Interim report
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Note : This document has been translated from a part of the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) Company name : SKY Perfect JSAT Corporation Listing : Tokyo Stock Exchange Securities code : 9412 URL : https://www.skyperfectjsat.space/ Representative : Eiichi Yonekura Inquiries : Isao Kubo Telephone : + 81-3-5571-7800 Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Yes Holding of financial results briefing : Yes August 5 , 2026 FASF Representative Director , President & Chief Executive Officer Representative Director , Vice President & Executive Officer ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the three months ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Three months ended June 30 , 2026 June 30 , 2025 Note : Comprehensive income For the three months ended June 30 , 2026 : For the three months ended June 30 , 2025 : Operating revenue Millions of yen 33,394 % 12.0 29,825 ( 2.2 ) Operating profit Millions of yen 10,889 8,009 % 36.0 7.7 Ordinary profit Millions of yen 11,374 8,224 % 38.3 10.3 Profit attributable to owners of parent Millions of yen % 8,226 49.6 5,500 9.4 ¥ 9,224 million [ 9.0 % ] ¥ 8,464 million [ 193.6 % ] Three months ended June 30 , 2026 Basic earnings per share Yen 29.02 19.41 Diluted earnings per share Yen June 30 , 2025 ( 2 ) Consolidated financial position As of June 30 , 2026 March 31 , 2026 Total assets Net assets Equity - to - asset ratio Net assets per share Millions of yen Millions of yen % 401,566 407,759 309,460 76.3 Yen 1,080.34 307,035 74.4 1,070.96 ¥ 306,210 million ¥ 303,553 million Reference : Equity As of June 30 , 2026 : As of March 31 , 2026 :
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2 2 2 2 2. . . . . C C C C Ca a a a as s s s sh h h h h d d d d di i i i iv v v v vi i i i id d d d de e e e en n n n nd d d d ds s s s s Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended - 19.00 - 23.00 42.00March 31, 2026 Fiscal year ending -March 31, 2027 Fiscal year ending March 31, 2027 (Forecast) 24.00 - 24.00 48.00 Note: Revisions to the forecast of cash dividends most recently announced: No ne Note: Breakdown of the first quarter dividend for the fiscal year ending March 31, 2027 : Commemorative dividend - y en Special dividend - y en 3 3 3 3 3. . . . . C C C C Co o o o on n n n ns s s s so o o o ol l l l li i i i id d d d da a a a at t t t te e e e ed d d d d f f f f fi i i i in n n n na a a a an n n n nc c c c ci i i i ia a a a al l l l l r r r r re e e e es s s s su u u u ul l l l lt t t t t f f f f fo o o o or r r r re e e e ec c c c ca a a a as s s s st t t t ts s s s s f f f f fo o o o or r r r r t t t t th h h h he e e e e f f f f fi i i i is s s s sc c c c ca a a a al l l l l y y y y ye e e e ea a a a ar r r r r e e e e en n n n nd d d d di i i i in n n n ng g g g g M M M M Ma a a a ar r r r rc c c c ch h h h h 3 3 3 3 31 1 1 1 1, , , , , 2 2 2 2 20 0 0 0 02 2 2 2 27 7 7 7 7 ( ( ( ( (f f f f fr r r r ro o o o om m m m m A A A A Ap p p p pr r r r ri i i i il l l l l 1 1 1 1 1, , , , , 2 2 2 2 20 0 0 0 02 2 2 2 26 6 6 6 6 t t t t to o o o o M M M M Ma a a a ar r r r rc c c c ch h h h h 3 3 3 3 31 1 1 1 1, , , , , 2 2 2 2 20 0 0 0 02 2 2 2 27 7 7 7 7) ) ) ) ) (Percentages indicate year-on-year changes.) Operating revenue Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 135,000 5.8 3 9,000 10.6 3 9,000 10.1 2 7,000 15.8 95.26 Note: Revisions to the finan cial result forecast most recently announced: None * * * * * N N N N No o o o ot t t t te e e e es s s s s (1) Significant changes in the sco pe of consolidation during the period: Yes Newly included: - co mpanies( ) Excluded: １ companies( ) (2) Adoption of accounting treatment specific to th e preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, chan ges in accounting estimates, and restatement (i) Ch anges in accounting policies d ue to revisions to acco unting standards and other regulations: None (ii) Ch anges in accounting policies d ue to other reasons: None (iii) Ch anges in accounting estimates: None (iv) Restatemen t: None (4) Number of issued shares (common shares) (i) Total n umber of issued shares at th e end of the p eriod (including treasury shares) As of June 30, 2026 297,681,264 sh ares As of March 31, 2026 297,681,264 sh ares (ii) Number of treasu ry shares at the end of the period As of June 30, 2026 14,241,474 sh ares As of March 31, 2026 14,241,474 sh ares (iii) Average n umber of shares outstanding during the period (cumulative from the beginning of the fiscal y ear) Three months ended June 30, 2026 283,439,790 sh ares Three months ended June 30, 2025 283,358,178 sh ares * Review of th e Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes(volu ntary) * Proper use of earnings forecasts, and oth er special matters 2 SKY Perfect JSAT Corporation （Note）Effective April 1, 2026, the Company absorbed and merged with SKY Perfect JSAT Corporation, its wholly owned subsidiary, and accordingly excluded the subsidiary from the scope of consolidation. On the same date, the Company changed its corporate name from SKY Perfect JSAT Holdings Inc. to SKY Perfect JSAT Corporation.
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Quarterly Consolidated Financial Statements and Primary Notes Quarterly Consolidated Balance Sheet (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 72,804 63,814 Accounts receivable - trade 48,791 47,192 Lease receivables 37,240 36,676 Securities 4,996 - Broadcasting rights 285 231 Merchandise 1,037 957 Work in process 170 84 Supplies 257 306 Advance payments to suppliers 7,118 5,020 Short-term loans receivable 3,853 3,937 Other 10,152 11,988 Allowance for doubtful accounts (102) (93) Total current assets 186,605 170,116 Non-current assets Property, plant and equipment Buildings and structures, net 8,693 8,488 Machinery, equipment and vehicles, net 15,816 15,197 Telecommunications satellites, net 35,556 33,650 Land 4,697 4,744 Construction in progress 78,906 93,123 Other, net 7,542 7,223 Total property, plant and equipment 151,212 162,428 Intangible assets Software 5,594 5,368 Other 39 39 Total intangible assets 5,634 5,407 Investments and other assets Investment securities 53,752 53,894 Deferred tax assets 5,810 5,588 Other 4,743 4,130 Total investments and other assets 64,306 63,613 Total non-current assets 221,153 231,449 Total assets 407,759 401,566 3
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Accounts payable - trade 61 22 Current portion of long-term borrowings 8,649 5,043 Accounts payable - other 10,325 9,438 Income taxes payable 7,615 2,703 Subscription fees received 5,629 5,884 Unearned revenue 20,754 26,120 Provision for bonuses 610 246 Other 6,772 4,535 Total current liabilities 60,419 53,994 Non-current liabilities Long-term borrowings 23,714 21,235 Deferred tax liabilities 2,354 2,528 Retirement benefit liability 5,001 5,081 Asset retirement obligations 2,300 2,308 Other 6,934 6,956 Total non-current liabilities 40,304 38,110 Total liabilities 100,723 92,105 Net assets Shareholders' equity Share capital 10,172 10,172 Capital surplus 132,110 132,110 Retained earnings 152,281 153,988 Treasury shares (7,877) (7,877) Total shareholders' equity 286,686 288,393 Accumulated other comprehensive income Valuation difference on available-for-sale securities 3,621 3,115 Deferred gains or losses on hedges 6,007 6,138 Foreign currency translation adjustment 6,791 8,122 Remeasurements of defined benefit plans 446 440 Total accumulated other comprehensive income 16,866 17,816 Non-controlling interests 3,481 3,250 Total net assets 307,035 309,460 Total liabilities and net assets 407,759 401,566 4
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Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Operating revenue 29,825 33,394 Operating costs 15,407 16,340 Operating gross profit 14,417 17,054 Selling, general and administrative expenses 6,408 6,164 Operating profit 8,009 10,889 Non-operating income Interest income 593 530 Dividend income 12 12 Foreign exchange gains - 12 Compensation income 85 85 Other 82 128 Total non-operating income 773 767 Non-operating expenses Interest expenses 276 124 Share of loss of entities accounted for using equity method 161 153 Foreign exchange losses 12 - Other 107 5 Total non-operating expenses 558 282 Ordinary profit 8,224 11,374 Profit before income taxes 8,224 11,374 Income taxes - current 2,485 2,596 Income taxes - deferred 178 504 Total income taxes 2,663 3,101 Profit 5,561 8,273 Profit attributable to non-controlling interests 60 47 Profit attributable to owners of parent 5,500 8,226 5
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Quarterly Consolidated Statement of Comprehensive Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Profit 5,561 8,273 Other comprehensive income Valuation difference on available-for-sale securities 2,643 (506) Deferred gains or losses on hedges 1,803 162 Foreign currency translation adjustment (1,780) 1,330 Remeasurements of defined benefit plans, net of tax 224 (6) Share of other comprehensive income of entities accounted for using equity method 13 (28) Total other comprehensive income 2,903 951 Comprehensive income 8,464 9,224 Comprehensive income attributable to Comprehensive income attributable to owners of parent 8,401 9,175 Comprehensive income attributable to non-controlling interests 62 49 6
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Quarterly Consolidated Statement of Cash Flows (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Cash flows from operating activities Profit before income taxes 8,224 11,374 Depreciation 3,826 3,801 Interest and dividend income (606) (542) Interest expenses 276 124 Share of loss (profit) of entities accounted for using equity method 161 153 Decrease (increase) in trade receivables 4,588 1,630 Increase (decrease) in broadcasting rights 633 54 Decrease (increase) in inventories 291 115 Decrease (increase) in advance payments to suppliers (3,185) 2,097 Increase (decrease) in accounts payable - other (3,309) (888) Increase (decrease) in unearned revenue 6,153 5,365 Decrease (increase) in lease receivables 259 564 Other, net 681 (985) Subtotal 17,995 22,865 Interest and dividends received 1,305 1,253 Interest paid (534) (293) Income taxes paid (3,528) (7,152) Net cash provided by (used in) operating activities 15,239 16,672 Cash flows from investing activities Purchase of property, plant and equipment (4,953) (17,345) Purchase of intangible assets (981) (307) Purchase of investment securities (45) (799) Payments into time deposits (19,298) (1,726) Proceeds from withdrawal of time deposits - 1,536 Other, net 4 16 Net cash provided by (used in) investing activities (25,275) (18,626) Cash flows from financing activities Repayments of long-term borrowings (4,826) (6,038) Redemption of bonds (10,000) - Dividends paid (4,514) (6,491) Dividends paid to non-controlling interests (102) (280) Net cash provided by (used in) financing activities (19,444) (12,810) Effect of exchange rate change on cash and cash equivalents (97) 147 Net increase (decrease) in cash and cash equivalents (29,578) (14,616) Cash and cash equivalents at beginning of period 114,516 57,647 Cash and cash equivalents at end of period 84,937 43,031 7