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Notice Concerning the Postponement of the financial results announcement for the year ended March 31, 2020
And the Settlement of a Record Date for the 13th Ordinary General Meeting of Shareholders

Apr 22, 2020

  SKY Perfect JSAT Holdings Inc. (Head Office: Minato-ku, Tokyo) announced at the Board of Directors meeting held on April 22, 2020 that it has decided to postpone the announcement of financial results and to set a record date for the annual shareholders meeting.
The record date for dividends remains unchanged from March 31, 2020.

  1. Reasons for postponing announcement of consolidated results for the year ended March 31, 2020

    From the perspective of preventing the spread of new coronavirus infections, we have been working from home for all officers and employees since February 28, 2020, in principle, and have been continuing our operations on a reduced scale. However, in response to the Japanese government's Declaration of Emergency Issues based on the Law Concerning Special Measures Against the New Influenza, etc., we anticipate a delay in the finalization of financial results, including accounting audits, as we proceed with financial closing and auditing procedures while giving due consideration to ensuring the safety of our employees and auditors. Therefore, we plan to postpone the announcement of our consolidated financial results, which was scheduled for May 13, 2020, to June 26, 2020.

  2.  Filing of Annual Securities Report for the Year Ended March 31, 2020

    Due to the delay in procedures related to settlement of accounts for the reasons stated above, the annual securities report for the fiscal year ended March 2020, which was scheduled to be submitted until June 30, 2020, is scheduled to be submitted on July 30, 2020.

  3.  Record Date, etc. Pertaining to the 13th Ordinary General Meeting of Shareholders

    Due to the delay of settlement of financial results, including accounting audits, it has become difficult for the 13th Ordinary General Meeting of Shareholders to be held within 3 months from March 31, 2020, the record date for convening the Ordinary General Meeting of Shareholders as stipulated in our Articles of Incorporation. To this end, the Company has decided to have a record date of May 31, 2020, and to have shareholders registered or recorded in the list of shareholders as of that date who are authorized to exercise their voting rights at the 13th Ordinary General Meeting of Shareholders to be held on July 30, 2020. The Company will announce the record date as follows:
      (1) Record Date May 31, 2020
      (2) Date of public notice May 15, 2020
      (3) Method of Public Notice Electronic public announcement (will be posted on our website)
            https://www.skyperfectjsat.space/ir/electro/
    The record date for dividends remains unchanged from March 31, 2020.

  4.  Consolidated Earnings Forecasts for the Fiscal Year Ended March 2020

    The expansion of new coronavirus infections has a minor impact on the announced consolidated earnings forecasts for the year ended March 31, 2020, and the forecasts are unchanged.
    Regarding the outlook for the future, in the Media Business, we may not be able to expect increasing new subscribers as usual due to the delay in the beginning of professional baseball league season and other sporting content, as well as the cancellation or postponement of music live content. In the Space business, the use of satellite lines provided for mobile communications may be affected by such factors as reduced flights of ships and aircrafts. We plan to explain the impact on our business for the year ending March 31, 2021 when we announce our results on June 26, 2020.

  5.  Our Initiatives to Cope with New Coronavirus Infections

    On February 18, 2020, we set up a task force to prevent the spread of the new coronavirus and to ensure the safety of officers, employees, and business partners at our business sites. In principle, we have been working from home for all officers and employees since February 28, 2020. We also reviewed our operational structure based on the Business Continuity Plan (BCP) and provided services. Beginning on April 6, 2020, we began reducing operations prior to the announcement of the Emergency State Declaration, and we have established a system to continuously provide services as a corporate group engaged in highly public businesses such as "Communications" and "Broadcasting".

    We sincerely apologize for the great inconvenience and concerns that our shareholders, investors, and other stakeholders have.