Synspective Inc. (JP:290A)
:290A
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Synspective Inc.
(290A)
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Rating:42Neutral
Price Target:
¥1,218.00
▼(-9.51% Downside)
Action:Reiterated
Date:06/20/26
The score is held down primarily by persistent operating losses and structurally negative free cash flow, despite strong historical revenue growth and a more sizable equity base. Technical signals are also weak with the stock trading below key moving averages and negative MACD, while valuation support is limited given negative earnings and no dividend yield.
Positive Factors
Revenue Scaling
Consistent multi-year top-line scaling indicates expanding customer adoption and demand for SAR data and services. Persistent revenue growth supports longer-term customer relationships, recurring contracts and the ability to invest in capacity and product development without relying solely on one-off projects.
Negative Factors
Persistent Losses
Continued deep operating losses erode retained capital and make profitable scaling uncertain. Without sustained margin improvement, losses force reliance on external financing, constrain reinvestment priorities and raise execution risk for expanding satellite operations and analytics commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scaling
Consistent multi-year top-line scaling indicates expanding customer adoption and demand for SAR data and services. Persistent revenue growth supports longer-term customer relationships, recurring contracts and the ability to invest in capacity and product development without relying solely on one-off projects.
Read all positive factors
Synspective Inc. (290A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥178.53B
Dividend YieldN/A
Average Volume (3M)1.71M
Price to Earnings (P/E)―
Beta (1Y)-0.69
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees192
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-5.57
Shares Outstanding132,050,600
10 Day Avg. Volume2,401,110
30 Day Avg. Volume1,711,883
Financial Highlights & Ratios
PEG Ratio3.91
Price to Book (P/B)3.39
Price to Sales (P/S)55.26
P/FCF Ratio-13.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)23.99
Revenue Forecast (FY)¥6.54B
Synspective Inc. Business Overview & Revenue Model
Company Description
Synspective provides synthetic aperture radar (SAR) data and remote monitoring solutions to government entities. Its sophisticated satellite data platform integrates information from its constellation of satellites with big data analysis and machi...
How the Company Makes Money
Synspective makes money primarily by selling access to SAR satellite imagery and related geospatial analytics delivered as data products and services. Key revenue streams include: (1) sale or subscription licensing of SAR observation data (e.g., i...
Synspective Inc. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.94B | 2.38B | 2.32B | 1.39B | 492.41M |
| Gross Profit | -502.94M | 7.77M | 226.76M | 830.61M | 360.35M |
| EBITDA | 447.14M | 962.70M | -2.23B | -1.34B | -6.18B |
| Net Income | -913.82M | -371.16M | -3.59B | -1.52B | -6.27B |
Balance Sheet | |||||
| Total Assets | 48.36B | 49.37B | 28.20B | 11.31B | 9.89B |
| Cash, Cash Equivalents and Short-Term Investments | 19.99B | 24.54B | 14.24B | 4.47B | 6.60B |
| Total Debt | 9.62B | 9.38B | 7.29B | 3.03B | 501.00M |
| Total Liabilities | 11.06B | 10.58B | 8.32B | 3.44B | 1.80B |
| Stockholders Equity | 37.30B | 38.79B | 19.87B | 7.87B | 8.09B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -9.96B | -9.16B | -5.96B | -6.68B |
| Operating Cash Flow | 0.00 | 1.66B | -1.80B | -2.34B | -4.18B |
| Investing Cash Flow | 0.00 | -11.63B | -7.46B | -3.64B | -2.50B |
| Financing Cash Flow | 0.00 | 20.27B | 19.03B | 3.84B | 5.93B |
Synspective Inc. Technical Analysis
Neutral
1346.00
Price Trends
1480.42
Negative
1377.65
Negative
1193.56
Positive
Market Momentum
-66.42
Positive
44.67
Neutral
14.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:290A, the sentiment is Neutral. The current price of 1346 is below the 20-day moving average (MA) of 1541.65, below the 50-day MA of 1480.42, and above the 200-day MA of 1193.56, indicating a neutral trend. The MACD of -66.42 indicates Positive momentum. The RSI at 44.67 is Neutral, neither overbought nor oversold. The STOCH value of 14.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:290A.
Synspective Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥70.14B | 6.93 | ― | 3.28% | 12.54% | 171.52% | |
70 Outperform | ¥7.82B | 19.50 | ― | 3.47% | -0.50% | -8.80% | |
70 Outperform | ¥23.40B | 40.07 | ― | ― | 31.09% | 75.74% | |
65 Neutral | ¥8.24B | 14.23 | ― | ― | 19.63% | 91.86% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | ¥5.99B | 121.49 | ― | ― | 9.85% | -83.97% | |
42 Neutral | ¥178.53B | -228.90 | ― | ― | ― | ― |
* Technology Sector Average
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Synspective Inc. Corporate Events
Synspective’s Ninth StriX SAR Satellite Reaches Orbit and Begins Commissioning
May 24, 2026
Synspective Inc. announced that its ninth small SAR satellite in the StriX series has been successfully placed into orbit by Rocket Lab’s Electron rocket, launched from New Zealand’s Mahia Peninsula. The satellite’s antenna has d...
Synspective to Book Major JAXA Subsidy as Non-Operating Income
May 20, 2026
Synspective Inc. will record significant non-operating income in the second quarter of its fiscal year ending December 31, 2026, primarily from subsidy income tied to Japan Aerospace Exploration Agency’s Space Strategy Fund. The company expe...
Synspective Builds Record Order Backlog on Defense Deal Despite Q1 Revenue Drop
May 15, 2026
Synspective Inc., a SAR satellite operator and solutions provider, is expanding its constellation and service offerings for government and private clients, including Japan’s defense, cabinet, and environmental agencies. The company also leve...
Synspective Outlines Q1 FY2026 Results and Full-Year Outlook
May 15, 2026
Synspective Inc. reported its financial results for the first quarter of fiscal 2026, covering the period from January 1 to March 31, 2026. The disclosure outlines key performance highlights, recent business developments, detailed quarterly financ...
Synspective Widens Quarterly Loss but Targets Strong 2026 Turnaround
May 15, 2026
Synspective reported total revenue of ¥746 million for the three months ended March 31, 2026, down 35.4% year on year, with net sales falling 38.7% to ¥697 million and a deeper operating loss of ¥1,613 million as it continues to pri...
Synspective Wins Fifth Straight Cabinet Office SAR Satellite Project
Apr 1, 2026
Japan’s Cabinet Office has once again selected Synspective Inc. for a fiscal 2026 demonstration project to test and expand the use of small synthetic aperture radar satellite constellations across government ministries. The contract, worth 3...
Synspective Wins JAXA Backing for Next-Generation Small SAR Satellite Project
Mar 24, 2026
Synspective Inc. has been selected by the Japan Aerospace Exploration Agency under Phase 2 of the Space Strategy Fund to develop technology that enhances the capabilities of next-generation Earth observation satellites. The subsidized project, tit...
Synspective Deploys Eighth StriX SAR Satellite to Expand Earth Observation Constellation
Mar 22, 2026
Synspective Inc. has successfully deployed its eighth small SAR satellite in the StriX series, launched by Rocket Lab’s Electron rocket from New Zealand’s Mahia Peninsula on March 20, 2026. The mission, dubbed “Eight Days A Week,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.