Company profile

INTELLIGENT WAVE INC.

EDINET
E05191
Securities
4847
Industry
Information & Communication
Latest annual securities report
2026-09-18 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-09-28 Extraordinary Report PDF HTML
Compare this company

Industry position

Information & Communication

View details
Profitability Above average Current Top 36% 5-year trend Broadly stable
Financial strength Below average Based on Equity ratio Current Bottom 36% 5-year trend Deteriorating
Growth Above average Current Top 43% 5-year trend Improving
Cash generation Weak Current Bottom 22% 5-year trend Deteriorating

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Standalone · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Standalone Japanese GAAP

Revenue reached ¥17.25 billion, up 10.6% year over year. Operating income was ¥2.08 billion, up 12.3% year over year. Operating margin was 12.0%. Net income was ¥1.49 billion, up 10.2% year over year. ROE was 14.8%; equity ratio was 58.1%; free cash flow was -¥1.42 billion.

Revenue ¥17.25B up 10.6% year over year
Operating income ¥2.08B up 12.3% year over year
Net income ¥1.49B up 10.2% year over year
Total assets¥17.33B
Total equity—
Operating cash flow¥313.44M
Free cash flow-¥1.42B

Industry position details

Information & Communication

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Above average

Operating margin Top 37% / ROE Top 35%

Financial strength Below average
Based on Equity ratio

Equity ratio Bottom 65%

Growth Above average

Revenue growth Top 43% / 3-year revenue CAGR Top 44%

Cash generation Weak

Operating cash flow margin Bottom 78% / Free cash flow margin Bottom 81%

Profitability Industry position history Broadly stable
2026 Top 36% 2025 Top 37% 2024 Top 29% 2023 Top 36% 2022 Top 36%
Financial strength Industry position history Deteriorating
2026 Bottom 36% 2025 Bottom 31% 2024 Bottom 36% 2023 Bottom 50% 2022 Bottom 46%
Growth Industry position history Improving
2026 Top 43% 2025 Top 47% 2024 Top 48% 2023 Top 37% 2022 Bottom 39%
Cash generation Industry position history Deteriorating
2026 Bottom 22% 2025 Top 12% 2024 Top 23% 2023 Top 20% 2022 Top 50%
Profitability Operating margin 12.0% Industry median 8.9% Top 37% Comparison sample 344
Profitability ROE 14.8% Industry median 11.4% Top 35% Comparison sample 347
Financial strength Equity ratio 58.1% Industry median 66.2% Bottom 65% Comparison sample 347
Growth Revenue growth +10.6% Industry median +8.7% Top 43% Comparison sample 329
Growth 3-year revenue CAGR +8.8% Industry median +7.9% Top 44% Comparison sample 278
Cash generation Operating cash flow margin 1.8% Industry median 8.2% Bottom 78% Comparison sample 344
Cash generation Free cash flow margin -8.2% Industry median 4.1% Bottom 81% Comparison sample 344

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Standalone Japanese GAAP 17247009000 2076108000 2129157000 1487011000 17333483000 7267815000 10065667000 9525163000 10065667000 313442000 -1730205000 -975006000 -1416763000 4034804000 56.79 16.43 933.0597 24576792498.0000 384.42 37.0 26340000 0.5807065435 0.581 0.1477309949 0.0857883554 0.1203749589 0.1234507966 0.0862184858 0.0181737019 -0.0821454317 0.6515231555 0.1058517654 0.1232113951 0.1262413396 0.1016642638 -0.0726098486 0.0622965847 -0.926484278 -0.0820354615 0.0733361973 -1.5317027806 -0.371816954 0.1016488846 0.0571428571 0.0 0.0289017341 0.023316777 534 7417000
FY2025 Standalone Japanese GAAP 15596131000 1848368000 1890498000 1349786000 18690605000 9215222000 9475383000 9008068000 9475383000 4263605000 -1599028000 -1052168000 2664577000 6422975000 51.55 21.61 1113.9955 29342641470.0000 361.91 35.0 26340000 0.5069596731 0.507 0.1424518671 0.072217352 0.1185145213 0.1212158323 0.0865462082 0.2733758135 0.1708485906 0.6789524733 0.074239995 -0.0899024893 -0.0880301479 -0.0499663212 0.1093991199 0.0273825692 0.1174711466 0.4035970042 -0.0332563098 1.349124779 0.3342576716 -0.0487174755 -0.125 0.0 0.0548780488 -0.0073952342 519 7248000
FY2024 Standalone Japanese GAAP 14518293000 2030956000 2072983000 1420777000 16847503000 7624665000 9222838000 8709542000 9222838000 3815405000 -2681120000 -1018303000 1134285000 4813894000 54.19 19.93 1080.0067 28447376478.0000 352.26 40.0 26340000 0.5474305599 0.547 0.1540498705 0.0843316069 0.1398894484 0.1427842102 0.0978611604 0.2627998347 0.0781279865 0.7381435689 0.0854849634 0.3047427237 0.2930533213 0.2192873301 0.231214923 0.0480925301 0.222058978 -0.4014575342 -1.2679758214 -0.0618129755 0.0254063108 0.2221470456 1.0 0.0 0.0336134454 -0.0412289916 492 7302000
FY2023 Standalone Japanese GAAP 13374937000 1556595000 1603169000 1165252000 13683641000 4883999000 8799641000 8308419000 8799641000 3122112000 -1913094000 -448992000 1209018000 4694621000 44.34 17.28 766.1952 20181581568.0000 334.84 20.0 26340000 0.6430774529 0.643 0.1324204022 0.0851565749 0.1163814828 0.1198636674 0.0871220552 0.2334300341 0.0903942949 0.451059991 0.163697766 0.0241302333 0.0302533526 0.103720676 0.0740044085 0.0945965277 1.1006923558 -0.2615301021 -0.2794783967 40.9582906435 0.1937560122 0.1040836653 0.1764705882 0.0 0.0601336303 0.0200910796 476 7616000
FY2022 Standalone Japanese GAAP 11493480000 1519919000 1556092000 1055749000 12740768000 4701603000 8039164000 7589980000 8039164000 1486230000 -1516487000 -350918000 -30257000 3932647000 40.16 19.55 785.1280 20680271520.0000 305.87 17.0 26340000 0.6309795453 0.631 0.1313257199 0.0828638431 0.1322418449 0.1353891076 0.0918563394 0.1293107049 -0.002632536 0.4233067729 0.0273337303 0.3444625976 0.3285930297 0.255394366 0.143681652 0.0623056862 -0.1258858887 -1.0410927376 -0.201267959 -1.031606866 -0.0870655076 0.2557848655 0.3076923077 0.0 0.0181405896 0.002147651 449 7466000
FY2021 Standalone Japanese GAAP 11187679000 1130503000 1171233000 840970000 11140135000 3572478000 7567656000 7011496000 7567656000 1700270000 -742978000 -292123000 957292000 4307699000 31.98 19.29 616.8942 16248993228.0000 287.85 13.0 26340000 0.6793145685 0.679 0.11112688 0.0754901085 0.1010489307 0.1046895428 0.0751693001 0.1519770097 0.0855666309 0.406504065 0.0244331759 0.0908663704 0.0896944345 0.1035584139 0.0557357266 0.0836528379 0.0990287421 0.0127443464 0.2831935495 0.2049032281 0.1828280792 0.1027586207 0.3 0.0 0.0137931034 0.0600455322 441 7450000
FY2020 Standalone Japanese GAAP 10920848000 1036335000 1074827000 762053000 10552011000 3568542000 6983469000 6433508000 6983469000 1547066000 -752569000 -407534000 794497000 3641864000 29.0 28.38 823.020 21678346800.000 265.55 10.0 26340000 0.6618140372 0.662 0.1091224147 0.0722187458 0.0948951034 0.0984197381 0.0697796545 0.1416617098 0.072750486 0.3448275862 0.0457276914 0.1245100848 0.1271480871 0.1142901427 0.0518097498 0.0958732934 0.2503180214 -0.2503119263 -0.8559282282 0.250323795 0.1188821329 0.1158137745 0.1111111111 0.0 0.0532687651 0.0487986868 435 7028000
FY2019 Standalone Japanese GAAP 10443300000 921588000 953581000 683891000 10032243000 3659728000 6372515000 5908072000 6372515000 1237338000 -601905000 -219585000 635433000 3254913000 25.99 34.17 888.0783 23391982422.0000 242.23 9.0 26340000 0.6352034136 0.635 0.1073188529 0.0681693017 0.0882468185 0.0913103138 0.0654861011 0.1184815145 0.060845997 0.3462870335 -0.0151513151 0.682804711 0.6622176126 0.8118045694 0.1352522011 0.1149949451 0.0198398209 0.0029865432 0.3705767527 0.0424470806 0.1462180133 0.8098885794 0.2857142857 0.040302267 413 6701000
FY2018 Standalone Japanese GAAP 10603964000 547650000 573680000 377464000 8837017000 3121730000 5715286000 5408478000 5715286000 1213267000 -603708000 -348867000 609559000 2839698000 14.36 51.3 736.668 217.18 7.0 0.6467438051 0.647 0.0660446389 0.0427139611 0.0516457808 0.0541005232 0.0355964996 0.1144163635 0.0574840692 0.4874651811 0.2520075107 -0.2204825279 -0.2513724881 -0.3101686273 0.038658301 0.0119865266 0.0343590815 0.4756684552 -0.7549171504 27.2477872005 0.1013932555 -0.3089509143 0.0 0.1710914454 397
FY2017 Standalone Japanese GAAP 8469569000 702550000 766309000 547183000 8508108000 2860517000 5647591000 5222269000 5647591000 1172965000 -1151386000 -198794000 21579000 2578278000 20.78 33.3 691.974 214.51 7.0 0.6637892937 0.664 0.0968878589 0.0643131234 0.0829499116 0.0904779216 0.0646057668 0.1384916989 0.0025478274 0.3368623677 0.1754317815 -0.0397127408 0.0211462609 0.1428765375 0.2251798038 0.1264421119 8.4288275108 -4.987695796 -4.8809573115 1.3178524083 -0.0632363547 0.0667351129 0.1666666667 0.0761904762 339

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp