Metaplanet (3350) investor relations material

Executive summary

• Bitcoin holdings surged to 43,000 BTC as of June 30, 2026, up from 13,350 BTC a year earlier, ranking third globally among public firms and first in Asia.

• Revenue for 1H 2026 reached ¥4.94B, a 133.7% increase year-over-year, with operating profit up 136.3% to ¥3.33B.

• The company is transitioning from a Bitcoin treasury focus to building a Bitcoin-native financial platform, including digital credit and asset management products.

• Recorded a non-cash interim net loss of ¥182.8B due to a ¥184.3B Bitcoin valuation loss, reflecting the decline in yen-denominated Bitcoin price.

• Acquired and rebranded Siiibo Securities as Metaplanet Securities, expanding into online corporate bond issuance and Bitcoin-based financial products.

Financial highlights

• 1H 2026 revenue: ¥4.94B (+133.7% YoY); operating profit: ¥3.33B (+136.3% YoY).

• Profit attributable to owners: ¥(182.8)B, impacted by non-cash Bitcoin valuation losses.

• BTC NAV at June 30, 2026: ¥409.4B, with a reference value of ¥434.3B as of August 12, 2026.

• Equity/capital adequacy ratio: 81.4% as of June 30, 2026.

• Cash and cash equivalents at period end: ¥1.09B, down ¥1.47B from prior year-end.

Outlook and guidance

• FY2026 revenue forecast: ¥16.0B; operating profit forecast: ¥11.4B.

• No forecasts provided for ordinary profit or net income due to Bitcoin price volatility.

• Progress toward full-year forecast is below plan due to limited fundraising and slower Bitcoin accumulation.

• Achievement of forecast depends on market conditions, fundraising progress, and Bitcoin price volatility.