Unbanked,Inc.
Notice Regarding Termination of Crypto Asset Business and Dissolution/Liquidation of Consolidated Subsidiaries
Decision made to terminate the crypto asset business and dissolve/liquidate consolidated subsidiaries. Targets are Kinka (BVI), Ltd. and three other entities. Sales contribution is expected to be negligible; handling to be discontinued in October 2026, and dissolution/liquidation expected to be completed by the end of March 2027.
Key Figures
- Kinka's share of bullion sales: less than 0.1% (Fiscal 2024)
- Costs associated with termination and dissolution expected to be on the order of a few hundred thousand yen
- Scheduled completion of dissolution: End of March 2027
AI要約
Overview of the Decision
Unbanked,Inc. has decided, following discussions by the new management team effective September 30, 2026, to terminate the crypto asset business and to dissolve and liquidate consolidated subsidiaries. The targets are the overseas subsidiary Kinka (BVI), Ltd. and two related domestic entities: General Incorporated Association Gold Fund and Gold Management LLC, totaling three entities. The termination and liquidation will be carried out sequentially from October 2026 onward, and are scheduled to be completed by the end of March 2027.
Financial Impact and Future Schedule
Sales of the crypto asset "Kinka" represent a very small share—less than 0.1%—of the bullion segment revenue of 8,043 million yen for fiscal 2024, and the impact on performance from termination and liquidation is expected to be minor. Costs associated with the termination are expected to be on the order of a few hundred thousand yen, but additional disclosures may be required depending on circumstances. Handling and cancellation/burn of Kinka will occur in October 2026, and dissolution and liquidation of related entities are expected to be completed between November 2026 and March 2027.
Unbanked,Inc.
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