Sky Perfect Jsat Corporation TSE:9412
SKY Perfect JSAT : Summary of Business Results for the Year Ended March 31, 2026 PDF（374KB）
Source: MarketScreener
April 28, 2026 |
SKY Perfect JSAT Corporation |
Summary of Business Results for the Year Ended March 31, 2026
This material contains forward-looking statements based SKY Perfect JSAT Corporation's own projections and estimates. The markets where SKY Perfect JSAT Corporation is active are extremely volatile, subject to rapid changes in technology, customer demands, economic conditions including prices, the potential failures of satellites and many other variables. Due to the risks and uncertainties involved, actual results may differ from the content of these statements. Therefore, these statements should not be interpreted as representations that such objectives will be fulfilled.
Supplementary Data | ||||||||||
Ⅰ. Consolidated Financial Highlights | ( | Unit: Millions of Yen) | ||||||||
For the year ended March 31, 2025 | For the year ended March 31, 2026 | |||||||||
Q1 | Q2 | Q3 | Q4 | Cumulative | Q1 | Q2 | Q3 | Q4 | Cumulative | |
Revenues | 30,490 | 30,525 | 30,844 | 31,861 | 123,721 | 29,825 | 31,046 | 32,460 | 34,251 | 127,584 |
Operating Income | 7,433 | 6,442 | 7,409 | 6,202 | 27,488 | 8,009 | 9,200 | 9,310 | 8,753 | 35,273 |
Ordinary Income | 7,458 | 6,567 | 7,168 | 6,096 | 27,290 | 8,224 | 9,891 | 8,824 | 8,479 | 35,420 |
Profit attributable to owners of parent | 5,028 | 4,687 | 4,688 | 4,701 | 19,106 | 5,500 | 6,269 | 5,860 | 5,681 | 23,311 |
Total Assets | 272,014 | 278,715 | 275,078 | 284,174 | 284,174 | 288,003 | 292,701 | 296,125 | 307,035 | 307,035 |
Total Equity | 400,539 | 405,549 | 394,646 | 403,414 | 403,414 | 395,387 | 399,824 | 396,767 | 407,759 | 407,759 |
Net Income per Share (Yen) | 17.75 | 16.55 | 16.55 | 16.59 | 67.43 | 19.41 | 22.12 | 20.68 | 20.05 | 82.25 |
Total Equity per Share (Yen) | 952.77 | 975.89 | 961.80 | 993.48 | 993.48 | 1,007.13 | 1,023.02 | 1,035.42 | 1,070.96 | 1,070.96 |
EBITDA*1 | 12,260 | 11,319 | 11,815 | 10,376 | 45,772 | 11,836 | 12,988 | 13,157 | 12,755 | 50,737 |
Cash Dividend per Unit Share (Yen) | - | 11.00 | - | 16.00 | 27.00 | - | 19.00 | - | 23.00 | 42.00 |
Net Cash Provided by Operating activities | 14,059 | 10,890 | 11,645 | 5,779 | 42,375 | 15,239 | 12,878 | 15,087 | 10,462 | 53,667 |
Net Cash Provided by (Used in) Investing activities | (11,268) | (5,277) | (1,786) | (7,443) | (25,776) | (25,275) | (14,791) | (17,742) | (18,648) | (76,458) |
Free Cash Flows*2 | 2,791 | 5,613 | 9,859 | (1,664) | 16,599 | (10,036) | (1,913) | (2,655) | (8,186) | (22,791) |
Net Cash Provided by (Used in) Financing activities | (7,228) | (767) | (7,821) | (926) | (16,743) | (19,444) | (916) | (11,325) | (595) | (32,281) |
Cash and Cash Equivalents at Term-end (a) | 110,123 | 115,080 | 116,776 | 114,516 | 114,516 | 84,937 | 81,069 | 65,908 | 57,647 | 57,647 |
Interest-bearing Debt at Term-end*3 | 62,430 | 60,506 | 56,309 | 55,151 | 55,151 | 39,954 | 39,189 | 33,564 | 32,363 | 32,363 |
Net Interest-bearing Debt at Term-end (b) － (a) | (47,693) | (54,574) | (60,467) | (59,365) | (59,365) | (44,983) | (41,880) | (32,344) | (25,284) | (25,284) |
*1. From the current period, the definition of EBITDA has been changed from "Net Income + Tax Expense + Depreciation Expense + Amortization of Goodwill + Interest Expense," which was used up to the previous period, to "Operating Income + Depreciation Expense." The figures for the year ended March 2025 have also been recalculated based on the revised definition.
*2. Net Cash Provided by Operating activities + Net Cash Provided by (Used in) Financing activities
*3. Term-end balance of Debts and Unsecured corporate bonds
Ⅱ. Segment Information (Unit: Millions of Yen)
For the year ended March 31, 2025 | For the year ended March 31, 2026 | |||||||||
Q1 | Q2 | Q3 | Q4 | Cumulative | Q1 | Q2 | Q3 | Q4 | Cumulative | |
Revenues | 30,490 | 30,525 | 30,844 | 31,861 | 123,721 | 29,825 | 31,046 | 32,460 | 34,251 | 127,584 |
Space Business | 15,725 | 15,639 | 15,795 | 17,540 | 64,701 | 15,507 | 16,660 | 18,370 | 19,300 | 69,839 |
Media Business | 16,431 | 16,524 | 16,653 | 15,904 | 65,514 | 16,020 | 16,078 | 15,681 | 16,514 | 64,294 |
Eliminations and Corporate Total | (1,666) | (1,639) | (1,605) | (1,583) | (6,494) | (1,702) | (1,692) | (1,590) | (1,563) | (6,549) |
Operating Income | 7,433 | 6,442 | 7,409 | 6,202 | 27,488 | 8,009 | 9,200 | 9,310 | 8,753 | 35,273 |
Space Business | 5,516 | 5,057 | 5,569 | 5,835 | 21,978 | 5,548 | 6,148 | 5,939 | 6,508 | 24,144 |
Media Business | 2,124 | 1,564 | 2,029 | 548 | 6,265 | 2,670 | 3,240 | 3,558 | 2,439 | 11,908 |
Eliminations and Corporate Total | (207) | (179) | (188) | (180) | (755) | (209) | (188) | (187) | (193) | (779) |
Profit attributable to owners of parent | 5,028 | 4,687 | 4,688 | 4,701 | 19,106 | 5,500 | 6,269 | 5,860 | 5,681 | 23,311 |
Space Business | 3,728 | 3,736 | 3,352 | 4,399 | 15,218 | 3,775 | 4,604 | 3,511 | 4,174 | 16,065 |
Media Business | 1,475 | 1,093 | 1,466 | 398 | 4,433 | 1,858 | 1,785 | 2,459 | 1,625 | 7,729 |
Eliminations and Corporate Total | (175) | (142) | (129) | (97) | (545) | (133) | (120) | (110) | (118) | (483) |
Depreciation Expense | 4,826 | 4,876 | 4,406 | 4,173 | 18,283 | 3,826 | 3,788 | 3,846 | 4,002 | 15,463 |
Space Business | 3,296 | 3,308 | 2,948 | 2,851 | 12,404 | 2,684 | 2,720 | 2,801 | 2,914 | 11,121 |
Media Business | 1,476 | 1,515 | 1,405 | 1,272 | 5,670 | 1,090 | 1,013 | 990 | 1,027 | 4,122 |
Eliminations and Corporate Total | 54 | 52 | 52 | 50 | 209 | 51 | 54 | 54 | 59 | 220 |
Capital Expenditures | 8,423 | 3,171 | 3,907 | 8,879 | 24,382 | 6,968 | 16,071 | 18,152 | 11,659 | 52,852 |
Space Business | 8,011 | 1,811 | 1,426 | 7,985 | 19,233 | 5,915 | 15,679 | 16,378 | 11,035 | 49,008 |
Media Business | 394 | 1,306 | 2,453 | 832 | 4,987 | 1,028 | 380 | 1,745 | 602 | 3,757 |
Eliminations and Corporate Total | 18 | 53 | 28 | 61 | 161 | 24 | 12 | 28 | 22 | 87 |
Number of Subscribers and Churn Rate of SKY PerfecTV! | For the year ended March 31, 2025 | For the year ended March 31, 2026 | ||||||||
Q1 | Q2 | Q3 | Q4 | Cumulative | Q1 | Q2 | Q3 | Q4 | Cumulative | |
New Subscribers Total for SKY PerfecTV! *4 | 135 | 103 | 98 | 173 | 509 | 122 | 104 | 101 | 185 | 511 |
SKY PerfecTV! | 128 | 100 | 95 | 165 | 487 | 116 | 100 | 98 | 177 | 492 |
SKY PerfecTV! Premium Service | 6 | 3 | 3 | 7 | 19 | 5 | 3 | 2 | 7 | 17 |
SKY PerfecTV! Premium Service Hikari | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 3 |
Churns Total for SKY PerfecTV! *4 | 146 | 156 | 197 | 148 | 647 | 141 | 162 | 193 | 162 | 659 |
SKY PerfecTV! | 126 | 137 | 176 | 128 | 567 | 124 | 144 | 173 | 143 | 585 |
Premium Service | 18 | 18 | 20 | 18 | 74 | 15 | 17 | 19 | 18 | 68 |
Premium Service Hikari | 2 | 1 | 1 | 2 | 6 | 1 | 1 | 2 | 2 | 6 |
Net Increase Total for SKY PerfecTV! *4 | (11) | (53) | (99) | 25 | (138) | (19) | (59) | (92) | 22 | (148) |
SKY PerfecTV! | 2 | (38) | (81) | 37 | (80) | (8) | (44) | (75) | 34 | (93) |
Premium Service | (13) | (15) | (17) | (11) | (55) | (10) | (14) | (16) | (11) | (52) |
Premium Service Hikari | (1) | (1) | (1) | (1) | (3) | (1) | (1) | (1) | (1) | (3) |
Total Total for SKY PerfecTV! *4 | 2,729 | 2,676 | 2,578 | 2,602 | 2,602 | 2,583 | 2,524 | 2,432 | 2,454 | 2,454 |
SKY PerfecTV! | 2,041 | 2,003 | 1,922 | 1,958 | 1,958 | 1,950 | 1,907 | 1,832 | 1,865 | 1,865 |
Premium Service | 626 | 611 | 594 | 583 | 583 | 573 | 559 | 543 | 532 | 532 |
Premium Service Hikari | 63 | 62 | 61 | 60 | 60 | 60 | 59 | 58 | 57 | 57 |
Churn Rate(%)*5 Total for SKY PerfecTV! *4 | 5.3% | 5.7% | 7.2% | 5.4% | 23.6% | 5.4% | 6.2% | 7.4% | 6.2% | 25.3% |
SKY PerfecTV! | 6.2% | 6.7% | 8.6% | 6.3% | 27.8% | 6.4% | 7.4% | 8.8% | 7.3% | 29.8% |
Premium Service | 2.9% | 2.8% | 3.2% | 2.8% | 11.6% | 2.6% | 2.9% | 3.2% | 3.0% | 11.7% |
Premium Service Hikari | 2.4% | 2.1% | 2.3% | 2.9% | 9.7% | 2.3% | 2.3% | 2.8% | 2.8% | 10.2% |
(Unit: Thousand)
Number of Subscribing Households and Churn Rate of Optical Fiber Based Re-transmission Service | For the year ended March 31, 2025 | For the year ended March 31, 2026 | ||||||||
Q1 | Q2 | Q3 | Q4 | Cumulative | Q1 | Q2 | Q3 | Q4 | Cumulative | |
New Subscribers | 63 | 58 | 58 | 68 | 247 | 63 | 66 | 62 | 74 | 264 |
Churns | 34 | 31 | 32 | 36 | 134 | 37 | 35 | 38 | 44 | 155 |
Net Increase | 28 | 27 | 26 | 32 | 114 | 26 | 30 | 23 | 30 | 109 |
Total | 2,775 | 2,802 | 2,829 | 2,861 | 2,861 | 2,887 | 2,917 | 2,940 | 2,970 | 2,970 |
Churn Rate(%)*5 | 1.3% | 1.1% | 1.2% | 1.3% | 4.9% | 1.3% | 1.2% | 1.3% | 1.5% | 5.4% |
*4. The figures are the total amounts for SKY PerfecTV! , Premium Service, and Premium Service HIKARI. SKY PerfecTV!: 110 degrees east longitude satellite broadcasts
Premium Service: 124 and 128 degrees east longitude satellite broadcasts Premium Service HIKARI: The service via optical fibers
*5. The quartery Churn Rate is culculated by dividing the churn of each quarter by Cumulative total at the end of the previous fiscal year.
(Unit: Yen)
Average Monthly Subscriber's Payment *6 | For the year ended March 31, 2025 | For the year ended March 31, 2026 | ||||||||
Q1 | Q2 | Q3 | Q4 | Cumulative | Q1 | Q2 | Q3 | Q4 | Cumulative | |
SKY PerfecTV! | 3,400 | 3,404 | 3,368 | 3,346 | 3,380 | 3,400 | 3,437 | 3,411 | 3,388 | 3,409 |
Subscription fee | 3,022 | 3,025 | 2,990 | 2,967 | 3,002 | 3,022 | 3,058 | 3,032 | 3,009 | 3,031 |
Basic fee and Others*7 | 379 | 379 | 378 | 379 | 379 | 379 | 379 | 379 | 379 | 379 |
Premium Service | 3,533 | 3,541 | 3,480 | 3,440 | 3,500 | 3,523 | 3,531 | 3,462 | 3,425 | 3,486 |
Subscription fee | 3,106 | 3,114 | 3,054 | 3,013 | 3,073 | 3,097 | 3,105 | 3,036 | 2,999 | 3,060 |
Basic fee and Others*7 | 427 | 427 | 427 | 427 | 427 | 426 | 426 | 426 | 426 | 426 |
Premium Service Hikari | 4,978 | 4,959 | 4,938 | 4,912 | 4,947 | 4,919 | 4,911 | 4,887 | 4,876 | 4,898 |
Subscription fee | 4,174 | 4,161 | 4,144 | 4,124 | 4,151 | 4,136 | 4,133 | 4,113 | 4,104 | 4,122 |
Basic fee and Others*7 | 803 | 798 | 793 | 789 | 796 | 783 | 778 | 775 | 771 | 777 |
*6. Average amount paid by subscribers in the form of monthly viewing fees, etc. These figures are calculated based on number of cumulative contractors.
30% of subscriber payments for SKY PerfecTV! is recognized as commission fee revenue.
100% of subscriber payments for SKY PerfecTV! Premium Service and SKY PerfecTV! Premium Service Hikari is recognized as viewing fee revenue.
*7. Basic fee and others : Basic fee and rental fee of Set top box
Subscriber Acquisition Cost （Total for SKY PerfecTV! ） | For the year ended March 31, 2025 | For the year ended March 31, 2026 | ||||||||
Q1 | Q2 | Q3 | Q4 | Cumulative | Q1 | Q2 | Q3 | Q4 | Cumulative | |
SAC Total (Millions of Yen)*8 *9 | 1,577 | 1,316 | 1,479 | 2,058 | 6,431 | 1,086 | 920 | 1,133 | 2,498 | 5,638 |
Advertising expenses | 833 | 582 | 803 | 1,238 | 3,457 | 499 | 387 | 511 | 1,720 | 3,119 |
Promotional expenses and user campaigns, and etc. | 744 | 734 | 675 | 820 | 2,974 | 587 | 532 | 622 | 777 | 2519 |
*8. Advertising expenses：Advertising expenses for various media.
Promotional expenses and user campaigns, and etc ：Promotion cost to acquire new subscribers, sales incentives, and Operation costs of SKY PerfecTV! customer center.
*9. From Q1 of the year ended March 2026, we changed our aggregation method and have recalculated the year ended March 2025 figures accordingly.
*10. The figures for Q4 of the year ended March 2025 have been revised from those disclosed in Q3 of the year ended March 2026.
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