Internet Initiative Japan Inc. announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2016. For the six months, the company's total revenues were JPY 74,123,270,000 against JPY 65,333,734,000 a year ago. Operating income was JPY 1,947,702,000 against JPY 2,563,085,000 a year ago. Other income—net was JPY 157,653,000 against JPY 83,872,000 a year ago. Net income attributable to company was JPY 1,107,934,000 against JPY 1,652,499,000 a year ago. Diluted net income per share was JPY 24.05 against JPY 35.90 a year ago. Income from operations before income tax expense and equity in net income of equity method was JPY 2,105,355,000 against JPY 2,646,957,000 for same period a year ago. Diluted net income per ADS equivalent was JPY 12.03 against JPY 17.95 a year ago. Net cash provided by operating activities was JPY 4,072,853,000 against JPY 6,080,078,000 a year ago. Purchase of property and equipment was JPY 5,358,105,000 against JPY 5,321,194,000 a year ago. Adjusted EBITDA was JPY 7,232 million against JPY 7,363 million a year ago. Capex, including capital leases was JPY 8,372 million against JPY 7,943 million a year ago.

For the quarter, the company reported total revenues of JPY 37,944,019,000 against JPY 33,870,133,000 a year ago. Operating income was JPY 1,111,383,000 against JPY 1,422,308,000 a year ago. Net income attributable to company was JPY 578,675,000 against JPY 931,460,000 a year ago. Diluted net income per share was JPY 12.56 against JPY 20.23 a year ago. Income from operations before income tax expense and equity in net income of equity method was JPY 1,111,285,000 against JPY 1,368,686,000 for same period a year ago. Diluted net income per ADS equivalent was JPY 6.28 against JPY 10.12 a year ago. Adjusted EBITDA was JPY 3,782 million against JPY 3,883 million a year ago. Capex, including capital leases was JPY 3,684 million against JPY 4,923 million a year ago. Purchase of property and equipment was JPY 2,273,574,000 against JPY 2,951,180,000 a year ago. Net cash provided by operating activities was JPY 4,190,302,000 against JPY 3,582,278,000 a year ago.

For the year ending March 31, 2017, the company expects total revenue of JPY 158,000 million, operating income of JPY 5,000 million, income before income tax expense of JPY 5,100 million and net income attributable to the company of JPY 3,000 million or JPY 65.67 per basic share.

The company announced dividend of JPY 13.50 per share for the six months ended September 30, 2016 compared to JPY 11.00 per share for the last year same period. The dividend is payable on December 6, 2016.

For the year ending March 31, 2017, the company expects year-end dividend of JPY 13.50 per share compared to JPY 11.00 per share for the last year same period.