SKY Perfect JSAT Holdings (9412) Q2 2027 earnings summary

Executive summary

• H1 FY2027 operating revenue rose 9.9% YoY to ¥66,894 million; operating profit increased 25.8% to ¥21,649 million and parent-attributable profit grew 36.2% to ¥16,033 million, both record highs.

• FY2027 forecasts were raised and the annual dividend outlook increased by ¥4 to ¥52 per share.

Financial highlights

• H1 operating gross profit increased to ¥33,973 million from ¥30,147 million; SG&A declined to ¥12,323 million from ¥12,937 million.

• Ordinary profit rose 25.5% YoY to ¥22,730 million; net profit was ¥16,173 million, compared with parent-attributable profit of ¥16,033 million.

• H1 EBITDA was ¥29.2B versus ¥24.8B YoY; EBITDA is defined as operating income plus depreciation expense.

Outlook and guidance

• FY2027 forecasts: revenue ¥136,000 million, operating and ordinary profit ¥41,500 million each, and parent-attributable profit ¥29,000 million; respective YoY growth rates are 6.6%, 17.7%, 17.2% and 24.4%.

• Forecast increases versus previous guidance were ¥1.0B for revenue, ¥2.5B for operating income and ¥2.0B for net income; forecast basic EPS is ¥102.29.

• Revised segment forecasts: Space revenue ¥72.5B and operating income ¥26.0B; Media revenue ¥69.0B and operating income ¥16.5B. FY2030 targets include revenue ¥185.0B and EBITDA ¥85.0B.