Internet Initiative Japan Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2017 - 2021
Period Ending	Jun '25 Jun 30, 2025	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	2017 - 2021
Operating Revenue	321,631	316,831	276,080	252,708	226,334	213,001	Upgrade
Other Revenue	-	-	-	-	1	-	Upgrade
Revenue	321,631	316,831	276,080	252,708	226,335	213,001	Upgrade
Revenue Growth (YoY)	12.19%	14.76%	9.25%	11.65%	6.26%	4.17%	Upgrade
Cost of Revenue	250,679	248,429	212,214	194,800	174,708	172,720	Upgrade
Gross Profit	70,952	68,402	63,866	57,908	51,627	40,281	Upgrade
Selling, General & Admin	35,042	34,032	30,824	27,272	24,337	22,181	Upgrade
Research & Development	643	643	636	546	506	471	Upgrade
Other Operating Expenses	-33	-33	25	-23	-26	-6	Upgrade
Operating Expenses	39,289	38,279	34,779	30,874	27,942	25,484	Upgrade
Operating Income	31,663	30,123	29,087	27,034	23,685	14,797	Upgrade
Interest Expense	-984	-984	-561	-496	-512	-555	Upgrade
Interest & Investment Income	321	321	335	171	123	142	Upgrade
Earnings From Equity Investments	-414	-414	-465	-204	-2,334	-407	Upgrade
Currency Exchange Gain (Loss)	47	47	533	365	326	138	Upgrade
Other Non Operating Income (Expenses)	-857	-17	-17	9	36	73	Upgrade
EBT Excluding Unusual Items	29,776	29,076	28,912	26,879	21,324	14,188	Upgrade
Gain (Loss) on Sale of Investments	201	201	149	303	3,055	479	Upgrade
Gain (Loss) on Sale of Assets	-93	-93	-127	127	-218	-634	Upgrade
Pretax Income	29,884	29,184	28,934	27,309	24,161	14,033	Upgrade
Income Tax Expense	9,320	9,080	8,958	8,330	8,361	4,233	Upgrade
Earnings From Continuing Operations	20,564	20,104	19,976	18,979	15,800	9,800	Upgrade
Minority Interest in Earnings	-171	-171	-145	-141	-128	-89	Upgrade
Net Income	20,393	19,933	19,831	18,838	15,672	9,711	Upgrade
Net Income to Common	20,393	19,933	19,831	18,838	15,672	9,711	Upgrade
Net Income Growth	4.21%	0.51%	5.27%	20.20%	61.38%	142.41%	Upgrade
Shares Outstanding (Basic)	177	177	177	181	181	180	Upgrade
Shares Outstanding (Diluted)	177	178	178	182	181	181	Upgrade
Shares Change (YoY)	-0.46%	-0.27%	-1.81%	0.07%	0.09%	0.09%	Upgrade
EPS (Basic)	115.27	112.68	111.81	104.26	86.78	53.83	Upgrade
EPS (Diluted)	115.27	112.10	111.23	103.75	86.37	53.57	Upgrade
EPS Growth	4.69%	0.78%	7.21%	20.12%	61.23%	142.15%	Upgrade
Free Cash Flow	-	16,624	29,036	26,742	36,789	34,154	Upgrade
Free Cash Flow Per Share	-	93.49	162.86	147.28	202.75	188.39	Upgrade
Dividend Per Share	35.000	35.000	34.360	29.255	24.000	14.875	Upgrade
Dividend Growth	1.86%	1.86%	17.45%	21.90%	61.35%	120.37%	Upgrade
Gross Margin	-	21.59%	23.13%	22.91%	22.81%	18.91%	Upgrade
Operating Margin	9.84%	9.51%	10.54%	10.70%	10.46%	6.95%	Upgrade
Profit Margin	6.34%	6.29%	7.18%	7.45%	6.92%	4.56%	Upgrade
Free Cash Flow Margin	-	5.25%	10.52%	10.58%	16.25%	16.04%	Upgrade
EBITDA	63,279	61,495	58,383	55,835	52,129	42,770	Upgrade
EBITDA Margin	-	19.41%	21.15%	22.10%	23.03%	20.08%	Upgrade
D&A For EBITDA	31,616	31,372	29,296	28,801	28,444	27,973	Upgrade
EBIT	31,663	30,123	29,087	27,034	23,685	14,797	Upgrade
EBIT Margin	-	9.51%	10.54%	10.70%	10.46%	6.95%	Upgrade
Effective Tax Rate	-	31.11%	30.96%	30.50%	34.61%	30.16%	Upgrade

Updated Feb 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.