Intelligent Wave Inc.TSE: 4847

Financial Results for 1H FY0623 presentation

· Issued by Intelligent Wave Inc.

Financial Results for 1H FY06/23

(July 1 to December 31, 2022)

[Non-Consolidated]

Intelligent Wave Inc.

Announced on February 3, 2023

Copyright © 2022, INTELLIGENT WAVE INC. All rights reserved.

Financial Results 1H FY06/23

Key initiatives in 1H FY06/23

Forecast for FY06/23

Reference

Copyright © 2022, INTELLIGENT WAVE INC. All rights reserved.

2

Overview

Million yen

1H FY06/22

1H FY06/23

Change(YoY)

Change

(vs.Forecast)

Net sales

4,887

6,789

+1,902

+38.9%

△0.2%

Operating income

478

803

+325

+68.0%

△10.8%

Ordinary income

499

824

+325

+65.1%

△10.4%

Net income

337

558

+221

+65.6%

△12.8%

Amount of orders

7,516

6,459

△1,057

△14.1%

Orders on hand

7,963

9,233

+1,270

+15.9%

Copyright © 2022, INTELLIGENT WAVE INC. All rights reserved.

3

Sales by categories YoY comparison

(+) "Hardware" increased due to FEP system* renewal for existing customers, "cloud services" increased, "system development" increased due to large projects for a credit card company.

(△) "In-house products & Services" decreased mainly due to several license sales of in-house products in the previous fiscal year.

Million yen

1H FY06/22

1H FY06/23

Change

Net Sales

4,887

6,789

+1,902

Payment & Finance

3,915

5,393

+1,478

System Development

2,369

2,840

+471

Maintenance

725

816

+91

In-house Products & Services

377

218

△159

Third-party products &

442

1,517

+1,075

Services (Hardware, etc.)

Cloud Services

493

881

+388

Security

478

514

+36

  • The registration of categories has been partially revised from the previous fiscal year, and figures for new categories are disclosed.
  • FEP(Front-EndProcessor)system:Hardware and software with network connectivity, card usage authentication, and other functions required for credit card payment processing

Copyright © 2022, INTELLIGENT WAVE INC. All rights reserved.

4

Sales by categories vs. Forecast

(+) "Payment & Finance" exceeded the plan due to an increase in projects in new areas. "Cloud Services" performed as planned.

(△) "Security" fell short of plan due to lack of new projects.

Million yen

1H FY06/22

1H FY06/23

Change

Net Sales

6,800

6,789

△11

Payment & Finance

5,320

5,393

+73

System Development

2,820

2,840

+20

Maintenance

800

816

+16

In-house Products & Services

170

218

+48

Third-party products &

1,530

1,517

△13

Services (Hardware, etc.)

Cloud Services

880

881

+1

Security

600

514

△86

* The registration of categories has been partially revised from the previous fiscal year, and figures for new categories are disclosed.

Copyright © 2022, INTELLIGENT WAVE INC. All rights reserved.

5

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