Convano Inc.
6574🇯🇵Leveraged
Japanese nail salon chain operating under the FASTNAIL brand. Adopted a Bitcoin treasury strategy in July 2025, issuing four zero-coupon ordinary bonds to Dimensional Inc. totaling ~5.2B JPY to fund BTC purchases. Abandoned the original 21,000 BTC target in November 2025; all bonds now repaid.
BTC Holdings
762.67 BTC
180d
Stock Price
111.00 JPY
180d
Total financing
2.50B JPY
180d
mNAV
6.58x
180d
Leverage
0.0%
180d
BTC Credit
0 bps>10x
Sats/Share
150
180d
Mkt cap
56.52B JPY
Shares
509.16M
Fiat reserve
3.45B JPY
Total reserve
12.04B JPY
Dilution
0.0%
Analytics
BTC Coverage
Financials
IFRSQuarterlyAs of 2025-12-31
Balance Sheet
Total Assets¥22.8B
Total Liabilities¥7.9B
Stockholders' Equity¥14.9B
Cash & Equivalents¥3.5B
Total Debt¥3.1B
Digital Assets—
Income Statement
Revenue¥9.2B
Operating Income¥4.4B
Net Income¥3B
Interest Expense¥12.2M
Cash Flow
Operating Cash Flow¥2.4B
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | BTC Rating |
|---|---|---|---|---|---|
| CNVO-B05 | Sep '25 – Nov '38 | 0% | 20.00B JPY | 2.50B JPY | >10x |
| Total | 2.50B JPY | ||||
Recent Changes
Mon, Mar 16, 2026
Shares Outstanding
433.5M→509.2M+75.7M(+17.5%)
Stock Information (株式情報)
Wed, Dec 31, 2025
Debt OutstandingMaturityCNVO-B04
680.0M→0-680.0M(-100.0%)
Notice of 4th Ordinary Bond Issuance
Debt OutstandingIssuanceCNVO-B05
0→2.50B+2.50B
Total 社債 on Q3 BS; includes ~¥680M bond 4 maturity payment pending
決算短信 (Q3 FY2026/3 Earnings Release)Fiat Reserve
806.2M→3.45B+2.64B(+328.0%)JPY
決算短信 (Q3 FY2026/3 Earnings Release)
Fri, Nov 21, 2025
BTC Holdings
665→762.67+97.67 BTC(+14.7%)
BTC Holdings Tracker
Fri, Oct 17, 2025
BTC Holdings
605.75→665+59.25 BTC(+9.8%)
BTC Holdings Tracker