Fair-Value Measurement of Cryptocurrency and Gross Presentation of Customer Assets Held in Custody
First written in FY2018. 2 of 7 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026.
Remixpoint moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2020: 1 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Cryptoassets held, excluding cryptoassets held in custody for depositors: ¥771 million. Cryptoassets lent: ¥14,970 million. Total: ¥15,741 million.」
The accounting and disclosure presentation has shifted from the gross presentation of customer assets held in custody during the cryptocurrency exchange business period to recognizing cryptoassets held for the Company's own account and cryptoassets lent to third parties after exiting the exchange business. - FY2025ReframedAnnual report
「Cryptocurrency held, excluding cryptocurrency held in custody for depositors: ¥68 million; ¥8,674 million. Cryptocurrency held in custody for depositors: ¥— million; ¥— million.」
The fair value measurement policy for cryptoassets continues, but the accounting presentation has changed from the gross presentation of customer assets held in custody during the cryptocurrency exchange business period to recognizing only cryptoassets held by the financial investment business for its own account. - FY2020AdvancedAnnual report
「Market prices and other data used to measure cryptocurrency at the end of the period were previously based on the final price on the exchange operated by 株式会社ビットポイントジャパン at 16:00 on the balance sheet date (31 March). From the current fiscal year, the Company has changed this to the final price at 24:00 on the balance sheet date (31 March).」
While continuing to measure cryptocurrency at fair value and recognize customer assets held in custody on a gross basis, the Company changed the measurement time at the end of the period from 16:00 to 24:00. - FY2019RestatedAnnual report
「Cryptocurrency held at the end of the period is measured at fair value based on market prices and other relevant data on the balance sheet date. Customer assets (cryptocurrency) deposited by customers are recognized as assets on the consolidated balance sheet, with an equal amount recognized as a liability.」
The Company continues to measure cryptocurrency at fair value and recognize customer assets held in custody as both assets and liabilities. - FY2019-Q2RestatedAnnual report
「The Company adopted the "Interim Treatment of Accounting for Cryptocurrency under the Payment Services Act" (Accounting Standards Implementation Guidance No. 38, 14 March 2018) from the first quarter. Because an active market exists for cryptocurrency held by the Company's consolidated subsidiary, it is recognized on the consolidated balance sheet at an amount based on market prices, with the difference from its carrying amount recognized as revenue.」
The Company continues to disclose the recognition as revenue of the difference between the market value and carrying amount of cryptocurrency, a treatment adopted from the first quarter. - FY2019-Q1AdvancedAnnual report
「The Company adopted the "Interim Treatment of Accounting for Cryptocurrency under the Payment Services Act" (Accounting Standards Implementation Guidance No. 38, 14 March 2018) from the first quarter. Because an active market exists for cryptocurrency held by the Company's consolidated subsidiary, it is recognized on the consolidated balance sheet at an amount based on market prices, with the difference from its carrying amount recognized as revenue.」
The Company adopted Accounting Standards Implementation Guidance No. 38 from the first quarter for recognizing as revenue the difference between the market value and carrying amount of cryptocurrency, and applied it retrospectively to prior years. - FY2018First statedAnnual report
「Cryptocurrency held at the end of the period is measured at fair value based on market prices and other relevant data on the balance sheet date. Customer assets (cryptocurrency) deposited by customers are recognized as assets on the consolidated balance sheet, with an equal amount recognized as a liability.」
The Company disclosed its accounting treatment of measuring cryptocurrency at fair value based on market prices and other relevant data on the balance sheet date, and recognizing customer cryptocurrency held in custody as liabilities equal to the corresponding assets.