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Internet Initiative Japan Inc. IIJIY | OTC

$44.50 $1.23 | 2.84%

SIGNAL:

Signal available — unlock to view

|2026-09-23 |F&G 56 |RSI 54.8

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Company Overview:

Market Cap: $3.94B

Trailing PE: 0.2x

FWD PE: —

Payout Ratio (TTM): 28.3%

52-Week Range: $27.00 - $44.61

10 Year IIJIY Performance Metrics:

Total Return (with DRIP): 436.3% (18.29% CAGR)

Total Return (no DRIP): 413.6% (17.78% CAGR)

Share Price: 385.8% (17.12% CAGR)

Yield on Cost (with DRIP): 6.65%

Total Invested: $10,000

Total Value (with DRIP): $53,625

Total Return $ (with DRIP): $43,625

Dividend Increase: 368.4% (17.65% CAGR)

Dividend Yield (FWD): 1.24% ($0.55)

IIJIY 10-yr Total Return ($10K invested)

1M 3M 6M YTD 1Y 3Y 5Y 10Y

IIJIY Share Price

1M 3M 6M YTD 1Y 3Y 5Y 10Y All

IIJIY Price CAGR:1Y: 28.99%2Y: 2.56%5Y: 4.58%10Y: 16.96%

IIJIY Dividend Charts

IIJIY - Dividends

IIJIY Dividend CAGR:1Y: -8.17%2Y: 4.67%5Y: 6.13%10Y: 16.70%

IIJIY - Dividend Payout Ratio

IIJIY Dividend Payout Ratio CAGR:1Y: -4.04%2Y: -7.26%5Y: 9.42%10Y: -1.92%

IIJIY - Dividend to Free Cash Flow Ratio

IIJIY Dividend to FCF Ratio CAGR:1Y: 752.77%2Y: 0.00%5Y: 58.86%10Y: 0.00%

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IIJIY Fundamentals: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

IIJIY - Revenue

IIJIY Revenue CAGR:1Y: 27.05%2Y: 16.42%5Y: 13.00%10Y: 10.43%

IIJIY - Earnings Per Share (EPS)

IIJIY EPS CAGR:1Y: 16.29%2Y: 14.96%5Y: 5.03%10Y: 15.69%

IIJIY - Net Income

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IIJIY Net Income CAGR:1Y: 17.71%2Y: 15.69%5Y: 4.86%10Y: 23.72%

IIJIY - EBITDA

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IIJIY EBITDA CAGR:1Y: 8.74%2Y: 12.69%5Y: 4.84%10Y: 15.99%

IIJIY - Free Cash Flow

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IIJIY Free Cash Flow CAGR:1Y: -86.91%2Y: 0.00%5Y: -27.94%10Y: 0.00%

IIJIY - Free Cash Flow / Share

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IIJIY Free Cash Flow / Share CAGR:1Y: -91.14%2Y: 0.00%5Y: -27.68%10Y: 0.00%

IIJIY - Operating Income

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IIJIY Operating Income CAGR:1Y: 9.24%2Y: 21.10%5Y: 8.61%10Y: 22.92%

IIJIY - Gross Profit

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IIJIY Gross Profit CAGR:1Y: 7.66%2Y: 12.76%5Y: 9.48%10Y: 12.01%

IIJIY - Shares Outstanding

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IIJIY Shares Outstanding CAGR:1Y: 0.06%2Y: 0.05%5Y: -0.38%10Y: 6.80%

IIJIY - Share Buybacks

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IIJIY Share Buybacks CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

IIJIY - Stock-Based Comp

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IIJIY Stock-Based Comp CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

IIJIY - Expenses

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IIJIY Expenses CAGR:1Y: 42.16%2Y: 20.95%5Y: 18.79%10Y: 12.31%

IIJIY - Revenue vs Net Income

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IIJIY - EPS vs FCF / Share

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IIJIY - EPS vs PE Ratio

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IIJIY - FCF vs FCF / Share

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IIJIY - FCF vs Stock Based Comp

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IIJIY - Cash & Debt

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Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

IIJIY - REVENUE: Actual + Estimates

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IIJIY Actual Revenue CAGR:1Y: 27.05%2Y: 16.42%5Y: 13.00%10Y: 10.43%

IIJIY - EPS: Actual + Estimates

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IIJIY Actual EPS CAGR:1Y: 16.29%2Y: 14.96%5Y: 5.03%10Y: 15.69%

IIJIY - NET INCOME: Actual + Estimates

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IIJIY Actual Net Income CAGR:1Y: 17.71%2Y: 15.69%5Y: 4.86%10Y: 23.72%

IIJIY - EBITDA: Actual + Estimates

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IIJIY Actual EBITDA CAGR:1Y: 8.74%2Y: 12.69%5Y: 4.84%10Y: 15.99%

Ratios, Profit Margins & Return on Capital:

IIJIY - Net Profit Margin

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IIJIY Net Profit Margin CAGR:1Y: -8.54%2Y: -1.20%5Y: -7.43%10Y: 11.91%

IIJIY - Gross Profit Margin

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IIJIY Gross Profit Margin CAGR:1Y: -15.28%2Y: -3.13%5Y: -3.12%10Y: 1.43%

IIJIY - Price to Earnings

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IIJIY Price to Earnings CAGR:1Y: -3.15%2Y: 1.20%5Y: 7.75%10Y: -3.36%

IIJIY - Price To Sales Ratio

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IIJIY Price To Sales Ratio CAGR:1Y: -11.32%2Y: -0.02%5Y: -0.24%10Y: 8.14%

IIJIY - Return on Capital Employed

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IIJIY Return on Capital Employed CAGR:1Y: -3.00%2Y: 8.90%5Y: 0.04%10Y: 11.64%

IIJIY - Return on Invested Capital

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IIJIY Return on Invested Capital CAGR:1Y: -2.56%2Y: 8.05%5Y: -0.76%10Y: 13.56%

IIJIY Dividends Info:

Annual Dividend: $0.55216

Forward Yield: 1.24%

Ex-Dividend Date: 2026-09-29

Lifetime Dividends / Share: $3.60

IIJIY Dividend History: Dates, Payments & Yield list

Below is a schedule of all IIJIY dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date	Payment Date	Amount	Yield	Forward Yield	Price on Ex-Date
09/29/2026	12/07/2026	$0.276	1.28%	0%	$0.00
03/31/2026	07/09/2026	$0.213	1.43%	0.98%	$43.35
03/30/2026	06/29/2026	$0.122	0.82%	0%	$0.00
09/30/2025	12/15/2025	$0.251	1.45%	1.39%	$36.03
03/31/2025	07/07/2025	$0.242	1.47%	1.26%	$38.37
09/30/2024	12/16/2024	$0.190	0.9%	0.95%	$40.03
03/27/2024	07/08/2024	$0.150	0.77%	0.97%	$30.84
09/28/2023	12/18/2023	$0.169	1.03%	0.95%	$35.50
03/30/2023	07/10/2023	$0.147	0.72%	0.75%	$39.45
09/29/2022	12/12/2022	$0.178	1.13%	1.05%	$33.93
03/30/2022	07/11/2022	$0.141	0.83%	0.75%	$37.43
09/29/2021	12/13/2021	$0.158	0.88%	0.74%	$43.00
03/30/2021	07/12/2021	$0.130	1.11%	0.81%	$32.11
09/29/2020	12/14/2020	$0.072	0.62%	0.73%	$19.62
03/30/2020	07/06/2020	$0.046	0.58%	0.56%	$16.44
09/27/2019	12/16/2019	$0.045	0.81%	0.74%	$12.25
03/28/2019	07/09/2019	$0.051	1.06%	1.06%	$9.65
09/26/2018	12/17/2018	$0.045	0.88%	0.81%	$11.22
03/27/2018	07/09/2018	$0.046	0.91%	0.98%	$9.45
09/27/2017	12/18/2017	$0.045	1.01%	1.01%	$8.96
03/29/2017	07/10/2017	$0.045	1.02%	1.04%	$8.76
09/29/2016	12/16/2016	$0.059	1.29%	1.62%	$7.32
03/30/2016	07/07/2016	$0.054	1.03%	1.04%	$10.37
09/29/2015	12/17/2015	$0.045	1%	0.94%	$9.47
03/30/2015	07/09/2015	$0.045	1.13%	1.06%	$8.45
09/28/2014	12/18/2014	$0.045	0.95%	1.01%	$8.97
03/27/2014	07/07/2014	$0.054	0.99%	0.92%	$11.70
09/26/2013	12/16/2013	$0.054	0.78%	0.82%	$13.11
03/27/2013	07/08/2013	$0.051	0.63%	0.63%	$16.09
09/26/2012	12/17/2012	$0.053	0.89%	1%	$10.65
03/28/2012	07/09/2012	$0.055	1.45%	1.15%	$9.53
09/28/2011	12/16/2011	$0.048	0.93%	1.22%	$7.91
03/29/2011	07/11/2011	$0.046	1.36%	1.06%	$8.74
09/28/2010	12/16/2010	$0.038	1.22%	1.18%	$6.40
03/29/2010	07/08/2010	$0.035	1.37%	0.98%	$7.16
09/28/2009	12/14/2009	$0.028	0.98%	1.24%	$4.49
03/29/2009	07/09/2009	$0.026	2.23%	1.21%	$4.30
09/28/2008	12/15/2008	$0.027	1.09%	2.05%	$2.63
03/27/2008	07/10/2008	$0.024	0.62%	0.62%	$7.64
09/27/2007	12/14/2007	$0.017	0.49%	0.41%	$8.27
03/28/2007	07/09/2007	$0.030	1.36%	1.62%	$7.50

Projected Future Returns & Dividends for IIJIY

Based on past 10-year performance, here are IIJIY growth metrics:

Share price CAGR of +16.96%
Dividend CAGR of +16.7%

Using IIJIY CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

	IIJIY (DRIP)	IIJIY - No DRIP
Current Price	$44.50	$44.50
Start Shares	224.72	224.72
Start Value	$10,000	$10,000

After 10 years:
Final Share Count	254.00	224.72
Dividends Payment	$1.29	$1.29
Annual Dividends	$657	$581
Yield on cost	6.57%	5.81%
Share Price	$213.16	$213.16
Total Dividends	$2,948	$2,738
Final Value	$54,142	$50,639

Estimated Future Value + Dividends - IIJIY

NOTE: Above numbers are our estimate based on IIJIY's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

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Company Info

Internet Initiative Japan Inc. (IIJIY) had its IPO on 2019-04-22, and is traded on OTC stock exchange.

Internet Initiative Japan Inc. (IIJ), established in Tokyo, Japan, in 1992, is a comprehensive provider of IT and networking services primarily within Japan. The company operates through two distinct segments: its core Network Services and Systems Integration Business, and an ATM Operation Business. IIJ's extensive portfolio encompasses fundamental internet connectivity, Wide Area Network (WAN) solutions, IT outsourcing, systems integration, and the sale of network-related hardware. Their offerings span a broad range of advanced services, including mobile communication and remote access capabilities, and sophisticated network technologies like SDN and multi-cloud networks. The company also delivers robust security solutions, featuring managed firewalls, DDoS protection, and intrusion detection/prevention systems. Furthermore, IIJ is a significant player in the cloud computing space, providing everything from IaaS and PaaS to specialized cloud storage, monitoring, virtual desktops, and tailored IoT/M2M solutions. They facilitate cloud integration for major platforms like Microsoft and AWS. Beyond these, IIJ offers expert IT consulting, data center services (including construction), digital transformation (DX) support, and a variety of industry-specific applications, alongside global and privacy-focused products.

IIJIY website: https://www.iij.ad.jp

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DCF Model — IIJIY

Value from:

EPS (TTM)icompany profit per share over the last 12 months

EPS Growth %ihow fast profit per share grows each of the next 5 years — prefilled with what analysts expect

EPS growth after year 5 (forever)ithe slower pace once the fast 5 years are over — only drives years 6-10 of the price path below

Exit multiple (PE in 5 yrs)iwhat buyers pay per $1 of profit in 2031 — prefilled with today’s forward PE

Desired return %/yrithe yearly return you want from buying today — the S&P has done ~14%/yr, ask for more from a single stock

FCF growth %/yr (next 5 yrs)ihow fast free cash flow grows while the company is still expanding fast

Years of fast FCF growthihow many years the fast growth lasts before the business settles down

FCF growth after year 5 (forever)ithe slow, steady pace once the company is mature — usually 2-3%, near inflation. Must stay below your target return

Risk-free rate %iwhat a 10-yr US treasury pays with zero risk — the floor any risky stock must beat

Your target return %/yrithe yearly return you want for taking this risk — rule of thumb: risk-free rate + extra for risk

FCF base ($M, TTM)ilast 12 months of free cash flow, added up from reported quarters

Include dividends in returnidividends hand you part of the return in cash, so the share price needs to climb less

Pay up to today

—

vs current price $44.50

—

Cash flow & implied price by year

FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.

EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.

Free cash flow today

—

grows for the next years

Then mature

—

every future dollar counted back to today

Pile of today-dollars

—

÷ shares

Implied price path

Year	FCF	Implied price

Sensitivity — fair value: growth ↓ × target return →

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