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IIJ Announces Full Year And Fourth Quarter Financial Results For The Fiscal Year Ended March 31, 2013

Stocks in this article: IIJI

TOKYO, May 15, 2013 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (Nasdaq:IIJI) (TSE:3774) today announced its full year ("FY2012") and 4 th quarter ("4Q12") consolidated financial results for the fiscal year ended March 31, 2013 (from April 1, 2012 to March 31, 2013). 1

 
Highlights of Financial Results for FY2012
     
Revenues JPY106,248 million ($1,128.4 million, up 9.2% YoY)
Operating Income  JPY7,753 million ($82.3 million, up 22.0% YoY)
Net Income attributable to IIJ  JPY5,301 million ($56.3 million, up 45.6% YoY)
     
▪  Revenues increased by 9.2% YoY. Revenues for network services, systems integration and ATM operation business each continued to grow YoY.
▪  Operating income increased by 22.0% YoY. Gross margin of network services, systems integration and ATM operation business each increased while SG&A slightly increased. 
     
Financial Target for FY2013
     
Revenues  JPY117,000 million ($1,242.6 million, up 10.1% YoY)
Operating Income  JPY9,400 million ($99.8 million, up 21.2% YoY)
Net Income attributable to IIJ  JPY6,000 million ($63.7 million, up 13.2% YoY)
Annual Cash Dividend  JPY22.00 per share (up 17.3% YoY)
     

Overview of FY2012 Financial Results and Business Outlook

"We finished pretty well this fiscal year as each of our business progressed as planned. Our revenues exceeded JPY100 billion for the first time since the inception of the company. The business developments we accomplished should position IIJ for further growth in the coming years," said Koichi Suzuki, the founder and CEO of IIJ.

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