Initial D Arcade Stage Ver. 3, known internationally as Initial D Version 3, is a 2004 racing arcade game developed by Sega Rosso and published by Sega Corporation. It was developed for the Sega NAOMI 2 arcade system, marking the last in the series to be developed on the system, and was later ported to the PlayStation Portable in 2006 as Initial D Street Stage. It is the third game in the Initial D Arcade Stage series.

Two new courses have been added: Shomaru Pass and Tsuchisaka, both of which were featured in Initial D Special Stage, as well as the option to race on Akina in the snow. Three new rivals have been added: Miki, Ichijo (known as Man in Evo VI) , and Aikawa (known as Man in Evo V).

New cars featured in the game are the Mitsubishi Lancer Evolution V, Lancer Evolution VI T.M. Edition, Mazda RX-8, and the Nissan Skyline 25GT-T. The game features original Eurobeat songs from artists including Matt Land, Powerful T., Ace Warrior, and Marco Polo.