TOKYO, May 15 (Pulse News Wire) – ispace,inc. (9348.T) reported on Monday that it expects to record a loss related to prepayments during its fiscal first quarter ending April 01, 2026.
In a statement released today, the company said that due to adjustments made at its March 27, 2026 board meeting concerning the rescheduling of mission timelines in the United States, a reassessment was conducted on the development of Lander Kanren Torihiki at ispace technologies U.S., inc. As a result, there is a high likelihood that the associated vendor will not provide services for components intended for the lunar lander, nor will repayment of the prepayment be possible. Consequently, the company determined that the asset value of the prepayment should be reevaluated, leading to an expected loss of ¥3.688 billion (converted based on the exchange rate as of March 31, 2026).
This anticipated loss has been incorporated into the company's consolidated performance forecast for the fiscal year ending March 2027, which was also disclosed today. However, ispace,inc. stated that it will promptly disclose any additional significant developments arising from this situation.
The company’s CFO and Executive Officer, Norio Noda, emphasized that while the impact has been accounted for in their latest projections, ongoing monitoring of the situation remains crucial.
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