Worth reading
7Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Key initiatives
01Immediate purchase of spot ETH
02Allocation of funds for settlement of weekly option sales
Plan assumptionsMarket conditions, the price of ETH, volatility levels, indications provided by SBI VCトレード株式会社, and the progress of our ETH acquisitions
Risks identified by the company
Risk of price fluctuations after acquiring ETH
Risk of losing acquisition opportunities if the price of ETH rises
| Item | Details |
|---|---|
| Plan name | Target Buying Strategy (Cash-Secured Put) |
| Plan assumptions | Market conditions, the price of ETH, volatility levels, indications provided by SBI VCトレード株式会社, and the progress of our ETH acquisitions |
| Key initiatives | Immediate purchase of spot ETH, Allocation of funds for settlement of weekly option sales |
| Risks identified | Risk of price fluctuations after acquiring ETH, Risk of losing acquisition opportunities if the price of ETH rises |
| Publication date | 7 May 2026 |
Items this document does not state (20)
Plan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawalSize of the Target MarketDate of board resolution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The strategy is intended to generate option premium income from the ETH acquisition process itself, thereby controlling the effective cost of acquiring ETH and improving capital efficiency across treasury management. It is also intended to utilize premiums and volatility in the options market as sources of earnings.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.