Micware Co., Ltd. · NASDAQ:MWC
Micware — FY2026 Earnings Presentation
24 slides from Micware's earnings presentation, Jun 30, 2026
Slide 1: Fiscal Year Ended February 2026 Earnings Presentation
Fisca l Year Ended February 2026 Earnin g s Presentation ع T owar d b e co m ing a P la t form P rovide r ع Mi c war e Co . , L t d . ( Na s d a q : MWC) Ju l y 20 26
Slide 2: Forward-looking statements
T h i s p r e s e n tation c o nt ains f o r w a r d - l o o k in g s tate m ents t h at ref le c t ou r c u rr e n t expectatio n s a n d v ie w s o f f u tu r e e v e nt s , al l o f w hic h a r e sub j ect to r isks a nd u nc e rt a intie s . You c a n identi fy th e s e s ta t e m ents b y t h e
Slide 3: FY2026 Overview
M r . Ke n j i Narus h i m a Re p r e s e n t ati v e D i r e ct o r , Pr e si d e n t , C ha i r m an, F o un d e r , and C h i e f E x ecut iv e O ff i cer F Y2026 Ove r v i ew 3 T h e r e i s n o g u a ra n tee t h a t a n y s pec i f i c o ut co m e w il l b e a c h i e v e d . I nv e s t m e n
Slide 4: FY2026 revenue, adjusted operating profit and net income
$ 1 4 0 .3M Reve n ue ٔ 0 . 1 % Y oY $ 1 5.6M Adju s ted O p er a ti n g Pro f i t 1 +2 . 0 % Y oY $ 1 0.3M Net I n com e 2 +17 . 0 % Y oY R E V E N U E BY S E RVI C E L I N E So ft w a re D e v el op m ent Ser v i ces $112. 3 M So ft w a re - re l ated S e r v i ces $7. 3 M N ote : F Y 202 6 r efe
Slide 5: Micwave at a Glance: FY2026 Key Takeaways
M i cware at a G l a n c e : FY202 6 K ey T a k eaw a ys Su s tai n a b l e Margin Ex p a n s io n D r ivi n g Prof i t G rowth O u r g r o ss m a r gin i mpr ovem e nt of + 1.8 % p t s Y oY to 3 6.8 % , r e s u lt i n g i n r e c o r d - hi gh m a r g in s a n d s u st a i n a bl e p r o f i t a b
Slide 6: Micware at a Glance: Where We Are Headed
M i cwa r e a t a G la n ce: W h e r e We Ar e H eaded D r ivi n g L o n g - T erm Value T h rou gh T ec hn ol o gy a n d Executi on Found ed i n K obe , J a p a n as a s ma l l te a m foc u s ed on de v el o p in g ca r a u di o a nd n a v i gation s y s te ms 2003 ~202 4 2026 Recog n i z ed as o n
Slide 7: Micware at a Glance: DynaPlanet, an Intelligent 3D Platform
D y n a m i c S tre e t M a p a n d M a r ket P la ce ( D S MM ) w il l b e r en a m ed D y n a P la n et as p a r t of o u r o n g o in g s t r a t egic e v o l ution 1 Dyna P lan et i s an in t e ll ig e n t 3D p l at f o r m d esig n ed f or t h e A I e r a. L oc at i o n - b ased m u l t im e di
Slide 8: Micware at a Glance: Business Segments
M i cwa r e a t a G la n ce: Busi n e s s S eg m en t D e v el op m ent a n d s ale of s o ft w a r e s y s te m s de s ign e d for SDV , inc l udin g I V I s y s tem s oft w are a nd ot h er m o b i l i t y - en h a n c i n g s o ft w a r e p rod u cts O t h er P r i m a r il y co m pr ise s s o ft
Slide 9: Allocation of IPO Proceeds
Alloc a tion of I PO Proceed s • A pp r ox i m ately 44 % f o r ou r D y n a P la n et p r oj ect a n d t h e ex p a n s i o n o f m i c Auto - PF , in cl ud in g t h e c o mm erc i al i z a t i o n a n d s cal in g o f D y n a P la n et a n d m i c Auto - PF , s trate gi c inv e s t m en t s to s t
Slide 10: Growth Strategies: Evolve to SDV Tier 1 Software Supplier
Strengt h en a n d d e e p en l o n g - te r m part n e r s h ips w i th OE M s a n d T ier 1 S u p p lie r s T ra n s i t i on to w a r d A d v a n ced Dr i v er A ss i s ta n ce S y s te m s ( A D A S ) / A u to n o m o u s d r i v i n g ( A D ) i n te grati on a n d s of t w a r e p a ckag i n g
Slide 11: Growth Strategies
Grow t h S t ra t egies 1 . Evo lv e f rom a n IVI T i e r 1 S oftw a r e S u ppli e r to SD V T i e r 1 S oftw a r e S u ppli e r Strengt h en a n d d e e p en A cc e le r a te ta l ent Strengt h en b u s i n e s s l o n g - te r m pa rtn e r s h ips a c qu i s i t i o n a n d T ra n s i t i on to
Slide 12: FY2026 Financial Results
M r . T a k uma S eg a wa C h i e f F i nanc i al O ff i cer F Y2026 F i n a ncial Re s u l ts 12 T h e r e i s n o g u a ra n tee t h a t a n y s pec i f i c o ut co m e w il l b e a c h i e v e d . I nv e s t m e n ts m a y b e s pec u la t iv e, illi q ui d a n d t h e r e i s a r i s k o f l o s
Slide 13: Dynamic Share Map and recent milestones
D yn a mic S hare M a p D e c 2025 M ar 2026 M ay 2026 J u n e 2026 Li s ted o n the Na s daq G lo b a l Mar k e t , r a i s in g $22 . 8 milli o n g r o s s p r o c eeds R e c eived H onda ' s " E x cellent Ap p reciatio n Awar d (D evelo p me n t D ivi s ion ) " T h e Unde r w r ite r o f the I P
Slide 14: FY2026 Financial Highlights
1 1 6 . 9 1 4 0 . 2 1 4 0 . 3 F Y 2 0 2 4 A u di ted U SD /J P Y r at e F Y 2 0 2 5 A u di ted U SD /J P Y r at e F Y 2 0 2 6 A u di ted U SD /J P Y r at e Re v e n ue N ote : FY2024 r e f e r s t o t he f is c a l ye a r en d ed Feb r u a r y 29, 2024; FY2025 r e f e r s t o t he f is c a l ye a r
Slide 15: Revenue Breakdown
Reve n ue Bre a kd ow n 1 F Y 202 4 A u di ted F Y 202 5 A u di ted F Y 202 6 A u di ted U SD /J P Y r at e $1= ¥ 15 6 .05 So ft w a r e D e v el op m ent S e r v i ces So ft w a re - re l ated S e r v i ces L i cen s i n g Design an d d eli very o f c u s t om a u t o m o t iv e s o f tw a r e ba s
Slide 16: Gross Profit Trend
G ro s s P r of i t T re nd Gr o s s m argin e x p an de d f r o m 35 . 0% i n FY2025 to 36 . 8% i n FY2026, d r i v e n b y c o s t of r e v en u e i n cr e a s i n g at a lower r a t e than r even ue. T his r e f l e c ted a mo r e f avo r a b l e p r oje c t a c tiv it y mix, i n cl udi n g a h i
Slide 17: Operating profit trend
Al l USD e q u i va l ents ar e b a s ed o n the ex c h a n g e ra tes a s o f the r e s p e c ti v e b a l a n c e s heet da te s , o r if n o t ava i l a b l e, the m o s t r e c ent ava i l a b l e ra te pr i o r to su c h da te s , a s r e p o r ted b y the United S t a tes Fed e ra l Re s e rv
Slide 18: FY2026 Financial Highlights: Net Income
F Y2026 F i n a ncial Highlights Net i n come a tt r i b ut a b le to t h e C om p a n y ’ s Or d i n a ry Sh a r e h o l d e r s grew + 20 . 4% Y o Y on a J PY b a s is Net I n come T re n d N e t in co m e a tt r i b ut a b l e t o the C o m p a n y ’s o r d in a r y s h a r eh ol de r s in c r ea
Slide 19: Balance Sheet
B al a n ce S h e e t A s of F eb r u ar y 28 , 202 5 Ca s h a n d ca s h e q uiv a l ent s i n c r e a s e d, s u pp o rt e d by s t r o n g o p e r ati n g ca s h fl ow g e n e r a tio n . T h e c o m p a n y m aintai n e d a s o lid l i q u id i t y p o s i t i o n, p r o vi di n g f l e x i b i
Slide 20: Cash Flows
O p e rati n g act ivit i e s O p e r at i n g c a sh f l o w o f $ 1 3 . 3 M w a s dr iv en by s t r ong n e t i n c om e a nd s t r o n ger cu s t o mer c a s h c o l l e c ti o n s f r om s o f tw ar e d evel o p m e n t s e r v ices a n d lice n s in g r eve n u e . I n v e s ti n g activiti e s
Slide 21: Appendix
Ap p endix 21 T h e r e i s n o g u a ra n tee t h a t a n y s pec i f i c o ut co m e w il l b e a c h i e v e d . I nv e s t m e n ts m a y b e s pec u la t iv e, illi q ui d a n d t h e r e i s a r i s k o f l o ss . P as t in f o r m a t i on i s n ot in d i c a t iv e of f utu r e r e s u l t s
Slide 22: Non-GAAP Reconciliation: Adjusted Operating Profit
No n - GAAP Rec on c i l ia t i o n: Adj u s t ed O p era t i n g Pr o f i t A dju s te d inco m e fr om o p e r a tio n s is a f ina n ci al m e as u r e t h at is n ot ca l c u l a ted in acc o rd a nc e w it h U . S . G ene r a l l y A cc e pted A c c ou n ting P r inc i p l e s (“ G AAP ” ) (c o
Slide 23: Micware Asia Pacific, key customers and global operations
N ote: (1) As of Ap r i l 27, 2026. (2) App r o x i m a te e m p l o y ee h e ad co un t a s of Jun e 11, 2026 M ic w are A s i a P aci f i c Co. , L t d. T h ai l a n d K ey C u s to m ers • To y ota Motor C o r p o ra t io n ho l ds >10% o f the eq uit y inte r e s ts i n Micware . • H onda Motor
Slide 24: Contact
M icw a r e C o., L t d . E m a il: m ic _ i r @ m ic w a r e . co . j p A ddre s s : 25 t h Flo or Kobe A s a h i Building , 5 9 Nani w a - mac hi, C hu o - ku Kobe, H y o g o, J a p an 6 5 0 - 0035 W eb s i t e : www . ir - m i c wa r e . com C o n t a ct 24 T h e r e i s n o g u a ra n tee t h a