Astroscale Holdings Inc. (JP:186A)
:186A
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Astroscale Holdings Inc.
(186A)
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Rating:44Neutral
Price Target:
¥1,334.00
▲(128.42% Upside)
Action:Reiterated
Date:06/13/26
The score is primarily constrained by weak financial performance—large ongoing losses, very low gross profitability, and heavy negative free cash flow implying continued funding needs. Technicals are mixed (below the 20-day average but above longer-term averages), offering only modest support, while valuation remains unattractive due to negative earnings and no dividend yield data.
Positive Factors
Structural industry tailwind
Astroscale operates in a long-term growth category: debris mitigation and in‑orbit services. National programs and commercial constellations increase structural demand for inspection, life‑extension and removal services, supporting recurring mission contracts and sustained revenue opportunities.
Negative Factors
Deep negative free cash flow
Consistent, expanding free cash flow deficits indicate the business requires ongoing external capital to fund operations and missions. Persistent cash burn constrains reinvestment, increases dilution or refinancing risk, and limits runway for scaling until operating cash generation turns positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural industry tailwind
Astroscale operates in a long-term growth category: debris mitigation and in‑orbit services. National programs and commercial constellations increase structural demand for inspection, life‑extension and removal services, supporting recurring mission contracts and sustained revenue opportunities.
Read all positive factors
Astroscale Holdings Inc. (186A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥208.28B
Dividend YieldN/A
Average Volume (3M)6.36M
Price to Earnings (P/E)―
Beta (1Y)1.57
Revenue Growth141.79%
EPS Growth73.06%
CountryJP
Employees494
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-49.67
Shares Outstanding138,392,400
10 Day Avg. Volume12,134,070
30 Day Avg. Volume6,356,840
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)21.42
Price to Sales (P/S)29.12
P/FCF Ratio-9.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥950.00Price Target Upside62.67% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-41.21
Revenue Forecast (FY)¥9.98B
Astroscale Holdings Inc. Business Overview & Revenue Model
Company Description
Astroscale Holdings Inc. specializes in providing in-orbit service solutions aimed at ensuring the long-term sustainability of space. The company offers a comprehensive suite of services, including end-of-life (EOL) solutions for the planned de-or...
How the Company Makes Money
Astroscale primarily makes money by providing mission and engineering services related to in-orbit servicing and space debris mitigation. Revenue is generated through (1) customer-funded development contracts for spacecraft, subsystems, and enabli...
Astroscale Holdings Inc. Financial Statement Overview
Summary
Income Statement
16
Very Negative
Balance Sheet
34
Negative
Cash Flow
14
Very Negative
| Breakdown | Apr 2026 | Apr 2025 | Apr 2025 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.94B | 2.46B | 2.85B | 1.79B | 910.37M |
| Gross Profit | 19.25M | -4.50B | -2.75B | -5.57B | -1.97B |
| EBITDA | -15.15B | -19.95B | -7.99B | -8.70B | -5.36B |
| Net Income | -6.70B | -21.55B | -9.18B | -9.26B | -5.48B |
Balance Sheet | |||||
| Total Assets | 32.12B | 33.63B | 24.99B | 30.44B | 20.13B |
| Cash, Cash Equivalents and Short-Term Investments | 10.02B | 21.30B | 14.20B | 22.68B | 16.87B |
| Total Debt | 10.57B | 13.93B | 13.18B | 9.73B | 2.50B |
| Total Liabilities | 24.05B | 27.50B | 19.59B | 15.55B | 6.03B |
| Stockholders Equity | 8.08B | 6.13B | 5.40B | 14.89B | 14.09B |
Cash Flow | |||||
| Free Cash Flow | -17.84B | -12.83B | -13.91B | -9.47B | -5.98B |
| Operating Cash Flow | -12.49B | -12.25B | -12.82B | -7.94B | -5.50B |
| Investing Cash Flow | -6.93B | -1.04B | -1.18B | -1.63B | -662.66M |
| Financing Cash Flow | 7.24B | 20.82B | 4.15B | 15.23B | 13.79B |
Astroscale Holdings Inc. Technical Analysis
Negative
584.00
Price Trends
1722.94
Negative
1373.86
Positive
1043.29
Positive
Market Momentum
-54.32
Positive
35.89
Neutral
14.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:186A, the sentiment is Negative. The current price of 584 is below the 20-day moving average (MA) of 2145.20, below the 50-day MA of 1722.94, and below the 200-day MA of 1043.29, indicating a neutral trend. The MACD of -54.32 indicates Positive momentum. The RSI at 35.89 is Neutral, neither overbought nor oversold. The STOCH value of 14.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:186A.
Astroscale Holdings Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥168.03B | 12.93 | ― | 2.81% | 12.49% | 26.21% | |
71 Outperform | ¥143.32B | 12.49 | 9.14% | 2.84% | 6.97% | 28.34% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥85.14B | 19.65 | 19.52% | 0.13% | 45.08% | 102.67% | |
53 Neutral | ¥42.00B | 43.46 | ― | ― | 23.38% | 24.53% | |
44 Neutral | ¥208.28B | -27.87 | ― | ― | 141.79% | 73.06% |
* Industrials Sector Average
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Astroscale Holdings Inc. Corporate Events
Astroscale Narrows Non-Consolidated Losses on FX Gains and Lower Subsidiary Valuation Hits
Jun 12, 2026
Astroscale Holdings reported a modest increase in non-consolidated revenue for the fiscal year ended April 30, 2026, driven mainly by higher income from speaking engagements, while operating results remained in loss territory. The company highligh...
Astroscale Books Large Forex Gains on Year-End Currency Revaluation
Jun 12, 2026
Astroscale Holdings Inc. reported a significant foreign exchange gain for the three months ended April 30, 2026, driven by fluctuations in currency markets. The gain largely stemmed from revaluing foreign currency cash, cash equivalents and loans ...
Astroscale flags risks and translation limits in FY2026 results presentation
Jun 12, 2026
Astroscale Holdings Inc. released an English-language financial results presentation for its fiscal year 2026, accompanied by an extensive disclaimer emphasizing the use of forward-looking statements. The company cautioned that actual results coul...
Astroscale Narrows Losses as Revenue Jumps but Expects Continued Red Ink
Jun 12, 2026
Astroscale Holdings reported a sharp increase in project income to ¥11.5 billion and revenue to ¥5.94 billion for the fiscal year ended April 30, 2026, but remained loss-making with an operating loss of ¥9.98 billion and a net loss ...
Astroscale completes multi-billion yen equity and convertible bond financing
Jun 5, 2026
Astroscale Holdings Inc. has completed payment for the issuance of new common shares via a third-party allotment to Hulic Co., Ltd. and SKY Perfect JSAT Corporation, increasing its capital stock by roughly ¥2.15 billion. The company also clos...
Astroscale Sets Terms for 2029 Convertible Bonds and New Share Allotment
May 20, 2026
Astroscale Holdings Inc., a Tokyo Stock Exchange Growth Market-listed space company specializing in satellite-related services, is reinforcing its capital structure through a mix of equity and convertible financing. The company continues to levera...
Astroscale Raises Long-Term Capital with Convertible Bonds to Fund Growth in On-Orbit Services
May 19, 2026
Astroscale Holdings has approved the issuance of zero-coupon convertible bonds due 2029, along with new shares and Series 1 unsecured convertible bonds through third-party allotments to Hulic and SKY Perfect JSAT. The move is designed to strengthe...
Astroscale details supplementary disclosure on strategic growth financing
May 19, 2026
Astroscale Holdings Inc. outlined supplementary information on its strategic growth financing tied to the issuance of zero coupon convertible bonds due 2029 and new shares. The materials clarify that the instruments, including convertible bonds wi...
Astroscale boosts revenue, secures audited review ahead of new convertible bond offerings
May 19, 2026
Astroscale Holdings reported consolidated results for the nine months ended January 31, 2026, showing project income of ¥8,349 million, up 125.1% year on year, and revenue of ¥4,415 million, up 194.5%. Despite this strong top-line growth...
Astroscale Forms Strategic Capital Alliance with SKY Perfect JSAT to Expand On-Orbit Services
May 19, 2026
Astroscale Holdings Inc. has approved a capital and business alliance with SKY Perfect JSAT Corporation to strengthen and expand its on-orbit servicing operations and create new business opportunities in space services. By combining AstroscaleR...
Astroscale to Switch Independent Auditor to KPMG AZSA After Seven-Year Term
May 18, 2026
Astroscale Holdings Inc. plans to replace its current independent auditor, Ernst Young ShinNihon LLC, with KPMG AZSA LLC, subject to approval at its July 30, 2026 shareholders’ meeting. The change follows a seven-year engagement period with...
Astroscale Narrows Full-Year Loss Outlook on FX Gains Despite Subsidy Delays
May 17, 2026
Astroscale revised its consolidated forecast for the fiscal year ending April 30, 2026, projecting project income of ¥11.3 billion, near the upper end of its prior range thanks to robust growth in existing projects, even as government subsidy...
Astroscale Strengthens Global Leadership With New Finance Executive and Management Structure
Apr 26, 2026
Astroscale Holdings Inc. has strengthened its leadership structure by appointing Yoichiro Oshima as Executive Officer and Senior Vice President of Global Finance, effective April 24, 2026. This move reinforces the company’s global finance fu...
Astroscale Secures ¥1.25 Billion JAXA Grant for GEO Refueling Technology
Apr 10, 2026
Astroscale Holdings said its Japanese subsidiary has received a confirmed grant allocation of ¥1.25 billion from the Japan Aerospace Exploration Agency’s Space Strategy Fund for a two-year phase of a four-year technology development pro...
Astroscale Issues Cautious 2026 Business Update and Translation Notice
Apr 9, 2026
Astroscale Holdings Inc. has issued an informational business update document dated April 9, 2026, outlining its current assumptions, future outlook, and mission development plans. The company emphasizes that its statements are forward-looking and...
Astroscale Secures Second-Year REFLEX-J Contract for Satellite Refueling R&D
Apr 2, 2026
Astroscale Holdings said its Japanese subsidiary, Astroscale Japan Inc., has signed the second-year contract for the REFLEX-J project, a government-backed research and development program for satellite refueling technology under the Japan Science ...
Astroscale Tightens Global Management as Space Sustainability Business Scales Up
Apr 1, 2026
Astroscale Holdings has overhauled its global management structure effective April 1, 2026, elevating several executives and more tightly integrating regional leaders into the group’s top ranks. Founder Mitsunobu Okada remains representative...
Astroscale Names Gayle Sheppard Lead Independent Outside Director to Bolster Governance
Apr 1, 2026
Astroscale Holdings has appointed technology executive Gayle Sheppard as its Lead Independent Outside Director, effective April 1, 2026, following a board resolution on March 31. The company expects her deep management experience at major technolo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.