Micware Co (MWC) Investor presentation summary

Offering summary

• Initial public offering of 2,150,000 ADSs (up to 2,472,500 with over-allotment) at $7.00–$9.00 per ADS, targeting $17.2–$19.78 million in gross proceeds.

• Use of proceeds: 44% for DSMM and micAuto-PF expansion, 36% for general corporate purposes, 12% for SDV/LBS strategic investments, 8% for marketing.

• Nasdaq Global Market listing under ticker MWC.

Company overview and structure

• Founded in 2003, specializes in automotive software, IVI systems, navigation, and mobility solutions for OEMs.

• Operates 6 entities and 12 branches in Japan, with subsidiaries in the US, Thailand, and Germany; over 400 employees and 300+ patents.

• Major customers include Toyota and Honda, each holding over 10% equity.

• Corporate structure includes wholly owned and majority-owned subsidiaries across Japan, US, Thailand, and Germany.

Products, services, and business segments

• Offers Android-based in-vehicle platform software, navigation software (15% Japanese market share), logistics IoT, and B2C apps.

• Business segments: Software Defined Vehicles (SDV), Location-Based Services (LBS), and other software development and B2C services.

• Revenue model includes software development, licensing, and after-sales/B2C services.