Fiscal Year Ending March 2026 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

For the fiscal year ending March 2026, consolidated results recorded net sales of 127,584 million yen (3.1% YoY increase), operating income of 35,273 million yen (28.3% YoY increase), ordinary income of 35,420 million yen (29.8% YoY increase), and net income attributable to owners of parent of 23,311 million yen (22.0% YoY increase). Revenue growth was driven by increased sales in domestic satellite communications within the Space Business and the Space Intelligence Business, while optimized operations in the broadcasting segment of the Media Business contributed to decreased operating expenses, resulting in profit growth. EBITDA was 50.7 billion yen, an increase of 5.0 billion yen compared to the previous fiscal year.

Segment Performance

The Space Business posted operating revenue of 69,839 million yen (7.9% YoY increase) and operating income of 24,144 million yen (9.9% YoY increase), achieving both revenue and profit growth. This was supported by new contracts for communications satellites and orders related to the Ministry of Defense. The Media Business recorded operating revenue of 64,294 million yen (1.9% YoY decrease), but despite lower revenue, operating income significantly increased by 90.1% YoY to 11,908 million yen due to cost reductions in the broadcasting segment.

Financial Position and Cash Flows

Total assets amounted to 407,759 million yen (an increase of 4.3 billion yen YoY), net assets totaled 307,035 million yen (an increase of 22.9 billion yen YoY), and the equity ratio improved to 74.4%. Cash flows from operating activities resulted in an inflow of 53,667 million yen, investing activities recorded an outflow of 76,458 million yen, and financing activities recorded an outflow of 32,281 million yen. Cash and cash equivalents stood at 57,647 million yen.

Outlook

For the fiscal year ending March 2027, consolidated earnings are forecasted with net sales of 135,000 million yen (5.8% YoY increase), operating income of 39,000 million yen (10.6% YoY increase), ordinary income of 39,000 million yen (10.1% YoY increase), and net income attributable to owners of parent of 27,000 million yen (15.8% YoY increase). Dividends are expected to be 48 yen annually, aiming for sustainable growth and strengthening the earnings base.

Subsequent Event Concerning Absorption-Type Merger

Effective April 1, 2026, Sky Perfect JSAT Holdings Inc. merged with its specified subsidiary Sky Perfect JSAT Corporation by absorption, eliminating the dual structure of holding and operating companies. This aims to accelerate management decision-making and enhance corporate value.