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Earnings presentation186AAstroscale Holdings Inc.Information and Communications, Services and Others

Business Briefing Materials (April 2026)

In addition to winning a ¥999 million contract from the Ministry of Defense to develop a general-purpose gripping mechanism, the company signed a contract with Exotrail to develop a deorbit mission. It has stated a policy of targeting future operating profitability through recurring orders from the defense and commercial sectors.

Worth reading
55In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
999
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Earnings presentationCumulative third quarter of the fiscal year ending April 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,415 million+194.7%
Operating profit¥-7,137 million+54.5%
Ordinary income¥-5,016 million+69.3%
Net income¥-5,017 million+69.3%
Gross Profit Margin1.4 %
Operating profit margin-161.6 %
Selling, general and administrative expenses¥6,383 million
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • ¥140 per US$1
  • ¥150 per €1
  • ¥175 per £1
  • Targeting other SG&A expenses in the low ¥9 billion range annually on a yen-converted basis
New initiatives
  • A contract with Exotrail to develop a deorbit mission targeted for 2030
  • Development of a general-purpose gripping mechanism for the Ministry of Defense
  • A strategy focused on securing recurring orders from the defense and commercial sectors
  • Initiatives to effectively limit SG&A expenses from fiscal 2028 onward to the low ¥9 billion range annually
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received¥3,573 million-83.9%
  • Order backlog¥41,148 million
  • Fully funded project ratio92 %
  • Average project duration3.2 Year
Market Size / Share
  • Approximately 20–30 geostationary satellites per year could be potential targets
  • 590 geostationary satellites currently in operation in total
  • LEXI's capture mechanism can dock with more than 80% of geostationary satellites
Orders received and order backlog
Orders received
¥3,573 million
Order backlog
¥41,148 million
Capital expenditures
¥5,309 million
Gross profit
¥60 million
yoy_changeImproved by ¥4,042 million year on year
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredCumulative third quarter of the fiscal year ending April 2026
Net Sales¥4,415 million (YoY +194.7%)
Operating profit¥-7,137 million (YoY +54.5%)
Ordinary income¥-5,016 million (YoY +69.3%)
Net income¥-5,017 million (YoY +69.3%)
Gross profit¥60 million
Gross Profit Margin1.4 %
Operating profit margin-161.6 %
Selling, general and administrative expenses¥6,383 million
Key KPIsOrders received ¥3,573 million (YoY -83.9%), Order backlog ¥41,148 million, Fully funded project ratio 92 %, Average project duration 3.2 Year
Assumptions Underlying the Business Outlook¥140 per US$1, ¥150 per €1, ¥175 per £1, Targeting other SG&A expenses in the low ¥9 billion range annually on a yen-converted basis
Capital expenditures¥5,309 million
Orders received and order backlogOrders received ¥3,573 million / Order backlog ¥41,148 million
Market Size / ShareApproximately 20–30 geostationary satellites per year could be potential targets, 590 geostationary satellites currently in operation in total, LEXI's capture mechanism can dock with more than 80% of geostationary satellites
New initiativesA contract with Exotrail to develop a deorbit mission targeted for 2030, Development of a general-purpose gripping mechanism for the Ministry of Defense, A strategy focused on securing recurring orders from the defense and commercial sectors, Initiatives to effectively limit SG&A expenses from fiscal 2028 onward to the low ¥9 billion range annually
Items this document does not state (16)
Results for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Demand for space surveillance and protection is increasing as threats in space grow, and the company expects to secure recurring orders based on its existing demonstration projects and technologies. For commercial customers, life-extension services help geostationary satellite operators reduce satellite replacement and repositioning costs while increasing operational flexibility.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
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