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Internet Init Jap (IIJI)

Internet Init Jap (IIJI)
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Internet Initiative Japan Inc., (IIJ) was incorporated in December 1992 to develop and operate Internet access services and other Internet-related services in Japan. Nippon Telegraph and Telephone Corporation and its subsidiaries own about 30% of the firm. The Company offers a range of Internet connectivity services, outsourcing services and network integration to its customers in Japan. Its services are based upon the quality of networking technology tailored to meet specific needs and demands of its customers. IIJ offers, together with other companies or independently, a variety of services to its customers, mainly corporate and governmental organizations, as total network solutions through a single source. The main services are its connectivity services, outsourcing services, systems integration and equipment sales. IIJ's connectivity services includes full-spec IP service with bandwidth ranging from 64 kbps up to 10 Gbps, low-cost broadband services such as optical and/or ADSL lines which are mainly used to connect branch offices, and mobile access services. The Company offers two categories of Internet connectivity services: connectivity services for corporate use and connectivity services for home use. Connectivity services for corporate use are based mainly on dedicated local-line connections provided by telecommunications carriers between the Company's backbone and customers. Connectivity services for home use mainly require customers to connect to its points of presence through the publicly-switched telephone network or variety of broadband access services, such as ADSL and optical lines. The last-one mile access such as dedicated access, ADSL, fiber optic, Ethernet and others are provided by large telecommunications carriers such as NTT East and West, NTT DoCoMo, Inc. and others. IIJ's outsourcing services include security-related outsourcing services that protect its customer network systems from unauthorized access and secure remote connections to internal networks, network-related outsourcing services such as router rental and Virtual Private Network, server-related outsourcing services such as web server hosting and e-mail security service, and data center-related outsourcing services. IIJ's systems integration includes systems construction and systems operation and maintenance. Systems construction are tailored to meet each of its customers' requirements, which include consulting, project planning, systems design and construction of network systems, and sales of equipment and software purchased from third parties. Systems operation and maintenance revenues include systems construction-related maintenance, monitoring and other operating services. In addition, the Company entered the ATM operation business through its consolidated subsidiary, Trust Networks, which was established in July 2007. Trust Networks operates ATMs and its network systems and receives a commission for each bank withdrawal transaction when a customer uses its serviced ATMs. The main customers of the Company continues to be major Corporations, including ISPs. The company is regulated under the Ministry of Internal Affairs and Communications under the Telecommunications Business Law in Japan.
(Values in U.S. Thousands) Mar, 2018 Mar, 2017 Mar, 2016 Mar, 2015 Mar, 2014
Sales 1,584,460 1,467,440 1,167,380 1,125,050 1,109,650
Sales Growth +7.97% +25.70% +3.76% +1.39% -1.66%
Net Income 45,980 29,450 33,520 30,370 45,480
Net Income Growth +56.13% -12.14% +10.37% -33.22% -19.46%
(Values in U.S. Thousands) Mar, 2018 Mar, 2017 Mar, 2016 Mar, 2015 Mar, 2014
Total Assets 1,381,040 1,277,780 978,030 993,890 1,008,600
Total Assets Growth +8.08% +30.65% -1.60% -1.46% +15.66%
Total Liabilities 715,140 651,140 435,670 419,310 424,210
Total Liabilities Growth +9.83% +49.46% +3.90% -1.16% -10.19%
(Values in U.S. Thousands) Mar, 2018 Mar, 2017 Mar, 2016 Mar, 2015 Mar, 2014
Operating Cash Flow 119,360 68,520 100,030 118,060 85,320
Operating Cash Flow Growth +74.20% -31.50% -15.27% +38.37% -17.62%
Net Cash Flow -5,000 22,220 -12,650 -12,140 98,680
Change in Net Cash Flow -122.50% +275.65% -4.20% -112.30% +827.19%
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