ispace (9348) Q1 24/25 earnings summary

Executive summary

• Net sales for Q1 FY2025 were ¥635 million, down 22.1% year-over-year, with an operating loss of ¥2,295 million and net loss attributable to owners of parent of ¥1,579 million.

• The company continues to focus on lunar surface development, progressing with Mission 2 and Mission 3 landers and expanding partnerships and client base.

• The business environment remains challenging due to global economic uncertainty, inflation, and currency depreciation, but government and international support for space development is increasing.

Financial highlights

• Gross profit for Q1 FY2025 was ¥107 million, with selling, general, and administrative expenses at ¥2,402 million.

• Comprehensive loss for Q1 FY2025 was ¥1,737 million, compared to ¥1,541 million in the same quarter last year.

• Basic net loss per share for Q1 FY2025 was ¥16.95, compared to ¥17.55 in Q1 FY2024.

• No dividends were paid or forecasted for the fiscal year.

Outlook and guidance

• Full-year FY2025 forecast remains unchanged: net sales of ¥4,033 million (up 71.1% year-over-year), operating loss of ¥13,165 million, and net loss of ¥12,466 million.

• The company is focused on advancing R&D, customer development, and securing human resources to achieve medium- to long-term growth.