Internet Initiative Japan Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2018. For the year, the company reported total revenue of JPY 176,051 million compared to JPY 157,789 million a year ago. Operating income was JPY 6,762 million compared to JPY 5,134 million a year ago. Income before income tax expenses of JPY 7,840 million compared to JPY 5,427 million a year ago. Net income attributable to the company was JPY 5,109 million compared to JPY 3,167 million a year ago. Diluted net income attributable to the company was JPY 112.99 compared to JPY 69.18 a year ago. Net cash provided by operating activities was JPY 13,262 million compared to JPY 7,368 million a year ago. Purchase of property and equipment was JPY 15,770,587,000 compared to JPY 10,623,993,000 a year ago. Adjusted EBITDA was JPY 19,127 million compared to JPY 16,109 million a year ago. Capex, including capital leases was JPY 20,828 million compared to JPY 16,531 million a year ago.

For the quarter, the company reported total revenue of JPY 48,439 million compared to JPY 44,187 million a year ago. Operating income was JPY 2,987 million compared to JPY 1,979 million a year ago. Income before income tax expenses of JPY 3,512 million compared to JPY 1,994 million a year ago. Net income attributable to the company was JPY 2,421 million compared to JPY 1,256 million a year ago. Diluted net income was JPY 53.53 compared to JPY 27.45 a year ago. Net cash provided by operating activities was JPY 4,965,761,000 compared to JPY 2,960,013,000 a year ago. Purchase of property and equipment was JPY 3,985,425,000 compared to JPY 2,683,903,000 a year ago. Adjusted EBITDA was JPY 6,196 million compared to JPY 4,948 million a year ago. Capex, including capital leases was JPY 5,072 million compared to JPY 4,273 million a year ago.

For the six months ended September 30, 2018, the company expects total revenue to be JPY 90,000 million and operating income of JPY 2,500 million.

For the year ending March 31, 2019, the company expects total revenue to be JPY 190,000 million and operating income of JPY 7,000 million.