Bitcoin Japan Corporation [8105.T]
TOKYO, Mar 31 (Pulse News Wire) – Bitcoin Japan Corporation (8105.T) received notice from the Tokyo Stock Exchange that its shares will be designated as under observation ("confirmation pending") effective April 1, 2026. The company failed to meet the listing maintenance criteria related to the circulating market value of its shares during the improvement period ending March 31, 2026.
As of March 31, 2025, the company's circulating share price total was calculated based on the average closing prices over three months prior to the end of the previous fiscal year, amounting to approximately ¥790 million. During the improvement period from April 1, 2025, to March 31, 2026, the average daily closing price was above ¥200. However, the company expects the circulating market value to exceed 3.7 billion based on the number of circulating shares as of March 31, 2025, which would satisfy the listing standards. Philip Road, CEO of Bitcoin Japan Corporation, stated that the company has implemented measures to improve the liquidity of its shares, including issuing subscription rights warrants, resulting in an increase in the number of outstanding shares to 8,210,300. Additionally, major shareholder RIZAP Group sold off its holdings, reducing its stake below 5%.
As a result, the ratio of circulating shares improved, enhancing market liquidity. The company plans to submit a report detailing the distribution status of securities by March 31, 2026, to the Tokyo Stock Exchange. Upon receiving the results of the exchange’s review, the company will promptly inform stakeholders. While the timing of the final determination remains undetermined, management believes progress towards meeting the listing standards has been made. Going forward, the company intends to continue advancing its business strategy and strengthening investor relations activities while considering necessary capital policies to stabilize stock prices and maintain listing requirements.
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