Public companies among SKY Perfect JSAT Holdings Inc.'s (TSE:9412) largest stockholders and were hit after last week's 3.4% price drop

Key Insights

• The considerable ownership by public companies in SKY Perfect JSAT Holdings indicates that they collectively have a greater say in management and business strategy
• The top 4 shareholders own 50% of the company
• 18% of SKY Perfect JSAT Holdings is held by Institutions

To get a sense of who is truly in control of SKY Perfect JSAT Holdings Inc. (TSE:9412), it is important to understand the ownership structure of the business. With 51% stake, public companies possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).

And last week, public companies endured the biggest losses as the stock fell by 3.4%.

Let's delve deeper into each type of owner of SKY Perfect JSAT Holdings, beginning with the chart below.

See our latest analysis for SKY Perfect JSAT Holdings

What Does The Institutional Ownership Tell Us About SKY Perfect JSAT Holdings?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

We can see that SKY Perfect JSAT Holdings does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of SKY Perfect JSAT Holdings, (below). Of course, keep in mind that there are other factors to consider, too.

Hedge funds don't have many shares in SKY Perfect JSAT Holdings. The company's largest shareholder is ITOCHU Corporation, with ownership of 27%. With 9.2% and 7.4% of the shares outstanding respectively, Nippon Telegraph and Telephone Corporation and Nippon Television Holdings, Inc. are the second and third largest shareholders.

Our research also brought to light the fact that roughly 50% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of SKY Perfect JSAT Holdings

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our data suggests that insiders own under 1% of SKY Perfect JSAT Holdings Inc. in their own names. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own JP¥477m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.

General Public Ownership

The general public-- including retail investors -- own 31% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Public Company Ownership

Public companies currently own 51% of SKY Perfect JSAT Holdings stock. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.

I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.