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Investor releaseQuarter not tagged2026-08-21Micware Presents Research Results at the International Conference “IEEE IV 2026”
GlobeNewswire
Micware Presents Research Results at the International Conference “IEEE IV 2026”
Paper Published in IEEE Xplore KOBE, Japan, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Micware Co., Ltd. (Nasdaq: MWC) (the “Company” or “Micware”), a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors, today announced that a paper presenting joint research results by Micware and Institute of Science Tokyo had been published in IEEE Xplore. The paper was presented at the 2026 IEEE Intelligent Vehicles Symposium (“IEEE IV 2026”), an international conference on vehicle intelligence technologies, held in Detroit, Michigan, United States, from June 22 to 25, 2026. About the PaperIEEE IV 2026 is an international conference organized by the Intelligent Transportation Systems Society (ITSS) of the Institute of Electrical and Electronics Engineers (IEEE). The paper presented at the conference is as follows:Title: Dashcam-Based 3D Building Generation and Augmentation to Open Geospatial PlatformLead Author: Masahiko Murakami Overview of the Research ResultsThis research proposes a technology that automatically generates 3D models of urban buildings from footage and GPS data recorded by ordinary dashcams and integrates those models into map data (OpenStreetMap). Creating high-precision 3D maps has traditionally required specialized equipment such as LiDAR (Light Detection and Ranging) systems and aerial photography; the proposed method instead relies on dashcams that are already in widespread use. In field trials conducted in four areas in Japan, Kobe, Utsunomiya, Yokohama, and Shinagawa, a total of 2,580 building models were automatically generated and integrated into map data. The trials confirmed the effectiveness of the method across a wide range of environments, from suburban residential neighborhoods to central urban districts. Overview of the Joint Research Results with the Institute of Science Tokyo Underlying This Paper Patents Used in the ResearchThe technology used in this research incorporates the following patents registered in Japan and held by Micware:Patent No. 7755767 — 3D Model Generation Device and 3D Model Generation MethodPatent No. 7706035 — Geospatial Information Processing Device and Geospatial Information Processing MethodPatent No. 7738793 — Geospatial Information Processing Device and Geospatial Information Processing MethodPatent No. 7738794 — Geospatial Information…Read full documentShow less
Paper Published in IEEE Xplore KOBE, Japan, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Micware Co., Ltd. (Nasdaq: MWC) (the “Company” or “Micware”), a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors, today announced that a paper presenting joint research results by Micware and Institute of Science Tokyo had been published in IEEE Xplore. The paper was presented at the 2026 IEEE Intelligent Vehicles Symposium (“IEEE IV 2026”), an international conference on vehicle intelligence technologies, held in Detroit, Michigan, United States, from June 22 to 25, 2026. About the PaperIEEE IV 2026 is an international conference organized by the Intelligent Transportation Systems Society (ITSS) of the Institute of Electrical and Electronics Engineers (IEEE). The paper presented at the conference is as follows:Title: Dashcam-Based 3D Building Generation and Augmentation to Open Geospatial PlatformLead Author: Masahiko Murakami Overview of the Research ResultsThis research proposes a technology that automatically generates 3D models of urban buildings from footage and GPS data recorded by ordinary dashcams and integrates those models into map data (OpenStreetMap). Creating high-precision 3D maps has traditionally required specialized equipment such as LiDAR (Light Detection and Ranging) systems and aerial photography; the proposed method instead relies on dashcams that are already in widespread use. In field trials conducted in four areas in Japan, Kobe, Utsunomiya, Yokohama, and Shinagawa, a total of 2,580 building models were automatically generated and integrated into map data. The trials confirmed the effectiveness of the method across a wide range of environments, from suburban residential neighborhoods to central urban districts. Overview of the Joint Research Results with the Institute of Science Tokyo Underlying This Paper Patents Used in the ResearchThe technology used in this research incorporates the following patents registered in Japan and held by Micware:Patent No. 7755767 — 3D Model Generation Device and 3D Model Generation MethodPatent No. 7706035 — Geospatial Information Processing Device and Geospatial Information Processing MethodPatent No. 7738793 — Geospatial Information Processing Device and Geospatial Information Processing MethodPatent No. 7738794 — Geospatial Information Processing Device and Geospatial Information Processing MethodPatent No. 7738795 — Geospatial Information Processing Device and Geospatial Information Processing MethodPatent No. 7755768 — Geospatial Information Processing Device and Geospatial Information Processing Method Application to DynaPlanetThe technology developed through this research is also used as a core technology to construct 3D space in DynaPlanet, a digital platform that integrates location information with diverse content to represent urban spaces in 3D. Peer Review and Publication InformationThe paper was accepted following peer review by independent experts. The accepted paper has been published with a DOI and ISBNs and is included in IEEE Xplore, a technical literature database. DOI: 10.1109/IV66570.2026.11623998Electronic ISBN: 979-8-3315-4793-6PoD ISBN: 979-8-3315-4794-3Paper: https://ieeexplore.ieee.org/document/11623998 About Micware Co., Ltd.Micware Co., Ltd. is a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors. The Company is primarily engaged in the development and sale of in-vehicle infotainment (“IVI”) systems covering multimedia, navigation, human machine interface, telematics, and driver assistance, as well as navigation software and location information-based smartphone applications. Since its founding in 2003, Micware has built over 20 years of experience in automotive software and has established long-term relationships with major original equipment manufacturers (“OEM”) in Japan, including Honda Motor Co., Ltd. and Toyota Motor Corporation. Leveraging its engineering capabilities, proprietary technologies, and long-standing OEM relationships, the Company was ranked 9th among Japan-based Tier 1 suppliers in the IVI market in terms of revenue as of February 28, 2024, according to an industry report titled “IVI, Automotive Navigation System and Digital Mapping Market” commissioned by the Company and prepared by Frost & Sullivan. Micware operates across Japan through six operating entities and 13 branch offices and has established subsidiaries in the United States, Thailand, and Germany for overseas operations. For more information, please visit the Company’s IR website: www.ir-micware.com. Forward-Looking StatementsCertain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the annual report on Form 20-F and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. For more information, please contact: Micware Co., Ltd.Investor Relations DepartmentEmail: [email protected] Public RelationsEmail: [email protected] Ascent Investor Relations LLCTina XiaoPhone: +1-646-932-7242Email: [email protected] Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/b8bb15a3-5365-4129-9d53-378eb7e14209https://www.globenewswire.com/NewsRoom/AttachmentNg/6b5c6222-3faf-48bc-a87f-cc1ddfcf92e3
TranscriptFY2026 Q42026-07-01FY2026 Q4 earnings call transcript
Earnings source - 320 paragraphs
FY2026 Q4 earnings call transcript
I'm Maiko Kawashima, Micware Co., Ltd.'s Head of Investor Relations. We will now begin our earnings call for the fiscal year ended February 28, 2026.
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After the presentation, we will address questions that were submitted in advance. Please note that all parties will be in a listen-only mode during the call. A video replay of this call will be made available on our IR website at a later date.
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Let me begin by introducing today's speakers. Joining us are our Chairman and Chief Executive Officer, Mr. Kenji Narushima, and our Chief Financial Officer, Mr. Takuma Segawa. We would also like to acknowledge the presence of our Chief Technology Officer, Mr. Masahide Shigeno, our Chief Operating Officer, Mr. Hideaki Tokuhara, and our Chief Growth Officer, Mr. Teruaki Koshiba.
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Today's presentation will begin with an overview of our growth strategy from our CEO, Mr. Narushima. Following that, our CFO, Mr. Segawa, will provide an overview of our financial results. After the presentation, we will conduct a question-and-answer session to address some key topics and areas of interest regarding our results.
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Unless otherwise noted, please be advised that all figures and growth rates referenced in this presentation are based on our U.S. dollar results, with the U.S. dollar and JPY or Japanese yen exchange rates of $1 is to JPY 150.64 for fiscal year 2025, and $1 is to JPY 156.05 for fiscal year 2026.
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Before we continue, I would just like to quickly touch on the forward-looking statements.
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Before we continue, I would just like to quickly remind you that some information discussed in this call will contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended, as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct.
The company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the company's registration statement and its other filings with the SEC.
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During today's presentation, Mr. Narushima and Mr. Segawa will deliver their remarks in Japanese, and a member of the IR team will provide the corresponding English translations. With that, I will now turn the call over to Mr. Kenji Narushima, the company's Chairman and Chief Executive Officer. Mr. Narushima, please go ahead.
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This is Narushima. Thank you for taking the time to join Micware's fiscal year 2026 earnings call today.
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This is our first earnings call following our initial public offering and NASDAQ listing on May 14, 2026. Please note that these financial results are our pre-IPO financial results.
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I would like to begin by expressing our sincere appreciation to everyone who has supported Micware along the way. We are truly honored to have reached this milestone, which represents both a major achievement and the beginning of a new chapter for the company.
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As we embark on this new chapter, I would like to start with an overview of our fiscal year 2026 financial performance.
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For fiscal year 2026, we recorded revenue of $140.3 million, representing a slight year-over-year increase of 0.1%. While revenue remained largely in line with the previous year, profitability continued to improve. Gross profit increased by 5.1% year-over-year to $51.6 million, and gross margin expanded by 1.8 percentage points to 36.8%.
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On the profit side, operating profit grows by 5.6% to $15.1 million, while adjusted operating profit reached $15.6 million. Net income increased 17.0% year-over-year to $10.3 million.
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In the fiscal year 2026, we were able to improve profitability while maintaining a stable revenue base. We believe that these results were driven by the steady performance of our core automotive software business, our continued efforts to enhance profitability, and our ongoing investment in future long-term growth areas.
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Next, I would like to highlight three key takeaways from our fiscal year 2026 performance.
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First is our continued improvement in profitability that has supported our revenue growth.
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Gross margin improved by 1.8 percentage points year-over-year to 36.8%. This resulted in record high margins and sustainable profitability rather than one-off gains.
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Second, we achieved both growth in investment and expansion in earnings. During the fiscal year, we actively increased investment for future growth, including a 40.0% year-over-year increase in R&D expenses.
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At the same time, both operating profit and adjusted operating profit increased, allowing us to deliver steady profit growth while continuing to invest in our growth initiatives. We believe that this demonstrates how our business foundation enables us to balance investment in future innovation with sustained earnings growth.
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Third is our growth in our Software Defined Vehicle or SDV business, supported by our long-standing relationships with major OEMs.
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We have built strong and trusted relationships over many years with major automotive manufacturers in Japan, including Honda, Toyota, Mazda, and Daihatsu. These partnerships, characterized by long development cycles, support recurring and follow-on opportunities.
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Next, I would like to briefly look back on our growth journey to date, and then outline our growth strategy moving forward.
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Since our founding in Kobe, Japan in 2003, we have consistently focused on software development in the mobility domain, beginning our business with the development of software for car audio and navigation systems.
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Since then, by steadily strengthening our technological capabilities and building trusted relationships with our customers, we have grown into one of the leading Japan-based IVI Tier 1 software suppliers. Today, we have scaled into a global team with approximately 600 employees worldwide.
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Now we are entering the next stage of our growth.
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We have evolved from a software developer for car audio and navigation systems into a Tier 1 software supplier supporting the broader automotive ecosystem.
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Looking ahead, we aim to further evolve into a platform provider that supports next-generation mobility by accelerating our global expansion and creating new business opportunities.
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Through these initiatives, we aim to create new value beyond our traditional business domains and drive mid to long-term growth and corporate value.
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One initiative that symbolizes our evolution into a platform provider is DynaPlanet.
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DynaPlanet is the platform that we have been developing under the name DSMM or Dynamic Street Map & Market Place. As we look ahead to future business expansion, we have rebranded it to DynaPlanet to establish a name that is more suitable for global deployment.
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DynaPlanet is a next-generation 3D platform that leverages AI to integrate location data with a wide range of digital content.
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Its first product is Dynamic Share Map, a consumer-oriented digital platform that aggregates and organizes location-based content including text, images, audio, video, and 3D content with the aim of creating new value and enabling monetization.
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At this point, please take a look at the 3D content video of Himeji Castle, created using Dynamic Share Map.
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In addition, as announced yesterday, we introduced a new service called Pre Spot, with a full product launch expected at a later date. Pre Spot is a service that utilizes 3D spatial technology to recreate entire stadium environments, allowing users to preview the view from their seats in advance, and to experience the route to their seats as if they're actually there.
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Through this, DynaPlanet aims to create new services and revenue opportunities by combining digital content, location data, and AI.
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Including these initiatives, we currently operate through three business segments.
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First, Software Defined Vehicles, or our SDV business, where we develop and provide next-generation mobility software centered on IVI system software.
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Second, Location Based Services, or our LBS business, where we provide navigation software and location-based services. DynaPlanet, which I introduced earlier, is positioned within this segment.
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Third, other services, which comprise software development services provided by our overseas subsidiaries, as well as B2C mobile app services.
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Building on this business foundation, we will allocate resources to two key areas, SDV and LBS, to accelerate our growth going forward.
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In terms of our growth investment, we plan to allocate 30% to the SDV domain aimed at strengthening the competitiveness of our existing business and 70% to the LBS domain aimed at creating new growth opportunities.
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In the SDV domain, we will leverage the strengths of our existing in-vehicle software business while continuing to invest in micAuto-PF, our proprietary IVI software platform to enhance our competitiveness in next-generation automotive software development.
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In the LBS domain, we will focus on developing businesses capable of generating recurring revenue. Through investments in new platform businesses, including DynaPlanet, we aim to create new growth opportunities.
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I will discuss each of the strategic priorities in more detail on the following slides.
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Our first strategic priority is to evolve from an IVI Tier 1 software supplier to an SDV Tier 1 software supplier.
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Building on the long-term partnerships we have developed with OEMs, we aim to further expand our participation in upstream development and broaden our involvement across the vehicle development process.
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Furthermore, we seek to accelerate talent acquisition and retention through geographic and industry expansion. In addition, we aim to advance into advanced driver assistance systems and autonomous driving integration while continuing to enhance our business and technical development capabilities to support scalable and next-generation vehicle software solutions.
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Our second strategic priority is to expand and monetize our 3D spatial platform software services.
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This service is a consumer-facing digital platform that aggregates and organizes location-based multimedia content, including text, images, audio, and video with the aim of creating new value and enabling monetization.
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Through this initiative, we aim to establish new revenue streams in addition to our OEM-focused business.
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In particular, we will reduce our reliance on traditional project-based revenue and transition to a business model that generates recurring revenue through data-driven services. At the same time, we will expand into BtoB and BtoG markets in new and overseas markets while strengthening our data acquisition and utilization capabilities to build a solid business foundation that supports long-term growth.
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Through these efforts, we aim to establish a more diversified and stable revenue base alongside our core OEM-focused business.
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As a publicly listed company, we will continue to focus on steady business execution, technological development, and enhancing corporate value over the mid to long term.
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Thank you for listening. I would now like to turn the call over to our CFO, Mr. Segawa, who will walk you through our financial results in detail. Mr. Segawa, please go ahead.
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Good morning, everyone. This is Micware's CFO, Segawa. Please note that the financial results are our pre-IPO financial results.
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Before discussing the detailed financial results, I would like to briefly look back on the past six months and highlight several key developments that marked important milestones for our company.
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First, in December 2025, we opened a new office in New York as part of our efforts to further strengthen our global expansion.
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This has strengthened our business foundation in the U.S. and established a structure to support our international expansion strategy.
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A few months later, in March 2026, we launched Dynamic Share Map.
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This May, we achieved a major milestone for our company with our listing on the NASDAQ Global Market.
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Through our IPO, we raised $22.8 million and this was followed by the full exercise of the underwriter's over-allotment option, which generated an additional $3.4 million, bringing total proceeds to $26.2 million.
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In the same month, we were also honored to receive Honda Motor's Excellent Appreciation Award in the development division. This recognition reflects our ability to establish robust development processes in large-scale projects, which contributed to improved product quality and reduction in abnormal costs.
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Finally, in June 2026, we rang the Nasdaq Closing Bell to celebrate Micware's transition into a publicly listed company together with our employees, partners, and everyone who have supported us along the way.
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Taken together, these milestones reflect a year of meaningful progress on multiple fronts, deepening the trust of our automotive partners, advancing our global expansion, building new growth platforms, and taking the important step of becoming a public company.
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Based on these business and corporate developments, I will now walk you through our financial results for the fiscal year ended February 28, 2026, beginning with our revenue.
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Revenue increased to $140.3 million in fiscal year 2026, representing an increase of 0.1% from $140.2 million in fiscal year 2025. While revenue was essentially flat on a U.S. dollar basis, it increased by 3.7% year-over-year on a Japanese yen basis, excluding the impact of foreign exchange. This is indicative of how our underlying business performance remained solid.
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By service line, software development services remained our core revenue source.
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The increase in revenue was primarily driven by the shift to successor vehicle development projects in the SDV domain, as well as the expansion of connected mobility services and progress in the next-generation development project in the LBS domain.
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While some projects experienced revenue declines due to completion or progression to later stages, overall revenue increased on a year-over-year basis.
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Licensing revenue was supported by higher OEM-related license fees, newly launched vehicle models, and the addition of a new customer.
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On the other hand, while revenue from certain older vehicle models and some connected services declined, overall licensing revenue remained solid.
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Software related services also recorded higher revenue year-over-year, driven by contributions from acquired businesses and an increase in projects for a non-OEM customer.
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While there was a decrease in revenue due to the termination of certain technical support services, overall performance remained solid.
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Looking at our revenue breakdown by service line, software development services continued to be our core business, representing approximately 80% of total revenue in fiscal year 2026.
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This level was broadly consistent with the previous fiscal year; the segment continues to serve as a foundation of our business.
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Licensing revenue remained a stable source of earnings, while software related services, although still representing a relatively small portion of total revenue, continued to grow.
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While LBS related licensing revenue remains stable, its share of total revenue declined relative to the growth of our other businesses.
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As we look ahead, we are actively investing in DynaPlanet and micAuto-PF.
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Through these strategic investments, we aim not to only strengthen the competitiveness of our existing businesses, but also to establish a new business foundation capable of generating recurring revenue.
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Turning to our gross profit, we continue to deliver steady improvement in our profitability.
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Gross profit increased to $51.6 million in FY 2026, representing an increase of 5.1% from $49.1 million in the previous fiscal year. On a Japanese yen basis, gross profit grew 8.9% year-over-year, excluding the impact of foreign exchange.
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Gross margin expanded to 36.8%, an increase of 1.8 percentage points from 35% in the prior fiscal year, driven by the cost of revenue increasing at a lower rate than revenue.
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This improvement was primarily attributable to a higher portion of value-added upstream processes, such as design and development work within projects for related parties, which resulted in a more favorable project mix and contributed to improved profitability.
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Adjusted operating profit increased to $15.6 million in fiscal year 2026, representing an increase of 2.0% from $15.3 million in the previous fiscal year. On a Japanese yen basis, adjusted operating profit increased by 5.1% year-over-year, excluding the impact of foreign exchange.
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The increase in adjusted operating profit was driven by gross margin expansion and disciplined SG&A expense control.
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At the same time, we have continued to make strategic investments for future growth, including increased R&D spending, particularly in DSMM, also now known as DynaPlanet.
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In this way, we were able to achieve both improved profitability and continued investment in growth.
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Now please be advised that details regarding the calculation of the adjusted operating profit and reconciliations to GAAP operating profit are provided in the appendix section of this presentation.
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Net income attributable to our ordinary shareholders increased to $10.3 million in fiscal year 2026, representing an increase of 17.0% from $8.8 million in the previous fiscal year. On a Japanese yen basis, net income increased by 20.4% year-over-year, excluding the impact of foreign exchange.
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The increase was primarily driven by overall improvement in financial performance, led by growth in our operating profit. In addition to improvements in gross and operating margins, other income, including gains related to acquisitions and foreign exchange, also contributed to our earnings.
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Although R&D investment and tax expenses increased, we were able to achieve profit growth that more than offset these factors.
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I will discuss our financial position.
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As of February 28, 2026, the company had cash and cash equivalents of JPY 52.9 million compared to JPY 50.9 million at the end of the prior fiscal year. This reflects our continued ability to maintain a solid financial foundation to support continued investment in growth.
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Total assets were JPY 156.6 million as of February 28, 2026, compared with JPY 152.5 million at the end of the previous fiscal year.
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Total liabilities decreased to JPY 107.5 million compared with JPY 101.4 million in the prior year.
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Total equity increased to JPY 52.7 million compared with JPY 44.6 million as of February 28, 2025.
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Overall, we have continued to strengthen and enhance the flexibility of our balance sheet, positioning us to execute our growth strategy going forward.
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Next, I will touch on our cash flows.
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In the fiscal year ended February 2026, we continued to generate positive operating cash flow with net cash provided by operating activities totaling JPY 13.3 million.
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This was primarily driven by solid net income and stronger customer cash collections from software development services and licensing revenue.
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We continue to maintain stable cash generation capabilities.
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Meanwhile, we also continue to invest in long-term growth with net cash used in investing activities totaling to $5.1 million.
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This was primarily attributable to strategic investments, capital expenditures, and acquisitions, all of which are aimed at strengthening our mid to long-term growth foundation.
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On the financing side, net cash used in financing activities was $4.8 million, primarily reflecting loan repayments during the year.
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Our cash flow profile remains solid, supported by continued operating cash generation and continued execution of our growth initiatives.
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Fiscal year 2026 was an important year for Micware.
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In addition to advancing our global expansion and delivering solid financial performance, we have made steady progress in executing our growth strategies in SDV and DynaPlanet.
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In May, we have also completed our listing on NASDAQ, marking the first step into a new chapter of our growth.
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As we move forward, we will continue to capture the growth opportunities arising from the transformation of the automotive industry, while striving to meet the expectations of our customers, partners, employees, and shareholders, and to enhance our corporate value over the mid to long term.
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This concludes my presentation, and thank you so much for listening in.
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Thank you very much. We will now move on to our Q&A session today.
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Today's session will be conducted in the format of addressing questions that were submitted in advance.
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Please note that we will not be taking any live questions during this session. Thank you so much for understanding.
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Let me begin with the first question.
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In fiscal year 2026, software development services continued to account for the largest portion of your revenue. How do you plan to leverage this business structure to drive your mid to long-term growth?
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I will ask our CFO, Mr. Segawa, to respond to this question. Mr. Segawa, please go ahead.
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This is Segawa. Software development services will continue to serve as a foundation of our business. In the fiscal year ended February 28, 2026, this segment generated revenue of $112.3 million US dollars, accounting for approximately 80% of our total revenue.
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This business includes automotive software development across a broad range of areas, including IVI, SDV, navigation, multimedia, and connectivity related solutions.
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Beyond its scale, this business also serves as a key source of our competitive advantage, supported by our longstanding relationships with OEMs, deep expertise in vehicle development processes, and the recurring opportunities it generates for follow-on and additional development projects.
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The technological capabilities and customer base we have built through this business form a critical foundation for our evolution from an IVI Tier 1 software supplier to an SDV Tier 1 software supplier.
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The stable revenue base also supports our investments in new growth areas, including DynaPlanet and micAuto-PF. By leveraging this foundation, we aim to create a positive cycle in which we can both grow our existing businesses and also generate new growth opportunities. Through this approach, we are executing a strategy that balances profitability and investment, while also driving expansion across all of our revenue segments.
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This concludes my answer to your question. Thank you.
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Let's now move on to the second question.
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R&D expenses increased significantly in fiscal year 2026, largely related to DynaPlanet. Could you please provide an update on DynaPlanet's development status and commercialization timeline?
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I will be taking this question.
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DynaPlanet is a core initiative within our mid- to long-term growth strategy, and we are advancing its development based on a multi-year plan.
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Over the past several years, we have focused on foundational research, concept design, building our development structure, and developing core technologies. In the fiscal year ended February 28, 2026, we have made significant progress not only in advancing our core technologies, but also in developing the platform at the service level. We have also made steady progress in securing intellectual property, including patent filings and licensing.
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Looking ahead, we plan to begin full-scale service and platform development in the fiscal year ending February 28, 2027, planning to focus on enhancing service value and expanding globally.
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From the fiscal year ending February 29, 2028 onwards, we aim to expand the scale of the business and create new revenue opportunities through further enhancement of functionality and continued market expansion.
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We position DynaPlanet as a key strategic initiative to expand into new growth areas, leveraging the technological capabilities that we have developed through our existing software development business.
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Looking ahead, we aim to diversify our revenue sources through the growth of this platform while building a business foundation that can generate recurring revenue alongside our automotive software business.
[Non-English content]
That's my answer to your question. Thank you.
[Non-English content]
Thank you so much. Let's now move on to the next question.
[Non-English content]
Your relationships with Honda and Toyota represent an important part of your revenue base. How do you plan to leverage these partnerships in your future growth strategy and in expanding your customer base?
[Non-English content]
I will be taking this question as well.
[Non-English content]
Honda and Toyota are important long-term partners for our company as well as our shareholders as well. In the fiscal year ended February 28, 2026, both the Honda Group and the Toyota Group continued to be our key customers, accounting for a significant portion of our revenue. We believe that these relationships reflect the strong trust that we have built over the many years and through our automotive software development work.
[Non-English content]
As part of our mid to long-term customer strategy, we aim to further deepen our relationships with key OEMs, including Honda and Toyota, while also expanding our customer base. In fact, we have already engaged with a broad range of companies across the automotive industries, including Mazda, Daihatsu, and Denso.
[Non-English content]
As we expand our business scope from IVI to SDV, we believe that these long-standing customer relationships will serve as a critical foundation for capturing new business opportunities and supporting sustainable growth.
[Non-English content]
That's my answer to your question. Thank you.
[Non-English content]
All right, let's now move on to the next question.
[Non-English content]
Micware currently has subsidiaries in the U.S., Thailand, and Germany. How do these overseas operations support your global expansion and mid to long-term growth?
[Non-English content]
I will also be taking this question.
[Non-English content]
Our overseas subsidiaries serve as important bases that support customer engagement outside Japan and the development of new business opportunities.
[Non-English content]
While Japan remains our core market, our customer base also includes major Japanese OEMs that operate globally.
[Non-English content]
By maintaining a presence in the U.S., Thailand, and Germany, we are able to more effectively support our customers' international operations. At the same time, these locations also enable us to expand access to talent and partnerships while also building a foundation for the future expansion of our overseas business.
[Non-English content]
We view our global network of subsidiaries as an important foundation, supporting the growth of both our SDV business and new initiatives such as DynaPlanet. As part of our mid to long-term growth strategy, we are continuing to strengthen this global footprint to support our future expansion.
[Non-English content]
For the interest of time, we're going to now take the last question.
[Non-English content]
How do you balance investment in organic growth initiatives with potential strategic investment opportunities, including M&A?
[Non-English content]
I will also be taking this question.
[Non-English content]
Our highest priority in capital allocation is growth investment.
[Non-English content]
We plan to drive business expansion through continued investment in technology development, product and platform enhancement, and talent. At the same time, we will actively explore strategic M&A and partnerships while maintaining discipline that can strengthen our technological capabilities, expand our customer base, and enhance our competitiveness.
[Non-English content]
Going forward, we will carefully assess strategic fit and return on investment while maintaining an appropriate balance between organic growth and M&A to enhance corporate value over the long term.
[Non-English content]
In terms of our investment discipline, we establish KPIs for each investment and development project and conduct annual reviews based on the achievement of these KPIs.
[Non-English content]
Until profitability is achieved, decisions on whether to continue or revise investments are made based on progress against these KPIs.
[Non-English content]
That's the end of my answer. Thank you.
[Non-English content]
Thank you so much. This concludes today's earnings call.
[Non-English content]
This concludes today's earnings call and thank you so much for taking the time to join us today.
[Non-English content]
If you have any questions, please feel free to contact our IR team using the contact information provided here. We will do our best to respond to your questions as promptly as possible.
[Non-English content]
Once again, we would like to express our sincere gratitude for your interest and support of Micware, and we look forward to your continued support, and thank you so much.
Investor releaseQuarter not tagged2026-06-30Micware Co., Ltd. Announces Fiscal Year 2026 Financial Results
GlobeNewswire
Micware Co., Ltd. Announces Fiscal Year 2026 Financial Results
Operating Profit and Net Income Attributable to the Company’s Ordinary Shareholders Rose by 9.4% and 20.4%, Respectively KOBE, Japan, June 30, 2026 (GLOBE NEWSWIRE) -- Micware Co., Ltd. (Nasdaq: MWC) (the “Company” or “Micware”), a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors, today announced its financial results for the fiscal year ended February 28, 2026. Fiscal Year 2026 Financial Highlights Revenue was JPY21.9 billion (US$140.3 million) in fiscal year 2026, an increase of 3.7% from JPY21.1 billion in fiscal year 2025. Gross profit was JPY8.0 billion (US$51.6 million) in fiscal year 2026, an increase of 8.9% from JPY7.4 billion in fiscal year 2025. Gross profit margin was 36.8% in fiscal year 2026, which increased from 35.0% in fiscal year 2025. Operating profit was JPY2.4 billion (US$15.1 million) in fiscal year 2026, an increase of 9.4% from JPY2.2 billion in fiscal year 2025. Net income was JPY1.6 billion (US$10.4 million) in fiscal year 2026, an increase of 19.6% from JPY1.4 billion in fiscal year 2025. Net income attributable to the Company’s ordinary shareholders was JPY1.6 billion (US$10.3 million) in fiscal year 2026, an increase of 20.4% from JPY1.3 billion in fiscal year 2025. Adjusted operating profit was JPY2.4 billion (US$15.6 million) in fiscal year 2026, an increase of 5.1% from JPY2.3 billion in fiscal year 2025. Basic and diluted earnings per share were JPY28.58 (US$0.18) in fiscal year 2026, compared to JPY25.49 in fiscal year 2025. Mr. Kenji Narushima, Chief Executive Officer and Chairman of Micware, remarked, “We are pleased to report strong financial results for fiscal year 2026, highlighted by steady revenue growth and improved profitability. Our revenue increased by 3.7% year over year, while net income rose by 19.6%. These results underscore our ability to execute across core automotive software business, supported by disciplined cost management and operational excellence. “Beyond our financial results, the completion of our initial public offering was a defining milestone for Micware. On May 14, 2026, we commenced trading on the Nasdaq Global Market under the ticker symbol ‘MWC.’ This achievement is the result of years of dedication by our employees, as well as the continued trust and support of our customers, partners, and all those who ha…Read full documentShow less
Operating Profit and Net Income Attributable to the Company’s Ordinary Shareholders Rose by 9.4% and 20.4%, Respectively KOBE, Japan, June 30, 2026 (GLOBE NEWSWIRE) -- Micware Co., Ltd. (Nasdaq: MWC) (the “Company” or “Micware”), a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors, today announced its financial results for the fiscal year ended February 28, 2026. Fiscal Year 2026 Financial Highlights Revenue was JPY21.9 billion (US$140.3 million) in fiscal year 2026, an increase of 3.7% from JPY21.1 billion in fiscal year 2025. Gross profit was JPY8.0 billion (US$51.6 million) in fiscal year 2026, an increase of 8.9% from JPY7.4 billion in fiscal year 2025. Gross profit margin was 36.8% in fiscal year 2026, which increased from 35.0% in fiscal year 2025. Operating profit was JPY2.4 billion (US$15.1 million) in fiscal year 2026, an increase of 9.4% from JPY2.2 billion in fiscal year 2025. Net income was JPY1.6 billion (US$10.4 million) in fiscal year 2026, an increase of 19.6% from JPY1.4 billion in fiscal year 2025. Net income attributable to the Company’s ordinary shareholders was JPY1.6 billion (US$10.3 million) in fiscal year 2026, an increase of 20.4% from JPY1.3 billion in fiscal year 2025. Adjusted operating profit was JPY2.4 billion (US$15.6 million) in fiscal year 2026, an increase of 5.1% from JPY2.3 billion in fiscal year 2025. Basic and diluted earnings per share were JPY28.58 (US$0.18) in fiscal year 2026, compared to JPY25.49 in fiscal year 2025. Mr. Kenji Narushima, Chief Executive Officer and Chairman of Micware, remarked, “We are pleased to report strong financial results for fiscal year 2026, highlighted by steady revenue growth and improved profitability. Our revenue increased by 3.7% year over year, while net income rose by 19.6%. These results underscore our ability to execute across core automotive software business, supported by disciplined cost management and operational excellence. “Beyond our financial results, the completion of our initial public offering was a defining milestone for Micware. On May 14, 2026, we commenced trading on the Nasdaq Global Market under the ticker symbol ‘MWC.’ This achievement is the result of years of dedication by our employees, as well as the continued trust and support of our customers, partners, and all those who have supported Micware along the way. We view the listing not as a destination, but as a new beginning, one that we believe provides us with greater visibility and resources as we continue to pursue our long-term vision.” Mr. Narushima continued, “Looking ahead, we intend to grow our business through two strategic priorities. We plan to evolve from an in-vehicle infotainment (“IVI”) Tier 1 software supplier to a Software Defined Vehicle (“SDV”) Tier 1 software supplier, supported by continued investment in our proprietary IVI software platform, micAuto-PF, which we believe will strengthen our core automotive software capabilities and support our transition toward SDV-related solutions. In parallel, we are continuing to invest in long-term, multi-year technology development, with a particular focus on research and development activities related to Dynamic Street Map & Market Place (“DSMM”). Effective July 1, 2026, the name of DSMM project will be changed to “DynaPlanet.” We believe the commercialization of DynaPlanet, anticipated in fiscal year 2027, will expand our addressable market, diversify our revenue base, and strengthen our competitive position. Through these initiatives, we seek to support the next stage of Micware’s growth by broadening our technology capabilities, diversifying our revenue streams, and delivering long-term value to our customers and shareholders.” Fiscal Year 2026 Financial Results Revenue Revenue was JPY21.9 billion (US$140.3 million) in fiscal year 2026, an increase of 3.7% from JPY21.1 billion in fiscal year 2025. Revenue from software development services was JPY17.5 billion (US$112.3 million) in fiscal year 2026, an increase of 2.0% from JPY17.2 billion in fiscal year 2025. This increase was primarily attributable to: (i) a JPY417.7 million increase in sales in the SDV segment, driven mainly by an increase in revenue from one of the Company’s existing related party customers as development activities shifted from the previous vehicle model development project to its successor vehicle model development project, which was partially offset by a decrease in revenue from the previous vehicle model development project as it moved into later-stage activities, and (ii) a JPY89.8 million increase in sales in the Location-Based Services (“LBS”) segment, mainly due to a JPY568.3 million increase in sales attributable to higher sales to an existing related party customer, for connected mobility services linking vehicles and smartphones as well as a JPY89.4 million increase attributable to progress in a next-generation development project for an existing Original Equipment Manufacturer (“OEM”) customer outside of four-wheeled vehicle applications, partially offset by a JPY566.9 million decrease primarily due to certain customer projects reaching completion or transitioning from main development phases to following phase, such as version upgrade and evaluation support activities. These increases were partially offset by (iii) a JPY164.1 million decrease in sales in the other segment, mainly due to a JPY210.8 million increase in intersegment eliminations resulting from higher intercompany transactions associated with revenue growth in the SDV and LBS segments, partially offset by a net JPY43.3 million increase in revenue from the Company’s overseas subsidiaries. Revenue from licensing was JPY3.23 billion (US$20.7 million) in fiscal year 2026, an increase of 1.7% from JPY3.18 billion in fiscal year 2025. This increase was primarily attributable to a JPY209.3 million increase in the LBS segment, driven mainly by higher license fee revenue from multiple OEM customers, newly launched models for existing customers and the acquisition of a new customer, partially offset by lower license fees for multiple OEM vehicle models that had been in the market for a longer period. This increase was also partially offset by a JPY155.5 million decrease in sales in the SDV segment, primarily due to lower revenue from connected services for a related party customer. Revenue from software-related services was JPY1.1 billion (US$7.3 million) in fiscal year 2026, an increase of 49.5% from JPY0.8 billion in fiscal year 2025. The increase was primarily due to a JPY367.2 million increase in sales in the SDV segment, including JPY245.1 million in revenue contributions from the business acquired through business combinations during the current period as well as JPY181.2 million in revenue from ad hoc development projects for non-OEM customers, partially offset by a JPY110.6 million decrease in sales in the SDV segment mainly due to the completion of technical support services for an existing customer. Cost of Revenue Cost of revenue was JPY13.8 billion (US$88.7 million) in fiscal year 2026, an increase of 0.8% from JPY13.7 billion in fiscal year 2025. The increase was primarily due to the increases in personnel costs and outsourcing costs associated with the expansion of certain SDV- and LBS-related development activities. Gross Profit Gross profit was JPY8.0 billion (US$51.6 million) in fiscal year 2026, an increase of 8.9% from JPY7.4 billion in fiscal year 2025. Gross profit margin was 36.8% in fiscal year 2026, an increase from 35.0% in fiscal year 2025. Operating Expenses Total operating expenses were JPY5.7 billion (US$36.4 million) in fiscal year 2026, an increase of 8.7% from JPY5.2 billion in fiscal year 2025. Sales, general, and administrative expenses were JPY4.1 billion (US$26.6 million) in fiscal year 2026, a decrease of 0.5% from JPY4.2 billion in fiscal year 2025. The decrease was primarily attributable to a JPY94.3 million decrease in professional fees and license fees on a combined basis and a JPY47.8 million decrease in personnel expenses, partially offset by an increase of JPY71.9 million in advertising expenses. The remaining net change was primarily attributable to increases of JPY28.2 million in travel expenses and JPY25.2 million in non-income tax expenses. Research and development expenses were JPY1.5 billion (US$9.8 million) in fiscal year 2026, an increase of 45.3% from JPY1.1 billion in fiscal year 2025. This increase was primarily attributable to increased expenditures related to the DynaPlanet project. Operating Profit Operating profit was JPY2.4 billion (US$15.1 million) in fiscal year 2026, an increase of 9.4% from JPY2.2 billion in fiscal year 2025. Net Income Net income was JPY1.6 billion (US$10.4 million) in fiscal year 2026, an increase of 19.6% from JPY1.4 billion in fiscal year 2025. Net Income Attributable to the Company’s Ordinary Shareholders Net income attributable to the Company’s ordinary shareholders was JPY1.6 billion (US$10.3 million) in fiscal year 2026, an increase of 20.4% from JPY1.3 billion in fiscal year 2025. Basic and Diluted Earnings per Share Basic and diluted earnings per share were JPY28.58 (US$0.18) in fiscal year 2026, compared to JPY25.49 in fiscal year 2025. Financial Condition As of February 28, 2026, the Company had cash and cash equivalents of JPY8.3 billion (US$52.9 million), compared to JPY7.7 billion as of February 28, 2025. Net cash provided by operating activities was JPY2.1 billion (US$13.3 million) in fiscal year 2026, compared to JPY2.2 billion in fiscal year 2025. Net cash used in investing activities was JPY0.8 billion (US$5.1 million) in fiscal year 2026, compared to JPY0.6 billion in fiscal year 2025. Net cash used in financing activities was JPY0.7 billion (US$4.8 million) in fiscal year 2026, compared to net cash provided by financing activities of JPY1.9 billion in fiscal year 2025. Recent Developments On May 15, 2026, the Company completed its initial public offering (the “Offering”) on the Nasdaq Global Market. The Company issued and sold an aggregate of 2,850,000 American Depositary Shares (“ADSs”), each representing one ordinary share, at a public offering price of US$8.00 per ADS. On May 20, 2026, A.G.P./Alliance Global Partners, as the sole underwriter of the Offering, exercised its over-allotment option in full to purchase an additional 427,500 ADSs, each representing one ordinary share, at the public offering price of $8.00 per ADS. The total gross proceeds received from the Offering, including proceeds from the exercise of the over-allotment option, were $26.2 million, before deducting underwriting discounts and offering expenses. The Company’s ADSs first began trading on the Nasdaq Global Market on May 14, 2026, under the ticker symbol “MWC.” Earnings Call Information The Company will host an earnings call at 8:00 am U.S. Eastern Time (9:00 pm Japan Standard Time) on July 1, 2026. To attend the earnings call, please use the following access information. For participation in the earnings call, pre-registration is required using the link above. Dial-in details and access instructions will be provided upon registration. Please join at least 15 minutes before the commencement of the call to ensure timely participation. For those unable to participate, a video replay of the conference call will be available from approximately one hour after the end of the live call until June 30, 2027. An archived webcast of the conference call will also be available at the Company’s investor relations website at www.ir-micware.com. Exchange Rate Information This announcement contains translations of certain Japanese Yen (“JPY”) amounts into U.S. dollars (“USD” or “$”) for the convenience of the reader. Translations of amounts from JPY into USD have been made at the exchange rate of JPY156.05 = $1.00, which was the foreign exchange rate on February 27, 2026, the last business day in fiscal year ended February 28, 2026, as published on the website of the United States Federal Reserve Board. About Micware Co., Ltd. Micware Co., Ltd. is a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors. The Company is primarily engaged in the development and sale of IVI systems covering multimedia, navigation, human machine interface, telematics, and driver assistance, as well as navigation software and location information-based smartphone applications. Since its founding in 2003, Micware has built over 20 years of experience in automotive software and has established long-term relationships with major OEMs in Japan, including Honda Motor Co., Ltd. and Toyota Motor Corporation. Leveraging its engineering capabilities, proprietary technologies, and long-standing OEM relationships, the Company was ranked 9th among Japan-based Tier 1 suppliers in the IVI market in terms of revenue as of February 28, 2024, according to an industry report titled “IVI, Automotive Navigation System and Digital Mapping Market” commissioned by the Company and prepared by Frost & Sullivan. Micware operates across Japan through six operating entities and 13 branch offices and has established subsidiaries in the United States, Thailand, and Germany for overseas operations. For more information, please visit the Company’s IR website: www.ir-micware.com. Non-GAAP Financial Measures In the Company’s report, it discusses key financial measures that are not calculated in accordance with the United States Generally Accepted Accounting Principles (“GAAP”) to supplement its consolidated financial statements presented on a GAAP basis. These non-GAAP financial measures are reconciled from their most directly comparable financial measures determined in accordance with GAAP as follows: Adjusted income from operations is a financial measure that is not calculated in accordance with GAAP, and the use of the terms adjusted income from operations may differ from similar measures reported by other companies and may not be comparable to other similarly titled measures. The Company believes the non-GAAP financial measure provides investors with useful information with respect to its historical operations. The Company presents the non-GAAP financial measure as supplemental performance measures because it facilitates a comparative assessment of the Company’s operating performance relative to its performance based on its results under GAAP, while isolating the effects of some items that vary from period to period. Specifically, adjusted income from operations allows the Company to assess its performance without the impact of the specifically identified items that it believes do not directly reflect its core operations, including non-recurring costs, such as listing-related and transformational expenses, other non-recurring income, such as litigation-related reimbursement. The non-GAAP financial measure also functions as key performance indicator used to evaluate the Company’s operating performance internally, and it is used in connection with the determination of incentive compensation for management, including executive officers. Adjusted income from operations is not a measurement of the Company’s financial performance under GAAP and should not be considered in isolation or as an alternative to income from operations or any other financial statement data presented as indicators of financial performance or liquidity, each as presented in accordance with GAAP. Consequently, the Company’s non-GAAP financial measure should be considered together with its consolidated financial statements, which are prepared in accordance with GAAP and included in Item 8 of its annual report on Form 20-F. The Company understands that although adjusted income from operations is frequently used by securities analysts, lenders and others in their evaluation of companies, it has limitations as analytical tools, and you should not consider it in isolation, or as a substitute for analysis of its results as reported under GAAP. Some of these limitations are: adjusted income from operations does not fully reflect the Company’s cash expenditures, future requirements for capital expenditures or contractual commitments; adjusted income from operations does not reflect changes in, or cash requirements for, the Company’s working capital needs; adjusted income from operations does not reflect the interest expense, or the cash requirements necessary to service interest or principal payments, on debt. Because of these limitations, adjusted income from operations should not be considered as discretionary cash available to the Company to reinvest in the growth of the Company’s business or as measure of cash that will be available to the Company to meet its obligations. Forward-Looking Statements Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the annual report on Form 20-F and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. For more information, please contact: Micware Co., Ltd. Investor Relations Department Email: [email protected] Public RelationsEmail: [email protected] Ascent Investor Relations LLCTina XiaoPhone: +1-646-932-7242Email: [email protected] MICWARE CO., LTD.CONSOLIDATED BALANCE SHEETS(Amounts in thousands of Japanese yen (“JPY”), and in thousands of U.S. Dollars (“US$”), except for number of shares and per share data) MICWARE CO., LTD.CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME(Amounts in thousands of JPY, and in thousands of US$, except for number of shares and per share data) MICWARE CO., LTD.CONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands of JPY, and in thousands of US$) Non-GAAP Financial Measures and ReconciliationAdjusted OPERATING PROFIT
Investor releaseQuarter not tagged2026-06-24Micware Co., Ltd. to Host Fiscal Year 2026 Earnings Call on July 1, 2026
GlobeNewswire
Micware Co., Ltd. to Host Fiscal Year 2026 Earnings Call on July 1, 2026
KOBE, Japan, June 24, 2026 (GLOBE NEWSWIRE) -- Micware Co., Ltd. (Nasdaq: MWC) (the “Company” or “Micware”), a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors, today announced that it will host an earnings call to discuss its financial results for the fiscal year ended February 28, 2026. The earnings call will be held at 8:00 am U.S. Eastern Time (9:00 pm Japan Standard Time) on July 1, 2026. To attend this earnings call, please use the information below for access. For participation in the earnings call, pre-registration is required using the link above. Dial-in details and access instructions will be provided upon registration. Please join at least 15 minutes before the commencement of the call to ensure timely participation. For those unable to participate, a video replay will be available from approximately one hour after the end of the live call until June 30, 2027. An archived webcast of the earnings call will also be available at the Company’s investor relations website at www.ir-micware.com. About Micware Co., Ltd. Micware Co., Ltd. is a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors. The Company is primarily engaged in the development and sale of in-vehicle infotainment (“IVI”) systems covering multimedia, navigation, human machine interface, telematics, and driver assistance, as well as navigation software and location information-based smartphone applications. Since its founding in 2003, Micware has built over 20 years of experience in automotive software and has established long-term relationships with major original equipment manufacturers (“OEM”) in Japan, including Honda Motor Co., Ltd. and Toyota Motor Corporation. Leveraging its engineering capabilities, proprietary technologies, and long-standing OEM relationships, the Company was ranked 9th among Japan-based Tier 1 suppliers in the IVI market in terms of revenue as of February 28, 2024, according to an industry report titled “IVI, Automotive Navigation System and Digital Mapping Market” commissioned by the Company and prepared by Frost & Sullivan. Micware operates across Japan through six operating entities and 12 branch offices and has established subsidiaries in the United States, Thailand, and Germany for oversea…Read full documentShow less
KOBE, Japan, June 24, 2026 (GLOBE NEWSWIRE) -- Micware Co., Ltd. (Nasdaq: MWC) (the “Company” or “Micware”), a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors, today announced that it will host an earnings call to discuss its financial results for the fiscal year ended February 28, 2026. The earnings call will be held at 8:00 am U.S. Eastern Time (9:00 pm Japan Standard Time) on July 1, 2026. To attend this earnings call, please use the information below for access. For participation in the earnings call, pre-registration is required using the link above. Dial-in details and access instructions will be provided upon registration. Please join at least 15 minutes before the commencement of the call to ensure timely participation. For those unable to participate, a video replay will be available from approximately one hour after the end of the live call until June 30, 2027. An archived webcast of the earnings call will also be available at the Company’s investor relations website at www.ir-micware.com. About Micware Co., Ltd. Micware Co., Ltd. is a Japan-based provider of software development services and innovative IT solutions mainly focused on the automotive and mobility sectors. The Company is primarily engaged in the development and sale of in-vehicle infotainment (“IVI”) systems covering multimedia, navigation, human machine interface, telematics, and driver assistance, as well as navigation software and location information-based smartphone applications. Since its founding in 2003, Micware has built over 20 years of experience in automotive software and has established long-term relationships with major original equipment manufacturers (“OEM”) in Japan, including Honda Motor Co., Ltd. and Toyota Motor Corporation. Leveraging its engineering capabilities, proprietary technologies, and long-standing OEM relationships, the Company was ranked 9th among Japan-based Tier 1 suppliers in the IVI market in terms of revenue as of February 28, 2024, according to an industry report titled “IVI, Automotive Navigation System and Digital Mapping Market” commissioned by the Company and prepared by Frost & Sullivan. Micware operates across Japan through six operating entities and 12 branch offices and has established subsidiaries in the United States, Thailand, and Germany for overseas operations. For more information, please visit the Company’s IR website: www.ir-micware.com. Forward-Looking Statements Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. For more information, please contact: Micware Co., Ltd. Investor Relations Department Email: [email protected] Public RelationsEmail: [email protected] Ascent Investor Relations LLCTina XiaoPhone: +1-646-932-7242Email: [email protected]