Internet Initiative Japan Inc. (IIJI) reported that its fourth-quarter net income attributable to the company declined to 1.01 billion yen from 1.52 billion yen in the prior year. Net income per ADS equivalent dropped to 10.95 yen from 16.50 yen last year.
But, total revenues for the quarter rose to 35.20 billion yen from 31.53 billion yen in the prior year.
Looking ahead, the company expects annual net income attributable to the company to be 4.000 billion yen, up 20.4% from last year. Annual revenues is expected to be 139.00 billion yen, up 13.0% from the prior year.
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