Intelligent Wave Inc. · TSE:4847

Intelligent Wave — Q1 FY06/26 Earnings Presentation

22 slides from Intelligent Wave's earnings presentation, Nov 7, 2025

  1. Slide 1: Financial Results for Q1 FY06/26

    Financial Results for Q1 FY06/26 （July 1 to September 30, 2025） [Non-Consolidated] Intelligent Wave Inc. Announced on November 7, 2025 Copyright © INTELLIGENT WAVE INC. All rights reserved.

  2. Slide 2: Financial Results for Q1 FY06/26

    Financial Results for Q1 FY06/26 Forecast for FY06/26 Reference Copyright © INTELLIGENT WAVE INC. All rights reserved. 2

  3. Slide 3: Overview

    Overview ■ Sales increased due to steady performance in the core payment domain. ■ Profit declined due to lower gross profit margin affected by quality enhancement measures in the payment domain and changes in product composition in the security domain. SG&A expenses increased. ■ Orders decreased du

  4. Slide 4: Sales by Business Domain

    Sales by Business Domain ■ In the payment domain, sales rose in the fraud detection area, particularly in cloud services. In other areas, sales rose in infrastructure operating services for financial institutions. ■ In the security domain, sales increased due to the product introduction to a major c

  5. Slide 5: Sales by Category

    Sales by Category ■ Sales increased in cloud services and infrastructure operating services for financial institutions in In- house products and services. Change(YoY) Million yen Q1 FY06/25 Q1 FY06/26 Net sales 3,542 3,746 +203 +5.7% System development 1,510 1,275 (234) (15.5%) Maintenance 398 414 +

  6. Slide 6: Operating Income

    Operating Income ■ Overall gross profit margin declined in the payment domain, affected by quality enhancement measures provided to a certain client using cloud services. ■ Gross profit margin declined, affected by changes in product composition in the security domain. ＋25 [70] Million yen [52] Impa

  7. Slide 7: Operating income

    Operating income 400 25.0% ■… Operating income Gross profit SG＆A expense Operating income ●… Operating margin Gross profit margin SG&A expense ratio Operating margin 350 304 20.0% 1,600 32.9% 33.6% 32.6% 31.3% 32.6% 300 30.2% 27.6% 27.9% 24.9% Million yen 263 1,400 21.9% 17.3% 16.7% 18.4% 19.1% 17.5

  8. Slide 8: Amount of Orders (by Category)

    Amount of Orders (by Category) ■ Orders decreased affected by projects in multi-year contracts in the security and cloud services recorded in the previous term. In third-party products and services, orders of hardware increased for the FEP system updates. ■ We will strengthen proposal activities for

  9. Slide 9: Orders on Hand (by Category)

    Orders on Hand (by Category) ■…System Development ■…Maintenance, In-house products and services, Third-party products and services ■…Cloud Services ■…Security Million yen 21,795 22,000 21,187 20,238 20,311 20,238 20,000 3,289 18,636 18,636 3,313 2,973 2,985 2,973 18,000 3,102 16,584 3,102 16,000 1,5

  10. Slide 10: Initiatives by Business Domain

    Initiatives by Business Domain ■ Conducting a Proof-of-Concept Experiment with DNP to Strengthen Payment Countermeasures Against Fraudulent Card Use in Contactless Payment We are promoting countermeasures against fraudulent card use in contactless payments in corporations with DNP. We aim to achieve

  11. Slide 11: Forecast for FY06/26

    Financial Results for Q1 FY06/26 2025年6月期 Forecast 業績予想 for FY06/26 Reference Copyright © INTELLIGENT WAVE INC. All rights reserved. 11

  12. Slide 12: FY06/26 Full-year Forecasts

    FY06/26 Full-year Forecasts Million yen FY06/25 FY06/26 Change Actual Forecast [YoY] 1H 2H Full year 1H 2H Full year Net sales 7,540 8,055 15,596 8,000 9,400 17,400 +11.6％ Payment and finance 6,166 6,589 12,755 6,540 7,560 14,100 +10.5％ Security 923 1,098 2,022 1,040 1,210 2,250 +11.2％ Data communic

  13. Slide 13: FY06/26 Progress on Forecast

    FY06/26 Progress on Forecast Million yen FY06/25 FY06/26 Change Actual Forecast [YoY] Q1 Q2 1H YoY Q1 Q2 1H (1H forecast (actual) - Q1 actual) (forecast) (1H) Net sales 3,542 3,997 7,540 3,746 4,254 8,000 +6.1% Payment and finance 2,930 3,235 6,166 3,068 3,472 6,540 +6.1% Security 407 516 923 499 54

  14. Slide 14: Reference

    Financial Results for Q1 FY06/25 Forecast for FY06/25 Reference 中期事業計画進捗 Copyright © INTELLIGENT WAVE INC. All rights reserved. 14

  15. Slide 15: Cost of manufacturing

    Cost of manufacturing Million yen FY06/25 FY06/26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Materials cost 17 5 6 11 15 Labor cost 770 747 751 742 798 Expenses 819 814 790 1,003 908 Subcontracting cost 1,064 1,032 969 901 854 Total manufacturing cost 2,672 2,600 2,518 2,659 2,576 Work in progress 206 383 243 282 128

  16. Slide 16: SG&A expenses

    SG&A expenses Million yen FY06/25 FY06/26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Salaries 407 428 416 431 438 Training and recruiting 18 12 12 40 21 Equipment and 108 112 110 115 115 maintenance, etc. Advertising 13 14 26 12 5 Others 127 131 146 129 146 Total 675 699 713 730 727 Q1 FY06/25 Q1 FY06/26 Change [YoY]

  17. Slide 17: Cash Flows

    Cash Flows Million yen [514] [275] [510] Income before taxes +204 D&A +399 A/R increase (479) inventories increase (293) Purchase of intangible assets (120) A/P decrease +628 Purchase of PP&E (153) Income taxes paid (706) Dividends (509) 6,422 5,123 JPY 1,299 mil decrease 30-Jun-25 Operating Activit

  18. Slide 18: Recurring and Spot

    Recurring and Spot ■ Sales ■ Orders on Hand …Spot …Spot Million yen Million yen …Recurring …Recurring 25,000 4,000 3,746 21,795 3,542 21,187 3,500 1,896 20,311 20,238 3,158 20,000 1,588 18,636 1,115 1,128 2,310 3,000 16,584 2,235 1,583 2,500 15,000 13,995 2,141 1,350 13,800 12,073 1,887 2,000 2,493

  19. Slide 19: FY06/26 Forecasts by Category

    FY06/26 Forecasts by Category Million yen FY06/25 FY06/26 Change Actual Forecast （YoY) 1H 2H Full year 1H 2H Full year Net sales 7,540 8,055 15,596 8,000 9,400 17,400 +11.6％ System development 3,479 3,359 6,838 2,670 3,760 6,430 (6.0％) Maintenance 796 822 1,619 820 830 1,650 +1.9％ In-house products

  20. Slide 20: Historical performance

    Historical performance 17000 ■… Net sales ■ … Operating income 15000 Million yen Transition to TSE prime market 13000 Listing on the 1st Section of TSE 11000 9000 Inclusion into the DNP Group Listing on the JASDAQ market 7000 5000 3000 1000 1985 86 87 88 89 90 91 92 93 94 95 96 97 98 99 2000 01 02 0

  21. Slide 21: Company overview

    Company overview As of June 30, 2025 Established December 27, 1984 Location Kayabacho Tower, 1-21-2 Shinkawa, Chuo-ku, Tokyo Employees 519 Parent company Dai Nippon Printing Co., Ltd. [50.73%*] Capital stock JPY843.75k Shares outstanding 26,340,000 Shareholders 11,536 *Percentage to shares outstandi

  22. Slide 22: Intelligent Wave Inc.

    These materials were produced to provide information concerning the Company and its businesses. They are not intended as a solicitation for investment in securities issued by Intelligent Wave Inc. The opinions, forecasts, and other forward-looking statements in these materials are based on the Compa

Intelligent Wave — Q1 FY06/26 Earnings Presentation on 6ix