Tokyo Stock Exchange · Industrials
Invest in Axelspace stock from India
Indian and foreign residents can buy Axelspace (402A) shares directly through Paasa.
By Paasa · Updated
Axelspace at a glance
- Price
- ¥421.00-¥100.00 (19.19%)
- Market cap
- ¥28.06B
- Day range
- ¥421.00 – ¥421.00
- P/E
- —
- Dividend yield
- None
- Volume
- 392.80K
- 1 month
- -19.19%
- 6 months
- -20.42%
- YTD
- -16.96%
- 1 year
- -47.38%
- 5 years
- —
How to invest in Axelspace from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to JPY when you buy.
Step 3
Search 402A and buy
Find Axelspace by name or by its ticker, 402A, and place your order. The Tokyo Stock Exchange typically trades in units of 100 shares.
Why invest in Axelspace from India
What Axelspace does
Axelspace Holdings Corporation designs, manufactures, operates, and sells micro-satellites and related components in Japan and internationally. It offers AxelGlobe, an Earth observation platform that offers business insights for various applications, including agriculture, disaster monitoring, news reporting, and environmental management; and AxelLiner, a one-stop service for satellite projects to conduct space missions including observations, communications, experiments, and in-orbit demonstrations. Axelspace operates in the Aerospace & Defense industry within the Industrials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Here's what inheritance rules in Japan mean for your Axelspace shares.
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.
Frequently asked questions
Can I buy Axelspace stock from India?
Yes. Indian residents and NRIs can buy Axelspace (402A) shares directly through Paasa. Axelspace is listed on the Tokyo Stock Exchange, in the Aerospace & Defense industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Axelspace share?
Usually more than one, and not a fraction: the Tokyo Stock Exchange typically trades in units of 100 shares. At ¥421.00 a share, size the order by the lot, not by the share.
How are Axelspace dividends taxed for Indian investors?
Axelspace does not currently pay a dividend, so there is nothing to withhold or declare today. If it starts paying one, japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India, and dividends are taxed at your slab rate in India.
What tax do I pay in India when I sell Axelspace shares?
Japan generally does not levy capital gains tax on non-resident individual investors. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the JPY/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
What happens to my Axelspace shares if I pass away?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. The rule looks at everything you hold there, not at Axelspace alone.