# Remixpoint,inc.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第23期(2025/04/01－2026/03/31) (S100YJHT)
> Page: https://vizora.meequs.com/en/company/remixpoint
> Retrieved: 2026-09-30T18:55:17.687Z

## Company

Remixpoint, founded in 2004, is a company in Batteries listed on TSE Standard. It has 179 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Remixpoint,inc. |
| Ticker | 3825 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3825.T) |
| Listing | TSE Standard |
| Head office | 東京都港区虎ノ門四丁目3番9号 |
| Representative (per filing) | 代表取締役社長CEO 高橋 由彦 |
| Founded | Mar 2004 |
| Share capital | ¥5.69B |
| Employees (consolidated) | 179 |
| Average salary (parent only) | ¥5.6M |
| Fiscal year end | March |
| Website | www.remixpoint.co.jp (https://www.remixpoint.co.jp/) |
| Corporate number | 3010001110827 |
| EDINET | E05645 |
| Industries (Vizora) | Batteries, Electric Power & Gas, Crypto & Blockchain, Advertising |

> Profile source: annual securities report (S100YJHT, filed 2026-06-24). As of filing

## Five-axis industry profile

Primary industry: Electric Power & Gas (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 48.8 | 42 |
| Profitability | 1.1 | 44 |
| Efficiency | 53.4 | 44 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 89% of Remixpoint's sales come from Energy business, with ElectricityStorageSolutionBusinessReportableSegmentMember and Other business making up much of the rest.
- It lost about ¥31 for every ¥100 of sales at the operating level.
- Revenue changed -16.0% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥17.8B |  |
| Operating income | -¥5.48B | Margin -30.9% |
| Net income | -¥4.74B | Margin -26.7% |
| Free cash flow | -¥13.5B |  |
| Largest business | Energy business | of segment revenue 89.2% |
| Employees (consolidated) | 179 |  |
| EPS | ¥-34.46 |  |
| Book value per share | ¥161.72 |  |
| Equity ratio | 86.5% |  |
| Shares outstanding | 149,044,800 |  |
| Treasury shares | 2,435,000 |  |
| Shareholders | 68,123 |  |
| Average salary (parent only) | ¥5.6M | Filing company only |
| Cash ratio | 7.2% | Cash ÷ revenue 11.2% |
| Vs. industry median margin | -37.8 pp | Electric Power & Gas |
| ROA | -19.6% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 65% of positive segment profit
- FY2026, operating loss is 31 per ¥100 of revenue
- FY2026, parent-company salary changed +25% over five years

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥13217000000 | ¥17751000000 | +34.3% |
| Operating income | ¥-2888000000 | ¥-5477000000 | — |
| Operating margin | -21.9% | -30.9% | -9 pp |
| Employees | 181 people | 179 people | -1.1% |
| Cash and equivalents | ¥2889000000 | ¥1994000000 | -31.0% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| エネルギー事業 → エネルギー事業 | 39.9% |
| 自動車関連事業 → 事業再編・廃止 | 22.9% |
| 自動車事業 → 事業再編・廃止 | 22.9% |
| レジリエンス事業 → 事業再編・廃止 | 4.8% |
| 金融関連事業 → 事業再編・廃止 | 7.4% |
| 感染症対策関連事業 → 事業再編・廃止 | 2.1% |
| 新設・再編 → エネルギー事業 | 49.3% |
| 新設・再編 → 蓄電ソリューション事業 | 10.1% |
| 新設・再編 → その他事業 | 0.7% |

Segment revenue source references: 10 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Energy business | 5 years | +25.1% | ¥21092000000 | 4.9% | 2 |
| ElectricityStorageSolutionBusinessReportableSegmentMember | — | — | ¥2392000000 | 23.4% | 2 |
| Other business | 3 years | -71.8% | ¥154000000 | -9.7% | 2 |

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 17,751 | 100.0% | S100YJHT |
| Cost of revenue | 20,037 | 112.9% | S100YJHT |
| Gross profit | -2,285 | -12.9% | S100YJHT |
| SG&A | 3,191 | 18.0% | S100YJHT |
| Operating income | -5,477 | -30.9% | S100YJHT |
| Ordinary income | -5,501 | -31.0% | S100YJHT |
| Pretax income | -4,710 | -26.5% | S100YJHT |
| Income tax | 29 | 0.2% | S100YJHT |
| Net income | -4,740 | -26.7% | S100YJHT |
| Net income attributable to owners | -4,740 | -26.7% | S100YJHT |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 113 |
| SG&A | 18 |
| Operating income | -31 |
| (Ref.) Net income | -27 |

### Margin funnel

Gross margin -12.9% → Operating margin -30.9% → Net margin -26.7%
Derived from reported figures (DERIVED).

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 21,129 | 17,751 | -3,378 | -16.0% |
| Gross profit | 1,934 | -2,285 | -4,219 | -218.1% |
| Operating income | -1,211 | -5,477 | -4,266 | — |
| Net income attributable to owners | -593 | -4,740 | -4,147 | — |
| Operating cash flow | -7,967 | -12,107 | -4,140 | — |
| Free cash flow | -8,297 | -13,478 | -5,181 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 11,229 | -1,198 | -10.7% | -5,173 | -3,752 | -4,180 | S100LQX8 |
| FY ending Mar 2021 | 13,217 | -2,888 | -21.9% | -2,974 | -3,075 | -3,320 | S100OJ9A |
| FY ending Mar 2022 | 28,753 | 8,205 | 28.5% | 6,913 | -429 | -723 | S100R70M |
| FY ending Mar 2023 | 32,789 | -1,850 | -5.6% | 3,267 | -6,843 | -7,137 | S100TW6O |
| FY ending Mar 2024 | 20,487 | 1,743 | 8.5% | 1,070 | 2,447 | 2,406 | S100W5OC |
| FY ending Mar 2025 | 21,129 | -1,211 | -5.7% | -593 | -7,967 | -8,297 | S100YJHT |
| FY ending Mar 2026 | 17,751 | -5,477 | -30.9% | -4,740 | -12,107 | -13,478 | S100YJHT |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥99.2M |
| Operating income per employee (consolidated) | -¥30.6M |
| Net income per employee (consolidated) | -¥26.5M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 199 | 147 | 256 | 272 | 179 |
| Average salary (parent company) | ¥4.4M | ¥6.4M | ¥4.2M | ¥4.6M | ¥5.6M |
| Average age (parent company) | 36.0 years | 37.0 years | 37.0 years | 37.1 years | 37.2 years |
| Average tenure (parent company) | 3.0 years | 4.0 years | 4.0 years | 4.0 years | 4.0 years |

Year over year: Employees (consolidated) -34.2% · Revenue (consolidated) -16.0%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| DigitalAssetsManagementBusinessReportableSegmentMember | -5,887 | -33.2% | -5,887 | 100.0% |
| Energy business | 21,092 | 118.8% | 1,036 | 4.9% |
| ElectricityStorageSolutionBusinessReportableSegmentMember | 2,392 | 13.5% | 559 | 23.4% |
| Other business | 154 | 0.9% | -15 | -9.7% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Profit share | Margin |
| --- | ---: | ---: |
| DigitalAssetsManagementBusinessReportableSegmentMember | — | — |
| Energy business | 65.0% | 4.9% |
| ElectricityStorageSolutionBusinessReportableSegmentMember | 35.0% | 23.4% |
| Other business | — | -9.7% |

Loss-making segment (excluded from profit shares): DigitalAssetsManagementBusinessReportableSegmentMember -5,887 JPY mn

Loss-making segment (excluded from profit shares): Other business -15 JPY mn

Segment → industry: ElectricityStorageSolutionBusinessReportableSegmentMember → Batteries / Energy business → Electric Power & Gas / DigitalAssetsManagementBusinessReportableSegmentMember → Crypto & Blockchain / Other business → Advertising

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -12,107 | -68.2% | S100YJHT |
| Capital expenditure | 1,371 | 7.7% | S100YJHT |
| Free cash flow | -13,478 | -75.9% | 算出 |
| Investing cash flow | -2,322 | -13.1% | S100YJHT |
| Financing cash flow | 11,320 | 63.8% | S100YJHT |
| Change in cash | -3,109 | -17.5% | S100YJHT |
| Cash and equivalents | 1,994 | 11.2% | S100YJHT |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 4,896 | 11,173 | 13,577 | 5,103 | 1,994 | S100TW6O, S100W5OC, S100YJHT |
| Total assets | 72,968 | 19,271 | 19,714 | 20,543 | 27,721 | S100R70M, S100TW6O, S100W5OC, S100YJHT |
| Net assets | 14,114 | 16,826 | 17,969 | 17,911 | 23,988 | S100TW6O, S100W5OC, S100YJHT |
| Share capital | 7,180 | 7,877 | 10 | 279 | 5,686 | S100R70M, S100TW6O, S100W5OC, S100YJHT |
| Property, plant and equipment | 86 | 107 | 208 | 487 | 1,590 | S100R70M, S100TW6O, S100W5OC, S100YJHT |
| Intangible assets excluding goodwill | 677 | 83 | 93 | 88 | 96 | S100R70M, S100TW6O, S100W5OC, S100YJHT |
| Investment securities | 67 | 70 | 37 | 350 | 0 | S100R70M, S100TW6O, S100W5OC, S100YJHT |
| Current assets | 71,147 | 17,620 | 17,714 | 18,657 | 23,374 | S100R70M, S100TW6O, S100W5OC, S100YJHT |
| Current liabilities | 58,853 | 2,445 | 1,322 | 2,519 | 3,732 | S100R70M, S100TW6O, S100W5OC, S100YJHT |
| Short-term borrowings | — | — | 100 | 200 | 500 | S100W5OC, S100YJHT |
| Long-term borrowings | — | — | 422 | 111 | — | S100W5OC, S100YJHT |
| Total liabilities | 58,853 | 2,445 | 1,744 | 2,631 | 3,732 | S100R70M, S100TW6O, S100W5OC, S100YJHT |
| Equity attributable to owners of parent | 14,096 | 16,819 | 17,962 | 17,906 | 23,979 | S100R70M, S100TW6O, S100W5OC, S100YJHT |
| Retained earnings | -268 | 7,629 | 8,462 | 7,868 | 3,128 | S100R70M, S100TW6O, S100W5OC, S100YJHT |
| Treasury stock | -18 | -1,956 | -1,173 | -1,173 | -1,173 | S100R70M, S100TW6O, S100W5OC, S100YJHT |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 7% | S100YJHT |
| Property, plant and equipment | 6% | S100YJHT |
| Intangibles and goodwill | 0% | S100YJHT |
| Other assets | 87% | S100YJHT |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 13% | S100YJHT |
| Equity | 87% | S100YJHT |
| Other liabilities | 0% | S100YJHT |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 72,968 | 19,271 | 19,714 | 20,543 | 27,721 |
| Equity | 14,114 | 16,826 | 17,969 | 17,911 | 23,988 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 4,896 | 11,173 | 13,577 | 5,103 | 1,994 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 9.0% | S100YJHT |
| Fixed assets ÷ total assets | 5.7% | S100YJHT |
| Goodwill ÷ parent equity | — | —, S100YJHT |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 7.2% |
| Cash ÷ revenue | 11.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | -7,367 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 7.7% |
| Investing CF relative to operating CF | — |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 24.0% | 0.39× | 9.5% | 5.18× | 49.0% | S100R70M |
| 2023 | 10.0% | 0.71× | 7.1% | 2.98× | 21.1% | S100TW6O |
| 2024 | 5.2% | 1.05× | 5.5% | 1.12× | 6.2% | S100W5OC |
| 2025 | — | —× | -2.9% | —× | — | S100YJHT |
| 2026 | — | —× | -19.6% | —× | — | S100YJHT |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 有賀 照家 | Major shareholder | 2.6% | 2026-03-31 |
| トウカイトウキョウセキュリティーズアジアリミテッド（常任代理人 東海東京証券株式会社） | Major shareholder | 1.4% | 2026-03-31 |
| モロフジ株式会社 | Major shareholder | 1.3% | 2026-03-31 |
| 楽天証券株式会社共有口 | Major shareholder | 1.1% | 2026-03-31 |
| 株式会社MAYAINVESTMENT | Major shareholder | 0.8% | 2026-03-31 |
| モルガン・スタンレーMUFG証券株式会社 | Major shareholder | 0.8% | 2026-03-31 |
| 堀越 寶世 | Major shareholder | 0.7% | 2026-03-31 |
| 上田八木短資株式会社 | Major shareholder | 0.7% | 2026-03-31 |
| 小田 玄紀 | Major shareholder | 0.6% | 2026-03-31 |
| BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD （常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 0.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第23期(2025/04/01－2026/03/31) | S100YJHT | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJHT,, |
| 有価証券報告書－第22期(2024/04/01－2025/03/31) | S100W5OC | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W5OC,, |
| 有価証券報告書－第21期(2023/04/01－2024/03/31) | S100TW6O | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TW6O,, |
| 有価証券報告書－第20期(2022/04/01－2023/03/31) | S100R70M | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R70M,, |
| 有価証券報告書－第19期(令和3年4月1日－令和4年3月31日) | S100OJ9A | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OJ9A,, |
| 有価証券報告書－第18期(令和2年4月1日－令和3年3月31日) | S100LQX8 | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LQX8,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).