SKY Perfect JSAT Holdings (9412) AI Stock Analysis

• Market Cap: ¥336.63B
• Dividend Yield: 2.3%
• Average Volume (3M): 1.02M
• Price to Earnings (P/E): 17.6
• Beta (1Y): 0.86
• Revenue Growth: 1.52%
• EPS Growth: 9.29%
• Country: JP
• Employees: 848
• Sector: Services
• Sector Strength: N/A
• Industry: Broadcasting
• EPS (TTM): 67.43
• Shares Outstanding: 297,681,270
• 10 Day Avg. Volume: 614,640
• 30 Day Avg. Volume: 1,023,210
• PEG Ratio: 8.11
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.04
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥1,447.11
• Price Target Upside: 21.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

The overall score of 76 reflects the company's robust financial performance with steady revenue growth and strong operational efficiency. Technical indicators suggest positive momentum, though potential overbought conditions warrant caution. Valuation is reasonable, offering moderate attractiveness. Improvements in cash flow sustainability and shareholder returns could enhance the stock's appeal.

SKY Perfect JSAT Holdings Business Overview & Revenue Model

Company Description

SKY Perfect JSAT Holdings Inc. (9412) is a leading satellite operator and provider of satellite-based communication and broadcasting services in Japan and the Asia-Pacific region. The company operates through two main business segments: Media and Space. The Media segment focuses on providing multi-channel pay TV services under the brand name 'SKY PerfecTV!', offering a wide range of entertainment content including sports, movies, and international channels. The Space segment involves satellite communications services, which include data transmission and satellite-based internet connectivity solutions for various industries, including maritime, aviation, and government sectors.

How the Company Makes Money

SKY Perfect JSAT Holdings generates revenue through its two core business segments: Media and Space. In the Media segment, the company earns money primarily from subscription fees paid by customers for its 'SKY PerfecTV!' services. This includes basic subscription packages, premium channels, and on-demand content. Advertising revenues from its channels also contribute to this segment's earnings. In the Space segment, the company earns revenue from leasing satellite transponders and providing satellite communication services. This includes contracts with telecommunications companies, broadcasters, and other enterprises requiring satellite capacity. The company also engages in strategic partnerships and collaborations with technology firms, government agencies, and other satellite operators to enhance its service offerings and expand its market reach.

SKY Perfect JSAT Holdings Financial Statement Overview

Summary

SKY Perfect JSAT Holdings presents a solid financial position with consistent revenue growth and strong margins, though it faces challenges in sustaining free cash flow growth. The balance sheet is stable with a good equity ratio and decreasing debt reliance, but there's potential for improving shareholder returns.

Income Statement

SKY Perfect JSAT Holdings shows a strong financial performance with consistent revenue growth over the past years. In 2025, revenue grew by 1.52% from the previous year. The company maintains healthy profit margins, with a gross profit margin of approximately 46.32% and a net profit margin of roughly 15.44% in 2025. EBITDA and EBIT margins are also robust, indicating efficient operations. Nonetheless, the slight decline in revenue in prior years suggests some volatility in sales.

Balance Sheet

The company's balance sheet demonstrates stability with a favorable equity ratio of about 69.81% in 2025, indicating strong equity financing. The debt-to-equity ratio has improved over the years, showing decreased reliance on debt. Return on equity stands at 6.78% in 2025, reflecting decent profitability from shareholders' equity, but there is room for improvement to enhance shareholder returns.

Cash Flow

Cash flow analysis reveals solid cash management with a consistent generation of free cash flow. The operating cash flow to net income ratio remains healthy, suggesting efficient cash earnings. However, the free cash flow growth rate was negative in 2025, highlighting potential concerns in cash flow sustainability, though the overall cash position is strong.

Breakdown
Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
123.72B	121.87B	121.14B	119.63B	139.57B
	Gross Profit
57.33B	55.18B	52.08B	51.33B	52.52B
	EBIT
27.49B	26.55B	22.32B	18.86B	19.15B
	EBITDA
47.76B	46.78B	43.56B	44.37B	43.35B
	Net Income Common Stockholders
19.11B	17.74B	15.81B	14.58B	13.35B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
114.52B	114.32B	107.91B	85.91B	73.19B
	Total Assets
403.41B	405.41B	399.06B	378.17B	385.57B
	Total Debt
55.15B	65.81B	73.55B	85.35B	90.96B
	Net Debt
-23.40B	15.48B	-1.37B	18.44B	40.76B
	Total Liabilities
119.24B	133.43B	142.24B	135.09B	150.25B
	Stockholders Equity
281.71B	270.22B	255.42B	241.99B	234.25B
Cash Flow		Free Cash Flow
20.80B	27.03B	40.22B	28.13B	45.71B
	Operating Cash Flow
42.38B	42.40B	57.63B	36.51B	57.95B
	Investing Cash Flow
-25.78B	-15.38B	-16.87B	-7.74B	-11.36B
	Financing Cash Flow
-16.74B	-21.10B	-19.42B	-16.41B	-16.88B

SKY Perfect JSAT Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1188.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9412, the sentiment is Positive. The current price of 1188 is above the 20-day moving average (MA) of 1149.85, above the 50-day MA of 1127.82, and above the 200-day MA of 941.91, indicating a bullish trend. The MACD of 18.41 indicates Negative momentum. The RSI at 57.15 is Neutral, neither overbought nor oversold. The STOCH value of 54.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9412.

SKY Perfect JSAT Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6758	79 Outperform	$22.01T	19.09	14.32%	0.52%	9.56%	26.52%
9432	77 Outperform	$13.14T	12.89	9.84%	2.98%	3.22%	-4.93%
9412	76 Outperform	¥336.63B	17.62	6.87%	2.30%	1.52%	9.29%
9433	76 Outperform	$10.32T	15.33	13.04%	2.67%	1.71%	-4.87%
6702	73 Outperform	¥6.10T	27.41	11.70%	0.82%	-5.48%	-11.96%
9984	59 Neutral	$11.31T	9.90	10.28%	0.52%	5.38%	―
Sector *	58 Neutral	$967.12M	6.66	2.23%	3.92%	10.92%	-79.06%

SKY Perfect JSAT Holdings Corporate Events

SKY Perfect JSAT Announces Strategic Organizational Restructuring

SKY Perfect JSAT Holdings Inc. announced significant organizational changes and personnel transfers within its subsidiary, SKY Perfect JSAT Corporation, effective April 1, 2025. These changes aim to streamline operations, improve efficiency, and foster innovation across its Corporate Administration, Media, and Space Business Units. The restructuring includes the integration of various divisions to enhance multi-skilled personnel and the establishment of new divisions to focus on strategic business planning and technology development, particularly in the space and media sectors. The reorganization is expected to strengthen the company’s market positioning and operational capabilities.