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Revenues and Income

Consolidated basis, under generally accepted accounting principles in the United States of America (U.S. GAAP)

You can move to each item by clicking the items below.

Annual trend

Quarterly trend

Annual Trend

Trend of the Main Items in the Statement of Income

(JPY million)

  FY2009 FY2010 FY2011
Total revenues 68,006 82,418 97,315
Cost of revenues 54,051 65,828 77,326
Gross margin 13,956 16,590 19,989
Sales and marketing 5,405 6,616 7,947
General and administrative 4,826 5,479 5,300
Research and development 313 354 389
Operating income 3,412 4,141 6,353
Income before income tax expense (benefit)* 2,859 3,834 5,976
Net income attributable to IIJ 2,234 3,203 3,641
  • * Represents income from operations before income tax expense (benefit) and equity in net income loss

Total Revenues, Operating Income and Operating Margin Ratio

Income Before Income Tax Expense (Benefit) ,Net Income attributable to IIJ

Trend of Revenues, Cost of Revenues and Gross Margin Ratio by Services

Network Services

(JPY million)

  FY2009 FY2010 FY2011
Network Services Revenues 36,973 51,662 63,409
Internet Connectivity 20,701 20,530 20,424
Outsourcing Service 13,718 15,032 17,319
WAN Service 2,554 16,100 25,667
Cost of revenues 30,534 41,678 49,985
Gross margin ratio 17.4% 19.3% 21.2%

Systems Integration

(JPY million)

  FY2009 FY2010 FY2011
Systems Integration Revenues 30,071 29,444 31,469
Systems Construction 11,354 11,937 11,998
System Operation and Maintenance 18,717 17,507 19,472
Cost of revenues 21,904 22,466 24,979
Gross margin ratio 27.2% 23.7% 20.6%

Equipment Sales

(JPY million)

  FY2009 FY2010 FY2011
Equipment Sales Revenues 757 796 1,112
Cost of revenues 649 683 980
Gross margin ratio 14.2% 14.2% 11.8%

ATM Operation Business

(JPY million)

  FY2009 FY2010 FY2011
ATM Operation Business Revenues 207 517 1,324
Cost of revenues 964 1,001 1,382
Gross loss (757) (484) (58)

Revenues by Services

Net Income per Share

(JPY)

  FY2009 FY2010 FY2011
Basic net income attributable to IIJ per share* 11,030 15,808 17,964
Diluted net income attributable to IIJ per share* 11,030 15,808 17,955
  • * One share of common stock represents 400 American Depositary Shares (ADSs). Basic and diluted net income attributable to IIJ per share is calculated based on the weighted-average number of shares of common stock outstanding of each fiscal year.

Quarterly Trend

Trend of the Main Items in the Statement of Income

(JPY million)

  FY2010 FY2011
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Total revenues 15,813 18,459 22,525 25,622 23,362 23,845 23,545 26,563
Cost of revenues 12,788 14,642 17,827 20,571 18,860 19,111 18,683 20,672
Gross margin 3,025 3,816 4,698 5,050 4,502 4,734 4,862 5,891
Sales and marketing 1,406 1,477 1,873 1,860 1,956 1,961 2,023 2,007
General and administrative 1,265 1,339 1,491 1,385 1,553 1,155 1,213 1,379
Research and development 88 65 106 95 79 84 77 149
Operating income 266 935 1,229 1,711 915 1,534 1,549 2,356
Income before income tax expense (benefit) 279 727 1,169 1,659 865 1,425 1,489 2,196
Net income attributable to IIJ 247 612 1,138 1,206 512 849 1,028 1,251

Total Revenues,Operating Margin and Operating Margin Ratio
Income Before Income Tax Expense (Benefit),Net Income attributable to IIJ

Trend of Revenues, Cost of Revenues and Gross Margin Ratio by Services

Network Services

(JPY million)

  FY2010 FY2011
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Network Services Revenues 9,304 11,382 15,424 15,552 15,521 15,800 15,921 16,167
Internet Connectivity Services 5,160 5,133 5,114 5,123 5,065 5,142 5,041 5,176
Outsourcing Services 3,491 3,605 3,905 4,031 4,146 4,266 4,405 4,502
WAN Services 653 2,644 6,405 6,398 6,310 6,391 6,476 6,489
Cost of revenues 7,647 9,156 12,402 12,474 12,440 12,606 12,541 12,398
Gross margin ratio 17.8% 19.6% 19.6% 19.8% 19.9% 20.2% 21.2% 23.3%

Systems Integration

(JPY million)

  FY2010 FY2011
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Systems Integration Revenues 6,259 6,728 6,797 9,659 7,221 7,493 6,994 9,761
System Construction 2,011 2,487 2,422 5,016 2,517 2,677 2,154 4,649
System Operation and Maintenance 4,248 4,241 4,376 4,643 4,704 4,815 4,840 5,112
Cost of revenues 4,793 5,066 5,017 7,590 5,770 5,957 5,541 7,712
Gross margin ratio 23.4% 24.7% 26.2% 21.4% 20.1% 20.5% 20.8% 21.0%

Equipment Sales

(JPY million)

  FY2010 FY2011
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Equipment Sales Revenues 144 226 179 247 376 235 268 233
Cost of revenues 119 194 160 210 339 207 240 194
Gross margin ratio 17.4% 14.3% 10.4% 14.9% 9.8% 11.7% 10.3% 16.9%

ATM Operation Business

(JPY million)

  FY2010 FY2011
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
ATM Operation Business Revenues 106 123 125 164 244 317 361 402
Cost of revenues 229 227 247 297 311 341 360 369
Gross Margin (123) (104) (123) (133) (68) (24) 1 33

Revenues by Services

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