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Remixpoint To Spin Off Energy Business In Absorption-Type Split Plan

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Remixpoint (TYO:3825) will transfer its electricity retail business to a wholly owned subsidiary through an absorption-type company split effective Oct. 1, according to a Friday filing on the Tokyo Stock Exchange.

The company said it will establish Remixpoint Energy Business Split Preparatory as the successor entity, which will take over its energy retail operations, while the parent retains its storage battery, energy consulting and cryptoasset-related businesses.

Remixpoint said the move aims to strengthen risk management and accelerate decision-making amid rising volatility in global energy markets, including fuel price swings linked to Middle East tensions. The split is subject to shareholder approval on June 25.

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