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Axelspace Holdings Falls for Third Straight Day Despite JAXA Space Strategy Fund Selection

Mon Mar 30, 2026 10:20 am JST Catalyst

Axelspace Holdings continues to decline for the third consecutive day. Following the close of trading on the 27th, the company announced it had been selected for the second round of the Space Strategy Fund promoted by the Japan Aerospace Exploration Agency (JAXA) under the technology development theme "Advanced Observation Technology for Next-Generation Earth Observation Satellites." However, positive reaction has been limited amid weak market sentiment.

The selected technology development project is "Monitoring CO2 Emissions by Source and Absorption Using Satellite Formation and Passenger Aircraft Observation." The maximum funding support is \3 billion, with Axelspace serving as the lead organization in collaboration with Meisei Electric (Isesaki City, Gunma Prefecture), ANA HOLDINGS INC. <9202>, JIJ (Minato-ku, Tokyo), and others. The project period is planned for a maximum of six years, and the company expects it to contribute to earnings over approximately six years starting from the fiscal year ending May 2027.

Source: MINKABU PRESS

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