Internet Initiative Japan Inc. (IIJIY), a provider of internet services, has announced its financial results for the fiscal year ended March 31, 2024. The company reported a profit attributable to owners of the parent of 19.83 billion yen, marking a 5.2% increase from the previous year’s 18.85 billion yen. Earnings per share also saw a rise to 111.23 yen from 103.82 yen in the prior year.
Annual operating profit amounted to 29.03 billion yen, reflecting a 6.6% increase compared to the previous year. Total revenues for the year reached 276.08 billion yen, up 9.2% from the prior year.
Looking ahead, the company has set its consolidated financial targets for fiscal year 2024, with revenue expected to range from 312.0 billion yen to 315.0 billion yen, representing a 13.0% to 14.1% increase year-over-year. Operating profit is forecasted to range from 30.0 billion yen to 33.0 billion yen, reflecting a 3.3% to 13.7% increase year-over-year. Profit for the year attributable to owners of the parent is expected to range from 19.9 billion yen to 21.9 billion yen, marking a 0.3% to 10.4% increase year-over-year.
Additionally, the company has outlined its fiscal year 2024-2026 mid-term plan, with a target revenue of 380 billion yen and an operating profit of 46 billion yen for fiscal year 2026.
For fiscal year 2023, the interim dividend was 17.18 yen per share of common stock, and the year-end dividend forecast is also 17.18 yen per share of common stock. The total annual dividend forecast for fiscal year 2023 is 34.36 yen per share of common stock.
Looking ahead to fiscal year 2024, the company’s interim and year-end dividend forecasts range from 17.18 yen to 18.58 yen per share of common stock. The total annual dividend forecast for fiscal year 2024 ranges from 34.36 yen to 37.16 yen per share of common stock.
