MWC
Micware Co., Ltd.
Price Chart
Latest Quote
$1.51
+0.13 (+9.39%)
Current Price
| Previous Close | $1.39 |
| Open | $1.40 |
| Day High | $1.62 |
| Day Low | $1.37 |
| Volume | 94,887 |
Stock Information
Note: Financial values converted from JPY to USD
| Shares Outstanding | 59.42M |
| Total Debt | $61.02M |
| Cash Equivalents | $52.33M |
| Revenue | $138.73M |
| Net Income | $10.15M |
| Sector | Consumer Cyclical |
| Industry | Auto Parts |
| Market Cap | $90.02M |
| P/E Ratio | 8.42 |
| EPS (TTM) | $0.18 |
| Exchange | NGM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $1.67B |
| Sales | $138.73M |
| Income | $10.15M |
| Book/sh | $0.90 |
| Cash/sh | $139.01 |
| Employees | 483 |
Financial Ratios
| Quick Ratio | 1.54 |
| Current Ratio | 1.66 |
| Debt/Eq | 117.14 |
| EPS Growth TTM | 41.90% |
Returns & Margins
| ROA | 6.23% |
| ROE | 21.69% |
| Gross Margin | 36.77% |
| Operating Margin | 13.57% |
| Profit Margin | 7.32% |
Ownership
| Insider Ownership | 59.74% |
| Institutional Ownership | 12.19% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 0.00 |
| P/B | 1.68 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $1.58 |
| SMA50 | $1.60 |
| RSI | 52.69 |
| ATR | 0.1564 |
| Shares Float | 21.57M |
| Short Ratio | 0.17 |
| Rel Volume | 0.64 |
Performance History
| Week | -7.32% |
| Month | -21.24% |
| Quarter | -6.75% |
| YTD | -81.46% |
| 10 Years | -81.46% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-10-27 | $1.52 | 94,900 |
| 2026-10-26 | $1.39 | 122,400 |
| 2026-10-23 | $1.53 | 66,100 |
| 2026-10-22 | $1.54 | 104,400 |
| 2026-10-21 | $1.52 | 262,400 |
| 2026-10-20 | $1.64 | 80,000 |
| 2026-10-19 | $1.65 | 96,900 |
| 2026-10-16 | $1.63 | 207,500 |
| 2026-10-15 | $1.57 | 146,700 |
| 2026-10-14 | $1.66 | 136,800 |
| 2026-10-13 | $1.62 | 123,100 |
| 2026-10-12 | $1.67 | 154,300 |
| 2026-10-09 | $1.58 | 136,200 |
| 2026-10-08 | $1.45 | 120,200 |
| 2026-10-07 | $1.47 | 158,000 |
| 2026-10-06 | $1.53 | 113,500 |
| 2026-10-05 | $1.57 | 318,200 |
| 2026-10-02 | $1.69 | 127,400 |
| 2026-10-01 | $1.72 | 310,800 |
| 2026-09-30 | $1.67 | 63,300 |
| 2026-09-29 | $1.87 | 79,100 |
| 2026-09-28 | $1.93 | 228,000 |
About Micware Co., Ltd.
Micware Co., Ltd. provides software development services and information technology solutions focusing on the automotive and mobility sectors in Japan and internationally. The company operates three segments: Software Defined Vehicles, Location-Based Services, and Others. Its Software Defined Vehicles segment develops and sells software systems designed for SDV, including in-vehicle infotainment (IVI) system software and other mobility-enhancing software products. The Location-Based Services segment engages in the development and licensing of in-vehicle navigation software systems, and other geographic data-based services for business-to-business customers. Its Other segment comprises software development services for SDV, and business-to-consumer mobile app services unrelated to in-vehicle navigation. It engages in the development and sale of IVI systems that for automotive multimedia, navigation, human machine interface, telematics, and driver assistance. The company also specializes in the development of navigation software and location information-based smartphone applications. Micware Co., Ltd. was incorporated in 2003 and is headquartered in Kobe, Japan.
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Income Statement (Annual)
| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Revenue | ||
| Reconciled Cost Of Revenue | $79,563,580 | $71,039,634 |
| Cost Of Revenue | $86,632,413 | $76,937,895 |
| Total Revenue | $133,258,276 | $110,526,814 |
| Operating Revenue | $133,258,276 | $110,526,814 |
| Expenses | ||
| Interest Expense | $312,322 | $233,323 |
| Total Expenses | $119,627,240 | $98,586,195 |
| Rent Expense Supplemental | $2,850,288 | $918,957 |
| Other Income Expense | $-468,539 | $527,814 |
| Other Non Operating Income Expenses | $37,739 | $23,567 |
| Net Non Operating Interest Income Expense | $-312,322 | $-233,323 |
| Interest Expense Non Operating | $312,322 | $233,323 |
| Operating Expense | $32,994,827 | $21,648,300 |
| Selling And Marketing Expense | $579,749 | $305,166 |
| General And Administrative Expense | $23,165,178 | $13,526,028 |
| Income & Earnings | ||
| Net Income From Continuing Operation Net Minority Interest | $8,395,914 | $8,648,406 |
| Net Interest Income | $-312,322 | $-233,323 |
| Normalized Income | $8,732,595 | $8,284,463 |
| Net Income From Continuing And Discontinued Operation | $8,395,914 | $8,648,406 |
| Total Operating Income As Reported | $13,631,036 | $11,940,619 |
| Net Income Common Stockholders | $8,395,914 | $8,648,406 |
| Net Income | $8,395,914 | $8,648,406 |
| Net Income Including Noncontrolling Interests | $8,545,513 | $8,830,772 |
| Net Income Continuous Operations | $8,545,513 | $8,830,772 |
| Pretax Income | $12,850,175 | $12,235,109 |
| Special Income Charges | $-8,644 | $-972 |
| Operating Income | $13,631,036 | $11,940,619 |
| Depreciation Amortization Depletion Income Statement | $1,585,901 | $885,957 |
| Depreciation And Amortization In Income Statement | $1,585,901 | $885,957 |
| Gross Profit | $46,625,863 | $33,588,918 |
| Per Share | ||
| Diluted EPS | $0.14 | $0.14 |
| Basic EPS | $0.14 | $0.14 |
| Other | ||
| Tax Effect Of Unusual Items | $-169,597 | $140,303 |
| Tax Rate For Calcs | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $22,323,510 | $18,748,404 |
| Total Unusual Items | $-506,278 | $504,247 |
| Total Unusual Items Excluding Goodwill | $-506,278 | $504,247 |
| Reconciled Depreciation | $8,654,735 | $6,784,218 |
| EBITDA (Bullshit earnings) | $21,817,231 | $19,252,651 |
| EBIT | $13,162,496 | $12,468,433 |
| Diluted Average Shares | $377,905 | $377,905 |
| Basic Average Shares | $377,905 | $377,905 |
| Diluted NI Availto Com Stockholders | $8,395,914 | $8,648,406 |
| Minority Interests | $-149,599 | $-182,365 |
| Tax Provision | $4,304,662 | $3,404,337 |
| Gain On Sale Of Ppe | $-8,644 | $-972 |
| Gain On Sale Of Security | $-497,634 | $505,218 |
| Other Taxes | $990,157 | $867,823 |
| Research And Development | $6,673,841 | $6,063,325 |
| Selling General And Administration | $23,744,928 | $13,831,195 |
| Other Gand A | $7,820,985 | $4,979,115 |
| Rent And Landing Fees | $2,850,288 | $918,957 |
| Salaries And Wages | $12,493,905 | $7,627,956 |
Fetched: 2026-05-15
Balance Sheet (Annual)
| Metric | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Assets | |||
| Net Tangible Assets | $50,662,151 | $40,212,313 | $26,678,497 |
| Total Assets | $155,669,716 | $146,329,454 | $100,054,286 |
| Total Non Current Assets | $63,192,012 | $56,783,850 | $33,960,552 |
| Other Non Current Assets | $14,096,952 | $11,775,189 | $7,324,280 |
| Non Current Deferred Assets | $8,028,205 | $4,927,188 | $2,648,120 |
| Non Current Deferred Taxes Assets | $6,550,530 | $4,378,288 | $2,648,120 |
| Goodwill And Other Intangible Assets | $2,841,816 | $1,818,018 | $1,930,921 |
| Other Intangible Assets | $1,318,012 | $559,053 | $671,956 |
| Current Assets | $92,477,704 | $89,545,604 | $66,093,734 |
| Other Current Assets | $6,622,686 | $9,213,263 | $4,443,775 |
| Inventory | $120,400 | $309,751 | $31,415 |
| Receivables | $33,123,310 | $31,164,273 | $34,931,945 |
| Other Receivables | $21,336,573 | $12,800,209 | $23,222,307 |
| Taxes Receivable | $31,396 | $2,196,345 | $27,033 |
| Accounts Receivable | $11,755,341 | $16,167,719 | $11,682,605 |
| Cash Cash Equivalents And Short Term Investments | $52,611,309 | $48,858,318 | $26,686,599 |
| Cash And Cash Equivalents | $52,611,309 | $48,858,318 | $26,686,599 |
| Gross Accounts Receivable | - | $16,167,719 | $11,682,605 |
| Debt | |||
| Total Debt | $60,343,591 | $64,804,430 | $41,406,651 |
| Long Term Debt And Capital Lease Obligation | $34,686,178 | $47,695,484 | $27,075,352 |
| Long Term Debt | $16,339,497 | $27,219,129 | $20,576,939 |
| Current Debt And Capital Lease Obligation | $25,657,413 | $17,108,946 | $14,331,299 |
| Current Debt | $17,974,725 | $11,491,929 | $10,167,293 |
| Other Current Borrowings | $12,878,989 | $11,491,929 | $8,765,965 |
| Net Debt | - | - | $4,057,633 |
| Liabilities | |||
| Total Liabilities Net Minority Interest | $100,809,863 | $103,126,862 | $70,422,753 |
| Total Non Current Liabilities Net Minority Interest | $44,986,036 | $56,505,954 | $34,756,053 |
| Other Non Current Liabilities | $4,319,101 | $4,204,001 | $3,892,193 |
| Non Current Deferred Liabilities | $5,980,757 | $4,606,469 | $3,788,508 |
| Non Current Deferred Taxes Liabilities | $391,818 | $0 | - |
| Current Liabilities | $55,823,826 | $46,620,908 | $35,666,700 |
| Current Deferred Liabilities | $8,982,846 | $4,509,949 | $4,244,754 |
| Payables And Accrued Expenses | $21,183,567 | $25,002,012 | $17,090,646 |
| Payables | $12,333,344 | $16,391,021 | $12,451,189 |
| Total Tax Payable | $3,378,626 | $5,873,485 | $2,876,097 |
| Accounts Payable | $8,954,718 | $10,517,535 | $9,575,092 |
| Equity | |||
| Common Stock Equity | $53,503,967 | $42,030,331 | $28,609,417 |
| Total Equity Gross Minority Interest | $54,859,853 | $43,202,593 | $29,631,533 |
| Stockholders Equity | $53,503,967 | $42,030,331 | $28,609,417 |
| Gains Losses Not Affecting Retained Earnings | $754,640 | $444,106 | $441,654 |
| Other Equity Adjustments | $754,640 | $444,106 | $441,654 |
| Retained Earnings | $43,460,793 | $35,288,660 | $26,833,509 |
| Preferred Securities Outside Stock Equity | - | $455,431 | $434,985 |
| Other | |||
| Ordinary Shares Number | $375,759 | $375,759 | $375,759 |
| Share Issued | $375,759 | $375,759 | $375,759 |
| Tangible Book Value | $50,662,151 | $40,212,313 | $26,678,497 |
| Invested Capital | $87,818,188 | $80,741,389 | $59,353,649 |
| Working Capital | $36,653,877 | $42,924,697 | $30,427,035 |
| Capital Lease Obligations | $26,029,370 | $26,093,372 | $10,662,420 |
| Total Capitalization | $69,843,463 | $69,249,460 | $49,186,356 |
| Minority Interest | $1,355,886 | $1,172,261 | $1,022,115 |
| Treasury Stock | $2,615,915 | $3,115,539 | $7,511,325 |
| Additional Paid In Capital | $6,355,676 | $5,900,232 | $5,353,153 |
| Capital Stock | $5,548,772 | $3,512,873 | $3,492,426 |
| Common Stock | $5,548,772 | $3,512,873 | $3,492,426 |
| Non Current Deferred Revenue | $5,588,940 | $4,606,469 | $3,788,508 |
| Long Term Capital Lease Obligation | $18,346,682 | $20,476,355 | $6,498,414 |
| Current Deferred Revenue | $8,982,846 | $4,509,949 | $4,244,754 |
| Current Capital Lease Obligation | $7,682,688 | $5,617,017 | $4,164,006 |
| Line Of Credit | $5,095,736 | $0 | $1,401,327 |
| Current Accrued Expenses | $8,850,223 | $8,610,991 | $4,639,457 |
| Investments And Advances | $2,019,185 | $1,399,092 | $1,678,414 |
| Goodwill | $1,523,803 | $1,258,965 | $1,258,965 |
| Net PPE | $36,205,854 | $36,864,363 | $20,378,816 |
| Accumulated Depreciation | $-10,432,061 | $-9,276,475 | $-7,156,566 |
| Gross PPE | $46,637,915 | $46,140,838 | $27,535,383 |
| Leases | $8,621,240 | $8,735,015 | $6,107,787 |
| Other Properties | $31,875,294 | $31,261,570 | $15,304,355 |
| Machinery Furniture Equipment | $307,088 | $334,535 | $313,522 |
| Buildings And Improvements | $3,952,081 | $3,927,507 | $3,927,507 |
| Land And Improvements | $1,882,212 | $1,882,212 | $1,882,212 |
| Properties | $0 | $0 | $0 |
Fetched: 2026-10-26
Cash Flow Statement (Annual)
| Metric | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Free Cash Flow | |||
| Free Cash Flow | $11,357,236 | $10,163,076 | $1,322,382 |
| Operating Activities | |||
| Operating Cash Flow | $13,213,607 | $14,199,517 | $2,567,315 |
| Cash Flow From Continuing Operating Activities | $13,213,607 | $14,199,517 | $2,567,315 |
| Operating Gains Losses | $-6,956 | $8,726 | $981 |
| Investing Activities | |||
| Capital Expenditure | $-1,856,370 | $-4,036,441 | $-1,244,933 |
| Investing Cash Flow | $-5,061,359 | $-4,032,568 | $-1,394,970 |
| Cash Flow From Continuing Investing Activities | $-5,061,359 | $-4,032,568 | $-1,394,970 |
| Financing Activities | |||
| Repurchase Of Capital Stock | $0 | $0 | $-16,679,561 |
| Issuance Of Capital Stock | $955,068 | $4,942,864 | $10,723,339 |
| Financing Cash Flow | $-4,754,678 | $12,008,873 | $248,156 |
| Cash Flow From Continuing Financing Activities | $-4,754,678 | $12,008,873 | $248,156 |
| Net Other Financing Charges | $-906,837 | $-548,900 | - |
| Net Common Stock Issuance | $955,068 | $4,942,864 | $-5,956,221 |
| Common Stock Issuance | $955,068 | $4,942,864 | $10,723,339 |
| Other | |||
| Repayment Of Debt | $-12,446,514 | $-13,150,216 | $-27,554,874 |
| Issuance Of Debt | $7,643,604 | $20,765,124 | $33,759,251 |
| Interest Paid Supplemental Data | $456,693 | $340,771 | $233,964 |
| Income Tax Paid Supplemental Data | $6,909,563 | $5,202,511 | $4,313,025 |
| End Cash Position | $52,611,309 | $48,858,318 | $26,686,599 |
| Beginning Cash Position | $48,858,318 | $26,686,599 | $25,019,325 |
| Effect Of Exchange Rate Changes | $355,421 | $-4,102 | $246,774 |
| Changes In Cash | $3,397,569 | $22,175,821 | $1,420,500 |
| Common Stock Payments | $0 | $0 | $-16,679,561 |
| Net Issuance Payments Of Debt | $-4,802,910 | $7,614,909 | $6,204,377 |
| Net Long Term Debt Issuance | $-4,802,910 | $7,614,909 | $6,204,377 |
| Long Term Debt Payments | $-12,446,514 | $-13,150,216 | $-27,554,874 |
| Long Term Debt Issuance | $7,643,604 | $20,765,124 | $33,759,251 |
| Net Investment Purchase And Sale | $-1,913,907 | $-3,185 | $-151,655 |
| Sale Of Investment | $0 | $0 | $166,828 |
| Purchase Of Investment | $-1,913,907 | $-3,185 | $-318,484 |
| Net Business Purchase And Sale | $-1,305,782 | $0 | $0 |
| Purchase Of Business | $-1,305,782 | $0 | $0 |
| Net Intangibles Purchase And Sale | $-144,668 | $-246,570 | $-93,691 |
| Purchase Of Intangibles | $-144,668 | $-246,570 | $-93,691 |
| Net PPE Purchase And Sale | $-1,697,001 | $-3,782,813 | $-1,149,624 |
| Sale Of PPE | $14,701 | $7,058 | $1,618 |
| Purchase Of PPE | $-1,711,702 | $-3,789,871 | $-1,151,241 |
| Change In Working Capital | $-5,916,716 | $-1,725,060 | $-11,699,135 |
| Change In Other Working Capital | $5,455,368 | $1,083,156 | $1,329,828 |
| Change In Other Current Liabilities | $-6,954,004 | $-4,490,872 | $-4,195,160 |
| Change In Payables And Accrued Expense | $-4,095,953 | $7,417,296 | $-1,924,003 |
| Change In Accrued Expense | $-38,275 | $3,477,464 | $-3,118,705 |
| Change In Payable | $-4,057,677 | $3,939,832 | $1,194,702 |
| Change In Account Payable | $-1,562,818 | $942,444 | $938,259 |
| Change In Tax Payable | $-2,494,860 | $2,997,388 | $256,443 |
| Change In Income Tax Payable | $-2,494,860 | $2,997,388 | $256,443 |
| Change In Prepaid Assets | $458,680 | $-9,223,976 | $-2,214,639 |
| Change In Inventory | $-6,121 | $-278,335 | $-14,599 |
| Change In Receivables | $-774,686 | $3,767,673 | $-4,680,561 |
| Changes In Account Receivables | $5,596,730 | $-4,485,114 | $7,757,946 |
| Other Non Cash Items | $-680,313 | - | - |
| Unrealized Gain Loss On Investment Securities | $714,040 | $282,508 | $-453,298 |
| Provisionand Write Offof Assets | $195,472 | $0 | $0 |
| Asset Impairment Charge | $579,774 | $0 | $0 |
| Deferred Tax | $-2,085,838 | $-1,730,149 | $-1,044,422 |
| Deferred Income Tax | $-2,085,838 | $-1,730,149 | $-1,044,422 |
| Depreciation Amortization Depletion | $10,098,494 | $8,736,875 | $6,848,605 |
| Depreciation And Amortization | $10,098,494 | $8,736,875 | $6,848,605 |
| Depreciation | $10,098,494 | $8,736,875 | $6,848,605 |
| Gain Loss On Sale Of PPE | $-6,956 | $8,726 | $981 |
| Net Income From Continuing Operations | $10,315,649 | $8,626,616 | $8,914,582 |
Fetched: 2026-10-26