Consolidated Financial Results for FY2020
Profit
Operating profit
Operating profit ratio
Net Profit (Profit for the period attributable to owners of the parent)
9.0%
7.2%
6.2%
5.3%
4.0%
4.0%
4.1%
2.8%
Unit: (JPY) million
bn = billion
Financials
[ ], YoY =Year over year comparison
Operating profit
•
FY20: ¥14,248 million, +73.2% YoY
4Q20 operating profit includes onetime factors such as \0.39 bn
of decreased cost in mobile interconnectivity (3Q20: ¥0.70 bn),
¥0.20 bn of disposal loss (3Q20: ¥0.29 bn), ¥0.31 bn of additional
provision for bonus, and approx. \0.1 bn of M&A advisory fees
➤ FY20: ¥14,035 million, +96.0% YoY
Interest expense: -¥580 million
•
Gain on funds: +¥479 million
FY19 Operating profit: 8,225
[+36.6%]
FY20 Operating profit: 14,248
[+73.2%]
•
Foreign exchange gain: +¥138 million
•
Dividend income: +¥98 million
Interest income: +¥45 million
FY19 Net profit: 4,007
[+13.8%]
FY20 Net profit: 9,712
[+142.4%]
403
306
273
Equity method investment loss of DeCurret: ¥629 million
✓ Equity in net loss of DeCurret (Unit: \ (JPY) million):
4Q19 1Q20 2Q20 3Q20
4Q20
193
207
4,888
4,120
3,835
3,192
3,107
2,708
2,165
1,971
2,047
1,598
1,654
1,381
980
1,116
777
653
-
IIJ ownership: 4Q19 30.0%, from 1Q20 41.6%, from 1Q21
38.2% is planned to be used to recognize gain and loss
Other than above, in 4Q20, gain on changes in equity of
¥349 million arisen from the issuance of common stock is
recognized
Equity in net profit of JOCDN: Turned to positive in 2Q20, \28
million in FY20 (IIJ ownership: 16.8%)
Net profit
➤ FY20: ¥9,712 million, +142.4% YoY
Income tax expense:-¥4,234 million (FY19: -¥2,965 million)
✓ Of which, tax reduction due to employment promotion
taxation: +¥306 million (FY19: +\237 million)
✓ Of which, deferred tax benefit: +¥384 million (FY19: + \70
million)
1Q19
2Q19
3Q19
4Q19
1Q20 2Q20
3Q20
4Q20
1Q19
2Q19
3Q19
4Q19
1Q20 2Q20 3Q20
4Q20
(124)
(51)
92
(177)
112
(245)
(234)
(439)
(74)
(279) (135)
(286)
(543)
(642)
(922)
(858)
(572)
(49)
(53)
(46)
(39)
(6)
(1,084)
(34)
186
(313)
(1,625)
368 Finance income (expense), net
319 Share of profit (loss) of investments accounted for using equity method
(952) Income tax expense
(29)
(21) Less: Profit for the period attributable to non-controlling interests
Internet Initiative Japan Inc.
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