SKY Perfect JSAT (TSE:9412) Altman Z-Score: 5.69 (As of Jul. 15, 2026) — 193% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9412 SKY Perfect JSAT Corp TSE:9412
69 GF Score
Price 円2,481.00
GF Value 円991.71
Valuation Significantly Overvalued
View Full Analysis

What is SKY Perfect JSAT Altman Z-Score?

SKY Perfect JSAT TSE:9412 -0.24% 69 Altman Z-Score is 5.69 as of Jul. 15, 2026, which is 193% above its 10-year median of 1.94. GuruFocus rates TSE:9412 with a GF Score™ of 69/100 and a GF Value™ of 円991.71 (Significantly Overvalued). Among 1,009 Media - Diversified companies, SKY Perfect JSAT ranks better than 87.51% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 5.77 is strong.

SKY Perfect JSAT has a Altman Z-Score of 5.69, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for SKY Perfect JSAT's Altman Z-Score or its related term are showing as below:

TSE:9412' s Altman Z-Score Range Over the Past 10 Years
Min: 1.7   Med: 1.94   Max: 6.38
Current: 5.77

During the past 13 years, SKY Perfect JSAT's highest Altman Z-Score was 6.38. The lowest was 1.70. And the median was 1.94.


SKY Perfect JSAT  (TSE:9412) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


SKY Perfect JSAT Altman Z-Score Related Terms


SKY Perfect JSAT Altman Z-Score Historical Data

* Premium members only.

The historical data trend for SKY Perfect JSAT's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SKY Perfect JSAT Altman Z-Score Chart

SKY Perfect JSAT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.91 2.04 2.82 3.17 6.38

SKY Perfect JSAT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.17 3.81 3.75 4.90 6.38

TSE:9412 vs NXST: Altman Z-Score Comparison

For the Broadcasting subindustry, SKY Perfect JSAT's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SKY Perfect JSAT Altman Z-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, SKY Perfect JSAT's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where SKY Perfect JSAT's Altman Z-Score falls into.


TSE:9412
69GF Score
SKY Perfect JSAT Corp TSE:9412
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SKY Perfect JSAT Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

SKY Perfect JSAT's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.3095+1.4*0.3735+3.3*0.0878+0.6*6.9815+1.0*0.3129
=5.69

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was 円407,759 Mil.
Total Current Assets was 円186,605 Mil.
Total Current Liabilities was 円60,419 Mil.
Retained Earnings was 円152,281 Mil.
Pre-Tax Income was 8537 + 9005 + 9142 + 8224 = 円34,908 Mil.
Interest Expense was -161 + -204 + -235 + -276 = 円-876 Mil.
Revenue was 34252 + 32461 + 31046 + 29825 = 円127,584 Mil.
Market Cap (Today) was 円703,214 Mil.
Total Liabilities was 円100,726 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(186605 - 60419)/407759
=0.3095

X2=Retained Earnings/Total Assets
=152281/407759
=0.3735

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(34908 - -876)/407759
=0.0878

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=703214.119/100726
=6.9815

X5=Revenue/Total Assets
=127584/407759
=0.3129

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

SKY Perfect JSAT has a Altman Z-Score of 5.69 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 5.69 mean?
SKY Perfect JSAT (TSE:9412) has a Altman Z-Score of 5.69 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on SKY Perfect JSAT and its competitors. This is 193% above median its historical median of 1.94. Over the past decade, SKY Perfect JSAT's Altman Z-Score has ranged from 1.70 to 6.38. According to the industry distribution chart, SKY Perfect JSAT ranks #126 out of 1009 companies in the Media - Diversified industry, placing it in the top 12.5%.
Is SKY Perfect JSAT's Altman Z-Score too high?
SKY Perfect JSAT's current Altman Z-Score of 5.69 is 193% above median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 6.38. The Media - Diversified industry median Altman Z-Score is 2.01. SKY Perfect JSAT's value of 5.69 is 183.1% above this industry median. Based on the distribution chart, SKY Perfect JSAT ranks #126 out of 1009 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, SKY Perfect JSAT has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SKY Perfect JSAT's Altman Z-Score compare to NXST?
According to the Media - Diversified industry distribution chart, SKY Perfect JSAT ranks #126 out of 1009 companies for Altman Z-Score. This places SKY Perfect JSAT in the top 13% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.01. SKY Perfect JSAT's value of 5.69 is 183.1% above this benchmark. Historically, SKY Perfect JSAT's own Altman Z-Score has ranged from 1.70 to 6.38 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 2.01, SKY Perfect JSAT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 2.01, based on 1,009 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SKY Perfect JSAT's current Altman Z-Score of 5.69 is 183.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on SKY Perfect JSAT and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SKY Perfect JSAT's current Altman Z-Score is 5.69, which is 193% above median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SKY Perfect JSAT stock overvalued right now?
Based on GuruFocus' analysis, SKY Perfect JSAT (TSE:9412) is currently considered Significantly Overvalued. The stock's GF Value™ is 円991.71, compared to a current price of 円2,481.00 — trading 150.2% above its estimated fair value. The current Altman Z-Score is 5.69, which is 193% above median its 10-year median of 1.94 and 183.1% above the Media - Diversified industry median of 2.01. SKY Perfect JSAT's overall GF Score™ is 69/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For SKY Perfect JSAT (TSE:9412), the current Altman Z-Score is 5.69 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SKY Perfect JSAT (TSE:9412) Overvalued in 2026?

Based on GuruFocus' analysis, SKY Perfect JSAT stock appears to be overvalued. The current stock price of 円2,481.00 is trading 150.2% above its estimated GF Value™ of 円991.71. GuruFocus considers SKY Perfect JSAT to be Significantly Overvalued.

Key valuation signals for TSE:9412:

  • Altman Z-Score: 5.69 (193% above median its 10-year median of 1.94)
  • GF Value™: 円991.71 vs. price of 円2,481.00 (150.2% above fair value)
  • GF Score™: 69/100
  • Industry Position: 183.1% above the Media - Diversified median (#126 of 1009)

No single metric tells the full story. See the TSE:9412 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SKY Perfect JSAT Business Description

Address 1-8-1 Akasaka, Akasaka Intercity AIR, Minato-ku, Tokyo, JPN, 107-0052
SKY Perfect JSAT Corp is a Japan-based company engaged in providing broadcasting and communication services. The company consists of two operating divisions, which are Media Business and Space Business. The Media Business offers platform services such as customer management activities to broadcasting and streaming businesses and Fiber optic alliance, and others. While Space Business offers telecommunication business, space intelligence business, and others.
69GF Score

Get the complete analysis for TSE:9412

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,481.00
Price
円991.71
GF Value