IIJIF (Internet Initiative Japan) EPS without NRI: $0.89 (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IIJIF Internet Initiative Japan Inc IIJIF
94 GF Score
Price $18.51
GF Value $20.15
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Internet Initiative Japan EPS without NRI?

Internet Initiative Japan IIJIF -3.09% 94 EPS without NRI is $0.89 as of Mar. 2026. GuruFocus rates IIJIF with a GF Score™ of 94/100 and a GF Value™ of $20.15 (Fairly Valued). The stock has 6 warning signs investors should review. Among 279 Telecommunication Services companies, Internet Initiative Japan ranks better than 54.48% on this metric.

Internet Initiative Japan's earnings per share without non-recurring items for the three months ended in Mar. 2026 was $0.28. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was $0.89.

During the past 12 months, Internet Initiative Japan's average earnings per share (NRI) Growth Rate was 21.20% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 9.40% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 17.00% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 26.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Internet Initiative Japan's EPS without NRI or its related term are showing as below:

IIJIF' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -89.4   Med: 9.25   Max: 126.6
Current: 9.4

During the past 13 years, Internet Initiative Japan's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 126.60% per year. The lowest was -89.40% per year. And the median was 9.25% per year.

IIJIF's 3-Year EPS without NRI Growth Rate is ranked better than
54.48% of 279 companies
in the Telecommunication Services industry
Industry Median: 7 vs IIJIF: 9.40

Internet Initiative Japan's EPS (Diluted) for the three months ended in Mar. 2026 was $0.28. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $0.89.

Internet Initiative Japan's EPS (Basic) for the three months ended in Mar. 2026 was $0.28. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $0.89.


Internet Initiative Japan  (OTCPK:IIJIF) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Internet Initiative Japan EPS without NRI Related Terms


Internet Initiative Japan EPS without NRI Historical Data

* Premium members only.

The historical data trend for Internet Initiative Japan's EPS without NRI can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Internet Initiative Japan EPS without NRI Chart

Internet Initiative Japan Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.78 0.74 0.75 0.86

Internet Initiative Japan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.15 0.24 0.23 0.28

IIJIF vs TMUS, VZ, T: EPS without NRI Comparison

For the Telecom Services subindustry, Internet Initiative Japan's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Internet Initiative Japan PE Ratio without NRI vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Internet Initiative Japan's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Internet Initiative Japan's PE Ratio without NRI falls into.


IIJIF
94GF Score
Internet Initiative Japan Inc IIJIF
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Internet Initiative Japan EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of $0.89 mean?
Internet Initiative Japan (IIJIF) has a EPS without NRI of $0.89 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Internet Initiative Japan and its competitors. According to the industry distribution chart, Internet Initiative Japan ranks #127 out of 279 companies in the Telecommunication Services industry, placing it in the top 45.5%.
Is Internet Initiative Japan's EPS without NRI too high?
Internet Initiative Japan's current EPS without NRI is $0.89. The Telecommunication Services industry median EPS without NRI is 7.00. Internet Initiative Japan's value of $0.89 is 87.3% below this industry median. Based on the distribution chart, Internet Initiative Japan ranks #127 out of 279 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Internet Initiative Japan has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Internet Initiative Japan's EPS without NRI compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Internet Initiative Japan ranks #127 out of 279 companies for EPS without NRI. This puts Internet Initiative Japan in the upper half of its industry. The industry median EPS without NRI is 7.00. Internet Initiative Japan's value of $0.89 is 87.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Telecommunication Services company?
The median EPS without NRI among Telecommunication Services companies is 7.00, based on 279 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Internet Initiative Japan's current EPS without NRI of $0.89 is 87.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Internet Initiative Japan and its competitors. For the Telecommunication Services industry, the median EPS without NRI is 7.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Internet Initiative Japan's current EPS without NRI is $0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Internet Initiative Japan stock overvalued right now?
Based on GuruFocus' analysis, Internet Initiative Japan (IIJIF) is currently considered Fairly Valued. The stock's GF Value™ is $20.15, compared to a current price of $18.51 — trading 8.1% below its estimated fair value. The current EPS without NRI is $0.89 and 87.3% below the Telecommunication Services industry median of 7.00. Internet Initiative Japan's overall GF Score™ is 94/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Internet Initiative Japan (IIJIF), the current EPS without NRI is $0.89 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Internet Initiative Japan (IIJIF) Overvalued in 2026?

Based on GuruFocus' analysis, Internet Initiative Japan stock appears to be undervalued. The current stock price of $18.51 is trading 8.1% below its estimated GF Value™ of $20.15. GuruFocus considers Internet Initiative Japan to be Fairly Valued.

Key valuation signals for IIJIF:

  • EPS without NRI: $0.89
  • GF Value™: $20.15 vs. price of $18.51 (8.1% below fair value)
  • GF Score™: 94/100 with 6 warning signs
  • Industry Position: 87.3% below the Telecommunication Services median (#127 of 279)

No single metric tells the full story. See the IIJIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Internet Initiative Japan Business Description

Address Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo, JPN, 102-0071
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.
94GF Score

Get the complete analysis for IIJIF

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.51
Price
$20.15
GF Value