Metaplanet (3350) Q3 2024 earnings summary

Executive summary

• Revenue increased by 46.3% year-over-year to 250 million yen for the nine months ended September 30, 2024, driven by improved hotel occupancy and new customer initiatives.

• Operating loss narrowed to 183 million yen from 409 million yen year-over-year, while net loss attributable to owners was 321 million yen, an improvement from 415 million yen loss in the prior period.

• The company adopted BTC Yield as a key performance indicator, reflecting its Bitcoin acquisition strategy and shareholder impact.

Financial highlights

• Net sales: 250 million yen (up 46.3% year-over-year).

• Operating loss: 183 million yen (improved from 409 million yen loss year-over-year).

• Ordinary loss: 311 million yen (widened from 270 million yen loss year-over-year).

• Net loss attributable to owners: 321 million yen (improved from 415 million yen loss year-over-year).

• Comprehensive income loss: 321 million yen (improved from 448 million yen loss year-over-year).

• Earnings per share: (21.00) yen, improved from (38.91) yen year-over-year.

Outlook and guidance

• Consolidated earnings forecast for the fiscal year ending December 2024 is under review and will be disclosed once finalized.