Micware Co

Software
Micware Co., Ltd., headquartered in Kobe, Japan, is a specialized software development firm focusing on embedded systems and application software. Since its inception in 2003, the company has become a key player in the automotive technology sector, providing critical software components for car navigation systems, in-vehicle infotainment (IVI) platforms, and mobile-to-vehicle integration. The company's business model revolves around the development and licensing of sophisticated software engines and middleware. Their flagship products include navigation software that supports high-definition mapping and real-time data processing, as well as display audio solutions that facilitate seamless smartphone connectivity. Micware serves a diverse client base consisting of major automotive manufacturers and Tier 1 suppliers, helping them navigate the transition toward connected and software-defined vehicles. Beyond automotive applications, Micware is involved in developing location-based services and various mobile applications, leveraging its expertise in UI/UX design and system integration. Under the leadership of President and CEO Kenji Narushima, the company has sought to expand its international footprint, culminating in its pursuit of a public listing on the NASDAQ exchange to support global growth and technological innovation in the rapidly evolving mobility sector.

$111.1M

Market Cap • 9/18/2026

NASDAQ

Listing Exchange

Flag of Japan

Japan

Country

Valuation

P/B

2,2

P/S

0,8

P/EBITDA

6,2

P/OCF

8,4

P/FCF

9,6

P/E

10,4

BVPS

0,9

EPS

0,2

Market Cap

Market Cap

111,1M

EV

122,7M

EV/Revenue

0,9

EV/EBITDA

6,9

EV/EBIT

8,1

Payout

Dividend Per Share

0

Dividend Yield

0%

Buyback Yield

-0,9%

Total Yield

-0,9%

Payout

0%

Retained Earnings

43,7M

Profitability

Gross Margin

36,8%

EBITDA Margin

12,8%

EBIT Margin

10,8%

Net Margin

7,4%

D&A/EBITDA

0%

R&D/Revenue

7%

Capex/Revenue

1,2%

Capex/D&A

62,6%

Capex/OCF

13%

SBC/OCF

% PPE

23,3%

% Goodwill

1%

ROE

20,7%

ROIC

12,7%

Leverage

N.D./EBITDA

0,4

Debt/Equity

0%

Current Ratio

1,7

Quick Ratio

1,5

Interest Coverage

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