Source disclosure: February 24, 2026
BETREND CORPORATION [402A.T]
TOKYO, Feb 24 (Pulse News Wire) – Betrend Corporation (402A.T) secured a ¥1.2 trillion (tax-excluded) contract for the development and operation of a satellite constellation system from the Japanese Defense Ministry. The project spans five years, beginning in April 2026 and ending in March 2031.
As the sole provider of optical imagery, AxelSpace will deliver services through its subsidiary, TriSat Constellation, alongside Mitsubishi Electric and Mitsui & Co. Under the agreement, AxelSpace expects to record revenue of ¥240 billion per fiscal year, subject to performance metrics set by the client. Any failure to meet these standards could result in penalties.
Additionally, AxelSpace plans to pay a fee based on a certain rate applied to the projected revenues to Mitsui & Co. Regarding future earnings forecasts, the company's projections for the fiscal year ending May 2026 incorporate two months' worth of anticipated revenue from this contract, pending further review. However, there remains uncertainty due to potential changes in project scope or cancellation, which could affect the timing and amount of revenue recognized.
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