Remixpoint Reports Earnings, Posts ¥540 Million Operating Loss; Bullish on Crypto Assets for Next Fiscal Year

Remixpoint, which operates in the cryptocurrency sector, announced its financial results for the fiscal year ending March 2025 on May 15th. While the revenue increased by 3.1% to ¥21.1 billion compared to the previous year, the company incurred an operating loss of ¥540 million. The primary cause of the deteriorating performance was the valuation loss on cryptocurrency investments within the newly established fifth segment, 'Financial Investment Business.' As of the end of March, the company held a total of ¥10.5 billion in cryptocurrency assets, which resulted in a ¥2.04 billion valuation loss recorded at the fiscal year-end due to market prices. The cryptocurrency market initially fared well from January to March 2025, buoyed by expectations for the Trump administration, though it faced challenges starting in February...