OTCPK:IIJI.F

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Internet Initiative Japan

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with solid track record.


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

Stable Share Price: IIJI.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

IIJI.F

-2.6%

US Telecom

-2.4%

US Market


1 Year Return

n/a

IIJI.F

-13.2%

US Telecom

12.0%

US Market

Return vs Industry: Insufficient data to determine how IIJI.F performed against the US Telecom industry.

Return vs Market: Insufficient data to determine how IIJI.F performed against the US Market.


Shareholder returns

IIJI.FIndustryMarket
7 Day0%-2.6%-2.4%
30 Day0%-3.9%-6.5%
90 Dayn/a4.0%8.4%
1 Yearn/a-8.7%-13.2%14.5%12.0%
3 Year82.2%82.2%4.0%-10.9%34.8%25.8%
5 Yearn/a30.4%1.1%82.1%61.6%

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 compared to its fair value and its price relative to the market?

46.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IIJI.F ($34.8) is trading below our estimate of fair value ($65.14)

Significantly Below Fair Value: IIJI.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IIJI.F is poor value based on its PE Ratio (49.9x) compared to the US Telecom industry average (11.1x).

PE vs Market: IIJI.F is poor value based on its PE Ratio (49.9x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: IIJI.F is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: IIJI.F is overvalued based on its PB Ratio (2.7x) compared to the US Telecom industry average (1.2x).


Next Steps

Future Growth

How is Internet Initiative Japan forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

14.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IIJI.F's forecast earnings growth (14% per year) is above the savings rate (2.2%).

Earnings vs Market: IIJI.F's earnings (14% per year) are forecast to grow slower than the US market (22.9% per year).

High Growth Earnings: IIJI.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: IIJI.F's revenue (4.8% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: IIJI.F's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IIJI.F's Return on Equity is forecast to be low in 3 years time (9.1%).


Next Steps

Past Performance

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

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IIJI.F has high quality earnings.

Growing Profit Margin: IIJI.F's current net profit margins (2.1%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: IIJI.F's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: IIJI.F's earnings growth over the past year (7.6%) exceeds its 5-year average (4.9% per year).

Earnings vs Industry: IIJI.F earnings growth over the past year (7.6%) exceeded the Telecom industry -12.9%.


Return on Equity

High ROE: IIJI.F's Return on Equity (5.5%) is considered low.


Next Steps

Financial Health

How is Internet Initiative Japan's financial position?


Financial Position Analysis

Short Term Liabilities: IIJI.F's short term assets (¥85.2B) exceed its short term liabilities (¥67.0B).

Long Term Liabilities: IIJI.F's short term assets (¥85.2B) exceed its long term liabilities (¥56.7B).


Debt to Equity History and Analysis

Debt Level: IIJI.F's debt to equity ratio (10.8%) is considered satisfactory.

Reducing Debt: IIJI.F's debt to equity ratio has reduced from 13.3% to 10.8% over the past 5 years.

Debt Coverage: IIJI.F's debt is well covered by operating cash flow (451.9%).

Interest Coverage: IIJI.F's interest payments on its debt are well covered by EBIT (25.5x coverage).


Balance Sheet


Next Steps

Dividend

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

0.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IIJI.F's dividend (0.71%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: IIJI.F's dividend (0.71%) is low compared to the top 25% of dividend payers in the US market (4.99%).


Stability and Growth of Payments

Stable Dividend: IIJI.F is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: IIJI.F is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: IIJI.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IIJI.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.4yrs

Average management tenure


CEO

Koichi Suzuki (74 yo)

26.42yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Koichi Suzuki
Chairman & CEO26.42yrsno data5.87%
¥ 120.6m
Eijiro Katsu
President7.25yrsno data0.079%
¥ 1.6m
Akihisa Watai
CFO, Chief Accounting Officer16.25yrsno data0.030%
¥ 608.1k
Junichi Shimagami
CTO & Director5.25yrsno data0.022%
¥ 448.6k
Masayoshi Tobita
Managing Exec. Officer & Division Director of Administrative Divisionno datano datano data
Akira Sumiya
Executive Officer & GM of Compliance Departmentno datano datano data
Kazuhiro Tokita
Senior Managing Executive Officer8.42yrsno datano data
Takeshi Kikuchi
Senior MD & Director10.25yrsno data0.13%
¥ 2.7m
Naoshi Yoneyama
Senior Managing Exec. Officer & Division Director of Corporate Planning Divisionno datano data0.044%
¥ 911.6k
Tadashi Kawashima
MD & Director5.25yrsno data0.0055%
¥ 113.1k
Kiyoshi Ishida
Managing Exec. Officer & Division Director of Network Divisionno datano datano data
Yasumitsu Iizuka
Executive Officerno datano datano data

8.4yrs

Average Tenure

58.5yo

Average Age

Experienced Management: IIJI.F's management team is seasoned and experienced (8.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Koichi Suzuki
Chairman & CEO26.42yrsno data5.87%
¥ 120.6m
Eijiro Katsu
President7.25yrsno data0.079%
¥ 1.6m
Akihisa Watai
CFO, Chief Accounting Officer16.25yrsno data0.030%
¥ 608.1k
Junichi Shimagami
CTO & Director5.25yrsno data0.022%
¥ 448.6k
Takeshi Kikuchi
Senior MD & Director10.25yrsno data0.13%
¥ 2.7m
Tadashi Kawashima
MD & Director5.25yrsno data0.0055%
¥ 113.1k
Tadashi Okamura
Director5.25yrsno data0.00027%
¥ 5.6k
Masako Tanaka
Company Auditor2.25yrsno data0.38%
¥ 7.9m
Shinobu Umino
Director2.25yrsno data0.00076%
¥ 15.6k
Takashi Tsukamoto
Director3.25yrsno data0.0027%
¥ 54.9k
Shingo Oda
Director12.25yrsno datano data
Toshinori Iwasawa
Director7.25yrsno data0.0034%
¥ 69.5k

6.3yrs

Average Tenure

65yo

Average Age

Experienced Board: IIJI.F's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: JP¥217.170b
  • Listing Market Cap: JP¥2.056b
  • Shares outstanding: 45.10m
  • 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)SPON ADR EACH REP 0.5 ORD NPVUSUSDAug 1999
IIJDB (Deutsche Boerse AG)SPON ADR EACH REP 0.5 ORD NPVDEEURAug 1999
IIJBST (Boerse-Stuttgart)SPON ADR EACH REP 0.5 ORD NPVDEEURAug 1999
3774TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYDec 2005
I6IDB (Deutsche Boerse AG)YesCommon StockDEEURDec 2005
IIJI.FOTCPK (Pink Sheets LLC)YesCommon 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 Analysis2020/09/26 06:11
End of Day Share Price2020/07/08 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.