KOBE, Japa , July 10, 2026 (GLOBE NEWSWIRE) — Micwa e Co., Ltd. (NASDAQ: MWC) (the “Compa y” o “Micwa e”), a Japa -based p ovide of softwa e developme t se vices a d i ovative IT solutio s mai ly focused o the automotive a d mobility secto s, today a ou ced the lau ch of “Micwa e Spacia Co., Ltd.,” the e tity that will fully develop the Compa y’s spatial i tellige ce busi ess, with the aim of c eati g ew value i the Web4 e a.
1. The lau ch will be ca ied out as follows.
(1) Cha ge of T ade Name of Co solidated Subsidia y
Cu e t: Micwa e Navigatio s Co., Ltd. (“Micwa e Navigatio s”)
New: Micwa e Spacia Co., Ltd. (“Micwa e Spacia”)
(2) Reo ga izatio of Ma ageme t St uctu e a d Busi ess
The Dy aPla et platfo m, which cu e tly belo gs to Micwa e, will become a busi ess of Micwa e Spacia, a d Masahide Shige o, who cu e tly ove sees it as Rep ese tative Di ecto , Deputy P eside t a d Chief Tech ology Office (CTO) of Micwa e, will assume the positio of Rep ese tative Di ecto , P eside t a d Chief Executive Office (CEO) of Micwa e Spacia. He will co ti ue to co cu e tly se ve his positio s at Micwa e.
I additio , pa t of the cu e t Micwa e Navigatio s busi ess will be t a sfe ed to Micwa e Automotive Co., Ltd. (“Micwa e Automotive”) to st e gthe the micAuto platfo m busi ess p omoted by Micwa e Automotive. I co ectio with this t a sfe , Ke ta Imaida, the cu e t Rep ese tative Di ecto , P eside t a d CEO of Micwa e Navigatio s, will be t a sfe ed to Micwa e Automotive.
2. The effective date of the lau ch is Septembe 1, 2026.
Micwa e’s g owth st ategy is to establish itself as a platfo m busi ess ope ato by developi g a d expa di g its platfo m busi esses. To achieve this, Micwa e has set fo th the followi g missio s fo the two platfo ms it ope ates, togethe with a ewly established p oject desig ed to accele ate them.
The Compa y believes that the lau ch of Micwa e Spacia symbolizes the ope i g of a g owth st ategy that will pave the way fo the futu e of Micwa e. Sta ti g with this lau ch, Micwa e will begi full-scale impleme tatio of its g owth st ategy a d will a ou ce elated measu es i stages goi g fo wa d.
Micwa e Co., Ltd. is a Japa -based p ovide of softwa e developme t se vices a d i ovative IT solutio s mai ly focused o the automotive a d mobility secto s. The Compa y is p ima ily e gaged i the developme t a d sale of i -vehicle i fotai me t (“IVI”) systems cove i g multimedia, avigatio , huma machi e i te face, telematics, a d d ive assista ce, as well as avigatio softwa e a d locatio i fo matio -based sma tpho e applicatio s.
Si ce its fou di g i 2003, Micwa e has built ove 20 yea s of expe ie ce i automotive softwa e a d has established lo g-te m elatio ships with majo o igi al equipme t ma ufactu e s (“OEM”) i Japa , i cludi g Ho da Moto Co., Ltd. a d Toyota Moto Co po atio . Leve agi g its e gi ee i g capabilities, p op ieta y tech ologies, a d lo g-sta di g OEM elatio ships, the Compa y was a ked 9th amo g Japa -based Tie 1 supplie s i the IVI ma ket i te ms of eve ue as of Feb ua y 28, 2024, acco di g to a i dust y epo t titled “IVI, Automotive Navigatio System a d Digital Mappi g Ma ket” commissio ed by the Compa y a d p epa ed by F ost & Sulliva . Micwa e ope ates ac oss Japa th ough six ope ati g e tities a d 12 b a ch offices a d has established subsidia ies i the U ited States, Thaila d, a d Ge ma y fo ove seas ope atio s.
Fo mo e i fo matio , please visit the Compa y’s IR website: www.i -micwa e.com.
This p ess elease co tai s stateme ts that may co stitute “fo wa d-looki g stateme ts” withi the mea i g of the U.S. P ivate Secu ities Litigatio Refo m Act of 1995. These stateme ts may be ide tified by te mi ology such as “will,” “expects,” “a ticipates,” “aims,” “futu e,” “i te ds,” “pla s,” “believes,” “estimates,” “may,” “could,” “likely to,” a d simila exp essio s.
These fo wa d-looki g stateme ts a e based o Micwa e’s cu e t views a d assumptio s as of the date of this p ess elease a d i volve k ow a d u k ow isks, u ce tai ties, a d othe facto s. Acco di gly, actual esults, outcomes, o eve ts may diffe mate ially f om those exp essed o implied by such fo wa d-looki g stateme ts.
Although Micwa e believes that the expectatio s eflected i these fo wa d-looki g stateme ts a e easo able, Micwa e does ot gua a tee that such expectatio s will be ealized. I vesto s a e cautio ed ot to place u due elia ce o these fo wa d-looki g stateme ts.
The i fo matio co tai ed i this p ess elease is cu e t as of the date of this p ess elease, a d Micwa e u de takes o obligatio to update, evise, o suppleme t a y fo wa d-looki g stateme t, except as equi ed by applicable law.
I vesto Relatio s Depa tme t
Pho e: +81-3-6699-9899
Email: mic_i @micwa e.co.jp
Email: mic_p @micwa e.co.jp
Ti a Xiao
Pho e: +1-646-932-7242
Email: i vesto s@asce t-i .com
A photo accompa yi g this a ou ceme t is available at
https://www.globe ewswi e.com/NewsRoom/Attachme tNg/8ef5998f-5c72-45df-afaa-a461632290cf
