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Astro HD Extends Afternoon Gains Following Selection for JAXA Space Strategy Fund Grant

Fri Apr 10, 2026 12:57 pm JST Catalyst

Astroscale Holdings Inc. <186A> extended its gains in afternoon trading. Around noon, the company announced that a grant of \1.25 billion has been approved for a project under the Japan Aerospace Exploration Agency (JAXA)'s second phase of the Space Strategy Fund. Astroscale had been selected in January as the implementing organization for the project, "Technology for Achieving Free Movement in Space." The development is viewed positively by the market. The grant period spans two years through the interim review.

While this grant was not factored into the assumptions for the fiscal year ending April 2026 earnings forecast, the company stated that the impact on its earnings will be minimal. Astroscale also noted that revenue from the project is expected to be recognized over the subsidy period, with contributions to earnings anticipated from the fiscal year ending April 2027 onward.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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