Highlights of Financial Results for 1Q22 | FY22 Targets | |||||||
First Half | Full Year | |||||||
Total revenues | up | 9.8 | % | YoY2 | ||||
Operating profit | up | 15.3 | % | YoY | ||||
Profit before tax | up | 23.8 | % | YoY | ||||
Net profit3 | up | 25.2 | % | YoY | ||||
Overview of 1Q22 Financial Results and Business Outlook
“As the second fiscal year of our three-year mid-term plan, FY2022 started as planned with 1Q22 total revenues and operating profit increased by 9.8% and 15.3% year over year, respectively. Along with further advancement of IT utilization through business activities in
“In order to sustain our strong growth, we are strengthening the recruitment and development of human resources. For FY2022, we have set approximately 50% higher recruitment targets4 for both new graduates and mid-career hires than we had in previous years, and recruiting activities have made progress in accordance with those policy, while we maintain reasonable management over the number of outsourced personnel. Our continuous network infrastructure enhancement, services development, and stable network operation for about thirty years have been our distinguished competitive advantages. We believe that these technology-oriented business models have been attracting competent Internet-related engineers, which drive us to pursue further technology developments,” concluded
1Q22 Financial Results Summary
We have omitted segment analysis because most of our revenues are dominated by network services and systems integration (SI) business.
Operating Results Summary | |||||||
1Q21 | 1Q22 | YoY Change | |||||
JPY millions | JPY millions | % | |||||
Total revenues | 52,975 | 58,190 | 9.8 | ||||
Network services | 31,475 | 33,234 | 5.6 | ||||
Systems integration (SI) | 20,807 | 24,269 | 16.6 | ||||
ATM operation business | 693 | 687 | (0.9 | ) | |||
Total costs | (41,548 | ) | (45,490 | ) | 9.5 | ||
Network services | (23,145 | ) | (24,431 | ) | 5.6 | ||
Systems integration (SI) | (17,959 | ) | (20,659 | ) | 15.0 | ||
ATM operation business | (444 | ) | (400 | ) | (9.9 | ) | |
Total gross profit | 11,427 | 12,700 | 11.1 | ||||
Network services | 8,330 | 8,803 | 5.7 | ||||
Systems integration (SI) | 2,848 | 3,610 | 26.8 | ||||
ATM operation business | 249 | 287 | 15.3 | ||||
SG&A, R&D, and other operating income (expenses) | (7,067 | ) | (7,674 | ) | 8.6 | ||
Operating profit | 4,360 | 5,026 | 15.3 | ||||
Profit before tax | 5,350 | 6,623 | 23.8 | ||||
Profit for the period attributable to owners of the parent | 3,507 | 4,391 | 25.2 | ||||
(Note) Systems integration includes equipment sales. | |||||||
Segment Results Summary | |||||
1Q21 | 1Q22 | ||||
JPY millions | JPY millions | ||||
Total revenues | 52,975 | 58,190 | |||
Network services and SI business | 52,316 | 57,531 | |||
ATM operation business | 693 | 687 | |||
Elimination | (34 | ) | (28 | ) | |
Operating profit | 4,360 | 5,026 | |||
Network services and SI business | 4,189 | 4,809 | |||
ATM operation business | 195 | 237 | |||
Elimination | (24 | ) | (20 | ) | |
1Q22 Revenues and Income
Revenues
Total revenues were
Network services revenue was
Revenues for Internet connectivity services for enterprise were
Revenues for Internet connectivity services for consumers were
Revenues for Outsourcing services were
Revenues for WAN services were
Network Services Revenues Breakdown | |||||||
1Q21 | 1Q22 | YoY Change | |||||
JPY millions | JPY millions | % | |||||
Total network services | 31,475 | 33,234 | 5.6 | ||||
Internet connectivity services (enterprise) | 9,410 | 9,516 | 1.1 | ||||
IP services (including data center connectivity services) | 3,275 | 3,446 | 5.2 | ||||
IIJ Mobile Services | 5,189 | 5,060 | (2.5 | ) | |||
Enterprise mobile services (IoT usages etc.) | 2,344 | 2,634 | 12.4 | ||||
IIJ Mobile MVNO Platform service (MVNE) | 2,845 | 2,426 | (14.7 | ) | |||
Others | 946 | 1,010 | 6.8 | ||||
Internet connectivity services (consumer) | 6,108 | 6,099 | (0.1 | ) | |||
IIJmio Mobile Services | 5,392 | 5,310 | (1.5 | ) | |||
Others | 716 | 789 | 10.2 | ||||
Outsourcing services | 9,510 | 10,944 | 15.1 | ||||
WAN services | 6,447 | 6,675 | 3.5 |
Number of Contracts and Subscription for Connectivity Services (Note 1) | |||||||
As of | As of | YoY Change | |||||
Internet connectivity services (enterprise) | 2,299,032 | 2,582,448 | 283,416 | ||||
IP service (greater than or equal to 1Gbps)(Note2) | 764 | 787 | 23 | ||||
IP service (less than 1Gbps)(Note2) | 1,202 | 1,247 | 45 | ||||
IIJ Mobile Services | 2,205,759 | 2,489,768 | 284,009 | ||||
Enterprise mobile services (IoT usages etc.) | 1,163,312 | 1,457,464 | 294,152 | ||||
IIJ Mobile MVNO Platform service (MVNE) | 1,042,447 | 1,032,304 | (10,143 | ) | |||
Others | 91,307 | 90,646 | (661 | ) | |||
Internet connectivity services (consumer) | 1,396,386 | 1,464,327 | 67,941 | ||||
IIJmio Mobile Services | 1,053,173 | 1,125,756 | 72,583 | ||||
Others | 343,213 | 338,571 | (4,642 | ) | |||
Total contracted bandwidth (Gbps)(Note 3) | 7,108.2 | 7,600.9 | 492.7 | ||||
(Notes) | |||||||
1. | Numbers in the table above show number of contracts except for “IIJ Mobile Services (enterprise)” and “IIJmio Mobile Services” which show number of subscriptions. | ||||||
2. | The numbers of IP service contracts include the numbers of IIJ data center connectivity service contracts. | ||||||
3. | Total contracted bandwidth is calculated by multiplying number of contracts under “Internet connectivity services (enterprise)” except for “IIJ Mobile Services” and the contracted bandwidths of the services respectively. |
SI revenues, including equipment sales, were
Orders received for SI, including equipment sales, totaled
Order backlog for SI, including equipment sales, as of
ATM operation business revenues were
Cost of sales
Total cost of sales was
Cost of network services revenue was
Cost of SI revenues, including equipment sales was
Cost of ATM operation business revenues was
Selling, general and administrative expenses and other operating income and expenses
Selling, general and administrative expenses, including research and development expenses, totaled
Other operating income was
Other operating expenses was
Operating profit
Operating profit was
Finance income and expenses, and share of profit (loss) of investments accounted for using equity method
Finance income was
Finance expense was
Share of loss of investments accounted for using equity method was
Profit before tax
Profit before tax was
Profit for the period
Income tax expense was
Profit for the period attributable to non-controlling interests was
Profit for the period attributable to owners of parent was
Financial Position as of
As of
As of
As of
As of
As of
As of
1Q22 Cash Flows
Cash and cash equivalents as of
Net cash provided by operating activities for 1Q22 was
Net cash used in investing activities for FY1Q22 was
Net cash used in financing activities for 1Q22 was
Future Prospects including FY2022 Financial Targets
1Q22 financial results were in line with our expectation. Therefore, financial targets for the fiscal year ending
Presentation
Presentation materials will be posted on our web site (https://www.iij.ad.jp/en/ir/) on
The materials can also be found in the following URL. http://ml.globenewswire.com/Resource/Download/d8c087ab-4ca8-4088-899d-67dbd89d895b
About
Founded in 1992, IIJ is one of Japan’s leading Internet-access and comprehensive network solutions providers. IIJ and its group companies provide total network solutions that mainly cater to high-end corporate customers. IIJ's services include high-quality Internet connectivity services, mobile services, security services, cloud computing services, and systems integration. Moreover, IIJ operates one of the largest Internet backbone networks in
For inquiries, contact:
IIJ Investor Relations Tel: +81-3-5205-6500 E-mail: ir@iij.ad.jp URL: https://www.iij.ad.jp/en/ir
Disclaimer:
Statements made in this press release regarding IIJ’s or management’s intentions, beliefs, expectations, or predictions for the future are forward-looking statements that are based on IIJ’s and managements’ current expectations, assumptions, estimates and projections about its business and the industry. These forward-looking statements, such as statements regarding revenues and profits, are subject to various risks, uncertainties and other factors that could cause IIJ’s actual results to differ materially from those contained in any forward-looking statement.
_________________________
1 Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with IFRS, unaudited and consolidated.
2 YoY is an abbreviation for year over year change.
3 Net profit is “profit for the year attributable to owners of the parent.”
4 The recruitment targets are on a non-consolidated basis.
5 A unit charge for interconnectivity data communications charge between mobile carriers such as NTT DoCoMo and MVNO such as IIJ. The unit price is per Mbps.
Condensed Consolidated Statements of Financial Position (Unaudited) | ||||||
Millions of yen | Millions of yen | |||||
Assets | ||||||
Current assets | ||||||
Cash and cash equivalents | 47,391 | 42,557 | ||||
Trade receivables | 37,649 | 34,435 | ||||
Inventories | 2,608 | 3,304 | ||||
Prepaid expenses | 13,553 | 16,893 | ||||
Contract assets | 1,870 | 2,429 | ||||
Other financial assets | 1,295 | 1,446 | ||||
Other current assets | 119 | 122 | ||||
Total current assets | 104,485 | 101,186 | ||||
Non-current assets | ||||||
Tangible assets | 17,846 | 17,621 | ||||
Right-of-use assets | 44,874 | 42,425 | ||||
9,479 | 9,765 | |||||
Intangible assets | 16,424 | 16,125 | ||||
Investments accounted for using the equity method | 5,830 | 5,717 | ||||
Prepaid expenses | 10,452 | 10,575 | ||||
Contract assets | 69 | 68 | ||||
Other investments | 17,410 | 17,354 | ||||
Deferred tax assets | 183 | 187 | ||||
Other financial assets | 4,245 | 4,178 | ||||
Other non-current assets | 508 | 529 | ||||
Total non-current assets | 127,320 | 124,544 | ||||
Total assets | 231,805 | 225,730 | ||||
Millions of yen | Millions of yen | |||||
Liabilities and Equity | ||||||
Liabilities | ||||||
Current liabilities | ||||||
Trade and other payables | 20,742 | 19,393 | ||||
Borrowings | 16,370 | 16,620 | ||||
Income taxes payable | 5,795 | 1,853 | ||||
Contract liabilities | 9,571 | 10,699 | ||||
Deferred income | 65 | 69 | ||||
Other financial liabilities | 17,035 | 17,167 | ||||
Other current liabilities | 7,199 | 6,309 | ||||
Total current liabilities | 76,777 | 72,110 | ||||
Non-current liabilities | ||||||
Borrowings | 5,500 | 4,500 | ||||
Retirement benefit liabilities | 4,395 | 4,371 | ||||
Provisions | 786 | 787 | ||||
Contract liabilities | 7,429 | 7,017 | ||||
Deferred income | 340 | 326 | ||||
Deferred tax liabilities | 641 | 210 | ||||
Other financial liabilities | 30,146 | 28,679 | ||||
Other non-current liabilities | 1,170 | 1,110 | ||||
Total non-current liabilities | 50,407 | 47,000 | ||||
Total liabilities | 127,184 | 119,110 | ||||
Equity | ||||||
Share capital | 25,562 | 25,562 | ||||
Share premium | 36,518 | 36,552 | ||||
Retained earnings | 37,024 | 39,157 | ||||
Other components of equity | 6,275 | 6,040 | ||||
(1,851 | ) | (1,831 | ) | |||
Total equity attributable to owners of the parent | 103,528 | 105,480 | ||||
Non-controlling interests | 1,093 | 1,140 | ||||
Total equity | 104,621 | 106,620 | ||||
Total liabilities and equity | 231,805 | 225,730 | ||||
Condensed Consolidated Statements of Profit or Loss (Unaudited) | ||||||
Three Months Ended | Three Months Ended | |||||
Millions of yen | Millions of yen | |||||
Revenues | ||||||
Network services | 31,475 | 33,234 | ||||
System integration | 20,807 | 24,269 | ||||
ATM operation business | 693 | 687 | ||||
Total revenues | 52,975 | 58,190 | ||||
Cost of sales | ||||||
Cost of network services | (23,145 | ) | (24,431 | ) | ||
Cost of systems integration | (17,959 | ) | (20,659 | ) | ||
Cost of ATM operation business | (444 | ) | (400 | ) | ||
Total cost of sales | (41,548 | ) | (45,490 | ) | ||
Gross Profit | 11,427 | 12,700 | ||||
Selling, general and administrative expense | (7,083 | ) | (7,858 | ) | ||
Other operating income | 52 | 194 | ||||
Other operating expenses | (36 | ) | (10 | ) | ||
Operating Profit | 4,360 | 5,026 | ||||
Finance income | 1,361 | 1,747 | ||||
Finance expenses | (154 | ) | (136 | ) | ||
Share of profit (loss) of investments accounted for using equity method | (217 | ) | (14 | ) | ||
Profit (loss) before tax | 5,350 | 6,623 | ||||
Income tax expense | (1,807 | ) | (2,136 | ) | ||
Profit (loss) for the period | 3,543 | 4,487 | ||||
Profit (loss) for the period attributable to: | ||||||
Owners of the parent | 3,507 | 4,391 | ||||
Non-controlling interests | 36 | 96 | ||||
Total | 3,543 | 4,487 | ||||
Earnings per share | ||||||
Basic earnings per share (yen) | 38.86 | 48.62 | ||||
Diluted earnings per share (yen) | 38.67 | 48.38 | ||||
Condensed Consolidated Statements of Comprehensive Income (Unaudited) | ||||||
Three Months Ended | Three Months Ended | |||||
Millions of yen | Millions of yen | |||||
Profit (loss) | 3,543 | 4,487 | ||||
Other comprehensive income, net of tax | ||||||
Items that will not be reclassified to profit or loss | ||||||
Net change in fair value of equity instruments designated | ||||||
as measured at fair value through other comprehensive income | 834 | (952 | ) | |||
Total items that will not be reclassified to profit or loss | 834 | (952 | ) | |||
Items that may be reclassified to profit or loss | ||||||
Exchange differences on translation of foreign operations | (5 | ) | 702 | |||
Financial assets measured at fair value through | ||||||
other comprehensive income | 0 | (1 | ) | |||
Share of other comprehensive income of investments | ||||||
accounted for using equity method | 13 | 16 | ||||
Total of items that may be reclassified to profit or loss | 8 | 717 | ||||
Total other comprehensive income, net of tax | 842 | (235 | ) | |||
Other comprehensive income | 4,385 | 4,252 | ||||
Other comprehensive income attributable to: | ||||||
Owners of the parent | 4,349 | 4,156 | ||||
Non-controlling interest | 36 | 96 | ||||
Other comprehensive income | 4,385 | 4,252 | ||||
Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) | ||||||||||||||||||||||
Three months ended | ||||||||||||||||||||||
Owners of the parent’s shareholders’ equity | Non-controlling interests | Total equity | ||||||||||||||||||||
Share capital | Share premium | Retained earnings | Other components of equity | Total | ||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||||||||||
Balance, | 25,531 | 36,389 | 25,047 | 4,865 | (1,875 | ) | 89,957 | 1,015 | 90,972 | |||||||||||||
Comprehensive income | ||||||||||||||||||||||
Profit (loss) | - | - | 3,507 | - | - | 3,507 | 36 | 3,543 | ||||||||||||||
Other comprehensive income | - | - | - | 842 | - | 842 | - | 842 | ||||||||||||||
Total comprehensive income | - | - | 3,507 | 842 | - | 4,349 | 36 | 4,385 | ||||||||||||||
Transactions with owners | ||||||||||||||||||||||
Issuance of common stock | 16 | (16 | ) | - | - | - | 0 | - | 0 | |||||||||||||
Disposal of treasury shares | - | (6 | ) | - | - | 23 | 17 | - | 17 | |||||||||||||
Dividends paid | - | - | (1,759 | ) | - | - | (1,759 | ) | (48 | ) | (1,807 | ) | ||||||||||
Stock-based compensation | - | 16 | - | - | - | 16 | - | 16 | ||||||||||||||
Total transactions with owners | 16 | (6 | ) | (1,759 | ) | - | 23 | (1,726 | ) | (48 | ) | (1,774 | ) | |||||||||
Balance, | 25,547 | 36,383 | 26,795 | 5,707 | (1,852 | ) | 92,580 | 1,003 | 93,583 | |||||||||||||
Three months ended | ||||||||||||||||||||||
Owners of the parent’s shareholders’ equity | Non-controlling interests | Total equity | ||||||||||||||||||||
Share capital | Share premium | Retained earnings | Other components of equity | Total | ||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||||||||||
Balance, | 25,562 | 36,518 | 37,024 | 6,275 | (1,851 | ) | 103,528 | 1,093 | 104,621 | |||||||||||||
Comprehensive income | ||||||||||||||||||||||
Profit (loss) | - | - | 4,391 | - | - | 4,391 | 96 | 4,487 | ||||||||||||||
Other comprehensive income | - | - | - | (235 | ) | - | (235 | ) | - | (235 | ) | |||||||||||
Total comprehensive income | - | - | 4,391 | (235 | ) | - | 4,156 | 96 | 4,252 | |||||||||||||
Transactions with owners | ||||||||||||||||||||||
Disposal of treasury shares | - | 12 | - | - | 20 | 32 | - | 32 | ||||||||||||||
Dividends paid | - | - | (2,258 | ) | - | - | (2,258 | ) | (49 | ) | (2,307 | ) | ||||||||||
Stock-based compensation | - | 22 | - | - | - | 22 | - | 22 | ||||||||||||||
Total transactions with owners | - | 34 | (2,258 | ) | - | 20 | (2,204 | ) | (49 | ) | (2,253 | ) | ||||||||||
Balance, | 25,562 | 36,552 | 39,157 | 6,040 | (1,831 | ) | 105,480 | 1,140 | 106,620 | |||||||||||||
Condensed Consolidated Statements of Cash Flows (Unaudited) | ||||||
Three Months Ended | Three Months Ended | |||||
Millions of yen | Millions of yen | |||||
Cash flows from operating activities: | ||||||
Profit (loss) before tax | 5,350 | 6,623 | ||||
Adjustments | ||||||
Depreciation and amortization | 6,606 | 7,055 | ||||
Loss (gain) on sales/disposals of property and equipment | 30 | (162 | ) | |||
Shares of loss (profit) of investments accounted for using the equity method | 217 | 14 | ||||
Finance income | (1,326 | ) | (1,747 | ) | ||
Finance expenses | 142 | 136 | ||||
Other | 27 | 41 | ||||
Changes in working capital | ||||||
Decrease (increase) in trade receivables | 8,034 | 3,568 | ||||
Decrease (increase) in inventories | (187 | ) | (674 | ) | ||
Decrease (increase) in prepaid expenses | (3,365 | ) | (3,289 | ) | ||
Decrease (increase) in contract assets | (527 | ) | (558 | ) | ||
Decrease (increase) in other assets | (30 | ) | (3 | ) | ||
Decrease (increase) in other financial assets | (352 | ) | (117 | ) | ||
Increase (decrease) in trade and other payables | (3,774 | ) | (832 | ) | ||
Increase (decrease) in contract liabilities | 578 | 554 | ||||
Increase (decrease) in deferred income | (3 | ) | (1 | ) | ||
Increase (decrease) in other liabilities | (1,647 | ) | (943 | ) | ||
Increase (decrease) in other financial liabilities | 1,103 | 1,255 | ||||
Increase (decrease) in retirement benefit liabilities | 99 | (23 | ) | |||
Subtotal | 10,975 | 10,897 | ||||
Interest and dividends received | 150 | 182 | ||||
Interest paid | (137 | ) | (133 | ) | ||
Income taxes paid | (3,334 | ) | (6,091 | ) | ||
Cash flows from operating activities | 7,654 | 4,855 | ||||
Cash flows from investing activities | ||||||
Purchases of tangible assets | (2,839 | ) | (1,839 | ) | ||
Proceeds from sales of tangible assets | 584 | 791 | ||||
Purchases of intangible assets | (1,325 | ) | (1,149 | ) | ||
Purchase of a subsidiary | (2,612 | ) | - | |||
Purchases of other investments | (346 | ) | (161 | ) | ||
Proceeds from sales of other investments | 35 | 9 | ||||
Payments for leasehold deposits and guarantee deposits | (11 | ) | (9 | ) | ||
Proceeds from collection of leasehold deposits and guarantee deposits | 118 | 10 | ||||
Payments for refundable insurance policies | (19 | ) | (19 | ) | ||
Other | 1 | 1 | ||||
Cash flows from investing activities | (6,414 | ) | (2,366 | ) | ||
Cash flows from financing activities | ||||||
Repayment of long-term borrowings | (4,085 | ) | (750 | ) | ||
Net increase (decrease) in short-term borrowings | 1,480 | - | ||||
Payments of other financial liabilities | (4,463 | ) | (4,819 | ) | ||
Dividends paid | (1,759 | ) | (2,258 | ) | ||
Other | (48 | ) | (48 | ) | ||
Cash flows from financing activities | (8,875 | ) | (7,875 | ) | ||
Effect of exchange rate changes on cash and cash equivalents | (1 | ) | 552 | |||
Net increase (decrease) in cash and cash equivalents | (7,636 | ) | (4,834 | ) | ||
Cash and cash equivalents, beginning of the period | 42,467 | 47,391 | ||||
Cash and cash equivalents, end of the period | 34,831 | 42,557 | ||||
Notes to Condensed Consolidated Financial Statements (Unaudited)
Going Concern Assumption
Nothing to be reported.
Material Changes in Shareholders’ Equity
Nothing to be reported.
Segment Information
IIJ and its subsidiaries (collectively “the Company”) primarily operates its network service and system integration business, which provides a comprehensive range of network solutions to meet its customers’ needs by cross-selling a variety of services, including Internet connectivity services, WAN services, outsourcing services, systems integration and sales of network-related equipment, and the ATM operation business. Therefore, the Company defined two reportable segments: “Network service and systems integration business” and “ATM operation business.”
Segment information for the Company is as follows:
Three months ended | |||||||||
Reportable segments | |||||||||
Network service and systems integration business | ATM operation business | Adjustments | Consolidated | ||||||
Millons of yen | Millons of yen | Millons of yen | Millons of yen | ||||||
Revenue | |||||||||
Customers | 52,282 | 693 | - | 52,975 | |||||
Intersegment transactions | 34 | - | (34 | ) | - | ||||
Total revenue | 52,316 | 693 | (34 | ) | 52,975 | ||||
Segment operating profit | 4,189 | 195 | (24 | ) | 4,360 | ||||
Finance income | 1,361 | ||||||||
Finance expense | (154 | ) | |||||||
Share of profit (loss) of investments accounted for using the equity method | (217 | ) | |||||||
Profit before tax | 5,350 | ||||||||
Three months ended | |||||||||
Reportable segments | |||||||||
Network service and systems integration business | ATM operation business | Adjustments | Consolidated | ||||||
Millons of yen | Millons of yen | Millons of yen | Millons of yen | ||||||
Revenue | |||||||||
Customers | 57,503 | 687 | - | 58,190 | |||||
Intersegment transactions | 28 | - | (28 | ) | - | ||||
Total revenue | 57,531 | 687 | (28 | ) | 58,190 | ||||
Segment operating profit | 4,809 | 237 | (20 | ) | 5,026 | ||||
Finance income | 1,747 | ||||||||
Finance expense | (136 | ) | |||||||
Share of profit (loss) of investments accounted for using the equity method | (14 | ) | |||||||
Profit before tax | 6,623 | ||||||||
Intersegment transactions are based on market price.
Subsequent Events
On
1. Purpose of stock split
The purpose of the stock split is to increase the liquidity of IIJ’s common stock and expand its investor base by reducing the trading price per share of its common stock. As a result of the stock split, the investment unit amount of its common stock will be one half (1/2) of the previous amount.
2. Overview of stock split
(1) Method of the stock split | ||||
The record date of the stock split shall be | ||||
(2) Number of shares to be increased by the stock split | ||||
1 | ) | Total number of issued shares before the stock split: | 93,534,800 shares | |
2 | ) | Number of shares to be increased by the stock split: | 93,534,800 shares | |
3 | ) | Total number of issued shares after the stock split: | 187,069,600 shares | |
4 | ) | Total number of shares authorized to be issued after the stock split: | 302,080,000 shares | |
(Note) Total number of issued shares stated in the above could be increased as a result of exercise of stock acquisition rights. |
(3) Schedule of the stock split | |||
1 | ) | Public notice date of the record date: | |
2 | ) | Record date: | |
3 | ) | Effective date: |
3. Effect on per share information
Assuming the stock split had been conducted at the beginning of the fiscal year ended
Three months ended | Three months ended | |
Basic earnings per share (yen) | 19.43 | 24.31 |
Note: The following information is provided to disclose
Consolidated Financial Results for the Three Months ended
Company name:
Exchange listed:
Ticker symbol: 3774
URL: https://www.iij.ad.jp/
Representative:
Contact:
TEL: (03) 5205-6500
Scheduled date for filing of quarterly report (Shihanki-houkokusho) to Japan’s regulatory organization:
Scheduled date for dividend payment: -
Supplemental material on quarterly results: Yes
Presentation on quarterly results: Yes (for institutional investors and analysts)
(Amounts of less than
1. Consolidated Financial Results for the Three Months ended
(1) Consolidated Results of Operations (% shown is YoY change)
Revenues | Operating profit | Profit (loss) before tax | Profit (loss) for the period | Profit (loss) attributable to owners of the parent | Other comprehensive income | ||||||||
JPY millions | % | JPY millions | % | JPY millions | % | JPY millions | % | JPY millions | % | JPY millions | % | ||
Three Months ended | 58,190 | 9.8 | 5,026 | 15.3 | 6,623 | 23.8 | 4,487 | 26.6 | 4,391 | 25.2 | 4,252 | (3.0 | ) |
Three Months ended | 52,975 | 5.2 | 4,360 | 113.0 | 5,350 | 215.8 | 3,543 | 215.8 | 3,507 | 214.1 | 4,385 | 93.9 |
Basic earnings per share | Diluted earnings per share | ||
JPY | JPY | ||
Three Months ended | 48.62 | 48.38 | |
Three Months ended | 38.86 | 38.67 |
(2) Consolidated Financial Position
Total assets | Total equity | Total equity attributable to owners of the parent | Ratio of owners' equity to total assets | |
JPY millions | JPY millions | JPY millions | % | |
As of | 225,730 | 106,620 | 105,480 | 46.7 |
As of | 231,805 | 104,621 | 103,528 | 44.7 |
2.Dividends
Annual Dividends | |||||
1Q-end | 2Q-end | 3Q-end | Year-end | Total | |
JPY | JPY | JPY | JPY | JPY | |
Fiscal Year Ended | ― | 23.00 | ― | 25.00 | 48.00 |
Fiscal Year Ending | ― | ||||
Fiscal Year Ending | 29.25 | ― | 14.63 | ― |
(Notes)
1. Changes from the latest forecasts disclosed: Yes
2. IIJ plans a stock split at a ratio of two-for-one effective as of
3.Targets of Consolidated Financial Results for the Fiscal Year ending
(
(% shown is YoY change)
Revenues | Operating profit | Profit (loss) before tax | Profit (loss) for the year attributable to owners of the parent | Basic earnings per share | |||||||
JPY millions | % | JPY millions | % | JPY millions | % | JPY millions | % | JPY | |||
Interim Period Ending | 117,000 | 7.3 | 10,700 | 15.0 | 10,300 | (1.3 | ) | 6,800 | (1.3 | ) | 37.65 |
Fiscal Year Ending | 250,000 | 10.5 | 27,200 | 15.5 | 26,300 | 8.8 | 17,500 | 11.7 | 96.89 |
(Notes)
- Changes from the latest forecasts disclosed: None
- IIJ plans a stock split at a ratio of two-for-one effective as of
October 1, 2022 . The basic earnings per share are calculated on the post-split basis. - As for the details about our financial targets for the fiscal year ending
March 31, 2023 , please refer to “Future Prospects including FY2022 Financial Targets” which is disclosed on page 8 of this earnings release.
* Notes:
(1) Changes in significant subsidiaries: None
(2) Changes in accounting policies and estimate
i. Changes in accounting policies required by IFRS: None
ii. Other changes in accounting policies: None
iii. Changes in accounting estimates: None
(3) Number of shares issued (common stock)
i. Number of shares issued (inclusive of treasury stock):
As of
As of
ii. Number of treasury stock:
As of
As of
iii. Number of weighted average common shares outstanding:
For the three months ended
For the three months ended
* Status of Audit Procedures
This document is not subject to the audit procedures by certified public accountant or independent auditor.
* Explanation on the Appropriate Use of Future Outlook and other special instructions
i) Forward-looking statements
Forward-looking statements disclosed in this document are based on IIJ Group’s expectation, estimates, and projections based on information available to
ii) Change in the unit of presentation for monetary amounts
Amounts of accounts and other items presented in our condensed quarterly consolidated financial statements were previously stated in thousands of yen, but effective from the first quarter ended
iii) Others
Presentation material will be disclosed on TDnet as well as posted on our website on
Source:
2022 GlobeNewswire, Inc., source