Ceres Books ¥849 Million Extraordinary Loss on Crypto Subsidiary, No Hit to Group Results

CERES INC. ( (JP:3696) ) just unveiled an announcement.

Ceres Inc. has booked an extraordinary loss of ¥849 million in its non-consolidated results for the year ended December 31, 2025, after recognizing an impairment on shares held in its subsidiary Mercury Inc. The writedown follows a decline in Mercury’s net assets, as the CoinTrade crypto exchange operator remains in a growth investment phase and recorded a net loss for the fiscal year.

The company stressed that this loss will be eliminated at the consolidated level and will not affect its consolidated financial results for 2025. The move clarifies that while the crypto-focused subsidiary is still loss-making as it invests for expansion, the financial impact on the wider Ceres group remains limited for stakeholders evaluating overall group performance.

The most recent analyst rating on (JP:3696) stock is a Hold with a Yen1920.00 price target. To see the full list of analyst forecasts on CERES INC. stock, see the JP:3696 Stock Forecast page.

More about CERES INC.

Ceres Inc., listed on the TSE Prime Market, operates in Japan’s digital and internet services sector, with exposure to crypto assets through its consolidated subsidiary Mercury Inc. Mercury runs the CoinTrade crypto asset exchange platform, positioning Ceres in the growing but volatile digital asset trading market.

Average Trading Volume: 172,611

Technical Sentiment Signal: Hold

Current Market Cap: Yen21.09B

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