Ispace Reports Increased Revenue Despite Mission Delays, Seeks Further Funding

TOKYO, Jun 26 (Pulse News Wire) – Ispace,inc. (9348.T) reported increased revenue for the fiscal year ending March 2026 due to higher government grants related to mission M3, despite delays in mission M5 leading to reduced sales.

Operating profit rose by 18% compared to the previous year, while net losses narrowed year-over-year. The company also secured additional funding through equity issuance and loans amounting to ¥10.00 billion from Mizuho Bank and others. In the upcoming fiscal year, ispace expects further growth driven by missions M3 and M4, anticipating project revenues of ¥9 billion, up 50% percent from the prior period.

However, operating expenses are projected to increase due to ongoing research and development costs associated with mission M3 and personnel additions. ispace continues to face risks including potential loan covenant breaches and uncertainties in securing future funding. To mitigate these risks, the company plans to diversify its financing methods, enhance shareholder relations, and maintain regular communication with lenders.