Internet Initiative Japan Inc. announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2017. For the six months, the company's total revenues were JPY 90,962,930,000 against JPY 82,988,285,000 a year ago. Operating income was JPY 2,912,136,000 against JPY 2,315,529,000 a year ago. Net income attributable to company was JPY 1,982,399,000 against JPY 1,487,969,000 a year ago. Diluted net income per share was JPY 43.82 against JPY 32.91 a year ago. Income from operations before income tax expense and equity in net income of equity method was JPY 3,317,359,000 against JPY 2,468,799,000 for same period a year ago. Diluted net income per ADS equivalent was JPY 21.91 against JPY 16.46 a year ago. Net cash provided by operating activities was JPY 12,855,089,000 against JPY 6,102,281,000 a year ago. Purchase of property and equipment was JPY 4,445,936,000 against JPY 6,423,288,000 a year ago. Adjusted EBITDA was JPY 9,663 million against JPY 8,338 million a year ago. Capex, including capital leases was JPY 7,880 million against JPY 9,346 million a year ago. Adjusted income before Income tax expense was JPY 2.9 billion and adjusted net income attributable to company was JPY 1.7 billion.

For the quarter, the company reported total revenues of JPY 46,258,012,000 against JPY 42,024,380,000 a year ago. Operating income was JPY 1,732,269,000 against JPY 1,191,138,000 a year ago. Net income attributable to company was JPY 1,732,017,000 against JPY 781,925,000 a year ago. Diluted net income per share was JPY 38.28 against JPY 17.29 a year ago. Income from operations before income tax expense and equity in net income of equity method was JPY 2,832,894,000 against JPY 1,306,192,000 for same period a year ago. Diluted net income per ADS equivalent was JPY 19.14 against JPY 8.65 a year ago. Net cash provided by operating activities was JPY 6,514,722,000 against JPY 2,864,896,000 a year ago. Purchase of property and equipment was JPY 1,857,768,000 against JPY 2,583,973,000 a year ago. Adjusted EBITDA was JPY 5,186 million against JPY 4,234 million a year ago. Capex, including capital leases was JPY 3,699 million against JPY 4,006 million a year ago.

For the year ending March 31, 2019, on consolidated basis, the company expects total revenue of JPY 190,000 million, operating income of JPY 7,000 million.