Axelspace Holdings Corporation [402A.T]
TOKYO, Jun 16 (Pulse News Wire) – Axelspace Holdings Corporation (402A.T) announced today that its subsidiary, Axelspace Corp., has reached an agreement with Kongsberg Satellite Services AS (KSAT) for the utilization of satellite ground station antennas and the extension of existing antenna contracts. The agreements aim to enhance service stability for the GRUS series satellites used in the AxelGlobe project.
Under the new contract, Axelspace will utilize KSAT’s network of more than 400 antennas across 40 locations worldwide. The agreement includes the use of new antennas and backup support during operation, set to run for five years from the operational launch date. Additionally, an existing contract will be extended for two years beyond its initial term. Both agreements are scheduled to be finalized on June 23, 2026.
“By expanding our strategic cooperation with KSAT, we are reinforcing our ability to deliver stable services for our GRUS series satellites,” said President and CEO Motoya Nakamura of Axelspace Holdings Corporation. “This collaboration underscores our commitment to advancing data solutions and ground station services.” Regarding the impact on performance, while the contract amount remains undisclosed due to confidentiality reasons, it is expected to exceed the sales revenue reported for the fiscal year ending May 2025. There are no changes to the previously disclosed earnings forecast for the fiscal year ending May 2026, which was released on April 14, 2026. Any further significant developments will be promptly communicated.
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