Income Statement SKY Perfect JSAT Corporation

Stocks

9412

JP3396350005

Wireless Telecommunications Services

Market Closed - Japan Exchange Other stock markets 14:30:00 10/07/2026 HKT			5-day change	1st Jan Change
2,530.00 ^JPY	-1.79%		-8.53%	+26.88%

07-03	Sky Perfect JSAT's Profit Soars on Space Boom
07-02	SKY Perfect JSAT Logs Net Subscriber Decline in June	MT

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Published financial data: SKY PERFECT JSAT CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	120B	121B	122B	124B	128B
Total Revenues	120B	121B	122B	124B	128B
Cost of Goods Sold, Total	68.3B	69.06B	66.69B	66.4B	64.7B
Gross Profit	51.33B	52.08B	55.18B	57.33B	62.88B
Selling General & Admin Expenses, Total	32.45B	29.76B	28.64B	29.84B	27.61B
Provision for Bad Debts	15M	-	-	-	-
Other Operating Expenses, Total	32.47B	29.76B	28.64B	29.84B	27.61B
Operating Income	18.86B	22.32B	26.55B	27.49B	35.27B
Interest Expense, Total	-1.06B	-1.5B	-1.9B	-1.54B	-876M
Interest And Investment Income	1.5B	1.71B	2.26B	2.13B	2.58B
Net Interest Expenses	436M	211M	358M	591M	1.7B
Income (Loss) On Equity Invest.	242M	-68M	-310M	-1.15B	-2.15B
Currency Exchange Gains (Loss)	101M	58M	173M	-42M	24M
Other Non Operating Income (Expenses)	664M	661M	360M	399M	563M
EBT, Excl. Unusual Items	20.3B	23.19B	27.13B	27.29B	35.42B
Gain (Loss) On Sale Of Investments	-105M	11M	-869M	646M	341M
Gain (Loss) On Sale Of Assets	230M	-	-	-	-
Asset Writedown	-155M	-74M	-	-	-852M
Other Unusual Items	-1M	-	-	-	-1M
EBT, Incl. Unusual Items	20.27B	23.12B	26.26B	27.94B	34.91B
Income Tax Expense	5.5B	7.02B	8.1B	8.44B	11.25B
Earnings From Continuing Operations	14.78B	16.1B	18.16B	19.5B	23.65B
Net Income to Company	14.78B	16.1B	18.16B	19.5B	23.65B
Minority Interest	-196M	-290M	-416M	-396M	-343M
Net Income - (IS)	14.58B	15.81B	17.74B	19.11B	23.31B
Net Income to Common Incl Extra Items	14.58B	15.81B	17.74B	19.11B	23.31B
Net Income to Common Excl. Extra Items	14.58B	15.81B	17.74B	19.11B	23.31B
Per Share Items
Net EPS - Basic	49.52	54.44	61.69	67.43	82.25
Basic EPS - Continuing Operations	49.52	54.44	61.69	67.43	82.25
Basic Weighted Average Shares Outstanding	294M	290M	288M	283M	283M
Net EPS - Diluted	49.52	54.44	61.69	67.43	82.25
Diluted EPS - Continuing Operations	49.52	54.44	61.69	67.43	82.25
Diluted Weighted Average Shares Outstanding	294M	290M	288M	283M	283M
Normalized Basic EPS	42.44	48.9	57.51	58.8	76.9
Normalized Diluted EPS	42.44	48.9	57.51	58.8	76.9
Dividend Per Share	18	20	21	27	42
Payout Ratio	36.53	33.04	34.25	32.6	42.52
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	41.9B	43.56B	46.78B	45.77B	50.74B
EBITA	19.74B	22.39B	26.55B	27.49B	35.27B
EBIT	18.86B	22.32B	26.55B	27.49B	35.27B
Effective Tax Rate - (Ratio)	27.12	30.37	30.86	30.19	32.24
Total Current Taxes	-	8.14B	-	-	-
Total Deferred Taxes	-	-1.12B	-	-	-
Normalized Net Income	12.49B	14.2B	16.54B	16.66B	21.79B
Non-Cash Pension Expense	157M	153M	165M	166M	120M
Supplemental Operating Expense Items
Advertising Expense	9.26B	-	6.71B	6.61B	5.26B
Selling and Marketing Expenses	9.63B	-	7B	6.91B	5.65B
Research And Development Expense From Footnotes	387M	-	153M	104M	112M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	66.92B	108B	50.32B	78.55B	72.8B
Short Term Investments	19B	3.63B	64B	35.96B	5B
Total Cash And Short Term Investments	85.91B	112B	114B	115B	77.8B
Accounts Receivable, Total	110B	108B	100B	92.7B	85.93B
Other Receivables	445M	-	510M	-	-
Notes Receivable	2.83B	-	4.4B	6.63B	3.85B
Total Receivables	113B	108B	105B	99.33B	89.78B
Inventory	1.78B	1.81B	2.77B	2.99B	1.75B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	5.16B	7.18B	9.24B	11.72B	17.27B
Total Current Assets	206B	229B	231B	229B	187B
Gross Property Plant And Equipment	-	357B	-	-	-
Accumulated Depreciation	-	-242B	-	-	-
Net Property Plant And Equipment	119B	115B	111B	115B	151B
Long-term Investments	24.19B	37.8B	41.26B	41.22B	58.5B
Goodwill	67M	-	-	-	-
Other Intangibles, Total	5.07B	4.29B	4.6B	5.4B	5.63B
Loans Receivable Long-Term	14.37B	-	9.44B	3.89B	-
Deferred Tax Assets Long-Term	8.99B	10.15B	7.54B	9.16B	5.81B
Other Long-Term Assets, Total	2M	2.56B	3M	2M	2M
Total Assets	378B	399B	405B	403B	408B
Liabilities
Accounts Payable, Total	137M	13.97B	162M	82M	61M
Accrued Expenses, Total	621M	629M	698M	643M	610M
Current Portion of Long-Term Debt	13.71B	10.57B	10.79B	23.02B	8.65B
Current Income Taxes Payable	14.21B	5.8B	14.92B	14.76B	17.94B
Unearned Revenue Current, Total	10.85B	25.9B	21.95B	21.15B	20.75B
Other Current Liabilities	12.17B	7.2B	11.68B	10.18B	12.4B
Total Current Liabilities	51.7B	64.08B	60.2B	69.84B	60.42B
Long-Term Debt	71.64B	62.98B	55.02B	32.13B	23.71B
Pension & Other Post Retirement Benefits	6.59B	6.54B	6.44B	5.68B	5B
Deferred Tax Liability Non Current	855M	1.1B	1.42B	2.02B	2.35B
Other Non Current Liabilities	4.3B	7.54B	10.36B	9.57B	9.24B
Total Liabilities	135B	142B	133B	119B	101B
Common Stock, Total	10.08B	10.08B	10.13B	10.17B	10.17B
Additional Paid In Capital	132B	132B	132B	132B	132B
Retained Earnings	104B	114B	126B	139B	152B
Treasury Stock	-3B	-2.92B	-7.92B	-7.92B	-7.88B
Comprehensive Income and Other	-734M	2.02B	10.04B	8.53B	16.87B
Total Common Equity	242B	255B	270B	282B	304B
Minority Interest	1.09B	1.4B	1.76B	2.46B	3.48B
Total Equity	243B	257B	272B	284B	307B
Total Liabilities And Equity	378B	399B	405B	403B	408B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	290M	290M	283M	283M	283M
ECS Total Common Shares Outstanding	290M	290M	283M	283M	283M
Book Value / Share	833.58	879.33	953.98	994.18	1.07K
Tangible Book Value	237B	251B	266B	276B	298B
Tangible Book Value Per Share	815.88	864.57	937.73	975.13	1.05K
Total Debt	85.35B	73.55B	65.81B	55.15B	32.36B
Net Debt	-563M	-37.99B	-48.51B	-59.36B	-45.44B
Debt Equivalent of Unfunded Proj. Benefit Obligation	6.59B	6.54B	6.44B	5.68B	5B
Minority Interest, Total (Incl. Fin. Div)	1.09B	1.4B	1.76B	2.46B	3.48B
Account Code - Inventory Valuation	-	3	-	-	-
Inventories - Raw Materials, Total	208M	-	148M	194M	257M
Inventories - Work In Process, Total	176M	349M	77M	883M	170M
Inventories - Finished Goods, Total	1.39B	-	2.54B	1.91B	1.32B
Inventories - Others	-	1.46B	-	-	-
Land - (BS)	-	2.92B	-	-	-
Buildings, Total	-	22.35B	-	-	-
Machinery, Total	-	295B	-	-	-
Full Time Employees	841	848	848	819	769
Accumulated Allowance for Doubtful Accounts (Supple)	162M	88M	84M	73M	102M

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	20.28B	15.81B	26.26B	27.94B	34.91B
Depreciation & Amortization - CF	22.16B	21.16B	20.23B	18.28B	15.46B
Amortization of Goodwill and Intangible Assets - (CF)	878M	67M	-	-	-
Depreciation & Amortization, Total	23.04B	21.23B	20.23B	18.28B	15.46B
(Gain) Loss From Sale Of Asset	-75M	-	-	-	852M
(Gain) Loss on Sale of Investments - (CF)	96M	224M	869M	-	73M
Asset Writedown & Restructuring Costs	-	74M	-	-	-
(Income) Loss On Equity Investments - (CF)	-242M	68M	310M	1.15B	2.15B
Provision and Write-off of Bad Debts	-	2.6B	-	-	-
Other Operating Activities, Total	-8.35B	9.6B	-8.38B	-8.8B	-7.27B
Change In Accounts Receivable	4.35B	-261M	4.62B	4.14B	4.12B
Change In Inventories	1.58B	-429M	-9M	-220M	1.1B
Change In Accounts Payable	-16M	783M	-3.9B	1.09B	-660M
Change in Unearned Revenues	-	8.29B	-	-	-
Change in Other Net Operating Assets	-4.14B	-353M	2.4B	-1.2B	2.94B
Cash from Operations	36.51B	57.63B	42.4B	42.38B	53.67B
Capital Expenditure	-6.15B	-15.98B	-13.47B	-21.58B	-47B
Cash Acquisitions	-37M	-	-3.62B	-7.3B	-3.45B
Divestitures	1.18B	-	-	416M	-
Sale (Purchase) of Intangible assets	-2.22B	-1.44B	-1.9B	-2.38B	-3.11B
Investment in Marketable and Equity Securities, Total	-3.08B	-2.62B	-234M	176M	-29.18B
Net (Increase) Decrease in Loans Originated / Sold - Investing	2.2B	3.24B	3.85B	4.7B	6.27B
Other Investing Activities, Total	374M	-80M	0	184M	9M
Cash from Investing	-7.74B	-16.87B	-15.38B	-25.78B	-76.46B
Long-Term Debt Issued, Total	-	-	1B	-	-
Total Debt Issued	-	-	1B	-	-
Long-Term Debt Repaid, Total	-7.78B	-14.14B	-10.89B	-11B	-22.98B
Total Debt Repaid	-7.78B	-14.14B	-10.89B	-11B	-22.98B
Issuance of Common Stock	-	-	-	200M	-
Repurchase of Common Stock	-3.01B	-	-5.04B	-	-
Common Dividends Paid	-5.33B	-5.22B	-6.08B	-6.23B	-9.91B
Common & Preferred Stock Dividends Paid	-5.33B	-5.22B	-6.08B	-6.23B	-9.91B
Other Financing Activities, Total	-289M	-59M	-92M	281M	607M
Cash from Financing	-16.4B	-19.42B	-21.1B	-16.74B	-32.28B
Foreign Exchange Rate Adjustments	355M	657M	492M	338M	-355M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1.44B
Net Change in Cash	12.72B	22B	6.41B	194M	-56.87B
Supplemental Items
Cash Interest Paid	1.07B	1.21B	1.91B	1.74B	1.06B
Cash Income Tax Paid (Refund)	8.43B	4.54B	8.38B	8.76B	7.44B
Levered Free Cash Flow	22.56B	32.6B	16.53B	10.87B	-2.96B
Unlevered Free Cash Flow	23.22B	33.54B	17.72B	11.83B	-2.41B
Change In Net Working Capital	3.23B	-15.77B	3.73B	-321M	-10.19B
Net Debt Issued / Repaid	-7.78B	-14.14B	-9.89B	-11B	-22.98B

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	3.09	3.59	4.12	4.25	5.44
Return on Total Capital	3.6	4.24	4.97	5.07	6.5
Return On Equity %	6.18	6.44	6.87	7.01	8
Return on Common Equity	6.12	6.36	6.75	6.92	7.97
Margin Analysis
Gross Profit Margin %	42.91	42.99	45.28	46.33	49.29
SG&A Margin	27.13	24.56	23.5	24.12	21.64
EBITDA Margin %	35.02	35.96	38.38	37	39.77
EBITA Margin %	16.5	18.48	21.78	22.22	27.65
EBIT Margin %	15.77	18.43	21.78	22.22	27.65
Income From Continuing Operations Margin %	12.35	13.29	14.9	15.76	18.54
Net Income Margin %	12.19	13.05	14.56	15.44	18.27
Net Avail. For Common Margin %	12.19	13.05	14.56	15.44	18.27
Normalized Net Income Margin	10.44	11.72	13.57	13.47	17.08
Levered Free Cash Flow Margin	18.86	26.91	13.56	8.79	-2.32
Unlevered Free Cash Flow Margin	19.41	27.68	14.54	9.56	-1.89
Asset Turnover
Asset Turnover	0.31	0.31	0.3	0.31	0.31
Fixed Assets Turnover	0.95	1.03	1.08	1.09	0.96
Receivables Turnover (Average Receivables)	1.05	1.11	1.17	1.28	1.43
Inventory Turnover (Average Inventory)	26.65	43.26	29.14	23.08	27.32
Short Term Liquidity
Current Ratio	3.99	3.57	3.84	3.27	3.09
Quick Ratio	3.8	3.43	3.57	2.97	2.71
Operating Cash Flow to Current Liabilities	0.71	0.9	0.7	0.61	0.89
Days Sales Outstanding (Average Receivables)	346.33	329.88	312.87	284.3	255.51
Days Outstanding Inventory (Average Inventory)	13.69	8.44	12.56	15.81	13.36
Average Days Payable Outstanding	1.79	71.31	38.23	0.67	0.41
Cash Conversion Cycle (Average Days)	358.24	267.01	287.2	299.44	268.46
Long Term Solvency
Total Debt/Equity	35.11	28.64	24.2	19.41	10.54
Total Debt / Total Capital	25.99	22.26	19.48	16.25	9.54
LT Debt/Equity	29.47	24.52	20.23	11.31	7.72
Long-Term Debt / Total Capital	21.81	19.06	16.29	9.47	6.99
Total Liabilities / Total Assets	35.72	35.64	32.91	29.56	24.7
EBIT / Interest Expense	17.79	14.91	13.99	17.88	40.27
EBITDA / Interest Expense	39.53	29.1	24.66	29.78	57.92
(EBITDA - Capex) / Interest Expense	33.72	18.42	17.56	15.74	4.26
Total Debt / EBITDA	2.04	1.69	1.41	1.2	0.64
Net Debt / EBITDA	-0.01	-0.87	-1.04	-1.3	-0.9
Total Debt / (EBITDA - Capex)	2.39	2.67	1.98	2.28	8.66
Net Debt / (EBITDA - Capex)	-0.02	-1.38	-1.46	-2.45	-12.16
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-14.29	1.26	0.6	1.52	3.12
Gross Profit, 1 Yr. Growth %	-2.28	1.46	5.95	3.88	9.69
EBITDA, 1 Yr. Growth %	-3.35	3.95	7.4	-2.15	10.85
EBITA, 1 Yr. Growth %	-1.45	13.42	18.56	3.55	28.32
EBIT, 1 Yr. Growth %	-1.51	18.35	18.91	3.55	28.32
Earnings From Cont. Operations, 1 Yr. Growth %	9.97	8.95	12.76	7.42	21.29
Net Income, 1 Yr. Growth %	9.25	8.44	12.2	7.71	22.01
Normalized Net Income, 1 Yr. Growth %	-1.05	13.65	16.46	0.74	30.81
Diluted EPS Before Extra, 1 Yr. Growth %	10.24	9.93	13.31	9.32	21.97
Accounts Receivable, 1 Yr. Growth %	-5.68	-2.09	-7.66	-7.33	-7.3
Inventory, 1 Yr. Growth %	-47.02	31.04	52.73	7.99	-41.45
Net Property, Plant and Equip., 1 Yr. Growth %	-11.05	-3.16	-3.55	3.5	31.28
Total Assets, 1 Yr. Growth %	-1.92	5.52	1.59	-0.49	1.08
Tangible Book Value, 1 Yr. Growth %	3.82	6	5.77	4.03	7.82
Common Equity, 1 Yr. Growth %	3.3	5.55	5.79	4.25	7.75
Cash From Operations, 1 Yr. Growth %	-37	57.86	-26.42	-0.07	26.65
Capital Expenditures, 1 Yr. Growth %	-46.23	159.59	-15.66	60.15	117.83
Levered Free Cash Flow, 1 Yr. Growth %	-43.74	28.4	-49.3	-34.24	-127.24
Unlevered Free Cash Flow, 1 Yr. Growth %	-43.21	28.72	-47.17	-33.22	-120.4
Dividend Per Share, 1 Yr. Growth %	0	11.11	5	28.57	55.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-7.41	-6.84	0.93	1.06	2.32
Gross Profit, 2 Yr. CAGR %	1.98	-0.42	3.69	4.91	6.75
EBITDA, 2 Yr. CAGR %	3.05	0.23	5.66	2.51	4.15
EBITA, 2 Yr. CAGR %	10.59	5.73	15.96	10.8	15.27
EBIT, 2 Yr. CAGR %	11.17	7.96	18.63	10.97	15.27
Earnings From Cont. Operations, 2 Yr. CAGR %	10.92	9.47	10.84	10.06	14.14
Net Income, 2 Yr. CAGR %	10.1	8.84	10.3	9.93	14.63
Normalized Net Income, 2 Yr. CAGR %	11.38	6.05	15.05	8.31	14.79
Diluted EPS Before Extra, 2 Yr. CAGR %	10.58	10.09	11.61	11.3	15.47
Accounts Receivable, 2 Yr. CAGR %	19.93	-3.71	-4.91	-7.5	-7.32
Inventory, 2 Yr. CAGR %	-81.09	14.64	41.47	28.43	-20.48
Net Property, Plant and Equip., 2 Yr. CAGR %	-8.57	-7.19	-3.36	-0.09	16.56
Total Assets, 2 Yr. CAGR %	-0.03	1.73	3.54	0.54	0.29
Tangible Book Value, 2 Yr. CAGR %	3.93	4.92	5.89	4.89	5.91
Common Equity, 2 Yr. CAGR %	3.02	4.42	5.67	5.02	5.99
Cash From Operations, 2 Yr. CAGR %	12.43	-0.27	7.77	-14.25	12.5
Capital Expenditures, 2 Yr. CAGR %	-40.25	18.15	47.96	16.22	86.78
Levered Free Cash Flow, 2 Yr. CAGR %	240.37	-9.82	-19.31	-42.26	-57.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	174.2	-9.43	-17.54	-40.6	-63.09
Dividend Per Share, 2 Yr. CAGR %	0	5.41	8.01	16.19	41.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-9.98	-4.6	-4.42	1.13	1.74
Gross Profit, 3 Yr. CAGR %	-0.87	1.81	1.66	3.75	6.48
EBITDA, 3 Yr. CAGR %	2.7	3.35	2.57	2.99	5.22
EBITA, 3 Yr. CAGR %	6.88	11.53	9.84	11.67	16.36
EBIT, 3 Yr. CAGR %	7.24	13.51	11.5	13.37	16.47
Earnings From Cont. Operations, 3 Yr. CAGR %	15.96	10.27	10.56	9.69	13.68
Net Income, 3 Yr. CAGR %	14.62	9.54	9.95	9.43	13.82
Normalized Net Income, 3 Yr. CAGR %	5.62	12.13	9.41	10.06	15.35
Diluted EPS Before Extra, 3 Yr. CAGR %	14.96	10.37	11.16	10.84	14.75
Accounts Receivable, 3 Yr. CAGR %	11.2	12.24	-5.04	-5.73	-7.43
Inventory, 3 Yr. CAGR %	-62.61	-66.56	-6.19	29.29	-1.15
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.84	-6.8	-5.99	-1.12	9.43
Total Assets, 3 Yr. CAGR %	0.18	1.79	1.69	2.18	0.72
Tangible Book Value, 3 Yr. CAGR %	3.79	4.62	5.2	5.26	5.86
Common Equity, 3 Yr. CAGR %	3.02	3.86	4.88	5.2	5.92
Cash From Operations, 3 Yr. CAGR %	12.13	25.9	-9.89	5.09	-2.35
Capital Expenditures, 3 Yr. CAGR %	-31.7	-2.5	5.59	51.92	43.29
Levered Free Cash Flow, 3 Yr. CAGR %	120.37	155.83	-25.57	-24.63	-55.05
Unlevered Free Cash Flow, 3 Yr. CAGR %	95.11	121.45	-24.33	-23.14	-58.4
Dividend Per Share, 3 Yr. CAGR %	0	3.57	5.27	14.47	28.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-9.11	-	-5.77	-2.38	-1.78
Gross Profit, 5 Yr. CAGR %	-3.79	-	0.93	3.04	3.66
EBITDA, 5 Yr. CAGR %	-2.21	-	3.87	3.01	3.2
EBITA, 5 Yr. CAGR %	-4.85	-	10.42	11.24	11.98
EBIT, 5 Yr. CAGR %	-5.04	-	11.66	12.49	12.99
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.61	-	13.89	10.18	11.98
Net Income, 5 Yr. CAGR %	-3.49	-	12.88	9.7	11.8
Normalized Net Income, 5 Yr. CAGR %	-4.94	-	9.29	10.59	11.53
Diluted EPS Before Extra, 5 Yr. CAGR %	-3.32	-	13.61	10.74	12.86
Accounts Receivable, 5 Yr. CAGR %	9.41	-	4.53	3.89	-5.96
Inventory, 5 Yr. CAGR %	-46.46	-	-39.44	-42.99	-12.19
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.04	-	-5.46	-4.17	2.45
Total Assets, 5 Yr. CAGR %	1.02	-	1.51	1.29	1.13
Tangible Book Value, 5 Yr. CAGR %	3.54	-	4.63	4.73	5.48
Common Equity, 5 Yr. CAGR %	2.82	-	4.07	4.32	5.32
Cash From Operations, 5 Yr. CAGR %	39.03	-	10.36	7.97	-1.52
Capital Expenditures, 5 Yr. CAGR %	-14.18	-	-6.95	4.6	32.65
Levered Free Cash Flow, 5 Yr. CAGR %	16.47	-	50.97	41.05	-40.61
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.79	-	41.47	30.82	-43.22
Dividend Per Share, 5 Yr. CAGR %	0	-	3.13	8.45	18.47