Overview
Wholesale Trade

Bitcoin Japan Corporation

Bitcoin Japan Co., Ltd. is a diversified textile and lifestyle company operating across four segments: Material (design twisted yarn manufacturing and wholesale), Fashion (knit-centered OEM/ODM womenswear and home fashion), Kimono (comprehensive wholesale of kimono, jewelry, and accessories to department stores and specialty retailers nationwide), and Healthcare (sleep-improvement bedding and wellness products). The company designs, manufactures, and sells products directly as well as through its Shanghai-based subsidiary, Hotta (Shanghai) Trading Co., Ltd. Its competitive strengths lie in vertically integrated capabilities from yarn manufacturing through finished goods, and a broad distribution network covering department stores and specialty retailers across Japan.

Market Cap
¥4.22B
US$26.9M
EV
¥3.15B
US$20.1M
Stock¥60▼-1.64%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-112.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
4.22BUS$26.9MMarket Cap0.00BUS$0.00M+ Debt1.01BUS$6.46M− Cash0.06BUS$0.36M− Inv. Sec.3.15BUS$20.1MEV
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Performance & Balance
Revenue 5Y (¥B)
3.70US$23.6M'22/33.87US$24.7M'23/33.69US$23.6M'24/33.10US$19.8M'25/32.96US$18.9M'26/3
EBITDA 5Y (¥B)
-0.17-US$1.09M'22/3-0.11-US$0.71M'23/3-0.18-US$1.17M'24/3-0.35-US$2.20M'25/3-0.45-US$2.89M'26/3
Net Income 5Y (¥B)
-0.21-US$1.32M'22/3-0.08-US$0.50M'23/30.02US$0.12M'24/3-0.41-US$2.60M'25/3-0.54-US$3.42M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.08US$6.90M'22/31.02US$6.52M'23/30.47US$3.02M'24/30.53US$3.36M'25/33.07US$19.6M'26/3
Shareholders
Top 10 hold 38.5%
1
BAKKT OPCO HOLDINGS, LLC (Standing Proxy: EVOLUTION JAPAN Securities Co., Ltd.)
24.07%
2
Rakuten Securities, Inc. (Joint Account)
5.27%
3
SBI SECURITIES Co., Ltd.
2.69%
4
MACQUARIE BANK LIMITED DBU AC (Standing Proxy: Citibank, N.A.)
2.09%
5
RIZAP GROUP,Inc.
1.02%
6
Nomura Securities Co., Ltd. (Standing Proxy: Sumitomo Mitsui Banking Corporation)
0.96%
7
Morgan Stanley MUFG Securities Co., Ltd.
0.77%
8
Mitsubishi UFJ eSmart Securities Co., Ltd.
0.56%
9
BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD (Standing Proxy: MUFG Bank, Ltd.)
0.54%
10
J.P.MORGAN SECURIT IES PLC (Standing Proxy: JPMorgan Securities Japan Co., Ltd.)
0.51%
Management
9 officers
Philip LORD
Representative Director, President and CEO
Jan 1994 Joined Capital Group Jan 1996 Joined HSBC Global Banking and Markets Jan 1999 Managing Director, Nomura Oct 2008 Managing Director, CLSA Oct 2010 Managing Director, Jefferies Oct 2013 Managing Director, Queen Street Capital Sep 2016 Managing Director, Fatfish Internet Group Jan 2018 Co-Founder, Pimlico Partners Jan 2020 Non-Executive Director, LUNA PR Feb 2023 President, Oobit Jan 2024 Founder, Lord Investments Group May 2025 Non-Executive Director, Oobit May 2025 International Division President, Bakkt, Inc. Aug 2025 Executive Officer and CEO, the Company Nov 2025 Representative Director, President and CEO, the Company (current)
1974-05-09
Akshay HENATA
Chairman of the Board, Director
Jun 2005 Head of Principal Strategies, Deutsche Bank Jan 2011 Founder and Managing Partner, Knight Assets & Co. Jan 2017 Managing Partner, SoftBank Investment Advisers Jun 2020 Senior Vice President (Investments), SoftBank Group Corp. Jan 2023 Founder and CEO, Distributed Technologies Research (current) Mar 2025 CEO and President, Bakkt, Inc. (current) Nov 2025 Chairman of the Board, Director, the Company (current)
1981-07-23
Masato MORI
COO, Director
Apr 1979 Joined Sumitomo Chemical Co., Ltd. Apr 1982 Joined Max Co., Ltd. Oct 1993 Director, Max Co., Ltd. Jul 2002 Joined Fuji Yakuhin Co., Ltd. Jan 2004 Joined Carrefour Japan K.K. Jan 2005 Joined Riders Support Company Co., Ltd. Mar 2005 Representative Director, Riders Support Company Co., Ltd. Aug 2008 General Manager, Business Promotion Division, RIZAP Group, Inc. Mar 2009 Audit & Supervisory Board Member, Koonyusha Co., Ltd. Jun 2009 Director, RIZAP Group, Inc. Sep 2013 Director, BRUNO Inc. (current name) Sep 2014 Representative Director and President, BRUNO Inc. Apr 2018 Director, Shikata Co., Ltd. May 2018 Representative Director and Chairman, Shikata Co., Ltd. Jan 2019 Executive Officer, RIZAP Group, Inc. Jun 2020 Senior Executive Officer, RIZAP Group, Inc. Jan 2025 Representative Director and Chairman, BRUNO Inc. Jun 2025 Executive Officer in charge of Legal and Risk Management, RIZAP Group, Inc. Apr 2026 Adviser, RIZAP Group, Inc. Jun 2026 COO, Director, the Company (current)
1954-11-18
Junaid SHAH
Outside Director
Sep 2005 Joined Deutsche Bank (London) Sep 2005 Joined Strategic Equity Trading Group (SETG), Deutsche Bank Jul 2010 Director, Deutsche Bank (Hong Kong), including corporate and special situations trader (2007-2014) Jul 2014 Managing Director, Morgan Stanley (Hong Kong); head of Asia Pacific equity derivatives and convertible bond trading (current) Jun 2026 Outside Director, the Company (current)
1983-10-08
Robert JAMESON
Outside Director
Feb 1986 Joined Sanyo Securities Co., Ltd. Feb 1989 Joined Dresdner Securities Jul 1994 Joined Smith New Court Securities (now Merrill Lynch Japan Securities Co., Ltd.) Sep 1996 Joined Nomura International Securities Co., Ltd. (Tokyo Branch) Nov 1999 Joined Instinet Japan Securities Co., Ltd. Oct 2003 Joined TIAA-CREF Investments Aug 2006 Joined Mizuho Securities Co., Ltd. Jul 2008 Joined Jefferies Japan Securities Co., Ltd. Jul 2009 Head of Equity Sales and Chief Internal Auditor, MF Global FXA Securities Co., Ltd. Jul 2012 Consultant, Pelham Smithers Associates Limited (current) Jun 2026 Outside Director, the Company (current)
1960-04-26
Nathaniel LOW
Outside Director
Mar 2008 Joined Skadden, Arps, Slate, Meagher & Flom LLP (Tokyo) Aug 2011 Joined Latham & Watkins LLP (Singapore) Sep 2013 Joined Shearman & Sterling LLP (Tokyo) Dec 2017 Joined King & Spalding LLP (Singapore and Tokyo) Jan 2019 Seconded to Japan Bank for International Cooperation, Energy and Natural Resources Finance Division Jan 2021 Joined White & Case LLP (Tokyo) Feb 2023 Joined DLA Piper (Melbourne) Feb 2024 Joined K&L Gates (Sydney) Nov 2024 Senior Attorney, Hunton Andrews Kurth LLP (Tokyo) (current) Feb 2026 Registered as Foreign Lawyer in Japan Jun 2026 Outside Director, the Company (current)
1970-12-18
Mikio II
Director, Audit and Supervisory Committee Member (Full-time)
Dec 1972 Joined Chiyoda Kimono Co., Ltd., General Affairs Department Apr 2001 Joined Marusho Co., Ltd. (now Bitcoin Japan Co., Ltd.) through merger, Kimono Business Division, Accounting Section Jul 2013 General Manager, Business Management Department, Kimono Business Division, the Company Oct 2017 Credit Management Department, Administration Division, the Company Apr 2018 Internal Audit Office, the Company Jun 2021 Audit & Supervisory Board Member, Yoshiri Co., Ltd. Jun 2021 Full-time Audit & Supervisory Board Member, the Company Jun 2022 Director, Audit and Supervisory Committee Member, the Company (current)
1956-04-02
Satoshi ONO
Director, Audit and Supervisory Committee Member
Apr 1989 Entered Supreme Court Legal Training and Research Institute (43rd class trainee) Apr 1991 Registered as attorney, Daini Tokyo Bar Association Apr 2006 Opened Katsuyama Law Office (now Libra Law & Accounting Office); Head (current) Sep 2019 Outside Director, BRUNO Inc. (current) Apr 2024 Outside Audit & Supervisory Board Member, REXT Holdings (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jun 2026 Outside Director, Toho Lemac Co., Ltd. (current)
1964-10-22
Yasutaka OMURA
Director, Audit and Supervisory Committee Member
Apr 1997 Joined Apollo Law Office Oct 2007 Full-time Audit & Supervisory Board Member, SFCG Co., Ltd. Jun 2008 Director, Solid Group Holdings Co., Ltd. Aug 2009 Registered as Administrative Scrivener Jun 2010 Advisor, Libra Law & Accounting Office Dec 2013 Director, Vision Holdings Co., Ltd. Jun 2014 Senior Managing Director, Optrom Co., Ltd. Oct 2015 Executive Officer, Animate International Company, Ltd. (current) Aug 2018 Established Akihabara Actors & Actress School Co., Ltd.; Representative Director (current) Oct 2018 Audit & Supervisory Board Member, System 14 Co., Ltd. Jan 2023 Advisor, Agile Media Network Co., Ltd. Apr 2024 Advisor, MRK Holdings, Inc. (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1972-03-09
Large Shareholding Reports
Evo Fund
2026-10-08
46.44%→47.74%
Evo Fund
2026-10-07
47.99%→46.44%
Evo Fund
2026-09-30
48.78%→47.99%
Evo Fund
2026-09-18
49.54%→48.78%
Evo Fund
2026-09-15
51.73%→50.76%
Evo Fund
2026-08-25
51.73%→50.76%
Macquarie Bank Limited
2026-06-12
5.31%→1.72%
Bakkt Opco Holdings, LLC
2026-06-05
24.86%→24.86%
Macquarie Bank Limited
2026-06-05
10.00%→5.31%
Bakkt Opco Holdings, LLC
2026-06-05
28.28%→24.86%
Macquarie Bank Limited
2026-02-18
11.02%→10.00%
Macquarie Bank Limited
2026-02-12
12.14%→11.02%
RIZAP Group, Inc.
2026-02-03
6.20%→4.96%
Annual report (as of 2026-03-31): 1.02%
RIZAP Group, Inc.
2026-01-21
7.48%→6.20%
Annual report (as of 2026-03-31): 1.02%
Macquarie Bank Limited
2026-01-20
13.58%→12.14%
RIZAP Group, Inc.
2026-01-14
8.91%→7.48%
Annual report (as of 2026-03-31): 1.02%
RIZAP Group, Inc.
2026-01-13
10.55%→8.91%
Annual report (as of 2026-03-31): 1.02%
Macquarie Bank Limited
2026-01-13
16.59%→13.58%
Bakkt Opco Holdings, LLC
2026-01-09
28.28%→28.28%
Bakkt Opco Holdings, LLC
2026-01-09
28.28%→28.28%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Macquarie Bank Limited
2026-01-09
18.79%→16.59%
Bakkt Opco Holdings, LLC
2026-01-09
28.28%→28.28%
Macquarie Bank Limited
2026-01-08
20.18%→18.79%
Macquarie Bank Limited
2026-01-07
22.92%→20.18%
RIZAP Group, Inc.
2026-01-07
12.07%→10.55%
Annual report (as of 2026-03-31): 1.02%
Macquarie Bank Limited
2025-12-19
22.92%
Bakkt Opco Holdings, LLC
2025-12-18
28.28%→28.28%
RIZAP Group, Inc.
2025-12-17
13.64%→12.07%
Annual report (as of 2026-03-31): 1.02%
RIZAP Group, Inc.
2025-12-05
15.33%→13.64%
Annual report (as of 2026-03-31): 1.02%
RIZAP Group, Inc.
2025-12-03
16.94%→15.33%
Annual report (as of 2026-03-31): 1.02%
RIZAP Group, Inc.
2025-12-02
18.85%→16.94%
Annual report (as of 2026-03-31): 1.02%
RIZAP Group, Inc.
2025-11-28
20.03%→18.85%
Annual report (as of 2026-03-31): 1.02%
RIZAP Group, Inc.
2025-11-27
23.40%→20.03%
Annual report (as of 2026-03-31): 1.02%
RIZAP Group, Inc.
2025-11-26
25.69%→23.40%
Annual report (as of 2026-03-31): 1.02%
RIZAP Group, Inc., Representative Director, President SETO
2025-11-18
25.69%→25.69%
RIZAP Group, Inc., Representative Director, President Ken SETO
2025-11-17
53.97%→25.69%
Bakkt Opco Holdings, LLC
2025-08-12
28.28%
RIZAP Group, Inc., Representative Director, President Ken SETO
2025-08-12
53.97%→25.69%
RIZAP Group, Inc., Representative Director, President Ken SETO
2025-07-31
53.97%→53.97%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-08
Large Shareholding Report
EDINET
2026-10-07
Large Shareholding Report
EDINET
2026-09-30
Large Shareholding Report
EDINET
2026-09-18
Large Shareholding Report
EDINETAmended
2026-09-15
Change Report
EDINET
2026-08-25
Large Shareholding Report
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-16
Securities Registration Statement
EDINET
2026-06-29
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-12
Large Shareholding Report
TDnet
2026-06-08
株主総会招集通知
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-02-18
Large Shareholding Report
EDINET
2026-02-12
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-03
Large Shareholding Report
EDINET
2026-01-21
Large Shareholding Report
EDINET
2026-01-20
Large Shareholding Report
EDINET
2026-01-14
Large Shareholding Report
EDINET
2026-01-13
Large Shareholding Report
EDINET
2026-01-13
Large Shareholding Report
EDINET
2026-01-09
Large Shareholding Report
EDINETAmended
2026-01-09
Change Report
EDINET
2026-01-09
Large Shareholding Report
EDINET
2026-01-09
Large Shareholding Report
EDINET
2026-01-08
Large Shareholding Report
EDINET
2026-01-07
Large Shareholding Report
EDINET
2026-01-07
Large Shareholding Report
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