#ispace

ispace Inc. has entered into a payload service contract worth approximately 600 million yen with the University of Leicester, UK, on March 31, 2026; however, there is no impact on its consolidated full-year earnings forecast for the fiscal year ending March 2026.

ispace Inc. has entered into a payload service agreement worth 2.5 million USD (approximately 400 million JPY) with South Korean Unmanned Exploration Laboratory as of March 31, 2026.

Following the receipt of "Seven Recommendations" from a third-party task force concerning the unsuccessful soft landing of Mission 2, specific response policies such as implementation of Terrain Relative Navigation and strengthening risk management were decided. The earnings impact is assessed as minimal.

ispace, Inc. has begun examining the ‘Luna Connect Service,’ a communication and positioning service utilizing lunar orbit satellites, planning to deploy five satellites by 2030 and forecasting a market size of 450 billion yen by the 2040s.

New shareholder benefit program established for shareholders as of the end of March 2026. Shareholders holding 100 shares or more will receive rights to apply for a tour of the trial model of the Series 3 lander; shareholders holding 1,000 shares or more will additionally receive rights to apply to participate in the Moon Guild Meeting.

Scheduled to establish consolidated subsidiary “ispace S A” in the Kingdom of Saudi Arabia in 2026 with capital of 109 million yen. The impact on earnings is judged to be minimal.

For the third quarter of the fiscal year ending March 2026, net sales amounted to JPY 2,743,725 thousand (37.9% increase YoY), operating loss was JPY 6,948,787 thousand, and quarterly net loss attributable to owners of parent was JPY 6,246,794 thousand.

The consolidated full-year earnings forecast for the fiscal year ending March 2026 has been downwardly revised to net sales of 3,400 million yen (down 45.2% from the previous forecast). Operating loss is projected at 10,000 million yen, and net loss attributable to owners of parent is forecast at 7,200 million yen.

In the third quarter of the fiscal year ending March 2026, foreign exchange gains of 1,585 million yen were recorded as non-operating income, bringing the cumulative total to 2,091 million yen.

In FY March 2026 Q3, major contracts advanced including Mission 3 with total contract value of 12.7 billion yen, Mission 4 with 5.8 billion yen, ESA budget secured for 11.9 billion yen, and 20 billion yen support from the Space Strategy Fund.

ispace Inc. has been selected for support of up to 20 billion yen under JAXA’s 2nd term Space Strategy Fund and will begin development of high-precision landing technology near the lunar south pole by 2029.