ENVALITH
株式会社リミックスポイント logo

Remixpoint,inc.

3825・Standard Market・Retail Trade

Official website
株式会社リミックスポイント logo
Remixpoint,inc.3825

Business

Remix Point Inc. is a TSE Standard-listed company built around three core businesses: electricity retail (Energy Business), energy-saving consulting and storage battery sales (Energy Storage Solutions Business), and the acquisition, holding, and management of crypto assets centered on Bitcoin (Digital Asset Management Business). Founded in 2004 and listed in 2006, the company has expanded its business domains at each turning point of societal change, including electricity market liberalization, crypto assets, and GX (Green Transformation) policy. As of the end of FY2026 (ending March 2026), the group consists of three companies: the Company itself, Epsilon Holdings, and Seal Engineering. The Medical Business was withdrawn from in May 2025. Major customers are electricity consumers (high-voltage corporate, low-voltage corporate, and low-voltage individual) and storage battery purchasers (residential and industrial).

Business Model

In the Energy Business, the company generates ¥21,092 million in revenue (FY2026, ending March 2026) from electricity retail through its agency network, securing stable profits by diversifying JEPX price fluctuation risk across a variety of pricing plans, including Market-Linked, Fixed-Rate, and hybrid Market-Linked/Fixed-Rate Electricity Plans. In the Energy Storage Solutions Business, the company pursues high profitability through storage battery sales via agencies, energy-saving consulting, FIP conversion support, and anonymous partnership investments in grid-connected storage batteries. In the Digital Asset Management Business, funds raised through a stock acquisition rights scheme with EVO FUND are allocated to acquiring bitcoin, with monetization pursued through crypto asset lending and other means.

Company Strengths

As of the end of FY2026 (ending March 2026), total contracted capacity for high-voltage customers increased approximately 16.4% year on year, the number of contracts for low-voltage corporate customers increased approximately 77.2% year on year, and the number of contracted units for low-voltage individual customers increased approximately 79.2% year on year, as customer acquisition accelerated significantly across all categories through the strengthening of the agency network. Energy Business net sales rose 2.1% year on year to ¥21,092 million.

The Energy Storage Solutions Business achieved net sales of ¥2,392 million (up 74.6% year on year) and segment operating income of ¥559 million (up 93.0% year on year) in FY2026 (ending March 2026). Contributing factors included growth in sales volumes of the in-house brand remixbattery (Home Hybrid Energy Storage System) for both residential and industrial applications, increased Energy-Saving Consulting & Subsidy Application Support revenue from subsidy-approved projects, and DX Training Services & Grid Storage Battery Position Sales (Seal Engineering).

As of the end of FY2026 (ending March 2026), the equity ratio stood at 86.5% and net assets totaled ¥23,988 million. Through a share subscription rights scheme with EVO FUND, the company raised a total of ¥10.7 billion, expanding total crypto asset acquisitions to a scale of ¥22.9 billion. Cash flow from financing activities was an inflow of ¥11,320 million, achieving both capital reinforcement and business investment simultaneously.

ENVALITH's Perspective

Of the ¥5,477 million operating loss for FY2026 (ending March 2026), the Digital Asset Management Business segment loss of ¥5,887 million (including crypto asset valuation losses of ¥5,893 million) was the dominant factor. The Bitcoin holdings, acquired for a total of approximately ¥22.9 billion, have a structure in which performance is directly linked to geopolitical risks such as US-China trade friction and Middle East tensions, as well as market sentiment. As uncertainty over the outlook for the crypto asset market continues as an external factor, the swings in profit and loss are likely to remain large going forward. The recording of ¥14,970 million in Crypto Asset Lending also warrants close attention as a new risk factor.

Energy Business segment profit for FY2026 (ending March 2026) came to only ¥1,036 million (down 25.7% year on year), one major factor being the recording of ¥583 million in capacity contribution payments as cost of sales. The capacity contribution burden for FY2027 (ending March 2027) is expected to increase roughly 1.8-fold to ¥1,035 million, posing a risk of offsetting the revenue growth effect from an increasing customer base. As an external factor, there are also concerns that LNG and crude oil prices remaining elevated due to intensifying tensions in the Middle East could spill over into power procurement costs, leaving the profit level of the Energy Business uncertain going forward.

In FY2026 (ending March 2026), the business structure changed significantly within a short period, including the discontinuation of the Medical Business, a segment name change, and the resolution on an absorption-type company split for the Energy Business. The earnings forecast for FY2027 (ending March 2027) has not been disclosed, and the dividend forecast is also undetermined. The conglomerate structure, encompassing disparate businesses such as crypto assets, storage batteries, and electricity retail, makes it difficult to evaluate each business individually. On the other hand, the high growth of the Energy Storage Solutions Business and the expansion of the customer base in the Energy Business can be credited as actual achievements. There is no note regarding going concern assumptions.

Growth Strategy

Aiming to enhance corporate value through the spin-off and flexible operation of the Energy Business, alongside revenue diversification via storage batteries and crypto assets

Plans to execute an absorption-type split of the electricity retail business into a wholly owned subsidiary, with an effective date of October 1, 2026 (planned). The aim is to enable rapid response to electricity price fluctuations driven by factors such as escalating tensions in the Middle East, and to restructure the business portfolio through M&A. Contingent on shareholder meeting approval (scheduled for June 25, 2026).

Promoting the strengthening of FIT-to-FIP conversion projects and early entry into the grid-connected storage battery market. Investment has already been made in Godo Kaisha NC Pioneer through an anonymous partnership investment scheme. In FY2026 (ending March 2026), achieved net sales of ¥2,392 million and segment profit of ¥559 million, demonstrating high growth. Capital expenditure is also accelerating, with an increase in tangible fixed assets of ¥609 million.

Raised a total of ¥10.7 billion through a stock acquisition rights scheme with EVO FUND, achieving a total crypto asset acquisition amount of ¥22.9 billion, centered on Bitcoin, as of March 31, 2026. Recorded Crypto Asset Lending of ¥14,970 million, beginning to create revenue opportunities utilizing held assets. However, a valuation loss of ¥5,893 million was recorded in FY2026 (ending March 2026).

Through strengthening of the sales agency network, achieved year-on-year increases as of the end of FY2026 (ending March 2026) of 16.4% in total contracted high-voltage capacity, 77.2% in low-voltage corporate customers, and 79.2% in low-voltage individual customers. In FY2027 (ending March 2027), an increase in capacity contribution fee burden of ¥1,035 million is expected, but the company aims to offset this through revenue growth from an expanding customer base.

By resolution of the Board of Directors on April 23, 2026, granted 21,630 stock acquisition rights (covering 2,163,000 shares) to a total of 44 directors and employees, with an exercise price of ¥226 and an exercise period from August 2026 to August 2031. Exercisable when the share price is ¥500 or above, with the rights becoming void if the price falls below ¥150.

Last updated: July 19, 2026