Revenue Recognition and Deficit in the Cryptocurrency Exchange Business
First written in FY2019-Q1. 1 of 3 entries say "Dropped", first in FY2020-Q2. Latest entry: FY2020-Q2.
No other company in this theme has enough history to compare yet.
- FY2020-Q2DroppedAnnual report
「The cryptocurrency exchange business, which had been reported as a reportable segment through the second quarter of the previous fiscal year, has been presented as included in Other from the third quarter of the previous fiscal year because all shares of Minna no Bitcoin, which comprised the segment, were transferred.」
Following the transfer of the shares of Minna no Bitcoin, the cryptocurrency exchange business was no longer presented as a separate reportable segment and was instead included in Other. - FY2019-Q2Higher revenue, wider loss and decision to sellAnnual report
「Operating revenue in this segment, operated by Minna no Bitcoin, was ¥5.532 million (¥1.488 million in the same period of the previous year), while the segment recorded a loss of ¥79.910 million (an operating loss of ¥18.846 million in the same period of the previous year).」
Operating revenue in the cryptocurrency exchange business increased, while the segment loss widened to ¥79.910 million. Subsequently, a decision was made to transfer all shares of the company. - FY2019-Q1First statedAnnual report
「Operating revenue in this segment, operated by the subsidiary Minna no Bitcoin Co., Ltd., was ¥4.334 million (¥0.888 million in the same period of the previous year), while the segment recorded a loss of ¥28.325 million (an operating loss of ¥5.250 million in the same period of the previous year).」
Operating revenue in the cryptocurrency exchange business increased from the same period of the previous year, while the segment loss also widened.