Micware Co., Ltd. (MWC)

NASDAQ: MWC · Real-Time Price · USD

1.170

+0.050 (4.46%)

At close: Nov 9, 2026, 4:00 PM EST

1.245

+0.075 (6.42%)

Pre-market: Nov 10, 2026, 6:10 AM EST

Micware Financials Overview

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Revenue & Profits

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	21,896	21,896	21,119	17,517	13,859	10,408
Revenue Growth	0.20%	3.68%	20.57%	26.39%	33.16%	19.06%
Gross Profit	8,050	8,050	7,389	5,323	4,295	2,698
Operating Income	2,364	2,364	2,160	1,892	1,001	608.16
Net Income	1,603	1,603	1,331	1,371	371.45	372.84
Earnings Per Share	28.58	28.58	25.49	25.84	-	-
EPS Growth	15.88%	12.12%	-1.35%	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024
Period Ending	Feb '26 Feb 28, 2026	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024
Software Defined Vehicles (SDV)	16,026	16,026	15,397	11,382
Location-Based Services (LBS)	7,120	7,120	6,844	6,047
Other	5,187	5,187	4,062	601.13
Elimination of Intersegment	-6,437	-6,437	-5,183	-513.78
Total	21,896	21,896	21,119	17,517

Cash & Debt

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Cash & Investments	8,260	8,260	7,670	4,190	3,077	828.55
Total Debt	9,631	9,631	10,282	6,638	3,765	1,961
Net Cash (Debt)	-1,371	-1,371	-2,611	-2,448	-687.91	-1,132
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-24.46	-24.46	-50.03	-46.16	-	-

Cash Flow & CapEx

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Operating Cash Flow	2,074	2,074	2,229	403.05	-	-
Capital Expenditures	-268.73	-268.73	-594.99	-180.74	-	-
Free Cash Flow	1,806	1,806	1,634	222.32	-	-
Free Cash Flow Growth	3.12%	10.49%	635.11%	-	-	-

Margins

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Gross Margin	36.77%	36.77%	34.99%	30.39%	30.99%	25.92%
Operating Margin	10.80%	10.80%	10.23%	10.80%	7.22%	5.84%
Pretax Margin	10.61%	10.61%	9.64%	11.07%	5.58%	5.87%
Profit Margin	7.32%	7.32%	6.30%	7.83%	2.68%	3.58%
FCF Margin	8.25%	8.25%	7.74%	1.27%	-	-