Internet Initiative JapanInternet Initiative Japan Inc.3774東証プライム情報・通信業FY ending Mar 2026, consolidated, IFRS

Internet Initiative Japan FY ending Mar 2026 results

About 99% of Internet Initiative Japan's sales come from Network services and SI business, with ATM operation business making up much of the rest.

Out of every ¥100 of sales, about ¥10 is left as operating profit.

Revenue changed +9.0% from the prior year, operating profit +15.7%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +9.0% · profit +15.7%, calculated from disclosed figures.

Operating leverage: 1.74× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +9.0%¥316.8B → ¥345.4B
Gross profit: +11.4%¥68.4B → ¥76.2B
Operating income: +15.7%¥30.1B → ¥34.8B
Net income attributable to owners: +21.3%¥19.9B → ¥24.2B
Operating cash flow: +76.9%¥28.5B → ¥50.5B
Free cash flow: +161.1%¥8.41B → ¥22B

Results at a glance

Revenue for FY ending Mar 2026 was ¥345.4B, up +9.0% from ¥316.8B.
Growth got stronger further down the income statement: gross profit rose +11.4%, operating income +15.7% to ¥34.8B, and net income +21.3% to ¥24.2B.
Operating cash flow jumped +76.9% from ¥28.5B to ¥50.5B, and free cash flow climbed to ¥22B.

What drove the change

Recurring monthly revenue from network services and system operation and maintenance kept growing
System building sales dipped slightly after a large one-off order the year before, but operation and maintenance sales grew and carried the total
Demand to renew corporate networks stayed strong, and the company kept winning large multi-year contracts

Things to watch

Many network service costs do not move with sales, so losing a large customer or cutting prices could hurt profit
Much of its equipment and software is priced in US dollars, so a weak yen could push capital spending and maintenance costs higher than planned
It relies on a few overseas suppliers; a pricing change for virtualization software already drove a sharp rise in license fees

Annual Securities Report, 34th fiscal year (Apr 2025 - Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 34th fiscal year (Apr 2025 - Mar 2026) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Internet Initiative Japan sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥78
SG&A: ¥12
Operating profit: ¥10
Net profit kept: ¥7

Annual margin trends

Gross margin22.1%

Operating margin10.1%

Net margin7.0%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Network services and SI business¥342.4B
99%
Op. margin 9.8%Industry: IT Services & System Integration
ATM operation business¥3.02B
1%
Op. margin 40.8%Industry: Online & Retail-Affiliated Banks

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第34期(2025/04/01－2026/03/31)
ID S100YHYH2026-06-25Open
EDINET (FSA Japan)
有価証券報告書－第33期(2024/04/01－2025/03/31)
ID S100W7DL2025-06-30Open
EDINET (FSA Japan)
有価証券報告書－第32期(2023/04/01－2024/03/31)
ID S100TTHB2024-06-28Open
EDINET (FSA Japan)
有価証券報告書－第31期(2022/04/01－2023/03/31)
ID S100QZG82023-06-30Open
EDINET (FSA Japan)
有価証券報告書－第30期(令和3年4月1日－令和4年3月31日)
ID S100OFU72022-06-30Open
EDINET (FSA Japan)
有価証券報告書－第29期(令和2年4月1日－令和3年3月31日)
ID S100LUYO2021-06-30Open

Extracted from XBRL: 43 / Derived from other figures: 1

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