業績については24年5月期は売上高は前期比340％増の1,640百万円、営業利益は290百万円を計画している。運用するSARS衛星は24年5月期末で3機であるが、25年5月期末には8機、28年5月期末には24機を計画しており、運用衛星数の増加をドライバーとして中長期的に高成長が続くことが期待される。QPS Research Institute (5595) is engaged in the development, manufacturing, and sale of image data obtained from small SAR satellites. Currently, most of the revenue comes from the Cabinet Office, and the acquired image data is used for national security and other purposes.
Despite having high advantages over optical satellites, SAR satellites, which can observe the earth's surface for 24 hours regardless of weather conditions, face the challenge of high manufacturing and launching costs due to the difficulty in downsizing. The company has developed a deployable parabolic antenna that can be deployed in space to solve this problem, and is expanding its business with small and high-definition SAR satellites, which are only a few companies in the world. In addition, with a broad and light-weight parabolic antenna, it achieves high resolution, lightweight, and low-cost simultaneously, and the company's small SAR satellite has achieved a resolution of less than 50 cm in Japan, which is the first time in Japan. Synspective is another small SAR satellite player in Japan, but its resolution is 100 cm.
The global SAR satellite-related market is expected to expand, and its market size is expected to reach 1 trillion yen in 2027. Although the current usage is mainly in the field of national security, the Cabinet Office is supporting the development of small satellite constellations by connecting various ministries and satellite operators, and is currently working with ministries to demonstrate the use of small SAR satellites for rapid disaster response, national land management, and ocean surveillance. The characteristics of SAR satellites are also expected to realize disaster response in Japan, a country with frequent natural disasters. In terms of performance, sales for the fiscal year ending May 2024 are planned to be 1.64 billion yen, a 340% increase from the previous year, with operating profit of 290 million yen. While operating three SARS satellites at the end of May 2024, the company plans to operate eight at the end of May 2025 and 24 at the end of May 2028, and is expected to continue high growth in the medium to long term driven by an increase in the number of operational satellites.
For the fiscal year ending May 2024, sales are planned to be 1.64 billion yen, a 340% increase from the previous year, and operating profit is planned to be 290 million yen. While operating three SARS satellites at the end of May 2024, the company plans to operate eight at the end of May 2025 and 24 at the end of May 2028, and is expected to continue high growth in the medium to long term driven by an increase in the number of operational satellites.
