Internet Initiative Japan Inc. (IIJIY) announced on Friday a rise in both profit and revenue for the initial nine months of fiscal year 2024, while reaffirming its financial projections for the entire year.
During this period, the leading internet services firm's net profit attributable to its parent company's shareholders saw a 6.2% increase, reaching 13.79 billion Japanese yen, compared to 12.98 billion yen in the prior year. Earnings per share also advanced, rising to 77.53 yen from last year’s 72.72 yen.
The company's profit before tax experienced a 4.8% year-over-year rise, totaling 20.59 billion yen, while operating profit rose by 2.1% to 20.71 billion yen.
Revenue figures reflected a robust 14% growth, increasing to 229.31 billion yen from the previous year's 201.10 billion yen.
For fiscal year 2024, the company maintains its projections, expecting its attributable net profit to be 20.6 billion yen, marking an increase of 3.9% from the previous year. It anticipates an operating profit of 32.0 billion yen, reflecting a 10.2% growth from the previous year, with total revenues projected at 312.0 billion yen, up by 13.0% from the past year.
In Japanese trading, shares of Internet Initiative Japan were priced at 2,898.50 yen, a decrease of 2.23%.
