Consolidated Financial Results for FY2020
FY2021 Financial Targets
Revenues
% of Revenues
FY21 Targets
Apr. 2021 Mar. 2022
226.0
% of Revenues
YOY
FY20 Results
Apr. 2020 Mar. 2021
213.00
+6.1% +13.00
80.0%
Cost of Sales
180.7
20.0%
Gross Profit
45.3
12.3%
SG&A etc.(¹)
Operating Profit
Shares of profit (loss)
Unit: (JPY) billion (bn) except for Dividend per share (¥)
% of Revenues
1H21 Targets
YOY
Apr. 2021 Sep. 2021
108.0
+6.34
+3.19
81.1%
80.9%
172.72
87.4
+4.6% +7.98
18.9%
19.1%
40.28 +12.5%
20.6
+5.02
+3.15
12.2%
13.1%
14.1
27.8
26.03
+6.8%
+1.77
+1.88
7.7%
6.7%
6.0%
17.5
14.25 +22.8%
6.5
+3.25
of investments
accounted for using
equity method
investees
(0.4)
7.7%
Profit before tax
17.3
5.2%
(0.41)
6.6%
14.03 +23.3%
4.6%
+0.01
(0.3)
5.8%
6.3
+3.27
3.9%
+1.26
+0.08
+1.83
•
•
YoY
Year over year
Financials
Assumptions for Revenue
Enterprise NW services: Expect revenue to
grow continuously, As WAN decrease factor
is solved in FY20, expect to see WAN
revenue return to growth
Mobile: Expect revenue to decrease by ¥8.3
bn as ARPU, especially voice, to decrease
due to new consumer plan
SI: Additional ¥8.5 bn from M&A (PTC) in
addition to continuous growth
ATM: Same level as FY20
Assumption for Gross Profit
• Enterprise NW services: Expect profit to
.
•
Net Profit (2)
11.7
9.71
4.2
.
+20.5% +1.99
+1.43
Annual Cash
Dividend per Share
¥39.00
¥29.75 +31.1% +\9.25
¥19.50
+\9.25
expand along with revenue growth
Mobile: Expect same level of profit as FY20
with decrease in purchasing cost and ARPU
(Onetime cost decrease upon FY20 mobile
interconnectivity charge confirmation is
taken into consideration)
SI: Additional ¥0.8 bn from M&A (PTC) in
addition to continuous growth
ATM: Same level as FY20
Assumption for SG&As
Same incremental pace from the past,
smaller disposal than FY20 (¥0.64 bn)
• Additional ¥0.4 bn from M&A (PTC)
•
•
Other assumptions
Equity in net loss of affiliates: approx. \0.4
bn, Expect equity in net loss of DeCurret to
turn positive in 4Q
Net addition of employees: approx. 290 (of
which, newly graduates 190)
(*1) SG&A etc. shows the sum of SG&A, which includes R&D expenses, and other income/expenses.
(*2) Net Profit is "Profit for the year (period) attributable to owners of the parent."
O Internet Initiative Japan Inc.
CAPEX: approx. ¥17.5 bn, Expect to
increase YoY as some FY20 investments
such as ¥1.2 bn of Shiroi DC and NW are
slided over
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