under the former structure based on providing capital and financial support to BPJ, all shares were transferred to the SBI Group on 31 March 2023, and the financial-related business was discontinued on 12 May 2023. - FY2023-Q3DroppedAnnual report
「To use management resources more efficiently, we have decided to transfer all BPJ shares held by us, representing a 49% ownership interest, to SBICAH.」
The company shifted from a policy of holding BPJ based on providing capital and financial support to a policy of transferring all remaining 49% of the shares on 31 March 2023. - FY2022ReframedAnnual report
「Transfer of 51% of BPJ shares to an SBI group company」
The company shifted from a wholly owned subsidiary structure based on providing capital and financial support to BPJ to a policy of transferring 51% of BPJ shares to the SBI Group and reducing its ownership interest to 49%. - FY2021-Q2RestatedAnnual report
「The uses of funds are as follows: a Strengthening the financial base to restore the equity capital soundness of 株式会社ビットポイントジャパン, a subsidiary; b Additional development of the transaction system and enhancement of system infrastructure in the financial-related business; c Strengthening risk management and the compliance framework in the financial-related business; d Increasing funds for electricity procurement in the electricity trading business; e Funding new business development in the energy-related business」
It continues to state that funds raised through stock acquisition rights will be allocated to BPJ's equity capital, systems and risk management in the financial-related business, electricity procurement and new energy-related businesses. - FY2020AdvancedAnnual report
「a Strengthening BPJ's financial base to restore its equity capital soundness (investment in BPJ), ¥1,311 million” b Additional development of the transaction system and enhancement of system infrastructure in the financial-related business (investment in and loans to BPJ), ¥800 million” c Strengthening risk management and the compliance framework in the financial-related business (investment in and loans to BPJ), ¥200 million」
It presented plans to allocate ¥2,311 million of the funds raised through the 13th Series of Stock Acquisition Rights to restoring BPJ's equity capital soundness, enhancing its transaction system and infrastructure, and strengthening risk management and the compliance framework. - FY2020-Q3AdvancedAnnual report
「The ¥4,039 million raised comprised ¥1,530 million to strengthen BPJ's financial base and restore its equity capital soundness through an investment in BPJ, ¥800 million for additional development of the transaction system and enhancement of system infrastructure in the financial-related business through investment in and loans to BPJ, and ¥200 million to strengthen risk management and the compliance framework in the financial-related business through investment in and loans to BPJ.」
It disclosed plans to allocate ¥2,530 million of the funds raised through the 12th Series of Stock Acquisition Rights to restoring BPJ's equity capital soundness, enhancing its transaction system and infrastructure, and strengthening risk management and the compliance framework. - FY2020-Q1ReframedAnnual report
「The funds raised were initially planned to be used to strengthen BPJ's financial base to facilitate settlements in its cryptocurrency exchange business. However, following the incident described in 1 above, BPJ reviewed its initial investment plan and decided to prioritize responding to the incident, including implementing measures to prevent recurrence.」
The use of funds for support to BPJ changed from the initially planned strengthening of its financial base to facilitate settlements to responding to the unauthorized outflow of cryptocurrency and implementing measures to prevent recurrence. - FY2019AdvancedAnnual report
「We acquired shares from non-controlling interests, making it a wholly owned subsidiary.」
On 8 March 2019, we acquired BPJ's non-controlling interests and made BPJ a wholly owned subsidiary. - FY2018AdvancedAnnual report
「Regarding 株式会社ビットポイントジャパン, capital increases were conducted on 26 May 2017, 15 November 2017 and 10 January 2018. “As a result of the acquisition of shares dated 31 July 2017, our ownership interest increased from 97.7% to 99.79%.」
Multiple capital increases were conducted for BPJ, and our ownership interest rose to 99.79%. - FY2017RestatedAnnual report
「株式会社ビットポイントジャパン (Note) 1, Meguro-ku, Tokyo, ¥170 million, financial-related business, 97.0%, ① subleasing of office space, ② concurrent service by directors, ③ financial assistance provided」
It continues to disclose the financial assistance relationship with 株式会社ビットポイントジャパン. - FY2017-Q3AdvancedAnnual report
「The main factors included increases of ¥250 million in shares of affiliated companies, ¥177 million in trade receivables, ¥40 million in short-term loans receivable, and ¥39 million in lease and guarantee deposits, as well as decreases of ¥241 million in cash and deposits and ¥54 million in merchandise and finished goods.」
Compared with the end of the previous fiscal year, shares of affiliated companies increased by ¥250 million and short-term loans receivable increased by ¥40 million, indicating that capital and financial support provided to affiliated companies was reflected in the financial position. The text does not specify the counterparties or the individual circumstances behind the increases. - FY2017-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 11 October 2016, we resolved to subscribe to a third-party allotment of shares by 株式会社ビットポイントジャパン, our non-consolidated subsidiary not accounted for under the equity method, and paid the full subscription amount on 14 October 2016. The subscription amount was ¥100 million, post-capital-increase capital was ¥170 million, and the post-capital-increase shareholder structure was 97.01% held by us and 2.99% held in total by business partners of other subsidiaries, comprising 2 companies. Based on a resolution of the Board of Directors held on 27 September 2016, we entered into an agreement on 17 October 2016 to establish a lending facility for 株式会社ビットポイントジャパン. The facility amount was ¥200 million, the agreement period was from 17 October 2016 to 17 October 2017, with automatic renewal, and we made a ¥20 million loan under the agreement on 17 October 2016.」
We subscribed to a ¥100 million third-party allotment of shares by a subsidiary that had commenced cryptocurrency trading, established a ¥200 million working capital lending facility and drew down ¥20 million.