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ispace, First Half Net Income Loss Narrows, Jul-Sep Net Income Loss Narrows

Fri Nov 14, 2025 3:45 pm JST Earnings

9348 ispace, inc. 【J-GAAP】

Earnings Report

ispace, inc. <9348> [TSE Growth] announced its financial results after the market closed on November 14th (15:45). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was a reduced loss of 4.46 billion yen (compared to a loss of 6.39 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to further decrease loss of 3.83 billion yen (compared to a loss of 5.55 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss improved to a deficit of 1.58 billion yen (compared to a loss of 4.81 billion yen in the same period last year). The operating profit/loss margin improved from -203.5% in the same period last year to -186.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 1,330 -2,041 -2,257 1,537 19.2 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 1,342 -3,734 -5,790 -6,391 -68.6 ー Nov 12, 2024 J-GAAP
Apr - Sep, 2025 2,193 -4,162 -4,459 -4,463 -42.2 ー Nov 14, 2025 J-GAAP
YoY +63.4% -11.5% +23.0% +30.2% +38.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 2,193 -4,162 -4,459 -4,463 -42.2 0 Nov 14, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 3,401 -6,061 -5,544 -5,554 -57.8 0 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,007 -7,338 -3,841 -3,837 -26.3 0 Nov 14, 2025 J-GAAP
YoY +17.8% -21.1% +30.7% +30.9% +54.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,357 -5,501 -6,097 -2,366 -29.1 0 May 10, 2024 J-GAAP
Mar, 2025 4,743 -9,795 -11,334 -11,945 -124.3 0 May 9, 2025 J-GAAP
Mar, 2026 Guidance 6,200 -11,500 -8,300 -8,300 -56.8 0 May 9, 2025 J-GAAP
YoY +30.7% -17.4% +26.8% +30.5% +54.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 707 -1,439 -4,214 -4,812 -51.6 -203.5 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 647 -2,700 -989 -974 -10.3 -417.3 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 2,754 -3,361 -4,555 -4,580 -47.7 -122.0 May 9, 2025 J-GAAP
Apr - Jun, 2025 1,165 -2,243 -2,878 -2,879 -27.2 -192.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 1,028 -1,919 -1,581 -1,584 -15.0 -186.7 Nov 14, 2025 J-GAAP
YoY +45.4% -33.4% +62.5% +67.1% +71.0%

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