NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
Micware Co., Ltd.

Micware Co., Ltd.

MWCNASDAQ
listed
$6.21-23.33% All time

JPY · NASDAQ:MWC

Issue Size

$22.80M

Price Range

$7.00 - $9.00

Shares

58.99M o/s · 2.85M offered

Listing Price

$8.10

Listing date

May 14, 2026

Sector

Technology

About

Micware Co., Ltd.

Micware Co., Ltd. provides software development services and information technology solutions focusing on the automotive and mobility sectors in Japan and internationally. The company operates three segments: Software Defined Vehicles, Location-Based Services, and Others.

Its Software Defined Vehicles segment develops and sells software systems designed for SDV, including IVI system software and other mobility-enhancing software products.

The Location-Based Services segment engages in the development and licensing of in-vehicle navigation software systems, and other geographic data-based services for business-to-business customers.

Micware Co., Ltd. Overview

Ticker, listing venue and issuer profile

TickerMWC
ExchangeNASDAQ
Statuslisted
SectorTechnology
IndustryInformation Technology Services
CurrencyJPY
CIK Code2083526
CUSIP59490A100
ISINUS59490A1007

Offer & Key Dates

Pricing terms and IPO milestones

Price Range$7.00 - $9.00
Offer Price$8.00
Listing Price$8.10
Current Price$6.21
Vs IPO price-22.38%

Change from offer price to today

Shares Offered2.85M
Shares Outstanding58.99M
Offer Size$22.80M
Market Cap$424.74M
Filing Date--
Priced DateMay 14, 2026
Listed DateMay 14, 2026

Live Market Snapshot

Real-time price; headline % change is vs first trade (listing price)

$7.20-23.33% All time

USD · NASDAQ:NASDAQ:MWC

Open$7.08
High$7.21
Low$6.65
Volume145,384
52W High$13.95
52W Low$4.70
Market Cap$404.22M
Enterprise Value--

Valuation & Multiples

Key valuation ratios and metrics

P / E40.4
P / Book7.57
P / Sales2.68
EV / EBITDA--
EPS0.18
Revenue / Share (TTM)2.64
Revenue$149.81M
Net Income$10.34M

Financial Health

Balance sheet strength and liquidity

Total Debt$34.55M
Total Assets$118.79M
Cash$52.98M
Free Cash Flow--
Current Ratio2.05
Quick Ratio2.03
Debt / Equity0.65
CapEx--

Profitability & Returns

Margins and return on capital

Gross Margin39.88%
Operating Margin10.00%
Net Margin6.90%
Return on Equity21.05%
Return on Assets7.24%
ROIC12.49%
EBITDA--
Gross Profit$54.59M

Financial Highlights

Historical financial performance

Historical Data

Market history and supplemental quote data

DateOpenHighLowCloseAdj. CloseChangeVolume
2026-05-29$7.08$7.21$6.65$7.20$7.20+0.12144,400
2026-05-28$6.98$7.70$6.54$7.09$7.09+0.11392,100
2026-05-27$7.22$7.48$6.00$6.02$6.02-1.20367,900
2026-05-26$5.38$8.15$5.30$7.70$7.70+2.322,571,600
2026-05-22$5.83$6.01$4.93$5.28$5.28-0.55700,000
2026-05-21$7.06$7.06$5.79$5.90$5.90-1.161,581,400
2026-05-20$12.02$13.95$7.08$7.15$7.15-4.8739,510,500
2026-05-19$6.14$6.14$4.70$4.72$4.72-1.4232,800
2026-05-18$8.00$8.00$6.10$6.35$6.35-1.65102,100
2026-05-15$8.00$8.09$7.97$8.00$8.000.00275,100
2026-05-14$8.10$10.45$7.79$8.20$8.20+0.10757,000

SEC Filings

Official documents from SEC EDGAR

FormFiling DateDocument
6-KMay 27, 2026Report of foreign issuer
6-KMay 19, 2026Report of foreign issuer
SCHEDULE 13GMay 18, 2026Filing
6-KMay 15, 2026Report of foreign issuer
424B4May 15, 2026Prospectus
EFFECTMay 13, 2026Notice of Effectiveness
F-1MEFMay 13, 2026Filing
CERTMay 13, 2026Certification by an exchange approving securities for listing
FWPMay 11, 2026Free Writing Prospectus
8-A12BMay 8, 2026Registration of securities

Company Info

Contact and headquarters details

HeadquartersJapan
Founded2003
Employees452
Phone81 78 366 5780
AddressKobe Asahi Building, 25th FloorKobe, 650-0035 Japan

Leadership

Key executives and officers

KN

Kenji Narushima

Representative Director, President, Chairman, and Chief Executive Officer.

MS

Masahide Shigeno

Representative Director, Deputy President, Chief Technology Officer, and Member of the Nominating and Compensation Committee

TS

Takuma Segawa

Chief Financial Officer

KK

Kazuyuki Kawabata

Independent Director and Member of the Nominating and Compensation Committee

AS

Asami Sadoi

Independent Director and Member of the Nominating and Compensation Committee

YO

Yuko Osumi

Independent Director and Member of the Nominating and Compensation Committee

RO

Rieko Okada

Independent Director and Member of the Nominating and Compensation Committee

JM

Jerzy Marek Rudzinski

Independent Director

HF

Hiroaki Fujita

Full-time Corporate Auditor

MY

Mitsunori Yabe

Outside Corporate Auditor

Micware Co., Ltd. IPO - FAQs

Micware Co., Ltd. provides software development services and information technology solutions focusing on the automotive and mobility sectors in Japan and internationally. The company operates three segments: Software Defined Vehicles, Location-Based Services, and Others. Its Software Defined Vehicles segment develops and sells software systems designed for SDV, including IVI system software and other mobility-enhancing software products. The Location-Based Services segment engages in the development and licensing of in-vehicle navigation software systems, and other geographic data-based services for business-to-business customers.

IPOScanner Logo

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Scanner. All rights reserved.