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TYO:290A

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Asia

Synspective Launches 11th Radar Satellite

Synspective (TYO:290A) launched its 11th small synthetic aperture radar satellite, according to a Thursday filing with the Tokyo Exchange.The StriX-series satellite was placed into orbit via a Rocket Lab Electron Rocket from the Mahia Peninsula in New Zealand.The satellite data and solutions company will conduct testing and commissioning over the coming months to verify the satellite's observation capabilities before entering service.

TYO:290A
Asia

Japanese Shares Remain Elevated on Strong Momentum by AI Shares, Local Econ Data

Japanese equities continued their positive run for the third session in a row on Wednesday, closing with gains lifted by AI-related shares and favorable domestic economic data.The Nikkei 225 closed up 0.59%, or 412.64 points, to 70,474.96.Consumer confidence in Japan improved marginally in June, with the index measuring sentiment rising to 33.8 from 33.6 in the previous month, beating the 34.1 consensus forecast tracked by Investing.com, data released by the Cabinet Office on Wednesday showed.Also, operating conditions across Japan's manufacturing sector improved in June, with the final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, coming in at 54.8, compared with the 54.5 recorded in the previous month, according to data released on Wednesday.On the corporate side, Japan has selected a consortium backed by SoftBank Corp.(TYO:9434) to spearhead a five-year national project developing a homegrown multimodal AI platform, with total public investment expected to reach 1 trillion yen.Also, Synspective (TYO:290A) has secured a subsidy for the Global South Future-Oriented Co-Creation program for small-scale demonstration and feasibility study projects in Japan, according to a Wednesday filing on the Tokyo Stock Exchange.

Nikkei 225TYO:290ATYO:9434
Asia

Synspective Secured Global South Co-Creation Subsidy in Japan

Synspective (TYO:290A) has secured a subsidy for the Global South Future-Oriented Co-Creation program for small-scale demonstration and feasibility study projects in Japan, according to a Wednesday filing on the Tokyo Stock Exchange.The Tokyo-listed company said that it applied for subsidies totaling 222.9 million yen covering two-thirds of eligible project costs, including demonstration project costs, satellite data procurement costs, and travel expenses.The project is scheduled to run from the subsidy grant decision through March 31, 2028, supporting an overseas satellite monitoring initiative using a small SAR satellite constellation.

TYO:290A
Asia

Synspective Successfully Launches 10th StriX SAR Satellite Into Orbit

Synspective (TYO:290A) said that it has successfully launched its 10th small SAR satellite in the StriX series, according to a Monday filing on the Tokyo Stock Exchange.The Tokyo-listed company said that the satellite launched by the Electron rocket of Rocket Lab USA has been placed into orbit and has deployed its antenna as planned.The satellite is confirmed to be controllable, and the company will conduct its testing and commissioning to verify its observation capabilities before it enters commercial service.

TYO:290A

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