Metaplanet (3350) investor relations material

Executive summary

• Achieved 35,102 BTC holdings by end of FY 2025, surpassing the 30,000 BTC target and becoming the largest BTC holder in Japan and the fourth largest public company holder globally.

• Revenue surged 738.3% year-over-year to JPY 8,905 million, driven by Bitcoin-related operations and the Bitcoin Income business, which began in Q4 FY2024.

• Operating profit rose 1,694.5% year-over-year to JPY 6,287 million, but a net loss of JPY 95,046 million was recorded due to significant Bitcoin valuation losses.

• Cumulative capital raised reached JPY 517.2 billion by end of FY 2025, with a significant expansion in the shareholder base to 216,500.

• Strategic focus remains on maximizing BTC accumulation and shareholder value through a multi-layered capital structure.

Financial highlights

• FY 2025 revenue rose to JPY 8,905 million, up 738.3% year-over-year; operating profit reached JPY 6,287 million, up 1,694.5%.

• Net income for FY 2025 was a loss of JPY 95,046 million, mainly due to a BTC valuation loss of JPY 102,188 million.

• Total assets increased to JPY 505,286 million and net assets to JPY 458,592 million by year-end 2025.

• Ordinary loss: JPY 96,141 million (vs. profit of JPY 5,993 million prior year).

• Cash and cash equivalents at year-end: JPY 2,552 million.

Outlook and guidance

• FY 2026 revenue forecast is JPY 16,000 million, a 79.7% increase year-over-year; operating profit forecast is JPY 11,400 million, up 81.3%.

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

• Continued growth expected in Bitcoin Income business and stable earnings from the Hotel segment.