MetaPlanet Revises Fiscal 2025 Outlook
Recently, MetaPlanet released a new financial announcement, revealing an upward revision of its revenue and profit projections for fiscal 2025. The company now expects annual revenue to increase from 6.8 billion yen to 8.905 billion yen, with operating profit revised to 628.7 billion yen.
Bitcoin Volatility Triggers Substantial Loss
However, due to Bitcoin's market value fluctuation during the quarter, the company recorded an impairment loss of 104.636 billion yen (approximately $679 million). This led to an ordinary loss of 98.558 billion yen.
Industry Impact and Future Outlook
Bitcoin's price volatility continues to affect companies exposed to the crypto market. MetaPlanet's experience highlights the uncertainties associated with digital assets. Moving forward, the company will closely monitor market trends and adjust its investment strategy to mitigate risks.