Micware Co., Ltd. (MWC) Income Statement

NASDAQ: MWCRevenue, profits, margins and EPS over 3 years.

MWC FY2026 at a glance

Fiscal year ended February 28, 2026 · Japanese yen
Revenue+3.7%
¥21.90B
FY2026 · hover or tap a bar for each year
FY2024: ¥17.52BFY2025: ¥21.12B (+20.6%)FY2026: ¥21.90B (+3.7%)
FY2024FY2026
Gross profit+8.9%
¥8.05B
FY2026 · hover or tap a bar for each year
FY2024: ¥5.32BFY2025: ¥7.39B (+38.8%)FY2026: ¥8.05B (+8.9%)
FY2024FY2026
Operating income+9.4%
¥2.36B
FY2026 · hover or tap a bar for each year
FY2024: ¥1.89BFY2025: ¥2.16B (+14.2%)FY2026: ¥2.36B (+9.4%)
FY2024FY2026
Net income+20.4%
¥1.60B
FY2026 · hover or tap a bar for each year
FY2024: ¥1.37BFY2025: ¥1.33B (−2.9%)FY2026: ¥1.60B (+20.4%)
FY2024FY2026
Net profit margin+1.0 pts
7.3%
FY2026 · hover or tap a point for each year
FY2024: 7.8%FY2025: 6.3% (−1.5 pts)FY2026: 7.3% (+1.0 pts)
FY2024FY2026

MWC revenue and net income

RevenueNet incomeNet margin (right axis)

Where MWC's revenue goes

FY2026
Revenue
¥21.90B100.0%
Cost of revenue
−¥13.85B−63.2%
Gross profit
¥8.05B36.8%
Research & development
−¥1.54B−7.0%
Sales, general & admin
−¥3.69B−16.9%
Other operating expenses
−¥14.30B−65.3%
Operating income
¥2.36B10.8%
Net income
¥1.60B7.3%

Each bar shows an amount and its share of revenue. MWC kept 7.3% of revenue as net income.

MWC profit margins

GrossOperatingNet

MWC growth rates

to FY2026
1 year3 years5 years10 years
Revenue+3.7%———
Gross profit+8.9%———
Operating income+9.4%———
Net income+20.4%———

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

MWC income statement in Japanese yen

Micware Co., Ltd. annual income statement
FY2026FY2025FY2024
Revenue¥21.90B¥21.12B¥17.52B
Cost of revenue¥13.85B¥13.73B¥12.19B
Gross profit¥8.05B¥7.39B¥5.32B
Research & development¥1.54B¥1.06B¥960.9M
Sales, general & admin¥3.69B¥3.76B¥2.19B
Total operating expenses¥19.53B¥18.96B¥15.62B
Operating income¥2.36B¥2.16B¥1.89B
Interest expense¥42.8M¥49.5M¥37.0M
Income before taxes¥2.32B¥2.04B¥1.94B
Net income¥1.60B¥1.33B¥1.37B
EBITDA¥3.95B¥3.46B¥3.05B
Gross margin36.8%35.0%30.4%
Operating margin10.8%10.2%10.8%
Net margin7.3%6.3%7.8%

Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported in MWC's financial statements (latest annual report filed —); data from EODHD. Sales, general & administrative expenses include sales and marketing.

MWC financial results

In fiscal year 2026 (ended February 28, 2026), Micware Co., Ltd. reported revenue of ¥21.9 billion, up 3.7% from the year before. It had net income of ¥1.6 billion (up 20.4%), a net profit margin of 7.3%. Figures are in Japanese yen, the currency of its financial statements.

See the MWC stock overview for the latest quote and news, or the MWC chart for price history and technical indicators.

MWC income statement FAQ

What is Micware Co., Ltd.'s annual revenue?

Micware Co., Ltd. reported total revenue of ¥21.9 billion for fiscal year 2026, which ended on February 28, 2026. That was up 3.7% from ¥21.1 billion the previous year.

Is Micware Co., Ltd. profitable?

Yes. Micware Co., Ltd. reported net income of ¥1.6 billion in fiscal 2026, a net profit margin of 7.3%; its operating margin was 10.8%.

What is Micware Co., Ltd.'s gross margin?

Micware Co., Ltd.'s gross margin was 36.8% in fiscal 2026: for every $100 of revenue, Micware Co., Ltd. kept $37 after the direct cost of its products and services.

How much does Micware Co., Ltd. spend on research and development?

Micware Co., Ltd. spent ¥1.5 billion on research and development in fiscal 2026, 7.0% of revenue.

When does Micware Co., Ltd.'s fiscal year end?

Micware Co., Ltd.'s fiscal year ends in February. The latest annual report covers the year ended February 28, 2026.

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