INTERNET INITIATIVE JAPAN INC. Consolidated Financial Results for FY2020 (April 1, 2020 to March 31, 2021)
Internet Initiative Japan Inc.
TSE1 (3774)
May 12, 2021
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Statements made in this presentation regarding IIJ's or managements' 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, operating and net profitability 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.
© Internet Initiative Japan Inc.
Outline
Ⅰ. | FY2020 Summary | P. 2 |
Ⅱ. | FY2020 Financial Results | P. 3 ~ 16 |
Ⅲ. Service and Business Developments | P. 17~ 20 | |
Ⅳ. | Previous Mid-term Plan (FY2016~FY2020) Results | P. 21 |
Ⅴ. FY2021 Plan & New Mid-term Plan (FY2021~FY2023) | P. 22 | |
Ⅵ. FY2021 Financial Targets in details | P. 23 ~ 25 | |
Appendix | P. 26 ~ 29 |
© Internet Initiative Japan Inc. | 1 |
Ⅰ . FY2020 Summary
Unit: ¥ (JPY) billion (bn) except for dividend per share (¥) mil = million %= Year over year
Phase of structural profit expansion with enterprise recurring revenue growth
Accumulated asset of blue-chip customer base & NW service business strongly demonstrated competitive advantage under the digital transformation expansion
Revenues ¥213.00 bn +4.2% Operating Profit ¥14.25 bn +73.2%
Enterprise Recurring Rev. | Gross Profit | Operating Profit | Net Profit & ROE |
+12.2% | +23.6% | ||
+¥7.7 bn | |||
+73.2%
+142.4%
+36.5% +¥7.3bn
Enterprise recurring revenue | Dividend per share |
Stronger than expected expansion of ICT usage, Growth rate accelerated FY20 + 12.2%, FY19 +10.3% |
- Satisfying enterprise NW demands that are becoming more diversified and complexed by continuously expanding and improving in-house developed services
- IP services ¥12.17 bn +13.7% +¥1.5 bn, Outsourcing services ¥35.71 bn +10.4% +¥3.4 bn, Cloud services ¥26.20 bn +11.1% +¥2.6 bn
Mobile/IoT
Enterprise: leading IoT penetration with full-MVNO, Consumer: enhance our presence with new plan
• | Total mobile revenue | ¥47.52 bn | +3.1% , of which enterprise | ¥7.81 bn | +29.6% |
• | Total mobile subscription | 3.251 mil | +7.3% , of which enterprise | 1.110 mil | +31.8% |
Amid the COVID pandemic, leveraged comprehensiveness with enterprise NW services & integration
(Notes) Enterprise NW revenues: sum of Internet Connectivity Services (Enterprise) excluding MVNE and Outsourcing. It does not include WAN Services which had specific factor. | 2 |
Net profit is "Profit for the period/year attributable to owners of the parent" | |
© Internet Initiative Japan Inc. |
Ⅱ- 1. Consolidated Financial Results
Unit: ¥ (JPY) billion, except for cash dividend (¥) YoY = Year over year
% of revenue | % of revenue | ||||||
FY20 | FY19 | YoY | |||||
Apr. 2020 - Mar. 2021 | Apr. 2019 - Mar. 2020 | ||||||
Revenues | 213.00 | 204.47 | +4.2% | +8.53 | |||
81.1% | 84.1% | ||||||
Cost of Revenues | 172.72 | 171.88 | +0.5% | +0.84 | |||
18.9% | 15.9% | ||||||
Gross Profit | 40.28 | 32.59 | |||||
+23.6% | +7.69 | ||||||
12.2% | 11.9% | ||||||
SG&A etc. (*1) | 26.03 | 24.37 | |||||
+6.8% | +1.67 | ||||||
6.7% | 4.0% | ||||||
Operating Profit | 14.25 | 8.23 | +73.2% | +6.02 | |||
6.6% | 3.5% | ||||||
Profit before tax | 14.03 | 7.16 | |||||
+96.0% | +6.88 | ||||||
4.6% | 2.0% | ||||||
Net Profit (*2) | 9.71 | 4.01 | |||||
+142.4% | +5.70 | ||||||
Annual Cash | ¥29.75 | ¥13.50 | |||||
+120.4% | +¥16.25 | ||||||
Divident Per Share | |||||||
% of revenue
FY20 Targets | YoY | ||
(Revised on Feb. 8, 2021)(*3) | |||
Apr. 2020 - Mar. 2021 | |||
213.0 | +4.2% | +8.53 | |
81.6% | |||
173.9 | +1.2% | +2.02 | |
18.4% | |||
39.1 | |||
+20.0% | +6.51 | ||
12.0% | |||
25.6 | |||
+5.1% | +1.23 | ||
6.3% | |||
13.5 | +64.1% | +5.27 | |
5.8% | |||
12.3 | |||
+71.8% | +5.14 | ||
3.6% | |||
7.6 | |||
+89.7% | +3.59 | ||
¥20.50 | |||
+51.9% | +¥7.00 | ||
(*1) | SG&A etc. shows the sum of SG&A, which includes R&D expenses, and other income/expenses. | |
(*2) | Net profit is "Profit for the period/year attributable to owners of the parent." | |
(*3) | FY20 Targets were revised upward from the original targets on Nov. 9, 2020 and Feb. 8, 2021. | 3 |
© Internet Initiative Japan Inc. |
Ⅱ- 2. FY2020 Revenue & Operating Profit YoY
Unit: JPY billion GP: Gross Profit
Revenues
FY19
204.47
YoY change in Mobile services revenues
+8.53
FY20
213.00
Including WAN revenues decrease (-¥1.92 billion)
Decreased as expected with the store closure due to the COVID-19 pandemic and removal of certain number of ATMs
- Enterprise NW services revenues is calculated by deducting the below mentioned Mobile services revenues from total NW services revenues. It includes non- mobile consumer revenue which is small amount
- Mobile services include IIJ Mobile Services (including MVNE) and IIJmio (consumer mobile)
Operating Profit
FY19 | +6.02 | FY20 |
8.23 | 14.25 |
Of which, ¥1.09 billion is due to the onetime cost decrease upon the finalization of FY19 mobile interconnectivity unit charge
• SG&A etc. in this slide shows the sum of SG&A, which includes R&D expenses, and other income/expenses | 4 |
© Internet Initiative Japan Inc. |
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IIJ - Internet Initiative Japan Inc. published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 12:21:08 UTC.
