TOKYO, Nov. 04, 2016 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (NASDAQ:IIJI) (TSE1:3774) announced that IIJ’s Board of Directors today resolved upon the interim dividend to be paid from retained earnings to shareholders on the record date of September 30, 2016, as indicated below.
1. Dividend
| FY2016 Interim Dividend | Latest Forecast (disclosed on May 13, 2016) | FY2015 Interim Dividend | |
| Record date | September 30, 2016 | September 30, 2016 | September 30, 2015 |
| Dividend per common share | JPY13.50 | JPY13.50 | JPY11.00 |
| Amount of dividend | JPY620 million | - | JPY505 million |
| Date of payment | December 6, 2016 | - | December 7, 2015 |
| Resource of dividend | Retained earnings | - | Retained earnings |
2. Reason
IIJ’s basic policy for the return to shareholders is to maintain stable and continuous dividends to shareholders while giving full consideration to securing its funds to strengthen its financial position and to prepare for its operation and business development. Considering this basic policy, IIJ decided to pay JPY13.50 per common share as interim dividend as disclosed before.
<Reference> Annual dividend payments
| Dividend per Common Share | |||
| Record Date | Interim Dividend | Year-end Dividend | Annual Dividend |
| Dividend target | - | JPY13.50 | JPY27.00 |
| Year ending March 31, 2017 | JPY13.50 | - | - |
| Year ended March 31, 2016 | JPY11.00 | JPY11.00 | JPY22.00 |
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.
The statements within this release contain forward-looking statements about our future plans that involve risk and uncertainty. These statements may differ materially from actual future events or results. Readers are referred to the documents furnished by Internet Initiative Japan Inc. with the SEC, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.