Synspective (290A) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2025, increased 28.0% year-over-year to ¥1,327 million, but the period ended with a net loss attributable to owners of parent of ¥2,483 million, widening from a ¥1,266 million loss a year earlier.

• The company operates a single business segment focused on satellite data, with ongoing investments in satellite development and launches.

Financial highlights

• Operating loss for the six months was ¥2,109 million, compared to a ¥1,166 million loss in the prior year period.

• Ordinary loss was ¥2,491 million, up from ¥1,262 million year-over-year.

• Total assets as of June 30, 2025, were ¥27,058 million, down from ¥28,195 million at the end of 2024.

• Cash and cash equivalents at period end were ¥11,131 million, a decrease of ¥3,108 million from the previous year.

Outlook and guidance

• Full-year forecast for 2025 projects total revenue of ¥6,113 million (up 143.7% year-over-year), net sales of ¥2,321 million, and a net loss of ¥1,482 million (EPS: ¥-12.84).

• No change to previously announced full-year guidance.