Notice Regarding Voluntary Adoption of International Financial Reporting Standards (IFRS)
February 06 2019 - 10:15PM
Internet Initiative Japan Inc. (“IIJ”, NASDAQ: IIJI, TSE1: 3774)
announced that IIJ’s Board of Directors today resolved that
starting from an annual report “Yuka-shoken-houkokusho” filed under
the Financial Instruments and Exchange Act of Japan for the fiscal
year ending March 31, 2019, IIJ will replace currently adopted
Generally Accepted Accounting Principles in the United States
(“U.S. GAAP”) and voluntarily adopt International Financial
Reporting Standards (“IFRS”) for its consolidated financial
statements.
IIJ’s anticipated schedule for its voluntary
adoption of IFRS is as follows:
Fiscal
yearending March 31, 2019 |
Disclosure
items |
Accounting
standardsAdopted |
Financial results release for the full fiscal year ending March 31,
2019* Consolidated financial statements under the Companies
Act for the fiscal year ending March 31, 2019 which will be
included in Convocation Notice of the 27th Ordinary General Meeting
of Shareholders of IIJ |
U.S. GAAP |
Annual report “Yuka-shoken-houkokusho” filed under the Financial
Instruments and Exchange Act for the fiscal year ending March 31,
2019 |
IFRS |
* In May 2019, we plan to disclose our financial
targets for the fiscal year ending March 31, 2020 in accordance
with IFRS in our financial results release for the full fiscal year
ending March 31, 2019. Also, we plan to disclose financial results
release for the full fiscal year ending March 31, 2019 updated in
accordance with IFRS after we file the annual report
“Yuka-shoken-houkokusho” for the fiscal year ending March 31,
2019.
About
IIJFounded 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.
For inquiries, contact:IIJ Investor Relations
Tel: +81-3-5205-6500 E-mail: ir@iij.ad.jp URL:
https://www.iij.ad.jp/en/ir
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