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Japanese space-sustainability company developing satellites that remove orbital debris and service/refuel other satellites in orbit.
Japanese space-sustainability company developing satellites that remove orbital debris and service/refuel other satellites in orbit.
Is paid milestone by milestone for building and flying demonstration missions, mostly by government space agencies, and by commercial operators such as Eutelsat OneWeb for debris-removal and servicing, so revenue is lumpy and depends on contract awards.
In one line: A pioneer in orbital debris removal and satellite servicing, akin to a space-based tow-tru.
Moat: narrow (IP / patents, installed base). First-mover demonstrated debris-removal and docking technology ahead of most competitors.
Headquarters: Tokyo, Japan · Founded: 2013 · Employees: 593
Size Astroscale (186A.T) is a Japan Information Technology company (Telecommunications Equipment) with a market value of $865M, the 800th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥959 on 6 Nov 2026.
Performance Over six months the shares fell 25.4%, against -32.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 69.7% over the last twelve months (peer median +5.1%); the operating margin is -275.3% (peer median -1.1%).
Valuation It trades at 22.4× enterprise value to sales against a peer median of 4.5× (2nd most expensive of 21).
Capital Return on invested capital runs 146.7 points below its cost of capital (12.5% WACC).
Next results Next results expected around 11 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥5.89B | ¥5.94B | ¥2.46B | ¥2.85B | ¥1.79B |
| Revenue growth | — | +142% | -14% | +59% | — |
| Gross profit | ¥60.7M | -¥633M | -¥4.50B | -¥2.75B | -¥5.57B |
| EBITDA | -¥15.1B | -¥15.2B | -¥22.0B | -¥13.2B | -¥12.1B |
| Net income | -¥8.98B | -¥7.11B | -¥21.6B | -¥9.18B | -¥9.26B |
| Free cash flow | -¥15.3B | -¥17.8B | -¥12.8B | -¥13.9B | -¥9.47B |
| Capital expenditure | ¥6.37B | ¥6.90B | ¥697M | ¥1.17B | ¥1.54B |
| Total debt | ¥30.5B | ¥10.6B | ¥13.9B | ¥13.2B | ¥9.73B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Astroscale 186A.T | $865M | -25% | +70% | -275% | 22.4× | n/a |
| Northrop Grumman NOC | $74.6B | -4% | +7% | 11% | 2.0× | 0.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 186A.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.3% | -12.5% | 3rd lowest of 20 |
| 6-month return | -25.4% | -32.1% | 7th highest of 20 |
| Distance from 52-week high | -68.2% | -48.1% | lowest of 20 |
| Revenue growth (TTM) | +69.7% | +5.1% | highest of 21 |
| Operating margin | -275.3% | -1.1% | lowest of 21 |
| EV / Sales | 22.4× | 4.5× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -146.7 pp | -7.4 pp | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Astroscale 186A.T | Japan | $865M | -25% | +70% | -275% | 22.4× | n/a | n/a |
| Shenzhen Phoenix Telecom Technology 301191.SZ | China | $854M | -42% | +30% | 0% | 2.5× | n/a | n/a |
| Anhui Tatfook Technology 300134.SZ | China | $852M | -32% | +14% | -14% | 2.3× | n/a | n/a |
| HTC 2498.TW | Taiwan | $885M | -15% | -8% | -78% | 6.0× | n/a | n/a |
| Arcadyan Technology 3596.TW | Taiwan | $900M | -17% | +6% | 6% | 0.4× | n/a | n/a |
| Chengdu Spaceon Electronics 002935.SZ | China | $909M | -37% | +1% | 5% | 6.4× | 49.9% | +1.3% |
| Wuhan Fingu Electronic Technology 002194.SZ | China | $914M | -19% | -9% | -2% | 3.6× | n/a | n/a |
| Synspective 290A.T | Japan | $950M | -16% | +5% | -196% | 52.6× | n/a | n/a |
| santec 6777.T | Japan | $984M | -53% | +45% | 33% | 4.1× | 23.5% | +33.2% |
| Shenzhen Coship Electronics 002052.SZ | China | $757M | -34% | -75% | -5% | 18.7× | n/a | n/a |
| Huizhou Speed Wireless Technology 300322.SZ | China | $991M | -52% | +25% | 3% | 2.5× | n/a | n/a |
| Nanjing Panda Electronics 600775.SS | China | $992M | -27% | +30% | -7% | 1.9× | n/a | n/a |
| Zhiyang Innovation Technology 688191.SS | China | $753M | -53% | -2% | -8% | 5.2× | n/a | n/a |
| Skyworth 0751.HK | Hong Kong | $749M | -51% | +5% | 2% | 0.3× | n/a | n/a |
| ShenZhen Consys Science & Technology 688788.SS | China | $746M | -41% | -22% | -173% | 22.2× | n/a | n/a |
| Invisio IVSO.ST | Sweden | $1.00B | -15% | +24% | 18% | 4.7× | 13.2% | +26.7% |
| Sumavision Technologies 300079.SZ | China | $1.01B | -14% | -6% | -8% | 6.4× | n/a | n/a |
| Harmonic HLIT | United States | $1.04B | -26% | -21% | 15% | 1.9× | 10.0% | -1.0% |
| Flaircomm Microelectronics 301600.SZ | China | $1.04B | -35% | +19% | 9% | 5.2× | 27.2% | +29.1% |
| Tozed Kangwei Tech 301718.SZ | China | $1.05B | n/a | +43% | 5% | 4.3× | n/a | n/a |
| Suzhou Keda Technology 603660.SS | China | $713M | -31% | -32% | -59% | 5.5× | n/a | n/a |