INTERNET INITIATIVE JAPAN INC
SymbolIIJI

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

IIJ Announces First Six Months Financial Results for the Fiscal Year Ending March 31, 2010

2009-11-12 22:03 ET - News Release

TOKYO, Nov. 13, 2009 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (Nasdaq:IIJI) (TSE:3774) ("IIJ") today announced its consolidated financial results for the first six months of Fiscal Year Ending March 31, 2010 (from April 1 to September 30, 2009, "1H09").(1) 



                        1H09 Financial Results

                Actual Results                       Target Announced
                --------------                       ----------------
 Revenues       JPY32,275 million ($360.7 million)   JPY33,500 million
 Operating
  Income        JPY1,166 million ($13.0 million)     JPY800 million
 Net Income
  attributable
  to IIJ        JPY 715 million ($8.0 million)       JPY300 million


 * Revenue was JPY32,275 million, down 2.9% YoY. While recurring
   revenues increased by 5.1% YoY, systems construction revenues
   decreased by 34.1% YoY.
 * Operating income was JPY1,166 million, up 16.0% YoY as a result of
   continuous cost control. Operating loss related to our new ATM
   operation business was JPY467 million (JPY227 million in 1H08).
 * Net income attributable to IIJ(2) was JPY715 million, up 94.6% YoY.
 * Cash dividend for FY2009 interim period of IIJ's common stock:
   JPY1,000 per share. The same amount for FY2008 interim period
   (IIJ's 1 common stock is equivalent to 400 ADSs).

 (1) Unless otherwise stated, all financial figures discussed in this
     announcement are prepared in accordance with U.S. GAAP. All
     financial figures are unaudited and consolidated. The translation
     of Japanese yen into U.S. dollars is solely for the convenience
     of readers outside of Japan. The rate used for the translation
     was JPY89.49 per US$1.00, which was the noon buying rate on
     September 30, 2009.
 (2) Effective April 1, 2009, we have adopted
     ASC810, "Consolidations". For details, please refer to page 6 in
     this presentation material.

The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.