Japanese broadband and network services provider Internet Initiative Japan (IIJ) has published its financial results for the year ending 31 March 2013 (FY2012), reporting a 9.2% surge in revenue year-on-year to JPY106.25 billion (USD1.04 billion). The company experienced a stable growth in its profits of over 45.6%, as net income attributable to IIJ reached JPY5.3 billion at end-March 2013 from JPY3.64 billion reported in the previous financial year. Revenue generated by broadband services and system integration (SI) business dominated the total turnover, amounting to JPY104.49 billion in FY2012 from JPY96.5 billion the year before, while equipment sales contributed JPY1.49 billion to the total, and ATM operation business – JPY2.32 billion. IIJ posted EBITDA of JPY15.31 billion in FY2012, an overall increase of 13.12% from JPY13.53 billion reported in FY2011, while CAPEX decreased by 4.09% to JPY10.41 billion.
The company also outlined its financial targets for FY2013, with estimated revenues of JPY117.0 billion and operating income of JPY9.40 billion by end-March 2014. IIJ also forecasts an increase of more than 13% in net profits, as the expected earnings for FY2013 amount to JPY 6.0 billion.