Internet Initiative Japan Inc.

Internet Initiative Japan Inc.

IIJIY
Internet Initiative Japan Inc.US flagOther OTC
40.13
USD
+0.13
- -
3.56BMarket Cap
Internet Initiative Japan Inc.
IIJIY
(Other OTC)

Recent

price

40.13

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,016.79
1,200.32
1,310.52
1,289.56
1,339.18
1,530.44
1,728.14
1,955.42
2,134.77
2,267.88
2,361.57
2,506.59
2,797.25
3,113.16
3,582.05
- -
3,904.78
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
49.08
- -
- -
- -
173.56
208.67
- -
- -
- -
273.45
Basic EPS, GAAP
107.64
67.74
49.95
-3.8
51.75
12.55
-35.66
-28.29
140.58
239.07
327.48
355.01
235.45
246.24
95.12
- -
248.38
Free Cash Flow per Basic Share
6.25
7.5
8.75
10.28
11
11
12.33
13.5
13.5
13.5
17
42.48
54.25
64.07
69.35
- -
74.08
Dividend per Share
34.67
72.08
128.71
255.37
271.47
304.47
342.31
390.46
419.94
466.18
560.76
693.12
849.71
1,028.15
1,192.34
- -
1,399.89
Book Value per Share
219.58
265.33
331.46
562.8
573.9
605.28
510.52
570.33
579.3
617.72
753.2
871.78
1,028.89
1,108.99
1,252.22
- -
1,424.95
Tangible Book Value per Share
81
81
81
89
92
92
91
90
90
90
90
90
90
89
88
- -
88
Basic Weighted Avg Shares
82,418
97,315
106,248
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
Sales/Revenue/Turnover
5.02
6.53
7.3
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
Operating Margin (%)
5,851
7,144
7,508
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
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
4,423
- -
- -
- -
15,672
18,852
- -
- -
24,188
24,188
Net Income, GAAP
24.93
42.26
33.62
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
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
2.51
- -
- -
- -
6.92
7.46
- -
- -
7
7
Profit Margin (%)
372
4,230
5,057
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
Working Capital
3,627
6,731
6,350
4,603
4,340
7,779
8,500
15,500
14,000
12,170
7,000
5,500
3,602
47
- -
- -
- -
LT Debt
29,641
32,696
37,634
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
Total Equity
7.07
7.03
9.03
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 Invested Capital (%)
2.4
0.99
0.62
-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 Capital (%)
- -
- -
- -
- -
- -
- -
- -
13.31
- -
- -
- -
27.7
27.06
- -
- -
21.1
21.1
Return on Common Equity (%)

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
451,431
489,750
417,412

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
40.02
53.6
52.68
- -
- -
2025
37.56
- -
- -
- -
- -
2026
42.7
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
29.53
- -
34.36
- -
64.07
2025
34.35
- -
- -
- -
69.35
2026
35
- -
- -
- -
- -
Business
Internet Initiative Japan Inc. delivers a broad spectrum of Internet and IT solutions, alongside systems integration and network hardware distribution, primarily within Japan. The company organizes its operations across two key divisions: network services and systems integration, and its automated teller machine management business. Its offerings encompass mobile communications and remote access tools; comprehensive wide area network services, including software-defined networking, multi-cloud connectivity, private connections, internet virtual private networks, proprietary routing technology, wireless local area networks, and educational network solutions. Additionally, the firm provides dedicated lines and high-speed broadband, robust DNS platforms, domain registration and maintenance, access identity management, and IPv6 fiber access services. Specialized security solutions are also a core focus, with managed firewall services, distributed denial-of-service protection, and managed intrusion prevention/detection systems. Cloud computing platforms are extensively offered, featuring infrastructure as a service, cloud storage, monitoring and operational support, virtual desktops, platform as a service, software as a service, Internet of Things and machine-to-machine communications, identity management, authentication, networking, global solutions, mobile options, licensing, and tailored industry solutions, as well as cloud exchange and integration services. Furthermore, the company delivers network, email, and web security, endpoint protection, security evaluations, web and email hosting, online storage, content delivery networks, and full systems integration. Industry-specific IoT services cater to manufacturing, agriculture, and energy sectors, alongside general IoT-focused mobile connectivity. Expanding its portfolio, the company provides IT outsourcing, expert consulting, cognitive factory initiatives, private cloud environments, sophisticated network solutions, security audits, malware analysis, content management, cloud integration for major platforms, Microsoft 365 migration assistance, and data center services, including construction engineering and digital transformation edge services. Established in 1992, Internet Initiative Japan is headquartered in Tokyo, Japan.

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