Metaplanet will send up to 28.3 billion yen of a 52 billion yen zero-coupon convertible to share buybacks and 23.6 billion yen to Bitcoin-backed loans. Its borrowing stood at 17.7% of Bitcoin net asset value in September, against a 10% policy ceiling.
Perspective Coverage
6 publishers
- Builder
- Builder 7%
- Operator
- Operator 35%
- Investor
- Investor 58%
Reality
- Evidence68
- Adoption
- Not scored
- Hype gap+10
- Incentives55
- Confidence72
Foreign money has bought 326 Japanese companies for 6.2 trillion yen since January
Foreign buyers acquired 326 Japanese companies for 6.2 trillion yen from January to September, more than they spent in all of last year. The yen and a tax change get the credit, but succession sales and corporate carve-outs also feed the supply.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+25
- Incentives
- Not scored
- Confidence60
Kioxia's 848.7 billion yen margin book runs into six-month settlement deadlines
Kioxia's margin buying balance stands at 848.7 billion yen at cost, according to Nikkei, with the stock at half its June peak. Nikkei's loss estimate puts that book only about 6% under water, so deadline selling pressure falls on those who bought near the top.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+25
- Incentives
- Not scored
- Confidence50
Japan cuts its corporate governance code to 30 provisions to push boards toward growth
Japan has cut its Corporate Governance Code from 83 provisions to 30 in a 2026 revision, the Tokyo Stock Exchange's Haruyuki Yamashita wrote. The shorter, principles-based text puts more weight on how boards explain their allocation of management resources for growth.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+15
- Incentives60
- Confidence60
Governance rules have cut Japan's listed subsidiaries to a third of their 2007 peak
Nomura's count of Japanese listed subsidiaries is 139, down about 20% in a year, and from 2027 companies must disclose how minority shareholders voted on directors. At that pace the category empties in about four years.
Reality
- Evidence52
- Adoption76
- Hype gap+15
- Incentives58
- Confidence62
One KOSDAQ IPO has raised more than a trillion won since the board opened in 1996
Celltrion Healthcare's 1.0088 trillion won in 2017 still stands alone, and Yanolja, Viva Republica and Galaxy Corporation are all pursuing US listings while KOSDAQ turnover runs at less than half January's.
Reality
- Evidence34
- Adoption
- Not scored
- Hype gap+28
- Incentives62
- Confidence38
buildOne report1 publisher A civilian-use license lets Beijing meter yttrium one buyer at a time
Yttrium's export rules survived the Busan truce, and the two shipments the United States has received since February's coating-line stoppages add up to 89 tonnes against a world market estimated at 10,000 to 15,000 tonnes a year.
Reality
- Evidence42
- Adoption55
- Hype gap+20
- Incentives55
- Confidence48
Metaplanet breaks the clause that kept management at a fifth of the company
The board froze an option pool that had grown nearly sevenfold to 319 million rights and cut the plan by 41%, a reduction worth about $123m that leaves management with a claim on roughly 13% of the diluted company.
Reality
- Evidence42
- Adoption55
- Hype gap+22
- Incentives70
- Confidence45
A 10-yen rally strands the currency assumptions behind 185 of 360 Japanese earnings plans
Toyota planned its year on 160 yen to the dollar while the market pays about 153, and at 50 billion yen of operating profit for every yen that gap is worth 300 billion to 350 billion. Daiwa's arithmetic puts the index-wide cost nearer 1.4%.
Reality
- Evidence58
- Adoption
- Not scored
- Hype gap+8
- Incentives45
- Confidence55