STOCK TITAN

Micware Co., Ltd. (MWC) boosts control with new subsidiaries and group split

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Micware Co., Ltd. approved and executed share transfer agreements to purchase additional shares in its 70% subsidiaries Micware Asia Pacific Co., Ltd. and Micware North America, Inc. from principal shareholders O-Well Corporation and Uni Electronics Inc. The transfers became effective on July 31, 2026, making both entities wholly owned subsidiaries. The agreements include customary representations, warranties and covenants among the parties.

In parallel, Micware is advancing a previously announced internal reorganization linked to the launch of Micware Spacia Co., Ltd. Public notices describe absorption-type company splits under which Micware Navigations Co., Ltd. will assume location-based services businesses from Micware Co., Ltd., Micware Automotive Co., Ltd. and Micware Mobility Co., Ltd., while certain in-vehicle businesses move in the opposite direction. These splits are scheduled to take effect on September 1, 2026, and creditors may submit objections within one month from the day following publication of the notices dated July 31, 2026.

Positive

  • None.

Negative

  • None.
Pre-transaction ownership in Micware Asia Pacific and Micware North America 70% Each entity was a 70% subsidiary of Micware Co., Ltd. before the share purchases approved on July 27, 2026
Effective date of share transfers July 31, 2026 Date when the share transfer agreements with O-Well Corporation and Uni Electronics Inc. became effective
Effective date of company splits September 1, 2026 Scheduled effective date for the absorption-type company splits among Micware group companies
Creditor objection period one month Time allowed for creditors to object to each company split from the day after publication of the July 31, 2026 notices
absorption-type company split regulatory
"Public Notice of Absorption-Type Company Split The companies listed below"
location-based services business financial
"succeed to the rights and obligations relating to the location-based services business"
in-vehicle business financial
"succeed to the rights and obligations relating to the in-vehicle business of Company A"
wholly owned subsidiaries financial
"The purchase will cause Micware Asia Pacific and Micware North America to become wholly owned subsidiaries"
principal shareholders financial
"from O-Well Corporation and Uni Electronics Inc., the Company’s principal shareholders"

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FAQ

What share transfers did Micware Co., Ltd. (MWC) approve in July 2026?

Micware Co., Ltd. approved purchasing additional shares in Micware Asia Pacific Co., Ltd. and Micware North America, Inc. from principal shareholders O-Well Corporation and Uni Electronics Inc., converting both from 70% subsidiaries into wholly owned subsidiaries effective July 31, 2026, under customary share transfer agreements.

How does the July 2026 transaction change ownership of Micware Asia Pacific and Micware North America for MWC?

Before the transaction, each of Micware Asia Pacific and Micware North America was a 70% subsidiary of Micware Co., Ltd. After purchasing additional shares from O-Well Corporation and Uni Electronics Inc., Micware now owns all shares, and each company has become a wholly owned subsidiary.

What internal reorganization did Micware (MWC) advance with its July 31, 2026 public notices?

Micware advanced an internal reorganization connected to launching Micware Spacia Co., Ltd., detailing absorption-type company splits. Micware Navigations Co., Ltd. will take over location-based services businesses, while certain in-vehicle businesses will move to Micware Automotive Co., Ltd. and Micware Mobility Co., Ltd., with effectiveness scheduled for September 1, 2026.

When will Micware (MWC)’s absorption-type company splits become effective?

The absorption-type company splits involving Micware Co., Ltd., Micware Navigations Co., Ltd., Micware Automotive Co., Ltd. and Micware Mobility Co., Ltd. are scheduled to become effective on September 1, 2026, as stated in the public notices dated July 31, 2026, issued in connection with Micware’s internal reorganization.

What is the creditor objection period for Micware (MWC)’s company splits?

Creditors may object to the absorption-type company splits within one month from the day following publication of the July 31, 2026 public notices. This objection period applies to the splits involving Micware Co., Ltd., Micware Navigations Co., Ltd., Micware Automotive Co., Ltd. and Micware Mobility Co., Ltd.

Which businesses are being transferred in Micware (MWC)’s absorption-type company splits?

Micware Navigations Co., Ltd. will succeed to rights and obligations relating to the location-based services business of Micware Co., Ltd., Micware Automotive Co., Ltd. and Micware Mobility Co., Ltd., while those companies will in turn succeed to rights and obligations related to certain in-vehicle businesses of Micware Navigations Co., Ltd.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number: 001-43279

 

Micware Co., Ltd.

 

Kobe Asahi Building 25th Floor
59 Naniwa-machi, Chuo-ku
Kobe, Hyogo 650-0035

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒          Form 40-F ☐

 

 

 

 

 

 

Entry into Share Transfer Agreements

 

On July 27, 2026, the board of directors of Micware Co., Ltd., a joint-stock corporation with limited liability organized under Japanese law (the “Company”), approved purchase of shares of common stock of Micware Asia Pacific Co., Ltd., a limited company incorporated under Thai law and a 70% subsidiary of the Company (“Micware Asia Pacific”), and Micware North America, Inc., a corporation incorporated under laws of the State of California and a 70% subsidiary of the Company (“Micware North America”), from O-Well Corporation (“O-Well”) and Uni Electronics Inc. (“Uni Electronics”), the Company’s principal shareholders. The purchase will cause Micware Asia Pacific and Micware North America to become wholly owned subsidiaries of the Company.

 

Pursuant to such approval, on July 31, 2026, the Company entered into the following agreements with O-Well and Uni Electronics:

 

(a)a share transfer agreement between the Company and O-Well, pursuant to which O-Well agreed to transfer 5,000 shares of common stock of Micware Asia Pacific to the Company for an aggregate consideration of THB6,450,000;

 

(b)a share transfer agreement between the Company and O-Well, pursuant to which O-Well agreed to transfer 1,500,000 shares of common stock of Micware North America to the Company for an aggregate consideration of US$900,000;

 

(c)a share transfer agreement between the Company and Uni Electronics, pursuant to which Uni Electronics agreed to transfer 5,000 shares of common stock of Micware Asia Pacific to the Company for an aggregate consideration of THB6,450,000; and

 

(d)a share transfer agreement between the Company and Uni Electronics, pursuant to which Uni Electronics agreed to transfer 1,500,000 shares of common stock of Micware North America to the Company for an aggregate consideration of US$900,000.

 

The share transfer agreements contain customary representations, warranties, and covenants provisions by the parties. The share transfer became effective on July 31, 2026.

 

The foregoing description of the share transfer agreements does not purport to be complete and is qualified in its entirety by reference to the English translation of the full text of the share transfer agreements, which are furnished as Exhibits 10.1, 10.2, 10.3, and 10.4 to this Form 6-K, respectively.

 

Public Notices Regarding Internal Reorganization

 

Reference is made to the report on Form 6-K dated July 10, 2026 announcing the launch of Micware Spacia Co., Ltd. and related internal reorganization in connection with the launch (the “Internal Reorganization”). On July 31, 2026, the Company made public notices regarding company splits of the Company, Micware Automotive Co., Ltd., Micware Mobility Co., Ltd., and Micware Navigations Co., Ltd. pursuant to the Internal Reorganization. The English translation of the public notices are furnished as Exhibits 99.1, 99.2, and 99.3 to this Form 6-K.

 

1

 

 

Exhibit Index

 

Exhibit No.   Description
10.1   English Translation of Share Transfer Agreement Between the Micware Co., Ltd. and O-Well Corporation, Dated July 31, 2026 (For Micware Asia Pacific Co., Ltd.’s Shares of Common Stock)
10.2   English Translation of Share Transfer Agreement Between the Micware Co., Ltd. and O-Well Corporation, Dated July 31, 2026 (For Micware North America, Inc.’s Shares of Common Stock)
10.3   English Translation of Share Transfer Agreement Between the Micware Co., Ltd. and Uni Electronics Inc., Dated July 31, 2026 (For Micware Asia Pacific Co., Ltd.’s Shares of Common Stock)
10.4   English Translation of Share Transfer Agreement Between the Micware Co., Ltd. and Uni Electronics Inc., Dated July 31, 2026 (For Micware North America, Inc.’s Shares of Common Stock)
99.1   English Translation of the Notice Regarding Company Split (Absorption-Type Company Split) of Micware Co., Ltd., and Micware Navigations Co., Ltd. dated July 31, 2026
99.2   English Translation of the Notice Regarding Company Split (Absorption-Type Company Split) of Micware Automotive Co., Ltd., and Micware Navigations Co., Ltd. dated July 31, 2026
99.3   English Translation of the Notice Regarding Company Split (Absorption-Type Company Split) of Micware Mobility Co., Ltd., and Micware Navigations Co., Ltd. dated July 31, 2026

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Micware Co., Ltd.
     
  By: /s/ Takuma Segawa
    Mr. Takuma Segawa
    Chief Financial Officer

 

Date: August 5, 2026

 

3

 

Exhibit 99.1

 

Public Notice of Absorption-Type Company Split

 

The companies listed below have decided to conduct an absorption-type company split, whereby Company A will succeed to the rights and obligations relating to the location-based services business of Company B, and Company B will cause Company A to succeed to such rights and obligations.

 

The effective date shall be September 1, 2026.

 

Creditors who have any objection to this company split are requested to submit their objections within one month from the day following the date of publication of this public notice.

 

The status of disclosure of the latest balance sheets is as follows:

 

(Company A) https://micware.co.jp/

 

(Company B) https://micware.co.jp/

 

July 31, 2026

 

59 Naniwa-machi, Chuo-ku, Kobe-shi, Hyogo, Japan

 

(Company A) Micware Navigations Co., Ltd.

Representative Director: Kenta Imaida

 

59 Naniwa-machi, Chuo-ku, Kobe-shi, Hyogo, Japan

 

(Company B) Micware Co., Ltd.

Representative Director: Kenji Narushima

 

 

 

Exhibit 99.2

 

Public Notice of Absorption-Type Company Split

 

The companies listed below have decided to conduct an absorption-type company split, whereby Company A will succeed to the rights and obligations relating to the location-based services business of Company B, and Company B will cause Company A to succeed to such rights and obligations. Company B will also succeed to the rights and obligations relating to the in-vehicle business of Company A, and Company A will cause Company B to succeed to such rights and obligations.

 

The effective date shall be September 1, 2026.

 

Creditors who have any objection to this company split are requested to submit their objections within one month from the day following the date of publication of this public notice.

 

The status of disclosure of the latest balance sheets is as follows:

 

(Company A) https://micware.co.jp/

 

(Company B) https://micware.co.jp/

 

July 31, 2026

 

59 Naniwa-machi, Chuo-ku, Kobe-shi, Hyogo, Japan

 

(Company A) Micware Navigations Co., Ltd.

Representative Director: Kenta Imaida

 

59 Naniwa-machi, Chuo-ku, Kobe-shi, Hyogo, Japan

 

(Company B) Micware Automotive Co., Ltd.

Representative Director: Tomohiro Kitagawa

 

 

 

Exhibit 99.3

 

Public Notice of Absorption-Type Company Split

 

The companies listed below have decided to conduct an absorption-type company split, whereby Company A will succeed to the rights and obligations relating to the location-based services business of Company B, and Company B will cause Company A to succeed to such rights and obligations. Company B will also succeed to the rights and obligations relating to the in-vehicle business of Company A, and Company A will cause Company B to succeed to such rights and obligations.

 

The effective date shall be September 1, 2026.

 

Creditors who have any objection to this company split are requested to submit their objections within one month from the day following the date of publication of this public notice.

 

The status of disclosure of the latest balance sheets is as follows:

 

(Company A) https://micware.co.jp/

 

(Company B) https://micware.co.jp/

 

July 31, 2026

 

59 Naniwa-machi, Chuo-ku, Kobe-shi, Hyogo, Japan

 

(Company A) Micware Navigations Co., Ltd.

Representative Director: Kenta Imaida

 

59 Naniwa-machi, Chuo-ku, Kobe-shi, Hyogo, Japan

 

(Company B) Micware Mobility Co., Ltd.

Representative Director: Takuji Kameda

 

 

Filing Exhibits & Attachments

7 documents