GlobeNewswire·Nov 10, 2026, 8:03 AM ET

Micware Co., Ltd. Announces First Half of Fiscal Year 2027 Financial Results

MWC

Micware Co., Ltd. reported unaudited financial results for the six months ended August 31, 2026, with revenue of JPY10,612.7 million (US$66.4 million), an increase of 3.4% year-over-year.
Gross profit reached JPY3,847.9 million (US$24.1 million), up 19.5% from the prior period, while the gross profit margin improved by 4.9 percentage points to 36.3%.
Operating profit was JPY788.7 million (US$4.9 million), a slight increase of 0.5%, though net income declined to JPY612.9 million (US$3.8 million) due to a one-time non-cash share-based compensation expense of JPY292.3 million.
Adjusted operating profit increased by 33.4% to JPY1,100.5 million (US$6.9 million) after excluding IPO-related expenses and share-based compensation.
Revenue from software development services rose 4.1% to JPY8,395.3 million, driven by SDV segment growth and taxi dispatch system customization.
Revenue from licensing grew 3.6% to JPY1,520.4 million, supported by higher location-based service revenue from newly launched vehicle models.
Research and development expenses surged 59.7% to JPY829.2 million, reflecting accelerated investment in the DynaPlanet platform.
The Company completed its IPO on the Nasdaq Global Market on May 15, 2026, issuing 3,277,500 ADSs for net proceeds of approximately JPY3,781.0 million.
Cash and cash equivalents increased to JPY10.6 billion as of August 31, 2026, compared to JPY8.3 billion at the start of the fiscal period.
Basic earnings per share were JPY10.68, down from JPY12.55 in the prior year period, while diluted earnings per share were JPY9.81.
The Company announced English and Japanese earnings calls scheduled for November 10 and 11, 2026, respectively, with pre-registration required for attendance.

Company: MICWARE CO., LTD.
Keywords: Nasdaq:MWC, MICWARE CO., LTD.