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Annual figures as reported in 10-K / 20-F / 40-F filings.
MWC · CIK 0002083526

Micware Co., Ltd.

Annual figures as reported, FY2023–FY2026. Ratios and growth rates derived on-page.

MWC logo
Services-Computer Programming Services
Company profile
Nasdaq · MWCHQ KobeIncorporated in M0Fiscal year ends Feb 28Non-accelerated filer Emerging growth companyReports in JPY
Revenue
¥21.9B
▲ +3.7% vs FY2025
Net income
¥1.6B
▲ +20.4% vs FY2025
Free cash flow
¥1.8B
▲ +10.5% vs FY2025
Diluted EPS
¥28.58
▲ +12.1% vs FY2025

Revenue

Annual, as reported

010B20B’24’25’26¥21.9B

Net income

Annual, as reported

0500M1B1.5B’24’25’26¥1.6B

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

0%10%20%30%’24’25’26
Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

0%10%20%’24’25’26
Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

0500M1B1.5B’24’25’26¥1.8B

Operating cash flow

Net cash from operations

01B2B’24’25’26¥2.1B

Shareholder returns

capital allocation

Diluted shares outstanding

Falling count means buybacks outpace dilution

020M40M’24’25’2656M

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

02.5B5B7.5B’23’24’25’26¥8.0B

Net debt

Long-term debt less cash — negative means net cash

−3B−2B−1B0’25’26−¥3.7B

Key ratios

derived per fiscal year
Fiscal yearGross marginOp. marginNet marginFCF marginROEROACurrent ratioDebt / equity
FY202636.8%10.8%7.3%8.2%20.0%6.6%1.66×0.57×
FY202535.0%10.2%6.3%7.7%20.4%5.8%1.92×0.65×
FY202430.4%10.8%7.8%1.3%29.9%———
FY2023————————

Annual figures

as reported
Fiscal yearRevenueGross profitOp. incomeNet incomeDiluted EPSOp. cash flowCapexTotal assetsLiabilitiesEquityCashLT debt
FY2026¥21.9B¥8.0B¥2.4B¥1.6B¥28.58¥2.1B¥268.7M¥24.4B¥15.8B¥8.0B¥8.3B¥4.6B
FY2025¥21.1B¥7.4B¥2.2B¥1.3B¥25.49¥2.2B¥595.0M¥23.0B¥16.2B¥6.5B¥7.7B¥4.3B
FY2024¥17.5B¥5.3B¥1.9B¥1.4B¥25.84¥403.1M¥180.7M——¥4.6B¥4.2B—
FY2023—————————¥4.1B¥3.9B—

Latest filings

the most recent regulatory filings
6-KForeign issuer report2026-06-30 ↗20-FAnnual report (foreign issuer)2026-06-30 ↗6-KForeign issuer report2026-06-08 ↗3Insider ownership filing2026-06-05 ↗6-KForeign issuer report2026-05-27 ↗6-KForeign issuer report2026-05-19 ↗SCHEDULE 13GSEC filing2026-05-18 ↗6-KForeign issuer report2026-05-15 ↗424B4Prospectus2026-05-15 ↗EFFECTSEC filing2026-05-13 ↗

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