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Synspective Inc.
(290A)
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Rating:42Neutral
Price Target:
¥1,015.00
▼(-24.59% Downside)
Action:Reiterated
Date:06/20/26
The score is held down primarily by persistent operating losses and structurally negative free cash flow, despite strong historical revenue growth and a more sizable equity base. Technical signals are also weak with the stock trading below key moving averages and negative MACD, while valuation support is limited given negative earnings and no dividend yield.
Positive Factors
Revenue scaling
Sustained multi-year revenue scaling indicates growing market demand for SAR data and analytics and supports building recurring subscription and project revenue streams. Over months this underpins customer relationships, product refinement, and unit-economics improvements as the business scales its satellite-data platform.
Negative Factors
Persistent operating losses
Consistent, deep operating losses show the business has not yet achieved profitable unit economics. Over months this forces continued capital raising or debt use to fund operations, complicating long-term margin recovery and increasing dilution or leverage risk if revenue growth does not accelerate to cover fixed costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue scaling
Sustained multi-year revenue scaling indicates growing market demand for SAR data and analytics and supports building recurring subscription and project revenue streams. Over months this underpins customer relationships, product refinement, and unit-economics improvements as the business scales its satellite-data platform.
Read all positive factors
Synspective Inc. (290A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥152.61B
Dividend YieldN/A
Average Volume (3M)1.71M
Price to Earnings (P/E)―
Beta (1Y)-0.43
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees228
SectorIndustrials
Sector Strength72
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-5.57
Shares Outstanding132,935,900
10 Day Avg. Volume2,401,110
30 Day Avg. Volume1,711,883
Financial Highlights & Ratios
PEG Ratio3.91
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)23.59
Revenue Forecast (FY)¥6.50B
Synspective Inc. Business Overview & Revenue Model
Company Description
Synspective provides synthetic aperture radar (SAR) data and remote monitoring solutions to government entities. Its sophisticated satellite data platform integrates information from its constellation of satellites with big data analysis and machi...
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.94B | 2.38B | 2.32B | 1.39B | 492.41M |
| Gross Profit | -502.94M | 7.77M | 226.76M | 830.61M | 360.35M |
| EBITDA | 447.14M | 962.70M | -2.23B | -1.34B | -6.18B |
| Net Income | -913.82M | -371.16M | -3.59B | -1.52B | -6.27B |
Balance Sheet | |||||
| Total Assets | 48.36B | 49.37B | 28.20B | 11.31B | 9.89B |
| Cash, Cash Equivalents and Short-Term Investments | 19.99B | 24.54B | 14.24B | 4.47B | 6.60B |
| Total Debt | 9.62B | 9.38B | 7.29B | 3.03B | 501.00M |
| Total Liabilities | 11.06B | 10.58B | 8.32B | 3.44B | 1.80B |
| Stockholders Equity | 37.30B | 38.79B | 19.87B | 7.87B | 8.09B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -9.96B | -9.16B | -5.96B | -6.68B |
| Operating Cash Flow | 0.00 | 1.66B | -1.80B | -2.34B | -4.18B |
| Investing Cash Flow | 0.00 | -11.63B | -7.46B | -3.64B | -2.50B |
| Financing Cash Flow | 0.00 | 20.27B | 19.03B | 3.84B | 5.93B |
Synspective Inc. Technical Analysis
Positive
1346.00
Price Trends
1290.96
Positive
1355.57
Negative
1244.61
Positive
Market Momentum
1.98
Negative
59.58
Neutral
96.58
Negative
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 above the 20-day moving average (MA) of 1193.55, above the 50-day MA of 1290.96, and above the 200-day MA of 1244.61, indicating a bullish trend. The MACD of 1.98 indicates Negative momentum. The RSI at 59.58 is Neutral, neither overbought nor oversold. The STOCH value of 96.58 is Negative, 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 (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥27.25B | 33.53 | ― | ― | 24.82% | 82.75% | |
71 Outperform | ¥76.15B | 9.15 | ― | 3.28% | 9.71% | 61.00% | |
70 Neutral | ¥7.83B | 19.36 | ― | 3.47% | -0.50% | -8.80% | |
65 Neutral | ¥8.58B | 15.31 | ― | ― | 19.63% | 91.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | ¥4.84B | 68.78 | ― | ― | 6.95% | -31.87% | |
42 Neutral | ¥152.61B | -206.10 | ― | ― | ― | ― |
* Industrials Sector Average
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Synspective Inc. Corporate Events
Synspective Wins METI Subsidy for Global South Satellite Monitoring Push
Jun 30, 2026
Synspective has been selected as an indirect subsidy recipient under Japan’s Ministry of Economy, Trade and Industry’s Global South Future-Oriented Co-Creation program for small-scale demonstration and feasibility projects. The company...
Synspective Successfully Orbits 10th StriX SAR Satellite with Rocket Lab
Jun 28, 2026
Synspective Inc. has successfully launched and deployed its 10th small SAR satellite in the StriX series, using Rocket Lab USA’s Electron rocket from New Zealand’s Mahia Peninsula. The satellite’s antenna deployment and initial c...
Synspective’s Ninth StriX SAR Satellite Reaches Orbit and Begins Commissioning
May 24, 2026
Synspective Inc. announced that its ninth small SAR satellite in the StriX series has been successfully placed into orbit by Rocket Lab’s Electron rocket, launched from New Zealand’s Mahia Peninsula. The satellite’s antenna has d...
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...
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.