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Axelspace Holdings Corp. ( (JP:402A) ) has provided an update.
Axelspace Holdings Corp. announced that its subsidiary Axelspace Corporation has signed an exclusive, long-term agreement with Norway-based Kongsberg Satellite Services (KSAT) to secure the use of two dedicated satellite communications antennas, along with backup operational support, for its small satellite operations into the 2030s. The five-year contract from the start of operations is aimed at ensuring stable and reliable communication opportunities between Axelspace’s satellites and ground stations amid rising global demand for small satellite constellations; while the total contract amount is undisclosed, the company expects the contract’s impact on consolidated ordinary loss for the fiscal year ending May 2026 to exceed 10% of net sales for the prior fiscal year, though this has already been factored into its current earnings forecast and is not expected to materially alter its guidance.
More about Axelspace Holdings Corp.
Axelspace Holdings Corporation, listed on the Tokyo Stock Exchange Growth Market, operates in the space and satellite services industry through its consolidated subsidiary Axelspace Corporation. The group focuses on small satellite operations and related space-based services, targeting the growing global market for small satellite constellations and the associated need for reliable ground station communications to support stable, long-term service delivery.
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Technical Sentiment Signal: Strong Sell
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