Micware Co. (MWC) financial statements

Consumer Cyclical · Auto Parts · Market cap $428M

Micware Co. reported revenue of 21.9B JPY in fiscal 2026, up 11.8% a year over 2 years.

Net income was 1.6B JPY and the operating margin 10.8%, against 10.8% in 2024.

Free cash flow was 1.8B JPY.

The diluted share count rose 6% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (JPY).

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<p style="font-size:13px">Source: <a href="https://investingly.io/stocks/MWC/financials">Micware Co. financials</a> on Investingly</p>

Income statement

Fiscal years, in JPY, from Micware Co.'s 10-K filings with the SEC.

Fiscal year	2024	2025	2026
Revenue	17.5B JPY	21.1B JPY	21.9B JPY
Cost of revenue	12.2B JPY	13.7B JPY	13.8B JPY
Gross profit	5.3B JPY	7.4B JPY	8.0B JPY
Research and development	961M JPY	1.1B JPY	1.5B JPY
Selling, general and admin	2.5B JPY	4.2B JPY	4.1B JPY
Operating income	1.9B JPY	2.2B JPY	2.4B JPY
Interest expense	36M JPY	52M JPY	50M JPY
Pre-tax income	1.9B JPY	2.0B JPY	2.3B JPY
Income tax	540M JPY	682M JPY	703M JPY
Net income	1.4B JPY	1.3B JPY	1.6B JPY
EPS (diluted)	25.84 JPY	25.49 JPY	28.58 JPY
Diluted shares	53M	52M	56M
Gross margin	30.4%	35.0%	36.8%
Operating margin	10.8%	10.2%	10.8%
Net margin	7.8%	6.3%	7.3%

Balance sheet

Fiscal years, in JPY, from Micware Co.'s 10-K filings with the SEC.

Fiscal year	2024	2025	2026
Cash and short-term investments	4.2B JPY	7.7B JPY	8.3B JPY
Receivables	—	1.5B JPY	1.8B JPY
Inventory	—	49M JPY	19M JPY
Total current assets	—	14.1B JPY	14.5B JPY
Property, plant and equipment	—	1.9B JPY	1.8B JPY
Goodwill	—	198M JPY	239M JPY
Total assets	—	23.0B JPY	24.4B JPY
Total current liabilities	—	7.3B JPY	8.8B JPY
Long-term debt	—	4.3B JPY	2.6B JPY
Total liabilities	—	16.2B JPY	15.8B JPY
Shareholders' equity	4.6B JPY	6.5B JPY	8.0B JPY
Net debt	-4.2B JPY	-3.4B JPY	-5.7B JPY

Cash flow

Fiscal years, in JPY, from Micware Co.'s 10-K filings with the SEC.

Fiscal year	2024	2025	2026
Operating cash flow	403M JPY	2.2B JPY	2.1B JPY
Capital spending	181M JPY	595M JPY	269M JPY
Free cash flow	222M JPY	1.6B JPY	1.8B JPY
Net borrowing	1.0B JPY	1.3B JPY	-690M JPY
Free cash flow margin	1.3%	7.7%	8.2%

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Questions

What was Micware Co.'s revenue in 2026?

21.9B JPY in fiscal 2026, from its 10-K filing.

How much free cash flow does Micware Co. generate?

1.8B JPY in fiscal 2026 (operating cash flow minus capital spending).

From Micware Co.'s annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.