IIJ to merge with its subsidiary IIJ Exlayer

7 Nov 2013

Japanese internet service provider (ISP) Internet Initiative Japan (IIJ) has announced that the company will absorb its 99.9%-owned holding company IIJ Exlayer, with the subsidiary to subsequently be dissolved on 1 January 2014. According to a press release, IIJ Exlayer is a holding company which supervises overseas system integration (SI) subsidiaries, and IIJ pointed out that the purpose of the merger is ‘to improve group management efficiency by centralising administrative operations’.

IIJ Exlayer generated revenue of JPY88 million (USD892,320) in the fiscal year ended 31 December 2012, with operating income of JPY400,000; however, the firm posted a net loss of JPY6.0 million for the period under review.

Japan, Internet Initiative Japan (IIJ)