ispace cuts FY2026 sales outlook as engine delays push back lunar mission revenues

ispace,inc. ( (JP:9348) ) has issued an announcement.

ispace has revised its consolidated forecast for the fiscal year ending March 31, 2026, cutting expected net sales from ¥6.2 billion to ¥3.4 billion, while newly disclosing project revenue of ¥6.0 billion that includes government grants. The revision stems mainly from delays in engine development for Missions 3 and 4, which have postponed milestone-based customer payments and reduced eligible grant-related project revenue, but do not affect the total contract values for those missions.

Despite the weaker top line, the company now expects narrower operating, ordinary, and net losses than previously forecast, helped by lower development expenses and foreign exchange gains. ispace warned that continued delays in achieving target performance for the new engine, or a possible switch to an alternative engine, could push back the launch schedules for Missions 3 and 4, underscoring execution risk in its lunar program and the timing of future revenue recognition.

The most recent analyst rating on (JP:9348) stock is a Hold with a Yen642.00 price target. To see the full list of analyst forecasts on ispace,inc. stock, see the JP:9348 Stock Forecast page.

More about ispace,inc.

ispace, inc. is a Japan-based commercial lunar exploration company focused on developing lunar landers and related technologies for government and private-sector customers. Listed on the Tokyo Stock Exchange’s Growth Market, the company generates revenue from lunar transportation missions, technology development projects, and associated government grants tied to its multi-mission program.

Average Trading Volume: 1,788,354

Technical Sentiment Signal: Buy

Current Market Cap: Yen94.29B

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