Japanese gaming giant Gumi reports 1.537 billion yen loss due to crypto asset devaluation

Japanese gaming company Gumi Inc. (Gumi) announced a significant non-operating loss for the first quarter of the fiscal year ending April 2027, attributed to the decline in the fair value of its crypto assets. The company recorded a total valuation loss of 1.537 billion yen (approximately $10 million) due to recent market volatility, with the parent company absorbing 675 million yen. This loss was reflected in the financial report for the three months ending July 31, 2026. Following the announcement, Gumi's stock price fell by 19.1%.