Internet Initiative Japan Ratios and Metrics

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

Millions JPY. 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	405,842	459,807	501,437	496,558	370,735	234,354
Market Cap Growth	-18.03%	-8.30%	0.98%	33.94%	58.19%	46.63%
Enterprise Value	402,218	505,814	491,502	476,831	349,996	215,753
Last Close Price	2289.50	2579.97	2780.84	2659.39	1962.93	1227.88
PE Ratio	18.11	23.07	25.29	26.36	23.66	24.13
Forward PE	15.16	19.12	21.33	24.10	21.55	27.37
PS Ratio	1.20	1.45	1.82	1.97	1.64	1.10
PB Ratio	2.65	3.24	3.95	4.16	3.54	2.58
P/TBV Ratio	3.42	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
PEG Ratio	-	6.61	6.61	6.61	6.61	6.61
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	5.52%	4.33%	3.96%	3.79%	4.23%	4.14%
FCF Yield	-	3.62%	5.79%	5.38%	9.92%	14.57%
Dividend Yield	1.70%	1.36%	1.24%	1.10%	1.22%	1.21%
Payout Ratio	-	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	1.51%	1.63%	3.04%	1.03%	1.14%	1.12%

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