Recognition of loss on advance payment
ispace technologies U.S., inc.
Components that were intended for use in the lander under development
A review of transactions related to the lander under development in connection with the rescheduling of the U.S. mission schedule. As a result, it became highly likely that services would not be received from the relevant vendor and that the advance payment would not be refunded.
A loss of ¥3,688 million is expected to be recognized (translated at the exchange rate at the end of March 2026). The accounting classification is Not disclosed.
The consolidated accounting period for the first quarter of the fiscal year ending March 2027 (1 April 2026 to 30 June 2026)
This has been incorporated into the consolidated earnings forecast for the fiscal year ending March 2027 announced today.
Advance payment of ¥3,688 million (translated at the exchange rate at the end of March 2026). The counterparty is the relevant vendor (name: Not disclosed).
Should any matters requiring disclosure arise, the Company will disclose them promptly.
| Item | Details |
|---|---|
| Event name | Recognition of loss on advance payment |
| Date of occurrence | 27 March 2026 (the date on which the review was conducted by the Board of Directors) |
| Subject Entity | ispace technologies U.S., inc. |
| Target Locations / Products | Components that were intended for use in the lander under development |
| Cause | A review of transactions related to the lander under development in connection with the rescheduling of the U.S. mission schedule. As a result, it became highly likely that services would not be received from the relevant vendor and that the advance payment would not be refunded. |
| Amount of Impact on Business Performance | A loss of ¥3,688 million is expected to be recognized (translated at the exchange rate at the end of March 2026). The accounting classification is Not disclosed. |
| Accounting period in which recognized | The consolidated accounting period for the first quarter of the fiscal year ending March 2027 (1 April 2026 to 30 June 2026) |
| Impact on Earnings Forecast | This has been incorporated into the consolidated earnings forecast for the fiscal year ending March 2027 announced today. |
| Amount of receivables at risk of non-collection or delayed collection | Advance payment of ¥3,688 million (translated at the exchange rate at the end of March 2026). The counterparty is the relevant vendor (name: Not disclosed). |
| Outlook | Should any matters requiring disclosure arise, the Company will disclose them promptly. |
| Planned follow-up disclosure | Should any matters requiring disclosure arise, the Company will disclose them promptly. |
Items this document does not state (14)
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.Following a review of transactions related to the lander under development at ispace technologies U.S., inc. in connection with the rescheduling of the U.S. mission schedule, it became highly likely that services related to the components would not be received from the vendor and that the advance payment would not be refunded.