Japanese broadband and network services provider Internet Initiative Japan (IIJ) has published its full-year financial results for the period ended 31 March 2017, reporting total revenues of JPY157.7 billion (USD1.3 billion), a 12% increase on the year ago period, when the figure stood at JPY140.6 billion. Operating income, however, dropped 16% to JPY5.1 billion from JPY6.1 billion in the twelve months to end-March 2016. Net income also fell from JPY4.0 billion to JPY3.1 billion over the same timeframe, signifying a 22% reduction. Adjusted EBITDA was stable year-on-year at JPY16.1 billion, with CAPEX standing at JPY16.5 billion for the year ended 31 March 2017, compared with JPY14.8 billion in the year-ago period.
In operational terms IJJ recorded a total of 1.4 million subscribers at 31 March 2017, up from 1.2 million at end-March 2016. Enterprise users almost doubled in the fiscal year ended 31 March 2017, standing at 933,496, a big jump from 510,067 one year previously.