Overview
Information & Communication

SKY Perfect JSAT Holdings Inc.

SKY Perfect JSAT Holdings operates Japan's leading satellite communications and pay-TV platform through two core segments: the Space Business, which provides satellite communication services (data, mobile, and broadband) to government agencies, public institutions, and domestic/international enterprises using geostationary satellites, as well as satellite transponder capacity to multi-channel pay-TV broadcasters and space intelligence services including imagery and geospatial data analytics; and the Media Business, which operates 'SKY PerfecTV!' and 'SKY PerfecTV! Premium Service' offering approximately 70 and 140 pay-TV channels respectively, alongside OTT streaming services (SPOOX), platform services such as subscriber management and advertising for broadcasters, and fiber-optic retransmission services via the NTT network.

Market Cap
¥529B
US$3.37B
EV
¥440B
US$2.81B
Stock¥1,865▼-0.05%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.2
x
LTM EV/EBIT
11.5
x
LTM PER
20.3
x
LTM PBR
1.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+4.0%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Apr 1, 26Merger with SKY Perfect JSAT effective date
2Aug 5, 26Q1 earnings: net profit +50%, operating profit +36%, beat consensus
MC → EV Bridge
529BUS$3.37BMarket Cap26.3BUS$168M+ Debt63.8BUS$407M− Cash53.9BUS$344M− Inv. Sec.3.25BUS$20.7M+ NCI440BUS$2.81BEV
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Performance & Balance
Revenue 5Y (¥B)
120US$763M'22/3121US$773M'23/3122US$777M'24/3124US$789M'25/3128US$814M'26/3
EBITDA 5Y (¥B)
43.5US$277M'23/346.8US$298M'24/345.8US$292M'25/3
Net Income 5Y (¥B)
14.6US$93.0M'22/315.8US$101M'23/317.7US$113M'24/319.1US$122M'25/323.3US$149M'26/3
Capital Structure
92%
EquityD/E 0.09xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
88.0US$562M85.4US$544M'22/399.8US$636M73.5US$469M'23/389.3US$569M65.8US$420M'24/3116US$742M55.2US$352M'25/3127US$807M32.4US$206M'26/3
Shareholders
Top 10 hold 66.4%
1
Itochu Fuji Partners Co., Ltd.
27.01%
2
NTT Docomo Business, Inc.
9.19%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.98%
4
Nippon Television Network Corporation
7.37%
5
TBS HOLDINGS,INC.
6.50%
6
Custody Bank of Japan, Ltd. (Trust Account)
4.47%
7
STATE STREET BANK AND TRUST COMPANY 505019 (Standing Proxy: Mizuho Bank, Ltd.)
1.07%
8
Takahiro YAMAGUCHI
0.99%
9
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.95%
10
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
0.88%
Management
14 officers
Eiichi YONEKURA
Representative Director, Executive Officer, President
Apr 1981 Joined Itochu Corporation (Electrical Plant Department) Apr 2007 General Manager, Plant & Project Business Promotion Department, Itochu Corporation Jul 2008 General Manager, Operations Department, Itochu Corporation Apr 2009 Executive Officer, Itochu Corporation Apr 2011 Managing Executive Officer, Itochu Corporation; President & CEO, Itochu International Inc. Jun 2014 Representative Director, Managing Executive Officer, President of Metals Company, Itochu Corporation Apr 2016 Representative Director, Senior Managing Executive Officer, Itochu Corporation Jun 2018 Representative Director, Vice President, SKY Perfect JSAT Holdings Inc.; Representative Director, Executive Officer, Vice President, Sky Perfect JSAT Corporation (then) Apr 2019 Representative Director, President, SKY Perfect JSAT Holdings Inc.; Representative Director, Executive Officer, President, Sky Perfect JSAT Corporation (then) Apr 2026 Representative Director, Executive Officer, President, SKY Perfect JSAT Holdings Inc. (current); in charge of overall management
1957-09-26
Isao KUBO
Representative Director, Executive Officer, Vice President
Apr 1982 Joined Itochu Corporation Apr 2011 Chief Administrative Officer, General Manager of Corporate Planning Department, and President, Itochu Canada Ltd., Itochu International Inc. Apr 2013 Executive Officer, General Manager of Operations Department, Itochu Corporation Apr 2016 Managing Executive Officer, General Manager of Audit Department, Itochu Corporation Apr 2017 Director, Managing Executive Officer, General Manager of Administration Division, former FamilyMart Co., Ltd. May 2017 Managing Executive Officer, UNY FamilyMart Holdings Co., Ltd. (now FamilyMart Co., Ltd.) Mar 2018 Director, Senior Managing Executive Officer, General Manager of Corporate Planning Division and Head of Overseas Business Division, former FamilyMart Co., Ltd. May 2018 Director, Senior Managing Executive Officer, Head of Corporate Planning Division, UNY FamilyMart Holdings Co., Ltd. (now FamilyMart Co., Ltd.) Sep 2020 Outside Director, Pan Pacific International Holdings Corporation (current) Jun 2021 Full-time Audit & Supervisory Board Member, Itochu Enex Co., Ltd. Jun 2024 General Manager of Corporate Planning Department, SKY Perfect JSAT Holdings Inc.; Executive Officer, Senior Managing Executive Officer, General Manager of Management Division, Sky Perfect JSAT Corporation (then) Apr 2025 Director, Executive Officer, Senior Managing Executive Officer, General Manager of Management Division, Sky Perfect JSAT Corporation (then) Apr 2026 Executive Officer, Vice President, General Manager of Management Division, SKY Perfect JSAT Holdings Inc. Jun 2026 Representative Director, Executive Officer, Vice President, General Manager of Management Division, SKY Perfect JSAT Holdings Inc. (current); in charge of management administration, internal control, Chief Financial Officer, Chief Information Security Officer, and Chief Information Management Officer
1958-10-19
Daisuke NAKAGAWA
Director, Executive Officer, Managing Executive Officer
Apr 1990 Joined Sumitomo Corporation Mar 1996 Seconded to Japan Digital Broadcasting Service Co., Ltd. (now the Company) Apr 2009 Seconded to Sky Perfect JSAT Corporation (then) Apr 2013 Team Leader, Broadcasting & Film Business Division, Sumitomo Corporation May 2015 Joined Sky Perfect JSAT Corporation (then) Jan 2020 General Manager, Business Planning Department, FTTH Business Division, Media Business Unit, Sky Perfect JSAT Corporation Apr 2022 General Manager, New Business Department, Media Business Division, Media Business Unit, Sky Perfect JSAT Corporation Apr 2023 General Manager, FTTH Business Division, Media Business Unit, Sky Perfect JSAT Corporation Apr 2024 Executive Officer, General Manager, FTTH Business Division (Optical Alliance from Jul 2024), and Acting General Manager, Business Strategy Office, Media Business Unit, Sky Perfect JSAT Corporation Apr 2025 Director, Executive Officer, Managing Executive Officer, Head of Media Business Unit, Sky Perfect JSAT Corporation; Representative Director, New CAS Council (General Incorporated Association) May 2025 Outside Director, Nikkatsu Corporation (current) Jun 2025 Director, SKY Perfect JSAT Holdings Inc. Apr 2026 Director, Executive Officer, Managing Executive Officer, Head of Media Business Unit, SKY Perfect JSAT Holdings Inc. (current); in charge of media business
1968-02-24
Teruo YAMASHITA
Director, Executive Officer, Managing Executive Officer
Apr 1996 Joined Tomen Corporation (now Toyota Tsusho Corporation) Feb 2001 Joined JSAT Corporation (now the Company) Jun 2018 Director, JSAT International Inc. Apr 2020 General Manager, Global Business Division, Space Business Unit, Sky Perfect JSAT Corporation (then) Apr 2021 Chairman & CEO, JSAT International Inc. Apr 2022 Executive Officer, General Manager, New Business Division, Space Business Unit, Sky Perfect JSAT Corporation (then) Jul 2022 Outside Director, Space Compass Inc. Jan 2025 Executive Officer, General Manager, Space Solutions Business Division, Space Business Unit, Sky Perfect JSAT Corporation (then) Apr 2025 Director, Executive Officer, Managing Executive Officer, Head of Space Business Unit, Sky Perfect JSAT Corporation (then) Jun 2025 Director, SKY Perfect JSAT Holdings Inc. Apr 2026 Director, Executive Officer, Managing Executive Officer, Head of Space Business Unit, SKY Perfect JSAT Holdings Inc. (current); in charge of space business and Chief Risk Management Officer
1972-05-18
Kimiko OGA
Director
Apr 1977 Joined Nippon Telegraph and Telephone Public Corporation Apr 1991 Assistant Manager, Marketing Department, Service Development Division, Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Jul 2004 General Manager, Information Equipment Department, East Japan Telegraph and Telephone Corporation (now NTT East) Jul 2005 Deputy General Manager, Tokyo Branch, NTT East; Representative Director, President, NTT East-Tokyo Central (now NTT East-Minami Kanto) Jul 2007 Representative Director, Managing Director, NTT Learning Systems Corporation (now NTT ExC Partners Inc.) Jun 2013 Audit & Supervisory Board Member, West Japan Telegraph and Telephone Corporation (now NTT West) Jun 2019 Outside Director, the Company (current) Mar 2020 Outside Director (Audit and Supervisory Committee Member), Broadband Tower, Inc. (current) Apr 2020 Outside Director (Audit and Supervisory Committee Member), Tokyo Suido Co., Ltd. Jun 2020 Outside Audit & Supervisory Board Member, Alconix Corporation Jun 2021 Outside Audit & Supervisory Board Member, J-Power (Electric Power Development Co., Ltd.) Jun 2022 Outside Director (Audit and Supervisory Committee Member), J-Power (current)
1953-10-01
Setsuko AOKI
Director
Apr 1991 Assistant Professor, Faculty of Law, Rikkyo University Oct 1995 Associate Professor, Social Sciences Division, National Defense Academy of Japan Apr 1999 Associate Professor, Faculty of Policy Management, Keio University Apr 2004 Professor, Faculty of Policy Management, Keio University Jan 2007 Member, Information and Communications Council, Ministry of Internal Affairs and Communications Jul 2012 Member, Space Policy Committee, Cabinet Office Apr 2016 Professor, Graduate School of Law and Management, Keio University Feb 2017 Member, Science Council of Japan, Ministry of Education, Culture, Sports, Science and Technology Nov 2017 Member, United Nations Advisory Board on Disarmament Matters Jul 2019 Temporary Member, Industrial Structure Council, Ministry of Economy, Trade and Industry Sep 2020 Chair, Legal Subcommittee, United Nations Committee on the Peaceful Uses of Outer Space Nov 2021 Chair, Expert Panel on Economic Security Legislation, Cabinet Secretariat (current) Aug 2022 Temporary Member, Space Policy Committee, Cabinet Office Jun 2023 Outside Director, the Company (current) Apr 2024 Member, Central Council for Defense Facilities, Ministry of Defense (current) Aug 2024 Member, Space Policy Committee, Cabinet Office (current) Apr 2025 Senior Advisor and Special Professor, Chiba Institute of Technology (current); Recipient of the Medal with Purple Ribbon (for achievements in space law research)
1959-06-01
Kou TOYODA
Director
Apr 1982 Joined Defense Agency (now Ministry of Defense) Dec 1998 Studied at the Royal College of Defence Studies, United Kingdom Jan 2008 Press Secretary, Minister's Secretariat, Ministry of Defense Aug 2009 Deputy Director-General, Secretariat of the Headquarters for International Peace Cooperation, Cabinet Office Sep 2011 Deputy Director-General, Regional Cooperation Bureau, Ministry of Defense Jul 2013 Director-General, Personnel and Education Bureau, Ministry of Defense Jul 2014 Director-General, Minister's Secretariat, Ministry of Defense Jul 2017 Vice-Minister of Defense Nov 2018 Adviser, Ministry of Defense May 2019 Adviser, Sompo Japan Nipponkoa Insurance Inc. (now Sompo Japan Insurance Inc.) (current) Jun 2023 Outside Director, the Company (current)
1958-09-16
Koji TANIGUCHI
Standing Audit & Supervisory Board Member
Apr 1990 Joined Mitsui Engineering & Shipbuilding Co., Ltd. (now Mitsui E&S Co., Ltd.) Nov 2002 Joined Space Communications Corporation (now the Company) Jun 2010 Audit & Supervisory Board Member, SKY Perfect Entertainment Inc. Mar 2011 Audit & Supervisory Board Member, CS Film Broadcasting Co., Ltd. (now CS Japan Inc.) Jul 2012 General Manager, Finance & Accounting Department, the Company; General Manager, Finance & Accounting Department, Sky Perfect JSAT Corporation (then) Dec 2012 Director, DeNA Co., Ltd. Jul 2013 General Manager, Accounting Department, the Company; General Manager, Accounting Department, Sky Perfect JSAT Corporation (then) Jul 2017 Audit & Supervisory Board Member, SKY Perfect Customer Relations Inc. Jun 2018 Director, WAKUWAKU JAPAN Inc. (now the Company) Jul 2018 General Manager, General Affairs Department, the Company; General Manager, General Affairs Department, Sky Perfect JSAT Corporation (then) Jul 2019 General Manager, General Affairs Department and Deputy General Manager, Compliance Promotion Department, Sky Perfect JSAT Corporation Apr 2020 Executive Officer, Deputy Head of Management Division, Sky Perfect JSAT Corporation Apr 2022 General Manager, Cybersecurity Division, Sky Perfect JSAT Corporation Apr 2023 Advisor, Sky Perfect JSAT Corporation Jun 2023 Audit & Supervisory Board Member, the Company (current); Audit & Supervisory Board Member, Sky Perfect JSAT Corporation (then); Audit & Supervisory Board Member, SKY Perfect Customer Relations Inc.
1967-03-27
Masanori UCHIKAWA
Standing Audit & Supervisory Board Member
Apr 1992 Joined Meiji Life Insurance Company (now Meiji Yasuda Life Insurance Company) Dec 1999 Joined Japan Digital Broadcasting Service Co., Ltd. (now the Company) Oct 2008 General Manager, Legal Department, Sky Perfect JSAT Corporation (then) Jun 2011 General Manager, Legal Review Department, the Company; General Manager, Legal Review Department, Sky Perfect JSAT Corporation (then) Jun 2015 Audit & Supervisory Board Member, SKY Perfect Entertainment Inc. Jun 2019 Audit & Supervisory Board Member, Satellite Network Inc. (now the Company) Apr 2020 General Manager, Internal Control Promotion Department, the Company; General Manager, Internal Control Promotion Department, Sky Perfect JSAT Corporation (then) Apr 2025 Senior Manager, Management Division, Sky Perfect JSAT Corporation (then) Jun 2025 Audit & Supervisory Board Member, the Company (current); Audit & Supervisory Board Member, Sky Perfect JSAT Corporation (then)
1969-09-05
Masato HORIUCHI
Director
Apr 1992 Joined Itochu Corporation Apr 2020 Acting General Manager, Information & Telecommunications Division, Itochu Corporation May 2020 Outside Director, Bell System 24 Holdings, Inc. Dec 2020 President & Representative Director, Itochu Interactive Inc. Feb 2021 Vice Chairman, Beijing Xinyi Industrial Investment Consulting Service Co., Ltd. Apr 2023 Outside Director, Ashirion Japan Co., Ltd.; Outside Director, Belong Inc.; Director, Itochu Fuji Partners Co., Ltd. Apr 2024 General Manager, Information & Telecommunications Division, Itochu Corporation; President & Representative Director, Itochu Fuji Partners Co., Ltd. (current); Outside Director, Itochu Techno-Solutions Corporation (current) May 2024 Outside Director, Bell System 24 Holdings, Inc. (current) Apr 2025 Executive Officer, General Manager, Information & Telecommunications Division, Itochu Corporation (current) Jun 2025 Outside Director, the Company (current)
1967-05-27
Gaku SHIBATA
Director
Apr 1987 Joined The Yomiuri Shimbun Co., Ltd. (now The Yomiuri Shimbun Tokyo Head Office Co., Ltd.) Oct 2011 Bureau Chief, Washington Bureau, The Yomiuri Shimbun Tokyo Head Office Dec 2014 Deputy Editor-in-Chief and General Manager, International Department, The Yomiuri Shimbun Tokyo Head Office Jun 2016 Executive Officer, Head of Office of the President (Compliance and Public Relations), The Yomiuri Shimbun Group Holdings, Inc. Jun 2017 Director, Editor-in-Chief, The Yomiuri Shimbun Tokyo Head Office Jun 2019 Managing Director, Chief Editorial Writer, The Yomiuri Shimbun Tokyo Head Office Jun 2020 Director in charge of Osaka, The Yomiuri Shimbun Group Holdings, Inc.; Representative Director, President, The Yomiuri Shimbun Osaka Head Office Jun 2024 Senior Executive Officer (Business Planning, Public Relations, Compliance), Nippon Television Holdings, Inc.; Director, Senior Executive Vice President, Nippon Television Network Corporation Jun 2025 Senior Executive Officer (Management Strategy, Public Relations, Compliance), Nippon Television Holdings, Inc.; Director, Senior Executive Vice President, Nippon Television Network Corporation Jun 2026 Senior Executive Officer (Group Strategy, Management Strategy, Public Relations, Compliance), Nippon Television Holdings, Inc. (current); Director, Senior Executive Vice President, Nippon Television Network Corporation (current); Outside Director, the Company (current)
1963-05-16
Makiko YOSHIDA
Director
Apr 1984 Joined Ministry of Posts and Telecommunications (now Ministry of Internal Affairs and Communications) Jun 2013 Deputy Director-General, Ministry of Economy, Trade and Industry (IT Strategy) Nov 2013 Secretary to the Prime Minister Jul 2015 Director-General, International Strategy Bureau for Information and Communications, Ministry of Internal Affairs and Communications Jun 2016 Administrative Vice-Minister, Ministry of Internal Affairs and Communications Jul 2017 Director-General, Information and Communications Bureau, Ministry of Internal Affairs and Communications Jul 2019 Senior Vice-Minister, Ministry of Internal Affairs and Communications Sep 2020 Government Public Relations Officer, Cabinet Secretariat Jun 2022 President, Japan Association for Local Informatization (General Incorporated Foundation); Outside Director (Audit and Supervisory Committee Member), Tokai Tokyo Securities Co., Ltd. (current) Jun 2023 Independent Outside Director, Sigmaxyz Holdings, Inc. (current) Jun 2024 Independent Outside Director, Fuji Media Holdings, Inc.; Outside Director, Fuji Television Network, Inc. Jun 2026 Outside Director, the Company (current)
1960-09-13
Tsutomu TAKAHASHI
Audit & Supervisory Board Member
Nov 1979 Joined Peat Marwick Mitchell (Certified Public Accountants) Aug 1982 Registered as Certified Public Accountant May 1985 Joined Minato Audit Corporation Oct 1989 Partner, Minato Audit Corporation Jul 1990 Joined Century Audit Corporation (now EY ShinNihon LLC) Mar 1994 Representative Partner, Century Audit Corporation Apr 2000 Director, Audit Corporation Ota Showa & Century (now EY ShinNihon LLC) Jul 2003 Representative Partner, Azsa Audit Corporation (now Azsa LLC) Jan 2004 Director, Head Office, Azsa Audit Corporation Jun 2006 Senior Managing Director, Azsa Audit Corporation Jun 2008 Head, Japanese Practice (International Business Headquarters), Azsa Audit Corporation Jun 2010 Head, Tokyo Office, Azsa Audit Corporation Jul 2013 Deputy Chairman, Azsa LLC Oct 2013 Chairman, KPMG Japan Jun 2019 Outside Audit & Supervisory Board Member, the Company (current); Outside Audit & Supervisory Board Member, Toyota Tsusho Corporation (current) Jun 2020 Outside Director (Audit and Supervisory Committee Member), Mizuho Trust & Banking Co., Ltd.
1957-03-14
Jun OTOMO
Audit & Supervisory Board Member
Apr 1988 Joined Tokyo Broadcasting System, Inc. (now TBS Holdings, Inc.) Jan 2008 Bureau Chief, New York Bureau, TBS International Apr 2016 Deputy Chief, News Division, and Chief Editor, TBS Television, Inc. Jul 2018 Head of Media Planning Office, TBS Television, Inc. Jun 2020 Director, TBS Television, Inc.; Outside Director, WOWOW Inc. (current); Outside Audit & Supervisory Board Member, Premium Platform Japan Inc. Jul 2020 Outside Audit & Supervisory Board Member, the Company (current) Jun 2023 Representative Director, Japan Television Broadcasting Copyright Association (General Incorporated Association) (current) Jun 2024 Managing Director, TBS Television, Inc. (current) Oct 2024 Outside Director, BS-TBS Inc. (current)
1965-04-15
Large Shareholding Reports
ITOCHU-FUJI Partners Co., Ltd.
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Itochu Fuji Partners Co., Ltd.
2026-06-22
25.72%→25.72%
Annual report (as of 2026-03-31): 27.01%
Itochu Fuji Partners Co., Ltd.
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25.72%→25.72%
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Itochu Fuji Partners Co., Ltd.
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Annual report (as of 2026-03-31): 27.01%
Itochu Fuji Partners Co., Ltd.
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Annual report (as of 2026-03-31): 27.01%
NTT Docomo Business, Inc.
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Disclosures
No disclosures
Primary Source Filings
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Quarterly Securities Report
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Quarterly Securities Report
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Quarterly Securities Report
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