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Presentation materials for financial results186AAstroscale Holdings Inc.Information and Communications, Services and Others

Business Briefing Materials (October 2026)

The company secured new projects and local partnerships in the UK and France that will lead to repeat orders, and is also advancing demonstrations and development for future projects in the US and Japan. While order intake for the cumulative first quarter was limited to ¥224 million, the company finalized ¥5.4 billion in orders from August onward and presented a financial strategy aimed at expanding its order backlog and achieving profitability.

Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
54
Hundreds of millions of yen
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsCumulative first quarter of the fiscal year ending April 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,195 million-4.4%
Operating profit¥-2,750 million
Ordinary income¥-3,005 million
Net income¥-3,071 million
Gross Profit Margin6
Operating profit margin-230
Selling, general and administrative expenses¥2,490 million
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • U.S. dollar exchange rate¥155
  • Euro exchange rate¥180
  • Pound sterling exchange rate¥205
  • Life-extension fees for privately owned GEO satellites10–15 per year
  • Target for other selling, general and administrative expensesLow ¥9 billion range
New initiatives
  • First direct contract with the UK Ministry of Defence
  • Joint project with Exotrail relating to a CNES project
  • Partnership agreement with Hemeria of France
  • APS-R refueling demonstration for the US Space Force
  • GRPO-D development for Japan's bodyguard satellites
  • Inclusion in TOPIX
  • Consideration of changing to revenue recognition based on the percentage of completion
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received¥224 million
    Year on year against the same period last year-84.5%
  • Order backlog¥36,354 million
  • Fully funded project ratio94 %
  • Average project duration2.6 Year
  • Free cash flow¥-4,223 million
    Year on year against the same period last year+32.0%
Market Size / Share
  • Satellites potentially eligible for life-extension services20–30 per year
  • Operational geostationary satellites590 satellites
  • Satellites under discussion for the provision of our servicesApproximately 80%
Orders received and order backlog
Orders received
¥224 million
Order backlog
¥36,354 million
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredCumulative first quarter of the fiscal year ending April 2027
Net Sales¥1,195 million (YoY -4.4%)
Operating profit¥-2,750 million
Ordinary income¥-3,005 million
Net income¥-3,071 million
Gross Profit Margin6
Operating profit margin-230
Selling, general and administrative expenses¥2,490 million
Key KPIsIndicator name Orders received / Value ¥224 million / Year on year against the same period last year ¥-84.5 million, Indicator name Order backlog / Value ¥36,354 million / Year on year against the same period last year Not disclosed, Indicator name Fully funded project ratio / Value 94 % / Year on year against the same period last year Not disclosed, Indicator name Average project duration / Value 2.6 Year / Year on year against the same period last year Not disclosed, Indicator name Free cash flow / Value ¥-4,223 million / Year on year against the same period last year ¥32 million
Assumptions Underlying the Business OutlookItem U.S. dollar exchange rate / Value ¥155, Item Euro exchange rate / Value ¥180, Item Pound sterling exchange rate / Value ¥205, Item Life-extension fees for privately owned GEO satellites / Value 10–15 per year, Item Target for other selling, general and administrative expenses / Value Low ¥9 billion range
Orders received and order backlogOrders received ¥224 million / Order backlog ¥36,354 million
Market Size / ShareItem Satellites potentially eligible for life-extension services / Value 20–30 per year, Item Operational geostationary satellites / Value 590 satellites, Item Satellites under discussion for the provision of our services / Value Approximately 80%
New initiativesFirst direct contract with the UK Ministry of Defence, Joint project with Exotrail relating to a CNES project, Partnership agreement with Hemeria of France, APS-R refueling demonstration for the US Space Force, GRPO-D development for Japan's bodyguard satellites, Inclusion in TOPIX, Consideration of changing to revenue recognition based on the percentage of completion
Items this document does not state (17)
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 sharesCapital expendituresKey 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.

The company identified new orders in the UK and France, stronger local partnerships, an APS-R refueling demonstration for the US Space Force, Japanese defense projects, and progress in developing a general-purpose platform as factors driving growth in repeat orders. To achieve profitability, it cited an increase in fully funded projects, shorter project periods through repeat orders, a change to revenue recognition based on the percentage of completion, and control of research and development expenses and selling, general and administrative expenses.

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.
Business Briefing Materials (October 2026) | Astroscale Holdings Inc. (186A) timely disclosure | Komori