Jupiter Telecommunications releases 1Q 2013 resultsWednesday, April 24th, 2013
TOKYO, Japan — Jupiter Telecommunications Co., Ltd. (J:COM, JASDAQ: 4817), Japan’s largest multiple system and channel operator, has released Consolidated Quarterly Financial Results for the 1st Quarter of its financial year ending December 2013.
J:COM’s Cable Television Business and Media Business confronted major changes in the operating environment, including diversifying demands for broadcasting and telecommunications services from customer, and the appearance of new operators offering Internet protocol television (IPTV) and Over-The-Top (OTT) services alongside established broadcasters.
Under these circumstances, the J:COM Group aggressively pursued a variety of initiatives in line with its two basic policies of taking on new challenges to increase earnings and implementing ambitious cost restructuring measures, with a view to succeeding in this competitive environment and further expanding business over the medium to long term.
As a result of these initiatives, key performance indicators for the Cable Television Business in the first quarter (January 1, 2013 to March 31, 2013) of the fiscal year ending December 2013 were as follows:
Key Performance Indicators – Subscribing households
As of March 31, 2012 As of March 31, 2013 (Three months ended (Three months ended Year-on-Year March 31, 2012) March 31, 2013) Change -------------------- -------------------- ------------ Total Number of Subscribing Households 3,641,200 3,747,000 +2.9% Total RGUs 7,204,900 7,629,200 +5.9% CATV 3,070,300 3,102,900 +1.1%
In the Media Business, as a new challenges for increasing earnings, the Company is endeavoring to propose its VOD services based on an IP platform to the country’s cable television operators outside the J:COM Group. By adopting the Group’s VOD systems, cable television operators can provide VOD services compatible with multiple devices without incurring high amounts of development costs. Operators can also manage customer information and design their own service menus to develop services with a high degree of flexibility.