Micware Announces Equity Research Report by Alphaterra

We are a Japan-based provider of software development services and innovative information technology (“IT”) solutions mainly focused on the automotive and mobility sectors. Our main focus is the development and sale of in-vehicle infotainment (“IVI”) systems that cover a broad range of modern car functionality from multimedia to navigation, human machine interface, telematics, and driver assistance. We also specialize in the development of navigation software and location information-based smartphone applications. Since the establishment of Micware in 2003, we have accumulated over 20 years of experience in software development in the automotive industry, which has translated into significant business growth. As of the date of this prospectus, our business is operated across Japan through six operating entities and 12 branch offices. We have also established subsidiaries in the U.S., Thailand, and Germany, for our operations overseas.