Japanese firm Metaplanet has revised upward its revenue and operating profit forecasts for the end of 2025, projecting exponential growth toward 2026. According to an official notice issued this Monday, the company expects its Bitcoin treasury strategy to generate sales near 103 million dollars next year, effectively doubling its current figures.
Despite this operational optimism, the company anticipates a net loss of 491 million dollars for the current fiscal year. This negative result is exclusively due to an accounting impairment of between 680 and 700 million dollars in the value of its digital assets, reflecting price fluctuations at the end of the period through a non-cash accounting adjustment with no impact on cash flows.
Likewise, the company’s management highlighted that fourth-quarter revenue for 2025 significantly exceeded initial projections in its crypto income generation business model. This acceleration has allowed for an increase in the annual revenue forecast in that segment to 55 million dollars, demonstrating the operational efficiency of its corporate balance sheet against market volatility.
Growth in yield per share and expansion of institutional reserves
On the other hand, asset accumulation has been massive, moving from 1,762 BTC at the end of 2024 to a total reserve of 35,102 BTC by the end of 2025. This increase has boosted the yield per diluted share by an astonishing 568%, a metric the company uses to evidence real value growth for shareholders under its current financial model.
In this way, Metaplanet consolidates itself as a key player in the corporate adoption of digital assets in the Asian region. By integrating this store-of-value technology, the firm manages to separate its operating performance, which reports solid profits, from accounting valuations that are usually temporary, strengthening its financial infrastructure for the upcoming challenges.
How will the accounting impairment affect investor confidence in the long term?
Since the 680 million dollar impairment is a technical adjustment that does not compromise the company’s solvency, market confidence seems to focus on the projected operating income for 2026. The Bitcoin treasury strategy has allowed the company to maintain total transparency, publishing daily data on its holdings and mitigating uncertainty through clear performance reports.
Finally, the full annual report will be officially presented on February 16, detailing administrative expenses estimated at 29 million dollars for the upcoming cycle. It is expected that as long as the yield per share continues its upward trend, the market will value Metaplanet’s income-generating capacity, regardless of accounting fluctuations derived from year-end market prices.
