IIJ Revises Its First Half And Full-Year Financial Targets For FY2016

TOKYO, Nov. 04, 2016 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (NASDAQ:IIJI) (TSE1:3774) has revised its first half ("1H16", from April 1, 2016 to September 30, 2016) and full-year ("FY2016", from April 1, 2016 to March 31, 2017) financial targets for the fiscal year ending March 31, 2017 from the targets announced on May 13, 2016 based on the recent financial performance.

The dividend targets remain unchanged from what we announced on May 13, 2016: annual cash dividend JPY27.00 per ordinary share. The distribution of the interim dividend was resolved today by the IIJ's Board of Directors as JPY13.50 per ordinary share. 1

1. Revision for the Consolidated Financial Targets for 1H16 (From April 1, 2016 to September 30, 2016)
  TotalRevenues Operating Income Income before Income Tax Expense Net Income attributable to IIJ Basic Net Income attributable to IIJ per Share
JPY millions JPY millions JPY millions JPY millions JPY
Previous Target (A)   73,800     2,800     2,800     1,900   41.35
New Target (B)   74,123     1,948     2,105     1,108   24.11
Change (B-A)   323     (852 )   (695 )   (792 )
Change (%)   0.4 %   (30.4 %)   (24.8 %)   (41.7 %)
< Reference >1H15 Results   65,334     2,563     2,647     1,652   35.96

2. Revision for the Consolidated Financial Targets for FY2016 (From April 1, 2016 to March 31, 2017)
  TotalRevenues Operating Income Income before Income Tax Expense Net Income attributable to IIJ Basic Net Income attributable to IIJ per Share
JPY millions JPY millions JPY millions JPY millions JPY
Previous Target (A)   159,000     7,300     7,300     5,000   108.81
New Target (B)   158,000     5,000     5,100     3,000   65.67
Change (B-A)   (1,000 )   (2,300 )   (2,200 )   (2,000 )
Change (%)   (0.6 %)   (31.5 %)   (30.1 %)   (40.0 %)
< Reference >FY2015 Results   140,648     6,140     6,193     4,038   87.88
                           

3. Reason for Revision

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