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IIJ Announces Full Year And Fourth Quarter Financial Results For The Fiscal Year Ended March 31, 2014

Stocks in this article: IIJI

TOKYO, May 15, 2014 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (Nasdaq:IIJI) (TSE:3774) today announced its full year ("FY2013") and 4 th quarter ("4Q13") consolidated financial results for the fiscal year ended March 31, 2014 (from April 1, 2013 to March 31, 2014). 1

  Highlights of Financial Results for FY2013  
Revenues  JPY114,272 million (up 7.6% YoY)
Operating Income  JPY5,723 million (down 26.2% YoY)
Net Income attributable to IIJ  JPY4,442 million (down 16.2% YoY)
  Financial Targets for FY2014  
Revenues  JPY123,000 million  (up 7.6% YoY)  
Operating Income  JPY7,200 million (up 25.8% YoY)
Net Income attributable to IIJ  JPY4,500 million (up 1.3% YoY)
Annual Cash Dividend JPY22.00 per share 

Overview of FY2013 Financial Results and Business Outlook

"Our business bases have been largely strengthened with several unconventional transactions in FY2013, while income results were weak mainly due to certain large customers' revenues leveling off as we reported in 3Q earnings. We've pursued some progressive large-scale projects by leveraging our cloud facilities and services, MVNO (Mobile Virtual Network Operator) infrastructure and system integration features. We strongly believe these projects should surely contribute to our continuous revenue and income growth for the coming few years," said Koichi Suzuki, Founder and CEO of IIJ.

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