Micware Co Ltd ADR Dossier
Financial Snapshot
Revenue, profitability, returns, debt, and capital allocation
Revenue $140.3M0.0% YoYTTM through 28 Feb 2026
Net Income $10.3M0.0% YoYTTM through 28 Feb 2026
Free Cash Flow $11.6MTTM through 28 Feb 2026
Margins
| Current | |
|---|---|
| Gross Margin | 36.8% |
| EBITDA Margin | 12.8% |
| Operating Margin | 10.8% |
| Net Margin | 7.3% |
Returns
20.0%ROE
6.6%ROA
51.5%ROIC
Balance Sheet Health
Debt / Equity0.42x
Current Ratio1.66x
Net Debt-$31.4Mnet cash position
Cash & Equivalents$52.9M
Quality Metrics
Altman Z-Score2.54
FCF Margin8.2%
Multi-Year Trend
RevenueFY2026: $21.9B
Diluted EPS$0.18TTMFY2026: $28.58
Dividend
No dividend
Capital Allocation
R&D Spend$9.8M
Capex Intensity1.2%
Segment Performance
| Segment | Revenue | YoY | Outlook |
|---|---|---|---|
| Software Defined Vehicles (SDV) | $102.7M | View detailsStrategic focus on evolving from IVI to SDV Tier 1 supplier, expanding platform businesses like micAuto-PF | |
| Location-Based Services (LBS) | $45.6M | View detailsCommercialization of DynaPlanet expected in FY 2027 with 70% of growth investment allocated to LBS |
Financials converted at 155.8590 from JPY.
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