REFINVERSE Group, Inc.【JP:7375】Stock Price

Refine Verse Group is a material recycling company group that creates recycled resources from waste. Using proprietary processing technology, the company reprocesses used carpet tiles, fishing nets, and airbag scraps into products such as recycled resin, recycled nylon pellets (REAMIDE®), and steelmaking by-products. The company also provides technology licensing and consulting services, with the goal of building a resource circulation platform.

Key customers include carpet tile manufacturers, steel mills, construction and real estate companies, and trading companies, with relationships based on ongoing partnerships. The company generates revenue through two streams: processing fees when accepting used materials, and sales of recycled products. This stable supply and sales relationship allows the company to maintain an efficient sales operation with a lean workforce.

The business is divided into two segments: "Materials Business" and "Resources Business." In the Materials Business, the company separates and pulverizes the resin portion of carpet tiles for supply as synthetic resin, directs the fiber portion to steelmaking by-products and other uses, and manufactures recycled nylon from fishing nets and airbag scraps. In the Resources Business, the company handles collection, transportation, and in-house intermediate processing centered in the greater Tokyo area, and builds a waste plastic procurement network through sorting, crushing, and compression to strengthen raw material supply.

The company aims to "create new industries as a material recycling business and contribute to sustainable development of society." It is pursuing growth through two core pillars: material business using waste as raw materials and resource business. Specifically, the company is strengthening procurement of used carpet tiles, fishing nets, and airbag scraps, while expanding revenue by increasing sales volumes of recycled materials such as refined powder and regenerated nylon resin REAMIDE®. Financially, the company is building a strong foundation through accumulating retained earnings and reviewing borrowing terms. Since 2023, it has also begun recruiting new graduates to strengthen its human resources base.

Priority investment areas include stable material procurement and increased production capacity, as well as investment in collection and intermediate processing equipment at source locations. The company differentiates itself through proprietary separation and crushing processes, managing the entire value chain from collection sites to regenerated resin manufacturing. Using products certified with environmental labels (SuMPO's "Ecolabel" and "CFP"), the company is strengthening proposals to real estate developers and carpet tile manufacturers while pursuing cost reduction through improved yield rates and maximized production line utilization.

For new market development, the company plans to deepen relationships with existing customers in construction, automotive, steel, and apparel sectors while expanding new business partnerships outside the Tokyo metropolitan area and increasing collection points. Additionally, the company aims to build a resource circulation platform through technology licensing and consulting services, developing new applications for underutilized waste streams including waste glass, composite fibers, rubber, and food residue. These initiatives aim to stabilize raw material procurement, diversify sales channels, and expand the business foundation.

In technological innovation, the company is advancing regenerated nylon production through high-purity separation and steel mill by-product manufacturing through mixed compression molding, building on mechanical processing as its foundation. In collaboration with Mitsubishi Chemical, the company is also commercializing plastic-to-oil conversion (chemical recycling) to support broad-based plastic waste recycling. Additionally, the company is accumulating equipment maintenance and repair expertise while standardizing and documenting processes to achieve both production stability and cost competitiveness.