[Company analysis] SKY Perfect JSAT Holdings Inc. (スカパーJSATホールディングス)

「SKY Perfect JSAT Holdings Inc. (スカパーJSATホールディングス)」is a holding company of「SKY Perfect JSAT Group」, which is engaged in satellite broadcasting platform business, and general cable broadcasting business. It is also an affiliate company of「Itochu Fuji Partners(伊藤忠・フジ・パートナーズ)」, which is a joint investment with「Itochu Corporation(伊藤忠商事)」and「Fuji Media Holdings(フジ・メディア・ホールディングス)」. The number of consolidated employees is approximately 820.

 

1. Company Profile

2. Summary and Features

3. Major Business

4. Financial Information

 

 

 

1. Company Profile

 

※Unit is JPY million, as of 2019

Company name	SKY Perfect JSAT Holdings Inc.
Company name (Japanese)	スカパーJSATホールディングス
Date of establishment	Thursday, November 10, 1994
Headquarters location	〒107-0052 東京都港区赤坂1-8-1 赤坂インターシティAIR
Capital	10,000
Consolidated sales	164,014
Consolidated operating profit	15,290
Consolidated total assets	376,102
Consolidated capital	224,014
Capital adequacy ratio	59.6%
Consolidated number of employees	820

 

 

 

2. Summary and Features

 
「SKY Perfect JSAT Holdings」conducts telecommunications carrier business centering on satellite infrastructure, and is the largest telecommunications satellite operator in Asia, with operating dozens of communication satellites. As a company that operates communication satellites covering the Asia-Pacific region, North America, and the Caribbean Sea, this company has No.1 sales company in Asia and No.5 in the world.

 

Also, in the Japanese broadcasting field,「SKY Perfect JSAT」is the only pay broadcasting management company. They are engaged in not only satellite broadcasting related business, but also in content management and production business. In the pay channel service business, they are mainly developing in Southeast Asia. This company opened a channel specializing in Japanese content.

 

The characteristic of「SKY Perfect JSAT」is its aggressive business expansion strategy. In particular, this company launched the world's first "4K" specialized channel in cooperation with Japanese broadcasters. In addition to traditional space and satellite businesses, they also provide data and information services suitable for disaster countermeasures to lifeline support companies such as electricity, gas and water.

 

As described above, this company has the unique business model that is combined broadcasting and communications businesses. However, recently, with the emergence of video services via the Internet such as "Youtube", competition in content volume and securring subscriber become intensifying. In the space satellite business, price competition with overseas operators will be harsh.

 

 

 

3. Major Business

 

■ Space business
This company provides a variety of satellite communication services, from internet lines for airplanes and ships to backup lines in case of fire.

■ Media business
They carry out 4K and 8K satellite broadcasting business centering on multi-channel satellite broadcasting "SKY PerfecTV!"

 

 

 

4. Financial information

 

※Unit is JPY million

		2016	2017	2018
Consolidated sales		192,875	145,501	164,014
Consolidated operating profit		24,433	15,652	15,290
Consolidated total assets		359,484	359,343	376,102
Consolidated net assets		213,908	219,634	224,014
Breakdown of sales	Media business	113,479	102,638	98,314
	Space・Satellites business	79,396	42,863	65,700