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ispace (9348) · InitiativeReframedLatest Earnings presentation (2026-08-07): "Advanced"

Development of the Series III lander using an SBIR grant

First written in FY2024. 5 of 12 entries say "Advanced", first in FY2025. Latest entry: 2026-08-07.

12entries
3years
8from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2024AdvancedFY2025SoftenedFY2026-H1 – 2026-03-272024: 120242025: 220252026: 92026
Same theme, other companies
Lunar lander development using an SBIR grantA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026ReframedAnnual report

    「The company has integrated the lander development operations previously conducted separately in Japan and the United States, consolidated a globally unified development organization directly under the CTO, and established a global project management function to maximize the effectiveness of this organization, thereby strengthening control over development budgets and schedules.」

    The development plan was reorganized from an independent Series III lander program into the development of a common platform integrating the Japanese and U.S. models into ULTRA.
  2. FY2026-H1SoftenedAnnual report

    「Although the company initially agreed with the Ministry of Economy, Trade and Industry and the SBIR Secretariat to launch within 2027, as of the date of filing this document, its internal development plan anticipates a launch within 2028.」

    The expected launch of Mission 4 using the Series 3 lander changed from 2027 to 2028. Meanwhile, environmental testing of the thermal structural model has been completed and progress is being made toward the PDR.
  3. FY2025AdvancedAnnual report

    「Following the selection of the project as eligible for a subsidy of up to ¥12 billion under the Small Business Innovation Research (SBIR) program's Small Business Innovation Creation Promotion Project implemented by the Ministry of Economy, Trade and Industry, the company has begun full-scale development in Japan of the Series III lander (provisional name), capable of transporting payloads of 100 kg or more, with a target launch in 2027. A preliminary design review (PDR) is scheduled for fiscal 2025 and a critical design review (CDR) for fiscal 2026.」

    Development of the Series III lander is progressing under a schedule specifying a 2027 launch, a 2025 PDR and a 2026 CDR.
  4. FY2024First statedAnnual report

    「Following the selection of the project as eligible for a subsidy of up to ¥12 billion under the Small Business Innovation Research (SBIR) program's Small Business Innovation Creation Promotion Project implemented by the Ministry of Economy, Trade and Industry, the company has begun full-scale development in Japan of the Series 3 lander, capable of transporting payloads of 100 kg or more, with a target launch in 2027. A preliminary design review (PDR) is scheduled for fiscal 2024 and a critical design review (CDR) for fiscal 2026.」

    Following the project's selection for a subsidy of up to ¥12 billion, development of the Series III lander targeting a 2027 launch began, with a schedule specifying a 2024 PDR and a 2026 CDR.
Moved together

"Two R&D missions and development for the third mission" moved the same way as this thread, in the same document, in 7 of its 12 moves.

755433★123456
  1. ★This thread
  2. 1Two R&D missions and development for the third mission7×
  3. 2Development delays due to long lead times, specification changes, and defects5×
  4. 3Awarded Mission 3 under NASA’s CLPS program5×
  5. 4APEX 1.0 Lander Upsizing and Increased Payload Capacity4×
  6. 5Securing Medium- to Long-Term Growth Capital3×
  7. 6Acquisition of New Customers for Payload Services3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for ispace yet. It last moved in the Earnings presentation of 2026-08-07: "Advanced".
News
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Development of the Series III lander using an SBIR grant | ispace,inc. (9348) | Komori