Shares of Metaplanet Inc. experienced a decline following the company’s revision of its full-year forecast for fiscal 2025, alongside reporting a substantial $720 million impairment loss related to Bitcoin. Additionally, the firm unveiled its fiscal 2026 outlook, which heavily relies on income linked to Bitcoin.
The Tokyo-based company disclosed an impairment charge of $720 million (¥104.6 billion) due to a drop in Bitcoin prices. Simultaneously, it recorded a foreign exchange translation gain amounting to $155 million (¥22.6 billion) in other comprehensive income as a result of yen depreciation. After accounting for these factors, Metaplanet reported that the net value of its Bitcoin assets decreased by approximately $565 million (¥82 billion) during this period. As of December 31, 2025, the company held 35,102 Bitcoins.
Due to the unpredictable nature of Bitcoin price fluctuations, Metaplanet refrained from providing specific guidance regarding ordinary income or net profit attributable to shareholders.
Fiscal Year 2026 Outlook Hinges on Significant Bitcoin-Related Revenue
For fiscal year 2026, Metaplanet anticipates revenues reaching $110 million (¥16 billion), more than doubling its projected revenue for fiscal year 2025 at $61 million (¥8.9 billion). The operating income is expected to be around $78 million (¥11.4 billion), assuming selling and administrative expenses near $32 million (¥4.6 billion).
The vast majority—$107 million (¥15.6 billion)—of this anticipated revenue is projected to stem from operations generating income through Bitcoin activities. The expansion in their Bitcoin holdings during fiscal year 2025 has bolstered available capital and increased collateral backing for options tied to BTC investments; this underpins premium incomes throughout fiscal year 2026.
Metaplanet conducts currency conversions between yen and U.S dollars both for operational purposes and acquiring Bitcoins. The firm continues its practice of distinctly separating impacts caused by fluctuations in Bitcoin prices from those arising due to foreign exchange movements within financial disclosures and identifies itself as a “Bitcoin Treasury Company.” It regularly publishes daily updates about BTC holdings along with unrealized gains or losses on its official website.
Technical Analysis Shows Consolidation With Defined Price Targets
The stock price movement shows that Metaplanet shares are currently trading inside an extensive consolidation zone after experiencing an initial sharp rally triggered by early purchases of Bitcoins by the company itself.The weekly chart illustrates price action confined within an ascending channel where recent candlesticks have compressed into well-defined accumulation territory.This pattern suggests momentum is cooling off rather than reversing completely since higher lows remain above channel support levels.
Trading volume surged during breakout phases but subsequently diminished amid sideways trading patterns.Recent increases near lower range boundaries indicate renewed buying interest supporting key support zones.Volume profile data reveals concentrated trading activity below current market prices which often acts as strong support when pullbacks occur.
A technical assessment shared by X user Enea₿ points out potential upside targets at approximately $6 .20( ¥900 ),$13 .45( ¥1 ,954 ),and$30 .50( ¥4 ,435 ) over six months.These projections correspond with previous resistance levels as well as extensions within the rising channel.They assume that bitcoin recovers toward roughly$115 ,000,a scenario keeping metaplanets equity closely correlated with btc market movements.
If prices remain contained within this accumulation range while respecting ascending channel supports,the overall trend stays bullish.A decisive breakout above this zone would initially aim at lower target levels whereas failure below channel supports could weaken bullish prospects.At present,the chart depicts healthy consolidation embedded inside an ongoing upward trend.