IIJ Files Consolidated Financial Statements Restated to Reflect Change

    Business Editors

    TOKYO--(BUSINESS WIRE)--April 20, 2005--Internet Initiative Japan Inc. (IIJ, NASDAQ: IIJI) today announced that it filed on Form 6-K with the U.S. Securities and Exchange Commission audited consolidated balance sheets as of March 31, 2003 and 2004, and the related consolidated statements of operations, shareholders' equity (capital deficiency), and cash flows for each of the three years in the period ended March 31, 2004 which are restated to reflect the change in income tax expense (benefit) and accumulated other comprehensive income announced by IIJ on April 11, 2005.

    About IIJ

    Founded in 1992, Internet Initiative Japan Inc. (IIJ, NASDAQ: IIJI) is one of Japan's leading Internet-access and comprehensive network solutions providers. The company has built one of the largest Internet backbone networks in Japan, and between Japan and the United States. IIJ and its group of 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.

    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.

--30--MW/ny*

CONTACT: IIJ Corporate Communications +81-3-5259-6500 ir@iij.ad.jp http://www.iij.ad.jp

KEYWORD: JAPAN INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: NETWORKING INTERNET E-COMMERCE SOURCE: Internet Initiative Japan Inc.

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