Internet Initiative Japan Inc.

Internet Initiative Japan Inc.

IIJIF
Internet Initiative Japan Inc.US flagOther OTC
18.51
USD
- -
- -
3.28BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
644.78
669.59
765.22
864.07
977.71
1,067.39
1,133.94
1,180.78
1,253.29
1,398.62
1,556.58
1,791.03
1,949.37
1,952.39
Basic EPS, GAAP
- -
- -
- -
- -
24.54
- -
- -
- -
86.78
104.34
- -
- -
136.51
136.73
Free Cash Flow per Basic Share
-1.9
25.88
6.27
-17.83
-14.14
70.29
119.54
163.74
177.5
117.73
123.12
47.56
124
124.19
Dividend per Share
5.14
5.5
5.5
6.17
6.75
6.75
6.75
8.5
21.24
27.12
32.04
34.68
36.98
37.04
Book Value per Share
127.69
135.73
152.23
171.16
195.23
209.97
233.09
280.38
346.56
424.85
514.07
596.17
698.86
699.94
Tangible Book Value per Share
281.4
286.95
302.64
255.26
285.17
289.65
308.86
376.6
435.89
514.45
554.49
626.11
711.37
712.47
Basic Weighted Avg Shares
177
184
184
183
180
180
180
180
181
181
177
177
177
177
Sales/Revenue/Turnover
114,272
123,050
140,648
157,789
176,233
192,430
204,474
213,002
226,335
252,708
276,080
316,831
345,395
345,395
Operating Margin (%)
5.01
4.12
4.37
3.25
3.84
3.13
4.02
6.69
10.4
10.77
10.51
9.5
10.09
10.09
Depreciation Expense
8,823
9,677
9,922
10,894
13,412
15,629
28,520
27,974
28,444
28,801
29,296
31,372
32,674
32,674
Net Income, GAAP
- -
- -
- -
- -
4,423
- -
- -
- -
15,672
18,852
- -
- -
24,188
24,188
Effective Tax Rate (%)
28.61
36.91
35.26
41
33.17
36.7
41.42
30.17
34.61
30.45
30.96
31.11
30.74
30.74
Profit Margin (%)
- -
- -
- -
- -
2.51
- -
- -
- -
6.92
7.46
- -
- -
7
7
Working Capital
19,234
18,345
17,340
21,506
23,706
26,067
20,904
20,146
27,708
28,814
21,531
16,880
22,626
22,626
LT Debt
4,603
4,340
7,779
8,500
15,500
14,000
12,170
7,000
5,500
3,602
47
- -
- -
- -
Total Equity
60,181
62,844
65,344
68,675
75,247
77,120
80,057
90,972
104,621
119,427
127,032
142,086
159,471
159,471
Return on Invested Capital (%)
5.86
3.99
4.74
3.47
4.79
3.69
4.48
8.67
12.23
13.71
13.08
12.08
12.66
12.66
Return on Capital (%)
-0.16
0.18
0.01
0.03
8.24
0.15
0.25
0.43
19.55
20.76
0.27
0.44
16.55
16.55
Return on Common Equity (%)
- -
- -
- -
- -
13.31
- -
- -
- -
27.7
27.06
- -
- -
21.1
21.1

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
35,586
35,570
35,570
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
177
177
177
Market Capitalization
482,573
502,087
417,131

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
138,705
143,051
152,167
Cash, Cash Equivalents & STI
41,112
43,425
41,578
Accounts Receivable, Net
51,605
50,928
62,084
Inventories
6,412
5,471
7,132
Total Current Liabilities
124,319
123,180
129,541
Payables & Accruals
- -
- -
- -
ST Debt
35,586
35,570
35,570
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.42%
11.92%
12.24%
Free Cash Flow
-81.68%
15.44%
161.14%
Net Income, GAAP
- -
- -
28.3%
Sales/Revenue/Turnover
9.44%
10.19%
9.02%
Total Cash Common Dividend
25.41%
41.73%
6.83%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
61,420
66,778
72,900
74,982
276,080
2025
72,016
75,006
82,288
87,521
316,831
2026
76,821
85,089
87,421
96,064
345,395

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20.01
26.8
26.34
- -
- -
2025
18.78
- -
- -
- -
- -
2026
21.35
- -
- -
- -
136.51

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14.77
- -
17.18
- -
32.04
2025
17.17
- -
- -
- -
34.68
2026
17.5
- -
- -
- -
36.98

Company Description

APIChat
CEO
Koichi Suzuki
Full Time Employees
5,206
Sector
Communication Services
Industry
Telecommunications Services
Address
Iidabashi Grand Bloom Tokyo Japan 102-0071
IPO Date
Jun 8, 2017
Website
iij.ad.jp
Business
Internet Initiative Japan Inc is a leading Japanese internet service provider and comprehensive network solutions company founded in 1992 and headquartered in Tokyo, Japan. The company offers a broad portfolio of products and services including high-quality internet connectivity, WAN and network services such as software-defined networking (SDN), multi-cloud network integration, closed connection, internet VPN, remote access, wireless LAN, and leased lines; mobile communication services including multi-purpose SIM cards; cloud computing services encompassing private cloud, PaaS solutions, and integration with Microsoft 365 and AWS; security services including managed firewall, DDoS protection, managed IPS/IDS, security audits, and malware analysis; system integration; IT outsourcing; data center services including construction engineering; DX edge services; and domain name registration and management. IIJ operates a robust infrastructure with network operation centers in Japan and internationally in the U.S., U.K., Singapore, and Hong Kong. Recent major developments include a strategic acquisition of an 11.5% stake by Japanese telecommunications company KDDI, replacing NTT as the largest shareholder while continuing operational independence, and multiple partnerships such as the establishment of a joint venture with Sony Semiconductor Solutions Corporation to launch soil moisture sensors and irrigation navigation services for smart agriculture starting in April 2026. IIJ is also collaborating with Preferred Networks and Mitsubishi Corporation to offer cloud services featuring high-performance AI-oriented semiconductors from 2026, focusing on accelerating digital transformation in business IT environments. The company continues to enhance its service offerings with new multi-cloud services and has seen leadership changes with Yasuhiko Taniwaki appointed as representative director as of 2025. IIJ primarily serves high-end corporate clients and operates extensively across Japan and internationally with a focus on technology innovation in network and cloud services.