Fiscal Year March 2026 Third Quarter Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

Net sales for the cumulative consolidated third quarter period of the fiscal year ending March 2026 were JPY 2,743,725 thousand (37.9% increase YoY). Meanwhile, operating loss worsened to JPY 6,948,787 thousand from a loss of JPY 6,434,046 thousand in the same period last year, although ordinary loss and quarterly net loss attributable to owners of parent improved year-over-year. The increase in sales was mainly due to higher project revenue including government subsidies. The company continues to focus on its single segment, lunar development business, advancing specification changes and technological enhancements following Mission 3.

Financial Position and Outlook

Total assets rose significantly to JPY 50,818,054 thousand from the previous fiscal year-end, and net assets increased to JPY 16,845,477 thousand. This was primarily driven by increases in capital stock and capital surplus resulting from public and third-party allotment share issuances. The growth in current assets was due to increases in cash and deposits, while both current and non-current liabilities also increased. The full-year earnings guidance for the fiscal year ending March 2026 has been revised; please refer to separately published materials for details. The company judges that there are no significant uncertainties related to the going concern assumption, but will continue to focus on advancing R&D, customer acquisition, talent recruitment, strengthening internal controls, and securing growth capital.