Entry into the comprehensive consulting business for blockchain technology
First written in FY2019-Q1. 3 of 7 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2020-Q3.
No other company in this theme has enough history to compare yet.
- FY2020-Q3DroppedAnnual report
「As stated in the announcement released on 14 February 2020, titled “Notice Regarding the Termination of the Comprehensive Business Alliance Agreement with BGL and Blockshine for the Joint Development of the Blockchain Business in Japan and Withdrawal from the Blockchain-Related Business,” we withdrew from the blockchain-related business.」
The company ceased pursuing its entry into and development of a comprehensive consulting business for blockchain technology upon withdrawing from the business. - FY2020-Q2RestatedAnnual report
「In the ICO consulting business, there were no new inquiries due to the sluggish ICO market.」
The ICO consulting business has continued to receive no new inquiries. Meanwhile, the company states that the blockchain-related business as a whole expanded through its custody services. - FY2020-Q1No new inquiriesAnnual report
「In the blockchain-related business, we began custody services in April 2019. Meanwhile, as stated above, ICO consulting revenue was ¥50 million and the business recorded an operating loss of ¥37 million due to the recognition of an allowance for doubtful accounts and the absence of new inquiries.」
The blockchain-related business continued, but the ICO consulting business received no new inquiries and recorded an operating loss, including the recognition of an allowance for doubtful accounts. - FY2019AdvancedAnnual report
「We launched the blockchain-related business in August 2018 for blockchain consulting and ICO consulting. Although market conditions for ICOs were favorable when the business was launched, funds raised through ICOs worldwide amounted to approximately $120 million in the first quarter of 2019 (January to March), falling to less than one-sixtieth of the $6.9 billion recorded in the same period of 2018 (approximately ¥757 billion). As a result, the number of consulting orders received during the current consolidated fiscal year remained at 2, of which 1 was terminated midway through the contract.」
The blockchain-related consulting business received 2 orders and recorded annual revenue of ¥63 million. While order results after the launch of the business were quantified, the sharp decline in ICO market conditions resulted in an operating loss of ¥32 million. - FY2019-Q3AdvancedAnnual report
「In the blockchain-related business, our consolidated subsidiary Blockshine Japan株式会社 received 2 orders for end-to-end consulting services, including platform construction using blockchain technology and token sales for fundraising. As a result, revenue was ¥45 million, while front-loaded investment associated with the launch of the business resulted in an operating loss of ¥9 million.」
The blockchain-related business received 2 orders for end-to-end consulting services, including platform construction and token sales, and recorded revenue of ¥45 million. Front-loaded investment associated with the launch of the business resulted in an operating loss of ¥9 million. - FY2019-Q2AdvancedAnnual report
「During the current second quarter consolidated accounting period, Blockshine Japan株式会社 and Blockshine Singapore Pte, Ltd were established, and the blockchain-related business operated by these companies was newly added as a reportable segment.」
The blockchain business planned in the previous quarter was implemented through the establishment of a Japanese entity and a Singapore entity, their inclusion in the scope of consolidation, the launch of operations from September 2018 and designation as a reportable segment. The business recorded an operating loss of ¥4 million due to front-loaded investment at launch; the alliance included consulting for platform construction, support for fundraising through ICOs, and the accumulation of expertise and strengthening of personnel. - FY2019-Q1First statedAnnual report
「On 20 July 2018, we entered into comprehensive business alliance agreements with Blockchain Global Limited and Blockshine Technology Corporation Pty Ltd, both of which have strengths in blockchain technology. We will newly establish a subsidiary to jointly develop a comprehensive consulting business for blockchain technology.」
The company first disclosed plans to establish Blockshine Japan株式会社 for joint development, based on comprehensive business alliances with 2 companies that have strengths in blockchain technology. The subsidiary was scheduled to be established on 24 August 2018, with capital of ¥50 million, 200,000 total issued shares and 100% funding by the company.