{
 "as_of": "2026-11-06",
 "cmr": "jp-cm-kg/TSE-STANDARD/3350",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Metaplanet Inc. (Standard Market: 3350) — research page\n\nAs of 2026-11-06 · jp-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Metaplanet Inc., listed on the Standard Market under ticker 3350, with LEI 3538006DGBY53D3UEV95. The ISIN is not on the record, as GLEIF maps no ISIN to this LEI. The security type is Corporate, the sector is 6050 Wholesale Trade, and the jurisdiction is Japan (EDINET domestic filer). The segment is not on the record. The issuer is listed and not halted.\n\n## The disclosure read\n\nThe record holds 82 filings across 30 filing days in the window 2025-11-06 to 2026-11-06, of which 45 are prospectus, 14 ad hoc, 12 corporate news, 9 regulatory filing and 2 results. The median gap between filing days is 11 days. The latest filing is dated 2026-11-02 and is of type corporate_news, 4 days before the record date of 2026-11-06. The exchange median cadence gap is 67.5 days, with a median of 7 filings and a median latency of 107 days across 1559 issuers. The sector median cadence gap is 61.0 days, with a median of 8 filings and a median latency of 91.0 days across 299 issuers.\n\n## Auditor\n\nThe auditor of record is 監査法人やまぶき. Its location is not on the record. Auditor changes are not on the record.\n\n## Events and halts\n\nThe record does not carry listing, delisting, name change, domicile change or segment move events, as no lifecycle type map exists for this register. The issuer is listed and not halted.\n\n## Orderability\n\nFor the client category Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the subject's record carries no instrument class to place within it. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nThe record names 2 research houses on the issuer's investor-relations page: Benchmark Equity Research and Storm Corporate Research.\n\n## Open research\n\nThe record holds 3 openly published research notes: The Benchmark Company, LLC on 2025-07-11, The Benchmark Company, LLC on 2025-06-30, and Storm Corporate Research on 2025-06-16.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No sealed years hold the issuer, no earliest sealed date is recorded for the market, and the live record start date is not on the record.\n\n## Sources\n\n12 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx (identity.exchange)\n- https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip (identity.jurisdiction)\n- https://api.gleif.org/api/v1/lei-records/3538006DGBY53D3UEV95 (identity.lei)\n- https://mcp.jp-cm-kg.ai/events/TSE-STANDARD/3350 (the disclosure lines)\n- https://www.jpx.co.jp/markets/equities/suspended/index.html (the halt flag)\n- https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XTWY (the auditor)\n- https://mcp.jp-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://metaplanet.jp/en/reports (coverage)\n- https://metaplanet.jp/media-resources/en/2/benchmark-equity-research-faqs-to-initiation-of-coverage.pdf (open research)\n- https://metaplanet.jp/media-resources/en/1/benchmark-equity-research.pdf (open research)\n- https://metaplanet.jp/media-resources/en/1bbf4fa2-1003-46af-acb7-152ea9a5b8a7/storm-corporate-research-20250618T165801032Z.pdf (open research)\n- https://mcp.jp-cm-kg.ai/record/TSE-STANDARD/3350 (the record)\n",
 "market": "JP",
 "node": "jp-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the JP vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "EDINET XBRL-to-CSV facts (API v2 type=5, 有価証券報告書 docTypeCode 120) — element jpcrp_cor:AuditFirm1Consolidated",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XTWY",
    "state": "sourced",
    "value": "監査法人やまぶき"
   },
   "auditor_firm_id": {
    "market": "JP",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "JP",
    "state": "not_on_record"
   },
   "changes": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "jp-cm-kg/TSE-STANDARD/3350",
  "coverage": {
   "count": 2,
   "houses": [
    {
     "house": "Benchmark Equity Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "since": "2025-06-30",
     "source": "https://metaplanet.jp/en/reports",
     "state": "sourced"
    },
    {
     "house": "Storm Corporate Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "since": "2025-06-16",
     "source": "https://metaplanet.jp/en/reports",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://metaplanet.jp/en/reports",
     "result": "read: 2 of 5 named houses found on the page"
    },
    {
     "page": "https://metaplanet.jp/media-resources/en/3/chardan-research.pdf",
     "result": "not readable by this rail (400)"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "stated per house where the page states it",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 1559,
     "median_cadence_gap_days": 67.5,
     "median_filings": 7,
     "median_latency_days": 107,
     "name": "Standard Market"
    },
    "sector": {
     "issuers": 299,
     "median_cadence_gap_days": 61,
     "median_filings": 8,
     "median_latency_days": 91,
     "name": "6050 Wholesale Trade"
    }
   },
   "by_type": {
    "ad_hoc": 14,
    "corporate_news": 12,
    "prospectus": 45,
    "regulatory_filing": 9,
    "results": 2
   },
   "cadence_median_gap_days": 11,
   "filing_days": 30,
   "filings": 82,
   "latency_days": 4,
   "latest": [
    {
     "category": "自己株券買付状況報告書 (share buy-back status report)",
     "date": "2026-11-02",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100ZB9R",
     "title": "自己株券買付状況報告書（法２４条の６第１項に基づくもの）",
     "type": "corporate_news"
    },
    {
     "category": "090",
     "date": "2026-10-23",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z9RK",
     "title": "訂正発行登録書",
     "type": "prospectus"
    },
    {
     "category": "090",
     "date": "2026-10-23",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z9RJ",
     "title": "訂正発行登録書",
     "type": "prospectus"
    },
    {
     "category": "臨時報告書 (extraordinary report)",
     "date": "2026-10-23",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z9RI",
     "title": "臨時報告書",
     "type": "ad_hoc"
    },
    {
     "category": "090",
     "date": "2026-10-14",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z7U6",
     "title": "訂正発行登録書",
     "type": "prospectus"
    }
   ],
   "latest_filing_date": "2026-11-02",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-STANDARD/3350",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Standard Market"
   },
   "isin": {
    "market": "JP",
    "reason": "GLEIF maps no ISIN to this LEI",
    "state": "not_on_record"
   },
   "jurisdiction": {
    "read_by": "EDINET code list (Edinetcode.zip, filer master with corporate number) (提出者種別)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip",
    "state": "sourced",
    "value": "Japan (EDINET domestic filer)"
   },
   "lei": {
    "read_by": "GLEIF registeredAs = EDINET corporate number (RA000412; GLEIF golden copy 2026-09-12)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/3538006DGBY53D3UEV95",
    "state": "sourced",
    "value": "3538006DGBY53D3UEV95"
   },
   "name": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Metaplanet Inc."
   },
   "sector": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English) (33-sector classification)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "6050 Wholesale Trade"
   },
   "security_type": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "JP",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "3350"
   },
   "website": {
    "market": "JP",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "JP",
  "node": "jp-cm-kg",
  "numbers_hash": "sha256:53d12c325dae63f923d857c1d0cdf835b4f6a12bfde4349ed8b5d54f11662259",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2025-07-11",
     "kind": "issuer-sponsored",
     "publisher": "The Benchmark Company, LLC",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://metaplanet.jp/media-resources/en/2/benchmark-equity-research-faqs-to-initiation-of-coverage.pdf",
     "state": "sourced",
     "title": "Answers to Frequently Asked Questions Arising from Our Initiation of Coverage: Key Points of Difference Between Metaplanet's Strategy and Those of Bitcoin Treasury Company Peers in Focus"
    },
    {
     "date": "2025-06-30",
     "kind": "issuer-sponsored",
     "publisher": "The Benchmark Company, LLC",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://metaplanet.jp/media-resources/en/1/benchmark-equity-research.pdf",
     "state": "sourced",
     "title": "Rising Sun, Rising Sats: Metaplanet Emerges as Japan's Answer to MSTR with Bitcoin Acquisition Strategy Aimed at Hyper-Accumulation; Initiating Coverage at Buy, JPY2,400 Price Target"
    },
    {
     "date": "2025-06-16",
     "kind": "issuer-sponsored",
     "publisher": "Storm Corporate Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://metaplanet.jp/media-resources/en/1bbf4fa2-1003-46af-acb7-152ea9a5b8a7/storm-corporate-research-20250618T165801032Z.pdf",
     "state": "sourced",
     "title": "Metaplanet (3350) / 16th June 2025"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Qualified Institutional Investors"
   ],
   "outcomes": {
    "Qualified Institutional Investors": {
     "determinable": false,
     "reason": "the rule states a product scope and the subject's record carries no instrument class to place within it",
     "signal": null
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.jp-cm-kg.ai/book/aio.json",
    "door": "https://mcp.jp-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/jp/suitability-principle-fiea-article-40/r1",
   "section": "jp.aio.v6"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.jp-cm-kg.ai/record/TSE-STANDARD/3350",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:53d12c325dae63f923d857c1d0cdf835b4f6a12bfde4349ed8b5d54f11662259",
 "path": "/jp/TSE-STANDARD/3350",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Metaplanet Inc., listed on the Standard Market under ticker 3350, with LEI 3538006DGBY53D3UEV95. The ISIN is not on the record, as GLEIF maps no ISIN to this LEI. The security type is Corporate, the sector is 6050 Wholesale Trade, and the jurisdiction is Japan (EDINET domestic filer). The segment is not on the record. The issuer is listed and not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 82 filings across 30 filing days in the window 2025-11-06 to 2026-11-06, of which 45 are prospectus, 14 ad hoc, 12 corporate news, 9 regulatory filing and 2 results. The median gap between filing days is 11 days. The latest filing is dated 2026-11-02 and is of type corporate_news, 4 days before the record date of 2026-11-06. The exchange median cadence gap is 67.5 days, with a median of 7 filings and a median latency of 107 days across 1559 issuers. The sector median cadence gap is 61.0 days, with a median of 8 filings and a median latency of 91.0 days across 299 issuers.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is 監査法人やまぶき. Its location is not on the record. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record does not carry listing, delisting, name change, domicile change or segment move events, as no lifecycle type map exists for this register. The issuer is listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For the client category Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the subject's record carries no instrument class to place within it. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, with the chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The record names 2 research houses on the issuer's investor-relations page: Benchmark Equity Research and Storm Corporate Research.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 3 openly published research notes: The Benchmark Company, LLC on 2025-07-11, The Benchmark Company, LLC on 2025-06-30, and Storm Corporate Research on 2025-06-16.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No sealed years hold the issuer, no earliest sealed date is recorded for the market, and the live record start date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "12 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip"
  },
  {
   "for": "identity.lei",
   "source": "https://api.gleif.org/api/v1/lei-records/3538006DGBY53D3UEV95"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-STANDARD/3350"
  },
  {
   "for": "the halt flag",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html"
  },
  {
   "for": "the auditor",
   "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XTWY"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.jp-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://metaplanet.jp/en/reports"
  },
  {
   "for": "open research",
   "source": "https://metaplanet.jp/media-resources/en/2/benchmark-equity-research-faqs-to-initiation-of-coverage.pdf"
  },
  {
   "for": "open research",
   "source": "https://metaplanet.jp/media-resources/en/1/benchmark-equity-research.pdf"
  },
  {
   "for": "open research",
   "source": "https://metaplanet.jp/media-resources/en/1bbf4fa2-1003-46af-acb7-152ea9a5b8a7/storm-corporate-research-20250618T165801032Z.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.jp-cm-kg.ai/record/TSE-STANDARD/3350"
  }
 ],
 "title": "Metaplanet Inc. (3350) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}