SKY Perfect JSAT Holdings (9412) AI Stock Analysis

• Market Cap: ¥876.99B
• Dividend Yield: 1.67%
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): 24.1
• Beta (1Y): 0.72
• Revenue Growth: 0.97%
• EPS Growth: 12.23%
• Country: JP
• Employees: 848
• Sector: Communication Services
• Sector Strength: 97
• Industry: Broadcasting
• EPS (TTM): 20.68
• Shares Outstanding: 297,681,270
• 10 Day Avg. Volume: 1,262,510
• 30 Day Avg. Volume: 1,105,306
• PEG Ratio: 1.87
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 2.69
• P/FCF Ratio: 15.98
• 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: ¥3,404.02
• Price Target Upside: 9.98% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 81.82
• Revenue Forecast (FY): ¥127.61B

• Rating: 68 Neutral
• Price Target: ¥3,126.00 ▲(1.00% Upside)
• Action: Downgraded Date: 02/06/26
• Date: Action: Downgraded 02/06/26

The score is driven primarily by strong profitability and a strengthening balance sheet, partially offset by sharply weaker free cash flow conversion. Technicals are supportive but look overextended, and valuation (high P/E with modest yield) further tempers the overall rating.

Positive Factors

Diversified recurring business model

The company combines subscription-based pay-TV and contract-based satellite communications, creating multiple recurring revenue streams. This diversification reduces single-market dependency, supports predictable cash inflows, and aligns revenue with long-lived satellite assets for multi-quarter stability.

Negative Factors

Weak free cash flow conversion

Despite healthy operating cash flow (~¥49.0B TTM), free cash flow collapsed to ~¥2.8B, implying heavy capex or working-capital strain. This materially reduces internal funding for dividends, debt reduction, or strategic investments and increases reliance on external financing during multi-quarter planning.

SKY Perfect JSAT Holdings Business Overview & Revenue Model

Company Description

SKY Perfect JSAT Holdings Inc. provides satellite-based multichannel pay TV and satellite communications services primarily in Asia. The company operates through Media Business and Space Business segments. The Media Business segment offers platfor...

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SKY Perfect JSAT Holdings Inc. provides satellite-based multichannel pay TV and satellite communications services primarily in Asia. The company operates through Media Business and Space Business segments. The Media Business segment offers platfor...

How the Company Makes Money

The company primarily makes money through two core segments: 1) Pay-TV / media (SKY PerfecTV!): Revenue is generated mainly from subscription fees paid by households and other viewing customers for access to multi-channel programming packages del...

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The company primarily makes money through two core segments: 1) Pay-TV / media (SKY PerfecTV!): Revenue is generated mainly from subscription fees paid by households and other viewing customers for access to multi-channel programming packages del...

SKY Perfect JSAT Holdings Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	125.19B	123.72B	121.87B	121.14B	119.63B	139.57B
Gross Profit	60.20B	57.33B	55.18B	52.08B	51.33B	52.52B
EBITDA	49.42B	47.76B	48.39B	45.85B	44.38B	45.36B
Net Income	22.33B	19.11B	17.74B	15.81B	14.58B	13.35B
Balance Sheet
Total Assets	396.77B	403.41B	405.41B	399.06B	378.17B	385.57B
Cash, Cash Equivalents and Short-Term Investments	86.53B	114.52B	114.32B	107.91B	85.91B	73.19B
Total Debt	33.56B	55.15B	65.81B	73.55B	85.35B	90.97B
Total Liabilities	100.64B	119.24B	133.43B	142.24B	135.09B	150.25B
Stockholders Equity	293.48B	281.71B	270.22B	255.42B	241.99B	234.25B
Cash Flow
Free Cash Flow	2.77B	20.80B	27.03B	40.22B	28.13B	45.71B
Operating Cash Flow	48.98B	42.38B	42.40B	57.63B	36.51B	57.95B
Investing Cash Flow	-65.25B	-25.78B	-15.38B	-16.87B	-7.74B	-11.36B
Financing Cash Flow	-32.61B	-16.74B	-21.10B	-19.42B	-16.41B	-16.88B

SKY Perfect JSAT Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3095.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 3095 is above the 20-day moving average (MA) of 2868.75, above the 50-day MA of 2650.86, and above the 200-day MA of 1844.77, indicating a bullish trend. The MACD of 62.94 indicates Positive momentum. The RSI at 61.89 is Neutral, neither overbought nor oversold. The STOCH value of 40.55 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	70 Outperform	¥934.29B	21.98	5.45%	1.30%	4.55%	-7.49%
9414	70 Outperform	¥16.92B	16.20	―	3.04%	-3.50%	-7.58%
9404	69 Neutral	¥811.98B	11.82	6.38%	1.03%	7.90%	54.01%
9412	68 Neutral	¥876.99B	24.11	7.76%	1.67%	0.97%	12.23%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
4839	57 Neutral	¥35.70B	5.84	―	2.17%	1.78%	1067.85%
4676	45 Neutral	¥583.44B	25.92	-2.45%	1.40%	-6.29%	-141.32%