REFINVERSE Group, Inc. <7375> shares surged to their daily limit high of 1,940 yen after the company reported record nine-month consolidated financial results following the market close on May 15. For the nine-month period ended March 2026, sales rose 7.0% year-on-year to 3.33 billion yen, while operating profit jumped 54.0% to 245 million yen, and net profit grew 61.1% to 184 million yen.

Earnings growth was driven by the expanded collection of used carpet tiles from major developers in its materials segment, alongside increased waste disposal outsourcing related to carpet tile recovery in its resource segment. The company maintained its full-year guidance for the fiscal year ending June 2026, forecasting sales to rise 17.9% year-on-year to 4.8 billion yen, with operating profit and net profit both projected to surge 2.1-fold to 380 million yen and 300 million yen, respectively.

Further boosting market sentiment, REFINVERSE Group announced at 11:30 a.m. on May 18 the successful development of a high-purity recycling technology for automotive bumper resin components, such as polypropylene. By leveraging techniques originally developed for its airbag-derived "REAMIDE" recycled material and milk carton polyethylene purification, the new technology removes paint and coatings to achieve a 99.9% purity level for the base plastic. Moving forward, the company plans to establish mass production capabilities and expand corporate partnerships to accelerate commercialization.

Source: MINKABU PRESS

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