Remixpoint : (Delayed)Consolidated Financial Results for the Nine Months Ended December 31, 2021

-Disclaimer: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. This document does not contain or constitute any guarantee and the Company will not compensate any losses and/or damage stemming from actions taken based on this document.

Consolidated Financial Results

for the Nine Months Ended December 31, 2021

[Japanese GAAP]

February 14, 2022

Company name: Remixpoint, inc.

Stock exchange listing: Tokyo Stock Exchange

Code number: 3825

URL: https://www.remixpoint.co.jp

Representative: Genki Oda, President, CEO and Representative Director

Contact: Yoshihiko Takahashi, Director

Phone: [phone]

Scheduled date of filing quarterly securities report: February 14, 2022

Scheduled date of commencing dividend payments: ―

Availability of supplementary briefing material on quarterly financial results: Available

Schedule of quarterly financial results briefing session: Not Scheduled

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Nine Months Ended December 31, 2021(April 1, 2021 to December 31, 2021)

(1) Consolidated Operating Results (cumulative)	(% indicates changes from the previous corresponding period.)
		Net sales			Operating profit	Ordinary profit	Profit attributable to
				owners of parent
	Nine months ended	Million yen		%		Million yen		%	Million yen	%	Million yen	%
	December 31, 2021	20,403		147.8		5,206		-	5,181	-	4,144	-
	December 31, 2020	8,234		(4.6)		(903)		-	(913)	-	(968)	-
(Note) Comprehensive income: Nine months ended December 31, 2021: ¥ 4,144million [-%]
		Nine months ended December 31, 2020: ¥ (968)million [-%]
		Basic earnings		Diluted earnings
		per share			per share
	Nine months ended			Yen				Yen
	December 31, 2021			39.41				39.37
	December 31, 2020	(12.69)				-

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio
	Million yen	Million yen	%
As of December 31, 2021	66,321	11,339	17.1
As of March 31, 2021	47,556	4,322	9.0

(Reference) Equity: As of December 31, 2021: ¥ 11,320 million As of March 31, 2021: ¥ 4,296 million

2. Dividends

					Annual dividends
		1st		2nd		3rd	Year-end		Total
		quarter-end		quarter-end		quarter-end
		Yen		Yen		Yen	Yen		Yen
Fiscal year ended March 31, 2021	-	0.00	-			0.00	0.00
Fiscal year ending March 31, 2022	-	0.00	-
Fiscal year ending March 31, 2022									-	-
(Forecast)

(Note) The forecast of dividends for fiscal year ending March 31, 2022 is currently undetermined.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit		Ordinary profit		Profit attributable	Basic earnings
				to owners of		per share
										parent
	Million yen		%	Million yen		%	Million yen		%	Million yen		%	Yen
Full year	27,387		107.2	6,320		-	6,313		-	5,060		-	46.89

(Note) Revision to the financial results forecast announced most recently: No

* Notes:

1. Changes in significant subsidiaries during the Nine months ended December 31, 2021: No
2. Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: No
3. Changes in accounting policies, changes in accounting estimates and retrospective restatement
4. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
5. Total number of issued shares (common stock)
6. 1. Number of issued shares at the end of the period (including treasury shares):

December 31, 2021: 116,470,700 shares

March 31, 2021: 98,254,000 shares

1. Number of treasury shares at the end of the period: December 31, 2021: 60,000 shares
   March 31, 2021: 60,000 shares
2. Average number of shares during the period:

Nine months ended December 31, 2021: 105,147,043 shares

Nine months ended December 31, 2020: 76,337,745 shares

• These quarterly financial results are outside the scope of quarterly review by certified public accountants or an audit corporation.

* Explanation of the proper use of financial results forecast and other special notes

(Caution regarding forward-looking statements)

The forward-looking statements herein are based on information that is currently available and certain assumptions deemed reasonable by the Company. They include potential risks and uncertainties. Furthermore, actual results (including but not limited to actual business performance and dividend forecasts) may differ significantly from forecasts due to various factors. In addition, regarding dividend forecasts for the fiscal year ending March 31, 2022, while currently evaluating and deciding on relevant information on performance trends, etc., the Company will promptly disclose dividend forecasts once they become available.

(Obtaining supplementary documentation)

The supplementary documentation will be posted on the Company's website.

Table of Contents
1. Quarterly Consolidated Financial Statements.......................................................................................	2
(1)	Quarterly Consolidated Balance Sheets.....................................................................................................	2
(2)	Quarterly Consolidated Statements of Income and Comprehensive Income.............................................	4

1

1. Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheets

					(Million yen)
			As of March 31, 2021	As of December 31, 2021
	Assets
	Current assets
	Cash and deposits		2,895		5,908
	Trade receivables and contract asset	1,516	2,129
	Finished goods		―		108
	Merchandise	264	414
	Raw materials and supplies		―		114
	Users cryptoassets	32,724	41,826
	Owned cryptoassets		3,176		3,537
	Guarantee deposits for cryptoassets	312	584
	Cash segregated as deposits		3,890		4,950
	Guarantee deposits	743	2,965
	Operational investment securities		―		273
	Other	558	2,046
	Allowance for doubtful accounts		(37)		(66)
	Total current assets		46,043	64,794
	Non-current assets
	Property, plant and equipment	28	91
	Intangible assets
	Software	615	684
	Software in progress		74		4
	Total intangible assets		689	688
	Investments and other assets
	Investment securities	156	73
	Leasehold and guarantee deposits		464		613
	Fixed loan	2	16
	Other		193		93
	Allowance for doubtful accounts	(20)	(49)
	Total investments and other assets		794		747
	Total non-current assets		1,513	1,526
	Total assets		47,556		66,321

2