Dependence on Key External Partners
First written in FY2024. 3 of 6 entries say "Restated". Latest entry: 2026-10-07.
The whole theme swung hardest in 2020: 9 of 45 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026RestatedAnnual report
「However, there is no guarantee that the company will be able to maintain these relationships. The company has built relationships of trust through long-term business collaboration with these partners and seeks to maintain them through regular meetings and other activities. If it loses an existing relationship, it may be unable to secure an alternative third-party partner offering a comparable level of technology or pricing, or comparable opportunities for collaboration.」
The company continues to disclose its dependence on external partners and the difficulty of securing alternatives if relationships are lost. - FY2026-H1RestatedAnnual report
「The company has also entered into launch contracts with SpaceX for the launches of Missions 1 through 3 using Falcon 9 rockets.」
The company detailed its dependence on external partners including Ariane Group, Draper Laboratory, Agile Space Industries, SpaceX and Redwire, as well as the risks relating to contract renewals, export controls and securing alternatives. - FY2025RestatedAnnual report
「As described in the section titled “I. Company Overview, 3. Description of Business, <Lander and Rover Technology and Payloads>,” the company has outsourced manufacture of the propulsion systems for Missions 1 and 2 to Ariane Group, established an alliance with Draper Laboratory for development of the landing control system, and begun development of a new engine with Agile Space Industries for Mission 3.」
The company continues to rely on external partners such as Ariane Group, Draper Laboratory and Agile Space Industries. - FY2024First statedAnnual report
「However, there is no guarantee that the company will be able to maintain these relationships. The company has built relationships of trust through long-term business collaboration with these partners and seeks to maintain them through regular meetings and other activities. If it loses an existing relationship, it may be unable to secure an alternative third-party partner offering a comparable level of technology or pricing.」
The company disclosed the risk of losing relationships with key partners such as Ariane Group, Draper Laboratory and SpaceX, and the difficulty of securing replacements.