Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>Orders increased 17.0% YoY to JPY16.1bn; order backlog rose 51.4% YoY to JPY21.2bn, driven by infrastructure projects.</li><li>Cumulative Q3 sales, operating profit, recurring profit, and net income were 72.1%, 64.2%, 63.8%, and 64.4% of FY06/25 forecast.</li><li>Cloud services sales grew 39.5% YoY to JPY2.5bn; order backlog at JPY10.9bn, up 48.4% YoY.</li></ul>

Orders increased 17.0% YoY to JPY16.1bn; order backlog rose 51.4% YoY to JPY21.2bn, driven by infrastructure projects.Cumulative Q3 sales, operating profit, recurring profit, and net income were 72.1%, 64.2%, 63.8%, and 64.4% of FY06/25 forecast.Cloud services sales grew 39.5% YoY to JPY2.5bn; order backlog at JPY10.9bn, up 48.4% YoY.

Intelligent Wave (4847 JP): Q3 FY06/25 flash update

<ul><li>1H FY06/25 orders were JPY12.8bn (+30.5% YoY), with sales at JPY7.5bn (+8.6% YoY) and net income JPY611mn (+4.4% YoY).</li><li>Operating profit increased by 0.6% YoY, with a gross profit margin decrease of 2.1pp YoY to 29.6%.</li><li>Cloud services sales reached JPY1.53bn (+29.4% YoY), with a gross profit decline of 40.3% YoY due to infrastructure costs.</li></ul>

1H FY06/25 orders were JPY12.8bn (+30.5% YoY), with sales at JPY7.5bn (+8.6% YoY) and net income JPY611mn (+4.4% YoY).Operating profit increased by 0.6% YoY, with a gross profit margin decrease of 2.1pp YoY to 29.6%.Cloud services sales reached JPY1.53bn (+29.4% YoY), with a gross profit decline of 40.3% YoY due to infrastructure costs.

Intelligent Wave (4847 JP): 1H FY06/25 flash update

<ul><li>Q1 FY06/25 orders were JPY5.6bn (+31.4% YoY), with a backlog of JPY18.6bn (+54.4% YoY), and sales of JPY3.5bn (+12.2% YoY).</li><li>Operating profit increased by 15.3% YoY, with a gross profit margin decrease of 2.6pp to 27.6%, and SG&A ratio declined 2.8pp YoY.</li><li>Cloud services reported JPY718mn sales (+21.2% YoY), with a JPY20mn loss in gross profit, expecting profitability improvement.</li></ul>

Q1 FY06/25 orders were JPY5.6bn (+31.4% YoY), with a backlog of JPY18.6bn (+54.4% YoY), and sales of JPY3.5bn (+12.2% YoY).Operating profit increased by 15.3% YoY, with a gross profit margin decrease of 2.6pp to 27.6%, and SG&A ratio declined 2.8pp YoY.Cloud services reported JPY718mn sales (+21.2% YoY), with a JPY20mn loss in gross profit, expecting profitability improvement.

Intelligent Wave (4847 JP): Q1 FY06/25 flash update

<ul><li>FY06/24 orders were JPY20.1bn (+36.1% YoY), sales were JPY14.5bn (+8.5% YoY), and net income was JPY1.4bn (+21.9% YoY).</li><li>For FY06/25, the company forecasts sales of JPY16.0bn (+10.2% YoY) and net income of JPY1.6bn (+11.9% YoY).</li><li>By FY06/27, the company targets sales of JPY19.0bn, operating profit of JPY2.9bn, and OPM of 15.0%.</li></ul>

FY06/24 orders were JPY20.1bn (+36.1% YoY), sales were JPY14.5bn (+8.5% YoY), and net income was JPY1.4bn (+21.9% YoY).For FY06/25, the company forecasts sales of JPY16.0bn (+10.2% YoY) and net income of JPY1.6bn (+11.9% YoY).By FY06/27, the company targets sales of JPY19.0bn, operating profit of JPY2.9bn, and OPM of 15.0%.

Intelligent Wave (4847 JP): Full-year FY06/24 flash update, medium-term business plan

IR & Research Intelligence, Sessa Investment Research

Sessa Investment Research

IR & Research Intelligence

Sponsored research focusing on Japanese small cap.

<ul>
<li>IWI held an in-person briefing for 3Q FY23/6 results on Friday, May 12 at the Securities Analysts Association of Japan Kabutocho Heiwa Bldg. Annex 3F, which was also livestreamed via IR.</li>
<li>Stock Investment Information portal site Bridge Salon.</li>
<li>In SIR’s opinion, this 3Q results presentation hosted by IWI’s CEO and Representative Director Kunimitsu Sato was the most upbeat since he assumed office in Sep-2020. </li>
</ul>


IWI held an in-person briefing for 3Q FY23/6 results on Friday, May 12 at the Securities Analysts Association of Japan Kabutocho Heiwa Bldg. Annex 3F, which was also livestreamed via IR.
Stock Investment Information portal site Bridge Salon.
In SIR’s opinion, this 3Q results presentation hosted by IWI’s CEO and Representative Director Kunimitsu Sato was the most upbeat since he assumed office in Sep-2020. 


Intelligent Wave Inc. (4847 JP) - 3Q Follow-Up

Japan

INTELLIGENT WAVE INC. develops computer software and provides consulting services for networking.  The Company also imports, exports, and sells computer equipment.  Intelligent Wave provides the online network of credit and debit cards, the network system of security trading, and the total system of consumer finance.

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Intelligent Wave (4847 JP)