#Cryptocurrency #Japan #Tokyo #asset sale #Convano

Convano Completes Sale of Digital Assets

Convano Inc., headquartered in Shibuya, Tokyo, has made a significant decision to improve its financial stability by selling its holdings in digital assets. According to a recent announcement on July 24, 2026, the company and its consolidated subsidiaries have successfully completed the sale on August 10, 2026. This action was taken to mitigate the financial impacts driven by the volatility of cryptocurrency prices and to enhance capital efficiency.

Background of the Asset Sale

On July 24, 2026, Convano outlined its strategy regarding the sale of digital assets, deciding to proceed with the sale excluding portions allocated for shareholder benefits under its loyalty program. It acknowledged the substantial risks associated with cryptocurrency price fluctuations, recognizing that holding these assets could significantly affect the firm's financial standing. To reinforce financial stability and optimize capital allocation, the sale was deemed necessary.

Overview of the Sale Completion

As the company navigated market conditions and price trends, the asset sale was finalized on August 10, 2026. The assets sold do not include those allocated for shareholder rewards or those currently provided as collateral. The completion of this sale results in a reported loss of approximately 298 million yen, which will be recorded in the second quarter of the fiscal year ending March 2027. Convano remains committed to holding onto the digital assets related to shareholder rewards while any future return of collateral assets will be handled according to the previously announced sale policy from July 24, 2026.

Financial Implications

The execution of this asset sale resulted in a recorded loss of about 298 million yen, which will be reflected in the financial statements for the second quarter of the fiscal year. Despite this setback, the company is resolute in its goal to secure a stable financial foundation and enhance capital efficiency. Furthermore, Convano plans to ensure optimal allocation of resources to promote sustainable growth and increase corporate value.

About Convano Inc.

Convano Inc. operates under the corporate philosophy of "Creation Of New Value And New Opportunities." The company is primarily involved in AI and digital transformation (DX) consulting services, supporting business growth and operational transformation for enterprises. Leveraging extensive experience and data utilization expertise, Convano engages in AI system development, DX promotion, and management and marketing consultancy, while also expanding into new business domains, including healthcare.

In addition to its consulting operations, Convano runs the nail service chain FASTNAIL, using practical knowledge gained from the business world to provide effective solutions and contribute to sustainable corporate value improvement. The wide-ranging activities of Convano reflect its commitment to fostering new opportunities and advancements in technology and business practices.

For more information, visit the corporate website at Convano.