Investor Presentaiton
II - 9. Profit
Operating profit
Operating Margin
Net Profit (Profit for the period attributable to owners of the parent)
Operating profit
➤ FY21: ¥23.55 billion, +65.3% YoY
Profit before tax
12.4% 11.9%
9.0%
7.2%
8.2%
8.8%
➤ FY21: ¥24.16 billion, +72.2% YoY
Interest expense: ¥538 million
6.2%
4.1%
FY20 Operating profit:
14,248 [+73.2%]
FY21 Operating profit:
23,547 [+65.3%]
FY20 Net profit:
FY21 Net profit:
9,712 [+142.4%]
3,192
2,047
1,654
1,116
15,646 [+61.4%]
7,249
6,994
4,888
4,944
4,120 14,360
4,630
4,150
3,835
3,507
3,107
3,385
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
Unit:
(JPY) million
[ ], YoY Year over year comparison
Foreign exchange gain: ¥327 million
Gain on funds*: ¥3,055 million (of which, ¥585 million is fixed and
realized amount)
(1Q: ¥1,296 million, 2Q: ¥396 million, 3Q: ¥867 million,
4Q: ¥495 million)
Dividend income: ¥82 million
Interest income: ¥42 million
Share of loss of investments accounted for using equity method:
¥2,335 million
DeCurret-related income (loss):
1Q21 2Q21 3Q21 4Q21
1Q20 2Q20 3Q20 4Q20
(306) (273) (207) 156 (296) (256) (780) (1,456)
✓ IIJ ownership: 4Q19 30.0%, from 1Q20 41.6%, from 1Q21 38.2% is
used to recognize gain and loss
✓ DeCurret divested its crypto asset business on Feb. 1, 2022 to
dedicate its business resources to digital currency business
✓ 3Q21 loss increased as it included temporary loss of ¥484 million due
to the divestiture in addition to ordinal loss. 4Q21 loss includes \1.18
billion of loss as impairment on corresponding amount of goodwill (No
more loss related to the divestiture)
✓ 4Q20 income includes a gain on changes in equity of ¥349 million
arisen from the issuance of common stock
Net profit
➤ FY21: ¥15.67 billion, +61.4% YoY
Income tax expense: ¥8,362 million, +97.5% YoY
Tax benefit on loss related to DeCurret investments was not
recognized
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
(74)
(286)
186
368
1,208
(279)
(135)
(313)
319
(217)
292
(155)
855
(572)
(1,084)
(1,625)
(952)
(6)
(34)
(29)
(21)
(1,807)
(36)
(1,667)
(30)
(684)
(2,500)
595 Finance income (expense), net
(1,278) Share of profit (loss) of investments accounted for using equity method
(2,388) Income tax expense
(35)
(27) Less: Profit for the period attributable to non-controlling interests
*Under IFRS, equity securities are measured at fair value through OCI (Other Comprehensive Income) while funds are measured through profit or loss.
Internet Initiative Japan Inc.
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