Metaplanets a significant step: Shareholders approve capital reform with new dividend strategy

The extraordinary general meeting of Metaplanet concluded with a clear success – all five proposals to reshape the capital base received unanimous approval. This achievement marks a turning point in the financial strategy of the Japanese company and opens new possibilities for more flexible payout policies as well as strategic share buybacks.

New Flexibility through MARS Structure and Increased Preferred Share Capacity

At the core of the resolutions is the introduction of MARS (Metaplanet Adjustable Rate Security) – an innovative monthly variable dividend system for Class A preferred shares. This model responds to prevailing market conditions and offers investors a more resilient and predictable yield profile with improved price stability.

In parallel, Metaplanet significantly increases the authorized issuance amount of its preferred shares: the capacity for both Class A and Class B shares is doubled from approximately 277.5 million to 555 million shares. This provides the company with considerably more financial flexibility for strategic investments and distributions.

Reallocation of Capital Reserves for Expanded Actionability

The technical core of this achievement lies in the reallocation of share capital and capital reserves into capital surplus. This process enables Metaplanet to pay larger dividends on preferred shares while also creating room for potential share buybacks. The company thereby gains significantly more financial agility and can respond more quickly to market developments and opportunities to enhance shareholder value.

Revised Conditions for Class-B Shares

The preferred shares of Class B have also been restructured to create a balanced mix of corporate flexibility and investor protection. The approved changes include a quarterly distribution plan, an issuer’s redemption option after ten years at 130%, and a shareholder sale right if an IPO is not realized within twelve months. These mechanisms aim to strengthen investor confidence while preserving Metaplanet’s long-term strategic options.

The unanimous approval of all proposals underscores the strong trust of shareholders in the company’s long-term vision to expand dividend flexibility, increase capital efficiency, and access global institutional capital.