Overview
- For fiscal 2025, revenue rose 738% to ¥8.905 billion and operating profit jumped about 1,694% to ¥6.287 billion, with roughly 95% of sales from bitcoin option premiums.
- A year‑end mark‑to‑market decline generated a ¥102.2 billion non‑cash valuation loss on bitcoin, producing a net loss of about ¥95 billion.
- Holdings reached 35,102 BTC, making Metaplanet Japan’s largest corporate holder and fourth globally, with an average cost near $107,000 and roughly 37% unrealized losses at recent prices.
- Guidance for 2026 calls for revenue of ¥16 billion and operating profit of ¥11.4 billion, while the company withholds net‑income forecasts due to bitcoin price volatility.
- The firm continues to fund purchases through equity, preferred shares and credit lines, including a recent ~¥21 billion placement, as its stock remains under pressure following the earnings release.