Envipro

What Envipro does

Envipro Holdings Inc. (TYO:5698) is a Shizuoka-headquartered holding company that operates an integrated circular economy and resource recycling platform organized across 11 consolidated subsidiaries and 2 equity-method affiliates. The group collects, processes, and re-distributes approximately 700,000 tons of recycled materials annually across ferrous scrap, non-ferrous metals, precious metals (gold/silver from incinerator ash) recovered via proprietary sorting, polymer products (recycled rubber powder and mats via Nitto Kako), low-carbon RPF fuel, and lithium-ion battery black mass (via VOLTA's RE100-certified facilities). Manufacturing customers include steel makers, automotive OEMs, electronics, and battery producers seeking QCDC-compliant (Quality, Cost, Delivery, Carbon) green materials for Scope 3 emissions reduction, with the NEWSCON trading subsidiary and Rotterdam branch facilitating global flow of recyclables.

The company's go-to-market is predominantly B2B enterprise sales: direct engagement with large manufacturers for green material supply, municipal government contracts for difficult-to-process waste (e.g., lithium-ion batteries, end-of-life mattresses), and international trading through NEWSCON. Revenue is generated through transaction fees on recycled material sales, hardware sales of polymer products, professional services fees from Bright Innovation's sustainability consulting (TCFD, CDP, Scope 1/2/3 accounting), and managed services from the disability welfare arm. Forward strategy focuses on LIB recycling capacity expansion (target 14,000 tons by FY2027 versus circa 2,500 tons currently), hydrometallurgical black mass refining with Mitsubishi Materials, rare earth magnet recycling via the HyProMag MOU, and approximately doubling recycled resource volume to 1 million tons by FY2027 through the J-Cycle joint venture with Mitsui and Miracle Eternal. The company transitioned from the Tokyo Stock Exchange Prime Market to the Standard Market in September 2025.

Name

Envipro

Legal name

株式会社エンビプロ・ホールディングス

Website

https://envipro.jp

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Envipro Holdings (TYO:5698) is a Japanese holding company that operates an integrated circular economy platform, recycling and re-distributing approximately 700,000 tons of metals, polymers, lithium-ion batteries, and other industrial waste annually to enterprise manufacturers, municipalities, and international trading partners through 11 consolidated subsidiaries.

Ownership category

akta.pro rank

Product category

Waste & Recycling Services / Circular Economy Materials

NAICS

Offices of Other Holding Companies (551112)

SIC

Sanitary Services (4950), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Plastics Products, Nec (3089)

akta.pro primary industry

Material Reuse & Upcycling Services (Non-recycling Transformation) (EUAIANAJ)

akta.pro secondary industries

Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters) (EUAIAJAH), Reuse & Resale / Recommerce Operations (EUAIANAC), EHS Management Systems & ISO Consulting (ISO 14001/45001) (BPAHAJAF), Packaging Recovery & Closed-Loop Programs (Take-Back, Deposit-Return, EPR Support) (IMALAMAF)

Keywords

• Metal waste recycling
• Lithium-ion battery recycling
• Precious metal recovery
• Polymer product manufacturing
• Circular economy services

Headquarters

HQ city

Fujinomiya

HQ country

Japan

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Resource Circulation (Metal & Waste Recycling): Core revenue from collecting, processing, and selling recycled metal scrap, ferrous and non-ferrous metals, precious metals (gold/silver slag from incinerator ash), and processed waste materials. The company processes approximately 700,000 tons of recycled resources annually and distributes them domestically and internationally to steel makers and manufacturers.
2. Global Trading: International trade of recycled resources including ferrous scrap, non-ferrous metals, precious metals, recovered fuels, and recycled plastics through the subsidiary NEWSCON, which operates an overseas branch in Rotterdam, Netherlands. Revenue from import, export, and tri-nation trade of recyclables.
3. Lithium-Ion Battery Recycling: Collection and recycling of end-of-life lithium-ion batteries to produce black mass (concentrate of cobalt, nickel, lithium). VOLTA operates RE100-certified facilities and is expanding capacity through a new Ibaraki plant aiming for 7,500 tons total processing capacity. Joint development with Mitsubishi Materials for hydrometallurgical refining of black mass.
4. Polymer Product Manufacturing and Sales: Manufacturing and sale of polymer (plastic/rubber) products including recycled rubber mats, cushion mats, rubber powder for tire fillers, and plastic molded products. Subsidiaries Nittokako and EcoNecoL produce recycled polymer products sold to tire manufacturers, automotive parts makers, and consumer product companies.
5. Low-Carbon Fuel (RPF) Manufacturing: Production of Refuse Paper and Plastic Derived Fuel (RPF) from mixed plastic waste, sold as coal replacement fuel to paper manufacturers, achieving 33% CO2 reduction compared to coal. EcoNecoL Fuji RPF factory commenced operations in 2025.
6. Sustainability Consulting: Environmental and sustainability consulting services through Bright Innovation, including TCFD/CDP disclosures, Scope 1/2/3 GHG accounting, circular economy strategy, and ESG reporting. Services include webinars, seminars, and consulting engagements for corporate clients.
7. Disability Welfare Services: Welfare services for people with disabilities through subsidiaries Shin-eko and Astuko, providing employment opportunities in recycling and related operations.
8. Demolition and Cleaning Services: Dismantling, clean-up, and end-of-life product collection services for corporate and municipal clients, supporting resource recovery and circular economy model development.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Envipro Holdings is a public holding company that, through 11 consolidated subsidiaries, collects, processes, and recycles industrial waste, scrap metals, end-of-life products, lithium-ion batteries, and polymers into green raw materials, fuels, and consumer products. The group also conducts global trading of recyclables, provides sustainability/ESG consulting, and operates disability welfare services integrated with recycling operations.

Product overview

ENVIPRO HOLDINGS INC. is a holding company managing a group of subsidiaries focused on circular economy and resource recycling. The company operates five core business segments: Resource Circulation Business (metal/waste recycling, precious metal recovery, polymer manufacturing, RPF fuel production, lithium-ion battery recycling), Global Trading Business, Sustainability Consulting, Lithium-Ion Battery Recycling, and Disability Welfare Services. The group processes approximately 700,000 tons of recycled resources annually, with green materials as a key strategic focus. Key products include recovered metals, green scrap, black mass for battery recycling, polymer products, and low-carbon RPF fuel. The company aims to be a 'green material' manufacturer supplying再生原料 (recycled materials) through low-carbon processes to support circular economy.

Differentiator

Problem solved

Functional benefit

Brands

• VOLTA: Lithium-ion battery and nickel metal hydride battery recycling business operated by株式会社VOLTA (VOLTA Inc.)
• エコネコル (Eco-necor)
• 日東化工 (Nitto Kako)
• ブライトイノベーション (Bright Innovation)
• NEWSCON
• J-Cycle
• ポリマーサーキュラーラボ (Polymer Circular Lab)
• サステナビリティコンサルティング事業
• 障がい福祉サービス

Products and services

• Metal and Waste Recycling Collection, processing, and recycling of metal and waste materials from industrial and commercial sources. Group processes approximately 700,000 tons of recycled resources annually and distributes them to steel makers and manufacturers.
• Gold/Silver Recovery from Incinerator Ash Recovery of precious metals including gold and silver from incinerator ash through advanced sorting and concentration technologies. Proprietary recovery process producing gold and silver slag as a sellable output.
• Cleaning and Dismantling Services Comprehensive cleaning and dismantling services for end-of-life products and facilities, supporting corporate and municipal clients' resource recovery and circular economy initiatives.
• Polymer Products Manufacturing Manufacturing of recycled polymer products including rubber mats, cushion mats, rubber powder for tire fillers, and plastic molded products. Operated by Nittokako (acquired 2023) and EcoNecoL, with RE100-certified Maebashi factory.
• Polymer Circular Lab Research and development laboratory focused on polymer (plastic and rubber) material recycling and circular economy research and development.
• Low Carbon Fuel (RPF) Manufacturing Production of Refuse Paper and Plastic Fuel (RPF) as an alternative low-carbon energy source, achieving 33% CO2 reduction compared to coal. Sold as coal replacement fuel to paper manufacturers.
• Local Resources Circulation Regional circular economy initiatives that promote local resource recovery and sustainable waste management, including municipal partnerships for resource circulation and emergency waste processing.
• Global Distribution of Resources International trading and distribution of recycled materials including ferrous scrap, non-ferrous metals, precious metals, and recycled plastics, operated through NEWSCON with Tokyo HQ and Rotterdam Netherlands branch.
• Logistics Agency Services Comprehensive logistics services for the transport, handling, and customs brokerage of recycled materials, including subsidiary Saiterasu Inc.
• Lithium-Ion Battery Recycling Recycling of lithium-ion batteries to produce black mass (concentrate of cobalt, nickel, and lithium) for battery-to-battery circular economy. VOLTA operates RE100-certified facilities targeting 14,000 tons processing capacity by FY2027.
• Sustainability Consulting Environmental consulting services including TCFD/CDP support, Scope 1/2/3 emissions calculations, circular economy strategy development, and ESG reporting, operated through Bright Innovation Inc.
• Disability Welfare Services Employment and welfare services for people with disabilities, integrating social contribution with resource recovery operations through subsidiaries Shineko Inc. and Astuko Inc.
• Green Scrap (Zero Carbon Scrap) Green Scrap (zero-carbon iron scrap) processed and distributed using 100% renewable energy at RE100-certified factories. Approximately 70,000 tons distributed annually to steel manufacturers for green steel via electric arc furnace production.
• Black Mass Black Mass: concentrated residue of lithium, cobalt, and nickel recovered from lithium-ion batteries through crushing, drying, and sorting processes. Jointly developed with Mitsubishi Materials for hydrometallurgical refining into battery-grade materials.

Quantifiable outcome

• CO2 emissions reduced to 1/4 compared to blast furnace steelmaking when using recycled scrap in electric arc furnaces
• +8 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

14 partnerships are on record, tiered minor, strategic and core.

• Fujinomiya City (富士宮市)minorStrategic or Co-development Partner · 3 July 2026Two agreements signed with Fujinomiya City regarding resource circulation and emergency waste processing, expanding municipal partnerships in Envipro's home prefecture.
• Amada (アマダ) and Tokyo Steel (東京製鐵)strategicStrategic or Co-development Partner · 23 June 2026Announced June 2026: Amada and Tokyo Steel initiated arterial-venous integration circular economy initiatives with Envipro Group, representing a three-way collaboration between a manufacturing company (Amada), a steel maker (Tokyo Steel), and Envipro's recycling operations to create a closed-loop material flow.
• Earth TechnicaminorStrategic or Co-development Partner · 1 April 2026Consolidated subsidiary EcoNecoL collaborated with Earth Technica to co-develop and implement an 'automatic feeding control system' using AI technology, digitizing the skills of experienced workers to address labor shortages in the recycling industry.
• Tokyo Marathon Foundation (東京マラソン財団)minorStrategic or Co-development Partner · 26 February 2026Nittokako participated as a cooperating company in the Tokyo Marathon EXPO 2026's RUN CYCLE SQUARE sustainability event. Nittokako provided a workshop where participants created sandals from recycled shoe soles and waste tires, demonstrating circular economy principles through an upcycling experience.
• Chemical Recycling PartnersminorStrategic or Co-development Partner · 26 December 2024Collaboration with multiple partners for a chemical recycling demonstration project targeting various waste plastics. Aims to create a chemical recycling ecosystem for waste plastics that cannot be processed through mechanical recycling.
• Sato (サトー)strategicTechnology or Integration · 30 October 2024Collaboration with Sato to digitize lithium-ion battery recycling processes, including temperature monitoring during transport and tracking of the resource recovery process. Demonstrates successful lithium-ion battery recycling process digitalization and traceability.
• HyProMag Ltd. (UK)strategicTechnology or Integration · 17 June 2024MOU signed between Envipro Holdings and HyProMag Ltd. of the UK for the recycling of rare earth magnets (NdFeB sintered magnets). Collaboration includes joint marketing of HyProMag's HPMS (Hydrogen Processing of Magnet Scrap) recycling technology and recycled magnets in Japan, recycling trials in the UK and Japan using NdFeB scrap supplied by Envipro, analysis of NdFeB scrap supply market and offtake opportunities in Japan, and collaboration on potential HyProMag recycling technology development in Japan. HyProMag's HPMS technology was selected by the Minerals Security Partnership (MSP) for support.
• Hitachi Ltd.minorStrategic or Co-development Partner · 17 June 2024Consolidated subsidiary Bright Innovation began environmental consulting cooperation with Hitachi Ltd., leveraging Bright Innovation's sustainability consulting expertise in TCFD, CDP, and circular economy strategy for Hitachi's corporate decarbonization initiatives.
• J-Cycle Inc.coreStrategic or Co-development Partner · 1 May 2024Joint venture company established by VOLTA Inc. (51% stake), Miracle Eternal PTE LTD. (27% stake), and Mitsui & Co., Ltd. (22% stake) in May 2024. J-Cycle handles collection, recycling, processing, refining, and selling of batteries and related materials, as well as ferrous scrap, non-ferrous metals, rare metals, and plastics. Mitsui provides global business foundation for preparing facility operations starting September 2024.
• Miracle Eternal PTE LTD. (Singapore)coreStrategic or Co-development Partner · 11 July 2023Miracle Eternal PTE LTD. (MES) partnered with VOLTA and Mitsui to establish J-Cycle Inc., leveraging MES's ability to procure raw materials such as waste batteries from overseas.
• Sumitomo Mitsui Trust Bank, Ltd.strategicStrategic or Co-development Partner · 7 July 2023Partnership agreement signed with Sumitomo Mitsui Trust Bank for supporting the transition to a circular economy and promoting sustainable social formation. The bank supports Envipro's circular economy initiatives from a financial advisory perspective.
• Mitsui & Co., Ltd.coreStrategic or Co-development Partner · 3 July 2023Mitsui & Co. partnered with VOLTA and MES to establish J-Cycle Inc., providing global business foundation to prepare for facility operation starting September 2024. Mitsui contributes international business network and operational expertise.
• Mitsubishi Materials CorporationcoreStrategic or Co-development Partner · 2 December 2022Joint development agreement between Envipro/VOLTA and Mitsubishi Materials for hydrometallurgical technology to recover and refine lithium, cobalt, and nickel from black mass produced in the LIB recycling process. The goal is to establish closed-loop LIB-to-LIB systems. Mitsubishi Materials contributes its smelting technology and expertise; Envipro/VOLTA contributes recycling process and black mass production capabilities. This serves national interest from a resource security perspective, as Japan lacks commercialized smelting technology for LIB black mass processing.
• Japan Climate Leaders Partnership (JCLP)minorGTM or Marketing PartnerBright Innovation participates as a supporting member of JCLP and exhibited at the JCLP Decarbonization Solution Pitch event, promoting its environmental consulting services to climate-focused corporate members.

Scale indicators11 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Dowa Holdings: Dowa Holdings (TSE: 5714) is a Japanese non-ferrous metals and electronic materials company with a large recycling business including metal recovery, e-waste, and automotive catalysts. It is the closest direct peer to Envipro in Japanese resource recovery operations, with similar customer base in Japanese manufacturers and comparable focus on circular economy value chains.
• Hanwa Co., Ltd. Hanwa (TSE: 8078) is a Japanese trading company specializing in steel, non-ferrous metals, and recycled materials trading. Comparable to Envipro's NEWSCON in international commodity trading, scrap collection brokerage, and global sourcing/distribution of recycled raw materials.
• Li-Cycle Holdings: Li-Cycle (NYSE: LICY) is a pure-play lithium-ion battery recycling company with black mass production technology. Comparable to Envipro's VOLTA subsidiary in LIB recycling technology, capacity expansion plans, and positioning to serve EV battery circular economy.
• Asahi Holdings: Asahi Holdings (TSE: 5857) specializes in precious and rare metals recycling from industrial waste, electronics, and automotive catalysts. Directly comparable to Envipro's precious metal recovery operations from incinerator ash and recycling of critical materials.

Emerging players

• Redwood Materials: Redwood Materials is a US-based battery recycling and materials company focused on closed-loop battery-to-battery systems. Comparable to Envipro's LIB-to-LIB ambitions, though it operates at higher visibility/policy support and with different geography.

Broad incumbents

• Umicore: Umicore (EBR: UMI) is a global materials technology and recycling company with established battery recycling, precious metals refining, and automotive catalyst operations. Comparable in LIB recycling ambitions, precious metal recovery from waste streams, and global circular economy positioning.
• Sims Metal Management: Sims Metal Management (ASX: SGM) is the global leader in metal recycling with operations across North America, Europe, and Australasia. Comparable in scrap metal collection, processing, and global trading business model similar to Envipro's NEWSCON operations.
• Mitsui Mining & Smelting: Mitsui Mining & Smelting (TSE: 5706) operates metal smelting, recycling, and engineered materials businesses in Japan. Comparable to Envipro in non-ferrous metals recycling, supply to Japanese manufacturers, and participation in critical minerals recovery value chains.
• Glencore (recycling/trading): Glencore (LON: GLEN) operates global commodities trading and recycling businesses including scrap metals and battery materials. Comparable at the trading/distribution level for recycled raw materials flows across international markets.

Regional players

• JERA Co., Inc. (RPF/alternative fuel buyer): JERA is a major Japanese power generator that has explored biomass and alternative fuel use. Comparable as a buyer of low-carbon RPF/solid fuel for coal replacement, connecting Envipro's EcoNecoL RPF output to industrial energy consumers in Japan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/envipro-holdings-inc-

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Envipro