Partial amendments 1 Advances to equity method investees JPY34545 thousand whichwas classified in Investments in and advances to equity methodinvestees has been reclassified

Partial amendments (1) Advances to equity method investees (JPY34,545 thousand) whichwas classified in "Investments in and advances to equity methodinvestees" has been reclassified to "Other assets" in theconsolidated balance sheets as of March 31, 2009. Due to thisreclassification, "Investments in and advances to equity methodinvestees" was renamed to "Investments in equity methodinvestees" and postscripts related to allowance for doubtfulaccounts has also been amended. Due to this reclassification,consolidated balance sheets as of March 31, 2008 has also beenreclassified. (2) JPY171,205 thousand which was recognized in "Loss on disposal ofproperty and equipment" has been corrected to "Depreciation andamortization" in the operating activities of the consolidatedstatements of cash flows. The same correction was made in theoperating activities of the quarterly consolidated statements ofcash flows of the 4th quarter FY2008 reference material."Adjusted EBITDA" and "Depreciation and amortization" of the 4thquarter FY2008 reference material has also been changed.

(3) JPY3,415 thousand which was recognized in "Proceeds from salesand redemption of short-term and other investment" has beencorrected to "Proceeds from sales of available-for-salesecurities" in the investing activities of the consolidatedstatements of cash flows. The same reclassification was made inthe investing activities of the quarterly consolidated statementsof cash flows of the 4th quarter FY2008 reference material 2. Content of amendments The figures underlined in the following pages are amended. Amendments for (1) Consolidated Balance Sheets (Unaudited) (Before amendment)As of March 31, 2008 As of March 31, 2009 ThousandsThousands%of U.S. Thousands% of JPY Dollarsof JPY ASSETS INVESTMENTS IN ANDADVANCES TO EQUITYMETHOD INVESTEES, netof loan loss valuationallowance of JPY16,701thousand at March 31,2008 and March 31,2009, respectively991,2371.89,906 982,1711.9--------------- ---------- OTHER ASSETS, net ofallowance for doubtfulaccounts of JPY 64,796thousand and JPY 72,800thousand at March 31,2008 and March 31,2009, respectively4,177,1627.5 39,950 3,960,9977.5 ------------- ------ ------------ TOTAL 55,702,546100.0527,49652,301,199100.0 (After amendment)As of March 31, 2008 As of March 31, 2009 ThousandsThousands%of U.S.

Thousands% of JPY Dollarsof JPY ASSETS INVESTMENTS IN EQUITYMETHOD INVESTEES956,6921.79,557 947,6261.8--------------- ---------- OTHER ASSETS, net ofallowance for doubtfulaccounts of JPY81,497thousand and JPY89,501thousand at March 31,2008 and March 31,2009, respectively4,211,7077.6 40,298 3,995,5427.6 ------------- ------ ------------ TOTAL 55,702,546100.0527,49652,301,199100.0 Amendments for (2) Consolidated Statements of Cash Flows (Unaudited), OPERATING ACTIVITIES: (Before amendment)Fiscal Year Ended March 31, Fiscal Year Ended 2008March 31, 2009 Thousands of Thousands ofThousands ofJPY U.S. DollarsJPY OPERATING ACTIVITIES:Depreciation and amortization 4,774,804 53,044 5,259,296------ ---------Loss on disposal of property and equipment72,0866,195 614,224 ----- ------- Net cash provided byoperating activities4,537,746 87,049 8,630,869 (After amendment)Fiscal Year Ended March 31, Fiscal Year Ended 2008March 31, 2009 Thousands of Thousands ofThousands ofJPY U.S. DollarsJPY OPERATING ACTIVITIES:Depreciation and amortization 4,774,804 54,771 5,430,501------ ---------Loss on disposal of property and equipment72,0864,468 443,019 ----- ------- Net cash provided byoperating activities4,537,746 87,049 8,630,869 Reconciliation of Non-GAAP Financial Measures (Before amendment)4Q084Q07JPY millionsJPY millions Adjusted EBITDA 2,379 3,101 ----- Depreciation and Amortization 1,306 1,293 ----- (After amendment)4Q084Q07JPY millionsJPY millions Adjusted EBITDA 2,550 3,101 ----- Depreciation and Amortization 1,477 1,293 ----- Quarterly Consolidated Statements of Cash Flows (Unaudited), OPERATING ACTIVITIES: (Before amendment) Three Months Ended March 31,Three Months Ended 2008 March 31, 2009 Thousands of Thousands ofThousands ofJPY U.S. DollarsJPY OPERATING ACTIVITIES:Depreciation and amortization 1,293,410 13,168 1,305,653------ ---------Loss on disposal of property and equipment56,4044,543 450,452 ----- ------- Net cash provided byoperating activities4,083,239 33,081 3,280,002 (After amendment) Three Months Ended March 31,Three Months Ended 2008 March 31, 2009 Thousands of Thousands ofThousands ofJPY U.S.

DollarsJPY OPERATING ACTIVITIES:Depreciation and amortization 1,293,410 14,895 1,476,858------ ---------Loss on disposal of property and equipment56,4042,816 279,247 ----- ------- Net cash provided byoperating activities4,083,239 33,081 3,280,002 Amendments for (3) Consolidated Statements of Cash Flows (Unaudited), INVESTING ACTIVITIES: (Before amendment)Fiscal Year Ended March 31, Fiscal Year Ended 2008March 31, 2009 Thousands of Thousands ofThousands of JPYU.S. DollarsJPY INVESTING ACTIVITIES:Proceeds from sales of available-for-sale securities 616,9200 2 - -Proceeds from sales and redemption of short-term and other investments 69,7221,159 114,924 ----- ------- Net cash used ininvesting activities (5,443,766) (33,566) (3,328,072) (After amendment)Fiscal Year Ended March 31, Fiscal Year Ended 2008March 31, 2009 Thousands of Thousands ofThousands of JPYU.S. DollarsJPY INVESTING ACTIVITIES:Proceeds from sales of available-for-sale securities 616,920 34 3,417-- -----Proceeds from sales and redemption of short-term and other investments 69,7221,125 111,509 ----- ------- Net cash used in investingactivities (5,443,766) (33,566) (3,328,072) Quarterly Consolidated Statements of Cash Flows (Unaudited), INVESTING ACTIVITIES: (Before amendment) Three Months Ended March 31,Three Months Ended 2008 March 31, 2009 Thousands of Thousands ofThousands ofJPY U.S. DollarsJPY INVESTING ACTIVITIES:Proceeds from sales of available-for-sale securities--0 2 - -Proceeds from sales and redemption of short-term and other investments 49,14366666,042 --------- Net cash used in investingactivities (380,424)(4,054) (401,954) (After amendment) Three Months Ended March 31,Three Months Ended 2008 March 31, 2009 Thousands of Thousands ofThousands ofJPY U.S. DollarsJPY INVESTING ACTIVITIES:Proceeds from sales of available-for-salesecurities -- 34 3,417-- -----Proceeds from sales and redemption of short-term and other investments 49,14363262,627 --------- Net cash used in investingactivities (380,424)(4,054) (401,954)About IIJFounded in 1992, Internet Initiative Japan Inc. ("IIJ") (Nasdaq:IIJI) (TSE1:3774) is one of Japan's leading Internet-access and comprehensive networksolutions providers. IIJ and its group of companies provide total networksolutions that mainly cater to high-end corporate customers.