Business plan

Intelligent Wave: Notification relating to the revision of the medium-term business plan in a rolling plan

(Translation) This document has been translated from the original Japanese for the convenience of foreign speakers. In the event of any discrepancy between this document and the Japanese original, the original shall prevail..

August 3, 2022

SMART WAVE INC. (Coded4847 TSE First Market

Notification on the revision of the medium-term business plan as a rolling plan

Our company announced a medium-term business plan by “Medium-term Business Plan Revision Notice” dated August 4, 2021, however we have formulated a new medium-term business plan for the period of three years beginning in the fiscal year ending June 30, 2023, as described below.

1. Context of the revision of the medium-term business plan as a rolling plan

Our company has formulated the three-year medium-term business plan from tfiscal year ending June

30, 2022 and took various actions. In view of the progress towards our targets etc., we have revised the numerical targets for the three-year period beginning in the financial year ending June 30, 2023 in the form of a rolling plan, at the time of the announcement of the results for the fiscal year ending June 30, 2022.

In order to respond flexibly to changes in the business environment, we will continue to announce our medium-term business plan as a rolling plan while revising it quarterly.

2. Basic policy for the medium-term business plan

We play a key role in essential social infrastructure such as payments, finance and security. By continuing to

improve the reliability of our business and that of our customers’ businesses, we aim to contribute to a sustainable society as an IT services company serving “Business Reliability”. In this medium-term business plan, we will strengthen and expand our business base by reforming our business structure and expanding our business area. We will also lay the foundations of human resources and co-creation for our sustainable growth.

(1) Strengthening and expanding our corporate foundation

We will strive to reform our business structure and expand our business scope, while making the necessary investments to maintain and improve the high quality and performance that support critical social infrastructure, with the aim of achieving sustainable growth. .

  • To expand “Stock”, type*1 cloud services business
  • Develop infrastructure environment and operational system in preparation for further increase

the number of cloud service users

  • To introduce cloud support for FEP* systems2 and customer supportIT strategies, in payment

and financial affairs

  • Develop new products and expand our field using technologies and experiences

accumulated in payment and financing activities

  • Shift business models from selling products to providing security services in the security industry
    Develop the operation structure of our system and further improve the operation quality

(Translation) This document has been translated from the original Japanese for the convenience of foreign speakers. In the event of any discrepancy between this document and the Japanese original, the original shall prevail..

*1 “Stock” type: projects and contracts that can regularly generate a certain turnover

*2 FEP system: hardware and software with network connectivity, card usage authentication and other functions required for credit

card payment processing

(2) Establishment of a foundation for human resources

By hiring and utilizing a diverse range of human resources and promoting human resource development measures, we will cultivate human resources with advanced skills and expertise as well as flexible ideas. In addition, by reforming the personnel system aimed at realizing comfortable work styles and rewarding jobs, we will establish the human resource foundations that will support our sustainable growth.

(3) Establishment of a foundation for co-creation

We will promote enterprise reform centered on co-creation. Within the company, we will eliminate vertical segmentation within the organization, foster organic organizational collaboration by stimulating dialogue, and engage in co-creation among employees. Additionally, we will make a full effort to address ESG issues.

3. Numerical goals

(Revised plan)

(million yen)

FY06/2022

FY06/2023

FY06/2024

FY06/2025

(Real)

(Provide)

(To plan)

(To plan)

Net sales

11,493

13,500

15,000

16,500

Operating result

1,520

1,800

2,250

2,500

(operating margin)

(13.2)

(13.3)

(15.0)

(15.2)

(previous shot)

(million yen)

FY06/2021

FY06/2022

FY06/2023

FY06/2024

(Real)

(Provide)

(To plan)

(To plan)

Net sales

11,187

12,000

13,500

15,000

Operating result

1,130

1,320

1,750

2,250

(operating margin)

(10.1)

(11.0)

(13.0)

(15.0)

(Note) This mid-term business plan has been designed based on the current business environment, so actual performance may differ significantly from the outlook and we may modify the plan without notice, depending on changes in the business environment, etc. appreciate your understanding.

Information: Investor Relations,

INTELLIGENT WAVE INC. Email: [email protected]


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