Internet Initiative Japan Ratios and Metrics

Market cap in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 11, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Capitalization	2,632	3,071	3,315	3,735	3,053	2,119
Market Cap Growth	-17.45%	-7.38%	-11.25%	22.35%	44.08%	42.66%
Enterprise Value	2,608	3,378	3,249	3,587	2,882	1,951
Last Close Price	29.00	32.90	38.70	41.59	34.10	23.31
PE Ratio	18.41	23.07	25.29	26.36	23.66	24.13
PS Ratio	1.22	1.45	1.82	1.97	1.64	1.10
PB Ratio	2.69	3.24	3.95	4.16	3.54	2.58
P/TBV Ratio	3.47	4.21	5.17	5.42	4.78	3.50
P/FCF Ratio	-	27.66	17.27	18.57	10.08	6.86
P/OCF Ratio	-	16.12	12.30	12.89	8.51	5.78
EV/Sales Ratio	1.19	1.60	1.78	1.89	1.55	1.01
EV/EBITDA Ratio	6.18	8.23	8.42	8.54	6.71	5.05
EV/EBIT Ratio	12.04	16.79	16.90	17.64	14.78	14.58
EV/FCF Ratio	-	30.43	16.93	17.83	9.51	6.32
Debt / Equity Ratio	0.23	0.24	0.24	0.17	0.21	0.28
Debt / EBITDA Ratio	-	0.55	0.52	0.37	0.42	0.60
Debt / FCF Ratio	-	2.02	1.04	0.76	0.59	0.75
Net Debt / Equity Ratio	-0.03	0.01	-0.12	-0.18	-0.24	-0.19
Net Debt / EBITDA Ratio	-0.08	0.02	-0.26	-0.39	-0.49	-0.39
Net Debt / FCF Ratio	-	0.07	-0.53	-0.82	-0.69	-0.49
Asset Turnover	1.05	1.08	1.06	1.06	1.00	1.00
Inventory Turnover	43.95	62.83	66.16	67.22	73.11	74.34
Quick Ratio	0.86	0.78	0.93	1.08	1.11	1.06
Current Ratio	0.91	1.15	1.22	1.37	1.36	1.27
Return on Equity (ROE)	-	14.94%	16.22%	16.95%	16.16%	11.46%
Return on Assets (ROA)	-	6.42%	6.99%	7.07%	6.54%	4.33%
Return on Invested Capital (ROIC)	22.84%	16.28%	19.22%	21.31%	20.23%	14.43%
Return on Capital Employed (ROCE)	14.80%	15.10%	16.60%	16.10%	15.30%	10.00%
Earnings Yield	5.43%	4.33%	3.96%	3.79%	4.23%	4.14%
FCF Yield	-	3.62%	5.79%	5.38%	9.92%	14.57%
Dividend Yield	0.89%	0.71%	0.59%	0.53%	0.58%	0.58%
Payout Ratio	32.05%	30.77%	28.65%	26.02%	24.48%	15.79%
Buyback Yield / Dilution	-0.20%	0.27%	1.81%	-0.07%	-0.09%	-0.09%
Total Shareholder Return	0.69%	0.98%	2.40%	0.46%	0.49%	0.48%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.