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Axelspace Holdings Corp. ( (JP:402A) ) has provided an update.
Axelspace Holdings Corporation has issued a partial correction to its earlier announcement about a new ground station antenna service agreement with Kongsberg Satellite Services AS (KSAT), revising how it described the contract’s financial impact. The company clarified that, although the total contract amount remains undisclosed at the counterparty’s request, the value of the agreement itself—not specifically its impact on ordinary loss—is now expected to exceed 10% of Axelspace’s consolidated net sales for the fiscal year ended May 2025, underscoring the contract’s material significance for the company’s operations and financial position.
More about Axelspace Holdings Corp.
Axelspace Holdings Corporation is a Japan-based space technology company listed on the Tokyo Stock Exchange Growth Market, focused on developing and operating small satellites and related space infrastructure and services for commercial and institutional customers.
Average Trading Volume: 2,506,279
Technical Sentiment Signal: Strong Sell
See more insights into 402A stock on TipRanks’ Stock Analysis page.