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ispace,inc. (9348) AI Stock Analysis
ispace,inc.
(TSE/TYO:9348)
The stock scores the minimum 37, reflecting a convergence of critical risks. The primary driver is extremely weak financial performance, marked by negative gross margins, massive cash burn, and high leverage. This is compounded by a deeply bearish technical trend and a negative P/E ratio. The company's viability is in question without significant new capital.
ispace,inc. (9348) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 52.38B
- Dividend Yield
- ―
- Average Volume (3M)
- 679.40K
- Price to Earnings (P/E)
- -4.3
- Beta (1Y)
- 1.03
- Revenue Growth
- -56.20%
- EPS Growth
- 37.51%
- Country
- Japan
- Employees
- 333
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
ispace,inc. Business Overview & Revenue Model
Company Description
ispace, Inc., established in Tokyo, Japan, in 2010, operates as a pioneering company focused on the utilization of lunar resources. The firm specializes in the engineering and construction of spacecraft designed to land on the moon and rovers for sur...
How the Company Makes Money
ispace’s revenue model is primarily based on selling lunar mission services, where customers pay for the transportation and delivery of payloads to lunar orbit and/or the lunar surface using the company’s landers, along with associated mission integr...
ispace,inc. Financial Statement Overview
Summary
Severe financial distress: Revenue fell 37% YoY, gross profit is negative, net losses are substantial, and cash burn is critical. The income statement, balance sheet, and cash flow scores are all very weak, indicating a high risk to financial stability.
Income Statement
18Very NegativeBalance Sheet
28NegativeCash Flow
12Very Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.31B | 3.31B | 4.74B | 2.36B | 989.24M | 674.14M |
| Gross Profit | -7.71B | -2.85B | 2.24B | 928.24M | 552.77M | 334.59M |
| EBITDA | -15.46B | -11.35B | -9.63B | -5.42B | -10.95B | -4.00B |
| Net Income | -11.61B | -8.15B | -11.95B | -2.37B | -11.40B | -4.06B |
Balance Sheet | ||||||
| Total Assets | 40.90B | 47.70B | 27.19B | 27.03B | 7.19B | 12.49B |
| Cash, Cash Equivalents and Short-Term Investments | 25.70B | 29.69B | 13.12B | 16.83B | 3.38B | 6.33B |
| Total Debt | 29.76B | 29.44B | 16.39B | 12.86B | 6.78B | 2.16B |
| Total Liabilities | 32.24B | 32.53B | 20.18B | 17.29B | 9.54B | 3.66B |
| Stockholders Equity | 8.66B | 15.17B | 7.01B | 9.75B | -2.35B | 8.83B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -15.56B | -14.49B | -7.05B | -7.38B | -5.45B |
| Operating Cash Flow | 0 | -13.19B | -12.05B | -5.02B | -7.32B | -5.41B |
| Investing Cash Flow | 0 | -2.20B | -2.67B | -2.06B | -90.09M | -90.33M |
| Financing Cash Flow | 0 | 31.45B | 10.42B | 20.37B | 4.36B | 7.46B |
ispace,inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9348, the sentiment is Negative. The current price of 358.00 is below the 20-day moving average (MA) of 380.40, below the 50-day MA of 402.72, and below the 200-day MA of 484.66, indicating a bearish trend. The MACD of -10.59 indicates Positive momentum. The RSI at 30.06 is Neutral, neither overbought nor oversold. The STOCH value of 3.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9348.
ispace,inc. Peers Comparison
Overall Rating
JP:775173Outperform
JP:483271Outperform
JP:672460Neutral
JP:587152.5Neutral- JP:934837Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:7751 | 73Outperform | JPY 4.58T | 11.30 | ― | 3.42% | 3.90% | 132.03% |
| JP:4832 | 71Outperform | JPY 58.74B | 14.99 | ― | 3.33% | -13.77% | -18.09% |
| JP:6724 | 60Neutral | JPY 1.03T | 40.44 | 2.90% | 2.48% | 8.34% | -41.57% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| JP:5871 | 53Neutral | JPY 6.78B | 27.98 | ― | 4.22% | 15.03% | ― |
| JP:9348 | 37Underperform | JPY 54.17B | -4.33 | ― | ― | -56.20% | 37.51% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:9348 | ispace,inc. | 358.00 | -113.00 | -23.99% | |
| JP:6724 | Seiko Epson Corp | 3101.00 | 1204.39 | 63.50% | |
| JP:4832 | JFE Systems, Inc. | 1923.00 | 109.00 | 6.01% | |
| JP:5871 | SOLIZE Corporation | 1305.00 | -211.77 | -13.96% | |
| JP:7751 | Canon Inc. | 4672.00 | 426.11 | 10.04% |
ispace,inc. Corporate Events
ispace Signs Argo Launch Deal to Fast-Track Lunar Communications Mission
ispace, inc. has approved a launch contract for its U.S. subsidiary with California-based Argo Space Corp. to deploy “Alpine,” a lunar orbit communications satellite, as part of Mission 2.5 as early as 2027. The mission, repurposed from a...
ispace Secures ¥3 Billion Covenanted Loan to Bolster Liquidity for Lunar Missions
ispace, inc. has approved a new long-term financing arrangement with The Shizuoka Bank, Ltd., securing a 3 billion yen loan to fund working capital for mission development and related expenses. The three-year, floating-rate facility, to be repaid in...
Ispace Widens Quarterly Loss as Revenue Plunges but Keeps Aggressive Lunar Growth Plan
Ispace reported a steep contraction in project revenue for the first quarter ended June 30, 2026, with sales plunging about 85% year on year to ¥168 million and net loss widening to ¥6.34 billion, reflecting heavy upfront investment and pre...
ispace Wins Up to ¥20 Billion JAXA Grant for Lunar South Pole Landing Technology
ispace has secured an initial grant of ¥11.6 billion, with potential support of up to ¥20 billion, under the Japan Aerospace Exploration Agency’s Space Strategy Fund to develop high-precision landing technology near the lunar south po...
ispace Books ¥530 Million FX Gain in First-Quarter Results
ispace, inc. reported a non-operating foreign exchange gain of 530 million yen for the first quarter of the fiscal year ending March 31, 2027, covering the period from April 1 to June 30, 2026. The gain mainly stems from the revaluation of foreign cu...
ispace Taps MHI’s H3 Rocket for 2028 ULTRA Lunar Lander Mission
ispace has signed a launch services agreement with Mitsubishi Heavy Industries to use the H3 next-generation heavy-lift rocket for its Mission 3, scheduled for 2028 and centered on the ULTRA lunar lander. The deal secures Japan’s domestic launc...
ispace Secures EUR 65 Million ESA Contract for Lunar Polar Rover Mission
ispace’s Luxembourg subsidiary has signed a supplemental Phase 2 agreement with the European Space Agency for the Mission for Advanced Geophysics and Polar Ice Exploration, a lunar rover project targeting volatile deposits and water ice at the...
ispace Expects No Earnings Hit From NASA–Draper CP-12 Exit
ispace, inc., a Tokyo-listed commercial lunar exploration company, is developing lunar landers and transportation services for NASA and other space-related customers via its U.S. subsidiary. The firm partners with organizations such as The Charles St...
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.
Date of analysis: Oct 11, 2026