Sky Perfect JSAT revises forecasts
Japan’s Sky Perfect JSAT Holdings has revised its forecasts for the just-finished quarter (to end-September) upwards, citing improved business conditions and its own “effective use of operating expenses”.
Previously, revenues were forecast at ¥69 billion (US$757 million), but have now been revised marginally upwards, to ¥69.5 billion. However, operating income is now forecast some 35% higher, at ¥8.2 billion (compared with ¥6.1 billion forecast previously) and ordinary income 32% higher at ¥7.4 billion (¥5.6 billion). Net income for the quarter will be in the region of ¥2.9 billion (¥2.4 billion previously).
Increases in the forecast results are “due largely to the effective use of operating expenses including subscriber acquisition costs,” Sky Perfect JSAT said in a statement. No changes have been made to forecasts for the full year (to the e nd of March 2010).
Sky Perfect JSAT, the result of a merger between Sky Perfect TV and JSAT, operates both a satellite business and a multichannel pay-TV business.