Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
7784
¥ million (year-on-year increase in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales127,584¥ millionYear on year +3.1%Progress 94.5%
Operating profit35,273¥ millionYear on year +28.3%Progress 90.4%
Ordinary income35,420¥ millionYear on year +29.8%Progress 90.8%
Net income attributable to owners of the parent23,311¥ millionYear on year +22.0%Progress 86.3%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥82.25
Operating Margin27.6%
Financial position at period-end
Total assets407,759¥ million
of which net assets 307,035 ¥ millionEquity ratio 74.4%vs. prior year-end +4.6pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+53,667
Investment-76,458
Financials-32,281
Net change-55,072
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥57,647 million
Segment revenueSpace business ¥66,039 million (YoY +9.0%), Media Business ¥61,544 million (YoY -2.5%)
Segment profitSpace business ¥24,144 million (YoY +9.9%), Media Business ¥11,908 million (YoY +90.1%)
Regional sales¥114,902 million, ¥12,682 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥135,000 million (YoY +5.8%)
Operating profit¥39,000 million (YoY +10.6%)
Ordinary income¥39,000 million (YoY +10.1%)
Net income¥27,000 million (YoY +15.8%)
Annual Dividend Forecast¥42 → ¥48（+14.3%）
Payout ratioCurrent fiscal year 51.1 % / Next-year forecast 50.4 %
Shareholder Return PolicyDividend payout ratio of at least 50%, with a minimum annual dividend of ¥38 per share. Dividends are paid twice a year, as interim and year-end dividends.
Factors Behind Changes in Business Performance
Revenue from subscription fees, service fees and basic fees in the Media Business decreased by ¥2.3 billion, while revenue increased by ¥3.1 billion in the domestic satellite communications field of the Space Business and by ¥2.6 billion in the Space Intelligence Business. Operating expenses decreased by ¥3.9 billion, owing to the optimization of operations in the broadcasting business and decreases in depreciation and amortization, advertising and sales promotion expenses, and other costs.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 1 / Company name JSAT Beyond Innovation LLC / Excluded Number of companies 1 / Company name 株式会社Orbital Lasers
Material subsequent eventsAn absorption-type merger will be carried out with 1 April 2026 as the effective date, with the Company as the surviving company and スカパーJSAT株式会社 as the absorbed company. On the same date, the Company will change its corporate name to スカパーJSAT株式会社.
Impairment loss¥852 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on changes in equity interests ¥414 million / Extraordinary loss Impairment Losses ¥852 million, Impairment loss on investment securities ¥73 million
Depreciation and amortization¥15,463 million
Orders received and order backlogAmount ¥2,831 100 million / Details Orders received for the TriSat business
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person For securities analysts and institutional investors
Issued Shares at Period-End297,681,264
Treasury Shares at Period-End14,241,474
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥127,584 million (YoY +3.1%) |
| Operating profit | ¥35,273 million (YoY +28.3%) |
| Ordinary income | ¥35,420 million (YoY +29.8%) |
| Profit attributable to owners of the parent | ¥23,311 million (YoY +22.0%) |
| Net income per share | ¥82.25 |
| Operating Margin | 27.6% |
| Equity ratio | End of the current fiscal period 74.4% / End of previous period 69.8% |
| Total assets | ¥407,759 million |
| Net assets | ¥307,035 million |
| Cash flows from operating activities | ¥53,667 million |
| Cash flows from investing activities | ¥-76,458 million |
| Cash flows from financing activities | ¥-32,281 million |
| Cash and cash equivalents at end of period | ¥57,647 million |
| Full-year earnings forecast | Net Sales ¥135,000 million (YoY +5.8%) / Operating profit ¥39,000 million (YoY +10.6%) / Ordinary income ¥39,000 million (YoY +10.1%) / Net income ¥27,000 million (YoY +15.8%) |
| Annual Dividend Forecast | ¥42 → ¥48（+14.3%） |
| Payout ratio | Current fiscal year 51.1 % / Next-year forecast 50.4 % |
| Shareholder Return Policy | Dividend payout ratio of at least 50%, with a minimum annual dividend of ¥38 per share. Dividends are paid twice a year, as interim and year-end dividends. |
| Segment revenue | Space business ¥66,039 million (YoY +9.0%), Media Business ¥61,544 million (YoY -2.5%) |
| Segment profit | Space business ¥24,144 million (YoY +9.9%), Media Business ¥11,908 million (YoY +90.1%) |
| Regional sales | ¥114,902 million, ¥12,682 million |
| Orders received and order backlog | Amount ¥2,831 100 million / Details Orders received for the TriSat business |
| Depreciation and amortization | ¥15,463 million |
| Impairment loss | ¥852 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on changes in equity interests ¥414 million / Extraordinary loss Impairment Losses ¥852 million, Impairment loss on investment securities ¥73 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 1 / Company name JSAT Beyond Innovation LLC / Excluded Number of companies 1 / Company name 株式会社Orbital Lasers |
| Material subsequent events | An absorption-type merger will be carried out with 1 April 2026 as the effective date, with the Company as the surviving company and スカパーJSAT株式会社 as the absorbed company. On the same date, the Company will change its corporate name to スカパーJSAT株式会社. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person For securities analysts and institutional investors |
| Issued Shares at Period-End | 297,681,264 |
| Treasury Shares at Period-End | 14,241,474 |
| Factors Behind Changes in Business Performance | Revenue from subscription fees, service fees and basic fees in the Media Business decreased by ¥2.3 billion, while revenue increased by ¥3.1 billion in the domestic satellite communications field of the Space Business and by ¥2.6 billion in the Space Intelligence Business. Operating expenses decreased by ¥3.9 billion, owing to the optimization of operations in the broadcasting business and decreases in depreciation and amortization, advertising and sales promotion expenses, and other costs. |
Items this document does not state (1)
Revision to Earnings Forecast
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Revenue increased by ¥3.1 billion in the domestic satellite communications field of the Space Business and by ¥2.6 billion in the Space Intelligence Business. In the Media Business, operating expenses decreased by ¥3.9 billion, mainly as a result of optimizing operations in the broadcasting business, boosting profit.
How to read this page
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