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IIJ Operating Profit Falls 40.5 Percent

Tokyo, Aug 12, 2008 (Jiji Press) - Internet Initiative Japan Inc. <3774> said Tuesday that its group operating profit for April-June plunged 40.5 pct from a year earlier to 411 million yen due to operating losses at newly established subsidiaries.

Net profit tumbled 70.4 pct to 169 million yen because of the lack of proceeds from sales of securities that the Internet service provider booked in the same period of last year.

Sales rose 19.2 pct to 16,328 million yen thanks to growth of corporate customers as well as the acquisition of a service provider for individual users in June 2007.

The company left its earnings forecasts for the full fiscal year ending next March unchanged.

By Jiji Press, (c) Jiji Press

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