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MWC · Nasdaq · United States · Services-Computer Programming Services
In shortMicware Co., Ltd. is profitable, generates cash and holds more cash than debt, with revenue growing (+3.7% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 10.8% | 53/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 7.3% | 49/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 22.1% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 14.5% | 97/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.66× | 71/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.42× | 88/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 47.76× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.64 | 65/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 8.2% | 53/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.13× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 3 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 3 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 2 | 100/100 |
| Revenue growth volatility | 11.9% | 67/100 |
| Operating margin volatility | 0.3% | 100/100 |
Weight in the score: 20%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 3 fiscal years from the company's annual reports.
JPY millions; negative values in parentheses.
| Fiscal year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 17,517 | 21,119 | 21,896 |
| Cost of revenue | 12,193 | 13,730 | 13,846 |
| Gross profit | 5,323 | 7,389 | 8,050 |
| Research & development | 961 | 1,058 | 1,537 |
| Selling, general & admin | 2,470 | 4,171 | 4,149 |
| Operating income | 1,892 | 2,160 | 2,364 |
| Interest expense | 36 | 52 | 50 |
| Pre-tax income | 1,939 | 2,037 | 2,322 |
| Income tax | 540 | 682 | 703 |
| Net income | 1,371 | 1,331 | 1,603 |
| Diluted EPS | ¥25.84 | ¥25.49 | ¥28.58 |
| Diluted shares (millions) | 53 | 52 | 56 |
3.64 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Feb 28, 2026 · Data updated Jun 30, 2026