November 1, 2023

SKY Perfect JSAT Holdings Inc.

Summary of Business Results

for the Six Months Ended September 30, 2023

This material contains forward-looking statements based on SKY Perfect JSAT Holdings' own projections and estimates. The markets where SKY Perfect JSAT Holdings Inc. is active are extremely volatile, subject to rapid changes in technology, customer demands, economic conditions including prices, the potential failures of satellites and many other variables. Due to the risks and uncertainties involved, actual results may differ from the content of these statements. Therefore, these statements should not be interpreted as representations that such objectives will be fulfilled.

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©SKY Perfect JSAT Holdings Inc. All rights reserved.

Supplementary Data

Ⅰ . Consolidated Financial Highlights

（Unit：Millions of Yen）

For the year ended March 31, 2023

For the year ending March 31, 2024

1Q

2Q

2Q Cumulative

3Q

4Q

Cumulative

1Q

2Q

2Q Cumulative

Revenues

28,806

29,190

57,996

30,597

32,545

121,139

30,009

30,488

60,498

Operating Income

5,551

5,595

11,147

5,566

5,609

22,324

6,919

6,482

13,401

Ordinary Income

5,924

5,710

11,635

5,489

6,069

23,194

7,279

6,560

13,839

Profit attributable to owners of parent

4,033

3,669

7,703

3,683

4,423

15,810

4,982

3,573

8,555

Total Assets

244,497

250,656

250,656

255,008

256,815

256,815

257,705

262,924

262,924

Total Equity

382,366

389,273

389,273

385,490

399,055

399,055

391,335

398,348

398,348

Net Income per Share (Yen)

13.89

12.64

26.53

12.68

15.23

54.44

17.15

12.31

29.47

Total Equity per Share (Yen)

838.34

858.84

858.84

873.43

879.33

879.33

882.42

905.72

905.72

EBITDA*1

11,509

11,103

22,613

11,083

11,865

45,562

12,638

11,043

23,681

Cash Dividend per Unit Share (Yen)

－

9.00

9.00

－

11.00

20.00

－

10.00

10.00

Net Cash Provided by Operating Activities

23,130

9,160

32,290

10,672

14,667

57,630

3,013

13,169

16,183

Net Cash Provided by (Used in) Investing Activities

(1,812)

(6,206)

(8,018)

(8,905)

53

(16,870)

(3,402)

(394)

(3,797)

Net Cash Provided by (Used in) Financing Activities

(11,403)

(517)

(11,921)

(6,852)

(648)

(19,422)

(7,407)

(2,105)

(9,512)

*1. EBITDA is calculated as Net Income + Tax Expense + Depreciation Expense+ Goodwill Amortization + Interest Expense.

2

©SKY Perfect JSAT Holdings Inc. All rights reserved.

Ⅱ. Segment Information

（Unit：Millions of Yen）

For the year ended March 31, 2023

For the year ending March 31, 2024

1Q

2Q

2Q Cumulative

3Q

4Q

Cumulative

1Q

2Q

2Q Cumulative

Revenues

28,806

29,190

57,996

30,597

32,545

121,139

30,009

30,488

60,498

Space Business

13,841

14,319

28,161

15,677

18,314

62,154

15,445

15,593

31,038

Media Business

17,463

17,340

34,804

17,326

16,601

68,733

16,965

17,265

34,230

Eliminations and Corporate Total

(2,499)

(2,470)

(4,969)

(2,406)

(2,370)

(9,747)

(2,401)

(2,370)

(4,771)

Operating Income

5,551

5,595

11,147

5,566

5,609

22,324

6,919

6,482

13,401

Space Business

4,128

4,208

8,336

4,708

6,106

19,151

5,670

5,433

11,103

Media Business

1,598

1,546

3,145

1,036

(318)

3,863

1,453

1,231

2,684

Eliminations and Corporate Total

(175)

(158)

(334)

(178)

(177)

(690)

(203)

(181)

(385)

Profit attributable to owners of parent

4,033

3,669

7,703

3,683

4,423

15,810

4,982

3,573

8,555

Space Business

2,938

2,637

5,576

3,221

4,717

13,515

4,008

3,680

7,689

Media Business

1,159

1,113

2,272

696

(189)

2,779

1,081

(1)

1,079

Eliminations and Corporate Total

(64)

(81)

(145)

(234)

(104)

(484)

(107)

(105)

(213)

Depreciation Expense

5,323

5,258

10,581

5,290

5,293

21,165

4,966

4,934

9,900

Space Business

3,455

3,447

6,903

3,473

3,488

13,865

3,187

3,191

6,379

Media Business

1,742

1,741

3,483

1,748

1,737

6,969

1,720

1,684

3,405

Eliminations and Corporate Total

125

69

194

68

67

330

58

58

116

Capital Expenditures

1,240

5,063

6,304

8,759

1,691

16,755

4,034

3,660

7,695

Space Business

882

4,469

5,351

8,188

1,174

14,713

3,278

3,039

6,318

Media Business

318

569

888

565

481

1,935

744

598

1,343

Eliminations and Corporate Total

40

24

64

4

35

105

11

21

32

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©SKY Perfect JSAT Holdings Inc. All rights reserved.

Ⅲ

. Reference Data of Media Business

（

）

（Unit：Thousand）

Total for SKY PerfecTV!

Number of Subscribers and Churn Rate

For the year ended March 31, 2023

For the year ending March 31, 2024

1Q

2Q

3Q

4Q

Cumulative

1Q

2Q

New Subscribers

Total for SKY PerfecTV! *2

137

105

150

178

570

133

119

SKY PerfecTV!

130

100

144

168

541

126

114

SKY PerfecTV! Premium Service

6

4

5

9

25

6

4

SKY PerfecTV! Premium Service Hikari

1

1

1

1

3

1

1

Churn

Total for SKY PerfecTV! *2

157

172

208

167

703

145

156

SKY PerfecTV!

133

147

181

143

604

125

135

Premium Service

22

23

25

22

92

19

20

Premium Service Hikari

2

2

2

2

7

2

2

Net Increase

Total for SKY PerfecTV! *2

(20)

(67)

(58)

11

(133)

(12)

(37)

SKY PerfecTV!

(3)

(47)

(37)

25

(63)

1

(21)

Premium Service

(15)

(19)

(19)

(12)

(66)

(12)

(16)

Premium Service Hikari

(1)

(1)

(1)

(1)

(4)

(1)

(1)

Total Subscribers

Total for SKY PerfecTV! *2

2,989

2,922

2,864

2,875

2,875

2,863

2,826

SKY PerfecTV!

2,168

2,121

2,084

2,108

2,108

2,109

2,089

Premium Service

750

731

712

700

700

687

672

Premium Service Hikari

70

69

68

67

67

66

66

Churn Rate(%)*3

Total for SKY PerfecTV! *2

5.2%

5.7%

6.9%

5.6%

23.4%

5.1%

5.4%

SKY PerfecTV!

6.1%

6.8%

8.3%

6.6%

27.8%

5.9%

6.4%

Premium Service

2.8%

3.1%

3.2%

2.9%

12.0%

2.7%

2.8%

Premium Service Hikari

2.6%

2.5%

2.5%

2.7%

10.3%

2.4%

2.3%

*2. The figures are the total amounts for SKY PerfecTV! , Premium Service, and Premium Service HIKARI. SKY PerfecTV! is the service (former SKY PerfecTV! e2) using the satellite at 110 degrees east longitude.

Premium Service is the service using the satellites at 124 and 128 degrees east longitude (including standard definition channels).

Premium Service HIKARI is the service using optical fibers.

*3. Quartery Churn Rate is culculated by dividing Each quartery churn subscribers and Total Subscribers at the end of the previous fiscal year.

4

©SKY Perfect JSAT Holdings Inc. All rights reserved.

（Unit：Yen）

Average Monthly Subscriber's Payment *4

For the year ended March 31, 2023

For the year ending March 31, 2024

1Q

2Q

3Q

4Q

Cumulative

1Q

2Q

SKY PerfecTV!

3,340

3,362

3,311

3,302

3,329

3,352

3,373

Subscription fee

2,962

2,984

2,933

2,924

2,951

2,974

2,994

Basic fee and Others*5

378

378

378

378

378

378

379

Premium Service

3,559

3,562

3,491

3,451

3,517

3,528

3,533

Subscription fee

3,128

3,131

3,061

3,021

3,087

3,100

3,104

Basic fee and Others*5

431

431

430

430

431

429

428

Premium Service Hikari

5,079

5,076

5,044

5,014

5,054

5,016

5,003

Subscription fee

4,226

4,229

4,203

4,179

4,210

4,189

4,182

Basic fee and Others*5

853

847

841

835

844

827

821

*4. Average amount paid by subscribers in the form of monthly viewing fees, etc. These figures are calculated based on number of cumulative contractors. 30% of subscriber payments for SKY PerfecTV! is recognized as commission fee revenue.

100% of subscriber payments for SKY PerfecTV! Premium Service and SKY PerfecTV! Premium Service Hikari is recognized as viewing fee revenue.

*5. Basic fee and others : Basic fee and rental fee of Set top box

5

©SKY Perfect JSAT Holdings Inc. All rights reserved.

Subscriber Acquisition Cost

For the year ended March 31, 2023

For the year ending March 31, 2024

（Total for SKY PerfecTV! ）

1Q

2Q

3Q

4Q

Cumulative

1Q

2Q

SAC Total (Millions of Yen)*6

1,851

1,426

2,164

2,403

7,845

1,476

1,541

Advertising expenses

831

529

1,205

1,353

3,921

600

748

Promotion expenses

338

279

317

401

1,336

290

275

Subscription campaign expenses

211

144

222

233

812

171

131

Others

410

372

380

413

1,578

414

385

Production costs for free programs

59

99

37

－

196

－

－

*6. Advertising expenses：Advertising expenses for various media.

Promotion expenses：Promotion cost to acquire new subscribers and

sales incentives.

Subscription campaign expenses：Cost of campaigns to acquire new subscribers (free of charge antenna installation, etc.).

Others：Operation costs of SKY PerfecTV! customer center etc.

Production costs for free programs ：Costs associated with production cost for free programs. (No occurrence since November, 2022 because BS SKY PerfecTV! was closed.)

6

©SKY Perfect JSAT Holdings Inc. All rights reserved.

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SKY Perfect JSAT Holdings Inc. published this content on 01 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2023 06:02:45 UTC.