#Cryptocurrency #Japan #Tokyo #Convano #FASTNAIL

Convano's Strategic Move: Selling Cryptocurrency Holdings

In a recent extraordinary board meeting, Convano Inc., based in Shibuya, Tokyo, announced a pivotal decision regarding its cryptocurrency assets. The company, led by CEO Ayumu Kamishiro and listed under stock code 6574, will be advancing a plan to liquidate its cryptocurrency holdings, excluding those allocated for shareholder rewards, in a strategic effort to improve its financial stability and capital efficiency.

Background of the Sale Decision

The decision comes in response to the inherent volatility of cryptocurrency prices, which can significantly affect the financial condition of the Convano Group. By selling its crypto assets when market conditions are favorable, Convano aims to redirect its resources towards investments in more profitable and growth-oriented businesses, thereby enhancing its overall financial health.

Given the community's increasing interest in cryptocurrencies, Convano recognizes the necessity to protect its financial standing from potential market fluctuations. The firm believes that selling crypto assets at the right market conditions is prudent, as it will enable them to utilize the proceeds for shareholder returns and future investments.

Outline of the Sale Policy

Convano plans to sell all of its cryptocurrency holdings, regardless of type, as part of its strategy, with the exception of assets needed to fulfill shareholder rewards. As of March 31, 2026, the book value of the assets slated for sale totals 5118,765,000 (approximately $79.3 million).

Key Details of the Cryptocurrency Sale

• - Assets for Sale: All cryptocurrency holdings of the Convano Group
• - Exclusions: Assets set aside for shareholder reward programs
• - Book Value as of March 31, 2026: 5118,765,000
• - Sale Period: Aiming for completion within approximately three months from today
• - Method of Sale: To be determined based on market liquidity and price trends
• - Execution Framework: Conducted following internal regulations and risk management protocols

The firm will actively monitor market conditions to ensure a swift and profitable sale of its assets, potentially implementing a phased approach to mitigate risks associated with market volatility.

Use of Sale Proceeds

While Convano has prioritized the sale of cryptocurrency holdings, the company is still evaluating the potential uses for the proceeds. Plans include reinvesting in growth-oriented and profitable businesses, as well as using funds for shareholder returns. The specifics concerning the utilization of funds will be disclosed as decisions are made, ensuring transparency with stakeholders.

Future Outlook and Impact on Performance

The sale of these cryptocurrency assets may incur gains or losses; however, due to prior fiscal year-end evaluations of these assets, the immediate impact of the sale on current performance is expected to be minimal. Convano remains committed to strengthening its financial base and optimizing capital efficiency while properly allocating managerial resources to sustain long-term growth and enhance corporate value.

About Convano Inc.

Convano Inc. embodies the philosophy of 'Creating New Value and Expanding Opportunities' through its nationwide fast nail service chain, FASTNAIL. Leveraging expertise in digital marketing and AI systems, Convano is actively engaged in the beauty and lifestyle sector. The company is also taking significant steps to establish a foothold in the WEB3 infrastructure domain, aiming to position itself as a next-generation platform developer originating from Japan.

For more information, visit Convano's Corporate Website.