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ispace, Net Income Forecast for the Fiscal Year Loss to Narrow

Tue Feb 10, 2026 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 February 10th (15:45). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was a reduced loss of 6.24 billion yen (compared to a loss of 7.36 billion yen in the same period last year).

In addition, the full-year forecast for consolidated net income/loss has been revised upward from an expected loss of 8.30 billion yen to a loss of 7.20 billion yen (compared to a loss of 11.9 billion yen in the previous period), indicating a reduction in the loss margin.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income/loss for the October to March period (second half) has been revised upward from an expected loss of 3.83 billion yen to a loss of 2.73 billion yen (compared to a loss of 5.55 billion yen in the same period of the previous year), indicating a reduction in the loss margin.

In the most recent three-month period, from October to December (3Q), the consolidated net loss expanded to a loss of 1.78 billion yen (compared to a loss of 0.97 billion yen in the same period last year). The operating profit/loss margin drastically worsened from -417.3% in the same period last year to -506.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 1,826 -3,748 -4,590 -836 -10.4 ー Feb 13, 2024 J-GAAP
Apr - Dec, 2024 1,989 -6,434 -6,779 -7,365 -78.2 ー Feb 12, 2025 J-GAAP
Apr - Dec, 2025 2,743 -6,948 -6,240 -6,246 -53.8 ー Feb 10, 2026 J-GAAP
YoY +37.9% -8.0% +8.0% +15.2% +31.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 4,007 -7,338 -3,841 -3,837 -26.3 0 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 1,207 -5,838 -2,741 -2,737 -18.7 0 Feb 10, 2026 J-GAAP
Revision Rate -69.9% +20.4% +28.6% +28.7% +28.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 6,200 -11,500 -8,300 -8,300 -56.8 0 May 9, 2025 J-GAAP
Mar, 2026 New 3,400 -10,000 -7,200 -7,200 -49.3 0 Feb 10, 2026 J-GAAP
Revision Rate -45.2% +13.0% +13.3% +13.3% +13.3%

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 1,207 -5,838 -2,741 -2,737 -18.7 0 Feb 10, 2026 J-GAAP
YoY -64.5% +3.7% +50.6% +50.7% +67.6%

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 3,400 -10,000 -7,200 -7,200 -49.3 0 Feb 10, 2026 J-GAAP
YoY -28.3% -2.1% +36.5% +39.7% +60.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2025 550 -2,786 -1,781 -1,783 -15.4 -506.5 Feb 10, 2026 J-GAAP
YoY -15.0% -3.2% -80.1% -83.1% -48.5%

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