Micware Co (MWC) Emerging Growth Conference summary

Business overview and market position

• Focuses on automotive and mobility software, including in-vehicle infotainment, navigation, and location-based services.

• Major customers and shareholders include Toyota and Honda, with long-term OEM relationships.

• Operates through six entities and 13 branches in Japan, with subsidiaries in the US, Thailand, and Germany.

• Employs about 600 people and holds over 300 patents.

• Revenue is primarily from custom automotive software, licensing, and maintenance.

Financial performance and highlights

• Revenue grew 19.9% from $116.9M in FY2024 to $140.2M in FY2025, remaining stable in FY2026.

• Gross profit rose from $35.5M in FY2024 to $51.6M in FY2026, with gross margin reaching 36.8%.

• Adjusted operating profit increased to $15.6M in FY2026; net income rose to $10.3M.

• Cash and cash equivalents nearly doubled since FY2024; total debt decreased to $34.5M by Feb 2026.

• R&D spending increased by 40% while maintaining profitability.

Strategic direction and growth initiatives

• Transitioning from automotive software supplier to platform provider for next-gen mobility.

• Two main pillars: expanding micAuto automotive software platform and launching DynaPlanet spatial intelligence platform.

• New organizational structure and company (Micware Spacia) to launch in September 2026, focusing on spatial intelligence.

• 30% of capital allocated to SDV business, 70% to LBS/DynaPlanet for growth and recurring revenue.

• DynaPlanet aims to monetize 3D spatial data, targeting B2B, government, and consumer markets.