Internet Initiative Japan Inc. logo

Internet Initiative Japan Inc.

3774.T

JPXCommunication ServicesTelecommunications Services

Latest quote

¥3,362

−¥19.00 · -0.56%

Aug 24, 1:23 PM JST

3774.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Internet Initiative Japan Inc. (IIJ), established in Tokyo in 1992, is a leading technology company in Japan offering a diverse portfolio of internet and IT services. The company operates through two primary divisions: Network Services and Systems Integration Business, and ATM Operation Business. IIJ delivers fundamental internet access and wide area network (WAN) services, encompassing mobile communication, remote/telework access, software-defined networking (SDN), multi-cloud network solutions, closed connections, internet VPNs, and wireless LAN services like GIGA-school. They also provide leased lines, broadband, DNS platforms, and domain management. Their robust cybersecurity offerings include managed firewalls, DDoS protection, intrusion prevention/detection systems (IPS/IDS), comprehensive network, mail, and web security, endpoint protection, security assessments, and consulting services, alongside malware analysis and security audits. The company's extensive cloud computing solutions cover Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), cloud storage, virtual desktops, monitoring/operation services, and specialized solutions for IoT/M2M, identity management, and global deployments. They also facilitate cloud exchange and integration, including specific support for Microsoft and AWS environments, and Microsoft 365 transitions. Furthermore, IIJ specializes in IT outsourcing, complex systems integration, and the sale of network equipment. Their services extend to web and mail hosting, online storage, content delivery networks (CDNs), and bespoke IoT solutions for industrial, agricultural, and energy sectors. Additional offerings comprise IT consulting, private cloud infrastructure, network solutions, data center services (including design and construction), and advanced Digital Transformation (DX) edge services.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
JP
CEO
Koichi Suzuki
Listed since
Dec 2, 2005
Employees
5,576

Market position

Day range

Current ¥3,362

52-week range

Current ¥3,362

Open
¥3,344
Previous close
¥3,381
Volume
321.5K
0.51× average
Average volume
635.08K
Average daily volume
Market cap
596.03B JPY
Beta
0.29
Market reference 1
50-day average
¥3,354.8
+0.21% above average
200-day average
¥2,847.39
+18.07% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
430.83B JPY
P/E (TTM)
24.02×
P/B (TTM)
3.7×
P/S (TTM)
1.63×
EV / EBITDA
6.21×
Earnings yield
5.58%
Free cash flow yield
6.94%
Dividend yield
1.16%

Profitability & efficiency

Gross margin
21.15%
Operating margin
9.34%
Net margin
6.77%
Return on equity
15.31%
Return on assets
6.97%
Return on invested capital
9.23%

Financial health

Debt / equity
0.44×
Current ratio
1.17×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%17%11%5%Gross margin, FY2021: 21.43%Gross margin, FY2022: 21.70%Gross margin, FY2023: 21.94%Gross margin, FY2024: 20.44%Gross margin, FY2025: 22.05%Operating margin, FY2021: 10.45%Operating margin, FY2022: 10.69%Operating margin, FY2023: 10.54%Operating margin, FY2024: 9.50%Operating margin, FY2025: 9.76%Net margin, FY2021: 6.92%Net margin, FY2022: 7.46%Net margin, FY2023: 7.18%Net margin, FY2024: 6.29%Net margin, FY2025: 7.00%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 21.43%. Gross margin FY2022 21.70%. Gross margin FY2023 21.94%. Gross margin FY2024 20.44%. Gross margin FY2025 22.05%. Operating margin FY2021 10.45%. Operating margin FY2022 10.69%. Operating margin FY2023 10.54%. Operating margin FY2024 9.50%. Operating margin FY2025 9.76%. Net margin FY2021 6.92%. Net margin FY2022 7.46%. Net margin FY2023 7.18%. Net margin FY2024 6.29%. Net margin FY2025 7.00%.

Income trends

Revenue

345.4B JPY+9.02%

Operating income

33.72B JPY+12.07%

Net income

24.19B JPY+21.35%
Income trends across reported periods378.37B JPY246.48B JPY114.59B JPY−17.3B JPYRevenue, FY2021: 226.34B JPYRevenue, FY2022: 252.71B JPYRevenue, FY2023: 276.08B JPYRevenue, FY2024: 316.83B JPYRevenue, FY2025: 345.4B JPYOperating income, FY2021: 23.66B JPYOperating income, FY2022: 27.01B JPYOperating income, FY2023: 29.11B JPYOperating income, FY2024: 30.09B JPYOperating income, FY2025: 33.72B JPYNet income, FY2021: 15.67B JPYNet income, FY2022: 18.85B JPYNet income, FY2023: 19.83B JPYNet income, FY2024: 19.93B JPYNet income, FY2025: 24.19B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 226.34B JPY. Revenue FY2022 252.71B JPY. Revenue FY2023 276.08B JPY. Revenue FY2024 316.83B JPY. Revenue FY2025 345.4B JPY. Operating income FY2021 23.66B JPY. Operating income FY2022 27.01B JPY. Operating income FY2023 29.11B JPY. Operating income FY2024 30.09B JPY. Operating income FY2025 33.72B JPY. Net income FY2021 15.67B JPY. Net income FY2022 18.85B JPY. Net income FY2023 19.83B JPY. Net income FY2024 19.93B JPY. Net income FY2025 24.19B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue345.4B JPY316.83B JPY276.08B JPY252.71B JPY226.34B JPY
Cost of goods sold269.23B JPY252.07B JPY215.51B JPY197.88B JPY177.84B JPY
Gross profit76.17B JPY64.77B JPY60.57B JPY54.83B JPY48.5B JPY
Research and development643M JPY636M JPY546M JPY506.26M JPY
Selling, general, and administrative42.45B JPY34.03B JPY30.82B JPY27.27B JPY24.34B JPY
Operating expenses42.45B JPY34.68B JPY31.46B JPY27.82B JPY24.84B JPY
Interest income2.29B JPY175M JPY230M JPY81M JPY42.17M JPY
Interest expense1.41B JPY1.09B JPY645M JPY549M JPY553.11M JPY
Depreciation and amortization32.67B JPY31.37B JPY29.3B JPY28.8B JPY28.45B JPY
Operating income33.72B JPY30.09B JPY29.11B JPY27.01B JPY23.66B JPY
Net income24.19B JPY19.93B JPY19.83B JPY18.85B JPY15.67B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
+0.34%
11 comparable reports
Latest EPS result
24.79
Estimate 25.67 · Miss by 3.43%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates46.5237.4828.4319.39Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 35.68, estimate 28.56, surprise +24.93%, Beat. Q2 2025, reported May 13, 2025: actual 34.74, estimate 37, surprise -6.11%, Miss. Q3 2025, reported Aug 5, 2025: actual 21.26, estimate 27, surprise -21.26%, Miss. Q4 2025, reported Nov 6, 2025: actual 35.1, estimate 29, surprise +21.03%, Beat. Q1 2026, reported Feb 6, 2026: actual 35.22, estimate 41, surprise -14.10%, Miss. Q2 2026, reported May 14, 2026: actual 44.65, estimate 34, surprise +31.32%, Beat. Q3 2026, reported Aug 7, 2026: actual 24.79, estimate 25.67, surprise -3.43%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 32.78, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates101.51B91.98B82.45B72.92BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 82.29B JPY, estimate 84.33B JPY, surprise -2.42%, Miss. Q2 2025, reported May 13, 2025: actual 87.52B JPY, estimate 78.71B JPY, surprise +11.20%, Beat. Q3 2025, reported Aug 5, 2025: actual 76.82B JPY, estimate 81.22B JPY, surprise -5.42%, Miss. Q4 2025, reported Nov 6, 2025: actual 85.09B JPY, estimate 87.69B JPY, surprise -2.97%, Miss. Q1 2026, reported Feb 6, 2026: actual 87.42B JPY, estimate 88.13B JPY, surprise -0.80%, Miss. Q2 2026, reported May 14, 2026: actual 96.06B JPY, estimate 94.15B JPY, surprise +2.03%, Beat. Q3 2026, reported Aug 7, 2026: actual 97.6B JPY, estimate 86.41B JPY, surprise +12.96%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 93.56B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥37.00

2025 complete year+74.1% since 2021

2026 partial: ¥19.50

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥21.50

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥21.50

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥19.50

Semi-Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Sep 29, 2025

¥19.50

Semi-Annual

Record Sep 30, 2025 · Payment Dec 5, 2025

Dividend

Ex-dividend Mar 28, 2025

¥17.50

Semi-Annual

Record Mar 31, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Sep 27, 2024

¥17.50

Semi-Annual

Record Sep 30, 2024 · Payment Dec 6, 2024

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