Internet Initiative Japan Inc. (FRA:IIJ)

Internet Initiative Japan Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	331,719	316,831	276,080	252,708	226,334	213,001
Other Revenue	-	-	-	-	1	-
Revenue	331,719	316,831	276,080	252,708	226,335	213,001
Revenue Growth (YoY)	12.48%	14.76%	9.25%	11.65%	6.26%	4.17%
Cost of Revenue	258,860	248,429	212,214	194,800	174,708	172,720
Gross Profit	72,859	68,402	63,866	57,908	51,627	40,281
Selling, General & Admin	35,962	34,032	30,824	27,272	24,337	22,181
Research & Development	643	643	636	546	506	471
Other Operating Expenses	-1,112	-33	25	-23	-26	-6
Operating Expenses	39,130	38,279	34,779	30,874	27,942	25,484
Operating Income	33,729	30,123	29,087	27,034	23,685	14,797
Interest Expense	-952	-984	-561	-496	-512	-555
Interest & Investment Income	851	321	335	171	123	142
Earnings From Equity Investments	-549	-414	-465	-204	-2,334	-407
Currency Exchange Gain (Loss)	47	47	533	365	326	138
Other Non Operating Income (Expenses)	-17	-17	-17	9	36	73
EBT Excluding Unusual Items	33,109	29,076	28,912	26,879	21,324	14,188
Gain (Loss) on Sale of Investments	201	201	149	303	3,055	479
Gain (Loss) on Sale of Assets	-93	-93	-127	127	-218	-634
Pretax Income	33,217	29,184	28,934	27,309	24,161	14,033
Income Tax Expense	10,530	9,080	8,958	8,330	8,361	4,233
Earnings From Continuing Operations	22,687	20,104	19,976	18,979	15,800	9,800
Minority Interest in Earnings	-195	-171	-145	-141	-128	-89
Net Income	22,492	19,933	19,831	18,838	15,672	9,711
Net Income to Common	22,492	19,933	19,831	18,838	15,672	9,711
Net Income Growth	18.49%	0.51%	5.27%	20.20%	61.38%	142.41%
Shares Outstanding (Basic)	177	177	177	181	181	180
Shares Outstanding (Diluted)	178	178	178	182	181	181
Shares Change (YoY)	0.08%	-0.27%	-1.81%	0.07%	0.09%	0.09%
EPS (Basic)	127.07	112.68	111.81	104.26	86.78	53.83
EPS (Diluted)	126.42	112.10	111.23	103.75	86.37	53.57
EPS Growth	18.39%	0.78%	7.21%	20.12%	61.23%	142.15%
Free Cash Flow	27,228	16,624	29,036	26,742	36,789	34,154
Free Cash Flow Per Share	153.04	93.49	162.86	147.28	202.75	188.39
Dividend Per Share	37.000	35.000	34.360	29.255	24.000	14.875
Dividend Growth	6.69%	1.86%	17.45%	21.90%	61.35%	120.37%
Gross Margin	21.96%	21.59%	23.13%	22.91%	22.81%	18.91%
Operating Margin	10.17%	9.51%	10.54%	10.70%	10.46%	6.95%
Profit Margin	6.78%	6.29%	7.18%	7.45%	6.92%	4.56%
Free Cash Flow Margin	8.21%	5.25%	10.52%	10.58%	16.25%	16.04%
EBITDA	65,815	61,495	58,383	55,835	52,129	42,770
EBITDA Margin	19.84%	19.41%	21.15%	22.10%	23.03%	20.08%
D&A For EBITDA	32,086	31,372	29,296	28,801	28,444	27,973
EBIT	33,729	30,123	29,087	27,034	23,685	14,797
EBIT Margin	10.17%	9.51%	10.54%	10.70%	10.46%	6.95%
Effective Tax Rate	31.70%	31.11%	30.96%	30.50%	34.61%	30.16%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.