ispace to Establish Saudi Subsidiary to Expand Lunar Business

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

ispace, inc. has decided the details of a new wholly owned subsidiary in Saudi Arabia, as approved by its board on February 25, 2026, to expand its lunar exploration and development business in the Kingdom. The new entity, ispace S A, based in Riyadh with capital of 700,000 dollars, is intended to deepen relationships with local stakeholders and cultivate long-term partnerships, although the company does not expect a material impact on its earnings forecast for the fiscal year ending March 31, 2026.

The Saudi subsidiary will be a consolidated unit of ispace, with senior executives including CEO Takeshi Hakamada and CFO Jumpei Nozaki serving concurrently as directors to align strategy and oversight. By establishing a legal presence in the Kingdom after obtaining necessary approvals, ispace aims to position itself for future business opportunities in the region’s growing space and technology sector while maintaining its current financial guidance.

The most recent analyst rating on (JP:9348) stock is a Hold with a Yen598.00 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 space technology company focused on lunar exploration and development services. The company operates sales and development hubs in Japan, the United States and Luxembourg, targeting commercial opportunities in the emerging lunar economy for government and private-sector clients.

Average Trading Volume: 1,968,277

Technical Sentiment Signal: Buy

Current Market Cap: Yen84.03B

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