Bitcoin Japan Corporation

Bitcoin Japan Corporation

TTSE:8105
61.00
JPY
-5.00
(-7.58%)
9.99BMarket Cap
Nov 18Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
469.4
301.38
324.8
333.74
161.15
118.51
98.63
67.19
65.82
68.76
65.68
55.09
50.98
- -
Basic EPS, GAAP
2.23
0.34
1.76
3.87
2.1
-8.28
-2.58
-14.4
-3.7
-1.39
0.35
-7.24
-9.26
- -
Free Cash Flow per Basic Share
-17.05
-6.71
3.84
5.25
-10.47
1.93
-2.25
-2.34
-3.97
-4.9
1.11
-6.21
-7.26
- -
Dividend per Share
3.97
3.99
3.97
4.06
2.21
0.36
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
137.97
134.98
132.58
132.82
84.46
75.4
72.5
58.26
54.94
53.81
54.46
47.57
62.08
- -
Tangible Book Value per Share
124.03
133.17
131.25
131.74
84.09
75.07
71.98
58.25
54.94
53.81
54.46
47.57
62.07
- -
Basic Weighted Avg Shares
23
23
23
22
48
56
56
56
56
56
56
56
58
60
Sales/Revenue/Turnover
10,771
6,915
7,452
7,489
7,704
6,665
5,547
3,779
3,702
3,867
3,694
3,099
2,959
- -
Operating Margin (%)
7.36
1.56
5
1.15
0.89
-6.57
-3.73
-14.19
-4.7
-3
-5.16
-11.46
-15.61
- -
Depreciation Expense
145
42
27
25
22
20
21
17
2
4
6
10
9
- -
Net Income, GAAP
51
8
40
87
100
-466
-145
-810
-208
-78
19
-407
-537
- -
Effective Tax Rate (%)
57.63
78.01
50.75
24.06
8.58
- -
- -
- -
- -
- -
26.69
- -
- -
- -
Profit Margin (%)
0.48
0.11
0.54
1.16
1.3
-6.99
-2.61
-21.43
-5.62
-2.02
0.53
-13.14
-18.16
- -
Working Capital
1,642
2,199
2,131
1,935
4,258
4,012
3,868
3,106
2,932
2,857
2,876
2,485
3,842
- -
LT Debt
174
134
82
22
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
3,166
3,097
3,042
2,822
4,750
4,241
4,078
3,277
3,090
3,027
3,063
2,675
4,001
- -
Return on Invested Capital (%)
1.38
-1.16
1.12
1.96
1.57
- -
- -
- -
- -
- -
-4.58
- -
- -
- -
Return on Capital (%)
1.56
0.27
1.24
2.75
2.63
- -
- -
- -
- -
- -
0.65
- -
- -
- -
Return on Common Equity (%)
1.61
0.25
1.31
2.96
2.65
-10.36
-3.48
-22.03
-6.53
-2.55
0.64
-14.2
-16.09
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
56
64
70
Market Capitalization
39,202
9,990
11,247

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
2,868
4,451
- -
Cash, Cash Equivalents & STI
452
3,015
- -
Accounts Receivable, Net
395
341
- -
Inventories
1,005
987
- -
Total Current Liabilities
605
609
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.72%
6.07%
49.55%
Free Cash Flow
-149.66%
-134.04%
20.7%
Net Income, GAAP
-246.91%
-485.3%
31.9%
Sales/Revenue/Turnover
-8.14%
-4.54%
-4.51%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
3,099
2026
- -
- -
- -
- -
2,959
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
-7.24
2026
- -
- -
- -
- -
-9.26
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Phillip Lord
Full Time Employees
80
Sector
Process industries
Industry
Textiles
Address
Kokugikan Front Building Tokyo TY Japan 130-0015
IPO Date
Apr 13, 1974
Business
Bitcoin Japan Corporation operates as a publicly listed company on the Tokyo Stock Exchange (Ticker: 8105.T), specializing in Bitcoin finance and AI infrastructure investments. The company transitioned from its original business as Marusho Hotta, a historic Japanese kimono and textile manufacturer founded in 1861 and headquartered in Japan, to focus on digital assets and blockchain technology. Bitcoin Japan's core products and services include a Bitcoin-backed treasury strategy, AI infrastructure investments, and digital financial services integrating cryptocurrencies into Japan’s digital economy. The company aims to build a Bitcoin-anchored reserve and provide stable annual dividend yields supported by sound policy, strategic liquidity management, and partnerships within the evolving digital finance sector. Recent major changes include the rebranding from Marusho Hotta to Bitcoin Japan Corporation in late 2025 following a controlling stake acquisition by US crypto custody firm Bakkt Holdings. This strategic pivot marks a shift from traditional textile manufacturing to becoming a Bitcoin treasury entity focused on accumulating and managing Bitcoin reserves as part of its balance sheet. The company is advancing Japan’s digital competitiveness by leveraging Bitcoin as a monetary foundation while investing across the artificial intelligence value chain. This includes launching new AI-powered financial products and positioning Japan as a hub for Bitcoin innovation and institutional adoption. Bitcoin Japan operates within Japan, targeting both the corporate and retail markets for digital asset adoption, and collaborates with strategic partners to advance cryptocurrency infrastructure in the region. The company acts as a transformative player bridging Japan's traditional industries and its digital financial future.