Metaplanet Cuts Fiscal 2026 Outlook, Revenue Forecast Reduced by 59.4%

November 13: According to an official announcement from Metaplanet, the company's board of directors resolved to lower its consolidated earnings forecast for the fiscal year ending December 31, 2026: the revenue forecast was cut from ¥16 billion to ¥6.5 billion, a decrease of 59.4%, and the operating profit forecast was cut from ¥11.4 billion to ¥3 billion, a decrease of 73.7%. The company said that because mNAV has remained below 1.0x, it did not issue new shares to raise funds at the originally planned scale, and its Bitcoin purchases and Bitcoin Income business fell short of expectations. Proceeds from the ¥52 billion convertible bonds issued in October will be prioritized for share buybacks. Management fees and goodwill amortization arising from consolidating Metaplanet Securities will also increase expenses. The company said its Bitcoin-centric financial strategy remains unchanged.