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CERES INC. ( (JP:3696) ) just unveiled an update.
CERES INC. has recorded extraordinary losses due to an impairment loss of ¥223 million related to the software and assets of its subsidiary Mercury Inc.’s cryptocurrency exchange, CoinTrade. Additionally, a ¥572 million loss on the valuation of shares in Mercury was noted, although this was eliminated in consolidated financial statements, indicating financial challenges but no impact on consolidated results.
More about CERES INC.
CERES INC. operates in the cryptocurrency industry, primarily focusing on software and assets for cryptocurrency exchanges. The company is positioned in the market through its subsidiary Mercury Inc., which runs the CoinTrade exchange.
YTD Price Performance: 2.58%
Average Trading Volume: 1,698,901
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen36.69B
See more insights into 3696 stock on TipRanks’ Stock Analysis page.