Metaplanet's board of directors has cut its consolidated earnings forecast for the fiscal year ending December 31, 2026, with revenue projections slashed by 59.4% from ¥16 billion to ¥6.5 billion and operating profit forecasts reduced by 73.7% from ¥11.4 billion to ¥3 billion. The company attributed the downward revision to its mNAV remaining below 1.0x, which prevented it from issuing new shares at the originally planned scale. As a result, Bitcoin purchases and its Bitcoin Income business fell short of expectations. Proceeds from ¥52 billion in convertible bonds issued in October will be prioritized for share buybacks rather than additional BTC accumulation. The company also cited increased expenses from management fees and goodwill amortization tied to consolidating Metaplanet Securities. Despite the revised outlook, Metaplanet reaffirmed that its Bitcoin-centric financial strategy remains unchanged.