Sky Perfect JSAT Holdings to merge subsidiary, boosts space and media investments

Sky Perfect JSAT Holdings Inc. announced an absorption-type merger agreement with its wholly-owned subsidiary, SKY Perfect JSAT Corporation, effective April 1, 2026. This simplified merger aims to enhance corporate value by accelerating decision-making and improving operational efficiency, eliminating the dual structure of holding and operating companies.

Concurrently, the company reported strong financial performance for the first half of fiscal year 2025, with consolidated net income rising 21% year-on-year to 11.8 bn yen, representing 56% progress toward its full-year forecast of 21.0 bn yen. The Space Business segment achieved an 11% increase in operating income, driven by expanded solution services and strategic national security initiatives. The Media Business also saw significant profit growth, increasing operating income by 22%, attributed to ongoing efficiency improvements, despite an impairment loss of 0.8 bn yen related to connected TV commercialization verification.

The company is committed to increasing the annual dividend per share from 27 yen to 38 yen for the fiscal year ending March 2026. Capital expenditures and business investments for FY2025 are projected at 55.0 bn yen and 15.0 bn yen respectively, with substantial portions allocated to the Space Business for GEO communication satellites and LEO constellation development.