日本互联网推进股份有限公司2025年度报告

Tokyo,February 6,2026-Internet Initiative Japan Inc. (“IIJ”, TSEPrime:3774) today announced itsconsolidatedfinancial resultsfor theninemonthsforthefiscal yearendingMarch 31,2026(“1Q-3Q25”,from April 1,2025to Overview of1Q-3Q25Financial Results and Business Outlook “We are seeing strong demand especially for enterprise network construction and systems operation amid the ongoingevolution of IT architectures driven by digital transformationin Japan. We proactively secured large-scale ServiceIntegration4projects across various sectors, leveraging this excellent opportunity. Revenues from these projects will berecognized over the contract period, starting with one-time systemsconstruction revenue, followed by multiple years ofmonthly recurring revenues (MRR) of network services and systems operation and maintenance. Furthermore, by taking onenterpriselarge-scaleinternalnetworkand systemsoperations, we expect to capture additional demand for cybersecurity- “The foundation of our growth today lies in the Internet technology expertise we have refined over more than 30 yearssince our founding. In particular, thestableoperational capabilities provided by more than 2,000 highly skillednetworkengineers are our distinctive strength, which has enabled us to buildlong-standing relationships with major Japanese 1Q-3Q25Financial Results Summary We provide combined network services and systems integration to customers, and therefore, Network services and Systemsintegration (SI) businessis our main reportable segment. Our analysis by service is described below. Total revenueswereJPY249,331million, up8.7%YoY(JPY229,310million for1Q-3Q24). Networkservices revenuewasJPY132,121million, up10.0%YoY(JPY120,109million for1Q-3Q24). Revenues for Internet connectivity services for enterprise wereJPY39,999million,up10.7%YoY fromJPY36,132million for1Q-3Q24,mainlydue toanincrease inrevenues ofenterprise mobile servicesandIP services. Revenues for Internet connectivity services for consumerswereJPY21,317million,up7.2%YoY fromJPY19,880million for1Q-3Q24,mainlydue toan increase in IIJmio Mobile servicesrevenues. Revenues for Outsourcing services were JPY49,599million, up14.2% YoY from JPY43,434million for1Q-3Q24,mainly due to an increase in security-related services revenues. Revenues forWAN serviceswereJPY21,206million,up2.6%YoYfromJPY20,663million for1Q-3Q24. SI revenues, including equipment sales,wereJPY114,958million,up7.4%YoY(JPY107,003million for1Q-3Q24).Systems constructionand equipment sales, a one-time revenue was JPY45,104million,down3.5% YoY (JPY46,726million for1Q-3Q24), reflecting the reactionary decline due to the absence of last year’s approximately JPY5.0billion single large-scale project revenue.Systems operation and maintenance revenue, a recurring revenue, was Orders received for SI, including equipment sales,totaled JPY140,459million,up23.7% YoY (JPY113,588millionfor1Q-3Q24); orders received for systems construction and equipment sales were JPY58,498million, up28.6%YoY (JPY45,485million for1Q-3Q24), and orders received for systems operation and maintenance were JPY81,961 Order backlog for SI,includingequipment sales, as ofDecember 31, 2025amounted to JPY140,944million, up22.1% YoY (JPY115,478million as ofDecember 31,2024); order backlog for systems construction and equipmentsales was JPY29,199million,up29.7% YoY (JPY22,520million as ofDecember 31,2024) and order backlog for ATMoperationbusiness revenueswereJPY2,252million,up2.5%YoY(JPY2,198million for1Q-3Q24). Costof salesTotal cost ofsaleswasJPY195,125million,up8.2%YoY(JPY180,382million for1Q-3Q24). Cost ofnetworkservices revenuewasJPY96,355million,up11.5% YoY(JPY86,417million for1Q-3Q24), mainlydue toan increase in purchasing cost of mobile devices.There was no one-time cost reimbursementin3Q25relatedtothe finalization ofthe mobile unit charge for FY2024 usage,whereasreimbursementswere recordedinprioryears.Grossprofitwas JPY35,766million,up6.2% YoY(JPY33,692million for1Q-3Q24)and grossprofitratio Cost of SI revenues,including equipment saleswasJPY97,596million,up5.2% YoY(JPY92,787million for1Q-3Q24), mainly due toan increase inoutsourcing-related costs.GrossprofitwasJPY17,362million,up22.1% YoY(JPY14,216million for1Q-3Q24). In addition to revenue growth,thenegativeimpactin1Q-3Q24due tothesubstantial priceincreases of VMware productswasmostlyoffsetbytheprice pass-through,and grossprofitratio Cost ofATMoperationbusinessrevenueswasJPY1,174million,down0.3% YoY(JPY1,178million for1Q-3Q24).GrossprofitwasJPY1,078million, up5.7% YoY(JPY1,020million for1Q-3Q24)and grossprofitratio was47.9%(46.4%for1Q-3Q24). Selling, general and administrative expenses and other operating income and expensesSelling, general and administrative expenses,including research and development expenses, totaled JPY30,905 million, up9.5%YoY(JPY28,228million for1Q-3Q24),mainly due toanincrease inpersonnel-related expenses. OtheroperatingincomewasJPY1,274million(JPY119million for1Q-3Q24