Synspective Inc. (JP:290A)
:290A
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Synspective Inc.
(290A)
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Rating:53Neutral
Price Target:
¥1,840.00
▲(36.70% Upside)
Action:Reiterated
Date:05/24/26
The score is held back primarily by weak financial performance—persistent operating losses, volatile gross profit, and consistently negative free cash flow (despite improved operating cash flow in 2025) alongside rising debt. Technicals are a meaningful offset, showing strong trend and momentum, while valuation remains challenged due to loss-making earnings and no dividend support.
Positive Factors
Integrated SAR data + analytics business
Synspective combines owned SAR satellite operations with downstream analytics and project services for government and enterprise use cases. This vertical integration supports recurring data/subscription sales and differentiated, sticky offerings (tasking, archives, analytics) aligned with durable demand for infrastructure monitoring and disaster response.
Negative Factors
Persistent operating losses
Despite revenue growth, the company has sustained large operating losses and negative EBITDA, which limits internal funding for growth and increases reliance on external capital. Continued unprofitable operations constrain margins and make long-term profitability dependent on meaningful cost discipline or higher-margin product mix shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated SAR data + analytics business
Synspective combines owned SAR satellite operations with downstream analytics and project services for government and enterprise use cases. This vertical integration supports recurring data/subscription sales and differentiated, sticky offerings (tasking, archives, analytics) aligned with durable demand for infrastructure monitoring and disaster response.
Read all positive factors
Synspective Inc. (290A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥250.24B
Dividend YieldN/A
Average Volume (3M)1.71M
Price to Earnings (P/E)―
Beta (1Y)-0.57
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees192
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-13.14
Shares Outstanding131,983,700
10 Day Avg. Volume2,401,110
30 Day Avg. Volume1,711,883
Financial Highlights & Ratios
PEG Ratio3.92
Price to Book (P/B)3.39
Price to Sales (P/S)55.26
P/FCF Ratio-13.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)24.34
Revenue Forecast (FY)¥6.62B
Synspective Inc. Business Overview & Revenue Model
Company Description
Synspective provides SAR data and remote monitoring services to government agencies. Its satellite data technology utilizes and integrates data from satellite constellations, big data, and machine learning. It provides various satellite services, ...
How the Company Makes Money
Synspective makes money primarily by selling access to SAR satellite imagery and related geospatial analytics delivered as data products and services. Key revenue streams include: (1) sale or subscription licensing of SAR observation data (e.g., i...
Synspective Inc. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 2.38B | 2.32B | 1.39B | 492.41M |
| Gross Profit | 7.77M | 226.76M | 830.61M | 360.35M |
| EBITDA | -2.53B | -1.97B | -1.68B | -4.20B |
| Net Income | -371.16M | -3.59B | -1.52B | -6.27B |
Balance Sheet | ||||
| Total Assets | 49.37B | 28.20B | 11.31B | 9.89B |
| Cash, Cash Equivalents and Short-Term Investments | 24.54B | 14.24B | 4.47B | 6.60B |
| Total Debt | 9.38B | 7.29B | 3.03B | 501.00M |
| Total Liabilities | 10.58B | 8.32B | 3.44B | 1.80B |
| Stockholders Equity | 38.79B | 19.87B | 7.87B | 8.09B |
Cash Flow | ||||
| Free Cash Flow | -9.96B | -9.16B | -5.96B | -6.68B |
| Operating Cash Flow | 1.66B | -1.80B | -2.34B | -4.18B |
| Investing Cash Flow | -11.63B | -7.46B | -3.64B | -2.50B |
| Financing Cash Flow | 20.27B | 19.03B | 3.84B | 5.93B |
Synspective Inc. Technical Analysis
Positive
1346.00
Price Trends
1429.40
Positive
1325.70
Positive
1156.38
Positive
Market Momentum
156.71
Negative
63.58
Neutral
73.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:290A, the sentiment is Positive. The current price of 1346 is below the 20-day moving average (MA) of 1597.50, below the 50-day MA of 1429.40, and above the 200-day MA of 1156.38, indicating a bullish trend. The MACD of 156.71 indicates Negative momentum. The RSI at 63.58 is Neutral, neither overbought nor oversold. The STOCH value of 73.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:290A.
Synspective Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥71.72B | 7.15 | ― | 3.28% | 12.54% | 171.52% | |
70 Outperform | ¥7.98B | 18.72 | ― | 3.47% | -0.50% | -8.80% | |
70 Outperform | ¥22.60B | 41.65 | ― | ― | 31.09% | 75.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | ¥8.09B | 14.44 | ― | ― | 19.63% | 91.86% | |
58 Neutral | ¥6.27B | 130.11 | ― | ― | 9.85% | -83.97% | |
53 Neutral | ¥250.24B | -273.31 | ― | ― | ― | ― |
* Technology Sector Average
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Synspective Inc. Corporate Events
Synspective to Book Major JAXA Subsidy as Non-Operating Income
May 20, 2026
Synspective Inc. will record significant non-operating income in the second quarter of its fiscal year ending December 31, 2026, primarily from subsidy income tied to Japan Aerospace Exploration Agency’s Space Strategy Fund. The company expe...
Synspective Builds Record Order Backlog on Defense Deal Despite Q1 Revenue Drop
May 15, 2026
Synspective Inc., a SAR satellite operator and solutions provider, is expanding its constellation and service offerings for government and private clients, including Japan’s defense, cabinet, and environmental agencies. The company also leve...
Synspective Outlines Q1 FY2026 Results and Full-Year Outlook
May 15, 2026
Synspective Inc. reported its financial results for the first quarter of fiscal 2026, covering the period from January 1 to March 31, 2026. The disclosure outlines key performance highlights, recent business developments, detailed quarterly financ...
Synspective Widens Quarterly Loss but Targets Strong 2026 Turnaround
May 15, 2026
Synspective reported total revenue of ¥746 million for the three months ended March 31, 2026, down 35.4% year on year, with net sales falling 38.7% to ¥697 million and a deeper operating loss of ¥1,613 million as it continues to pri...
Synspective Wins Fifth Straight Cabinet Office SAR Satellite Project
Apr 1, 2026
Japan’s Cabinet Office has once again selected Synspective Inc. for a fiscal 2026 demonstration project to test and expand the use of small synthetic aperture radar satellite constellations across government ministries. The contract, worth 3...
Synspective Wins JAXA Backing for Next-Generation Small SAR Satellite Project
Mar 24, 2026
Synspective Inc. has been selected by the Japan Aerospace Exploration Agency under Phase 2 of the Space Strategy Fund to develop technology that enhances the capabilities of next-generation Earth observation satellites. The subsidized project, tit...
Synspective Deploys Eighth StriX SAR Satellite to Expand Earth Observation Constellation
Mar 22, 2026
Synspective Inc. has successfully deployed its eighth small SAR satellite in the StriX series, launched by Rocket Lab’s Electron rocket from New Zealand’s Mahia Peninsula on March 20, 2026. The mission, dubbed “Eight Days A Week,...
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.