Materials for the briefing on financial results for the first quarter of the fiscal year ending March 2027 | SKY Perfect JSAT Corporation (9412) timely disclosure

Worth reading

61In focus

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Direction

Improvement

Direction inferred from the company’s description.

Scale

¥100 million (year-on-year increase in consolidated net income)

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending March 202711 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥334 100 million+12.0%

Operating profit¥109 100 million+36.0%

Net income¥82 100 million+49.6%

Results for the three months of the current quarterOperating revenue of ¥33.4 billion, operating income of ¥10.9 billion, consolidated net income of ¥8.2 billion, and EBITDA of ¥14.7 billion (all for the first quarter alone)

Full-year earnings forecast

Operating revenue

¥1,350 100 million

Operating profit

¥390 100 million

Ordinary income

¥390 100 million

Profit attributable to owners of the parent

¥270 100 million

EBITDA

¥540 100 million

Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。

Operating revenue24.7%

Operating profit27.9%

Consolidated net income30.5%

EBITDA27.2%

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

In line with plan

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Space business operating revenue

Space intelligence business+¥2.2 billion

Global mobile sector+¥500 million

Foreign Exchange Effects+¥0.3 billion

Space business operating expenses

Increase in cost of sales accompanying revenue growth+¥1.5 billion

Depreciation and amortization+¥100 million

Orbital Lasers costs-¥0.2 billion

Media business operating revenue

Subscription fees, service fees and basic fees-¥600 million

Optical retransmission service-related revenue+¥1.1 billion

Media business operating expenses

End of Bundesliga broadcasting and streaming-¥0.5 billion

Connected TV business-related costs-¥0.2 billion

Customer support and administrative expenses-¥0.2 billion

Depreciation and amortization-¥100 million

New initiatives

Acquisition of the Ka-band communications satellite HYLAS 3 and full-scale entry into communications services for security applications
Establishment of the Kumamoto Network Operations Control Center, expanding the number of locations from 6 to 7
Agreement to become an authorized reseller of low-Earth-orbit satellite communications service Amazon Leo
Strategic partnership with Astroscale
Memorandum of understanding with ispace concerning a demonstration of private communications infrastructure for lunar exploration
Launch of new LIANA service plans using satellite data

Key KPIsA metric the company considers important as a management benchmark.

New subscriptions11.7 ten thousand items
Year on year against the same period last yearDown from 122,000 in the same period of the previous year
Net additions-4 ten thousand items
Year on year against the same period last yearWorsened from -19,000 in the same period of the previous year
Cumulative subscriptions241.4 ten thousand items
Year on year against the same period last yearDown from 2.583 million in the same period of the previous year
Cumulative subscribers184.6 ten thousand items
Year on year against the same period last yearDown from 1.994 million in the same period of the previous year
Households connected to the optical retransmission service299.3 ten thousand items
Year on year against the same period last yearUp from 2.887 million in the same period of the previous year
SKY PerfecTV! churn rate6.4 %
Year on year against the same period last yearUp from 5.4% in the same period of the previous year
Fiber-optic retransmission service churn rate1.6 %
Year on year against the same period last yearUp from 1.3% in the same period of the previous year

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Subscriber payment per account (revenue recognition: 30% of viewing fees, business commission revenue)¥3,474
Subscriber payment per account (revenue recognition: 50% of viewing fees, viewing fee revenue)¥3,530
Subscriber payment per account (revenue recognition: 50% of viewing fees, viewing fee revenue)¥4,909
New subscriptions11.7 ten thousand items
Households connected to the optical retransmission service299.3 ten thousand items

Segment results

Space business

Operating revenue

¥175 100 million+20.7%

Operating Expenses

¥111 100 million+20.1%

Operating profit

¥64 100 million+21.8%

Segment profit

¥46 100 million+27.3%

Media Business

Operating revenue

¥173 100 million+2.4%

Operating Expenses

¥126 100 million-9.6%

Operating profit

¥47 100 million+59.3%

Segment profit

¥33 100 million+62.4%

Medium-term management plan targets

FY2030 operating revenue

¥1,850 100 million

Fiscal 2030 consolidated net income

¥350 100 million

Fiscal 2030 EBITDA

¥850 100 million

Security-related revenue target

¥200 100 million or more / 10 years

Orders received and order backlog

Contract backlog

¥1,979 100 million as of the end of March 2026

Number of stores and locations

Locations expanded from 6 to 7 through new openings and expansion. The number of openings and closures during the period was Not disclosed

Capital expenditures

¥144 100 million first quarter of fiscal 2026

Acquisition of treasury shares

Allocation for share repurchases was disclosed. The repurchase amount, number of shares, and period were Not disclosed

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	First quarter of the fiscal year ending March 2027
Net Sales	¥334 100 million (YoY +12.0%)
Operating profit	¥109 100 million (YoY +36.0%)
Net income	¥82 100 million (YoY +49.6%)
Results for the three months of the current quarter	Operating revenue of ¥33.4 billion, operating income of ¥10.9 billion, consolidated net income of ¥8.2 billion, and EBITDA of ¥14.7 billion (all for the first quarter alone)
Full-year earnings forecast	Operating revenue ¥1,350 100 million / Operating profit ¥390 100 million / Ordinary income ¥390 100 million / Profit attributable to owners of the parent ¥270 100 million / EBITDA ¥540 100 million
Progress against full-year forecast	Operating revenue 24.7% / Operating profit 27.9% / Consolidated net income 30.5% / EBITDA 27.2%
Self-assessment against the plan	In line with plan
Segment results	Space business Operating revenue ¥175 100 million (YoY +20.7%) / Operating Expenses ¥111 100 million (YoY +20.1%) / Operating profit ¥64 100 million (YoY +21.8%) / Segment profit ¥46 100 million (YoY +27.3%) / Media Business Operating revenue ¥173 100 million (YoY +2.4%) / Operating Expenses ¥126 100 million (YoY -9.6%) / Operating profit ¥47 100 million (YoY +59.3%) / Segment profit ¥33 100 million (YoY +62.4%)
Breakdown of Factors Affecting the Change	Space business operating revenue Space intelligence business +¥2.2 billion / Global mobile sector +¥500 million / Foreign Exchange Effects +¥0.3 billion / Space business operating expenses Increase in cost of sales accompanying revenue growth +¥1.5 billion / Depreciation and amortization +¥100 million / Orbital Lasers costs -¥0.2 billion / Media business operating revenue Subscription fees, service fees and basic fees -¥600 million / Optical retransmission service-related revenue +¥1.1 billion / Media business operating expenses End of Bundesliga broadcasting and streaming -¥0.5 billion / Connected TV business-related costs -¥0.2 billion / Customer support and administrative expenses -¥0.2 billion / Depreciation and amortization -¥100 million
Key KPIs	Indicator name New subscriptions / Value 11.7 ten thousand items / Year on year against the same period last year Down from 122,000 in the same period of the previous year, Indicator name Net additions / Value -4 ten thousand items / Year on year against the same period last year Worsened from -19,000 in the same period of the previous year, Indicator name Cumulative subscriptions / Value 241.4 ten thousand items / Year on year against the same period last year Down from 2.583 million in the same period of the previous year, Indicator name Cumulative subscribers / Value 184.6 ten thousand items / Year on year against the same period last year Down from 1.994 million in the same period of the previous year, Indicator name Households connected to the optical retransmission service / Value 299.3 ten thousand items / Year on year against the same period last year Up from 2.887 million in the same period of the previous year, Indicator name SKY PerfecTV! churn rate / Value 6.4 % / Year on year against the same period last year Up from 5.4% in the same period of the previous year, Indicator name Fiber-optic retransmission service churn rate / Value 1.6 % / Year on year against the same period last year Up from 1.3% in the same period of the previous year
Unit price and quantity metrics	Indicator name Subscriber payment per account (revenue recognition: 30% of viewing fees, business commission revenue) / Value ¥3,474, Indicator name Subscriber payment per account (revenue recognition: 50% of viewing fees, viewing fee revenue) / Value ¥3,530, Indicator name Subscriber payment per account (revenue recognition: 50% of viewing fees, viewing fee revenue) / Value ¥4,909, Indicator name New subscriptions / Value 11.7 ten thousand items, Indicator name Households connected to the optical retransmission service / Value 299.3 ten thousand items
Number of stores and locations	Locations expanded from 6 to 7 through new openings and expansion. The number of openings and closures during the period was Not disclosed
Medium-term management plan targets	FY2030 operating revenue ¥1,850 100 million / Fiscal 2030 consolidated net income ¥350 100 million / Fiscal 2030 EBITDA ¥850 100 million / Security-related revenue target ¥200 100 million or more / 10 years
Acquisition of treasury shares	Allocation for share repurchases was disclosed. The repurchase amount, number of shares, and period were Not disclosed
Capital expenditures	¥144 100 million (first quarter of fiscal 2026)
Orders received and order backlog	Contract backlog ¥1,979 100 million (as of the end of March 2026)
New initiatives	Acquisition of the Ka-band communications satellite HYLAS 3 and full-scale entry into communications services for security applications, Establishment of the Kumamoto Network Operations Control Center, expanding the number of locations from 6 to 7, Agreement to become an authorized reseller of low-Earth-orbit satellite communications service Amazon Leo, Strategic partnership with Astroscale, Memorandum of understanding with ispace concerning a demonstration of private communications infrastructure for lunar exploration, Launch of new LIANA service plans using satellite data

Items this document does not state (12)

Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioMarket Size / ShareKey points of the Q&A

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.

The Space segment's Space Intelligence business expanded, driven in part by the launch of the satellite constellation development and operation business. In the Media segment, operating expenses declined due to the end of Bundesliga broadcasting and streaming, lower costs related to the Connected TV business, and reductions in customer support and administrative expenses, in addition to higher prices for optical retransmission services and growth in the number of connected households.

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