Refinverse

What Refinverse does

REFINVERSE Group, Inc. (TSE Growth Market: 7375) is a Tokyo-based pure holding company (established July 2021) that operates a horizontal recycling business converting industrial waste into regenerated materials. The group consists of three core operating subsidiaries: Refinverse Inc. (regenerated resin manufacturing, founded 2003), GMS, Inc. (industrial waste collection, transportation, and intermediate processing across 14+ prefectures, founded 1983), and RefineMaterial Inc. (regenerated resin manufacturing, founded 2017). The group employs 199-205 people as of mid-2025, operates manufacturing facilities in Chiba (Yachiyo, Futtsu/RIVIC), Aichi (Ichinomiya), and Tokyo (Ota, Katsushika, Adachi), with a new Gamagori Plant opening in June 2026. The company's core technology is proprietary horizontal recycling: cutting/grinding, precision separation, and formulation technologies that enable the regeneration of high-purity recycled materials from industrial waste including carpet tiles, fishing nets, airbags, and plastic waste. The company generates revenue through five streams: (1) material sales of branded recycled products (REFINPOWDER recycled PVC compound, REAMIDE recycled nylon compound, ReFEZER biodegradable plastic from bird feathers), (2) industrial waste processing fees via GMS, (3) technology licensing (airbag technology to Toyota Tsusho Vietnam, fishing net technology to Suzuki Shokai Hokkaido), (4) chemical recycling feedstock supply to Mitsubishi Chemical for plastic-to-oil/naphtha production, and (5) circular economy consulting and solution services. The go-to-market is enterprise sales-led, with direct B2B engagement targeting automotive, real estate/construction, industrial manufacturers, ocean/marine, consumer goods, and chemical industry segments. The group has accumulated 67 million+ sqm of carpet tile recycling since 2006, collaborates with blue-chip partners including Mitsubishi Chemical, Mitsubishi UFJ Bank, Nippon Steel, Dai Nippon Printing, Kajima, Sumie Orimono, and Toyota Tsusho, and holds third-party environmental certifications (EcoLeaf, CFP, Eco Mark) supporting customer ESG claims.

Name

Refinverse

Legal name

株式会社リファインバースグループ

Website

https://r-inverse.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

REFINVERSE Group, Inc. (TSE Growth: 7375) is a Tokyo-based public holding company that uses proprietary horizontal recycling technology to convert industrial waste (carpet tiles, fishing nets, airbags, plastics) into regenerated resin materials (REAMIDE, REFINPOWDER) for automotive, construction, chemical, and consumer goods manufacturers in Japan and licensed partners.

Ownership category

akta.pro rank

Product category

Recycled Resin Manufacturing

NAICS

Plastics Material and Resin Manufacturing (325211), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252), Resin and Synthetic Rubber Manufacturing (32521), Recyclable Material Merchant Wholesalers (42393)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Plastics Products, Nec (3089), Miscellaneous Plastics Products (3080)

akta.pro primary industry

Recycled & Reprocessed Polymer Resin Manufacturing (rPET, rPP, rPE; PCR/PIR resins) (IMANAAAH)

akta.pro secondary industries

Reprocessed Resin & Recycled Polymer Compounding (PCR/PIR Compounds) (IMANAMAG), Recycled Plastic Compounds (PCR/PIR) (IMANABAE), Post-Industrial Plastics Scrap Recovery & Regrind (IMANAMAB), Compounding & Additives for Recycled Plastics (Compatibilizers, Stabilizers, Color) (EUAIAKAJ), Recycled-Content Plastic Packaging (rPET, rHDPE, rPP) (IMALAMAC)

Keywords

• Recycled resin manufacturing
• Industrial waste recycling
• Horizontal recycling technology
• Regenerated nylon compound
• Circular economy materials

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Material Sales (再生素材販売): Sale of regenerated materials including REFINPOWDER (recycled PVC compound from carpet tiles), REAMIDE (recycled nylon compound from fishing nets/airbags), and other regenerated resins. Materials are supplied to carpet tile manufacturers, automotive parts makers, home appliance manufacturers, and apparel accessory companies. Revenue generated from both virgin-material replacement value and processing fees.
2. Industrial Waste Processing Fees: Collection, transportation, and intermediate processing of industrial waste materials. Subsidiary GMS handles waste collection and processing, generating fees for waste disposal services while simultaneously securing raw material inputs for the recycling business.
3. Technology Licensing: Licensing of proprietary recycling technologies (airbag recycling technology licensed to Toyota Tsusho in Vietnam; fishing net recycling technology licensed to Suzuki Shokai in Hokkaido; REAMIDE brand and technology available for licensing). Revenue from upfront licensing fees and ongoing royalties.
4. Chemical Recycling / Oil/Naphtha Production: Processing of waste plastics into oil and naphtha through chemical recycling. Partnership with Mitsubishi Chemical for large-scale commercialization. Waste plastic serves as substitute resource replacing petroleum, generating revenue from both material supply and processed product sales.
5. Solution Services: Consulting and support services for companies pursuing sustainability, SDGs/ESG, and circular economy transitions. Services include cost-reduction consulting for waste processing, circular supply chain design, and implementation support.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

REFINVERSE Group manufactures and sells regenerated resin materials (REFINPOWDER recycled PVC compound from carpet tiles, REAMIDE recycled nylon compound from fishing nets and airbags, ReFEZER biodegradable plastic from bird feathers) made from industrial waste using proprietary horizontal recycling technologies. The company also operates industrial waste collection, transportation, and intermediate processing through subsidiary GMS, and provides circular economy consulting, licensing, and chemical recycling feedstock supply to partners including Mitsubishi Chemical.

Product overview

REFINVERSE Group is a circular economy company that transforms industrial waste into regenerated materials. The core product portfolio includes Refine Powder (recycled PVC compound from carpet tiles), REAMIDE (recycled nylon compound from fishing nets and airbags), and ReFEZER (biodegradable plastic from bird feathers). Services include industrial waste collection and intermediate processing through subsidiary GMS, regeneration solutions consulting for corporate circular economy transformation, and proprietary R&D technologies for cutting/grinding, separation, and formulation. The company operates manufacturing facilities in Chiba and Aichi prefectures, with a two-location production system planned alongside RIVIC in Chiba Prefecture and the Gamagori Plant.

Differentiator

Problem solved

Functional benefit

Brands

• リファインパウダー (REFIN POWDER): 再生聚氯乙烯化合物，从地毯瓷砖回收，约40%聚氯乙烯及可塑剂与约60%碳酸钙及其他填充物构成。
• REAMIDE（リアミド）
• ReFEZER
• RIVIC
• TACS3

Products and services

• REFINPOWDER (リファインパウダー) Regenerated PVC compound produced from recycled carpet tiles. Consists of approximately 40% polyvinyl chloride and plasticizer and 60% calcium carbonate and other fillers. High-purity recycled material used as backing in eco-mark certified recycled carpet tiles and other applications.
• REAMIDE (リアミド) Regenerated nylon compound made from discarded fishing nets and waste airbags. High-quality recycled nylon resin base modified with organic and inorganic materials. Used in automotive parts (armrest cores, center caps, door covers) and home appliances (vacuum cleaner rectifier plates, switch covers, socket bases).
• ReFEZER (リファーザー) Biodegradable plastic produced from bird feathers containing keratin protein. Soil and marine biodegradable. Unlike other biodegradable plastics that decompose into water and CO2, ReFEZER provides nutrients to plants and enriches soil.
• Industrial Waste Collection and Intermediate Processing Waste collection, transportation, and intermediate processing services for industrial waste generated from demolition work and business activities, provided through subsidiary GMS, Inc. Licensed across 14+ prefectures including Tokyo, Kanagawa, Chiba, Ibaraki, Tochigi, Gunma, Nagano, Shizuoka, Yamanashi, Fukushima, Niigata, Miyagi, and Mie.
• Regeneration Solutions (Circular Economy Consulting) Comprehensive support services including waste resource utilization, materialization, and recycled material application development. Supports corporate SDGs/ESG initiatives and circular economy transformation through cost-reduction consulting, carbon neutrality support, and circular supply chain design and implementation.
• Polyolefin Recycling Business Polyolefin recycling business using new equipment at the Gamagori Plant (starting June 2026) and RIVIC in Chiba Prefecture to form a two-location manufacturing system. Enables efficient refining and recovery of high-purity polyolefins from composite materials for material recycling (automobiles, construction, packaging) and chemical recycling (oil, naphtha).

Quantifiable outcome

• 96% CO2 reduction: Recycled PVC compound (REFINPOWDER) achieves 96% lower CO2 emissions vs virgin PVC material (per company LCA calculation)
• +6 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Eleven partnerships are on record, tiered minor, core and flagship.

• Plastic Relay Project (プラリレープロジェクト)minorStrategic or Co-development Partner · 22 April 20266-company collaboration project. Collection caps are reprocessed into recycled materials and used to manufacture dressing containers sold at Kasumi Kashima Stadium store (limited quantities from April 22, 2026).
• RIVIC (リファインバース イノベーションセンター)coreOthers · 1 April 2026Two-location manufacturing system for polyolefin recycling business: new Gamagori Plant (starting June 2026) operating alongside RIVIC in Chiba Prefecture, enabling nationwide polyolefin recycling capacity expansion.
• Mitsubishi UFJ Bank (三菱UFJ銀行)flagshipStrategic or Co-development Partner · 26 February 2026Mitsubishi UFJ Bank, Mitsubishi Chemical, and REFINVERSE Group signed a memorandum for office-derived waste plastic recycling and circular resource use. Three-party collaboration leveraging MUFG's financial network, Mitsubishi Chemical's processing technology, and REFINVERSE's waste collection and materialization capabilities.
• Toyota Tsusho Corporation (豊田通商)coreTechnology or Integration · 14 January 2026REFINVERSE licensed its proprietary airbag recycling technology to Toyota Tsusho for Vietnam operations. This enables large-scale commercial processing of discarded airbags into regenerated nylon resin in Vietnam. Toyota Tsusho builds and operates local manufacturing capacity using REFINVERSE's technology, with potential expansion to other overseas markets.
• Mitsubishi Chemical Corporation (三菱化学)coreStrategic or Co-development Partner · 1 January 2023Capital and business alliance for chemical recycling. REFINVERSE supplies waste plastic as feedstock for Mitsubishi Chemical's plastic-to-oil chemical recycling process. This partnership aims to convert waste plastic into naphtha and other chemical feedstocks, establishing a circular economy for petrochemical materials in Japan.
• Morito Co., Ltd. (モリト)coreChannel Partner/ Reseller/ Distributor · 1 January 2021Product development partnership with Morito, a major apparel hardware manufacturer. REAMIDE is used in apparel accessories and parts under Morito's environmental initiative 'Rideeco'. Partnership develops button and fashion accessory components from recycled fishing net nylon.
• Alliance for the Blue (アライアンス・フォーザブルー)minorStrategic or Co-development Partner · 1 January 2021Multi-company platform established to address marine plastic waste through product co-development, joint research, and social experiments. Based in Toyooka City ( Japan's leading bag production area), the alliance used REAMIDE to manufacture bags.
• Suzuki Shokai (鈴木商会)coreStrategic or Co-development Partner · 1 August 2019Partnership with Suzuki Shokai in Hokkaido, a region with Japan's highest fish catch volume and abundant discarded fishing nets. REFINVERSE provides technology for local production of REAMIDE from waste fishing nets, achieving efficient materialization and reduced CO2 emissions from transportation.
• Nippon Steel Corporation (日本製鉄)coreChannel Partner/ Reseller/ Distributor · 1 January 2019REFINVERSE develops and sells steel auxiliary materials (製鋼副資材) produced from recycled waste streams to Nippon Steel. Products made from separated fiber fractions of carpet tiles serve as raw material inputs for steel manufacturing.
• Dai Nippon Printing Co., Ltd. (大日本印刷)coreStrategic or Co-development Partner · 1 January 2019Various circular economy business development collaborations and co-development projects for new recycling applications and material solutions.
• Sumie Orimono (住江織物)coreStrategic or Co-development Partner · 1 January 2008Long-standing partnership for carpet tile recycling. Co-developed 'ECOS' — world-class environmentally performing recycled carpet tiles with optimized production lines. REFINVERSE provides specially tuned recycled materials and process technology; Sumie built dedicated recycling carpet tile production lines. Partnership won multiple industry awards.

Scale indicators13 records

Recent moves12 records

Expansion highlights8 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@refinverse
• Instagraminstagram.com/1982_gms

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

Funding overview

Funding rounds7 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Refinverse