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Eole corrects crypto-asset accounts, leaves a ¥528 million loss and a rebound target

A correction to crypto-asset accounting and presentation left the year to March with JPY 14,159m of sales, JPY 211m of operating profit and a JPY 528m net loss. The company says the issue was classification, not new transactions, and now guides for JPY 1,270m of net income in the coming year.

Jun 10, 20261 min read
Editorial illustration of digital asset tokens flowing through separate custody, lending and borrowing channels into a balance-sheet grid.

Eole has redrawn the profit picture for the year to March 2026 after revisiting how it accounts for crypto-asset transactions. The corrected figures show ¥14.159 billion in sales, ¥211 million in operating profit, a ¥506 million ordinary loss and a ¥528 million net loss attributable to owners of the parent.

The company said the issue was presentation and accounting treatment, not a fresh round of crypto deals. After additional review, it revised item names and classifications for crypto assets, lending positions and related accrued interest. Eole said the changes were meant to show more clearly whether assets were entrusted to third parties, lent to counterparties for operation, or reflected as borrowed crypto assets, and that the underlying transaction substance did not change.

That still matters for readers, because the clean-up changed reported profit and loss for the year just ended. Even with operating profit still positive, the corrected accounts leave Eole in the red. Management is nonetheless guiding for a sharp turnaround in the year ending March 2027, with sales of ¥25.552 billion, operating profit of ¥1.142 billion and net income of ¥1.27 billion.