31 Japanese listed companies hold crypto assets to avoid asset shrinkage caused by the depreciation of the yen

On June 21st, it was reported that the number of Japanese listed companies holding cryptocurrency assets continues to rise. According to the latest statistics, as of May 2024, 31 companies have entered the field of cryptocurrency assets, which is double the number of 16 companies three years ago. Among them, companies focused on digital services and game development are particularly noteworthy. At the same time, there is a growing demand to improve Japan's immature accounting and auditing system.

Reportedly, this data was compiled by Pafin, located in Chiyoda, Tokyo, based on the financial statements recently released by approximately 4,000 companies listed on the Tokyo Stock Exchange. One of the reasons these companies hold cryptocurrency assets is because they value them as investments, and secondly, to avoid asset shrinkage due to the depreciation of the Japanese yen.