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SKY Perfect JSAT Holdings
(9412)
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Rating:62Neutral
Price Target:
¥2,475.00
▲(11.84% Upside)
Action:Reiterated
Date:08/09/26
The score is primarily supported by strong and improving fundamentals—especially profitability and a conservative balance sheet. Offsetting this are weak technicals (price below key moving averages and negative MACD) and a relatively high P/E, while deteriorating free cash flow is the key fundamental risk to monitor.
Positive Factors
Profitability improvement
Sustained margin expansion across gross, EBIT and net lines indicates structural improvement in cost control and/or favorable business mix. Higher operating profitability increases internal funding capacity for capex and satellite programs and supports durable earnings power even with slow top-line growth.
Negative Factors
Deteriorating free cash flow
Negative free cash flow despite healthy operating cash suggests heavy investment or working-capital strain. If sustained, this weakens self-funding for satellite capex, may force external financing, and raises execution risk for long-term projects dependent on internal cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability improvement
Sustained margin expansion across gross, EBIT and net lines indicates structural improvement in cost control and/or favorable business mix. Higher operating profitability increases internal funding capacity for capex and satellite programs and supports durable earnings power even with slow top-line growth.
Read all positive factors
SKY Perfect JSAT Holdings (9412) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥652.57B
Dividend Yield1.76%
Average Volume (3M)1.11M
Price to Earnings (P/E)26.1
Beta (1Y)0.82
Revenue Growth6.58%
EPS Growth32.95%
CountryJP
Employees769
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)91.86
Shares Outstanding297,681,270
10 Day Avg. Volume1,262,510
30 Day Avg. Volume1,105,306
Financial Highlights & Ratios
PEG Ratio1.60
Price to Book (P/B)2.70
Price to Sales (P/S)6.43
P/FCF Ratio123.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,389.33Price Target Upside98.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)98.11
Revenue Forecast (FY)¥136.53B
SKY Perfect JSAT Holdings Business Overview & Revenue Model
Company Description
SKY Perfect JSAT Holdings (9412) is a Japanese communications and broadcasting group that operates multi-channel pay TV services and provides satellite-based communications services. Through its subsidiaries, the company is involved in satellite b...
How the Company Makes Money
The company primarily makes money through two major business areas: (1) Broadcasting-related revenue and (2) Space/satellite communications-related revenue. In broadcasting, it earns ongoing subscription and service-related fees tied to multi-chan...
SKY Perfect JSAT Holdings Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 131.15B | 127.58B | 123.72B | 121.87B | 121.14B | 119.63B |
| Gross Profit | 65.52B | 62.88B | 57.33B | 55.18B | 52.08B | 51.33B |
| EBITDA | 53.61B | 51.25B | 47.76B | 48.39B | 45.85B | 44.38B |
| Net Income | 26.04B | 23.31B | 19.11B | 17.74B | 15.81B | 14.58B |
Balance Sheet | ||||||
| Total Assets | 401.57B | 407.76B | 403.41B | 405.41B | 399.06B | 378.17B |
| Cash, Cash Equivalents and Short-Term Investments | 63.81B | 77.80B | 114.52B | 114.32B | 107.91B | 85.91B |
| Total Debt | 26.28B | 32.36B | 55.15B | 65.81B | 73.55B | 85.35B |
| Total Liabilities | 92.10B | 100.72B | 119.24B | 133.43B | 142.24B | 135.09B |
| Stockholders Equity | 306.21B | 303.55B | 281.71B | 270.22B | 255.42B | 241.99B |
Cash Flow | ||||||
| Free Cash Flow | -4.29B | 6.67B | 20.80B | 27.03B | 40.22B | 28.13B |
| Operating Cash Flow | 55.10B | 53.67B | 42.38B | 42.40B | 57.63B | 36.51B |
| Investing Cash Flow | -69.81B | -76.46B | -25.78B | -15.38B | -16.87B | -7.74B |
| Financing Cash Flow | -25.65B | -32.28B | -16.74B | -21.10B | -19.42B | -16.41B |
SKY Perfect JSAT Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥897.92B | 18.59 | 4.88% | 1.38% | 5.12% | 6.10% | |
69 Neutral | ¥730.93B | 11.09 | 5.71% | 1.52% | 2.95% | 30.61% | |
68 Neutral | ¥16.46B | 13.68 | ― | 3.04% | -0.04% | -16.54% | |
62 Neutral | ¥652.57B | 26.05 | 7.95% | 1.90% | 6.58% | 32.95% | |
62 Neutral | ¥26.93B | 21.99 | ― | 2.17% | -0.76% | 145.93% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | ¥590.13B | 41.64 | 0.88% | 3.00% | 8.80% | ― |
* Communication Services Sector Average
JP:9412
SKY Perfect JSAT Holdings
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.