SKY Perfect JSAT Holdings (9412) Q1 2027 earnings summary

Executive summary

• Consolidated net income rose 49.6% year-over-year to ¥8.2B, with both Space and Media businesses progressing as planned.

• Revenue increased 12% year-over-year to ¥33.4B for Q1 FY2026.

• Operating income grew 36% to ¥10.9B, and ordinary profit rose 38.3% to ¥11.4B.

• EBITDA reached ¥14.7B, up 24.1% year-over-year.

• Comprehensive income reached ¥9.2B, up 9.0% year-over-year.

Financial highlights

• Revenue: ¥33.4B (+12% YoY); Net income: ¥8.2B (+49.6% YoY); Operating income: ¥10.9B (+36% YoY); EBITDA: ¥14.7B (+24.1% YoY).

• Basic earnings per share for the quarter was ¥29.02, compared to ¥19.41 a year earlier.

• Total assets stood at ¥401.6B as of June 30, 2026, with net assets at ¥309.5B.

• Equity-to-asset ratio improved to 76.3% from 74.4% at the previous fiscal year-end.

• Both Space and Media segments contributed to revenue and profit growth.

Outlook and guidance

• FY2026 revenue forecast: ¥135.0B (+5.8% YoY); Net income forecast: ¥27.0B (+15.8% YoY); EBITDA forecast: ¥54.0B.

• Operating and ordinary profit both projected at ¥39.0B, up 10.6% and 10.1% respectively.

• Annual dividend forecast raised to ¥48.00 per share for the fiscal year ending March 31, 2027.

• Space Business expected to drive growth, especially in National Security and Space Intelligence.

• Media Business targets growth via Fiber-optic Alliance, offsetting declines in Broadcasting.