MBK Co., Ltd.
3121🇯🇵Reserve
Japanese merchant banking conglomerate providing investment services, M&A advisory, hotel management, and real estate brokerage. Also operates crypto-related platforms including MBK COIN and the Angoo Fintech crypto exchange. Purchased BTC with existing cash as a hedge against yen depreciation and for use in real estate settlement services.
BTC Holdings
17.613 BTC
Insufficient history
Stock PriceUpdated 1d ago
224.00 JPY▼ 0.88%
180d
Total financing
1.16B JPY
180d
mNAV
43.65x▼ 0.76%
180d
Leverage
119.3%
180d
Sats/Share
44
180d
Mkt capFD
9.00B JPY
SharesFD
40.16M
Fiat reserve
916.00M JPY
Total reserve
1.12B JPY
Dilution
33.4%
BTC mix
0%
Analytics
FinancialsUnverified
J-GAAPAnnualAs of 2025-10-31
Balance Sheet
Total Assets¥15.4B▼5.7%
Total Liabilities¥10.8B▼11.6%
Stockholders' Equity¥4.7B▲11.4%
Cash & Equivalents¥1.6B▲25.9%
Total Debt¥10.5B▼11.3%
Digital Assets¥305M
Income Statement
Revenue¥3.4B▼23.9%
Operating Income¥285M▼12.6%
Net Income¥-85M▼146.7%
Interest Expense—
Cash Flow
Operating Cash Flow¥2.4B▼24.9%
Instruments
MBK-W18
May '26 – May '28
Outstanding
1.16B JPY
Total
1.16B JPY
| Instrument | Term | Coupon | Principal | Outstanding |
|---|---|---|---|---|
| MBK-W18 | May '26 – May '28 | — | 1.16B JPY | 1.16B JPY |
| Total | 1.16B JPY | |||
Recent Changes
Fri, May 22, 2026
Shares Outstanding
30.7M→30.1M-561.0K(-1.8%)
Post-ToSTNeT-3 buyback 2026-05-22 (treasury +561,000 → 2,697,706; issued unchanged at 32,806,190)
自己株式立会外買付取引（ToSTNeT-3）による自己株式の取得結果に関するお知らせ (Treasury Share Acquisition Result via ToSTNeT-3 — 561,000 shares acquired 2026-05-22 for ¥125,103,000; cumulative 2,618,000 / ¥591,344,100 since 2025-12-12 board authorization)Mon, May 11, 2026
Shares Outstanding
29.7M→30.7M+1.0M(+3.4%)
第三者割当による新株式及び第18回新株予約権の発行に係る払込完了に関するお知らせ (PCK 1M shares + 18th warrants payment completion)
Debt OutstandingIssuanceMBK-W18
1.16B
第三者割当による新株式及び第18回新株予約権の発行に係る払込完了に関するお知らせ (PCK 1M shares + 18th warrants payment completion)
Debt OutstandingIssuancembk-warrant-may-2026
5.0M
第三者割当による新株式及び第18回新株予約権の発行に係る払込完了に関するお知らせ (PCK 1M shares + 18th warrants payment completion)
Fri, May 8, 2026
Shares Outstanding
30.4M→29.7M-715.0K(-2.4%)
Issued 31,806,190 minus prior treasury 1,421,706 (per mbk-buyback-progress-apr-2026) minus 715,000 acquired via ToSTNeT-3 on 2026-05-08.
臨時報告書 (Extraordinary Report — major shareholder change, S100Y29M)Tue, Mar 31, 2026
Shares Outstanding
29.7M→30.4M+640.4K(+2.2%)
Issued 31,806,190 minus treasury 1,421,706. Buyback program (resolved 2025-12-12, period 2026-01-30 to 2026-12-11): cumulative 1,342,000 shares acquired for ¥316,091,100, 53.64% of 2,500,000 share cap.
自己株券買付状況報告書 (Treasury Share Buyback Status — March 2026)Sat, Feb 28, 2026
Shares Outstanding
31.1M→29.7M-1.3M(-4.3%)
31,806,190 issued − 2,062,106 treasury = 29,744,084 outstanding. Treasury jumped +1,342,000 vs Jan 31 reflecting buyback program acquisitions in Feb.
自己株券買付状況報告書 (Treasury Share Buyback Status — February 2026)Sat, Jan 31, 2026
Shares Outstanding
31.1M→31.1M-93(-0.0%)
31,806,190 issued − 720,106 treasury = 31,086,084 outstanding. Corrected 2026-04-27: original Jan 31 buyback report (S100XJZX) had a typo showing issued as 31,086,177; correction (S100Y0WF) restated to 31,806,190.
訂正自己株券買付状況報告書 (Corrected Treasury Share Buyback Status — January 2026)Fiat Reserve
1.45B→916.0M-529.4M(-36.6%)JPY
¥916M = ¥916百万 (Japanese million convention). Disclosed in the use-of-proceeds rationale of the third-party allotment shelf — earmarked for income-property investment, motivating the new capital raise.
有価証券届出書 (Original Securities Registration — third-party allocation 1M shares + 18th warrants, payment 2026-05-11)