Convano Inc. (TSE Growth: 6574) told its board on July 24, 2026 that it will sell nearly all the crypto assets held across the group, a holding valued at ¥8.77bn as of the end of March 2026. One slice is exempt: tokens set aside to cover the company's shareholder-benefit perk program will keep sitting on the balance sheet rather than go to market.
The company's own words for why: the crypto holdings carry "large price volatility risk," and that volatility has a non-trivial effect on the group's financial condition. Management wants to stabilize the balance sheet and improve capital efficiency, and it intends to sell into whatever window of decent market conditions appears, then push the proceeds toward higher-growth, higher-margin business investment and shareholder returns.
On timing, Convano is giving itself roughly three months from the July 24 announcement to get the sale done, aiming to move as quickly as conditions allow. The company says it will watch market liquidity and pricing and try to sell at the best achievable price, which could mean splitting the sale into tranches depending on how the market behaves. Execution will run under Convano's internal rules and risk-management framework, though the filing does not name specific venues, counterparties, or price targets.
What happens to the cash is still open. Convano says it has not yet decided how to deploy the sale proceeds and will disclose specifics once its capital policy and financial position are worked out. On earnings, the company argues the immediate hit should be limited: because the crypto holdings were already marked to market at the end of the prior fiscal year, with valuation gains and losses already booked, the sale itself should add only a minor effect to the current period's results. That claim rests on Convano's own accounting characterization rather than an independent figure in the filing, and no execution prices or expected proceeds are disclosed.