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- Internet Initiative Japan
Internet Initiative Japan Valuation Multiples
Discover revenue and EBITDA valuation multiples for Internet Initiative Japan and similar public comparables like TietoEVRY, Also Holding, Tata Technologies, Matrix IT and more.
Internet Initiative Japan Overview
About Internet Initiative Japan
Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.
Founded
1992
HQ

Employees
5.2K
Website
Financials (LTM)
EV
$2B
Internet Initiative Japan Financials
Internet Initiative Japan reported last 12-month revenue of $2B and EBITDA of $381M.
In the same LTM period, Internet Initiative Japan generated $465M in gross profit, $381M in EBITDA, and $145M in net income.
Revenue (LTM)
Internet Initiative Japan P&L
In the most recent fiscal year, Internet Initiative Japan reported revenue of $2B and EBITDA of $386M.
Internet Initiative Japan expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $465M | XXX | $428M | XXX | XXX | XXX |
| Gross Margin | 21% | XXX | 20% | XXX | XXX | XXX |
| EBITDA | $381M | XXX | $386M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $145M | XXX | $135M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $7M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Internet Initiative Japan Stock Performance
Internet Initiative Japan has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Internet Initiative Japan's stock price is $13.95.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.2% | XXX | XXX | XXX | $0.76 |
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Start Free TrialInternet Initiative Japan Valuation Multiples
Internet Initiative Japan trades at 1.1x EV/Revenue multiple, and 6.4x EV/EBITDA.
EV / Revenue (LTM)
Internet Initiative Japan Financial Valuation Multiples
As of April 2, 2026, Internet Initiative Japan has market cap of $2B and EV of $2B.
Equity research analysts estimate Internet Initiative Japan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Internet Initiative Japan has a P/E ratio of 17.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 6.4x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBIT | 11.0x | XXX | 11.9x | XXX | XXX | XXX |
| EV/Gross Profit | 5.2x | XXX | 5.7x | XXX | XXX | XXX |
| P/E | 17.0x | XXX | 18.3x | XXX | XXX | XXX |
| EV/FCF | 52.8x | XXX | 46.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Internet Initiative Japan Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Internet Initiative Japan Margins & Growth Rates
Internet Initiative Japan's revenue in the last 12 month grew by 9%.
Internet Initiative Japan's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.0M for the same period.
Internet Initiative Japan's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Internet Initiative Japan's rule of X is 41% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Internet Initiative Japan Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 41% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 11% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Internet Initiative Japan Public Comps
See public comps and valuation multiples for other IT Consulting and Network Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TietoEVRY | XXX | XXX | XXX | XXX | XXX | XXX |
| Also Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Tata Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Matrix IT | XXX | XXX | XXX | XXX | XXX | XXX |
| Alten | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Internet Initiative Japan M&A Activity
Internet Initiative Japan acquired XXX companies to date.
Last acquisition by Internet Initiative Japan was on XXXXXXXX, XXXXX. Internet Initiative Japan acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Internet Initiative Japan
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialInternet Initiative Japan Investment Activity
Internet Initiative Japan invested in XXX companies to date.
Internet Initiative Japan made its latest investment on XXXXXXXX, XXXXX. Internet Initiative Japan invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Internet Initiative Japan
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Internet Initiative Japan
| When was Internet Initiative Japan founded? | Internet Initiative Japan was founded in 1992. |
| Where is Internet Initiative Japan headquartered? | Internet Initiative Japan is headquartered in Japan. |
| How many employees does Internet Initiative Japan have? | As of today, Internet Initiative Japan has over 5K employees. |
| Who is the CEO of Internet Initiative Japan? | Internet Initiative Japan's CEO is Koichi Suzuki. |
| Is Internet Initiative Japan publicly listed? | Yes, Internet Initiative Japan is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Internet Initiative Japan? | Internet Initiative Japan trades under 3774 ticker. |
| When did Internet Initiative Japan go public? | Internet Initiative Japan went public in 2005. |
| Who are competitors of Internet Initiative Japan? | Internet Initiative Japan main competitors are TietoEVRY, Also Holding, Tata Technologies, Matrix IT. |
| What is the current market cap of Internet Initiative Japan? | Internet Initiative Japan's current market cap is $2B. |
| What is the current revenue of Internet Initiative Japan? | Internet Initiative Japan's last 12 months revenue is $2B. |
| What is the current revenue growth of Internet Initiative Japan? | Internet Initiative Japan revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Internet Initiative Japan? | Current revenue multiple of Internet Initiative Japan is 1.1x. |
| Is Internet Initiative Japan profitable? | Yes, Internet Initiative Japan is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Internet Initiative Japan? | Internet Initiative Japan's last 12 months EBITDA is $381M. |
| What is Internet Initiative Japan's EBITDA margin? | Internet Initiative Japan's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Internet Initiative Japan? | Current EBITDA multiple of Internet Initiative Japan is 6.4x. |
| What is the current FCF of Internet Initiative Japan? | Internet Initiative Japan's last 12 months FCF is $46M. |
| What is Internet Initiative Japan's FCF margin? | Internet Initiative Japan's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Internet Initiative Japan? | Current FCF multiple of Internet Initiative Japan is 52.8x. |
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