News Releases

Notice of Dissolution of Consolidated Subsidiary

Jun 3, 2021

SKY Perfect JSAT Holdings Inc. (Head Office: Minato-ku, Tokyo; Representative Director, President: Eiichi Yonekura; hereinafter, the “Company”) announced that the dissolution of its consolidated subsidiary, Enroute Co., Ltd. (Head Office: Minato-ku, Tokyo; Representative Director and President: Mitsuru Sasanuma; hereinafter, “Enroute”) as follows. Disclosures and details are omitted in part because this dissolution is not subject to the Timely Disclosure Standard of the Tokyo Stock Exchange.

 1. Summary of the Subsidiary to be dissolved

①   Trade name	Enroute Co., Ltd.
②   Head office	Akasaka Intercity AIR, 1-8-1, Akasaka, Minato-Ku, Tokyo
③   Job title/Name of Representative	Representative Director and President: Mitsuru Sasanuma
④   Description of Businesses	Design, manufacture, and Sale of industrial drones
⑤   Capital	¥496 Million
⑥   Date of Establishment	October 2006
⑦   Major Shareholders	Satellite Network, Inc　52% SKY Perfect JSAT Corporation　48% (Our indirect ownership 100%)

 2.Reason for Dissolution

Enroute became a consolidated subsidiary of the Company in July 2016 and has been developing businesses such as sales of industrial drones and so on. However, due to intensified competition caused by overseas manufacturers entering Japanese market and other factors, business conditions remained severe. In January 2021, Enroute transferred a portion of its drone business to NTT e-Drone Technology Corporation and the Company decided to dissolve it after completing its roles as a drone operating company in the Group.

 3. Schedule of Dissolution

On June 3, 2021, Enroute’s extraordinary general meeting of shareholders resolved to dissolve it. We plan to complete the liquidation upon completion of the necessary procedures.

 4.Future Outlook

This dissolution is expected to reduce tax expenses, etc. by approximately ￥900 million in the consolidated income statement for the year ended March 31, 2022.