Sky Perfect Communications Inc. said Thursday it posted a group pretax loss of 11.9 billion yen in the year to March 31, making headway against its 24.34 billion yen loss the previous year, due to an increasing number of subscribers and lower cancellation rates.
The operator of the Sky PerfecTV satellite digital broadcasting service said the number of subscribers increased 424,000 to reach 3.04 million, helped by its winning of the exclusive rights in Japan to broadcast the World Cup soccer finals.
Its annual cancellation rate fell 1.2 points to 8.6 percent, it said.
The company's net balance also improved, with its group net loss standing at 12.25 billion yen, down from 24.19 billion yen, on group revenues of 59.43 billion yen, up 22.1 percent.
Sky Perfect Communications said it will skip dividend payments for the reporting year, as it did the preceding year.
This year, the company expects to log a consolidated net loss of 24 billion yen and a pretax loss of 25 billion yen on consolidated revenues of 72 billion yen.
Sky Perfect Communications will carry all 64 matches of the May 31-June 30 World Cup.