OakChart

Micware Co Ltd ADR

MWCConsumer Cyclical·Auto Parts·Japan·Micro·NASD·Nov 11 • 12:38 PM ET

1.32-0.00 (-0.12%)
2026-11-11 18:38 CET
Market cap
78.43 USD m
Revenue, TTM
143.25 USD m
Net income, TTM
9.81 USD m
Free cash flow, TTM
4.60 USD m
EPS diluted, TTM
0.17
P/E
7.89
Compare

Price

MWC against its 20 and 50-day averages
2050
0.005.0010.0019.8M39.5MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MWCclose 1.3220-day 1.4550-day 1.571.3252w high

90.6% under the 52-week high of 13.95 on 20 May 2026. 52-week low 0.78 on 21 Jul 2026. Last 15 sessions, 62.0% high to low

Profile

MWC
52-week range, 4% of the way up
0.7813.95

Micware Co. Ltd. engages in software development services and innovative IT solutions mainly focused on the automotive and mobility sectors. It operates through the following segments: Software Defined Vehicles (SDV), Location-Based Services (LBS), and Others. The SDV segment relates to the development and sale of software systems designed for SDV, including IVI system software and other mobility-enhancing software products, conducted by its Japanese subsidiaries. The LBS segment covers the development and licensing of in-vehicle navigation software systems, and other geographic data-based services for business-to-business customers, mainly serving end users. The Other segment comprises software development services conducted by overseas subsidiaries designed for SDV, and business-to-consumer mobile app services unrelated to in-vehicle navigation. The company was founded by Kenji Narishima in March 2003 and is headquartered in Kobe, Japan.

Employees483
IPOMay 14, 2026
ATR, 14d0.17
Rel volume0.34
Inst own0.47%

Snapshot

6 groups

Valuation

Index-
Market Cap78.34M
Enterprise Value53.95M
Income9.81M
Sales143.25M
Book/sh1.41
Cash/sh1.12
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees483
IPOMay 14, 2026

Ratios

P/E7.89
Forward P/E-
PEG-
P/S0.55
P/B0.93
P/C1.18
P/FCF17.03
EV/EBITDA2.11
EV/Sales0.38
Quick Ratio2.30
Current Ratio2.34
Debt/Eq0.54
LT Debt/Eq0.33
Option/ShortNo / Yes

Earnings

EPS (ttm)0.17
EPS next Y-
EPS next Q-
EPS this Y-
EPS next Y-
EPS next 5Y-
EPS past 3/5Y9.32% -
Sales past 3/5Y10.29% -
EPS Y/Y TTM25.79%
Sales Y/Y TTM-1.78%
EPS Q/Q-23.80%
Sales Q/Q-4.12%
EarningsNov 10 AMC
EPS/Sales Surpr.- -

Ownership

Insider Own-
Insider Trans-
Inst Own0.47%
Inst Trans3.21%
ROA6.17%
ROE15.10%
ROIC9.34%
Gross Margin42.11%
Oper. Margin10.70%
Profit Margin6.85%
SMA20-8.80%
SMA50-16.24%
SMA200-50.06%
Trades-

Technical

Shs Outstand55.83M
Shs Float-
Short Float-
Short Ratio1.07
Short Interest0.22M
52W High13.95 -90.55%
52W Low0.78 69.03%
Volatility18.83% 12.18%
ATR (14)0.17
RSI (14)44.16
Beta-
Rel Volume0.34
Avg Volume201.75K
Volume34,414

Performance

Perf Week-9.70%
Perf Month-18.62%
Perf Quarter-6.83%
Perf Half Y-
Perf YTD-83.72%
Perf Year-
Perf 3Y-
Perf 5Y-
Perf 10Y-
Recom-
Target Price-
Prev Close1.32
Price1.32
Change %-0.12%

Peers

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News

latest 14 of 54
  • Micware Co., Ltd. Announces First Half of Fiscal Year 2027 Financial Results (GlobeNewswire) +12.82%
  • Micware Expands North American Presence with Relocation of U.S. Office in Dublin, Ohio (GlobeNewswire)
  • Micware Co., Ltd. to Report First Half of Fiscal Year 2027 Financial Results (GlobeNewswire)
  • Micware and ESRI Japan Enter into a Business Alliance Agreement to Build Dynamic Space (GlobeNewswire) +7.65%
  • Micware Announces Participation in Upcoming Investor Events (GlobeNewswire)
  • Loading…
  • MulticoreWare and Micware Sign MOU to Explore Potential Collaboration in ADAS Performance Optimization and Physical AI at the Edge (GlobeNewswire)
  • Micware Launches Growth Strategy Connecting Mobility and Digital Spaces with AI at its Core (GlobeNewswire)
  • Micware Group Reorganization Finalized (GlobeNewswire)
  • Micware Co., Ltd. Featured in Los Angeles Times (GlobeNewswire)
  • Micware Presents Research Results at the International Conference "IEEE IV 2026" (GlobeNewswire)
  • Sidoti Events, LLC's August Micro-Cap Virtual Conference (ACCESSWIRE) +10.61%
  • Vissel Kobe and Micware Announce Joint Venture Utilizing "PreSpot," an Indoor Digital Twin Experience Service for Stadiums (GlobeNewswire)
  • Micware Co., Ltd. Announces New Equity Research Report from Alphaterra Advisory (GlobeNewswire) -5.37%

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
No quarterly earnings.

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
No annual earnings.

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
No estimate revisions.

Estimate history

EPS, annual0.1610.1480.192
Period202320242025
EPS, quarterly
Period
Sales, annual121.28138.541147.535
Period202320242025
Sales, quarterly
Period
Shares, annual58.99258.99256.142
Period202320242025
Shares, quarterly
Period

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY
Total Revenue143.25147.54138.54121.28
Cost of Goods Sold Incl. D&A82.9295.1390.0784.42
Gross Profit60.3352.4048.4736.86
Selling, General and Administrative Excl. Other39.6336.4734.3023.75
Research and Development11.9010.356.946.65
Other Operating Expense-0.000.000.00
Operating Income15.3315.9314.1713.10
Interest Expense0.240.290.320.26
Unusual Expense1.141.370.29-0.49
Net Income Before Taxes14.3215.6513.3613.43
Income Taxes4.484.744.483.74
Consolidated Net Income9.8410.918.889.69
Net Income From Continuing Operations9.8110.808.739.49
Net Income9.8110.808.739.49
EPS (Recurring)-0.210.150.16
EPS (Basic, Before Extraordinaries)0.170.190.150.16
EPS (Diluted)0.170.190.150.16
EBITDA25.5526.6123.1720.55
Non-Operating Income (Expense)0.371.38-0.200.09
Other After Tax Adjustments-0.000.000.00
Price To Earnings Ratio7.097.09--
Price To Sales Ratio0.64---
Gross Margin42.1135.5234.9930.39
Operating Margin10.7010.8010.2310.80
Net Margin6.857.326.307.82
Shares Outstanding55.8356.1458.9958.99
Market Capitalization78.4378.43--

Income statement, quarterly

Currency USD, millions
Metric2026S12025S22025S12024S22024S1
Total Revenue66.9076.3569.7776.0862.61
Cost of Goods Sold Incl. D&A42.6445.6447.8747.6542.51
Gross Profit24.2630.7121.9028.4320.10
Selling, General and Administrative Excl. Other19.2820.3516.5621.0213.32
Research and Development5.236.683.534.202.74
Other Operating Expense-0.000.000.000.00
Operating Income4.9710.365.347.416.77
Interest Expense0.080.160.130.170.15
Unusual Expense-0.221.36-0.030.270.02
Net Income Before Taxes4.979.366.107.106.28
Income Taxes1.103.381.282.931.55
Consolidated Net Income3.865.984.824.164.73
Net Income From Continuing Operations3.915.904.784.164.58
Net Income3.915.904.784.164.58
EPS (Recurring)-0.120.080.070.08
EPS (Basic, Before Extraordinaries)0.070.110.080.070.08
EPS (Diluted)0.060.110.080.070.08
EBITDA10.0115.7310.5612.7010.50
Non-Operating Income (Expense)-0.140.510.860.12-0.32
Price To Earnings Ratio7.097.62---
Price To Sales Ratio0.64----
Gross Margin36.2640.2231.3937.3732.10
Operating Margin7.4313.577.659.7410.82
Net Margin5.847.736.855.477.31
Shares Outstanding55.8356.1458.9958.9958.99
Market Capitalization78.4384.38---

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY
Cash & Short Term Investments52.9850.9727.76
Short Term Receivables33.3532.5136.34
Inventories0.120.320.03
Other Current Assets6.679.614.62
Total Current Assets93.1293.4268.76
Net Property, Plant & Equipment36.4638.4621.20
Total Investments and Advances2.031.461.75
Intangible Assets2.861.902.01
Deferred Tax Assets28.7315.948.99
Other Assets15.6812.867.62
Total Assets178.89164.04110.32
Short Term Debt Incl. Current Port. of LT Debt26.2318.1815.26
Accounts Payable9.0210.979.96
Other Current Liabilities20.9619.4911.89
Total Current Liabilities56.2148.6437.11
Long Term Debt35.5450.1528.73
Provision for Risks Charges0.000.000.00
Deferred Tax Liabilities22.5311.376.23
Other Liabilities9.368.817.43
Total Liabilities123.65118.9679.49
Non-Equity Reserves0.000.000.00
Preferred Stock - Carrying Value0.000.480.45
Common Equity53.8843.3729.31
Total Shareholders Equity53.8843.8529.76
Accumulated Minority Interest1.371.221.06
Total Equity55.2445.0730.83
Total Liabilities & Stockholders Equity178.89164.04110.32
Book Value Per Share0.960.740.50
Tangible Book Value Per Share0.910.700.46
Full-Time Employees483--
Price to Book Ratio1.38--
Return on Assets6.306.36-
Return on Equity22.1023.72-
Return on Invested Capital12.089.2916.22
Quick Ratio1.651.911.85
Current Ratio1.661.921.85

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY
Net Income9.6710.918.889.69
Depreciation10.2110.689.007.44
Other Funds (Non Cash)3.210.850.30-0.49
Funds from Operations21.2120.2416.4015.51
Extraordinary Item-0.000.000.00
Changes in Working Capital-14.52-6.26-1.78-12.72
Cash from Operating Activities6.6913.9814.622.79
Capital Expenditures-2.46-1.96-4.16-1.35
Net Assets From Acquisitions0.000.000.000.00
Sale of Fixed Assets and Businesses0.010.020.010.00
Purchase or Sale of Investments-0.61-2.02-0.00-0.16
Purchase of Investments-0.61-2.02-0.00-0.35
Sale Or Maturity of Investments0.000.000.000.18
Other Uses--1.380.000.00
Other Sources-0.000.000.00
Cash from Investing Activities-3.01-5.35-4.15-1.52
Cash Dividends Paid-0.000.000.00
Change in Capital Stock22.210.054.53-6.47
Repurchase of Common Pref Stock-0.000.00-18.13
Sale of Common Pref Stock22.210.054.5311.66
Proceedsfrom Stock Options22.210.054.5311.66
Issuance or Reduction of Debt, Net-18.72-5.088.207.08
Change in Long Term Debt-0.64-0.430.000.00
Issuance of Long Term Debt-0.000.000.00
Reduction of Long Term Debt-0.64-0.430.000.00
Net Financing Active Other Cash Flow-2.230.000.000.00
Other Financing Activities Uses-2.230.000.000.00
Cash from Financing Activities7.60-5.0312.370.27
Exchange Rate Effect0.500.38-0.000.27
Net Change in Cash11.783.9722.831.81
Free Cash Flow4.6012.1710.721.54
Preferred Dividends (Cash Flow)-0.000.000.00
Price to Free Cash Flow19.92---
Deferred Taxes & Investment Tax Credit--2.21-1.78-1.14

Balance sheet, quarterly

Currency USD, millions
Metric2026S12025S22025S12024S22024S1
Cash & Short Term Investments66.6352.9859.5050.97-
Short Term Receivables22.6533.3523.8232.51-
Inventories1.620.120.570.32-
Other Current Assets6.616.677.129.61-
Total Current Assets97.5193.1291.0093.42-
Net Property, Plant & Equipment31.1236.4642.1938.46-
Total Investments and Advances2.212.032.911.46-
Intangible Assets2.902.863.031.90-
Deferred Tax Assets8.4728.737.0515.94-
Other Assets13.8715.6815.7412.86-
Total Assets156.08178.89161.91164.04-
Short Term Debt Incl. Current Port. of LT Debt16.1226.2322.9818.18-
Accounts Payable5.929.0210.2210.97-
Income Tax Payable3.13----
Other Current Liabilities16.4620.9620.6519.49-
Total Current Liabilities41.6256.2153.8448.64-
Long Term Debt26.1335.5445.0750.15-
Deferred Tax Liabilities0.4322.530.4211.37-
Other Liabilities9.029.3610.178.81-
Total Liabilities77.20123.65109.50118.96-
Non-Equity Reserves-0.000.000.00-
Preferred Stock - Carrying Value0.000.000.760.48-
Common Equity78.8853.8850.3643.37-
Total Shareholders Equity78.8853.8851.1243.85-
Accumulated Minority Interest0.001.371.291.22-
Total Equity78.8855.2452.4145.07-
Total Liabilities & Stockholders Equity156.08178.89161.91164.04-
Book Value Per Share1.410.960.850.74-
Tangible Book Value Per Share1.360.910.800.70-
Price to Book Ratio1.381.48---
Return on Assets6.176.23---
Return on Equity15.1021.87---
Return on Invested Capital3.726.604.974.43-
Quick Ratio2.301.651.681.91-
Current Ratio2.341.661.691.92-

Cash flow, quarterly

Currency USD, millions
Metric2026S12025S22025S12024S22024S1
Net Income3.865.814.824.164.73
Depreciation5.035.185.225.283.72
Other Funds (Non Cash)1.631.58-0.760.270.03
Funds from Operations8.5712.647.079.077.34
Extraordinary Item-0.000.000.000.00
Changes in Working Capital0.18-14.708.60-9.137.35
Cash from Operating Activities8.75-2.0615.67-0.0714.70
Capital Expenditures-0.78-1.68-0.23-3.62-0.54
Net Assets From Acquisitions0.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.010.00-0.000.01
Purchase or Sale of Investments0.00-0.61-1.36-0.000.00
Purchase of Investments0.00-0.61-1.36-0.000.00
Sale Or Maturity of Investments0.000.000.000.000.00
Other Uses-0.05-1.390.000.00
Other Sources-0.000.000.000.00
Cash from Investing Activities-0.78-2.23-2.98-3.62-0.54
Cash Dividends Paid-0.000.000.000.00
Preferred Dividends (Cash Flow)-0.000.000.000.00
Change in Capital Stock22.62-0.410.463.940.59
Repurchase of Common Pref Stock-0.000.000.000.00
Sale of Common Pref Stock22.62-0.410.463.940.59
Proceedsfrom Stock Options22.62-0.410.463.940.59
Issuance or Reduction of Debt, Net-13.771.17-6.12-1.589.79
Change in Long Term Debt-0.22-0.420.000.000.00
Issuance of Long Term Debt-0.000.000.000.00
Reduction of Long Term Debt-0.22-0.420.000.000.00
Net Financing Active Other Cash Flow-2.230.000.000.000.00
Other Financing Activities Uses-2.230.000.000.000.00
Cash from Financing Activities6.620.97-5.872.1710.20
Exchange Rate Effect0.070.43-0.060.12-0.13
Net Change in Cash14.67-2.896.75-1.3924.24
Free Cash Flow8.20-3.5915.44-3.4314.16
Price to Free Cash Flow19.92----

Revenue breakdown

Services-Computer Programming Services2024: 138.45M 2025: 146.06M
Japan2024: 138.45M 2025: 146.06M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-30-0.2M-205.84K
2026-10-15-0.1M-437.34K
2026-09-30-0.0M-423.97K
2026-09-15-0.2M-424.44K
2026-08-31-0.0M-406.17K
2026-08-14-0.0M-1.10M
2026-07-31-0.1M-1.23M
2026-07-15-0.1M-1.18M
2026-06-30-0.1M-1.53M
2026-06-15-0.0M-2.18M
2026-05-29-0.2M-4.22M
2026-05-15-0.0M-516.09K

Option chain

expiry 2026-11-11
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
No option chain for this symbol.

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-31SEC
2026-09-246-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-24SEC
2026-09-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-09SEC
2026-09-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-03SEC
2026-08-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-07SEC
2026-08-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-05SEC
2026-08-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-05SEC
2026-08-03SCHEDULE 13GSEC
2026-07-303/A2026-05-29SEC
2026-07-29SCHEDULE 13GSEC
2026-07-28SCHEDULE 13GSEC
2026-07-28SCHEDULE 13GSEC
2026-07-28SCHEDULE 13GSEC
2026-07-28SCHEDULE 13GSEC
2026-07-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-10SEC
2026-06-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-06-3020-FRegistration statement under Section 12 of the Securities Exchange Act of 1934 or an annual or transition report filed under Section 13(a) or 15(d) of the Exchange Act for a foreign private issuer.2026-02-28SEC
2026-06-086-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-08SEC
2026-06-053Initial statement of beneficial ownership of securities2026-05-29SEC
2026-05-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-27SEC
2026-05-196-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-18SEC
2026-05-18SCHEDULE 13GSEC
2026-05-156-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-15SEC
2026-05-15424B4SEC
2026-05-13EFFECTEffectiveness filing by commission orderSEC
2026-05-13F-1MEFA new registration statement filed under Rule 462(b) to add securities to a prior related effective registration statement filed on Form F-1SEC
2026-05-133Initial statement of beneficial ownership of securities2026-05-13SEC
2026-05-133Initial statement of beneficial ownership of securities2026-05-13SEC
2026-05-133Initial statement of beneficial ownership of securities2026-05-13SEC
2026-05-133Initial statement of beneficial ownership of securities2026-05-13SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
CITADEL ADVISORS LLC0.28%
UBS Group AG0.12%
Weiss Asset Management LP0.06%
MILLENNIUM MANAGEMENT LLC0.05%
NISA INVESTMENT ADVISORS, LLC0.00%

Funds

Fund% owned
Avantis Emerging Markets Equity ETF11.88%
Avantis Emerging Markets ex-China Equity ETF0.30%
Avantis Emerging Markets Small Cap Equity ETF0.29%
Avantis Emerging Markets Equity Fund0.23%
Avantis Responsible Emerging Markets Equity ETF0.10%

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