The company recorded an impairment loss of 849 million yen on shares of its subsidiary Mercury Inc., which operates the cryptocurrency exchange CoinTrade. The impairment was necessitated by the subsidiary's net loss in the current period, resulting in a decline in its net asset value. The loss is recorded as a special loss in individual financial statements but will be eliminated in consolidated results.
¥849M
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Summary
The company recorded an impairment loss of 849 million yen on shares of its subsidiary Mercury Inc., which operates the cryptocurrency exchange CoinTrade. The impairment was necessitated by the subsidiary's net loss in the current period, resulting in a decline in its net asset value. The loss is recorded as a special loss in individual financial statements but will be eliminated in consolidated results.