All data are based on the daily closing price as of May 17, 2024

Sky Perfect JSAT to Partner with U.S. Military for Space Monitoring

Japanese satellite giant plans to enhance security applications, eyeing significant revenue boost by 2030 through Indo-Pacific collaborations
s 9412.TSE Mid and Small Cap 2000
Share this on

Sky Perfect JSAT, the Japanese satellite broadcasting behemoth, is set to align with the U.S. military, focusing on space situational awareness, as confirmed by President Eiichi Yonekura in a recent interview with Nikkei. This strategic partnership aims to leverage the company’s extensive satellite network, potentially transforming security-related services into a key revenue stream.

During discussions with U.S. space policy officials at the White House, the collaborative framework was outlined, emphasizing the mutual benefits of such an alliance. Sky Perfect JSAT boasts the world’s largest fleet of geostationary satellites, predominantly covering the Indo-Pacific region, which could prove invaluable for the U.S. military’s monitoring endeavors. Yonekura highlighted the efficiency gains, noting that the U.S. could avoid deploying additional satellites by accessing their existing network.

The envisioned collaboration extends beyond mere satellite access; it includes innovative proposals like employing satellite-mounted lasers for space debris removal. Such initiatives align with the broader Tokyo-Washington consensus to deepen space cooperation, intertwining public and private sector efforts.

Yonekura’s long-term vision for this partnership reflects a strategic approach, emphasizing sustained, incremental development over the next five years. He also revealed plans to expand the company’s service offerings across the Indo-Pacific, targeting markets in the Philippines, Malaysia, and Indonesia, and exploring security applications alongside civilian uses.

For the fiscal year ending March 31, Sky Perfect JSAT anticipates its security-related businesses to generate around 7.5 billion yen ($49.4 million). With space security becoming increasingly pivotal amid rising global tensions and the threat of cyberattacks on satellite communications, the company is ambitious about tripling its revenue from these segments by 2030.

This collaboration marks a significant step in international space defense strategy, as the U.S. strengthens its alliances with Japan and other partners to construct a robust network countering adversarial advances from nations like China and Russia.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top