Report of Foreign Issuer (6-k)
March 24 2015 - 6:09AM
Edgar (US Regulatory)
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of March 2015.
Commission File Number: 0-30204
Internet Initiative Japan Inc.
(Translation of registrant's name into English)
Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo 102-0071, Japan
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ x ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [ x ]
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
On March 24, 2015, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(c) Exhibit 99.1. Press release dated March 24, 2015, titled "IIJ Revises its Full-Year Financial Target for FY2014 by the Revision of Wholesale Telecommunications Service Charge of NTT Docomo".
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Internet Initiative Japan Inc.
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Date: March 24, 2015 |
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By: /s/ KOICHI SUZUKI
Koichi Suzuki
Chairman, Chief Executive Officer and Representative Director |
EXHIBIT 99.1
IIJ Revises its Full-Year Financial Target for FY2014 by the Revision of Wholesale Telecommunications Service Charge of NTT Docomo
TOKYO, March 24, 2015 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (Nasdaq:IIJI) (TSE1:3774) announced today that given the revision of wholesale telecommunications service charge of NTT Docomo, Inc. ("Docomo"), IIJ has revised its full-year financial target for the fiscal year ending March 31, 2015 ("FY2014") from the target announced on November 7, 2014.
1. Revision for the Consolidated Financial Target for full FY2014
Full FY2014 (From April 1, 2014 to March 31, 2015) |
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|
|
|
|
Total
Revenues |
Operating
Income |
Income before
Income Tax
Expense(Benefit) |
Net Income
attributable to
IIJ |
Basic Net
Income
attributable to
IIJ per Share |
|
JPY millions |
JPY millions |
JPY millions |
JPY millions |
JPY |
Previous Target (A) |
122,000 |
6,500 |
6,500 |
4,000 |
87.07 |
New Target (B) |
123,000 |
5,050 |
5,150 |
3,100 |
67.48 |
Change (B-A) |
1,000 |
(1,450) |
(1,350) |
(900) |
-- |
Change (%) |
0.8% |
(22.3%) |
(20.8%) |
(22.5%) |
-- |
<Reference>
FY2013 Actual |
114,272 |
5,723 |
6,275 |
4,442 |
100.26 |
The year-end dividend target remains unchanged from JPY11.00 announced on May 15, 2014.
2. Reason for Revision
IIJ provides mobile communications service through an MVNO (Mobile Virtual Network Operator) scheme by purchasing mobile infrastructure from Docomo.
Docomo calculates connection charge, a flat-rate per Mbps which is the same charge for all of its MVNOs, every year based on its actual costs in a previous year, along with the "Telecommunications Business Law" and the "Guidelines related to Operation of the Institution for Category II Designated Telecommunications Facilities*1" which are administrated by the Ministry of Internal Affairs and Communications. The connection charge had continuously decreased every year, its decreased rate*2 became larger in recent years, and it decreased by 56.6% last fiscal year.
Docomo calculated the connection charge for FY2014 based on its FY2013 actual costs. IIJ recognized that the connection charge for FY2014, which should be applied to our fiscal year ending March 31, 2015, has decreased, but the decreased rate was smaller than the past years' results and our anticipation, which is incorporated in our previous disclosed operating income target of JPY6.5 billion. As a result, our network services' cost for FY2014 is estimated to be approximately JPY1.26 billion*3 larger than our estimation and it shall adversely impact our income results in the same amount.
*1 The Guidelines, which were established in 2010 and revised in 2014, set forth clear rules for the calculation methods of connection charges and relevant matters of telecommunications carriers setting up category II designation telecommunications facilities. (Source: http://www.soumu.go.jp/main_sosiki/joho_tsusin/eng/Releases/Telecommunications/140311_02.html)
*2 Decreased rate in connection charge for a fiscal year is defined as the percentage of decreased amount of connection charge in comparison with the connection charge in a previous year. Decreased rate in recent years is as follows: 56.6% (FY2013), 41.2% (FY2012), 35.1% (FY2011)
*3 The breakdown of JPY1.26 billion is as follows: approximately JPY0.20 billion and approximately JPY0.64 billion come from the gap between our actual and our estimated connection charge, based on Docomo's FY2013 costs, which should be applied to our network services' costs for FY2013 and FY2014, respectively. Approximately JPY0.42 billion comes from the impact of not recognizing the decrease amount of connection charge based on our preliminary estimate, based on Docomo's FY2014 costs, which should be applied to our network services' costs for FY2014.
(*) The above target for FY2014 consolidated financial results is based on information available at the time of the announcement and the actual results may differ from the target due to various factors.
CONTACT: Company name: Internet Initiative Japan Inc.
Company representative: Eijiro Katsu, President and
Representative Director
(Stock Code Number: 3774, The First Section of the
Tokyo Stock Exchange)
Akihisa Watai, Managing Director and CFO
TEL: 03-5205-6500
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