Metaplanet Inc.
Notice Regarding Q4 Fiscal Year 2025 Earnings of the Bitcoin Income Business and Revision of Full-Year Earnings Forecast for the Same Business
The full-year sales forecast for the Bitcoin Income Business for fiscal year ending December 2025 has been significantly revised upward from 6.3 billion yen to 8.6 billion yen. Quarterly sales are expected to accelerate, growing more than sixfold year-over-year.
Key Figures
- Sales Forecast: 8.6 billion yen (Up 2.3 billion yen, approx. +36.5%)
- Operating Income Forecast: Unknown
- Net Income Forecast: Unknown
- Reason for Revision: Accelerated revenue growth in Bitcoin Income Business
- Exchange Rate Assumption: Applied rates as of 2025-12-26 (subject to change)
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Details of Earnings Forecast Revision
Metaplanet Co., Ltd. has significantly upwardly revised the full-year sales forecast for the Bitcoin Income Business in fiscal year ending December 2025 from the initial 3.0 billion yen to 6.3 billion yen, and further to 8.6 billion yen. The sales for Q4 are projected at 4,241.8 million yen (approx. 4.24 billion yen), representing more than sixfold growth compared to 691.6 million yen in the same quarter last year. The quarterly compound growth rate is approximately 57.4%, indicating rapid expansion. Revised forecasts for operating income and net income have not been disclosed. The exchange rate assumptions are based on rates as of December 26, 2025, but are subject to change.
Background and Factors for the Revision
The primary driver for the revision is accelerating revenue growth from the Bitcoin Income Business leveraging Bitcoin derivatives. Quarterly sales have been steadily expanding, with an expected 74.0% increase from Q3 to Q4. The business is managed separately from long-term held Bitcoin, with revenues reflecting received option premiums, realized gains/losses, and unrealized valuation gains/losses. Market conditions and currency fluctuations have been considered, although their specific impacts remain uncertain.
Future Outlook and Strategy
The company aims to continuously generate sales (cash flow) through the Bitcoin Income Business to support its capital strategy, while contributing to the accumulation of long-term held Bitcoin. The impact on consolidated earnings forecasts for fiscal year ending December 2025 is under review and will be promptly disclosed once determined. The company intends to continue managing clear segmentation and operational oversight of capital allocation, anticipating ongoing growth in this business.
