$Metaplanet (3350.JP)$
Well, 1,000 → 7,200.
What is this commotion for, going from 7,200 → 5,910? 🫠
Except for a few who have been on this board the whole time, there are many people stirring things up, but ultimately it will end up aiming for the above, so don't worry.

$Metaplanet (3350.JP)$
I apologize for the amateur question, but is this credit multiplier okay.

$Metaplanet (3350.JP)$
If we assume that Metapra serves as a platform for those wanting to invest in Bitcoin in Japan's stock investment market, the theory that Metapra will crash significantly if a physical ETF is approved in Japan in the future and the tax rate is relaxed is quite high.
The current premium is precisely supported by the existence of "Japanese stock investors who want to invest in Bitcoin but cannot do so."
When Japan becomes "easier to invest in Bitcoin," the advantages of investing in Metapra will drastically weaken.

$Metaplanet (3350.JP)$
It's an incredible financial report.
I also gained 0.1 billion in unrealized profit. Today is a festival.

$Metaplanet (3350.JP)$
【Details of common bonds】
1. Bond name: Lannett Co Inc 6th common bond
2. Total amount issued: 40100 million yen
3. The face value of each corporate bond: 0.2 billion 50 million yen
4. Interest rate: Interest-free
5. Redemption amount: At face value (100 yen per 100 yen)
6. Payment due date: February 13, 2025
7. Redemption date: August 12, 2025 (planned)
8. Early redemption:
Funds obtained through claims by bondholders (EVO FUND) or the exercise of new share subscription rights enable early repayment.
9. Collateral / Guarantee: None
10. Bondholders: EVO FUND
Utilization of funds
The raised fundsbitcoin purchasesare planned to be allocated.
• Strategic funds to expand the Bitcoin treasury business.
• As for the redemption funds, the plan is to use the funds obtained through the exercise of the 13th to 17th new stock subscription rights issued on January 28, 2025.
【Future Outlook】
• Impact on performance: Currently minimal.
In the future, if the impact on performance becomes clear, it will be disclosed promptly.
Discussion
This time, we will issue bonds similar to the convertible bond subscription rights issued last time...

$Metaplanet (3350.JP)$
1. Regarding the elimination of notes on the going concern assumption
Background
• Fiscal year ending December 2018-2023:
• Continuous operating losses and negative operating cash flow.
• Main reasons: High-cost structure of the hotel business。
→Demand disappearance due to the COVID-19 pandemic.。
→High levels of interest-bearing debt are putting pressure on the financial foundation.。
Countermeasures.
1. New business development.:
Start Bitcoin treasury business in 2024.
2. Fundraising:
Raising
208100 million yen was raised.
3. Reduction and stabilization of the hotel business.:
Correcting high cost structure for improved revenue.
Achievements for the fiscal year ending December 2024
• Revenue: 106100 million yen
• Operating profit: 3.5100 million yen
Operating profit: 59.9100 million yen
The solid performance of the Bitcoin Treasury business and the hotel business contributed to the good results.
Conclusion
「Note on the premise of a going concern enterprise.Resolved.
Financial foundation is stable.
With performance improvement, important uncertainties have been dispelled.

$Metaplanet (3350.JP)$
Please wait for a separate post for other IR. It's been a while since the last IR summary, so please point out any mistakes.
Summary of the fiscal year 2024
• Revenue: 106Billion yen (year-on-year change +306.0%）
• Operating profit: 3.5Billion yen (previous year's loss468From one million yenTurned a profit）
Operating profit: 59.9Billion yen (previous year's loss414From one million yenTurned a profit）
Net income: 63.9Billion yen (previous year's loss683From a deficit in the hundreds of million yen to a profit
• Net profit per share: 326.60yen
Financial condition (as of December 2024)
Total Assets: 303Billion yen (year-on-year change +1,719.9%）
• Net Assets: 189Billion yen (year-on-year change +1,542.9%）
• Equity Ratio: 62.3%
• Net assets per share: 522.44yen
Cash Flow
• Operating activities cash flow: +6.23100 million yen (previous year: -5.71100 million yen)
• Investment activities Cash Flow: △234.5billion yen (mainly expenses for acquiring Bitcoin)
• Financial Activities Cash Flow: +225.7billion yen (mainly fundraising through stock and bond issuance)
Financial Estimates for 2025.
• Revenue: 340Billion yen (year-on-year change +220.1...

$Metaplanet (3350.JP)$
I wonder if individuals no longer have stock subscription rights?

$Bitcoin (BTC.CC)$ I wonder if the press conference didn't go so well because it dropped so much, haha.

$Migalo Holdings (5535.JP)$
Sold 10,000 shares yesterday.
Holding onto the remaining 3,000 shares.