Company research
Micware Co., Ltd.
CIK 2083526Updated Sep 26, 2026
SecurityMWC · NASDAQ · adr
MWC price & chart
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NASDAQ:MWC on TradingView ↗About the company
We are a Japan-based provider of software development services and innovative information technology (“IT”) solutions mainly focused on the automotive and mobility sectors. Our main focus is the development and sale of in-vehicle infotainment (“IVI”) systems that cover a broad range of modern car functionality from multimedia to navigation, human machine interface, telematics, and driver assistance. We also specialize in the development of navigation software and location information-based smartphone applications. Since the establishment of Micware in 2003, we have accumulated over 20 years of experience in software development in the automotive industry, which has translated into significant business growth. As of the date of this prospectus, our business is operated across Japan through six operating entities and 12 branch offices. We have also established subsidiaries in the U.S., Thailand, and Germany, for our operations overseas.
In the news
Micware Co., Ltd. Announces Closing of Upsized Initial Public Offering ↗
Seeking Alpha
Micware partners with ESRI Japan on urban, mobility and infrastructure data ↗
Micware Co., Ltd. 2026 Q4 - Results - Earnings Call Presentation ↗
Micware Co., Ltd. (MWC) Q4 2026 Earnings Call Transcript ↗
SEC disclosures
Micware Co., Ltd. files final prospectus (424B4) ↗
Recent filings
Show 5 more recent filings
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 |
|---|---|
| ASSETS | |
| AssetsUSD | 156,611,000Source |
| Property, Plant and Equipment, NetUSD | 11,853,000Source |
| GoodwillUSD | 1,533,000Source |
| Current assets: | |
| Cash and Cash Equivalents, at Carrying ValueUSD | 52,930,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 11,269,000Source |
| Inventory, NetUSD | 121,000Source |
| Assets, CurrentUSD | 93,037,000Source |
| Operating Lease, Right-of-Use AssetUSD | 24,572,000Source |
| Other Assets, NoncurrentUSD | 14,182,000Source |
| LIABILITIES AND EQUITY | |
| LiabilitiesUSD | 101,420,000Source |
| Stockholders’ equity: | |
| Common Stock, Value, IssuedUSD | 3,076,000Source |
| Additional Paid in CapitalUSD | 6,394,000Source |
| Retained Earnings (Accumulated Deficit)USD | 43,724,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 759,000Source |
| Stockholders' Equity Attributable to ParentUSD | 51,321,000Source |
| Liabilities and EquityUSD | 156,611,000Source |
| Current liabilities: | |
| Liabilities, CurrentUSD | 56,162,000Source |
| Operating Lease, Liability, CurrentUSD | 7,729,000Source |
| Accounts Payable, CurrentUSD | 7,802,000Source |
| Operating Lease, Liability, NoncurrentUSD | 18,458,000Source |
| Other Liabilities, NoncurrentUSD | 4,345,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,364,000Source |
| Additional Financial Items | |
| Accounts Receivable, after Allowance for Credit LossUSD | 11,826,000Source |
| Accrued Liabilities, CurrentUSD | 8,904,000Source |
| Deferred Tax Liabilities, NetUSD | 394,000Source |
| Long-term Debt, Excluding Current Maturities | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 16,438,000Source |
cash flow · annual statements
| Line item | FY 2026 |
|---|---|
| Cash flows from operating activities: | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 10,378,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |
| Depreciation and amortization | — |
| Changes in operating assets and liabilities: | |
| Increase (Decrease) in Accounts ReceivableUSD | 345,000Source |
| Increase (Decrease) in InventoriesUSD | 6,000Source |
| Increase (Decrease) in Accounts PayableUSD | -932,000Source |
| Deferred Income Tax Expense (Benefit)USD | -2,098,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 13,294,000Source |
| Cash flows from investing activities: | |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -5,092,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,722,000Source |
| Cash flows from financing activities: | |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -4,783,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 3,776,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 52,930,000Source |
| Supplemental disclosure of cash flow information: | |
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 459,000Source |
| Income Taxes Paid, NetUSD | 6,951,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 357,000Source |
| Additional Financial Items | |
| Amortization of Intangible AssetsUSD | 200,000Source |
| DepreciationUSD | 2,500,000Source |
| Other Depreciation and Amortization | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 7,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 7,000Source |
| GoodwillUSD | 1,533,000Source |
| Income Tax Expense (Benefit)USD | 4,504,000Source |
| Net Income (Loss) Attributable to ParentUSD | 10,270,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -108,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 10,378,000Source |
| Nonoperating Income (Expense)USD | -267,000Source |
| Operating ExpensesUSD | 36,437,000Source |
income statement · annual statements
| Line item | FY 2026 |
|---|---|
| Total RevenueUSD | 140,313,000Source |
| Cost of Goods and Services Sold | — |
| Selling, General and Administrative ExpenseUSD | 26,589,000Source |
| Operating Income (Loss)USD | 15,149,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 14,882,000Source |
| Income Tax Expense (Benefit)USD | 4,504,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -108,000Source |
| Net Income (Loss) Attributable to ParentUSD | 10,270,000Source |
| Earnings Per Share, BasicUSD per share | 0.18Source |
| Earnings Per Share, DilutedUSD per share | 0.18Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 56,070,866Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 56,070,866Source |
| Additional Financial Items | |
| Amortization of Intangible AssetsUSD | 200,000Source |
| Business Combination, Acquisition Related CostsUSD | 12,800,000Source |
| Costs and ExpensesUSD | 163,804,000Source |
| Current Income Tax Expense (Benefit)USD | 6,602,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 2,750,000Source |
| Gross ProfitUSD | 51,586,000Source |
| Interest ExpenseUSD | 300,000Source |
| Interest Income (Expense), NetUSD | -274,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 10,378,000Source |
| Nonoperating Income (Expense)USD | -267,000Source |
| Operating ExpensesUSD | 36,437,000Source |
| Other Cost and Expense, OperatingUSD | 7,666,000Source |
| Other ExpensesUSD | 2,817,000Source |
| Other IncomeUSD | 535,000Source |
| Research and Development ExpenseUSD | 9,848,000Source |
Offerings
Registration 333-294081
- Gross proceeds
- 26220000.0
- Net proceeds
- 24384600.0
- Deal price
- 8.0
- Shares
- 3277500
- Offering price
- $8.00
- Ticker
- MWC
Filing attachments
micware_ex99-1.htm · 6-K · 2026-09-24
Exhibit 99.1 Micware Co., Ltd. Nasdaq Ticker: MWC Investor Presentation September 2026 This presentation contains forward - looking statements that reflect our current expectations and views of future events, all of which are subject to risks and uncertainties. You can identify these statements by the fact that they do not relate strictly to historical or current facts. You can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects…
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