Internet Initiative Japan (IIJ), one of the country’s largest internet service providers (ISPs), has reported first-half net income of JPY2.01 billion (USD26 million), up 47.4% year-on-year. Operating income jumped 33% to JPY3.26 billion, while revenues grew 8.3% to JPY51.11 billion. IIJ is forecasting sales of JPY107 billion for the full financial year to end-March 2013, with operating income at JPY7.5 billion and net income of approximately JPY4.0 billion. The firm claimed 431,620 residential customers and 100,282 corporate subscribers at the end of September 2012, up by 55,482 and 8,878 respectively in twelve months.
Koichi Suzuki, president and CEO of IIJ, commented: ‘Revenues and income in this first half fairly exceed our interim target as a result of continuous accumulation of monthly recurring type services orders and gradually recovering systems construction revenues.’