TOKYO, May 15 (Pulse News Wire) – Synspective Inc. (290A.T) reported a revenue increase in its fiscal 2026 first quarter, driven by a significant defense contract.
The company's backlog reached ¥124.4 billion due to a five-year agreement worth ¥96.07 billion with the Ministry of Defense for satellite constellation operations, which began in April. Operating profit and ordinary profit met expectations despite a decrease in sales compared to the previous year. The company secured two additional launch opportunities with SpaceX, bringing its total to 26 launches. Sales revenue stood at ¥740 million, down 35.4% year-over-year primarily due to the completion of SAR satellite validation projects in the previous quarter.
Research and development expenses increased to ¥330 million. Total income was ¥740 million, marking a 35.4% decline from the same period last year. Looking ahead, Synspective forecasts continued growth through government contracts and grants. The company expects approximately 92% of its projected annual sales to come from domestic and international governmental clients, with 95% already secured.
The outlook remains positive, with plans to expand manufacturing capacity to meet rising demand.
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