Routine investor event filing with no new catalysts; the stock is unlikely to react. Monitor for actual platform contract wins (micAuto-PF OEM signature) or quarterly earnings for signs of revenue acceleration.
Price Chart
Executive Summary
Micware filed a 6-K furnishing an investor presentation for upcoming roadshow and conferences, reiterating FY2026 results (revenue $140.3M, flat YoY in USD) and long-term growth targets for its micAuto-PF and DynaPlanet platforms. No new material financial information or guidance was provided.
Key Facts
- FY2026 revenue $140.3M (flat YoY in USD); gross margin 36.8% (record high, +1.8ppts); net income $10.3M (up 17% YoY).
- Cash and cash equivalents $52.9M as of Feb 28, 2026, plus ~$23.9M IPO net proceeds received in May 2026.
- No OEM has signed a contract for the micAuto-PF platform product itself; current year revenue target of JPY 19.0bn relies on existing OEM consulting.
- DynaPlanet commercialization has begun (PreSpot app) but large-scale B2B/B2G/OEM deployments remain early stage.
- Management targets: FY2027 micAuto-PF JPY 19.0bn, DynaPlanet JPY 3.5bn; FY2030 JPY 31.5bn and JPY 10.5bn respectively.
Financial Impact
No new financial data beyond previously reported FY2026 results. Revenue growth essentially flat; margin expansion modest.
Risk Factors
- Revenue growth stagnation in core automotive software services.
- Heavy customer concentration (78.3% top 3 customers, led by Honda and Toyota).
- Long-term growth platforms (micAuto-PF, DynaPlanet) unproven at scale.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001829126-26-009933 |
| Document: micware_6k.htm | 0001829126-26-009933 |
| Document: micware_ex99-1.htm | 0001829126-26-009933 |
| Document: 0001829126-26-009933-index-headers.html | 0001829126-26-009933 |
| Document: 0001829126-26-009933-index.html | 0001829126-26-009933 |
| Document: 0001829126-26-009933.txt | 0001829126-26-009933 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 24, 2026 4w ago | 6-K | $1.75 | awaiting T+60 | — | $1.51 (−13.43%) |
Sep 15, 2026 6w ago | Press Release | $1.97 | awaiting T+60 | — | $1.51 (−23.10%) |
Sep 9, 2026 6w ago | 6-K | $1.41 | awaiting T+60 | — | $1.51 (+7.45%) |
Sep 3, 2026 7w ago | 6-K | $1.40 | awaiting T+60 | — | $1.51 (+8.21%) |
Aug 7, 2026 11w ago | 6-K | $1.41 | awaiting T+60 | — | $1.51 (+7.45%) |
Aug 7, 2026 11w ago | Press Release | $1.41 | awaiting T+60 | — | $1.51 (+7.45%) |
Aug 6, 2026 11w ago | Press Release | $1.49 | awaiting T+60 | — | $1.51 (+1.68%) |
Jul 10, 2026 15w ago | 6-K | $3.36 $1.57 | ▼ −53.42% | ▼ −56.06% | $1.51 (−54.91%) |
Jun 30, 2026 17w ago | 6-K | $3.75 $1.75 | ▼ −53.33% | ▼ −56.21% | $1.51 (−59.60%) |
Jun 30, 2026 17w ago | 20-F | $3.75 $1.75 | ▼ −53.33% | ▼ −56.21% | $1.51 (−59.60%) |
US Market Status
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