OTCPK:IIJI.F

Stock Analysis Report

Internet Initiative Japan

Executive Summary

Internet Initiative Japan Inc. offers Internet connectivity, WAN, outsourcing, systems integration, and equipment sales services in Japan.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Internet Initiative Japan's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

IIJI.F

-1.1%

US Telecom

-0.2%

US Market


1 Year Return

n/a

IIJI.F

7.0%

US Telecom

1.1%

US Market

No trading data on IIJI.F.

No trading data on IIJI.F.


Share holder returns

IIJI.FIndustryMarket
7 Day0%-1.1%-0.2%
30 Day0%5.6%2.5%
90 Day0%8.8%1.6%
1 Yearn/a12.7%7.0%3.4%1.1%
3 Yearn/a14.4%-2.2%45.2%35.8%
5 Yearn/a34.8%3.9%62.6%44.8%

Price Volatility Vs. Market

How volatile is Internet Initiative Japan's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Internet Initiative Japan undervalued based on future cash flows and its price relative to the stock market?

12.86x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Internet Initiative Japan's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Internet Initiative Japan's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Internet Initiative Japan is good value based on earnings compared to the US Telecom industry average.

Internet Initiative Japan is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Internet Initiative Japan is poor value based on expected growth next year.


Price Based on Value of Assets

Internet Initiative Japan is good value based on assets compared to the US Telecom industry average.


Next Steps

Future Growth

How is Internet Initiative Japan expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

11.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Internet Initiative Japan's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).

Internet Initiative Japan's earnings are expected to grow by 11% yearly, however this is not considered high growth (20% yearly).

Internet Initiative Japan's revenue growth is positive but not above the United States of America market average.

Internet Initiative Japan's earnings growth is positive but not above the United States of America market average.

Internet Initiative Japan's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Internet Initiative Japan is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Internet Initiative Japan performed over the past 5 years?

3.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Internet Initiative Japan's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Internet Initiative Japan's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Internet Initiative Japan's 1-year earnings growth is negative, it can't be compared to the US Telecom industry average.


Return on Equity

Internet Initiative Japan has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Internet Initiative Japan used its assets less efficiently than the US Telecom industry average last year based on Return on Assets.


Return on Capital Employed

Internet Initiative Japan's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Internet Initiative Japan's financial position?


Financial Position Analysis

Internet Initiative Japan is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Internet Initiative Japan's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Internet Initiative Japan's level of debt (14.1%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (16.9% vs 14.1% today).

Debt is well covered by operating cash flow (219.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 17.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 7.3x debt.


Next Steps

Dividend

What is Internet Initiative Japan's current dividend yield, its reliability and sustainability?

1.17%

Current Dividend Yield


Dividend Yield and Payments Analysis

Internet Initiative Japan's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Internet Initiative Japan's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Internet Initiative Japan's salary, the management and board of directors tenure and is there insider trading?

7.3yrs

Average management tenure


CEO

Koichi Suzuki (73yo)

25.3yrs

Tenure

0

Mr. Koichi Suzuki has been the Chief Executive Officer and President of hi-ho, Inc. since April 1, 2016. Mr. Suzuki has been the Chairman of Internet Initiative Japan Inc. since June 26, 2013 and serves as ...


Management Age and Tenure

7.3yrs

Average Tenure

56yo

Average Age

The average tenure for the Internet Initiative Japan management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.2yrs

Average Tenure

64.5yo

Average Age

The tenure for the Internet Initiative Japan board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Koichi Suzuki (73yo)

    Chairman & CEO

    • Tenure: 25.3yrs
  • Naoshi Yoneyama

    Senior Managing Exec. Officer & Division Director of Corporate Planning Division

    • Tenure: 0yrs
  • Akihisa Watai (54yo)

    CFO, Chief Accounting Officer

    • Tenure: 15.2yrs
  • Kazuhiro Tokita (50yo)

    Senior Managing Executive Officer

    • Tenure: 7.3yrs
  • Junichi Shimagami (52yo)

    CTO & Director

    • Tenure: 4.2yrs
  • Takeshi Kikuchi (60yo)

    Senior MD & Director

    • Tenure: 9.2yrs
  • Masayoshi Tobita

    Managing Exec. Officer & Division Director of Administrative Division

    • Tenure: 0yrs
  • Eijiro Katsu (69yo)

    President

    • Tenure: 6.2yrs
  • Tadashi Kawashima (56yo)

    MD & Director

    • Tenure: 4.2yrs
  • Akira Sumiya

    Executive Officer & GM of Compliance Department

    • Tenure: 0yrs

Board Members

  • Koichi Suzuki (73yo)

    Chairman & CEO

    • Tenure: 25.3yrs
  • Tadashi Okamura (81yo)

    Director

    • Tenure: 4.2yrs
  • Yasurou Tanahashi (78yo)

    Director

    • Tenure: 15.2yrs
  • Akihisa Watai (54yo)

    CFO, Chief Accounting Officer

    • Tenure: 15.2yrs
  • Junichi Shimagami (52yo)

    CTO & Director

    • Tenure: 4.2yrs
  • Shingo Oda (75yo)

    Director

    • Tenure: 11.2yrs
  • Takeshi Kikuchi (60yo)

    Senior MD & Director

    • Tenure: 9.2yrs
  • Toshinori Iwasawa (57yo)

    Director

    • Tenure: 6.2yrs
  • Eijiro Katsu (69yo)

    President

    • Tenure: 6.2yrs
  • Tadashi Kawashima (56yo)

    MD & Director

    • Tenure: 4.2yrs

Company Information

Internet Initiative Japan Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Internet Initiative Japan Inc.
  • Ticker: IIJI.F
  • Exchange: OTCPK
  • Founded: 1992
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: US$982.374m
  • Shares outstanding: 90.17m
  • Website: https://www.iij.ad.jp

Number of Employees


Location

  • Internet Initiative Japan Inc.
  • Iidabashi Grand Bloom
  • 2-10-2 Fujimi
  • Tokyo
  • 102-0071
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IIJI.YOTCPK (Pink Sheets LLC)YesSPON ADR EACH REP 0.5 ORD NPVUSUSDAug 1999
IIJDB (Deutsche Boerse AG)YesSPON ADR EACH REP 0.5 ORD NPVDEEURAug 1999
IIJBST (Boerse-Stuttgart)YesSPON ADR EACH REP 0.5 ORD NPVDEEURAug 1999
3774TSE (The Tokyo Stock Exchange)Common StockJPJPYDec 2005
I6IDB (Deutsche Boerse AG)Common StockDEEURDec 2005
IIJI.FOTCPK (Pink Sheets LLC)Common StockUSUSDDec 2005

Biography

Internet Initiative Japan Inc. offers Internet connectivity, WAN, outsourcing, systems integration, and equipment sales services in Japan. It operates in two segments, Network Services and Systems Integrat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/27 00:09
End of Day Share Price2019/05/29 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.