Overview
-

Synspective Inc.

Synspective develops, manufactures, and operates small 100kg-class SAR (Synthetic Aperture Radar) satellites under the 'StriX' series, providing SAR satellite data and cloud-based analytics solutions to government agencies and enterprises worldwide. The company sells SAR imagery data for applications including national security, disaster prevention, and infrastructure monitoring, while also offering cloud-based analytics services leveraging data science and machine learning. Synspective aims to build a 30-satellite constellation enabling near real-time global observation, with a key competitive advantage in achieving approximately 1/10 the weight and 1/20 the cost of conventional large SAR satellites.

Market Cap
¥152B
US$970M
EV
¥147B
US$934M
Stock¥1,153▼-3.11%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
218.8
x
LTM PBR
4.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-0.9%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
152BUS$970MMarket Cap10.7BUS$67.9M+ Debt16.2BUS$103M− Cash0.00BUS$0.00M− Inv. Sec.147BUS$934MEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
2.32US$14.8M'24/122.38US$15.2M'25/12
EBITDA 5Y (¥B)
-1.97-US$12.6M'24/12-2.53-US$16.1M'25/12
Net Income 5Y (¥B)
-3.59-US$22.9M'24/12-0.37-US$2.37M'25/12
Capital Structure
78%
22%
EquityD/E 0.29xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
14.2US$90.8M7.29US$46.5M'24/1224.5US$157M9.38US$59.8M'25/12
Shareholders
Top 10 hold 57.4%
1
Hulic Co.,Ltd.
12.05%
2
Mitsubishi Electric Corporation
9.40%
3
Space Ace Start No.1 Investment Limited Partnership
6.48%
4
Motoyuki ARAI
5.95%
5
SHIMIZU CORPORATION
5.22%
6
SP Ace Start No.1 Investment Limited Partnership
4.86%
7
Custody Bank of Japan, Ltd. (Trust Account)
4.58%
8
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.99%
9
Naruyoshi SHIRASAKA
3.06%
10
Meiji Yasuda Life Insurance Company
1.82%
Management
9 officers
Motoyuki ARAI
Representative Director, CEO
Apr 2004 Joined BearingPoint Inc. (current PwC Consulting LLC) Apr 2013 Representative Partner, E2Nlab. Apr 2015 Joined DigitalGrid Inc. (current WASSHA Inc.) Feb 2018 Founded the Company; Representative Director, CEO (current) Sep 2018 CEO, overseas subsidiary Synspective SG Pte. Jan 2022 Representative Director, subsidiary Synspective Japan Inc. (current) Mar 2025 CEO, overseas subsidiary Synspective USA HD, Inc. (current) Mar 2025 Director, overseas subsidiary Synspective USA, Inc. (current) Jan 2026 Director, overseas subsidiary Synspective SG Pte. (current)
1978-11-18
Toshihiro OBATA
Director
Apr 1997 Joined Mitsubishi Electric Corporation Jul 2016 Academic Support Specialist, Graduate School of Engineering, The University of Tokyo (current National University Corporation The University of Tokyo) Apr 2019 Joined the Company; Director (current) Jan 2022 Director, subsidiary Synspective Japan Inc. (current)
1973-01-17
Atsushi SHITO
Director, CFO
Nov 2004 Joined Meiwa Audit Corporation (current Gyosei Audit Corporation) Jan 2008 Joined Shin Nihon LLC (current EY Shin Nihon LLC) Nov 2013 Established DigitalGrid Inc. (current WASSHA Inc.); Director Jul 2017 Joined Seiryu Audit Corporation Jul 2017 Audit & Supervisory Board Member, Institution for a Global Society Inc. Jul 2018 Joined the Company Apr 2021 Director of the Company (current) Jan 2022 Director, subsidiary Synspective Japan Inc. (current)
1980-05-15
Kan EBISAWA
Director
Apr 1982 Joined Sony Corporation Apr 2014 Director, Sony Computer Science Laboratories, Inc. Dec 2014 Director, Qrio Inc. Apr 2018 President and Representative Director, Mobile Internet Capital, Inc. Apr 2019 Visiting Professor, Chuo University Business School (CBS) (current) May 2021 Director of the Company (current) Jun 2024 Chairman of the Board, Mobile Internet Capital, Inc. (current)
1960-03-25
Yuko ATSUMI
Director
Apr 1994 Joined UBS Securities Co., Ltd. Nov 1998 Joined Dresdner Kleinwort Securities Co., Ltd. Dec 2008 Joined Baker & McKenzie Law Office Mar 2013 Founded Waseda Legal Commons Law Office Nov 2018 Outside Director, Compliance Partners Inc. (current) Dec 2020 Outside Audit & Supervisory Board Member, T. Rowe Price Japan, Inc. Jan 2022 Partner Attorney, Kollect Partners Law Office (current) Nov 2023 Outside Director, Esporia Inc. Jun 2024 Director of the Company (current) Dec 2024 Outside Director, TKC Corporation (current) Jun 2025 Outside Audit & Supervisory Board Member, Exawizards Inc. (current)
1971-06-25
Ryo ENOMOTO
Director
Jul 1989 Joined Deloitte Tohmatsu Audit Corporation Aug 1996 Joined Asahi Audit Corporation (current PwC Consulting LLC) Apr 2009 Joined IBM Japan, Ltd. May 2013 Joined Salesforce.com, Inc. (current Salesforce Japan Co., Ltd.) as Executive Officer May 2015 Joined NEC Corporation as Executive Officer Apr 2020 Joined NEC VALWAY Corporation as Outside Director Jun 2022 Joined EY Japan Co., Ltd. as Chief Branding Officer Apr 2025 Director of the Company (current)
1963-06-04
Miho HATTORI
Full-time Audit & Supervisory Board Member
Feb 2011 Joined Shin Nihon LLC (current EY Shin Nihon LLC) Oct 2016 Joined Tax Brain Tax Accountants' Corporation Aug 2020 Representative, Miho Hattori Certified Public Accountant and Tax Accountant Office (current) Apr 2021 Audit & Supervisory Board Member of the Company (current)
1984-04-16
Ryugo YOSHIMURA
Audit & Supervisory Board Member
Apr 1990 Joined Anderson Mori & Rabinowitz Law Office (current Anderson Mori & Tomotsune) Jun 2003 Joined Ito Mitome Law Office (current Morrison Foerster Law Office) Jul 2009 Outside Audit & Supervisory Board Member, Prometech Software, Inc. (current) May 2018 Outside Audit & Supervisory Board Member, Forcia Corporation (current) Mar 2019 Audit & Supervisory Board Member of the Company (current) Oct 2022 Outside Audit & Supervisory Board Member, KINS Inc. (current) Jan 2023 Partner, Kensei Sogo Law Office (current)
1965-02-17
Takao TODA
Audit & Supervisory Board Member
Apr 1984 Joined Japan International Cooperation Agency (JICA); served in positions including Deputy Director, Reform Promotion Office, General Affairs Department; Senior Advisor and Special Assistant to the President in roles related to global health and human security; Chief Representative, Bangladesh Office; Director, Human Development Department (until Mar 2021) Dec 2021 Audit & Supervisory Board Member of the Company (current) Apr 2022 Specially Appointed Professor, Meiji University Jun 2022 Director, Ajinomoto Foundation (current) Jul 2023 Representative, Specified Nonprofit Corporation Forum2050 (current) Apr 2024 Joint Professor, Tokyo University of Foreign Studies (current) Apr 2024 Specially Appointed Professor, Kawamura Gakuen Woman's University (current) Apr 2025 Specially Appointed Professor, Nihon Kokusai Gakuen University (current)
1960-08-02
Large Shareholding Reports
Hulic Co., Ltd.
2026-10-21
15.72%→16.80%
Annual report (as of 2026-06-30): 12.05%
Hulic Co., Ltd.
2026-08-13
14.53%→15.72%
Annual report (as of 2026-06-30): 12.05%
Hulic Co., Ltd.
2026-08-05
13.35%→14.53%
Annual report (as of 2026-06-30): 12.05%
Hulic Co., Ltd.
2026-07-29
12.18%→13.35%
Annual report (as of 2026-06-30): 12.05%
Motoyuki ARAI
2026-03-09
8.08%→6.82%
Annual report (as of 2026-06-30): 5.95%
Nomura Sparx Investment Co., Ltd.
2025-12-22
2.47%→2.38%
Nomura Securities Co., Ltd.
2025-12-05
6.92%→4.95%
Hulic Co., Ltd.
2025-12-04
9.95%→12.18%
Annual report (as of 2026-06-30): 12.05%
Motoyuki ARAI
2025-11-28
—
Annual report (as of 2026-06-30): 5.95%
Motoyuki ARAI
2025-11-25
8.08%→8.08%
Annual report (as of 2026-06-30): 5.95%
Nomura Securities Co., Ltd.
2025-11-06
8.96%→6.92%
Nomura Securities Co., Ltd.
2025-10-30
11.33%→8.96%
Nomura Securities Co., Ltd.
2025-10-16
12.10%→11.33%
Nomura Securities Co., Ltd.
2025-09-30
12.10%→12.10%
Nomura Securities Co., Ltd.
2025-09-26
13.63%→12.10%
Nomura Securities Co., Ltd.
2025-09-25
14.72%→13.63%
Nomura Securities Co., Ltd.
2025-09-16
15.82%→14.72%
Nomura Securities Co., Ltd.
2025-08-27
16.81%→15.82%
Nomura Securities Co., Ltd.
2025-08-20
16.81%
Motoyuki ARAI
2025-08-18
8.33%→8.08%
Annual report (as of 2026-06-30): 5.95%
Motoyuki ARAI
2025-08-15
8.08%
Annual report (as of 2026-06-30): 5.95%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-08-13
Large Shareholding Report
EDINET
2026-08-05
Large Shareholding Report
EDINET
2026-07-29
Large Shareholding Report
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-09
Large Shareholding Report
EDINET
2025-12-22
Large Shareholding Report
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-12-04
Large Shareholding Report
EDINETAmended
2025-11-28
Change Report
EDINET
2025-11-25
Large Shareholding Report
EDINET
2025-11-14
Securities Registration Statement
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-11-06
Large Shareholding Report
EDINET
2025-10-30
Large Shareholding Report
EDINET
2025-10-16
Large Shareholding Report
EDINET
2025-09-30
Large Shareholding Report
EDINET
2025-09-26
Large Shareholding Report
EDINET
2025-09-25
Large Shareholding Report
EDINET
2025-09-16
Large Shareholding Report
EDINET
2025-08-27
Large Shareholding Report
EDINET
2025-08-20
Large Shareholding Report
EDINETAmended
2025-08-18
Change Report
EDINET
2025-08-15
Large Shareholding Report
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2025-07-28
Securities Registration Statement
TDnet
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →