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Management planning9348ispace,inc.Information and Communications, Services and Others

Notice Regarding the Results of the Review by the Mission 2 “Improvement Task Force” and the Joint Chairs’ Report on the “7 Recommendations”

The Company received the “7 Recommendations” following the Improvement Task Force’s review in response to Mission 2’s failure to achieve a soft landing, and determined specific measures for future missions. These measures include implementing Terrain Relative Navigation, expanding the testing function, and establishing a Technical Risk Assessment Committee.

Worth reading
12Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Conditional
How definitive the wording is.

Items stated in the management plan

Formulated
Publication date 27 March 2026

This document does not state the plan name, plan period, or numerical targets.

Key initiatives
01Implement Terrain Relative Navigation (TRN)
02Utilize remaining fuel during landing operations
03Improve the vendor selection process
04Increase project resources allocated to testing
05Design and verify fault detection, isolation, and recovery
06Improve collaboration between ispace and Draper
07Strengthen the Company’s approach to risk management
Risks identified by the company
Technical and system-related factors associated with Mission 2’s failure to achieve a soft landing
Mission technology risks
Reason for revision or withdrawal

The Company took seriously the fact that its two previous lunar landing missions failed to achieve a soft landing and placed importance on the need to seek opinions from an independent third-party perspective.

Items stated in the management plan
ItemDetails
Progress against the planFormulated
Key initiativesImplement Terrain Relative Navigation (TRN), Utilize remaining fuel during landing operations, Improve the vendor selection process, Increase project resources allocated to testing, Design and verify fault detection, isolation, and recovery, Improve collaboration between ispace and Draper, Strengthen the Company’s approach to risk management
Reason for revision or withdrawalThe Company took seriously the fact that its two previous lunar landing missions failed to achieve a soft landing and placed importance on the need to seek opinions from an independent third-party perspective.
Risks identifiedTechnical and system-related factors associated with Mission 2’s failure to achieve a soft landing, Mission technology risks
Publication date27 March 2026
Items this document does not state (20)
Plan namePlan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize of the Target MarketDate of board resolution

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 took seriously Mission 2’s failure to achieve a soft landing in 2025 and sought to verify the validity of its analysis of the technical factors from the perspective of an independent third party, with the aim of raising the maturity of its lunar landing technology to a level sufficient for commercialization. At the same time, the Company aims to maintain trust with stakeholders through transparent disclosure.

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Notice Regarding the Results of the Review by the Mission 2 “Improvement Task Force” and the Joint Chairs’ Report on the “7 Recommendations” | ispace,inc. (9348) timely disclosure | Komori