Intelligent Wave Inc. · TSE:4847
Intelligent Wave — 1H FY06/26 Earnings Presentation
29 slides from Intelligent Wave's earnings presentation, Feb 6, 2026
Slide 1: Financial Results for 1H (Interim Period) FY06/26
Financial Results for 1H (Interim Period) FY06/26 (July 1 to December 31, 2025) [Non-Consolidated] Intelligent Wave Inc. Announced on February 6, 2026 Copyright © INTELLIGENT WAVE INC. All rights reserved.
Slide 2: Financial Results for 1H FY06/26
Financial 2024年6月期１Q 業績と成果 Results for 1H FY06/26 Forecast for FY06/26 Progress of the Medium-Term Management Plan Reference Copyright © INTELLIGENT WAVE INC. All rights reserved. 2
Slide 3: Overview
Overview ■ Sales increased due to steady performance in the core payment domain. ■ Operating profit increased slightly due to lower gross margin affected by quality-related measures in the payment domain and changes in product composition in the security domain. ■ Orders decreased due to projects in
Slide 4: Sales by Business Domain
Sales by Business Domain ■ In the payment domain, sales were primarily driven by cloud services. Sales also rose for FEP system renewal and infrastructure operation service for financial institutions. ■ In the security domain, sales increased due to product introduction to a major customer. Million
Slide 5: Sales by Category
Sales by Category ■ In system development, sales decreased compared to the previous period but met the initial plan targets. ■ In cloud services, sales increased due to growth in the number of users and the addition of new features for existing users. ■ In third party products and services, sales in
Slide 6: Operating Profit
Operating Profit ■ Overall gross profit margin declined in the payment domain, affected by quality enhancement6 measures provided to a certain client using cloud services. ■ Gross profit margin declined, affected by changes in product composition in the security domain. Million yen +240 [158] [64] I
Slide 7: Operating Profit
Operating Profit ■… Operating profit Gross profit SG＆A expense Operating profit ●… Operating margin Gross profit margin SG&A expense ratio Operating margin Million yen 000 25.0% 1,600 32.9% 33.6% 32.6% 31.3% 32.6% 40. 30.2% 27.6% 27.9% 30.0% 24.9% 900 852 857 875 21.9% 17.3% 16.7% 18.4% 19.1% 17.5%
Slide 8: Orders Received (by Category)
Orders Received (by Category) ■ Orders for multi-year contract projects in cloud services, security, and infrastructure operations service declined. ■ Orders increased slightly in system development, affected by system renewal projects from major clients. ■ In line with our medium-term management pl
Slide 9: Order Backlog (by Category)
Order Backlog (by Category) ■ Due to the decline in orders for multi-year contract projects such as cloud services, security, and infrastructure operation service, the order backlog also decreased. ■ In line with our medium-term management plan, we are focusing on securing new projects in the paymen
Slide 10: Recurring and Spot
Recurring and Spot ■ Sales ■ Order Backlog Recurring Spot Recurring Spot Million yen Million yen 9,000 25,000 8,352 21,795 8,000 21,187 7,540 20,311 20,238 1,896 1,588 6,946 20,000 18,636 1,115 19,024 7,000 2,310 3,113 16,584 2,235 2,005 6,000 3,381 15,000 13,995 2,141 3,270 13,800 5,000 12,073 1,88
Slide 11: Forecast for FY06/26
Financial Results for 1H FY06/26 Forecast 2025年6月期 業績予想 for FY06/26 Progress of the Medium-Term Management Plan Reference Copyright © INTELLIGENT WAVE INC. All rights reserved. 11
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 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 communication and 44
Slide 13: FY06/26 Forecasts
FY06/26 Forecasts Million yen FY06/25 FY06/26 Actual Forecast 1H 2H Full year YoY 1H 2H Full year (actual) (Full year- (forecast) (Full year) 1H actual) Net sales 7,540 8,055 15,596 8,352 9,048 17,400 +11.6% Payment 6,166 6,589 12,755 6,970 7,130 14,100 +10.5% Security 923 1,098 2,022 993 1,257 2,25
Slide 14: Shareholder Returns
Shareholder Returns The interim dividend is 17 yen per share, in line with the latest dividend forecast. The year-end dividend is expected to be 20 yen per share. 73.8 67.9 Interim dividend Year-end dividend Dividind payout ratio 40 57.5 48.8 40.6 42.3 45.1 40th Anniversary 35 37 10of 10 yen Dividen
Slide 15: Progress of the Medium-Term Management Plan
Financial Results for 1H FY06/26 Forecast for FY06/26 中期事業計画進捗 Progress of the Medium-Term Management Plan Reference Copyright © INTELLIGENT WAVE INC. All rights reserved. 15
Slide 16: First Half Review and Current Issues
First Half Review and Current Issues First-Half Review Quality enhancement measures for certain projects took longer than anticipated, limiting sales activities and system development, and reducing opportunities for revenue and proposals. In the second half, we will optimize conditions and aim to in
Slide 17: Strengthening the Revenue Base (Enhancing Quality and Improving Productivity)
Initiatives of the Mid-Term Management Plan (1) Strengthening the Revenue Base (Enhancing Quality and Improving Productivity) Initiatives Progress Status • Reassessment and corrective improvement of the • Executing corrective actions for development development process, development structure, and pr
Slide 18: Enhancing Our Payment Solutions and Expanding Business Areas
Initiatives of the Mid-Term Management Plan (2) Enhancing Our Payment Solutions and Expanding Business Areas Initiatives Progress Status • Shortening development timelines and improving • Began customer communication on the new-version Transition to new FEP maintainability through migration to a new
Slide 19: Growth Strategy in the Security Domain
Initiatives of the Mid-Term Management Plan (3) Growth Strategy in the Security Domain Initiatives Progress Status • Enhancing the Marketability of CWAT • CWAT is scheduled for renewal in July to enhance Expanding the value • Strengthen competitiveness in the Data Loss user convenience of our propri
Slide 20: Reference
Financial Results for 1H FY06/26 Forecast for FY06/26 Progress of the Medium-Term Management Plan Reference 参考資料 Copyright © INTELLIGENT WAVE INC. All rights reserved. 20
Slide 21: 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 4 Labor cost 770 747 751 742 798 795 Expenses 819 814 790 1,003 908 945 Subcontracting cost 1,064 1,032 969 901 854 871 Total manufacturing cost 2,672 2,600 2,518 2,659 2,576 2,616 Work in progress
Slide 22: SG&A Expenses
SG&A Expenses Million yen FY06/25 FY06/26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Salaries 407 428 416 431 438 434 Training and recruiting 18 12 12 40 21 11 Equipment and maintenance, etc. 108 112 110 115 115 116 Advertising 13 14 26 12 5 11 Others 127 131 146 129 146 138 Total 675 699 713 730 727 710 1H FY06/25 1H
Slide 23: Cash Flows
Cash Flows (527) Million yen (554) (527) Income before taxes +884 D&A +828 A/R increase (1,059) Inventories increase (107) Dividends (525) A/P decrease (35) Accrued consumption (348) 6,422 taxes decrease Purchase of intangible assets (281) Income taxes paid (710) Purchase of PP&E (270) 4,816 JPY 1,6
Slide 24: FY06/26 Forecasts by Category
FY06/26 Forecasts by Category Million yen FY06/25(actual) FY06/26(forecast) 1H 2H Full year YoY 1H 2H Full year (actual) (Full year- (forecast) (Full year) 1H actual) Net sales 7,540 8,055 15,596 8,352 9,048 17,400 +11.6% System development 3,479 3,359 6,838 2,769 3,661 6,430 (6.0%) Maintenance 796
Slide 25: Historical Performance
Historical Performance 17000 ■ Net sales ■ Operating profit 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 03 0
Slide 26: Medium-Term Management Plan (2025–2027)
Medium-Term Management Plan(2025–2027) We will aim to diversify our business and establish a foundation for sustainable growth, looking ahead to the 2030s. We will also develop our business in various fields, particularly in the payment, security, and technology domains, to bring value to people's l
Slide 27: Basic Policies
Basic Policies To prepare for the market environment of the 2030s, we will focus on three key areas of transformation: "business," "technology," and "human resources," to continue developing products and services that create new levels of reliability. 01 Transformation of Business ①Maximize the valu
Slide 28: Company Overview
Company Overview As of December 31, 2025 Established December 27, 1984 Location Kayabacho Tower, 1-21-2 Shinkawa, Chuo-ku, Tokyo Employees 513 Parent company Dai Nippon Printing Co., Ltd. [50.73%*] Capital stock JPY 843,750,000 Shares outstanding 26,340,000 Shareholders 11,917 Ownership [%] % of sha
Slide 29: 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