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Securities Code : 9412 SKY Perfect JSAT Corporation Fiscal Q1 2026 Presentation Material For the 3 - month period ended June 30 , 2026 August 6 , 2026 SKY Perfect JSAT Corporation . All Rights Reserved . SKY Perfect JSAT Group
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SKY Perfect JSAT Corporation. All Rights Reserved. Disclaimer 2 The forecasts, strategies, management policies, targets and other statements contained in this presentation that are not historical facts are forward-looking statements. These statements are based on information currently available to the Company and certain assumptions that the Company considers reasonable as of the date of this presentation. These forward-looking statements involve various risks and uncertainties. Actual results and achievements may differ materially from those expressed or implied by these statements due to various factors, including economic conditions, market trends, the competitive environment, laws and regulations, business investments, information security, the procurement and operation of communications satellites, and the business viability of the Broadcasting & Video Streaming Business. Information contained in this presentation regarding parties other than the Company and its Group has been prepared based on publicly available information and other sources. The Company does not guarantee the accuracy, completeness, or appropriateness of such information. Except as required by applicable laws and regulations, the Company assumes no obligation to update or revise any forward-looking statements contained in this presentation.
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SKY Perfect JSAT Corporation. All Rights Reserved. Financial Highlight 3 Both Space and Media Business Progressed as Planned Consolidated Net Income Up 50% YoY to ¥8.2B ＜Space Business＞ Expansion of National Security field, Including the Ministry of Defense “Satellite Constellation Project” ＜Media Business＞ Steady Revenue and Profit Growth Driven by the Expansion of the Fiber-optic Alliance Business
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Consolidated Financial Results Fiscal Q1 FY2026
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SKY Perfect JSAT Corporation. All Rights Reserved. Consolidated Earnings Results 5 *EBITDA = “Operating Income + Depreciation Expense” Revenue Growth Achieved in Both Space Business and Media Business as Planned ー Revenue and Income Both Up YoY: Revenue of ¥33.4B, Net Income of ¥8.2B (in Billions of ¥) FY2025 Q1 FY2026 Q1 Change Rate (%) FY2026 Forecast Achievement (%) Revenue 29.8 33.4 +3.6 135.0 24.7% Operating Income 8.0 10.9 +2.9 39.0 27.9% Net Income (Profit attributable of owners of the parent) 5.5 8.2 +2.7 27.0 30.5% EBITDA* 11.8 14.7 +2.9 54.0 27.2% +12.0% +36.0% +49.6% +24.1%
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SKY Perfect JSAT Corporation. All Rights Reserved. (in Billions of ¥) FY2025 Q1 (Post- reclassification*3) FY2026 Q1 Change Rate (%) Major factors of change [YoY] Revenue*1 14.5 17.5 +3.0 (Revenue +3.0) • Space Intelligence Business +2.2 • Global & Mobility Area +0.5 • Yen appreciation +0.3 (Operating Expense +1.8) • Cost increase associated with revenue growth +1.5 • Depreciation expense +0.1 Operating Expense 9.2 11.1 +1.8 Operating Income*1 5.3 6.4 +1.1 Segment Profit*2 3.6 4.6 +1.0 *1. Including inter-segment transactions *2. Segment Profit is calculated based on Net Income after tax *3. Due to an organizational change, Video Network-related Service has been transferred from Space Business to Media Business and ispresented accordingly. Earnings Overview: Space Business +20.7% +20.1% +21.8% +27.3% Revenue and Income Growth Driven by the Expansion of the Space Intelligence Business, Including the Ministry of Defense “Satellite Constellation Project” 6
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SKY Perfect JSAT Corporation. All Rights Reserved. Earnings Overview: Media Business (in Billions of ¥) FY2025 Q1 (Post- reclassification*4) FY2026 Q1 Change Rate (%) Major factors of change [YoY] Revenue 16.9 17.3 +0.4 (Revenue +0.4) • Viewing fees, commission revenues and basic fees (0.6) • Optical Re-transmission Service related revenue*3 +1.1 (Operating Expense (1.3)) • Termination of Bundesliga broadcasting and distribution (0.5) • Expenses related to CTV Business (0.2) • Customer Service and Administrative Expenses(0.2) • Depreciation Expense (0.1) Operating Expense 14.0 12.6 (1.3) Operating Income*1 2.9 4.7 +1.7 Segment Profit*2 2.0 3.3 +1.3 Revenue and Income Growth Driven by Price Revisions and Growth in Subscribing Households of Optical Re-transmission Service Further Progress in Operational Optimization, with Operating Margin Improving from 17% to 27% +2.4% (9.6%) +59.3% +62.4% *1. Including inter-segment transactions *2. Segment Profit is calculated based on Net Income after tax *3. Optical re-transmission service revenue (Name changed from FTTH revenue) and installation revenue for TV and fiber-optic connections in the Fiber-optic Alliance Business *4. Due to an organizational change, Video Network-related Service has been transferred from Space Business to Media Business and ispresented accordingly. 7
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SKY Perfect JSAT Corporation. All Rights Reserved. Strong Operating Cash flow Enables Aggressive Execution of Planned Investments, Including the Acquisition of the “HYLAS 3” Satellite Funds will be Raised Through External Borrowings as Needed, Depending on Market Conditions and Financial Position (in Billions of ¥) FY2025 Q1 FY2026 Q1 FY2026 Forecast Net Cash from Operating activities 15.2 16.7 54.0 Net Cash from Investing activities (25.3) (18.6) (47.0) (CAPEX + Business Investment) (6.0) (18.4) (70.0) Free Cash Flows* (10.0) (2.0) +7.0 Net Cash from Financing activities (19.4) (12.8) (23.0) *Free Cash Flows =Net Cash from Operating activities + Net Cash from Investing activities Consolidated Cash Flows Consolidated Financial Position Consolidated Cash Flows and Consolidated Financial Position (in Billions of ¥) FY2025 result FY2026 Q1 FY2026 Forecast Assets (Cash and Equivalents) 407.8 57.6 401.6 43.0 413.0 42.0 Liabilities (Interest-bearing Debt) 100.7 32.4 92.1 26.3 93.0 22.0 Shareholders' equity 286.7 288.4 300.0 8
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Space Business 9
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SKY Perfect JSAT Corporation. All Rights Reserved. Progress in National Security Field 10 cumulative ¥20B or more / 10 years Securing commercial rights in East Asia from FY2027 ahead of JSAT-31 and JSAT-32 operations to enhance our Ka/Ku multi-band service capabilities and expand revenue Image of HYLAS 3 to be operated as JSAT-144D Full-scale Entry into the National Security Ka-band* Communications Market through Acquisition of the “HYLAS 3” Satellite • High-capacity communications enabled by broad Ka-band bandwidth • Wide-area services through multi-spot beams • Flexible coverage based on demand ■ Competitive Advantages Enhancement of Revenue Base ■ Strategy *Ka-band enables the use of wide bandwidths, making it well suited for high-capacity communications for mobile platforms such as ships and aircraft. Ka-band Revenue Target in National Security
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SKY Perfect JSAT Corporation. All Rights Reserved. Ground Facilities Strategy Supporting Business Expansion 11 Planned site of Space Port Kumamoto Architectural rendering of the new station building of Yokohama Satellite Control Center Our facilities Partner facilities • Enhancement of ground stations in line with the expansion of our satellite fleet … Superbird-9/JSAT-31/JSAT-32/JSAT-144D (HYLAS 3) Total Investment （FY2024 - FY2030） ¥40B or more *Investment amount for land, building annexes, and antenna equipment 6 ⇒ 7 Sites (New Facility in Kumamoto Pref.) + expansion of existing sites Number of Facilities Site Area (ha) 14 ha ⇒ 23 ha • Development of ground stations for our Earth observation satellite operations … “Pelican” • Satellite operation services … Ministry of Defense/JAXA/iQPS and others • Ground station services … JAXA/NASA/ispace • Global coverage through business partnerships … KSAT ■ Service Expansion through Ground Station Utilization ■ Ground Facility Expansion Enhancement of Revenue Base Innovation in Strategic Businesses Challenge into New Business Fields Enhancement of Revenue Base Innovation in Strategic Businesses Challenge into New Business Fields
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Media Business 12
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SKY Perfect JSAT Corporation. All Rights Reserved. Media Solution Business 13 5.7 7.2 7.5 FY2024 FY2025 FY2026 FY2030 （in Billions of ¥） ■ Revenue (Post-reclassification*) ・・・ CAGR approx. 8% Technology Technical Expertise in Broadcasting and Streaming Track Record Extensive Track Record in Video Transmission, including Live Event Broadcasting ■ Competitive Advantages Driving Revenue Growth by Leveraging the SKY PerfecTV! Tokyo Media Center’s Assets for Streaming Platforms Revenue Target: ¥7.5B in FY2026 → ¥10B in FY2030 Facilities Leveraging High-Quality Facilities without Significant Capital Investment ■ Use Cases ・Streaming service platforms such as DAZN and ABEMA ・Sports and Entertainment-related businesses ・Public racing channel operators ・Other organizations ¥10B or more Enhancement of Revenue Base Innovation in Strategic Businesses *Figures reflect the reclassification associated with the transfer of certain services from the Space Business to the Media Business implemented in FY2026.
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References The documents below are available at the link (underlined). • SKY Perfect JSAT Guide :Management strategy, business overview. • Summary of Operating and Financial Results • Financial Highlights (XLS downloads) • Integrated Report • IR event materials
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SKY Perfect JSAT Corporation. All Rights Reserved. Dialogue with Capital Markets (From April to July 2026) 15 Actions to Enhance Corporate Value Analysts, Investors and Shareholders Representative Director/CFO Corporate Communications & Investor Relations Div. Board of Directors Quarterly IR Activities Reporting Main Topics and Areas of Interest • Stock price overheating, sharp decline, and increase in PER • Reliability of earnings guidance and achievability of the Vision for FY2030 • Competition with Low Earth Orbit communication services and growth outlook for the Global & Mobility Area • Civilian demand, overseas expansion, and execution risks in the Space Intelligence Business • Impact of price increases in the Fiber-optic Alliance Business and prospects for the Media Solution Business • Further concretization of growth strategies beyond FY2030, taking into account the background behind the rise in share prices of space-related companies and factors contributing to the recent decline. • Exhibitions at SPEXA 2026, SPACETIDE 2026, and other industry events ✓ • Improvement of website accessibility ★ • Enhanced participation in domestic and international conferences ★ • Considering of hosting a SKY PerfecTV! Tokyo Media Center tour ★ 1-on-1 Meetings: 91 Broker-Hosted Meetings:2 Conference for overseas investors: 1 Individual Investor Briefings: 1 General Meeting of Shareholders Scenes from the Annual General Meeting of Shareholders Scenes from the Investor Presentation ✓ Completed ★ Planned for Q2
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SKY Perfect JSAT Corporation. All Rights Reserved. Vision for FY2030 16 [Reference] Presentation Material For FY2025 (in Billions of ¥) (Post-reclassification*1) *1. Post-reclassification figures are used for FY2024 and FY2025 to assess the underlying growth of Both Businesses. FY2024 FY2025 FY2026 Forecast Revenue 123.7 127.6 135.0 185.0 Space 61.9 65.8 72.5 123.0 (of which, National Security) 10.0 13.9 20.0 50.0 Connectivity Business 57.5 59.3 60.3 80.0 (of which, National Security) 6.3 7.8 8.4 20.0 Space Intelligence Business 3.8 6.4 12.0 38.0 (of which, National Security) 3.6 6.1 11.3 25.0 New Business Fields 0.6 0.1 0.2 6.0 (of which, National Security) 0.1 0.1 0.2 5.0 Media 68.3 67.9 68.0 66.0 Broadcasting Business (including Media Solution Business, New Business Fields and Others) 56.3 53.9 51.0 46.0 Fiber-optic Alliance Business 12.0 14.0 17.0 20.0 Segment Profit Net Profit base 19.1 23.3 27.0 35.0 Space 14.7 15.3 17.0 25.0 Connectivity Business 14.0 16.4 15.2 11.0 Space Intelligence Business 2.0 1.7 3.2 13.0 New Business Fields (1.3) (2.8) (1.4) 1.0 Media 4.9 8.5 10.5 10.0 Broadcasting Business (including Media Solution Business, New Business Fields and Others) 4.2 7.3 8.0 6.0 Fiber-optic Alliance Business 0.7 1.2 2.5 4.0 EBITDA*2 *2. EBITDA: Operating Income + Depreciation Expense 45.8 50.7 54.0 85.0 Space 33.6 34.1 36.9 70.0 Media 12.9 17.4 19.1 18.5
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SKY Perfect JSAT Corporation. All Rights Reserved. Main Progress on Sustainability Initiatives 17 ・Developing a GHG emissions reduction target aligned with the Paris AgreementEnvironment Social Governance ・Streamlined 9 materiality themes and 20 materialities into 5 materialities Materiality ・Revised HR systems to foster and empower talent driving transformation and enhanced capability development programs ・Established a Health Management Strategy Map (clarifying health management goals and policies based on our health-related issues) ・Continuously enhancing board effectiveness ・Advanced management with awareness of cost of capital and share price performance (Investment management and enhanced IR activities) *For details, please refer to the Sustainability section of our corporate website.<https://www.skyperfectjsat.space/sustainability/?lang=en> *FY2025 ESG data was disclosed in July 2026. (Certain data will be disclosed in August 2026.) <https://www.skyperfectjsat.space/sustainability/library/data_e/?lang=en> Achieved Carbon Neutrality for FY2025 Scope1 and Scope2 emissions (July 2026) Continuously Selected the Global ESG Investment Index “FTSE4Good Index Series” (July 2026)
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SKY Perfect JSAT Corporation. All Rights Reserved. Financial Forecast for FY2026 18 *EBITDA: Operating Income + Depreciation Expense (in Billions of ¥) FY2025 Results FY2026 Forecast Change (%) Revenue 127.6 135.0 +5.8％ Operating Income 35.3 39.0 +10.6％ Ordinary Income 35.4 39.0 +10.1％ Net Income 23.3 27.0 +15.8％ EBITDA* 50.7 54.0 +6.4％ (Profit attributable of owners of the parent) [Repost] Presentation Material For FY2025
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SKY Perfect JSAT Corporation. All Rights Reserved. Financial Forecast for FY2026 by Segment 19 Revenue and Income Growth targeted through Expansion of Fiber-optic Alliance Business, offsetting the decline in Broadcasting Business Revenue and Income Growth are Expected, Primarily Driven by Growth in the National Security Field *From FY2026, Video Network-related Service is Transferred to Media Business (in Billions of ¥) FY2025 Results FY2025 Post-reclassification figures*1 (a) FY2026 Forecast (b) Revenue 127.6 127.6 135.0 +7.4 Space 69.8 65.8 72.5 +6.7 Media 64.3 67.9 68.0 +0.1 Operating Income 35.3 35.3 39.0 +3.7 Space 24.1 23.1 25.5 +2.4 Media 11.9 13.0 15.0 +2.0 Segment Profit *Net profit base 23.3 23.3 27.0 +3.7 Space 16.1 15.3 17.0 +1.7 Media 7.7 8.5 10.5 +2.0 *1. The post-reclassification figures (approximate) are used for FY2025 to assess the underlying growth of both businesses. Media Business Space Business [Repost] Presentation Material For FY2025
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SKY Perfect JSAT Corporation. All Rights Reserved. FY2026 Year-on-Year Comparison by Segment (Post-reclassification*3) FY2026 Q1 [YoY] Major factors of change Q1 Space Revenue*1 17.5 [+3.0] Domestic Communications Area +0.0 Broadcasting Area (0.1) Global & Mobility Area +0.9 Space Intelligence Business +2.2 Operating Expense 11.1 [+1.8] Cost increase associated with revenue growth +1.5 Depreciation expense +0.1 Orbital Lasers Corporation (0.2) Operating Income*1 6.4 [+1.1] Segment Profit*2 4.6 [+1.0] Media Revenue*1 17.3 [+0.4] Viewing fees, commission revenues and basic fees (0.6) Optical Re-transmission Service revenue +1.0 Operating Expense 12.6 [(1.3)] Termination of Bundesliga broadcasting and distribution (0.5) Advertising expenses and Promotion expenses (0.0) Depreciation expense (0.1) Operating Income*1 4.7 [+1.7] Segment Profit*2 3.3 [+1.3] (in Billions of ¥) *1. Including inter-segment transactions *2. Segment Profit is calculated based on Net Income after tax *3. Due to an organizational change, Video Network-related Service has been transferred from Space Business to Media Business andis presented accordingly. 20
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SKY Perfect JSAT Corporation. All Rights Reserved. 14.9 (25%) 14.2 (23%) 13.8 (21%) 11.0 (17%) 10.6 (15%) 29.9 (50%) 30.2 (48%) 30.9 (48%) 31.5 (48%) 34.1 (49%) 12.4 (21%) 16.1 (26%) 17.7 (27%) 18.5 (29%) 18.7 (27%) 2.4 (4%) 1.6 (3%) 2.3 (4%) 3.8 (6%) 6.4 (9%)59.5 62.2 64.7 64.7 69.8 FY2021 FY2022 FY2023 FY2024 FY2025 Revenue Composition ratio in Space Business ■ Broadcasting Area ■ Domestic Communications Area ■ Global & Mobility Area ■ Space Intelligence Business *Revenue composition ratio of FY2021 was recalculated by replacing a part of earth observation imagery sales from Domestic into Space Intelligence Business. *Space Intelligence Business” changed the name of the “New Business” starting from the Q1 FY2024. *From October 2025 onward, revenue recognition for certain optical-related businesses within Space Intelligence Business was changed from net basis to gross basis. *The figures (FY2025 and prior) do not reflect the reclassification associated with the transfer of certain services from the Space Business to the Media Business implemented in FY2026. 21 (in Billions of ¥)
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SKY Perfect JSAT Corporation. All Rights Reserved. 58.6 (83%) 56.1 (82%) 53.7 (81%) 50.6 (78%) 46.7 (72%) 9.1 (13%) 9.6 (14%) 10.0 (15%) 12.0 (18%) 14.0 (22%) 2.7 (4%) 3.1 (4%) 2.8 (4%) 2.9 (4%) 3.6 (6%) 70.4 68.7 66.5 65.5 64.3 FY2021 FY2022 FY2023 FY2024 FY2025 Revenue Composition ratio in Media Business 22 *From this presentation, the classification of disclosure items has been changed. *The figures (FY2025 and prior) do not reflect the reclassification associated with the transfer of certain services from the Space Business to the Media Business implemented in FY2026. [Change] Revenue classification (in Billions of ¥) ■ Broadcasting Video Streaming Business & Others ■ Fiber-optic Alliance Business ■ Media Solution Business
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SKY Perfect JSAT Corporation. All Rights Reserved. Consolidated Balance Sheet (End of June 2026) 307.0 309.5 40.3 38.1 60.4 54.0 407.8 401.6 Assets End of March 2026 End of June 2026 Liabilities and Net Assets End of March 2026 End of June 2026 64.3 63.6 5.6 5.4 151.2 162.4 186.6 170.1 407.8 401.6 (in Billions of ¥) (in Billions of ¥) 23 Current assets Property, Plant and Equipment Intangible assets Investments and other assets Current liabilities Net assetsLong-term liabilities
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SKY Perfect JSAT Corporation. All Rights Reserved. Earnings Results of Major Subsidiaries (FY2026 Q1) （in Billions of ¥） SJC (former SJH) former SJC* SPET JII JMC Consolidated Total （Inc. other Consolidated Subsidiaries) Business Description Provision of Broadcasting Platform and satellite communications Licensed broadcaster providing multichannel pay TV services Sale of satellite connections in North America and Asia-Pacific A provider of mobile satellite communications services - Share（%） 100.0 100.0 100.0 53.3 - Revenue FY2025 Q1 0.9 27.7 2.9 1.6 1.4 29.8 FY2026 Q1 30.9 - 2.6 1.9 1.7 33.4 Operating Income FY2025 Q1 0.6 7.4 0.3 0.5 0.2 8.0 FY2026 Q1 9.8 - 0.2 0.8 0.2 10.9 Ordinary Income FY2025 Q1 0.7 8.5 0.3 0.6 0.2 8.2 FY2026 Q1 11.4 - 0.2 1.0 0.2 11.4 SJC: SKY Perfect JSAT Corporation (Former SKY Perfect JSAT Holdings) SPET: SKY Perfect Entertainment Corporation JII：JSAT International Inc. JMC：JSAT MOBILE Communications Inc. *Effective April 1, 2026, the Company absorbed SKY Perfect JSAT Corporation, its former consolidated subsidiary, through an absorption-type merger and changed its corporate name to SKY Perfect JSAT Corporation. 24
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SKY Perfect JSAT Corporation. All Rights Reserved. FY2026 Investment Plan and Depreciation Expense Plan 25 （in Billions of ¥） Investment Plan FY2025 Q1* FY2026 Q1 FY2026 Plan ① CAPEX 7.0 14.4 64.0 Space Business 5.9 14.0 60.0 Media Business 1.0 0.4 4.0 Others 0 0 0 ② Business investment 0 0.8 6.0 ①＋② Investment Total 7.0 15.2 70.0 Depreciation Expense Plan FY2025 Q1* FY2026 Q1 FY2026 Plan Depreciation Expense 3.8 3.8 15.4 Space Business 2.7 2.8 11.4 Media Business 1.1 1.0 4.1 Others 0.1 0.1 0 *FY2025 figures are actual results and do not reflect the reclassification associated with the transfer of certain services from the Space Business to the Media Business implemented in FY2026.
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SKY Perfect JSAT Corporation. All Rights Reserved. Capital Allocation for FY2025 - FY2027 26 JPY13.3B*1 JSAT-31/32, Superbird-9 Ground stations, Expansion of premises Broadcast equipment LEO Satellite Constellation Fiber-optic Alliance Business Dividend Repurchase of treasury stock Space Compass Start-up Investment Net Cash from Operating activities JPY165B Increase in Interest- bearing Debt JPY15B Use of cash on hand JPY80B FY2025 - FY2027 Plan FY2026 Plan *1. On a payment basis *2. The total amount of the FY2026 plan disclosed in the FY2025 Full-Year Financial Results Briefing Materials was incorrect and has been corrected to approximately ¥83.0 billion in this presentation. JPY50B JPY10B JPY10B IN OUT OUT Total approx. JPY260B Total approx.*2 JPY83BTotal approx. JPY260B Enhancement of Revenue Base JPY140B Innovation in Strategic Businesses JPY60B Challenge into New Business Fields JPY20B Shareholder Returns JPY37B* or more JPY220B JPY70B [Repost] Presentation Material For FY2025
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SKY Perfect JSAT Corporation. All Rights Reserved. FY2025 Q1 FY2026 Q1 Annual Target For FY2026 New Subscribers (IC cards or chips) 12.2 11.7 45.1 Net Increase (IC cards or chips) - SKY PerfecTV! - SKY PerfecTV! Premium Service - SKY PerfecTV! Premium Service Hikari (1.9) (0.8) (1.0) (0.1) (4.0) (2.8) (1.1) (0.1) (8.6) (3.6) (4.7) (0.3) Cumulative number of subscribers (IC cards or chips) - SKY PerfecTV! - SKY PerfecTV! Premium Service - SKY PerfecTV! Premium Service Hikari 258.3 195.0 57.3 6.0 241.4 183.7 52.1 5.6 236.8 183.0 48.5 5.4 Cumulative number of contractors (contracts) 199.4 184.6 176.1 Number of subscribing households of Optical Fiber Based Re-transmission service 288.7 299.3 307.8 (in 10 Thousands) Annual Target of Subscribers 27 *For detailed monthly subscriber data, please refer to the Group website. Home > Investor Relations > Financial and Business Data > Monthly Trends < https://www.skyperfectjsat.space/ir/financial_data/month_count?lang=en >
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SKY Perfect JSAT Corporation. All Rights Reserved. SKY PerfecTV! Number of New Subscribers & Churns 116 100 98 177 112 5 3 2 7 4 1 1 1 1 1 122 104 101 185 117 FY2025 Q1 Q2 Q3 Q4 FY2026 Q1 Numbers of Churn (IC cards or chips) Note: All figures represent the total of SKY PerfecTV! services. Number of New Subscribers (IC cards or chips) 141 162 193 162 157 5.4% 6.2% 7.4% 6.2% 6.4% FY2025 Q1 Q2 Q3 Q4 FY2026 Q1 *The churn rate is calculated by dividing the total number of cancellations for each quarter by the cumulative number of subscribers at the end of the previous fiscal year. Churn rate* (Quarterly) Numbers of Churn (in Thousands)■ ■ ■ 28 (in Thousands) (in Thousands)
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SKY Perfect JSAT Corporation. All Rights Reserved. 63 66 62 74 65 0 20 40 60 80 100 120 FY2025 Q1 Q2 Q3 Q4 FY2026 Q1 Optical Fiber Based Re-transmission Service Number of Subscribing Households & Churns Numbers of Churn Numbers of Churn (in Thousands) Churn rate* (Quarterly) (in Thousands) 37 35 38 44 42 1.3% 1.2% 1.3% 1.5% 1.4% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 1.8% 0 10 20 30 40 50 60 70 80 90 100 FY2025 Q1 Q2 Q3 Q4 FY2026 Q1 Number of New Subscribing Households (in Thousands) *The churn rate is calculated by dividing the total number of cancellations for each quarter by the cumulative number of subscribers at the end of the previous fiscal year. 29
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SKY Perfect JSAT Corporation. All Rights Reserved. 379 379 379 379 379 3,022 3,058 3,032 3,009 3,094 3,400 3,437 3,411 3,388 3,474 FY2025 Q1 Q2 Q3 Q4 FY2026 Q1 Average Monthly Contractor’s Payment*1 (¥) Revenue Recognition 30% (Commission Revenues) Revenue Recognition 50% (Viewing fees revenues) Deducting Cost of Program provision Revenue Recognition 50% (Viewing fees revenues) Deducting Cost of Program provision *1. Average monthly Contractor’s payments made by contractors such as Basic fees and Viewing fees.The monthly unit price is based on the contractor’s viewing fees. *2. Basic fees and set-top box rental fees. ■ Viewing fees ■ Basic fees and other*2 426 426 426 426 426 3,097 3,105 3,036 2,999 3,104 3,523 3,531 3,462 3,425 3,530 FY2025 Q1 Q2 Q3 Q4 FY2026 Q1 783 778 775 771 766 4,136 4,133 4,113 4,104 4,143 4,919 4,911 4,887 4,876 4,909 FY2025 Q1 Q2 Q3 Q4 FY2026 Q1 30
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SKY Perfect JSAT Corporation. All Rights Reserved. Total Subscribers Acquisition Cost (SAC) 31 (in Millions of ¥) 587 532 622 777 513 499 387 511 1,720 529 1,086 920 1,133 2,498 1,042 FY2025 Q1 Q2 Q3 Q4 FY2026 Q1 ■ Advertising expenses: advertising expense for various media ■ Promotion cost & Campaign cost : Costs for SKY PerfecTV! subscriber acquisition, sales incentives and customer center operation.
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SKY Perfect JSAT Corporation. All Rights Reserved. A total of 17 satellites covering areas from North America to the Indian Ocean The contractual backlog as of March 31, 2026 is ¥ 197.9billion. (As of July 2026) JCSAT-85 *1 (85°E) Superbird-B3 (162°E) J C S AT-110R *2 (110°E) *BS/CS Hybrid satellite JCSAT-2B (154°E)J C S AT-110A (110°E) Horizons 3e *1 (169°E) * HTS Horizons-2 *1 (74°W) J C S AT-1C *3 (150°E) *HTSJ C S AT-17 (136°E) J C S AT-3A (128°E) J C S AT-9 (132°E) J C S AT-4B (124°E) Horizons-4 *1 (127°W) J C S AT-5B (132°E） Horizons-1 *1 (150°W) J S AT-144C (144°E) Superbird-9 * Scheduled for launch in 2028 * HTS（Software-defined satellite） JSAT-31 * Scheduled for launch in 2029 * HTS（Software-defined satellite ） JSAT-32 * Scheduled for launch in 2027 LEO Earth Observation Satellite（10 satellites） GEO Communications Satellite LEO Earth Observation Satellite (Scheduled for Launch) Space-based optical telescope Scheduled for launch after 2026 JAXA ETS-9 ride-share payload *1 *2 *3 Joint satellite with SES Joint satellite with Kacific Joint satellite with BSAT GEO Communications Satellite (HTS) GEO Communications Satellite (Scheduled for Launch) * Scheduled for launch beginning in 2027 * Optical Satellite 32 JSAT-136E (136°E) J S AT-144D * Scheduled to begin operations in early FY2027 Satellite Fleet Update
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SKY Perfect JSAT Corporation. All Rights Reserved. List of Satellites 33 Number of Satellites in Possession: 17 geostationary(GEO) satellites *1 Joint satellite with SES *2 Joint satellite with BSAT *3 Joint satellite with Kacific (As of July 2026) Orbital Location Satellite Bus Launch Date (JST) Launch Vehicle Main Coverage/Beam Main Usage Horizons-1 ＊1 150°W Boeing 601HP October 1, 2003 Zenit-3SL（Sea Launch） Ku-band: North Pacific, North America Communication JCSAT-9 132°E Lockheed A2100AX April 13, 2006 Zenit-3SL（Sea Launch） Ku-band: - C-band: - Communication JCSAT-3A 128°E Lockheed A2100AX August 12, 2006 Ariane 5（Arianespace） Ku-band: Japan, Asia C-band: Asia, Hawaii, Russia Communication/ Broadcating Horizons-2 ＊1 74°W Orbital STAR2 December 22, 2007 Ariane 5（Arianespace） Ku-band: North America Communication JSAT-136E (formerly Superbird-C2) 136°E MELCO DS2000 August 15, 2008 Ariane 5（Arianespace） Ku-band: Japan, Asia, movable beam Communication JCSAT-5B 132°E Lockheed A2100AX August 22, 2009 Ariane 5（Arianespace） Ku-band: Japan; C-band: Asia, Hawaii, Eastern Russia Communication JCSAT-85 ＊1 85°E Orbital STAR2 December 1, 2009 Zenit-3SL（Sea Launch） Ku-band: West IOR, East IOR Communication JCSAT-110R ＊2 110°E Lockheed A2100AX August 7, 2011 Ariane 5（Arianespace） Ku-band: Japan Broadcating JCSAT-4B 124°E Lockheed A2100AX May 16, 2012 Ariane 5（Arianespace） Ku-band: Japan, Southeast Asia, two movable beams Communication/ Broadcating JCSAT-2B 154°E SSL1300 May 6, 2016 Falcon 9（SpaceX） Ku-band: Japan, Asia, Pacific C-band: Russia, Asia, Oceania, global Communication JSAT-144C (formerly JSAT-16) 144°E SSL1300 August 14, 2016 Falcon 9（SpaceX） Ku-band: Japan Communication JCSAT-110A 110°E SSL1300 December 22, 2016 Ariane 5（Arianespace） Ku-band: Japan, Indian Ocean, Oceania Broadcating Superbird-B3 162°E MELCO DS2000 April 6, 2018 Ariane 5（Arianespace） Ku-band: Japan, movable beam Communication Horizons 3e （HTS） ＊1 169°E Boeing 702MP September 26, 2018 Ariane 5（Arianespace） Ku-band: Asia, Pacific C-band: Gateway beam Communication JCSAT-1C （HTS） ＊3 150°E Boeing 702MP December 17, 2019 Falcon 9（SpaceX） Ku-band: Asia, Pacific, Russia, HTS Ka-band: HTS Gateway Communication JCSAT-17 136°E LM2100 February 19, 2020 Ariane 5（Arianespace） Communication Horizons-4 ＊1 127°W Maxar 1300 August 3, 2023 Falcon 9（SpaceX） Ku-band: North America, Pacific Communication Satellite
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SKY Perfect JSAT Corporation. All Rights Reserved. Recent Key News Releases Date Title（Click on each title to access the relevant release） Aug 3, 2026 Notice Regarding the Completion of Payment and Changes in the Number of Shares in Connection with the Disposal of Treasury Shares as Restricted Shares for the Employee Stock Ownership Plan Jul 22, 2026 SKY Perfect JSAT Selected as a Constituent of the "FTSE JPX Blossom Japan Index" and "FTSE JPX Blossom Japan Sector Relative Index" Jul 17, 2026 Notice on the Completion of Payment for Disposal of Treasury Stock as Remuneration for Boad Directors, Executive Officers and Directors Jul 16, 2026 ispace and SKY Perfect JSAT Sign MoU to Advance Commercial Communications Infrastructure for Japan's Lunar Exploration Missions Jul 8, 2026 Corporate Governance Report Jul 2, 2026 Number of Subscribers as of the End of June 2026 Jun 30, 2026 SKY Perfect JSAT Starts Data Provision from JAXA’s “DAICHI-4” (ALOS-4) Advanced Radar Satellite Jun 25, 2026 Matters Concerning Controlling Shareholders, etc. Jun 19, 2026 Notice on the Disposal of Treasury Stock as Stock-based Remuneration for Board Directors, Executive Officers and Directors Jun 19, 2026 Notice of Appointment of Executives Jun 12, 2026 SKY Perfect JSAT announces agreement as an authorized reseller of Amazon Leo to bring high-speed satellite connectivity to enterprise and public sector customers in Japan Jun 10, 2026 SKY Perfect JSAT and Avanti Sign Agreement to Acquire Ka-band Communications Satellite“HYLAS 3” Jun 2, 2026 Number of Subscribers as of the End of May 2026 34
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SKY Perfect JSAT Corporation. All Rights Reserved. Recent Key News Releases 35 Date Title（Click on each title to access the relevant release） May 25, 2026 SKY Perfect JSAT Selects Kumamoto for New Teleport-First Presence in Kyushu to Expand Capacity and Strengthen Reliability- May 19, 2026 SKY Perfect JSAT and Astroscale Form Strategic Partnership to Advance Space Infrastructure Development May 13, 2026 Notice of Changes of Representative Director and Appointment of Executives May 13, 2026 Notice Regarding Revision of Directors' Remuneration (Including Remuneration for Granting of Restricted Stock) May 8, 2026 Number of Subscribers as of the End of April 2026 Apr 30, 2026 Notice Regarding the Ratio of Voting Rights of Foreign Nationals Apr 28, 2026 Notice of Surplus Dividend for FY2025 and FY2026 Dividend Forecast (Increase) Apr 28, 2026 Notice Regarding Disposal of Treasury Shares for the Employee Stock Ownership Plan Apr 28, 2026 Space Compass and Airbus Sign MOU to Explore Cooperation in Optical Communications and Earth Observation Solutions
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SKY Perfect JSAT Corporation. All Rights Reserved. Major Risks Recognized by the Group 36 Risk Segment Overview Risks related to business investments Company-wide Risk that delays in reviewing or exiting unprofitable businesses or new businesses, or inadequate management of equity and other investments, may hinder the reallocation of management resources and lead to impairment or loss of invested capital. (Countermeasures)・Manage risks through thorough due diligence and analysis, appropriate partner selection, and phased decision-making prior to investment. ・Continue to monitor the market environment and progress after investments are made and flexibly review plans as necessary. Risks related to leakage or mishandling of confidential and personal information, and cybersecurity Company-wide Risk that cyberattacks, human error, or other factors may cause leakage of critical or personal information or system outages, leading to disruption of business operations, loss of social trust, and additional response costs. (Countermeasures)・Strengthen information security governance through certifications such as ISMS, establishment of management structures, and dedicated committees. ・Prevent unauthorized access and information leakage through operation of a CSIRT (Computer Security Incident Response Team) and a multilayered defense system. Risks related to declining competitiveness of the Broadcasting & Video Streaming Business Media Business Risk that changes in the viewing environment and subscriber' behavior may reduce the profitability of the Broadcasting & Video Streaming Business. (Countermeasures)・Maintain and grow the number of subscribers by strengthening core products, enhancing content, and implementing pricing measures. ・Maintain and expand the revenue base by strengthening service deployment, including video streaming and fiber-optic re-transmission services. For details, please refer to p.28 of the Annual Securities Report submitted on June 16, 2026. <only in Japanese > *The risks described above represent the items that the Group recognizes as major risks. They do not cover all risks faced by the Group. There may be unknown risks that the Group does not currently recognize, or risks that may become more significant in the future and have a material impact on the Group’s business, financial position, operating results, etc.
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SKY Perfect JSAT Corporation. All Rights Reserved. Risk Segment Overview Risks related to declining competitiveness in the satellite communications market Space Business Risk that technological advances and changes in the competitive environment may reduce the competitiveness of the Company's core products and services, thereby affecting profitability. (Countermeasures)・Strengthen the business foundation through long-term contract proposals and utilization of ground facilities, while flexibly responding to diverse needs. ・Expand new services and revenue opportunities through participation in government projects, overseas expansion, and adoption of new technologies. Risks related to procurement of communications satellites Space Business Risk that uncertainties in delivery schedules, performance, and costs may materialize in the procurement of satellites, ground facilities, and other equipment, affecting business plans. (Countermeasures)・Reduce the risk of procurement delays or failures by securing backup satellites, arranging alternative procurement and placing advance orders for items with long lead times. ・Mitigate the risk of cost increases and losses through milestone payments, compensation clauses, and insurance contracts. Risks related to operation of communications satellites Space Business Risk that difficulties in optimizing the satellite fleet configuration and deployment timing may result in service interruptions and additional customer support costs. (Countermeasures)・Ensure prompt service continuity in the event of failures through the use of backup operation using backup satellites. ・Minimize service outages and revenue impact by switching services to other satellites and optimizing fleet operations. Major Risks Recognized by the Group 37 For details, please refer to p.28 of the Annual Securities Report submitted on June 16, 2026. <only in Japanese > *The risks described above represent the items that the Group recognizes as major risks. They do not cover all risks faced by the Group. There may be unknown risks that the Group does not currently recognize, or risks that may become more significant in the future and have a material impact on the Group’s business, financial position, operating results, etc.
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SKY Perfect JSAT Corporation. All Rights Reserved. SKY Perfect JSAT Group Website SKY Perfect JSAT Group Website https://www.skyperfectjsat.space/?lang=en IR News https://www.skyperfectjsat.space/ir/ir_news?lang=en Please register for our email distribution service here https://www.skyperfectjsat.space/ir/mail/?lang=en We provide updates on the latest press releases, events, and more through email service and SNS. X LinkedIn YouTube