Remixpoint reports rise in sales, dip in profit

Remixpoint (TSE:3825) announced its consolidated financial results for the nine months ended December 31, 2024, reporting a 12.4% increase in net sales to ¥16.789 billion. However, operating profit declined by 38.8% to ¥777 million. Ordinary profit saw a 12.8% increase, reaching ¥1.459 billion, while profit attributable to owners of parent edged up by 1.1% to ¥1.354 billion. The energy business saw a 5.3% increase in net sales, while the resilience business jumped 26.5%. The company launched a new "financial investment business" which contributed ¥84 million in net sales and ¥67 million in operating profit, and announced plans to acquire ¥5 billion in additional cryptoassets after the reporting period. The company did not set a final dividend yet as it intends to secure stable earnings in its existing businesses, while at the same time considering investment options in new business areas.