SKY Perfect JSAT Corporation · TSE:9412
SKY Perfect JSAT — Q3 FY2024 Earnings Presentation
42 slides from SKY Perfect JSAT's earnings presentation, Feb 5, 2025
Slide 1: Q3 of FY2024 Presentation Material
Securities Code: 9412 SKY Perfect JSAT Holdings Inc. Q3 of FY2024 Presentation Material For the 9-month period ended December 31, 2024 Scheduled for February 6, 2025 © 2025 SKY Perfect JSAT Holdings Inc. All Rights Reserved.
Slide 2: Forward-looking Statements
Forward-looking Statements Statements about the SKY Perfect JSAT Group’s forecasts, strategies, management policies, and targets contained in this presentation that are not based on historical facts constitute forward-looking statements. These statements are based on management’s assumptions, plans,
Slide 3: Consolidated Financial Results Third Quarter of FY2024
Consolidated Financial Results Third Quarter of FY2024
Slide 4: Financial Highlights
Financial Highlights Q3 cumulative net income was ¥14.4 billion, reached 80% progress on initial ¥18 billion forecast *’Consolidated net income’ means ‘Profit attributable to owners of parent’. Upward Revision: operating income to ¥28 billion, net income to ¥19 billion, reflecting steady progress up
Slide 5: Consolidated Earning Results for Q3 of FY2024
Consolidated Earning Results for Q3 of FY2024 ◼ Revenue, operating income, and net income all exceeded YoY ◼ Upward revision of full-year financial forecasts, due to solid performance up to Q3 FY2023 Q3 FY2024 Q3 FY2024 Progress(%) FY2024 Change (in Billions of ¥) Cumulative Cumulative Forecast (vs.
Slide 6: Earnings Overview: Space Business
Earnings Overview: ◼ Growth of Space Intelligence Business and yen depreciation contributed to reduce the range of revenue decline caused by the end of 4K broadcasting, etc. ◼ Continuously concentrated expenditures in strengthening our business foundations in North America and advancing commercializ
Slide 7: Earnings Overview: Media Business
Earnings Overview: Media Business ◼ Revenue from viewing fees declined, but revenue from FTTH and Non-broadcasting content increased ◼ Operating income increased significantly due to improvements of operational efficiency ◼ For the full year, we forecast an increase in revenue and profit, and a segm
Slide 8: Progress Update on Growth Investments
Progress Update on Growth Investments ◼ Continuing active investment promotion into the second half of FY2024 (Q3 cumulative total ¥22.5 billion) ◼ Decided to invest approx. ¥40 billion to build LEO Earth observation satellite constellation Cumulative Investment FY2024(planned) Total for FY2022-FY20
Slide 9: Shareholder Returns
Shareholder Returns ◼ Increased the year-end dividend forecast by ¥5 from the initial forecast to ¥16 (from ¥22 to ¥27 per share in FY2024) ◼ Cumulative shareholder returns over the three-year period from FY2022 to FY2024 are expected to be ¥24.5 billion Annual dividend per share (¥) 22 27 Policy of
Slide 10: Toward 2030
Toward 2030
Slide 11: Space Business Vision
S P A C E Vision Repost We are actively contributing towards the realization of a Super-Smart Society by aiming to establish both an innovative communication network covering all spaces and a global data collection network. Segment Net Income Target ¥21 Billion National Disaster Smart Automatic Othe
Slide 12: Full-scale Entry into LEO Earth Observation Satellite Business
S P A C E Full-scale Entry into LEO Earth Observation Satellite Business Space Intelligence Business Decided to Invest approx. ¥40 Billion to Build and Own Satellite Constellation • Expanding business fields into Non-communication • Procuring ten next-generation optical observation satellites of the
Slide 13: Collaboration with Startups for Co-Creation in the Space Business
Collaboration with Startups for Co-Creation S P A C E in the Space Business Connectivity Business New Business Field Space Intelligence Business Business Partnership with Penetrator Inc. Capital and Business Partnership with “Innovating the Real Estate Market from Space” ArkEdge Space Inc., a Leadin
Slide 14: Media Business Vision
M E D I A Media Business Vision Repost We are contributing to the realization of a diverse and highly creative society as a platform that connects people, companies, and society. Enhance the fan experience by Broadcasting＋Distribution＋Real/Virtual Fiber-optic Alliance Business Optical re-transmissio
Slide 15: SKY PerfecTV! Professional Baseball Set: Initiatives for the 2025 Baseball Season
SKY PerfecTV! Professional Baseball Set: M E D I A Initiatives for the 2025 Baseball Season Broadcasting ・Distribution SKY PerfecTV! Professional Baseball App ◼ Continuing the successful discount campaign ［Home Screen] ［Player Screen] for under-30s to attract younger subscribers ◼ Professional Baseb
Slide 16: Expanding Revenue from Non-Broadcast Content and Hosting Live Events
Expanding Revenue from Non-Broadcast Content M E D I A and Hosting Live Events Real ◼ Large-Scale Talk Show with Creators “The Secret Show” held on November, 2 • Exploring opportunities for non- broadcast/streaming events • Event featuring popular YouTuber “Naokiman” and comedian “Sequence Hayatomo”
Slide 17: Connected TV: SKY PerfecTV! Plus NetStick Monitoring Program Ongoing
Connected TV: SKY PerfecTV! Plus NetStick M E D I A Monitoring Program Ongoing Broadcasting ・Distribution ◼ Providing Monitoring Program to our broadcast subscribers and partner companies' customers ◼ Currently reviewing the results and usage of the monitoring study in preparation for the full- scal
Slide 18: Satellite Broadcasts as Alternative to Terrestrial Broadcasting
M E D I A Initiatives to Provide Satellite Broadcasts as an Alternative to Terrestrial Broadcasting in Geographically Disadvantaged Areas Broadcasting The Ministry of Internal Affairs and Overview of the Retransmission Pilot Project Communications(MIC) is currently considering the Using 110ºE CS Dig
Slide 19: Expansion of Media Solution Services Utilizing Existing Assets
M E D I A Expansion of Media Solution Services Utilizing Existing Assets Media Solutions ◼ Leveraging the assets and expertise of SKY PerfecTV! Tokyo Media Center to solve customers' media content-related problems and provide new services Revenue Forecast of the Media Solution Services （Existing cus
Slide 20: SPCC Converted to Joint Venture Company
SKY Perfect Customer-relations Corporation (SPCC) M E D I A Converted to Joint Venture Company Business Foundation ◼ Overview On January 1, 2025, shares of SPCC, which was a wholly- owned subsidiary, were partially transferred to BELLSYSTEM24 HOLDINGS, INC., forming a joint venture company ◼ Purpose
Slide 21: Our Unlimited Vision, Your Practical Value.
M E D I A 未知を、価値に。 Our Unlimited Vision, Your Practical Value. 21
Slide 22: References
References
Slide 23: Revised Financial Forecast for FY2024 (by Segment)
Revised Financial Forecast for FY2024 (by Segment) (in Millions of ￥) Previous Earnings Forecast for FY2024 Revised Earnings Forecast for FY2024 (Announced on April 26, 2024) Space Media Consolidated Consolidated Space Media Consolidated Consolidated Business Business Eliminations Total Business Bus
Slide 24: Trends of Consolidated Financial Results by Quarter
セグメント別 連結業績の推移(2018年度1Q ～ 2019年度4Q) Trends of Consolidated Financial Results by Quarter （FY2023 Q1 – FY2024 Q3） Revenue Operating Income Net Income (in Millions of ¥) (in Millions of ¥) (in Millions of ¥) 35,000 8,000 8,000 7,409 30,844 7,140 30,523 7,000 7,000 30,000 6,000 6,000 25,000 5,000 5,000
Slide 25: Trends of Quarterly Financial Results by Segment
Trends of Quarterly Financial Results by Segment (FY2023 Q1 - FY2024 Q3) Space Business * Including inter-segment transactions * (in Millions of ¥) Revenue (in Millions of ¥) Operating Income (in Millions of ¥) Segment Profit 20,000 7,000 7,000 6,000 6,000 15,000 5,000 5,000 4,000 4,000 10,000 3,000
Slide 26: Trends of Quarterly Financial Results by Segment (Table)
セグメント別 連結業績の推移(2018年度1Q Trends of Quarterly Financial Results by Segment～ 2019年度4Q) (FY2023 Q1 - FY2024 Q4 (Forecast)) FY2023 FY2024 (in Millions of ¥) （百万円） Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 （Forecast） (Revised Forecast) Revenue 30,009 30,488 30,523 30,850 121,872 30,490 30,525 30,844 32,140 124,
Slide 27: YoY Comparison by Segment
YoY Comparison by Segment FY2024 FY2024 Q3 (in Billions of ¥) Q3 Major factors of change Q3 Cumulative Q3 [YoY] [YoY] Cumulative Space Intelligence Business +0.2 +1.1 Increase sales in satellite images sales etc. Revenue* 15.8 [(0.8)] 47.2 [(0.4)] Global & Mobility Area (0.1) +0.7 Broadcasting trans
Slide 28: Revenue Composition ratio in Space Business
Revenue Composition ratio in Space Business (in Millions of ¥) 64,749 62,154 58,929 59,500 4% 3% 53,533 1% 4% 23% 26% 27% 21% 25% 26% 25% 23% 21% 30% 50% 50% 48% 48% 45% FY2019 FY2020 FY2021 FY2022 FY2023 Domestic communications Area Broadcasting Area Global & Mobility Area Space Intelligence Busine
Slide 29: 10 Years Consolidated Financial Results (FY2013 - FY2023)
10 Years Consolidated Financial Results (FY2013 - FY2023) Revenue Adopted accounting standards for revenue recognition in fiscal 2021 (in Millions of ¥) 192,875 171,683 163,294 164,014 162,905 145,501 139,541 139,572 119,632 121,139 121,872 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2
Slide 30: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities and Net Assets Equity Ratio： 66.7% 69.1% (in Millions of ¥) (in Millions of ¥) 405,411 394,646 405,411 394,646 60,198 67,839 73,229 51,728 231,269 223,654 271,982 275,078 111,293 111,037 4,603 5,202 58,243 54,752 End of March End of December End of March
Slide 31: Consolidated Cash Flows
Consolidated Cash Flows (in Millions of ¥) FY2023 Q3 FY2024 Q3 Cumulative Total Cumulative Total Net Cash from Operating activities 23,269 36,595 Net Cash from Investing activities (8,755) (18,332) Free Cash Flows *1 14,514 18,263 Net Cash from Financing activities (20,409) (15,816) Cash and Cash Eq
Slide 32: Annual Target of Subscribers
Annual Target of Subscribers (in 10 Thousands) FY2023 Q3 FY2024 Q3 Annual Target Cumulative Total Cumulative Total For FY2024 New Subscribers(IC cards or chips) 36.8 33.6 51.1 Net Increase (IC cards or chips) (14.5) (16.3) (15.0) - SKY PerfecTV! (9.7) (11.7) (8.7) - SKY PerfecTV! Premium Service (4.
Slide 33: Number of New Subscribers (IC cards or chips)
Number of New Subscribers (IC cards or chips) (in Thousands) ■ 170 ■ 1 7 ■ 133 135 1 1 6 119 116 6 1 4 1 103 98 4 1 3 1 3 162 126 128 114 111 100 95 FY2023 Q1 Q2 Q3 Q4 FY2024 Q1 Q2 Q3 33
Slide 34: Churn Rate (IC cards or chips)
Churn Rate (IC cards or chips) Churn rate * (Quarterly) Numbers of Churn (in Thousands) Note: SKY PerfecTV! three services Total 7.4% 7.2% 213 5.6% 5.7% 5.4% 5.3% 5.1% 197 156 160 156 145 146 FY2023 Q1 Q2 Q3 Q4 FY2024 Q1 Q2 Q3 * The churn rate is calculated by dividing the total number of cancellati
Slide 35: Average Monthly Contractor's Payment
Average Monthly Contractor’s Payment *1 （¥） 3,352 3,373 3,330 3,312 3,400 3,404 3,368 2,974 2,994 2,952 2,933 3,022 3,025 2,990 378 379 378 378 379 379 378 FY2023 Q1 Q2 Q3 Q4 FY2024 Q1 Q2 Q3 3,528 3,533 3,467 3,435 3,533 3,541 3,480 3,100 3,104 3,039 3,007 3,106 3,114 3,054 429 428 428 428 427 427 4
Slide 36: Total Subscribers Acquisition Cost (SAC)
Total Subscribers Acquisition Cost (SAC) (in Millions of ¥) 2,150 394 1,679 1,619 1,476 1,541 199 1,531 374 385 376 428 1,268 363 414 137 131 142 358 110 262 171 232 246 275 100 290 246 1,179 905 816 810 748 600 562 FY2023 Q1 FY2023 Q2 FY2023 Q3 FY2023 Q4 FY2024 Q1 FY2024 Q2 FY2024 Q3 ■ Advertising
Slide 37: Satellite Fleet Update
Satellite Fleet Update (As of January 31, 2025) S P A C E A total of 17 satellites covering areas from North America to the Indian Ocean Horizons-2 *1 Horizons-4 *1 (74W) (127W) Horizons-1 *1 (150W) Space-based optical telescope （Scheduled to launch in FY2025 JAXA ETS-9 ride-share payload） JCSAT-
Slide 38: List of Satellites
List of Satellites (As of January 31, 2025) Number of Satellites in Possession: 17 geostationary(GEO) satellites Satellite Orbital Location Satellite Bus Launch Date (JST) Launch Vehicle Main Coverage/Beam Main Usage Horizons-1 ＊1 150°W Boeing 601HP October 1, 2003 Zenit-3SL（Sea Launch） Ku-band: Nor
Slide 39: Recent Key News Releases
Recent Key News Releases Date Title（Click on each title to access the relevant release） Feb 5, 2025 SKY Perfect JSAT and Planet Labs PBC Partner to Build a $230M Low-Earth Orbit Satellite Constellation Notice of Upward Revision of Consolidated Earnings Forecast and Revision of Dividend Forecast (Div
Slide 40: Recent Key News Releases
Recent Key News Releases Date Title（Click on each title to access the relevant release） Dec 11, 2024 Orbital Lasers Raises Seed Round Funding SKY Perfect JSAT and Crypto Garage Sign Basic Agreement to Develop web3 Business Focused on Creator Dec 4, 2024 Support ～Aiming to Create New Value by Leverag
Slide 41: Space for your Smile
Space for your Smile Toward a world where uncertainty turns to peace of mind, difficulty turns to ease, and interest turns to passion ” SKY Perfect JSAT Group 62 SKY Perfect JSAT Group
Slide 42: Inquirer
Inquirer For inquiries regarding this document, please contact the department listed below. SKY Perfect JSAT Holdings Inc. Corporate Communications & Investor Relations Dept. E-Mail: ir@skyperfectjsat.co.jp Please register for our email distribution service here https://www.skyperfectjsat.space/en/i
SKY Perfect JSAT Holdings — Q3 FY2024 Earnings Presentation on 6ix