アクセルスペースホールディングス (402A) came under a sell indication following a satellite malfunction, with the price at ¥389 as of 9:11 a.m., down ¥32 from the previous day. A communications-system malfunction has reportedly been confirmed on 4 of the 7 GRUS-3 satellites.
アクセルスペースH shares came under a sell indication, trading at ¥389 as of 9:11 a.m., down ¥32 from the previous day, or 7.6%. The shares are approaching the level of a new post-listing low.
Selling has been triggered by concerns about earnings and the outlook after it was announced following the close of trading on 29 September that communications-system malfunctions had been confirmed on 4 of the 7 GRUS-3 satellites.
An anomaly occurred in the high-speed communications system used to download communications data. Although recovery work was carried out, it became clear that commercial operation would be difficult. The malfunction is believed to have occurred in the communications system, and the company is investigating the cause.
In response to the issue, the company is reviewing its development processes and considering measures to improve quality and reliability for future satellite launches. The impact on earnings is under review, and the company has indicated that it may recognize an impairment loss on fixed assets.