Micware Co., Ltd. (MWC) Balance Sheet

NASDAQ: MWCAssets, liabilities, debt and equity over 3 years.

MWC balance sheet, FY2026

February 28, 2026 · Japanese yen

¥24.44B assets = ¥15.83B liabilities + ¥8.61B equity

What it owns¥24.44BCash & ST investments: ¥8.26B (33.8%)Cash & ST investments¥8.26B · 34%Receivables: ¥1.85B (7.6%)Receivables ¥1.85BInventory: ¥18.9M (0.1%)Other current: ¥4.39B (18.0%)Other current¥4.39B · 18%PP&E: ¥5.68B (23.3%)PP&E¥5.68B · 23%Goodwill & intangibles: ¥446.1M (1.8%)LT investments: ¥317.0M (1.3%)Other non-current: ¥3.47B (14.2%)Other non-current¥3.47B · 14%=How it is financed¥24.44BCurrent liabilities: ¥8.76B (35.9%)Current liabilities¥8.76B · 36%Long-term debt: ¥2.57B (10.5%)Long-term debt ¥2.57BOther LT liabilities: ¥4.50B (18.4%)Other LT liabilities¥4.50B · 18%Shareholders’ equity: ¥8.61B (35.2%)Shareholders’ equity¥8.61B · 35%

Both columns are drawn to the same scale: what MWC owns equals what it owes plus shareholders’ equity. Hover a block for its value.

MWC financial health

Current ratio1.66
Comfortable · current assets cover current liabilities 1.66×
Debt / equity0.31
Low leverage · ¥0.31 of debt for each $1 of equity
Equity / assets34.4%
Balanced · of assets funded by shareholders
Cash / debt322.0%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles1.8%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

MWC balance sheet trends, FY2024–FY2026

MetricTrendThenLatestChange
Total assets¥15.71BFY2024¥24.44BFY2026+24.7%/yr
Total liabilities¥11.06BFY2024¥15.83BFY2026+19.6%/yr
Shareholders’ equity¥4.49BFY2024¥8.40BFY2026+36.8%/yr
Cash & short-term investments¥4.19BFY2024¥8.26BFY2026+40.4%/yr
Total debt¥3.23BFY2024¥2.57BFY2026−10.9%/yr
Net cash (debt)¥959.2MFY2024¥5.69BFY2026+¥4.7B
Working capital¥4.78BFY2024¥5.75BFY2026+¥977.6M
Current ratio1.85FY20241.66FY2026−0.20
Debt / equity0.72FY20240.31FY2026−0.41
Shares outstanding59.0MFY202459.0MFY20260.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

MWC assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

MWC liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

MWC debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

MWC balance sheet in Japanese yen

FY2026FY2025FY2024
Assets
Cash & short-term investments¥8.26B¥7.67B¥4.19B
Cash & equivalents¥8.26B¥7.67B¥4.19B
Receivables¥1.85B¥2.54B¥1.83B
Inventory¥18.9M¥48.6M¥4.9M
Other current assets¥4.39B¥3.80B¥4.35B
Total current assets¥14.52B¥14.06B¥10.38B
Property, plant & equipment (net)¥5.68B¥5.79B¥3.20B
Goodwill & intangible assets¥446.1M¥285.4M¥303.1M
Long-term investments¥317.0M¥219.6M¥263.5M
Other non-current assets¥3.47B¥2.62B¥1.57B
Total assets¥24.44B¥22.97B¥15.71B
Liabilities
Accounts payable¥1.41B¥1.65B¥1.50B
Total current liabilities¥8.76B¥7.32B¥5.60B
Long-term debt¥2.57B¥4.27B¥3.23B
Lease obligations¥4.09B¥4.10B¥1.67B
Other long-term liabilities¥4.50B¥4.60B¥2.23B
Total liabilities¥15.83B¥16.19B¥11.06B
Shareholders' equity
Retained earnings (deficit)¥6.82B¥5.54B¥4.21B
Minority interest¥212.9M¥184.0M¥160.5M
Total shareholders' equity¥8.40B¥6.60B¥4.49B
Key figures
Total debt¥2.57B¥4.27B¥3.23B
Net cash (debt)¥5.69B¥3.40B¥959.2M
Working capital¥5.75B¥6.74B¥4.78B
Tangible book value¥7.95B¥6.31B¥4.19B
Shares outstanding59.0M59.0M59.0M
Current ratio1.661.921.85
Quick ratio1.151.391.08
Debt / equity0.310.650.72
Equity / assets34.4%28.7%28.6%

Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported (latest annual report filed —); data from EODHD.

MWC financial position

At the end of fiscal 2026 (February 28, 2026), Micware Co., Ltd. had total assets of ¥24.4 billion (up 6.4% from a year earlier), total liabilities of ¥15.8 billion and shareholders' equity of ¥8.4 billion. It held ¥8.3 billion in cash and short-term investments against ¥2.6 billion of debt, a net cash position of ¥5.7 billion. Its current ratio was 1.66.

Related: MWC income statement, MWC cash flow statement, MWC key metrics. See the MWC stock overview for the latest quote and news.

MWC balance sheet FAQ

What are Micware Co., Ltd.'s total assets?

Micware Co., Ltd. reported total assets of ¥24.4 billion at the end of fiscal 2026 (February 28, 2026), compared with ¥23.0 billion a year earlier.

How much debt does Micware Co., Ltd. have?

Micware Co., Ltd. had ¥2.6 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.31.

How much cash does Micware Co., Ltd. have?

Micware Co., Ltd. held ¥8.3 billion in cash and short-term investments at the end of fiscal 2026; with ¥2.6 billion of debt that is net cash of ¥5.7 billion.

What is Micware Co., Ltd.'s book value?

Micware Co., Ltd.'s shareholders' equity (book value) was ¥8.4 billion at the end of fiscal 2026.

What is Micware Co., Ltd.'s current ratio?

Micware Co., Ltd. had current assets of ¥14.5 billion and current liabilities of ¥8.8 billion, a current ratio of 1.66 (it can cover its short-term obligations).

How much goodwill does Micware Co., Ltd. have?

Micware Co., Ltd. carried ¥446.1 million of goodwill and intangible assets, 1.8% of total assets, at the end of fiscal 2026.

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