Hold 11/3/2021Upgraded
Internet Initiative Japan Inc. (IIJIF) was upgraded to C from D+ on 11/3/2021 due to an increase in the valuation index, efficiency index and total return index.

Sell 7/1/2021Downgrade
Internet Initiative Japan Inc. (IIJIF) was downgraded to D+ from C- on 07/01/2021.

Hold 6/1/2021Downgrade
Internet Initiative Japan Inc. (IIJIF) was downgraded to C- from C on 6/1/2021 due to a decline in the total return index.

Hold 5/11/2021Upgraded
Internet Initiative Japan Inc. (IIJIF) was upgraded to C from C- on 5/11/2021 due to an increase in the volatility index and total return index.

Hold 4/26/2021Downgrade
Internet Initiative Japan Inc. (IIJIF) was downgraded to C- from C on 4/26/2021 due to a substantial decline in the volatility index and valuation index.

Hold 5/1/2020Upgraded
Internet Initiative Japan Inc. (IIJIF) was upgraded to C from D+ on 5/1/2020 due to a significant increase in the valuation index, growth index and volatility index. Earnings per share increased from $0.2015 to $0.3246, operating cash flow increased 41.36% from $75.88M to $107.27M, and EBIT increased 35.68% from $18.36M to $24.92M.

Sell 11/5/2019Downgrade
Internet Initiative Japan Inc. (IIJIF) was downgraded to D+ from C- on 11/5/2019 due to a decline in the total return index.

Hold 10/15/2019Downgrade
Internet Initiative Japan Inc. (IIJIF) was downgraded to C- from C on 10/15/2019 due to a decline in the valuation index and total return index.

Hold 9/30/2019Upgraded
Internet Initiative Japan Inc. (IIJIF) was upgraded to C from C- on 9/30/2019 due to an increase in the volatility index, valuation index and total return index.

Hold 8/19/2019Downgrade
Internet Initiative Japan Inc. (IIJIF) was downgraded to C- from C on 8/19/2019 due to a decline in the volatility index, growth index and solvency index. Operating cash flow declined 34.58% from $72.99M to $47.75M, earnings per share declined from $0.1114 to $0.078, and the quick ratio declined from 1.23 to 1.08.

Hold 7/5/2019Upgraded
Internet Initiative Japan Inc. (IIJIF) was upgraded to C from C- on 7/5/2019 due to a large increase in the growth index. Earnings per share increased from -$0.0672 to $0.1114, operating cash flow increased 93.3% from $37.76M to $72.99M, and total revenue increased 12.22% from $429.27M to $481.72M.

Hold 7/1/2019Downgrade
Internet Initiative Japan Inc. (IIJIF) was downgraded to C- from C on 7/1/2019 due to a significant decline in the growth index, valuation index and efficiency index. Earnings per share declined from $0.1717 to -$0.0672, net income declined 138.98% from $15.53M to -$6.06M, and operating cash flow declined 35.38% from $58.43M to $37.76M.

Hold 9/28/2018Upgraded
Internet Initiative Japan Inc. (IIJIF) was upgraded to C from C- on 9/28/2018 due to an increase in the volatility index and total return index.

Hold 9/4/2018Downgrade
Internet Initiative Japan Inc. (IIJIF) was downgraded to C- from C on 9/4/2018 due to a noticeable decline in the volatility index.

Hold 10/26/2017Upgraded
Internet Initiative Japan Inc. (IIJIF) was upgraded to C from C- on 10/26/2017 due to a large increase in the volatility index and total return index.

Hold 9/8/2017Upgraded
Internet Initiative Japan Inc. (IIJIF) was upgraded to C- from D+ on 9/8/2017 due to an increase in the total return index.

Sell 8/31/2017Upgraded
Internet Initiative Japan Inc. (IIJIF) was upgraded to D+ from on 8/31/2017 due to a significant increase in the solvency index, efficiency index and growth index. Earnings per share increased from $0.0612 to $0.0703, operating cash flow increased 11.76% from $26.06M to $29.13M, and total capital increased 0.81% from $899.85M to $907.13M.