IIJ reports 7.9% growth in revenue to JPY 82.7bn in 3Q13

7 Feb 2014

Japanese broadband and network services provider Internet Initiative Japan (IIJ) has published its financial results for the three months ended 31 December 2013 (3Q FY2013) reporting a 7.9% surge in revenue year-on-year to JPY82.746 billion (USD809.67 million). The company, however, experienced a drop in net profit, which reached JPY2.924 billion at end-December 2013, a 6.0% decrease on the JPY3.112 billion reported in 3Q FY2012. Revenue generated by the network services and system integration (SI) business dominated the total turnover, amounting to JPY81.029 billion by end-December 2013, up from JPY75.399 billion in 3Q12, while the company’s ATM business contributed JPY2.070 billion in the period under review. IIJ reported adjusted EBITDA of JPY10.715 billion at 31 December 2013, a marginal 1.2% increase on the JPY10.586 billion reported in the corresponding period of 2012, while CAPEX increased by 16.7% y-o-y to JPY9.863 billion.

IIJ CEO Koichi Suzuki commented: ‘We can anticipate continuous growth of network and outsourcing demands, strong SI orders next year… We are still in the middle of business investment and we continuously pursue a business expansion strategy. Also, with further investment and cost control , we believe we will get back [on] track [with] strong income growth in the next fiscal year.’

Japan, Internet Initiative Japan (IIJ)