ispace Expects No Earnings Hit From NASA–Draper CP-12 Exit

The latest update is out from ispace,inc. ( (JP:9348) ).

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 Stark Draper Laboratory on guidance, navigation and control software and mission work, aligning itself with the growing market for Commercial Lunar Payload Services.

The company has disclosed that NASA and Draper have mutually ended their CLPS Task Order CP-12 contract, and as a result the related subcontract between ispace-U.S. and Draper is expected to be terminated. ispace says the change will not affect its consolidated earnings forecast for the fiscal year ending March 31, 2027, as CP-12 revenue had already been excluded following earlier schedule shifts to its ULTRA lunar lander missions.

Management indicated that any future material financial effects from the contract termination will be announced promptly, signaling that while the CP-12 opportunity is falling away, the company’s near-term financial guidance and broader mission roadmap remain intact.