Synspective (290A) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2026 rose 27.4% year-over-year to ¥1,691 million, driven by increased satellite data sales and new service agreements in the Japanese space sector.

• Operating loss widened to ¥3,351 million from ¥2,110 million year-over-year, reflecting higher costs related to satellite manufacturing and launches.

• Net loss attributable to owners of parent improved to ¥1,418 million from ¥2,484 million in the prior year period.

• The company continues to focus on expanding its satellite constellation and solution offerings, targeting critical sectors such as disaster response and security.

Financial highlights

• Total revenue for the six months was ¥3,918 million, up 186.5% year-over-year, including government subsidy income.

• Gross loss increased to ¥716 million from ¥109 million year-over-year due to higher cost of sales.

• Basic earnings per share improved to ¥(10.74) from ¥(22.38) year-over-year.

• Cash and cash equivalents at June 30, 2026 were ¥16,210 million, down ¥8,332 million from the previous year-end.

Outlook and guidance

• Full-year 2026 forecast maintained: total revenue ¥16,052 million (+161.4% YoY), net sales ¥6,353 million (+167.3% YoY), operating loss ¥5,467 million, net profit attributable to owners ¥2,624 million, and basic EPS ¥19.88.

• No change to previously announced financial forecasts.