Micware attributes gross margin improvement to higher-value SDV projects
MWC•Micware said gross margin rose to 36.3% from 31.4% in the six months ended August 31, 2026, as revenue increased 3.4% to JPY 10.61 billion. Shareholder net income fell 11.8% to JPY 619.98 million.
1. Revenue and margins
Micware's management attributed the gross margin increase to a shift toward a more profitable successor vehicle-development project. Revenue rose 3.4% to JPY 10.61 billion, driven by higher-value automotive software development work for an existing customer.
2. Earnings factors
Operating profit rose 0.5%, as IPO-related compensation charges weighed on earnings and DynaPlanet development spending increased. Management said the absence of a JPY 106.8 million bargain-purchase gain in the prior year primarily drove the decline in other income.
