Intelligent Wave set new records for net sales and all profit lines in the fiscal year ended June 2026, while completing its quality-related response and achieving its revised forecast. Performance exceeded the previous fiscal year, supported by strong system renewal projects for key customers and a recovery in profitability.
In the fiscal year ended June 2026, net sales totaled ¥17.247 billion, gross profit ¥4.948 billion and operating profit ¥2.076 billion, with all three increasing year on year to set new records. Orders received, however, declined 20.5% year on year to ¥15.365 billion, while the order backlog fell 9.3% to ¥18.429 billion. Although both decreased, the rate of decline narrowed compared with through the third quarter. The quality-related response was completed during the fiscal year.
By business area in the fiscal year ended June 2026, net sales in the payments business increased 12.0% year on year to ¥14.285 billion, those in the security business rose 2.2% to ¥2.067 billion, and those in the data communications and analytics platform business grew 9.4% to ¥894 million. Cloud services in the payments business increased 23.4% to ¥4.293 billion, driving overall growth.
Operating profit increased year on year despite the impact of the quality-related response, reflecting higher sales and an improved gross margin. The quality-related response that began at the start of the fiscal year was completed, and profitability began to recover from the third quarter onward, with the fourth quarter also remaining solid. By half-year, sales recovered in the second half, while operating profit was ¥1.2 billion and the operating margin was 13.5%.
As part of progress under the medium-term management plan, net sales in the fiscal year ended June 2026 totaled ¥17.247 billion, achieving the revised forecast, but reached only 99.1% of the medium-term plan. By business area, the payments business exceeded the medium-term plan, while progress in the security and data communications and analytics platform businesses lagged, creating a challenge for accelerating future growth. Strengthening the management platform based on the use of AI and creating new solutions are the focus going forward.