Internet Initiative Japan Inc. (IIJIY), an Internet service provider, announced its profit attributed to parent owners for the fiscal year ending March 31, 2024. The profit stands at 19.83 billion yen, showing an increase of 5.2% from the previous year's 18.85 billion yen. The earnings per share have also increased from 103.82 yen to 111.23 yen.
Operating profit for the year was 29.03 billion yen, showing a rise of 6.6% from the previous year, and the total revenue observed was 276.08 billion yen, a 9.2% year-on-year increase.
The company has set its financial targets for the fiscal year 2024, anticipating revenue between 312.0 billion yen and 315.0 billion yen. This marks an increase of 13.0 to 14.1% year-over-year. Operating profit is estimated to be between 30.0 billion yen and 33.0 billion yen, a rise of 3.3 to 13.7% year-over-year. The profit attributable to parent owners is anticipated to range from 19.9 billion yen to 21.9 billion yen, a 0.3 to 10.4% year-over-year increase is expected.
Regarding the mid-term plan for the fiscal years of 2024-2026, the company has set the target revenue of 380 billion yen with an operating profit of 46 billion yen for the fiscal year 2026.
In terms of dividends, for the fiscal year 2023, the company announced an interim dividend of 17.18 yen per share of common stock, with a year-end dividend forecast of 17.18 yen per share. Consequently, the total annual dividend forecast for fiscal year 2023 is 34.36 yen per share of common stock.
As for the fiscal year 2024, the interim and year-end dividend forecasts range between 17.18 yen and 18.58 yen per share of common stock. This makes the total annual dividend forecast for the fiscal year 2024 between 34.36 yen and 37.16 yen per share of common stock.
