Investor Presentaiton

Appendix From ISP to Total Network Solution Provider Systems construction (including equipment sales) Systems operation and maintenance (including private Cloud) WAN services Outsourcing services (including Security services) Internet connectivity services (enterprise & consumer) (including Mobile services) Birth Earned enduring client base FY1994 Increase in number of ISPs in Japan FY2000 revenue Recurring Transition Change in business model BLOOM Harvesting the flower of Total Network Solution Provider EMERGE Cloud, consumer mobile, loT.... One-time Recurring Revenue Revenue Price War: IIJ shifted its focus to large corporates FY2005 ISP market consolidation: IIJ survived the tough competition FY2010 IIJ became MVNO in 2008 and launched Cloud services in 2009 O Internet Initiative Japan Inc. FY2015 IIJ launched consumer mobile services in 2012 FY2021 IIJ became full-MVNO in 2018 30 30

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