Announcement • Jul 27
Axelspace Corporation Terminates Commercial Operations Of Microsatellite GRUS-1E Axelspace Holdings Corporation announced that a malfunction occurred in the attitude control system of the microsatellite 'GRUS-1E,' which was launched on March 22, 2021 and is operated by Axelspace Corporation, a consolidated subsidiary of the company. As the company determined that maintaining stable service operations is no longer feasible, the company decided to terminate the commercial operations of the 'GRUS-1E'. On the night of July 18, 2026, a malfunction occurred in the attitude control system of 'GRUS-1E.' Axelspace Corporation conducted investigations to identify the cause while simultaneously attempting system restoration. The investigation confirmed that the reaction wheels used for attitude control had failed, making it extremely difficult to restore three-axis attitude control. The 'GRUS-1' series was originally equipped with four reaction wheels and designed with redundancy to continue operations in the event of a single wheel failure. However, telemetry data indicates that two of the four reaction wheels likely failed. Consequently, the company determined that it is no longer feasible to continue stable commercial operations and decided to terminate commercial operations for 'GRUS-1E.' The company will now proceed with the decommissioning process. Regarding 'GRUS-1E,' an impairment loss was already recognized in the fiscal year ended May 2024; therefore, no extraordinary loss will be recorded in connection with this matter. Among the five-satellite constellation operating under the AxelGlobe business, the remaining four satellites (excluding 'GRUS-1E') are operating normally and continue to provide imagery data. The impact of this incident on financial results and position is considered immaterial, and there is no change to consolidated financial forecasts for the fiscal year ended May 2027, which were announced on July 14, 2026. Additionally, there are currently no changes to satellite manufacturing and launch plans. Should any further disclosable matters arise, updates will be provided. Announcement • Jul 25
Axelspace Holdings Corporation Announces Retirement of Makiko Hamada as Director, Effective August 26, 2026 Axelspace Holdings Corporation announced that Makiko Hamada is scheduled to retire as Director upon the conclusion of the 7th Annual General Meeting of Shareholders to be held on August 26, 2026, due to the expiration of her term of office. Announcement • Jul 15
Axelspace Holdings Corporation, Annual General Meeting, Aug 26, 2026 Axelspace Holdings Corporation, Annual General Meeting, Aug 26, 2026. 
