TOKYO, May 15 (Pulse News Wire) – ispace,inc. (9348.T) reported a 28.84% increase in operating profit for the fiscal year ending March 2026 compared to the previous year.
Despite revenue declines due to delays in the US mission (now M5), the company saw increased government grants related to its Japanese missions (now M3). Revenue stood at 3,307 million yen, while project revenues reached 5,890 million yen, driven primarily by SBIR grant income from Mission 3. For the quarter, research and development expenses decreased by -49.2% million yen, reflecting a shift towards commercialization phases post-Mission 2.
However, sales and marketing expenses rose by 27% million yen, mainly attributed to personnel increases and higher costs associated with IT system improvements in the US subsidiary and financing-related fees in Japan. Looking ahead, ispace forecasts a significant boost in project revenues for the fiscal year ending March 2027, projecting a 28.84% increase to 9,000 million yen, driven by additional SBIR grants and strategic fund receipts from Missions 3 and 4. The company anticipates continued challenges, particularly from ongoing integration and engine changes impacting profitability in the US operations.
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