Announcement • Jun 03
Intelligent Wave Inc. to Report Fiscal Year 2026 Results on Aug 05, 2026 Intelligent Wave Inc. announced that they will report fiscal year 2026 results on Aug 05, 2026 Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥919, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 16x in the Software industry in Japan. Total returns to shareholders of 36% over the past three years. Declared Dividend • Mar 17
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 29th June 2026 Payment date: 25th September 2026 Dividend yield will be 3.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 06
Second quarter 2026 earnings released: EPS: JP¥17.82 (vs JP¥15.37 in 2Q 2025) Second quarter 2026 results: EPS: JP¥17.82 (up from JP¥15.37 in 2Q 2025). Revenue: JP¥4.61b (up 15% from 2Q 2025). Net income: JP¥466.5m (up 16% from 2Q 2025). Profit margin: 10% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 17 March 2026. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Dec 02
Intelligent Wave Inc. to Report Q2, 2026 Results on Feb 04, 2026 Intelligent Wave Inc. announced that they will report Q2, 2026 results on Feb 04, 2026 Declared Dividend • Oct 06
Final dividend of JP¥17.00 announced Shareholders will receive a dividend of JP¥17.00. Ex-date: 29th December 2025 Payment date: 17th March 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 01
Intelligent Wave Inc. to Report Q1, 2026 Results on Nov 05, 2025 Intelligent Wave Inc. announced that they will report Q1, 2026 results on Nov 05, 2025 Reported Earnings • Aug 12
Full year 2025 earnings released: EPS: JP¥51.56 (vs JP¥54.19 in FY 2024) Full year 2025 results: EPS: JP¥51.56 (down from JP¥54.19 in FY 2024). Revenue: JP¥15.6b (up 7.4% from FY 2024). Net income: JP¥1.35b (down 5.0% from FY 2024). Profit margin: 8.7% (down from 9.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Announcement • Aug 06
Intelligent Wave Inc., Annual General Meeting, Sep 24, 2025 Intelligent Wave Inc., Annual General Meeting, Sep 24, 2025. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.5%). Announcement • Jun 03
Intelligent Wave Inc. to Report Fiscal Year 2025 Results on Aug 06, 2025 Intelligent Wave Inc. announced that they will report fiscal year 2025 results on Aug 06, 2025 Reported Earnings • May 12
Third quarter 2025 earnings released: EPS: JP¥15.80 (vs JP¥16.89 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.80 (down from JP¥16.89 in 3Q 2024). Revenue: JP¥3.99b (up 4.9% from 3Q 2024). Net income: JP¥413.6m (down 6.5% from 3Q 2024). Profit margin: 10% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥877, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 18x in the Software industry in Japan. Total returns to shareholders of 68% over the past three years. Declared Dividend • Mar 18
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th June 2025 Payment date: 26th September 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 04
Intelligent Wave Inc. to Report Q3, 2025 Results on May 07, 2025 Intelligent Wave Inc. announced that they will report Q3, 2025 results on May 07, 2025 Reported Earnings • Feb 07
Second quarter 2025 earnings released: EPS: JP¥15.37 (vs JP¥15.61 in 2Q 2024) Second quarter 2025 results: EPS: JP¥15.37 (down from JP¥15.61 in 2Q 2024). Revenue: JP¥4.00b (up 5.6% from 2Q 2024). Net income: JP¥402.4m (down 1.7% from 2Q 2024). Profit margin: 10% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Feb 05
Intelligent Wave Inc. Declares Second Quarter-End Dividend for the Fiscal Year Ending June 30, 2025, Payable on March 17, 2025 Intelligent Wave Inc. announced that it has resolved, at a meeting of the Board of Directors held on February 5, 2025, to pay dividends of surplus (interim dividend) with a record date of December 31, 2024. Dividend per share: ¥15.00. Effective date: March 17, 2025. Buy Or Sell Opportunity • Jan 09
Now 22% undervalued Over the last 90 days, the stock has risen 31% to JP¥1,152. The fair value is estimated to be JP¥1,483, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 14%. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 18 March 2025. Payout ratio is a comfortable 54% and the cash payout ratio is 76%. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.3%). Announcement • Dec 04
Intelligent Wave Inc. to Report Q2, 2025 Results on Feb 05, 2025 Intelligent Wave Inc. announced that they will report Q2, 2025 results at 3:00 PM, Tokyo Standard Time on Feb 05, 2025 Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,038, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 104% over the past three years. Declared Dividend • Oct 10
Final dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 27th December 2024 Payment date: 18th March 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 28
Intelligent Wave Inc. to Report Q1, 2025 Results on Nov 06, 2024 Intelligent Wave Inc. announced that they will report Q1, 2025 results on Nov 06, 2024 Reported Earnings • Aug 12
Full year 2024 earnings released: EPS: JP¥54.19 (vs JP¥44.34 in FY 2023) Full year 2024 results: EPS: JP¥54.19 (up from JP¥44.34 in FY 2023). Revenue: JP¥14.5b (up 8.5% from FY 2023). Net income: JP¥1.42b (up 22% from FY 2023). Profit margin: 9.8% (up from 8.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥820, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 20x in the Software industry in Japan. Total returns to shareholders of 42% over the past three years. Buy Or Sell Opportunity • Jul 05
Now 30% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,135. The fair value is estimated to be JP¥871, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 15%. Buy Or Sell Opportunity • Jul 05
Now 31% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,146. The fair value is estimated to be JP¥878, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 15%. Buy Or Sell Opportunity • Jul 04
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 1.2% to JP¥1,154. The fair value is estimated to be JP¥878, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 15%. Buy Or Sell Opportunity • Jul 02
Now 28% overvalued Over the last 90 days, the stock has fallen 1.1% to JP¥1,122. The fair value is estimated to be JP¥877, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 15%. Buy Or Sell Opportunity • Jul 01
Now 24% overvalued Over the last 90 days, the stock has fallen 5.9% to JP¥1,087. The fair value is estimated to be JP¥877, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 15%. Buy Or Sell Opportunity • Jun 25
Now 25% overvalued Over the last 90 days, the stock has fallen 5.8% to JP¥1,096. The fair value is estimated to be JP¥879, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 15%. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Announcement • Jun 06
Intelligent Wave Inc. to Report Fiscal Year 2024 Results on Aug 07, 2024 Intelligent Wave Inc. announced that they will report fiscal year 2024 results on Aug 07, 2024 Buy Or Sell Opportunity • May 31
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to JP¥1,060. The fair value is estimated to be JP¥873, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 15%. Announcement • Feb 29
Intelligent Wave Inc. to Report Q3, 2024 Results on May 08, 2024 Intelligent Wave Inc. announced that they will report Q3, 2024 results on May 08, 2024 Declared Dividend • Feb 09
Dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 27th June 2024 Payment date: 30th September 2024 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 08
Second quarter 2024 earnings released: EPS: JP¥15.58 (vs JP¥8.87 in 2Q 2023) Second quarter 2024 results: EPS: JP¥15.58 (up from JP¥8.87 in 2Q 2023). Revenue: JP¥3.79b (up 21% from 2Q 2023). Net income: JP¥409.4m (up 76% from 2Q 2023). Profit margin: 11% (up from 7.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 11
Now 20% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be JP¥1,283, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 16%. Announcement • Nov 29
Intelligent Wave Inc. to Report Q2, 2024 Results on Feb 07, 2024 Intelligent Wave Inc. announced that they will report Q2, 2024 results on Feb 07, 2024 Reported Earnings • Nov 02
First quarter 2024 earnings released: EPS: JP¥6.68 (vs JP¥12.36 in 1Q 2023) First quarter 2024 results: EPS: JP¥6.68 (down from JP¥12.36 in 1Q 2023). Revenue: JP¥3.16b (down 13% from 1Q 2023). Net income: JP¥175.5m (down 46% from 1Q 2023). Profit margin: 5.6% (down from 8.9% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Aug 30
Intelligent Wave Inc. to Report Q1, 2024 Results on Nov 01, 2023 Intelligent Wave Inc. announced that they will report Q1, 2024 results on Nov 01, 2023 Reported Earnings • Aug 04
Full year 2023 earnings released: EPS: JP¥44.34 (vs JP¥40.16 in FY 2022) Full year 2023 results: EPS: JP¥44.34 (up from JP¥40.16 in FY 2022). Revenue: JP¥13.4b (up 16% from FY 2022). Net income: JP¥1.17b (up 10% from FY 2022). Profit margin: 8.7% (down from 9.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
Intelligent Wave Inc., Annual General Meeting, Sep 27, 2023 Intelligent Wave Inc., Annual General Meeting, Sep 27, 2023. Agenda: To consider resolution on dividend distribution. Announcement • Jun 22
Intelligent Wave Inc. Announces Notice Regarding Changes in Directors and Executive Officers Intelligent Wave Inc. announced that is Board of Directors, at a meeting held on June 21, 2023, decided on the following changes to its Directors and Executive officers. 1. Changes of Directors as of 1st July, 2023. New Title: Director, Senior Executive Officer Director of Global Business Promotion Office; Director of Strategy & R&D Division; Director of Quality Assurance Department; Director of Human Capital Management Office; Director of Information Security Department. Name: Kenichi Tachinooka Previous Title: Director, Senior Executive Officer Director of Global Business Promotion Office; Director of Strategy & R&D Division; Director of Security System Division; Director of Quality Assurance Department; Director of Human Capital Management Office; Director of Information Security Department. 2. Changes of Executive Officers as of 1st July, 2023: New Title: Senior Executive Officer Director of Sales Division; Director of Business Development Office; Director of Security System Division. Name: Takashi Hisayoshi Previous Title: Senior Executive Officer Director of Sales Division; Director of Business Development Office. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥20.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Announcement • Jun 03
Intelligent Wave Inc. to Report Fiscal Year 2023 Results on Aug 02, 2023 Intelligent Wave Inc. announced that they will report fiscal year 2023 results on Aug 02, 2023 Reported Earnings • May 11
Third quarter 2023 earnings released: EPS: JP¥8.48 (vs JP¥12.20 in 3Q 2022) Third quarter 2023 results: EPS: JP¥8.48 (down from JP¥12.20 in 3Q 2022). Revenue: JP¥3.11b (up 5.4% from 3Q 2022). Net income: JP¥222.7m (down 31% from 3Q 2022). Profit margin: 7.2% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 04
Second quarter 2023 earnings released: EPS: JP¥8.87 (vs JP¥9.70 in 2Q 2022) Second quarter 2023 results: EPS: JP¥8.87 (down from JP¥9.70 in 2Q 2022). Revenue: JP¥3.14b (up 19% from 2Q 2022). Net income: JP¥233.2m (down 8.6% from 2Q 2022). Profit margin: 7.4% (down from 9.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Nov 30
Intelligent Wave Inc. to Report Q2, 2023 Results on Feb 01, 2023 Intelligent Wave Inc. announced that they will report Q2, 2023 results on Feb 01, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Outside Director Akira Watanabe is the most experienced director on the board, commencing their role in 2014. Independent Auditor Masayuki Horie was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 07
First quarter 2023 earnings released: EPS: JP¥12.36 (vs JP¥3.15 in 1Q 2022) First quarter 2023 results: EPS: JP¥12.36 (up from JP¥3.15 in 1Q 2022). Revenue: JP¥3.65b (up 62% from 1Q 2022). Net income: JP¥324.8m (up 292% from 1Q 2022). Profit margin: 8.9% (up from 3.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥700, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 24x in the Software industry in Japan. Total loss to shareholders of 6.2% over the past three years. Announcement • Aug 28
Intelligent Wave Inc. to Report Q1, 2023 Results on Nov 02, 2022 Intelligent Wave Inc. announced that they will report Q1, 2023 results on Nov 02, 2022 Reported Earnings • Aug 08
Full year 2022 earnings released: EPS: JP¥40.16 (vs JP¥31.98 in FY 2021) Full year 2022 results: EPS: JP¥40.16 (up from JP¥31.98 in FY 2021). Revenue: JP¥11.5b (up 2.7% from FY 2021). Net income: JP¥1.06b (up 26% from FY 2021). Profit margin: 9.2% (up from 7.5% in FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jul 28
Intelligent Wave Inc., Annual General Meeting, Sep 28, 2022 Intelligent Wave Inc., Annual General Meeting, Sep 28, 2022. Agenda: To consider the dividend. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥803, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 22x in the Software industry in Japan. Total loss to shareholders of 5.1% over the past three years. Announcement • Jun 03
Intelligent Wave Inc. to Report Fiscal Year 2022 Results on Aug 03, 2022 Intelligent Wave Inc. announced that they will report fiscal year 2022 results on Aug 03, 2022 Reported Earnings • May 07
Third quarter 2022 earnings released: EPS: JP¥12.20 (vs JP¥7.04 in 3Q 2021) Third quarter 2022 results: EPS: JP¥12.20 (up from JP¥7.04 in 3Q 2021). Revenue: JP¥2.95b (up 4.6% from 3Q 2021). Net income: JP¥320.7m (up 73% from 3Q 2021). Profit margin: 11% (up from 6.6% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 5 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Senior Executive Officer of Sales Division & Director Keiji Ohyama is the most experienced director on the board, commencing their role in 2007. Independent Auditor Masayuki Horie was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 08
Intelligent Wave Inc. to Report Q3, 2022 Results on May 06, 2022 Intelligent Wave Inc. announced that they will report Q3, 2022 results on May 06, 2022 Reported Earnings • Feb 04
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥9.70 (up from JP¥7.68 in 2Q 2021). Revenue: JP¥2.64b (down 11% from 2Q 2021). Net income: JP¥255.1m (up 26% from 2Q 2021). Profit margin: 9.7% (up from 6.9% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 03
Intelligent Wave Inc. Provides Earnings Guidance for the Fiscal Full Year Ending June 30, 2022 Intelligent Wave Inc. provided earnings guidance for the fiscal full year ending June 30, 2022. For the full year, the company expects net sales of JPY 12,000 million. Operating income of JPY 1,320 million. Net income of JPY 940 million. Earnings per share of JPY 35.76. Announcement • Feb 02
Intelligent Wave Inc. Provides Dividend Guidance for the Year Ending June 30, 2022 Intelligent Wave Inc. provided dividend guidance of JPY 14 per share for the year ending June 30, 2022 against JPY 13 per share paid a year ago. Reported Earnings • Nov 09
First quarter 2022 earnings released: EPS JP¥3.15 (vs JP¥3.18 in 1Q 2021) The company reported a mediocre first quarter result with weaker revenues, although earnings were flat and profit margins improved. First quarter 2022 results: Revenue: JP¥2.25b (down 2.0% from 1Q 2021). Net income: JP¥82.9m (flat on 1Q 2021). Profit margin: 3.7% (up from 3.6% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Executive Departure • Oct 07
Chairman Tsukasa Iseki has left the company On the 29th of September, Tsukasa Iseki's tenure as Chairman ended after 1.1 years in the role. We don't have any record of a personal shareholding under Tsukasa's name. Tsukasa is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.08 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 05
Full year 2021 earnings released: EPS JP¥31.98 (vs JP¥29.01 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥11.2b (up 2.4% from FY 2020). Net income: JP¥841.0m (up 10% from FY 2020). Profit margin: 7.5% (up from 7.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 28 September 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.4%). Announcement • Feb 28
Intelligent Wave Inc. to Report Q3, 2021 Results on May 06, 2021 Intelligent Wave Inc. announced that they will report Q3, 2021 results on May 06, 2021 Reported Earnings • Feb 05
Second quarter 2021 earnings released: EPS JP¥7.68 (vs JP¥5.57 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.95b (up 16% from 2Q 2020). Net income: JP¥202.0m (up 38% from 2Q 2020). Profit margin: 6.9% (up from 5.7% in 2Q 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 27
New 90-day high: JP¥744 The company is up 1.0% from its price of JP¥740 on 29 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Announcement • Jan 07
Intelligent Wave Inc. to Report Q2, 2021 Results on Feb 03, 2021 Intelligent Wave Inc. announced that they will report Q2, 2021 results on Feb 03, 2021 Is New 90 Day High Low • Dec 10
New 90-day low: JP¥687 The company is down 9.0% from its price of JP¥752 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Announcement • Nov 05
Intelligent Wave Inc. Revises Earnings Guidance for the Full Year of 2021 Intelligent Wave Inc. revised earnings guidance for the full year of 2021. For the year of 2021, the company expects sales of JPY 11,000 million against previous guidance of JPY 11,200 million, operating income of JPY 1,150 million against previous guidance of JPY 1,300 million.