Metaplanet Lowers 2026 Revenue Forecast to 6.5 Billion Yen

On November 13, according to an announcement by Metaplanet, the company revised its fiscal year 2026 revenue forecast down from 16 billion yen to 6.5 billion yen, a decrease of 59.4%; and its operating profit forecast down from 11.4 billion yen to 3.0 billion yen, a decrease of 73.7%.

The company stated that because mNAV remained consistently below 1x, it prioritized increasing Bitcoin holdings per share and did not raise capital through new share issuances at the initially planned scale, causing Bitcoin purchase volumes and transaction sizes in its Bitcoin yield business to fall short of expectations.

The company also plans to prioritize allocating proceeds from the 52 billion yen convertible bonds issued in October toward share repurchases, which will restrict the funds available for accumulating additional Bitcoin and investing in its Bitcoin yield business.