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Business Alliances9348ispace,inc.Information and Communications, Services and Others

Notice Regarding the NASA CP-12 Contract between Our U.S. Subsidiary and Draper

NASA and Draper agreed to terminate the CP-12 contract, and as a result, the subcontract between our U.S. subsidiary and Draper is also expected to terminate. The termination of the subcontract has not yet been finalized and will be announced separately once confirmed.

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Agreements reached under this partnership

Discontinuation
9348ispace,inc.
Alliance partnerCharles Stark Draper Laboratory
About the partner
Business DescriptionDefense and space product manufacturing
LocationCambridge, Massachusetts, United States
Share capitalNot disclosed because it is a nonprofit research and development organization
Impact on Business Performance

This matter will have no impact on the full-year consolidated earnings forecasts for the fiscal year ending March 2027.

Agreements reached under this partnership
ItemDetails
Name of alliance partnerCharles Stark Draper Laboratory
Alliance partner's business activitiesDefense and space product manufacturing
Alliance partner's locationCambridge, Massachusetts, United States
Alliance partner's capitalNot disclosed because it is a nonprofit research and development organization
Type of allianceDiscontinuation
Impact on Business PerformanceThis matter will have no impact on the full-year consolidated earnings forecasts for the fiscal year ending March 2027.
Items this document does not state (17)
Alliance partner's net salesAlliance partner's operating incomeDetails of the allianceNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

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The reasons the company gives

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

Because the CP-12 contract between NASA and Draper was terminated. In addition, the Company explained that, following the mission schedule change announced on 27 March 2026, revenue from this contract for the current fiscal year had already been excluded from the full-year consolidated earnings forecasts.

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Notice Regarding the NASA CP-12 Contract between Our U.S. Subsidiary and Draper | ispace,inc. (9348) timely disclosure | Komori