Micware Co., Ltd.
MWC Nasdaq· Services-Computer Programming Services
Last close · Oct 26, 2026
$1.39
KIRA · Stoqly’s AI analyst, in plain words
- Micware Co., Ltd. had $146M of revenue in fiscal 2026, up 5.4% on the year before.
- Its operating margin was 10.8%, up 0.6 pts: of every 100 in sales, about 11 is left after running the business.
- Micware Co., Ltd. made $10.7M of net profit in fiscal 2026. From fiscal 2024 to 2026, diluted EPS grew 2.8% a year.
- Free cash flow was $12.0M in fiscal 2026, 8.2% of revenue.
- Micware Co., Ltd. has $17.4M more cash than debt.
Market cap
$77.7M
P/E
7.3x
Revenue
$146M
Net income
$10.7M
Free cash flow
$12.0M
Operating margin
10.8%
Micware Co., Ltd. in 30 seconds · fiscal 2026
Are sales growing?
+5.4%
Yes. Sales grew 5.4% last year.
Does it make a profit?
7.3%
A little. It keeps 7.3% of every sale as profit.
Does profit turn into cash?
8.2%
Partly. 8.2% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
7.3x
One share costs 7.3 times its yearly profit per share.
What Micware Co., Ltd. does
No business description yet.
- Fiscal year ends
- February 28, 2026
- Latest annual report
- 20-F · Jun 30, 2026
- Legal name
- Micware Co., Ltd.
- CIK
- 0002083526
Micware Co., Ltd. · MWC
Results and finances
The last 3 fiscal years. Amounts in USD.
| Fiscal year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Sales and profit | |||
| Revenue | $122M | $138M | $146M |
| Revenue growth | — | 13.2% | 5.4% |
| Net interest income | −$0.3M | −$0.3M | −$0.3M |
| Gross margin | 30.4% | 35.0% | 36.8% |
| Operating margin | 10.8% | 10.2% | 10.8% |
| Net income | $9.6M | $8.7M | $10.7M |
| Net margin | 7.8% | 6.3% | 7.3% |
| Diluted EPS | $0.18 | $0.17 | $0.19 |
| Cash | |||
| Cash from operations | $2.8M | $14.6M | $13.8M |
| Capital expenditure | $1.3M | $3.9M | $1.8M |
| Free cash flow | $1.6M | $10.7M | $12.0M |
| FCF margin | 1.3% | 7.7% | 8.2% |
| Share count change | — | −1.6% | 7.4% |
| Debt and strength | |||
| Cash and short-term investments | $27.9M | $50.9M | $53.0M |
| Debt incl. finance leases | — | $29.1M | $35.5M |
| Shareholders' equity | $30.5M | $43.3M | $51.3M |
| Net debt / EBITDA | — | −1.3x | −0.9x |
| Current ratio | — | 1.9x | 1.7x |
| Interest coverage | 52.0x | 41.3x | 47.8x |
| Returns and quality | |||
| Return on capital | — | 45.4% | 33.4% |
| Return on equity | 31.4% | 23.6% | 22.6% |
| Return on tangible equity | 32.0% | 21.5% | 22.3% |
| Piotroski F-score | — | — | 6 |
| Altman Z'' | — | 3.8 | 3.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Micware Co., Ltd. · MWC
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.39 a share, the company is worth $77.7M: 7.3 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0002083526). Data updated October 24, 2026. Filed in JPY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.