IPS is a glorified way of saying this address put these bytes, this address put these bytes. With an upper limit of 16 megs.
The job of the patch making tool being to compare a ROM (or whatever) before, so usually the stock ROM, and the ROM after any hacks have been done and make a file to recreate the differences.
The trouble for you wanting to extract things is then twofold.
1) You don't know what does what, though here at least whatever is changed has to include the data you care about.
2) Potentially not all differences will include what you care about.
Better to do an example of 2). So you have a grim and brooding ninja in your game. ..... is the only response you get in Japanese. In English ..... is a suitable equivalent. Give...