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Updated · KTVB.com · May 14Internet Initiative Japan Posts $50.4 Million Q4 Profit on $612.3 Million Revenue
1 articles · Updated · KTVB.com · May 14
- $50.4 million in fiscal fourth-quarter net income gave Internet Initiative Japan earnings of 57 cents a share, according to results released Thursday.
- $612.3 million in quarterly revenue accompanied the profit, outlining the Tokyo-based internet service provider's latest operating scale.
- $160.7 million in full-year profit, or $1.81 a share, came on $2.29 billion in annual revenue.
- The quarterly report caps the company's fiscal year with steady profitability across both the final quarter and the full-year period.
After a record-breaking quarter, why is an activist investor targeting Japan's pioneering internet service provider? How is this niche provider outperforming forecasts while Japan's telecom giants face price wars and a shrinking population? Can Japan's first ISP leverage next-gen optical tech to outmaneuver the telecom giants dominating its market?