TOKYO, May 26, 2011 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (Nasdaq:IIJI) (TSE1:3774) announced that IIJ's Board of Directors today resolved upon the dividends to be paid from retained earnings to shareholders on the record date of March 31, 2011, as indicated below.
The distribution or retained earnings are subject to the approval of IIJ's 19th Ordinary General Meeting of Shareholders that will be held on June 28, 2011 in Tokyo.
1. Dividend
|
FY2010 Year-end Dividend |
Latest forecast (released on May 13, 2011) |
Comparable previous year (FY2009 Year-end Dividend) |
||||
| Record date | March 31, 2011 | March 31, 2011 | March 31, 2010 | |||
| Dividend per common share | JPY1,500 | JPY1,500 | JPY1,250 | |||
| Amount of dividend | JPY304 million | -- | JPY253 million | |||
| Date of Payment | June 29, 2011 | -- | June 28, 2010 | |||
| Resource of dividend | Retained earnings | -- | Retained earnings | |||
2. Reason
The Company's basic policy for the return of profit 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 the basic policy and the Company's current business performance, the Company decided to pay JPY1,500 per common share as year-end dividend. Accordingly, including the interim dividend of JPY1,250 per common share already paid, the annual dividend per common share for the fiscal year ended March 31, 2011 will be JPY2,750.
<Reference> Annual dividend payments
| Dividend Per Common Share | ||||||
| Record Date | Interim Dividend | Year-end Dividend | Annual Dividend | |||
| Year ended March 31, 2011 | JPY1,250 (paid) | JPY1,500 | JPY2,750 | |||
| Year ended March 31, 2010 | JPY1,000 | JPY1,250 | JPY2,250 | |||
About IIJ
Founded in 1992, Internet Initiative Japan Inc. is one of Japan's leading Internet-access and comprehensive network solutions provider. IIJ and its group companies provide total network solutions that mainly cater to high-end corporate customers. The company's services include high-quality systems integration and security services, Internet access, hosting/housing, and content design. Moreover, the company has built one of the largest Internet backbone networks in Japan, and between Japan and the United States. IIJ listed on NASDAQ in 1999 and on the First Section of the Tokyo Stock Exchange in 2006. For more information about IIJ, visit the IIJ Web site at http://www.iij.ad.jp/en/.
The Internet Initiative Japan Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4613
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.