Source disclosure: January 29, 2026
TODA CORPORATION [186A.T]
TOKYO, Jan 29 (Pulse News Wire) -- AstroScale Holdings Co., Ltd., listed on the Tokyo Stock Exchange's Growth Market under code 186A, has announced that its Japanese subsidiary, AstroScale Japan Inc. (ASJP), has been selected as an implementing entity for the second phase of JAXA’s Space Strategy Fund program aimed at realizing free movement in space. The project, which focuses on developing fuel replenishment technology for electric propulsion systems in geostationary orbit, is expected to receive up to ¥15 billion over four years.
The selection was made public by JAXA on January 23, 2026, but the company disclosed the information today after obtaining permission from JAXA. This strategic initiative underscores the importance of expanding beyond traditional chemical propellants to include electric propulsion in the long-term growth strategy of the AstroScale Group. Such versatility is seen as crucial given the growing demand for satellite refueling services across both defense and civilian sectors.
The development aims to advance technologies enabling autonomous movement between orbits, including core techniques for orbital fueling and logistics. Specifically, ASJP will focus on creating repeatable fuel delivery systems and transfer methods for electric propulsion, aiming to enhance economic efficiency in geostationary satellite operations and foster synergies with other orbital services. By achieving these objectives, the group anticipates making its own satellites capable of receiving fuel in the future, thereby improving operational efficiencies further.
AstroScale Holdings President and CEO Mitsuhide Okada emphasized the potential impact of this technology on the broader market. “This project not only supports our internal goals but also positions us to contribute significantly to the evolving landscape of space logistics,” he stated. CFO Yukihiro Matsuyama added, “We expect this investment to yield substantial returns starting from fiscal year 2027, contributing positively to our consolidated earnings.”
While the current fiscal year ending March 2026 does not factor in the anticipated benefits from this project, AstroScale remains optimistic about its contribution to future earnings. The company projects that revenues generated through this project will be recognized throughout the four-year funding period, potentially enhancing performance in subsequent fiscal years beginning April 2027.
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