JSAT The space and satellite business of the group dates to 1985, when its three predecessor companies were formed:
Japan Communications Satellite Company (JCSC),
Space Communications Corporation (SCC) and
Satellite Japan Corporation (SJC).
JCSAT-1, Japan's first private-sector communications satellite, was launched in 1989. JCSC and SJC merged in 1993, becoming
Japan Satellite Systems, which changed its name to
JSAT Corporation in 2000. JSAT was listed on the
Tokyo Stock Exchange in the same year. SCC was acquired by the Sky Perfect JSAT Group in 2008. At the time of establishment in this new company, SKY Perfect JSAT holds an 83% ownership stake, while ITOCHU Corporation owns the remaining 17%. Later SKY Perfect JSAT decided to divest a 32% portion of its shares in SKY Perfect Pictures Inc. to iRightsport Inc., a fully owned subsidiary of ITOCHU Corporation. As a result of this transaction, iRightsport’s total stake rose to 49%, reflecting both the newly transferred shares and ITOCHU’s earlier investment. Despite this change, SKY Perfect JSAT maintains majority control with a 51% shareholding, ensuring that SKY Perfect Pictures remains a consolidated subsidiary within its group. ==Satellite fleet==