Japan’s Kitabo Joins Growing List of Asian Firms Turning to Bitcoin Amid Financial Strain

A century-old Japanese textile firm has develop into the most recent financially battered agency to show to Bitcoin as a treasury asset, asserting plans to buy as much as $5.4 million (800 million yen) in crypto to stabilize its backside line after years of losses and muted money stream.

Kitabo Co., Ltd., a Tokyo Inventory Alternate-listed textile producer that produces artificial fibers and industrial supplies, introduced in a statement on Tuesday that it’ll start step by step buying Bitcoin utilizing dollar-cost averaging beginning this month. 

The transfer marks the corporate’s full-scale entry into the “cryptocurrency and real-world asset enterprise,” it mentioned.

Kitabo is now amongst a rising roster of Asian companies adopting Bitcoin treasury methods, as conventional firms more and more view the digital asset as a hedge in opposition to financial debasement and a basis for worldwide enterprise operations.

“So as to add Bitcoin to its stability sheet is a strong testomony to this development’s growth past the tech sector,” HashKey Group chief analyst Jeffrey Ding informed Decrypt.

Kitabo Co. reported a 24.7% year-over-year improve in income for fiscal 2025, however nonetheless ended the 12 months with a web lack of $379,357 (¥55.8 million) and damaging working money stream of $52,348 (¥7.7 million). 

This adopted a fair steeper lack of $785,000 (¥115.6 million) in fiscal 2024, when the corporate relied on one-time positive aspects to offset weak core efficiency. 

Hoping to shore up these losses, Kitabo plans to amass Bitcoin via home crypto exchanges utilizing funds raised from its Fourth Collection of Inventory Acquisition Rights. 

The corporate additionally intends to make use of the crypto for “cross-border providers, together with partnerships with varied abroad companies,” positioning Bitcoin as a “foundational asset for selling various enterprise methods.”

Kitabo Co. plans to generate yield on its Bitcoin holdings by lending parts to crypto lending firms for secure returns, it mentioned.

Whereas the development is barely new, business specialists view the transfer as indicative of a broader company awakening to Bitcoin’s potential as a treasury asset. 

“Traditionally, money and money equivalents fashioned the majority of company treasuries,” Zakhil Suresh CMT, founder & CEO at crypto asset supervisor BitSave, informed Decrypt. “However now, increasingly more firms are waking as much as the concept money is not protected.”

“This is not about chasing returns—it is about defending the buying energy of the corporate in a world of fixed financial growth,” Suresh added.

The company Bitcoin adoption development has gained momentum throughout Asia, with Metaplanet leading the charge as Japan’s most outstanding company Bitcoin holder. With 16,352 BTC value roughly $1.95 billion, Metaplanet ranks seventh globally, based on Bitcoin Treasuries information.

Kitabo Co. is buying and selling at $1.52 (¥237.00) per Google Finance information, up 0.85% on the day and greater than 100% from its 52-week low.