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Astroscale Records Loss Provision on ELSA-M Project
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Astroscale Records Loss Provision on ELSA-M Project

Astroscale Holdings Inc. (JP:186A) has released an update.

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Astroscale Holdings Inc. has reported a provision for loss of ¥3,204 million in connection with the ELSA-M Phase 4 contract for the period ending July 31, 2024. This loss provision reflects revised calculations based on the final contract terms and affects the company’s consolidated financial results. The project is noted as ‘partially funded’, indicating that initial contract amounts did not cover the full anticipated expenses.

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