kabutan

Internet Initiative Japan, First Half Net Income Increases by 34%, Jul-Sep Net Income Increases by 51%

Fri Nov 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 November 7th. The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 10.0 billion yen, an increase 34.2% compared to the same period last year. Progress toward the full-year plan of 23.0 billion yen was 43.6%, exceeding the five-year average of 39.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow 4.1% from the same period last year, reaching 12.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 50.7% from the same period last year, reaching 6.25 billion yen. The operating profit margin improved from 9.7% in the same period last year to 11.0%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 128,198 12,080 12,552 8,322 46.8 43.4 Nov 6, 2023 IFRS
Apr - Sep, 2024 147,022 11,782 11,116 7,473 42.3 38.1 Nov 8, 2024 IFRS
Apr - Sep, 2025 161,910 15,388 15,149 10,032 56.6 45.0 Nov 7, 2025 IFRS
YoY +10.1% +30.6% +36.3% +34.2% +34.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 158,000 15,500 13,900 9,400 53.0 19.50 May 13, 2025 IFRS
Apr - Sep, 2025 Results 161,910 15,388 15,149 10,032 56.6 19.50 Nov 7, 2025 IFRS
Revision Rate +2.5% -0.7% +9.0% +6.7% +6.8%

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
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
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
YoY +13.4% +28.2% +54.9% +50.7% +50.5%

Related Articles