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Internet Initiative Japan, Apr-Dec (Cumulative 3Q) Net Income Increases by 6%, Oct-Dec Net Income Increases by 36%

Fri Feb 7, 2025 12:00 pm JST Earnings

3774 Internet Initiative Japan Inc. 【IFRS】

Earnings Report

Internet Initiative Japan Inc. <3774> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on February 7th. The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 6.2% from the same period last year, reaching 13.7 billion yen. However, the progress rate toward the full-year plan of 20.6 billion yen was 66.9%, also falling below the five-year average of 70.3%.

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 nearly flat at 6.81 billion yen, down 0.6% from the same period last year.

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 35.6% from the same period last year, reaching 6.31 billion yen. However, the operating profit margin decreased from 11.2% in the same period last year to 10.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 185,339 18,790 19,018 12,854 71.1 69.6 Feb 8, 2023 IFRS
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 67.3 Feb 7, 2025 IFRS
YoY +14.0% +2.1% +4.8% +6.2% +6.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 147,882 16,949 16,382 11,509 64.9 17.18 May 10, 2024 IFRS
Oct - Mar, 2024 Guidance 164,978 20,218 19,484 13,127 74.2 17.50 Nov 8, 2024 IFRS
YoY +11.6% +19.3% +18.9% +14.1% +14.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 252,708 27,221 27,309 18,852 104.3 29.26 May 12, 2023 IFRS
Mar, 2024 276,080 29,029 28,934 19,831 111.8 34.36 May 10, 2024 IFRS
Mar, 2025 Guidance 312,000 32,000 30,600 20,600 116.4 35 Aug 7, 2024 IFRS
YoY +13.0% +10.2% +5.8% +3.9% +4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 72,900 8,200 7,093 4,657 26.2 11.2 Feb 7, 2024 IFRS
Jan - Mar, 2024 74,982 8,749 9,289 6,852 38.6 11.7 May 10, 2024 IFRS
Apr - Jun, 2024 72,016 4,482 5,039 3,322 18.8 6.2 Aug 7, 2024 IFRS
Jul - Sep, 2024 75,006 7,300 6,077 4,151 23.5 9.7 Nov 8, 2024 IFRS
Oct - Dec, 2024 82,288 8,923 9,472 6,313 35.7 10.8 Feb 7, 2025 IFRS
YoY +12.9% +8.8% +33.5% +35.6% +36.1%

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