Micware Co., Ltd. (MWC) Key Metrics
MWC key metrics, FY2024–FY2026
Fiscal year ended February 28, 2026 · Japanese yenMWC returns How much profit the business earns on the capital it uses.
MWC financial health Debt, liquidity and how easily interest is covered.
MWC efficiency & capital use Working capital cycle and where the cash goes.
MWC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MWC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MWC cash returned to shareholders
MWC key metrics in Japanese yen
FY2024–FY2026| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Returns & profitability | |||
| Return on equity (ROE) | 21.4% | 24.0% | 30.5% |
| Return on invested capital (ROIC) | 63.2% | 50.7% | 42.3% |
| Return on assets (ROA) | 6.8% | 6.9% | 8.7% |
| Return on tangible assets | 6.7% | 5.9% | 8.9% |
| Free cash flow margin | 8.1% | 7.6% | 1.2% |
| Income quality (OCF / net income) | 1.29 | 1.68 | 0.29 |
| Financial health | |||
| Total debt | ¥2.57B | ¥4.27B | ¥3.23B |
| Cash & short-term investments | ¥8.26B | ¥7.67B | ¥4.19B |
| Net debt | −¥5.69B | −¥3.40B | −¥959.2M |
| Debt / equity | 0.31 | 0.65 | 0.72 |
| Debt / assets | 0.10 | 0.19 | 0.21 |
| Net debt / EBITDA | −1.44 | −0.98 | −0.31 |
| Current ratio | 1.66 | 1.92 | 1.85 |
| Quick ratio | 1.65 | 1.91 | 1.85 |
| Interest coverage | 55.3 | 43.6 | 51.2 |
| Working capital | ¥5.75B | ¥6.74B | ¥4.78B |
| Invested capital | ¥2.71B | ¥3.20B | ¥3.53B |
| Tangible asset value | ¥8.17B | ¥6.50B | ¥4.35B |
| Net current asset value | −¥1.31B | −¥2.13B | −¥679.6M |
| Capital allocation | |||
| Share buybacks (net) | ¥0 | ¥0 | ¥2.62B |
| Dividends + buybacks / free cash flow | 0.0% | 0.0% | — |
| Capex / revenue | 1.3% | 3.0% | 1.1% |
| Capex / operating cash flow | 14.0% | 28.4% | 48.5% |
| Capex / depreciation | 0.18 | 0.46 | 0.18 |
| R&D / revenue | 7.0% | 5.0% | 5.5% |
| SG&A / revenue | 16.9% | 17.8% | 12.5% |
| Efficiency | |||
| Days sales outstanding | 36.5 | 37.8 | 38.2 |
| Days of inventory on hand | 0.9 | 0.7 | 0.1 |
| Days payables outstanding | 40.3 | 41.9 | 45.0 |
| Cash conversion cycle (days) | -2.9 | -3.4 | -6.6 |
| Receivables turnover | 9.99 | 9.66 | 9.55 |
| Payables turnover | 9.06 | 8.71 | 8.11 |
| Inventory turnover | 410.06 | 512.68 | 2,472.31 |
| Asset turnover | 0.92 | 1.09 | 1.12 |
| Average receivables | ¥2.19B | ¥2.19B | ¥1.83B |
| Average payables | ¥1.53B | ¥1.58B | ¥1.50B |
| Average inventory | ¥33.8M | ¥26.8M | ¥4.9M |
| Intangibles / total assets | 1.8% | 1.2% | 1.9% |
Computed from MWC's annual financial statements (latest annual report filed —) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Japanese yen; data from EODHD. Averages use the opening and closing balance of each year.
MWC valuation and financial ratios
Micware Co., Ltd. earned a return on equity of 21.4% and a return on invested capital of 63.2% in fiscal 2026. It ended the year with ¥2.6 billion of debt and ¥8.3 billion in cash and short-term investments, a net cash position of ¥5.7 billion.
See the MWC income statement, the MWC chart for price history, or the MWC stock overview for the latest quote and news.
MWC key metrics FAQ
What is Micware Co., Ltd.'s return on equity?
Micware Co., Ltd.'s return on equity (ROE) was 21.4% in fiscal 2026: net income of ¥1.6 billion on average shareholders' equity of ¥7.5 billion.
What is Micware Co., Ltd.'s ROIC?
Micware Co., Ltd.'s return on invested capital was 63.2% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Micware Co., Ltd. have?
Micware Co., Ltd. had total debt of ¥2.6 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.31 and more cash than debt.
What is Micware Co., Ltd.'s current ratio?
Micware Co., Ltd.'s current ratio was 1.66 at the end of fiscal 2026: current assets were 1.66 times current liabilities.