SKY Perfect JSAT Holdings (9412) AI Stock Analysis

• Market Cap: €401.52B
• Dividend Yield: 1.88%
• Average Volume (3M): 898.40K
• Price to Earnings (P/E): 21.1
• Beta (1Y): 0.88
• Revenue Growth: 1.52%
• EPS Growth: 9.29%
• Country: JP
• Employees: 848
• Sector: Services
• Sector Strength: N/A
• Industry: Broadcasting
• EPS (TTM): 16.59
• Shares Outstanding: 297,681,270
• 10 Day Avg. Volume: 708,620
• 30 Day Avg. Volume: 898,400
• PEG Ratio: 9.59
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.97
• 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: €1,446.87
• Price Target Upside: 0.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: ¥1,606.00 ▲(11.61%Upside)

SKY Perfect JSAT Holdings achieves a solid overall stock score due to its strong financial performance, characterized by robust margins and a stable balance sheet. While technical analysis shows bullish momentum, overbought signals suggest caution. The stock's high P/E ratio and moderate dividend yield reflect potential overvaluation, impacting its attractiveness. The absence of recent earnings call insights or significant corporate events limits further evaluation.

SKY Perfect JSAT Holdings Business Overview & Revenue Model

Company Description

SKY Perfect JSAT Holdings Inc. is a leading satellite operator in Japan and a prominent player in the global satellite communications industry. The company provides a wide array of services, including satellite broadcasting, communications, and data services. It operates through two main segments: Media Business and Space Business. The Media Business segment offers multi-channel pay TV services under the brand SKY PerfecTV!, while the Space Business segment focuses on satellite communication services, offering solutions to both domestic and international clients.

How the Company Makes Money

SKY Perfect JSAT Holdings generates revenue through its two primary business segments. The Media Business segment earns money by providing subscription-based multi-channel pay TV services under its SKY PerfecTV! brand. This includes revenue from individual customers subscribing to various packages as well as pay-per-view services. The Space Business segment makes money by offering satellite communication services, which include leasing satellite transponders to telecommunications companies, broadcasting networks, and government agencies. Additionally, the company engages in satellite-based data services, supporting enterprise and government operations. Key revenue streams include subscription fees, transponder lease fees, and service charges for data communication. Significant partnerships with telecommunications providers and broadcasters bolster its revenue generation capabilities.

SKY Perfect JSAT Holdings Financial Statement Overview

Summary

Overall, SKY Perfect JSAT Holdings presents a commendable financial position with steady revenue growth, strong margins, and an improving balance sheet. The company showcases effective operational management, though it faces challenges in sustaining free cash flow growth. Its financial health is generally robust, yet continuous focus on enhancing cash flow and shareholder returns could further strengthen its standing.

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
EBITDA	47.76B	46.78B	43.56B	44.37B	43.35B
Net Income	19.11B	17.74B	15.81B	14.58B	13.35B
Balance Sheet
Total Assets	403.41B	405.41B	399.06B	378.17B	385.57B
Cash, Cash Equivalents and Short-Term Investments	114.52B	114.32B	107.91B	85.91B	73.19B
Total Debt	55.15B	65.81B	73.55B	85.35B	90.96B
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: 1439.00
• 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 1439 is above the 20-day moving average (MA) of 1394.65, above the 50-day MA of 1336.76, and above the 200-day MA of 1068.75, indicating a bullish trend. The MACD of 24.63 indicates Negative momentum. The RSI at 63.56 is Neutral, neither overbought nor oversold. The STOCH value of 78.68 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
9401	74 Outperform	$815.89B	18.43	4.19%	1.36%	3.14%	17.57%
9412	73 Outperform	€401.52B	21.12	6.87%	1.88%	1.52%	9.29%
Sector *	72 Outperform	¥231.16B	19.11	15.37%	2.37%	6.03%	218.60%
9404	71 Outperform	¥851.47B	18.02	4.82%	1.20%	9.06%	34.40%
9413	69 Neutral	¥101.16B	16.58		2.15%	4.88%	-9.60%
9409	69 Neutral	$288.64B	11.31	5.86%	1.06%	4.01%	34.90%
4676	54 Neutral	$823.57B	14.53	-2.38%	1.36%	-2.77%	-158.28%

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.