Here's What Analysts Are Forecasting For Internet Initiative Japan Inc. (TSE:3774) After Its Annual Results

Shareholders might have noticed that Internet Initiative Japan Inc. (TSE:3774) filed its yearly result this time last week. The early response was not positive, with shares down 2.6% to JP¥2,659 in the past week. Revenues of JP¥317b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at JP¥113, missing estimates by 4.4%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Following the latest results, Internet Initiative Japan's seven analysts are now forecasting revenues of JP¥339.8b in 2026. This would be an okay 7.3% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to leap 23% to JP¥139. In the lead-up to this report, the analysts had been modelling revenues of JP¥342.9b and earnings per share (EPS) of JP¥140 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

See our latest analysis for Internet Initiative Japan

It will come as no surprise then, to learn that the consensus price target is largely unchanged at JP¥3,377. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Internet Initiative Japan analyst has a price target of JP¥4,000 per share, while the most pessimistic values it at JP¥2,880. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Internet Initiative Japan's past performance and to peers in the same industry. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 7.3% growth on an annualised basis. That is in line with its 8.9% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 2.7% per year. So although Internet Initiative Japan is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at JP¥3,377, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Internet Initiative Japan analysts - going out to 2028, and you can see them free on our platform here.

You can also view our analysis of Internet Initiative Japan's balance sheet, and whether we think Internet Initiative Japan is carrying too much debt, for free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.