Press Release
May 10, 2024
ispace, inc.

ispace Reports Financial Results for Fiscal Year Ended March 2024
Tokyo – May 10, 2024 – ispace, inc. (ispace), a global lunar exploration company, today announced its
financial results for the fiscal year ended March 31, 2024.
For details, please refer to the “Consolidated Financial Results for the Fiscal Year Ended March 31, 2024
[Japanese GAAP]” on the company’s IR website. The financial results material, recorded video, andtranscripts will be made available.
IR website: https://ir.ispace-inc.com/news/“This past year has seen significant advances in commercial activity in the lunar economy creating an
increased demand in the sector and for ispace. The results of Mission 1 and development on Mission
2 and Mission 3 have proven our business model and spaceflight-proven hardware and technology.
We have a positive outlook on future growth of our business, despite near-term expenditures(investment) for lunar landers development that will precede upon our past experiences.
“Our lunar landers will drive the development of the cislunar economy as we deliver customers
payloads that will support scientific and government activities, build infrastructure, and ultimately
achieve our lofty vision of expanding human presence to the Moon while maintaining a sustainablehuman existence on Earth. ispace, with our global footprint and business offerings, will be the platform
driving this growth and leading us into the future,” said Takeshi Hakamada, Founder and CEO of ispace,inc.
Overview• Net Sales: 2,357 million yen

Net sales for Fiscal Year Ended March 31, 2024, were overall in line with the forecast announced
on Feb. 13, 2024. A temporary increase in net sales along with the completion of Mission 1 wasrecorded in Q1, while Q2-Q4 net sales were mainly from Mission 3.
• Operating Income/Loss: △5,501 million yen

Operating loss decreased slightly due to a decrease in Selling, General & Administrativecosts (SG&A) compared to the forecast.
• Net Income/Loss: △2,366 million yen

Net loss significantly decreased compared to the forecast, mainly due to a record of foreignexchange gain of approx. ¥737MM in Q4 as well as the decrease in SG&A.

Outlook for FY2024 (April 2024 to March 2025)• Net Sales: 4,033 million yen

Net sales for FY2024 are expected to be accelerated by payload services mainly from Mission 3 asin the previous fiscal year. We expect an increase of +72% over the last fiscal year, and an averageannual increase of +68% over the past five years. Conservatively, sales associated with Mission 4and beyond have not been factored in.
• Operating Profit/Loss: △13,165 million yen

In line with mission development progress, a significant increase in SG&A is expected in FY2024.
Conservatively, sales associated with Mission 4 and beyond have not been factored in.
• Net Profit/Loss: △12,465 million yen

Impact of Mission 6 development on net loss is expected to be minimal as SBIR grant receipt as
non-operating income is expected to cover Mission 6 related costs recorded in SG&A.

This fiscal year, we expect a significant net loss of approximately 12.4 billion yen compared to last fiscal
year, though it is in line with initial projections. Net loss from last year was affected by the receipt ofworld’s first lunar insurance payment as well as the temporary profit from the end of Mission 1.
However, the net loss for this year is expected to be higher than last year due to the progress of Mission
2 and Mission 3.

Changes in Net Loss###About ispace, inc. (https://ispace-inc.com)
ispace, a global lunar resource development company with the vision, “Expand our planet. Expand ourfuture.”, specializes in designing and building lunar landers and rovers. ispace aims to extend thesphere of human life into space and create a sustainable world by providing high-frequency, low-costtransportation services to the Moon. The company has business entities in Japan, Luxembourg, andthe United States with approximately 300 employees worldwide. For more information,
visit: www.ispace-inc.com and follow us on X: @ispace_inc.