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Synspective Inc. (JP:290A)
:290A
Japanese Market

Synspective Inc. (290A) AI Stock Analysis

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JP:290A

Synspective Inc.

(290A)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
¥1,154.00
▼(-14.26% Downside)
The score is held back primarily by weak financial performance—persistent losses, shrinking gross margin, and worsening negative free cash flow—despite a relatively solid balance sheet. Technicals are moderately supportive (positive MACD and price above key longer-term averages), but valuation remains unattractive due to negative earnings and no dividend yield data.
Positive Factors
Revenue Growth
Strong revenue growth indicates expanding market reach and successful product adoption, which can support long-term business expansion and market positioning.
Balance Sheet Strength
A strong equity position with manageable leverage suggests financial stability, providing a solid foundation for future growth and operational resilience.
Market Position
Proprietary technology in a specialized niche like SAR satellites positions Synspective as a leader in geospatial data, offering competitive advantages in urban planning and disaster management.
Negative Factors
Profitability Challenges
Ongoing profitability challenges, such as negative EBIT and net margins, can hinder long-term financial health and limit reinvestment capabilities.
Negative Free Cash Flow
Persistent negative free cash flow indicates liquidity challenges, which can restrict operational flexibility and investment in growth opportunities.
Declining Gross Margin
A declining gross margin suggests increased cost pressures, which could erode profitability and competitiveness if not addressed.

Synspective Inc. (290A) vs. iShares MSCI Japan ETF (EWJ)

Synspective Inc. Business Overview & Revenue Model

Company DescriptionSynspective 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, including remote sensing and satellite imagery using small-sized SAR satellites that can measure human activity over a wide area on earth, regardless of time or weather.
How the Company Makes MoneySynspective generates revenue through multiple channels. The primary revenue stream comes from the sale of satellite imagery and geospatial data services to various clients, including governments, private enterprises, and research institutions. The company also offers tailored data analytics solutions, which allow clients to derive actionable insights from the satellite data. Additionally, Synspective may engage in partnerships with other tech firms, government agencies, and research organizations to expand its service offerings and reach new markets. Such collaborations often lead to joint projects or long-term contracts, contributing significantly to the company's earnings.

Synspective Inc. Financial Statement Overview

Summary
Strong revenue growth, but financial quality is weak: profitability remains deeply negative (negative EBIT and net margins) and gross margin declined. Balance sheet leverage is manageable with a high equity ratio, but deteriorating negative free cash flow and cash flow efficiency materially drag the score.
Income Statement
45
Neutral
Synspective Inc. has shown significant revenue growth over the past three years, with a remarkable increase of 67% from 2023 to 2024. However, the company is facing severe profitability challenges, as evidenced by negative EBIT and net margins. The gross profit margin has decreased significantly from 2023 to 2024, indicating increased cost pressures. The net income has been consistently negative, reflecting ongoing operational struggles.
Balance Sheet
60
Neutral
The company's balance sheet reflects a strong equity position, with a debt-to-equity ratio of 0.37 in 2024, suggesting manageable leverage. The equity ratio stands at a healthy 70%, indicating financial stability. However, the return on equity is negative due to substantial net losses, highlighting profitability issues despite a solid capital structure.
Cash Flow
40
Negative
The cash flow statement reveals negative free cash flow, which has deteriorated over the years. The operating cash flow to net income ratio indicates ongoing cash flow challenges relative to losses. Despite significant financing activities, the company's cash flow efficiency remains a concern, impacting its liquidity position.
BreakdownDec 2024Dec 2023Dec 2022
Income Statement
Total Revenue2.32B1.39B492.41M
Gross Profit214.52M816.34M357.88M
EBITDA-2.23B-1.34B-6.18B
Net Income-3.59B-1.52B-6.27B
Balance Sheet
Total Assets28.20B11.31B9.89B
Cash, Cash Equivalents and Short-Term Investments14.24B4.47B6.60B
Total Debt7.29B3.03B501.00M
Total Liabilities8.32B3.44B1.80B
Stockholders Equity19.87B7.87B8.09B
Cash Flow
Free Cash Flow-9.16B-5.85B-6.64B
Operating Cash Flow-1.80B-2.22B-4.14B
Investing Cash Flow-7.46B-3.64B-2.50B
Financing Cash Flow19.03B3.72B5.89B

Synspective Inc. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1346.00
Price Trends
50DMA
1135.88
Positive
100DMA
1034.68
Positive
200DMA
1112.38
Positive
Market Momentum
MACD
12.29
Negative
RSI
54.69
Neutral
STOCH
51.41
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 above the 20-day moving average (MA) of 1113.70, above the 50-day MA of 1135.88, and above the 200-day MA of 1112.38, indicating a bullish trend. The MACD of 12.29 indicates Negative momentum. The RSI at 54.69 is Neutral, neither overbought nor oversold. The STOCH value of 51.41 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
¥5.76B11.622.99%26.64%30.76%
71
Outperform
¥3.42B36.70-1.26%-39.08%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
61
Neutral
¥3.19B35.334.17%-15.23%-65.39%
52
Neutral
¥6.69B-14.58-0.02%-12.19%
50
Neutral
¥155.13B-27.17
44
Neutral
¥3.98B-4.7915.39%-562.65%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:290A
Synspective Inc.
1,179.00
375.00
46.64%
JP:3967
Eltes Co., Ltd.
640.00
-237.00
-27.02%
JP:3996
Signpost Corporation
267.00
-122.00
-31.36%
JP:4386
SIG Group Co., Ltd.
1,000.00
366.05
57.74%
JP:4447
PBsystems, Inc.
499.00
-48.44
-8.85%
JP:5597
Blue innovation Co.,Ltd.
1,663.00
925.00
125.34%

Synspective Inc. Corporate Events

Synspective Wins Role in Japan Defense Ministry Satellite Constellation Project
Dec 24, 2025

Synspective Inc. has been selected as one of seven contractors in Japan’s Ministry of Defense satellite constellation project, a Private Finance Initiative led by Mitsubishi Electric, SKY Perfect JSAT and Mitsui & Co. to build and operate a military-focused imaging constellation and dedicated ground facilities through March 2031. As a partner company, Synspective will supply SAR satellite imagery data to bolster Japan’s reconnaissance and situational awareness capabilities, aligning the firm more closely with national security priorities and potentially reinforcing its competitive position in defense-oriented Earth observation, although any earnings impact will only become clear from the fiscal year ending December 2026 onward.

The most recent analyst rating on (JP:290A) stock is a Hold with a Yen1127.00 price target. To see the full list of analyst forecasts on Synspective Inc. stock, see the JP:290A Stock Forecast page.

Synspective to Book ¥801 Million in METI Innovation Subsidy as Non-Operating Income for Q4 2025
Dec 24, 2025

Synspective Inc. will recognize ¥801 million in subsidy income as non-operating income in the fourth quarter of the fiscal year ending December 31, 2025, after being selected under Japan’s Small and Medium-sized Enterprise Innovation Promotion Program implemented through the SBIR system by the Ministry of Economy, Trade, and Industry. The subsidy has already been factored into the company’s full-year earnings forecast for 2025, and Synspective indicates it will make further disclosures if any additional material items related to this project arise, signaling a modest but clearly defined boost to its financial performance and visibility within government-backed innovation programs.

The most recent analyst rating on (JP:290A) stock is a Hold with a Yen1127.00 price target. To see the full list of analyst forecasts on Synspective Inc. stock, see the JP:290A Stock Forecast page.

Synspective Secures JAXA Subsidy for Satellite Deployment
Dec 16, 2025

Synspective Inc. has announced a significant non-operating income for the fourth quarter of the fiscal year ending December 31, 2025, due to a subsidy from JAXA’s Space Strategy Fund. This income, amounting to 2,243 million yen, is part of a larger grant aimed at accelerating the deployment of commercial satellite constellations. The subsidy is expected to positively impact Synspective’s financial performance and strategic positioning within the aerospace industry.

The most recent analyst rating on (JP:290A) stock is a Hold with a Yen1127.00 price target. To see the full list of analyst forecasts on Synspective Inc. stock, see the JP:290A Stock Forecast page.

Synspective Inc. Reports Increased Revenue but Faces Continued Losses
Nov 14, 2025

Synspective Inc. reported its consolidated financial results for the nine months ending September 30, 2025, showing a total revenue of ¥1,950 million, a 21.3% increase from the previous year. Despite the revenue growth, the company faced significant losses, with an operating loss of ¥3,160 million. The financial results highlight ongoing challenges in achieving profitability, impacting its financial stability and market positioning.

The most recent analyst rating on (JP:290A) stock is a Hold with a Yen919.00 price target. To see the full list of analyst forecasts on Synspective Inc. stock, see the JP:290A Stock Forecast page.

Synspective Inc. Reports October Share Acquisition Exercise
Nov 4, 2025

Synspective Inc. announced the exercise status of its share acquisition rights for October 2025, revealing that 42.51% of the issued rights were exercised, resulting in the delivery of 8.3 million shares. This exercise of rights reflects the company’s ongoing financial strategies and could impact its market positioning by potentially increasing its capital base and shareholder value.

The most recent analyst rating on (JP:290A) stock is a Hold with a Yen919.00 price target. To see the full list of analyst forecasts on Synspective Inc. stock, see the JP:290A Stock Forecast page.

Synspective Announces Change in Major Shareholder Status
Oct 29, 2025

Synspective Inc. announced a change in its major shareholder status due to the issuance of new shares following the exercise of stock acquisition rights. This change resulted in a decrease in the voting rights percentage held by Mitsubishi Electric Corporation, although it remains the largest shareholder. The company stated that this change will not impact its business results.

The most recent analyst rating on (JP:290A) stock is a Hold with a Yen919.00 price target. To see the full list of analyst forecasts on Synspective Inc. stock, see the JP:290A Stock Forecast page.

Synspective Inc. Executes Major Share Acquisition Rights Exercise
Oct 29, 2025

Synspective Inc. announced a significant exercise of share acquisition rights, involving 2,500,000 shares, under a reset clause issued in August 2025. This exercise, representing 12.81% of the total rights issued, reflects the company’s strategic financial maneuvers to potentially enhance its market position and operational capabilities.

The most recent analyst rating on (JP:290A) stock is a Hold with a Yen919.00 price target. To see the full list of analyst forecasts on Synspective Inc. stock, see the JP:290A Stock Forecast page.

Synspective Inc. Suspends 5th Series Share Acquisition Rights
Oct 28, 2025

Synspective Inc. has announced the suspension of its 5th Series of Share Acquisition Rights, initially issued in August 2025, which were allocated to Nomura Securities Co., Ltd. This suspension, effective from October 30 to December 30, 2025, may impact the company’s financial strategies and investor relations, reflecting its ongoing adjustments in capital management.

The most recent analyst rating on (JP:290A) stock is a Hold with a Yen919.00 price target. To see the full list of analyst forecasts on Synspective Inc. stock, see the JP:290A Stock Forecast page.

Synspective Inc. Announces Subsidy Income Boost for Q4 2025
Oct 27, 2025

Synspective Inc. has announced the posting of non-operating income from a subsidy received through Japan’s Ministry of Economy, Trade, and Industry’s Small and Medium-sized Enterprise Innovation Promotion Program. This subsidy, amounting to ¥441,419 thousand, will be reflected in the company’s financial results for the fourth quarter of the fiscal year ending December 31, 2025. This development is expected to positively impact Synspective’s financial performance and support its continued innovation and growth in the satellite data solutions sector.

The most recent analyst rating on (JP:290A) stock is a Hold with a Yen919.00 price target. To see the full list of analyst forecasts on Synspective Inc. stock, see the JP:290A Stock Forecast page.

Synspective Successfully Launches Seventh SAR Satellite
Oct 14, 2025

Synspective Inc. has successfully launched its seventh SAR satellite, StriX, as part of the ‘Owl New World’ mission, enhancing its Earth observation capabilities. This development is expected to impact the company’s operational capabilities positively and is already factored into the fiscal year performance forecast for 2025.

The most recent analyst rating on (JP:290A) stock is a Hold with a Yen956.00 price target. To see the full list of analyst forecasts on Synspective Inc. stock, see the JP:290A Stock Forecast page.

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.Date of analysis: Dec 26, 2025