ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Internet Initiative Japan, Inc.

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 JPYUSD
Gross Profit48,500.01M431.59M
Operating income23,658.21M210.53M
Income before tax26,497.15M235.79M
Net income15,672.10M139.46M
Diluted EPS86.360.76
Dividends Per Share240.21
Total Assets231,805.07M1,909.82M
Total liabilities127,184.27M1,047.86M
Total equity103,528.12M852.96M
Operating cash flow43,572.79M387.75M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 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 2018Mar 2019Mar 2020Mar 2021Mar 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
Operating margin10.45%
Profit margin6.92%

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


  • 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:
  • Address: Iidabashi Grand Bloom, 2-10-2 Fujimi, Tokyo, 102-0071, Japan
  • Phone: +81.3.5205.6500

Related Companies

  • Internet Initiative Japan Restricted Stock Compensation Plan
  • IIJ Europe Ltd.
  • IIJ Global Solutions Hong Kong Ltd.
  • Trust Networks Inc.
  • Atom Co., Ltd. (Chiyoda)
  • IIJ Global Solutions, Inc.
  • On Demand Solutions, Inc.
  • IIJ Innovation Institute, Inc.
  • I HEART, Inc.
  • GDX Japan, Inc.
  • Net Chart Japan, Inc.
  • IIJ Protech, Inc.
  • IIJ America, Inc.
  • PTC System (S) Pte Ltd.
  • IIJ Technology, Inc.


  • NTT DATA Corporation
  •, Inc.
  • Nippon Telegraph and Telephone Corporation
  • Fujitsu Limited
  • Microsoft Corporation
  • KDDI Corporation
  • SoftBank Group Corp.
Last Updated on 27 Jan, 2023

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more