In this fiscal year, there were FEP renewal projects in 1Q, and both sales and income grew. Cumulative 3Q sales and profits increased year on year. In 4Q, we expect further increases in net sales from System Development, Cloud services, etc.
Net Sales
Operating income
Million yen
■ …FY06/22 ■ …FY06/23
■ …FY06/22
■ …FY06/23
4,000
600
576
3,646
3,658
3,143
3,106
500
483
464
3,000
2,947
2,635
400
352
2,251
319
332
2,000
300
200
1,000
126
100
0
0
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
* FEP(Front-End Processor)system：Hardware and software with network connectivity, card usage authentication, and other functions required for credit card payment processing.
(＋) "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
Q3 FY06/22
Q3 FY06/23
Change（YoY）
Net Sales
7,834
＋2,062
＋26.3%
9,896
Payment & Finance
6,284
7,743
+1,459
＋23.2%
System Development
3,643
4,314
+671
＋18.4%
Maintenance
1,107
1,230
+123
+11.1%
In-house Products & Services
482
315
△167
△34.6%
Third-party products &
1,050
1,882
+832
＋79.2%
Services (Hardware, etc.)
Cloud Services
793
1,351
+558
＋70.4%
Security
756
801
+45
+6.0%
*The registration of categories has been partially revised from the previous fiscal year, and figures for new categories are disclosed.
* FEP(Front-End Processor)system：Hardware and software with network connectivity, card usage authentication, and other functions required for credit card payment processing.
IWI - Intelligent Wave Inc. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 08:52:01 UTC.
INTELLIGENT WAVE INC. is mainly engaged in the development and maintenance of software, and the sale of self-developed products and other companies' products. The Company operates in two business segments. The Financial System Solution segment integrates hardware and software, mainly in software development, delivers value-added systems, and provides maintenance services. The Product Solution segment provides high value-added systems using in-house packaged software used in the information security field and other areas, and third-party packaged software used for cyber security measures, and provides maintenance services.
INTELLIGENT WAVE INC. 
