SBI Holdings (8473.T) reported on November 2 that revenue from its crypto asset (virtual currency) business fell 30.1% year-on-year to ¥23.083 billion (approximately $145.5 million) in the first half of fiscal year ending March 2027 (April-September 2026). Pretax loss came to ¥1.595 billion (approximately $10.1 million), widening from a ¥147 million (approximately $930,000) loss in the same period a year earlier.

On a consolidated basis, revenue rose 17.2% year-on-year to ¥1.0575 trillion (approximately $6.7 billion) and pretax profit climbed 52.9% to ¥324.3 billion (approximately $2.0 billion), marking a record high for a first half. The crypto business, however, accounted for only about 2% of total revenue, underscoring the gap…