Japan's day, wrapped and delivered by morning.
Latest Tokyo Brief coverage on Astroscale Holdings Inc., tracking filings, financial news, and market signals from Japan.
TSE:186A
Astroscale plans to cut stated capital by ¥2.13bn and drain its entire ¥5.60bn capital reserve to wipe out a ¥7.73bn accumulated deficit, an accounting shuffle that leaves shareholders' stakes and the company's net worth unchanged.
Astroscale's board wants inside directors to earn new stock awards over four years, not one, and can claw the shares back if misconduct triggers a restated audit.
Project revenue rose 89.0% to ¥11.51 billion and IFRS revenue climbed 141.8% to ¥5.94 billion in the year to April, while operating loss narrowed to ¥9.98 billion and net loss to ¥6.70 billion. Cash and equivalents fell to ¥10.02 billion from ¥21.30 billion, and the coming-year outlook is still a loss-making range rather than a clean turn to profit.