This week, Ｂｉｔｃｏｉｎ Ｊａｐａｎ's share price continued to decline into early September, and the company announced the launch of legal due diligence on 3 September. Trading activity remained brisk immediately afterward, drawing attention.
The share price fell from ¥87 to ¥77 between 2 September and 8 September, recording a 6.90% decline from the previous day on 3 September and a 6.10% decline on 8 September. The decline was intermittent over the latest 5 trading days, while trading volume on 8 September rose 107% from the previous day to 1,704,200 shares, marking a phase of widening price swings.
As a catalyst, the company disclosed on the same day, 3 September, that it had launched legal due diligence for a rare-earth mining project. While consideration of the new investment project was progressing, the share price continued to move lower immediately after the announcement.
The earnings announcement was made on 10 August 2026. For the first quarter of the fiscal year ending March 2027, revenue was ¥670 million, down 8.4% year on year; operating loss was ¥129 million; and net loss was ¥147 million, indicating a widening loss. Some observers have also noted that performance has continued to deteriorate over the past 12 quarters.