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Metaplanet KK
(3350)
Metaplanet KK (3350) vs. iShares MSCI Japan ETF (EWJ)
Metaplanet KK Business Overview & Revenue Model
Metaplanet KK Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.01B | 8.90B | 1.06B | 261.63M | 366.12M | 518.45M |
| Gross Profit | 2.92B | 8.34B | 989.76M | 211.63M | 184.50M | 341.11M |
| EBITDA | -5.55B | 6.35B | 6.42B | -613.41M | 1.23B | -4.27M |
| Net Income | 10.67B | -95.05B | 4.44B | -683.92M | 977.85M | -737.24M |
Balance Sheet | ||||||
| Total Assets | 238.21B | 505.29B | 30.33B | 1.67B | 5.36B | 13.09B |
| Cash, Cash Equivalents and Short-Term Investments | 1.72B | 2.55B | 294.22M | 553.17M | 207.26M | 414.35M |
| Total Debt | 30.00B | 43.84B | 11.25B | 130.50M | 3.67B | 11.80B |
| Total Liabilities | 37.21B | 46.69B | 13.36B | 514.05M | 4.74B | 13.46B |
| Stockholders Equity | 201.00B | 458.59B | 16.97B | 1.15B | 617.52M | -373.41M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 6.58B | 607.43M | -730.77M | -613.80M | -943.42M |
| Operating Cash Flow | 0.00 | 6.62B | 623.59M | -571.52M | -296.31M | -529.34M |
| Investing Cash Flow | 0.00 | -554.39B | -23.45B | 2.33B | -285.04M | 534.83M |
| Financing Cash Flow | 0.00 | 544.22B | 22.57B | -1.42B | 397.77M | 199.80M |
Metaplanet KK Technical Analysis
Metaplanet KK Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥343.09B | 29.75 | 9.66% | 0.55% | 14.33% | 36.83% | |
70 Outperform | ¥131.66B | 28.96 | ― | 0.70% | 5.15% | 47.13% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥324.84B | 62.58 | ― | 0.56% | 9.28% | 7.59% | |
53 Neutral | ¥373.65B | 82.10 | ― | 0.24% | 9.19% | 43.90% | |
53 Neutral | ¥203.38B | 53.31 | ― | 0.69% | 10.75% | -14.28% | |
46 Neutral | ¥350.03B | -2.15 | ― | ― | 2025.55% | ― |
Metaplanet KK Corporate Events
Metaplanet Inc. reported a sharp jump in revenue to ¥8.9 billion for fiscal 2025, up 738% year-on-year, and operating profit surged to ¥6.3 billion, yet the company booked a net loss attributable to owners of ¥95.0 billion, driven by large non-operating factors that pushed ordinary profit deep into negative territory. Total assets ballooned to ¥505.3 billion and the equity ratio strengthened to 90.7%, supported by substantial financing cash inflows of ¥544.2 billion that offset heavy investing outflows, while the company maintained a zero-dividend policy on common shares and issued an FY2026 forecast targeting ¥16.0 billion in revenue and ¥11.4 billion in operating profit as it integrates five new consolidated subsidiaries.
Despite the massive bottom-line loss, Metaplanet’s balance sheet expanded dramatically, with net assets rising to ¥458.6 billion and cash flows from operating activities improving to ¥6.6 billion, signaling a scale-up phase backed by fresh capital and aggressive investment. The inclusion of new entities, including Bitcoin Japan Inc., and the decision to disclose only full-year revenue and operating profit guidance for 2026 indicate a strategic focus on longer-term business management and growth, though shareholders face continued suspension of dividend payments as resources are channeled into expansion.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen446.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has issued an earnings presentation for fiscal 2025 that emphasizes extensive caution around its forward-looking statements and bitcoin-focused treasury strategy. The company warns that market volatility, regulatory shifts, economic conditions, and other external factors could cause actual results to diverge significantly from its projections and performance targets.
The presentation highlights that bitcoin prices are highly volatile and that the treasury strategy could lead to substantial losses, while also noting the use of non-GAAP metrics such as BTC Yield and BTC NAV that should not be viewed as substitutes for standard financial measures. Metaplanet underscores that some data come from third-party sources and scenario analyses based on assumptions that may not hold, urging investors to perform their own due diligence before making investment decisions.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen446.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. reported substantial non-operating items for fiscal 2025, including a ¥506 million foreign exchange gain, a ¥102,188 million Bitcoin valuation loss, and a ¥418 million charge for amortization of share issuance costs, alongside a ¥1,503 million deferred income tax benefit linked mainly to Bitcoin valuation movements. The company also disclosed variances versus its January 2026 earnings forecast, with ordinary income improving due to a smaller-than-expected Bitcoin valuation loss, but net and comprehensive losses widening after it reversed ¥21,718 million in deferred tax assets tied to U.S. subsidiaries’ losses, a non-cash adjustment that does not affect liquidity, operating revenue, Bitcoin holdings, or its ongoing Bitcoin treasury strategy.
Metaplanet attributed the reversal of deferred tax assets to the inherent volatility of Bitcoin prices, which creates significant uncertainty around the timing and extent of future taxable income needed to utilize tax-loss carryforwards. Management stressed that while accounting losses remain heavily influenced by short-term market swings in Bitcoin and FX, its Bitcoin Income Generation business continues as planned, underscoring the gap between reported earnings volatility and the company’s underlying operational and strategic posture in the digital asset space.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen446.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has completed payment for a previously approved issuance of new shares and its 25th Series Stock Acquisition Rights through a third‑party allotment. The securities were allotted to a syndicate of institutional investors including several master funds and opportunity funds, signaling successful execution of the company’s latest equity financing.
The completion of payment finalizes this capital‑raising step, strengthening Metaplanet’s financial base and potentially enhancing its flexibility for future strategic initiatives. By diversifying its shareholder base with multiple global funds, the company may improve market liquidity in its stock and reinforce its positioning in the capital markets, with implications for existing shareholders and prospective investors alike.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen446.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has issued a correction to its previously announced third-party allotment of new shares and 25th Series Stock Acquisition Rights, a fundraising measure approved by its board on January 29, 2026. The revisions relate to the allocation between Brookdale Global Opportunity Fund and Brookdale International Partners, L.P., swapping the number of shares and related stock acquisition rights originally assigned to each.
While the total fundraising framework and overall issuance scale remain unchanged, the corrected disclosure clarifies precisely which Brookdale-managed vehicles will receive specific portions of the equity and rights. This adjustment improves transparency for investors and stakeholders tracking Metaplanet’s capital structure and institutional investor base, but does not alter the fundamental terms of the financing.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen446.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has released supplementary materials outlining an offering of common stock and its 25th series of warrants, describing the transaction as part of its broader business strategy and plans while stressing that the document is for informational purposes only and not an invitation to invest. The company underscores that its strategy, particularly its Bitcoin treasury approach, is subject to significant market, regulatory, and macroeconomic risks, and cautions prospective investors about the high volatility of bitcoin prices and other external factors that could materially affect its performance, urging them to conduct their own due diligence before making any investment decisions.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen486.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. reported that under its current share repurchase program, no shares were bought back during the period from January 1 to January 31, 2026, resulting in zero shares acquired and no funds expended, despite authorization to conduct market purchases on the Tokyo Stock Exchange. The company still retains a sizable buyback mandate running through October 28, 2026, permitting repurchases of up to 150 million common shares, or about 13.13% of outstanding shares excluding treasury stock, for as much as ¥75 billion, a framework that signals continued flexibility in capital allocation and potential future support for shareholder value even though it has not yet been utilized in the latest reported month.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen486.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. reported that none of the 23rd and 24th series stock acquisition rights allotted to EVO FUND were exercised in January 2026, leaving all 2.1 million rights, corresponding to 210 million potential shares, entirely unexercised. As a result, there was no dilution of existing shareholders during the month, the number of outstanding stock acquisition rights remained unchanged, and the company’s share capital structure and listing rule exercise limits were unaffected for the reporting period.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen486.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has drawn down a new US$75 million loan under its existing US$500 million Bitcoin‑backed credit facility, bringing total utilization to US$355 million, with the loan secured by part of its 35,102 BTC holdings and structured as a flexible, daily-renewable facility repayable at the company’s discretion. The company intends to use the funds to accelerate Bitcoin purchases, support its Bitcoin income generation business via collateralized option strategies, and potentially repurchase its own shares, positioning the borrowing as short-term bridge financing to be repaid from proceeds of common shares and stock acquisition rights to be issued on February 13, 2026, while simultaneously revising the planned use of those equity proceeds in response to heightened Bitcoin market volatility and investment opportunities.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen513.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has approved a sizeable equity financing via a third-party allotment, issuing 24,529,000 new common shares at ¥499 per share for total proceeds of about ¥12.24 billion through an overseas offering. In parallel, the company will issue the 25th series of stock acquisition rights, totaling 159,440 rights that could convert into up to 15,944,000 shares at an exercise price of ¥547, potentially raising an additional ¥8.80 billion if fully exercised. The transactions are governed by stringent conditions in a purchase agreement, including accuracy of representations, compliance with covenants, absence of legal impediments, and necessary regulatory approvals, and any transfer of the warrants will require board approval. Together, the measures significantly expand Metaplanet’s potential share base while bolstering its capital position, which may dilute existing shareholders but strengthens the company’s financial flexibility and reinforces its access to overseas institutional investors.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen533.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has set March 25, 2026, at 10 a.m. as the date and time for its 27th Annual General Meeting of Shareholders, to be held at Pia Arena MM in Yokohama, Kanagawa, with detailed agenda items to be announced later. Only shareholders of record as of December 31, 2025, will be eligible to attend, and the company plans to send a formal notice of convocation by mail, underscoring its adherence to standard governance and disclosure practices for listed companies.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen573.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has approved a dividend from surplus for its Class B preferred shares, setting a record date of December 31, 2025, and a dividend of ¥0.40 per share, for a total payout of ¥9.44 million effective January 31, 2026, to be funded from other capital surplus. The company is using other capital surplus rather than retained earnings to insulate preferred dividends from quarterly Bitcoin valuation swings mandated by accounting rules, aiming to offer stable, predictable returns to preferred shareholders while continuing to treat Bitcoin as a core long-term asset and maintaining what it describes as sound financial discipline.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen573.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet has sharply raised its full-year revenue and operating income forecast for the fiscal year ending December 2025, driven by much stronger-than-expected performance in its Bitcoin Income Generation business, where full-year revenue is now projected at ¥8.6 billion versus a prior estimate of ¥6.3 billion. The company attributes this outperformance to a more flexible capital structure, achieved through the issuance of perpetual convertible preferred stock and the establishment of a US$500 million credit facility, which allowed it to expand its allocation to Bitcoin options strategies. At the same time, Metaplanet expects to report a large ordinary and net loss for 2025 due to a non-cash bitcoin impairment charge of ¥104.6 billion, even as its BTC Treasury business continued to grow, with holdings soaring to 35,102 BTC and BTC yield per diluted share increasing 568%, underscoring the firm’s long-term bitcoin accumulation strategy despite short-term accounting volatility.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen573.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. reported that no shares were delivered and no rights were exercised in December 2025 under its 20th to 22nd series stock acquisition rights, all of which had been issued to EVO FUND in June 2025 with resettable exercise prices and suspension provisions. Following a suspension of exercises from November 28, 2025, the company acquired and cancelled all remaining outstanding rights on December 8, leaving zero unexercised stock acquisition rights at month-end and resulting in no dilution of existing shareholders during the period, in compliance with Tokyo Stock Exchange listing requirements regarding exercise ratios and pricing rules.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. reported that it conducted no share buybacks in December 2025 under its ongoing share repurchase framework, acquiring zero shares for a total consideration of zero yen via market purchases on the Tokyo Stock Exchange. The company nonetheless maintains a sizable authorization, approved by its board in October 2025, to repurchase up to 150 million shares, or about 13.13% of its outstanding stock excluding treasury shares, for a maximum of ¥75 billion through October 28, 2026, signaling continued flexibility in capital allocation while current treasury holdings remain minimal relative to its 1.14 billion outstanding shares.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has completed its latest quarterly Bitcoin accumulation, purchasing 4,279 Bitcoin at an average price of ¥16.33 million per BTC for a total of about ¥69.9 billion, bringing its total holdings to 35,102 Bitcoin with an aggregate acquisition cost of roughly ¥559.7 billion. The company highlighted its proprietary Bitcoin-focused metrics, reporting a quarter-to-date BTC Yield of 11.9% through December 30, 2025, following a series of elevated yields over the previous four quarters, and detailed its methodology for calculating fully diluted share counts and BTC Yield to emphasize that its Bitcoin Treasury Operations are designed to be accretive on a per-share basis and to provide investors with a clearer view of dilution-adjusted Bitcoin exposure and yen-denominated gains.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet reported that its Bitcoin Income Generation business delivered JPY 4.24 billion in operating revenue in the fourth quarter of fiscal 2025, bringing full-year revenue to JPY 8.58 billion, far surpassing its latest forecast of JPY 6.3 billion and more than six times the revenue level of the prior-year fourth quarter. The business, which recognizes revenue from option premiums, realized gains and losses, and valuation changes on Bitcoin held as current assets, has achieved an estimated compounded quarterly growth rate of about 57% from Q4 2024 to Q4 2025, underscoring rapid expansion in its derivatives-driven income model and its growing role in supporting Metaplanet’s capital structure, including long-term Bitcoin holdings and financing profile, while the company reviews the impact on its consolidated earnings forecast.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has completed payment for its previously approved issuance of 23.61 million Class B preferred shares, branded as “MERCURY,” via a third-party allotment to a group of institutional investors, raising total proceeds of ¥21.249 billion at ¥900 per share. The transaction, which equally boosts both capital stock and capital reserve by ¥10.6245 billion and increases the company’s capital stock to ¥258.5 billion before a scheduled reduction to ¥1, strengthens Metaplanet’s capital base and diversifies its shareholder structure with major global funds such as Nautical Funding Ltd. and SMALLCAP World Fund, potentially enhancing its financial flexibility and market presence.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has fully redeemed its 19th Series of Ordinary Bonds, repaying the remaining principal of a JPY 30 billion issue originally placed with EVO FUND and scheduled to mature on December 29, 2025. The company had previously carried out a partial early redemption of JPY 750 million and completed the final repayment using funds raised through the issuance of Class B preferred shares via third-party allotment, underscoring its active liability management. As the bonds were non-interest-bearing, the company expects the impact of this redemption on its consolidated financial results for the fiscal year ending December 2025 to be minimal, suggesting limited short-term earnings implications for stakeholders while modestly improving the firm’s capital structure.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. announced that shareholders at its December 22 extraordinary general meeting approved all proposals, including a drastic reduction of its capital stock to 1 yen and capital reserve to zero, as well as significant amendments to its Articles of Incorporation. The company will substantially increase its total authorized shares to 3.833 billion, expand the authorized amounts of both Class A and Class B shares to 555 million each, revise the rights and provisions attached to these share classes, and proceed with an issuance of Class B shares via third-party allotment, signaling a major restructuring of its capital base and potential repositioning of its shareholder structure.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has launched a Sponsored Level I American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas as depositary and MUFG Bank as custodian in Japan, enabling its shares to trade in the U.S. over-the-counter market in U.S. dollars under the ticker MPJPY on a one-to-one basis with its common shares. The company frames the move as a strategic step to improve accessibility, transparency, and liquidity for U.S. and global institutional investors, aligning its capital markets strategy with international best practices while not issuing new shares or raising capital, thereby offering a more streamlined, compliant framework than the existing unsponsored MTPLF OTC structure and potentially broadening its shareholder base without diluting current investors.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has completed the acquisition and cancellation of its 20th to 22nd series stock acquisition rights and has issued new 23rd and 24th series rights through a third-party allotment to EVO FUND. This move is part of a refinancing strategy, with a total payment of JPY 38,850,000 for the new rights, potentially impacting the company’s financial structure and market positioning.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has executed a $50 million loan under its credit facility agreement, secured by its substantial Bitcoin holdings. The funds will be used for additional Bitcoin acquisitions, expanding its Bitcoin income generation business, and potentially for share repurchases, with minimal expected impact on its financial results for the fiscal year ending December 2025.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has executed a $130 million loan under its Credit Facility Agreement, secured by its significant Bitcoin holdings. The loan will fund further Bitcoin acquisitions, expand its Bitcoin income generation business, and potentially support share repurchases, with minimal expected impact on the company’s financial results for 2025.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has announced the convocation of an Extraordinary General Meeting of Shareholders to discuss significant changes in its capital structure and Articles of Incorporation. The company plans to reduce its capital stock and capital reserve, amend its Articles of Incorporation to increase authorized shares, and issue Class B shares through a third-party allotment. These measures aim to enhance financial flexibility and transparency, potentially impacting future financing and shareholder value.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. has announced its decision to issue Class B Preferred Shares through a third-party allotment, pending approval at an upcoming Extraordinary General Meeting. The company also plans to acquire and cancel certain stock acquisition rights while issuing new ones, as part of a refinancing strategy aimed at optimizing its capital structure and enhancing shareholder value.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
Metaplanet Inc. announced the acquisition and cancellation of its 20th to 22nd Series Stock Acquisition Rights and the issuance of new 23rd and 24th Series Stock Acquisition Rights through a third-party allotment to EVO FUND. This strategic move aims to optimize Metaplanet’s capital structure by adjusting the exercise price mechanism to better suit current market conditions, potentially impacting the company’s financial flexibility and stakeholder interests.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.