Metaplanet KK ( (JP:3350) ) has issued an update.
Metaplanet Inc. announced corrections to its Q4 and full-year 2024 financial results due to a revised understanding of the tax treatment of Bitcoin holdings. The adjustments led to a decrease in reported net income, although the company maintains a long-term strategy for its Bitcoin assets and does not anticipate actual tax payments.
More about Metaplanet KK
Metaplanet Inc. operates in the cryptocurrency industry, focusing on strategic capital deployment into Bitcoin and its Bitcoin Income Generation strategy. The company has shown significant growth in revenue and total assets, achieving operating profitability for the first time since 2017.
YTD Price Performance: -4.89%
Average Trading Volume: 3,805,552
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen133.5B
For detailed information about 3350 stock, go to TipRanks’ Stock Analysis page.