Investor Presentaiton
VI. FY22 Dividend Forecast
ā Basic dividend policy:
Basic dividend policy of IIJ is that IIJ pays dividends to its shareholders continuously and stably while considering the need to
have retained earnings for the enhancement of financial position, med-to-long term business expansion and future business
investment etc.
ā Historical dividend per share:
Unit: JPY
Interim dividend
1 Year-end dividend
FY19
FY20
FY21
FY22
(Forecast)
+21.9%
58.50
+61.3%
48.00
29.25
23.00
29.75
Initial forecast: 19.50
+120.4%
10.25
13.50
25.00
19.50
6.75
Initial forecast: 19.50
Revised forecast: 23.00
6.75
Payout ratio
30.4%
27.6%
27.7%
29.25
30.2%
Adjusted payout ratio is around 30%, which is calculated by deducting temporary and
non-cash transaction such as valuation gain on funds & impairment losses
We conducted 1:2 stock split on January 1, 2021. Dividends paid before the split are retroactively adjusted to reflect the spit
Internet Initiative Japan Inc.
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