BlockBeats News, May 14th, Metaplanet CEO Simon Gerovich announced on social media that the company plans to list a preferred stock in Japan. If the listing is successful, this product will become the seventh listed preferred stock in the Japanese market and the first perpetual preferred stock.

Due to Japanese listed companies historically paying dividends once or twice a year, while Metaplanet's design considers more frequent distributions, including monthly dividends. This requires detailed work in record date procedures, shareholder identification, dividend calculations, and regular shareholder communication. The company is working closely with partners to build and modernize this infrastructure in a manner that complies with Japanese regulations and market practices. This process is taking longer than initially expected, and understanding is expressed for the uncertainty caused by this.