Communications

Internet Initiative Japan, Inc.

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Business Summary

Internet Initiative Japan Inc. engages in the provision of Internet connectivity and wide area network services; network systems construction, operation and maintenance; and telecommunications equipment. It operates through the Network Service and Systems Integration (SI), and Automated Teller Machine (ATM) Operation segments. The Network Service and SI segment offers internet connectivity, wide area network (WAN), outsourcing, and systems integration services. The ATM Operation segment deals with the construction and operation of ATMs and their network systems. The company was founded by Koichi Suzuki on December 3, 1992 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022	JPY	USD
Revenue	226,335.37M	2,014.14M
Gross Profit	48,500.01M	431.59M
Operating income	23,658.21M	210.53M
Income before tax	26,497.15M	235.79M
Net income	15,672.10M	139.46M
EBITDA	52,105.57M	463.68M
Diluted EPS	86.36	0.76
Dividends Per Share	24	0.21
Total Assets	231,805.07M	1,909.82M
Total liabilities	127,184.27M	1,047.86M
Total equity	103,528.12M	852.96M
Operating cash flow	43,572.79M	387.75M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	176,233.32M	192,430.18M	204,473.51M	213,001.88M	226,335.37M
Gross Profit	27,117.53M	27,695.29M	29,750.50M	37,440.67M	48,500.01M
Operating income	6,895.24M	6,322.66M	8,604.74M	14,902.78M	23,658.21M
Income before tax	6,872.19M	5,842.98M	7,158.98M	14,442.53M	26,497.15M
Net income	4,422.92M	3,520.56M	4,006.77M	9,711.55M	15,672.10M
EBITDA	20,307.73M	21,951.22M	37,127.79M	42,879.39M	52,105.57M
Diluted EPS	24.45	19.45	22.12	53.56	86.36
Dividends Per Share	6.75	6.75	6.75	14.87	24
Total Assets	155,162.72M	167,289.19M	206,524.26M	220,777.26M	231,805.07M
Total liabilities	79,915.49M	90,169.58M	126,467.14M	129,805.61M	127,184.27M
Total equity	74,528.73M	76,271.43M	79,075.58M	89,956.37M	103,528.12M
Operating cash flow	14,663.81M	25,152.34M	33,393.75M	40,544.16M	43,572.79M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	1,590.08M	1,735.25M	1,880.63M	2,008.36M	2,014.14M
Gross Profit	244.67M	249.74M	273.62M	353.02M	431.59M
Operating income	62.21M	57.01M	79.14M	140.51M	210.53M
Income before tax	62.00M	52.68M	65.84M	136.17M	235.79M
Net income	39.90M	31.74M	36.85M	91.56M	139.46M
EBITDA	183.22M	197.94M	341.48M	404.30M	463.68M
Diluted EPS	0.22	0.17	0.20	0.50	0.76
Dividends Per Share	0.06	0.06	0.06	0.14	0.21
Total Assets	1,458.98M	1,511.39M	1,913.05M	1,997.98M	1,909.82M
Total liabilities	751.43M	814.65M	1,171.48M	1,174.71M	1,047.86M
Total equity	700.78M	689.08M	732.48M	814.08M	852.96M
Operating cash flow	132.30M	226.81M	307.13M	382.28M	387.75M

Valuation Measures

Mar 2022
PER	23.65
ROA	6.92%
ROE	16.19%
Operating margin	10.45%
Profit margin	6.92%

Key executives

Chairman & Co-Chief Executive Officer: Koichi Suzuki
President, Co-CEO, COO & Representative Director: Eijiro Katsu
Chief Financial Officer & Senior Managing Director: Akihisa Watai
Managing Director, CTO & Manager-Technology Unit: Junichi Shimagami
MD, Chief Information Officer & GM-Planning: Naoshi Yoneyama

Shareholders

Nippon Telegraph & Telephone Corp. (25.9%)
SUZUKI KOICHI /IIJ/ (5.6%)
ITOCHU Techno-Solutions Corp. (4.1%)
Global Alpha Capital Management Ltd. (3.9%)
Internet Initiative Japan, Inc. (3.4%)
Dai-ichi Life Holdings, Inc. (2.7%)
Rheos Capital Works, Inc. (Investment Management) (2.4%)
Nomura Asset Management Co., Ltd. (2.0%)
The Vanguard Group, Inc. (1.4%)
Mitsubishi UFJ Financial Group, Inc. (1.4%)

Contact Details

Website:http://www.iij.ad.jp
Address: Iidabashi Grand Bloom, 2-10-2 Fujimi, Tokyo, 102-0071, Japan
Phone: +81.3.5205.6500

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Competitors

NTT DATA Corporation
Amazon.com, Inc.
Nippon Telegraph and Telephone Corporation
Fujitsu Limited
Microsoft Corporation
KDDI Corporation
SoftBank Group Corp.

Last Updated on 27 Jan, 2023