Internet Initiative raised its current-period net income forecast from the previous estimate and increased its full-year record-profit forecast. First-half earnings rose year on year, and earnings are also expected to increase in the second half.
On 6 November, Internet Initiative announced its earnings results, reporting consolidated net income of ¥10.7 billion for the April-September 2024 period, up 7.4% year on year. In response, it raised its full-year net income forecast by 2.0%, from the previous ¥25.0 billion to ¥25.5 billion. The additional profit forecast exceeds the previous plan, with the projected growth rate increasing from 3.4% to 5.4%.
For the latest 3-month period, net income for July-September was ¥6.37 billion, up 2.0% year on year. Revenue increased year on year, while the operating margin on revenue declined from 11.0% to 8.8%. Based on first-half results and its outlook for the second half, the company estimates consolidated net income for the October-March second half at ¥14.7 billion, up 4.0% year on year.