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ispace (9348) · RiskCited as achieved

Uncertainty over the ability to receive insurance proceeds for Mission 1

First written in FY2024-Q1. 2 of 5 entries say "Cited as achieved", first in FY2025-H1. Latest entry: FY2025.

5entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2024-Q2Cited as achievedFY2024-Q3 – FY20252023: 220232024: 220242025: 12025
Same theme, other companies
Risk of inadequate insurance coverage and losses exceeding policy limitsA theme 4 companies write about · 4 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Cited as achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025Cited as achievedAnnual report

    「The company entered into a non-life insurance contract with Mitsui Sumitomo Insurance Company, Limited, relating to Mission 1 and has received insurance proceeds for Mission 1. The company recognizes risk reduction through insurance as one means of ensuring financial soundness and is considering using insurance for Mission 3 and subsequent missions. Insurance proceeds are not expected for Mission 2 because it falls outside the scope of insurance coverage.」

    The company cited its receipt of insurance proceeds for Mission 1 as a past result and explained that the failure to achieve a landing for Mission 2 falls outside the scope of insurance coverage.
  2. FY2025-H1Cited as achievedAnnual report

    「In addition, the company entered into a non-life insurance contract with Mitsui Sumitomo Insurance Company, Limited, relating to Mission 1 and has received insurance proceeds for Mission 1.」

    The receipt of insurance proceeds for Mission 1 was cited again as a confirmed result.
  3. FY2024-Q3RestatedAnnual report

    「Because the Mission 1 lander could not be confirmed to have landed on the Moon, the company received insurance proceeds of ¥3,793.660 million under the relevant contract and recognized them as extraordinary income in the second quarter of the consolidated accounting period.」

    The fact that the insurance proceeds had been received and recognized as extraordinary income was reiterated.
  4. FY2024-Q2MaterialisedAnnual report

    「Because it did not achieve Success 9 among the milestones established for Mission 1, the company received insurance proceeds of ¥3,793.660 million on 18 August 2023.」

    The insurance proceeds, whose receipt had previously been uncertain, were received and recognized as extraordinary income.
  5. FY2024-Q1First statedAnnual report

    「The company may receive insurance proceeds because it did not achieve Success 9 among the milestones established for Mission 1, but this had not been determined as of the reporting date.」

    The possibility of receiving insurance proceeds related to the failure to achieve Mission 1 was described as an unresolved matter.
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Uncertainty over the ability to receive insurance proceeds for Mission 1 | ispace,inc. (9348) | Komori