May 2026
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Largest SpaceTech Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Mitsubishi, IHI, Astroscale, Synspective and Systems Engineering.
 | Mitsubishi Corp. is Japan’s largest general trading house, or sogo shosha, a type of conglomerate unique to Japan. Its core role is that of a trading intermediary in a variety of industrial sectors, including resources businesses like energy and metals as well as non-resources businesses, both industrial ones like automotive and non-industrial ones like food, healthcare, and retail. In addition to acting as a trading intermediary (including midstream processing functions to convert inputs into final products), Mitsubishi also participates in upstream production businesses and downstream distribution businesses. | $31 | +70% | $113B | $138B | 1.2x | 10.9x | ||
| IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The company operates its business through four segments. The Aviation, Space, and Defense segment covers aero engines, rocket systems, space utilization, and defense equipment. The Industrial System and General-purpose Machinery segment includes turbochargers, compressors, logistics systems, and industrial machinery. The Resources, Energy, Environment segment focuses on nuclear power, carbon solutions, and related equipment. The Social Infrastructure segment involves bridges, transportation systems, shield systems, construction materials, and urban development. | $16 | +15% | $17B | $19B | 1.9x | 13.4x | ||
| Astroscale Holdings Inc is developing new and scalable solutions across the spectrum of on-orbit servicing, including life extension, in-space situational awareness, end of life, and active debris removal, to create sustainable space systems and mitigate the growing and hazardous buildup of debris in space. | $13 | +205% | $2B | $2B | 105.9x | (16.2x) | ||
| Synspective Inc is engaged in development and operation of small SAR satellites and provider of SAR data and satellite solution. | $10 | +59% | $1B | $1B | 82.0x | 210.6x | ||
| Systems Engineering Consultants Co Ltd provides real-time software solutions. It develops real-time software with four business fields: mobile network, internet, social infrastructure system, and space advanced system. Its software offerings include Rtrilo (Ari Trilo), Rtino (Altino), RTMSafety (RTM Safety), airCube (air cube), airLook (EALOK) and airSmartG (Air Smart G). | $25 | +56% | $260M | $239M | 3.7x | 19.7x | ||
| Median | $16 | +59% | $2B | $2B | 3.7x | 13.4x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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