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Internet Initiative Japan, Apr-Dec (Cumulative 3Q) Net Income Increases by 18%
3774 Internet Initiative Japan Inc. 【IFRS】
Earnings ReportInternet Initiative Japan Inc. <3774> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on February 6th. The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 18.0% from the same period last year, reaching 16.2 billion yen. Progress toward the full-year plan of 23.0 billion yen was 70.8%, exceeding the five-year average of 67.4%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to grow 9.4% from the same period last year, reaching 6.72 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated net income amounted to 6.24 billion yen, a 1.1% decrease compared to the same period last year. The operating profit margin decreased from 10.8% in the same period last year to 10.3%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 201,098 | 20,280 | 19,645 | 12,979 | 73.1 | 67.9 | Feb 7, 2024 | IFRS |
| Apr - Dec, 2024 | 229,310 | 20,705 | 20,588 | 13,786 | 77.9 | 70.5 | Feb 7, 2025 | IFRS |
| Apr - Dec, 2025 | 249,331 | 24,412 | 24,631 | 16,274 | 91.9 | 73.1 | Feb 6, 2026 | IFRS |
| YoY | +8.7% | +17.9% | +19.6% | +18.0% | +17.9% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 169,809 | 18,322 | 18,068 | 12,460 | 70.4 | 17.50 | May 13, 2025 | IFRS |
| Oct - Mar, 2025 Guidance | 178,090 | 21,112 | 18,551 | 12,968 | 73.2 | 19.50 | Nov 7, 2025 | IFRS |
| YoY | +4.9% | +15.2% | +2.7% | +4.1% | +3.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 276,080 | 29,029 | 28,934 | 19,831 | 111.8 | 34.36 | May 10, 2024 | IFRS |
| Mar, 2025 | 316,831 | 30,104 | 29,184 | 19,933 | 112.7 | 35 | May 13, 2025 | IFRS |
| Mar, 2026 Guidance | 340,000 | 36,500 | 33,700 | 23,000 | 129.8 | 39 | May 13, 2025 | IFRS |
| YoY | +7.3% | +21.2% | +15.5% | +15.4% | +15.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 82,288 | 8,923 | 9,472 | 6,313 | 35.7 | 10.8 | Feb 7, 2025 | IFRS |
| Jan - Mar, 2025 | 87,521 | 9,399 | 8,596 | 6,147 | 34.8 | 10.7 | May 13, 2025 | IFRS |
| Apr - Jun, 2025 | 76,821 | 6,031 | 5,737 | 3,777 | 21.4 | 7.9 | Aug 7, 2025 | IFRS |
| Jul - Sep, 2025 | 85,089 | 9,357 | 9,412 | 6,255 | 35.3 | 11.0 | Nov 7, 2025 | IFRS |
| Oct - Dec, 2025 | 87,421 | 9,024 | 9,482 | 6,242 | 35.2 | 10.3 | Feb 6, 2026 | IFRS |
| YoY | +6.2% | +1.1% | +0.1% | -1.1% | -1.3% |
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