[Summary]Consolidated Financial Results for the Six Months Ended September 30, 2021[Japanese GAAP]

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.

[Summary] Consolidated Financial Results for the Six Months Ended September 30, 2021 [Japanese GAAP]

November 12, 2021

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: November 12, 2021

Availability of supplementary briefing material on quarterly financial results: Available

Schedule of quarterly financial results briefing session: November 17, 2021

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

1. Consolidated Financial Results for the Six Months Ended September 30, 2021 (April 1, 2021 to September 30, 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
	Six months ended	Million yen		%		Million yen	%	Million yen	%	Million yen	%
	September 30, 2021	10,493		117.8		1,196	-	1,188	-	972	-
	September 30, 2020	4,818		(22.3)		(746)	-	(748)	-	(807)	-

(Note) Comprehensive income: Six months ended September 30, 2021: ¥972 million [-%] Six months ended September 30, 2020: ¥(807) million [-%]

	Basic earnings	Diluted earnings
	per share	per share
Six months ended	Yen	Yen
September 30, 2021	9.56	9.55
September 30, 2020	(11.31)	-

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio
	Million yen	Million yen	%
As of September 30, 2021	49,041	6,579	13.4
As of March 31, 2021	47,556	4,322	9.0

(Reference) Equity: As of September 30, 2021: ¥6,560 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 attributable	Basic earnings
				to owners of		per share
							parent
					profit
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	21,410	62.0	2,605	-	2,545	-	2,142	-	21.37

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

* Notes:

1. Changes in significant subsidiaries during the six months ended September 30, 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):

September 30, 2021: 106,101,400 shares

March 31, 2021: 98,254,000 shares

1. Number of treasury shares at the end of the period: September 30, 2021: 60,000 shares
   March 31, 2021: 60,000 shares
2. Average number of shares during the period:

Six months ended September 30, 2021: 101,708,006 shares

Six months ended September 30, 2020: 71,454,074 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.

Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheets

					(Million yen)
			As of March 31, 2021	As of September 30, 2021
	Assets
	Current assets
	Cash and deposits		2,895		1,303
	Trade receivables and contract asset	1,516	2,489
	Finished goods		―		59
	Merchandise	264	378
	Raw materials and supplies		―		78
	Users cryptoassets	32,724	33,368
	Owned cryptoassets		3,176		3,717
	Guarantee deposits for cryptoassets	312	437
	Cash segregated as deposits		3,890		4,334
	Guarantee deposits	743	684
	Operational investment securities		―		264
	Other	558	606
	Allowance for doubtful accounts		(37)		(36)
	Total current assets		46,043	47,685
	Non-current assets
	Property, plant and equipment	28	92
	Intangible assets
	Software	615	703
	Software in progress		74		1
	Total intangible assets		689	704
	Investments and other assets
	Investment securities	156	72
	Leasehold and guarantee deposits		464		403
	Fixed loan	2	16
	Other		193		95
	Allowance for doubtful accounts	(20)	(29)
	Total investments and other assets		794		558
	Total non-current assets		1,513	1,355
	Total assets		47,556		49,041

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				(Million yen)
		As of March 31, 2021	As of September 30, 2021
Liabilities
Current liabilities
Accounts payable - trade		3,041		1,605
Accounts payable - other	1,287	1,215
Deposits received		3,744		3,945
Deposits received for cryptoassets	32,724	33,368
Guarantee deposits received		371		174
Income taxes payable	81	265
Loans payable-cryptoassets		1,844		1,699
Provision for loss on business of subsidiaries and	2	2
associates
Provision for bonuses		4		―
Other	132	184
Total current liabilities		43,233		42,461
Total liabilities	43,233	42,461
Net assets
Shareholders' equity
Share capital		5,808		6,383
Capital surplus	5,830	6,404
Retained earnings		(7,324)		(6,209)
Treasury shares	(18)	(18)
Total shareholders' equity		4,296		6,560
Share acquisition rights	26	19
Total net assets		4,322		6,579
Total liabilities and net assets		47,556	49,041

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