Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Thursday, March 28, 2024 · 699,471,834 Articles · 3+ Million Readers

IIJ Partially Corrects Number of Subscription for Connectivity Services as Announced in its Financial Results for the First Three Months of the Fiscal Year Ending March 31, 2018

TOKYO, Aug. 15, 2017 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (NASDAQ:IIJI) (TSE1:3774) has partially corrected its “Number of Contracts and Subscription for Connectivity Services" announced on August 8, 2017 in its financial results for the first three months of the fiscal year ending March 31, 2018. The corrected points are underlined and italicized.

About Correction:
Number of Contracts and Subscription for Connectivity Servicesin page 3 of the press release titled IIJ Announces First Three Months Financial Results for the Fiscal Year Ending March 31, 2018

[Before correction]

Number of Contracts and Subscription for Connectivity Services
      as of
June 30, 2016
    as of
June 30, 2017
    YoY
Change
   
Internet connectivity services (Enterprise)     616,356     1,005,410     389,054    
IP service (1Gbps-)     376     450     74    
IP service (100Mbps-999Mbps)     540     598     58    
IP service (-99Mbps)     659     642     (17 )  
IIJ Data center connectivity service     264     240     (24 )  
IIJ FiberAccess/F and IIJ DSL/F     73,111     71,390     (1,721 )  
IIJ Mobile service (Enterprise)     540,326     931,049     390,723    
IIJ Mobile MVNO Platform Service     333,375     639,659     306,284    
Others     1,080     1,041     (39 )  
Internet connectivity services (Consumer)     1,283,614     1,453,068     169,454    
IIJ     1,141,236     1,322,313     181,077    
IIJmio Mobile Service     810,753     965,692     154,939    
hi-ho     142,378     130,755     (11,623 )  
Total contracted bandwidth     2,239.0Gbps     2,882.6Gbps     643.6Gbps    
 

[After correction]

Number of Contracts and Subscription for Connectivity Services
      as of
June 30, 2016
    as of
June 30, 2017
    YoY
Change
   
Internet connectivity services (Enterprise)     616,356     1,005,410     389,054    
IP service (1Gbps-)     376     450     74    
IP service (100Mbps-999Mbps)     540     598     58    
IP service (-99Mbps)     659     642     (17 )  
IIJ Data center connectivity service     264     240     (24 )  
IIJ FiberAccess/F and IIJ DSL/F     73,111     71,390     (1,721 )  
IIJ Mobile service (Enterprise)     540,326     931,049     390,723    
IIJ Mobile MVNO Platform Service     333,375     639,659     306,284    
Others     1,080     1,041     (39 )  
Internet connectivity services (Consumer)     1,283,614     1,418,426     134,812    
IIJ     1,141,236     1,287,671     146,435    
IIJmio Mobile Service     810,753     965,692     154,939    
hi-ho     142,378     130,755     (11,623 )  
Total contracted bandwidth     2,239.0Gbps     2,882.6Gbps     643.6Gbps    
 

About IIJ

Founded in 1992, IIJ is one of Japan's leading Internet-access and comprehensive network solutions providers. IIJ and its group companies provide total network solutions that mainly cater to high-end corporate customers. IIJ's services include high-quality Internet connectivity services, systems integration, cloud computing services, security services and mobile services. Moreover, IIJ has built one of the largest Internet backbone networks in Japan that is connected to the United States, the United Kingdom and Asia. IIJ listed on the U.S. NASDAQ Stock Market in 1999 and on the First Section of the Tokyo Stock Exchange in 2006.

Statements made in this press release regarding IIJ’s or management’s intentions, beliefs, expectations, or predictions for the future are forward-looking statements that are based on IIJ’s and management's current expectations, assumptions, estimates and projections about its business and the industry. These forward-looking statements, such as statements regarding FY2017 revenues and operating and net profitability, are subject to various risks, uncertainties and other factors that could cause IIJ’s actual results to differ materially from those contained in any forward-looking statement. These risks, uncertainties and other factors include: IIJ’s ability to maintain and increase revenues from higher-margin services such as systems integration and outsourcing services; the possibility that revenues from connectivity services may decline substantially as a result of competition and other factors; the ability to compete in a rapidly evolving and competitive marketplace; the impact on IIJ's profits of fluctuations in costs such as backbone costs and subcontractor costs; the impact on IIJ's profits of fluctuations in the price of available-for-sale securities; the impact of technological changes in its industry; IIJ’s ability to raise additional capital to cover its indebtedness; the possibility that NTT, IIJ’s largest shareholder, may decide to exercise substantial influence over IIJ; and other risks referred to from time to time in IIJ’s filings on Form 20-F of its annual report and other filings with the United States Securities and Exchange Commission.

For inquiries, contact:
                    
                    IIJ Investor Relations
                    Tel: +81-3-5205-6500 E-mail: ir@iij.ad.jp URL: https://www.iij.ad.jp/en/ir

Primary Logo

Powered by EIN News
Distribution channels: IT Industry


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release