Micware Co., Ltd. Sets Price for Expanded Initial Public Offering

(SeaPRwire) –   KOBE, Japan, May 13, 2026 — Micware Co., Ltd. (the “Company” or “Micware”), a Japan-based provider of software development services and innovative IT solutions primarily focused on the automotive and mobility sectors, today announced the pricing of its expanded initial public offering (the “Offering”) of 2,850,000 American Depositary Shares (“ADSs”) at a public offering price of US$8.00 per ADS. Each ADS represents one ordinary share of the Company. The ADSs have been approved for listing on the Nasdaq Global Market and are expected to begin trading on May 14, 2026, under the ticker symbol “MWC.” The Company anticipates receiving aggregate gross proceeds of US$22.8 million from the Offering, before deducting underwriting discounts and offering expenses. The Offering is scheduled to close on or around May 15, 2026, subject to the fulfillment of customary closing conditions.

A.G.P./Alliance Global Partners is serving as the sole book-running manager for the Offering.

In addition to the ADSs offered in the Offering, the Company has granted the underwriters an option, exercisable for 45 days, to purchase up to an additional 427,500 ADSs to cover over-allotments, if any, at the public offering price less underwriting discounts.

The proceeds from the Offering will be used for: (i) the Dynamic Street Map & Market Place (“DSMM”) project and the expansion of the Company’s proprietary in-vehicle infotainment (“IVI”) software platform, micAuto-PF; (ii) general corporate purposes; (iii) strategic investments within the Company’s Software Defined Vehicles (SDV) and Location-Based Services (LBS) segments—excluding DSMM and micAuto-PF initiatives—that provide complementary technologies, services, or market access to enhance the Company’s competitive position; and (iv) marketing and advertising.

A registration statement on Form F-1 (File No. 333-294081), as amended, relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on May 13, 2026. Additionally, a registration statement on Form F-1 filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended, was submitted to and became effective with the SEC on May 13, 2026. The Offering is being conducted solely through a prospectus that forms part of the effective registration statements. Electronic copies of the final prospectus related to the Offering may be obtained, when available, from the SEC’s website at www.sec.gov. Copies may also be accessed electronically from A.G.P./Alliance Global Partners, located at 590 Madison Avenue, 28th Floor, New York, NY 10022, via telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

Before investing, you should review the prospectus and other documents the Company has filed or will file with the SEC for more detailed information about the Company and the Offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States without registration or an applicable exemption from registration requirements. No offers, solicitations, or sales of the Company’s securities shall occur in any state or jurisdiction where such activity would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

About Micware Co., Ltd.

Micware Co., Ltd. is a Japan-based company providing software development services and innovative IT solutions, with a primary focus on the automotive and mobility industries. The Company specializes in developing and selling IVI systems encompassing multimedia, navigation, human-machine interface, telematics, and driver assistance, as well as navigation software and location-based smartphone applications.

Since its establishment in 2003, Micware has accumulated over two decades of experience in automotive software and has developed long-standing relationships with major Japanese original equipment manufacturers (“OEMs”), including Honda Motor Co., Ltd. and Toyota Motor Corporation. Leveraging its engineering expertise, proprietary technologies, and established OEM partnerships, the Company was ranked ninth among Japanese Tier 1 suppliers in the IVI market by revenue as of February 28, 2024, according to an industry report titled “IVI, Automotive Navigation System and Digital Mapping Market,” commissioned by the Company and prepared by Frost & Sullivan. Micware operates across Japan through six operating entities and 12 branch offices and maintains subsidiaries in the United States, Thailand, and Germany for its international operations.

For further information, please visit the Company’s investor relations website: www.ir-micware.com.

Forward-Looking Statements

This press release includes certain forward-looking statements, such as those regarding the Company’s proposed Offering and intended use of proceeds. These statements reflect the Company’s current expectations and projections about future events that it believes could affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be successfully completed. Forward-looking statements can often be identified by terms such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or similar expressions. The Company disclaims any obligation to update or revise publicly any forward-looking statements, except as required by law, to reflect subsequent events, circumstances, or changes in expectations. These statements are subject to various uncertainties and risks, including market conditions and other factors detailed in the “Risk Factors” section of the registration statement filed with the SEC. While the Company believes these expectations are reasonable, it cannot guarantee their accuracy. Actual results may differ materially from anticipated outcomes, and investors are encouraged to review all relevant filings with the SEC for additional context. Further details can be found in the Company’s filings with the SEC, which are accessible at www.sec.gov.

For more information, please contact:

Micware Co., Ltd.
Investor Relations Department
Email: mic_ir@micware.co.jp

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com