Remixpoint has agreed to sell 51% of its electricity retail subsidiary, Remix Denki, to H-Power Holdings, a unit of Hikari Tsushin, for a base price of ¥5.1bn, with the deal set to close on October 1, 2026. The board resolved on August 27 to sign the share transfer contract and the accompanying shareholder agreement, and separately approved a broader business alliance with Hikari Tsushin on battery storage, whose contract was signed the following day, August 28.
The immediate effect on guidance is a study in contrasts. Remixpoint cut its sales forecast for the year to March 2027 to a range of ¥30.1bn–37.4bn, down from ¥48.8bn–56.1bn, a drop of 33–38%, because the retail power business will stop contributing consolidated revenue from the third quarter. Operating profit guidance falls to ¥4.65bn–11.89bn from ¥6.72bn–14.06bn. Yet net profit attributable to owners is now guided higher, at ¥7.21bn–13.26bn versus a prior ¥5.32bn–11.44bn, a rise of 35.5% at the low end, because the sale triggers a special gain on the disposal of affiliate shares.
| Metric | Previous forecast | Revised forecast | Change |
|---|---|---|---|
| Sales | ¥48.8bn–56.1bn | ¥30.1bn–37.4bn | Down 33.3%–38.3% |
| Operating profit | ¥6.72bn–14.06bn | ¥4.65bn–11.89bn | Down 15.4%–30.8% |
| Net profit attributable to owners | ¥5.32bn–11.44bn | ¥7.21bn–13.26bn | Up 15.8%–35.5% |
Remixpoint is not walking away entirely. It keeps the remaining 49% of Remix Denki and holds rights to sell it to H-Power in three further tranches of 16%, 16% and 17% between October 2027 and November 2029, with each price tied to the subsidiary's annual results. If the jointly agreed business plan is met, those tranches would bring in roughly ¥8.9bn more, taking total proceeds to about ¥14bn. Remixpoint frames the divested unit's size for context: the energy business being carved out had revenue of ¥21.1bn and total assets of ¥4.7bn as of March 2026.
The company's stated rationale is funding predictability, not just cash. Once H-Power takes over operational control, Remixpoint says it sheds the working-capital swings tied to wholesale power procurement and capacity-market levies, an amount it puts at roughly ¥4bn. Combined with the sale proceeds, it estimates the deal frees up about ¥18bn of effective financial capacity, which it intends to route into grid-scale battery assets and further acquisitions.
That redeployment is already visible in the numbers. Remixpoint raised its mid-term battery storage targets for the year to March 2029 to ¥17.1bn in revenue and ¥4.5bn in operating profit, up 52.7% and 43.7% from the original plan, while the energy segment's separate revenue and profit lines have effectively been zeroed out of the consolidated plan following the divestment. The company says it now owns ten grid-scale storage sites, six of them earning wholesale-market revenue and three participating in the balancing market, and it has signed operating partnerships with Hikari Tsushin, Napil and REXEV to handle sales channels, energy-management software and market trading respectively.
One piece of the original plan did not survive: a proposed capital tie-up with Hikari Tsushin involving new share warrants was dropped after Remixpoint judged it could execute the business alliance without diluting existing shareholders. Remixpoint itself cautions that the staged payments for the remaining 49% are not guaranteed and will move with Remix Denki's actual performance under its new owner.