Micware Co., Ltd. (MWC) insider Kenji Narushima reports 12.2% stake on Schedule 13G

Rhea-AI Filing Summary

Micware Co., Ltd. received a Schedule 13G filing from Kenji Narushima reporting beneficial ownership of Micware American Depositary Shares, each representing one ordinary share. Narushima reports beneficial ownership of 7,362,550 ordinary shares, representing 12.2% of the class as of June 30, 2026.

The reported holdings consist of 6,266,000 ordinary shares directly held and 1,096,550 ordinary shares issuable upon exercise of stock options held by Narushima. He reports sole voting and sole dispositive power over all 7,362,550 shares, with no shared voting or dispositive power. The percentage is based on 59,419,414 ordinary shares outstanding plus the 1,096,550 shares underlying his options.

Key Figures

Beneficially owned shares: 7,362,550 shares Percent of class: 12.2% Directly held ordinary shares: 6,266,000 shares +4 more

7 metrics

Beneficially owned shares 7,362,550 shares Total ordinary shares beneficially owned by Kenji Narushima as of June 30, 2026

Percent of class 12.2% Percentage of Micware ordinary shares beneficially owned by Narushima

Directly held ordinary shares 6,266,000 shares Ordinary shares directly held by Kenji Narushima

Shares issuable from stock options 1,096,550 shares Ordinary shares issuable upon exercise of stock options held by Narushima

Shares outstanding baseline 59,419,414 shares Ordinary shares outstanding used to calculate Narushima’s ownership percentage

Sole voting power 7,362,550 shares Shares over which Narushima has sole power to vote or direct the vote

Sole dispositive power 7,362,550 shares Shares over which Narushima has sole power to dispose or direct disposition

Key Terms

Schedule 13G, beneficially owned, American Depositary Shares, sole voting power, +1 more

5 terms

Schedule 13G regulatory

"Micware Co., Ltd. received a Schedule 13G filing from Kenji Narushima"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Amount beneficially owned: 7,362,550.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

American Depositary Shares financial

"Title of class of securities: American Depositary Shares, each representing one ordinary share"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

sole voting power financial

"Sole Voting Power 7,362,550.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole Dispositive Power 7,362,550.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/28/2026 - 07:56 PM Accepted by SEC EDGAR 07/28/2026 - 07:56 PM Learn about SEC filing dates

FAQ

What ownership did Kenji Narushima report in Micware Co., Ltd. (MWC) on Schedule 13G?

Kenji Narushima reported beneficial ownership of 7,362,550 ordinary shares of Micware Co., Ltd., representing 12.2% of the class as of June 30, 2026, including both directly held shares and stock options.

How many Micware (MWC) shares does Kenji Narushima hold directly versus through options?

Kenji Narushima directly holds 6,266,000 ordinary shares of Micware and holds stock options for an additional 1,096,550 ordinary shares issuable upon exercise, all counted toward his reported beneficial ownership.

What percentage of Micware (MWC) does 7,362,550 shares represent in this Schedule 13G?

The 7,362,550 ordinary shares beneficially owned by Kenji Narushima represent 12.2% of Micware’s class, calculated using 59,419,414 ordinary shares outstanding plus 1,096,550 shares issuable upon exercise of his stock options.

Does Kenji Narushima share voting or dispositive power over his Micware (MWC) holdings?

No. Kenji Narushima reports sole voting power over 7,362,550 shares and sole dispositive power over 7,362,550 shares, with zero shared voting or shared dispositive power over Micware securities.

What class of Micware (MWC) securities is covered by Kenji Narushima’s Schedule 13G?

The filing covers American Depositary Shares of Micware Co., Ltd., with each ADS representing one ordinary share. The reported beneficial ownership and percentages are based on the underlying ordinary shares.

On what share count is Kenji Narushima’s 12.2% Micware (MWC) ownership based?

The 12.2% ownership is based on 59,419,414 ordinary shares outstanding plus 1,096,550 ordinary shares issuable upon exercise of stock options held by Kenji Narushima, all as of June 30, 2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Micware Co., Ltd.

(Name of Issuer)

American Depositary Shares, each representing one ordinary share

(Title of Class of Securities)

59490A100

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 59490A100

1

Names of Reporting Persons

Narushima Kenji

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

JAPAN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,362,550.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,362,550.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,362,550.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.2 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Note to Rows 5 and 7: Represents (i) 6,266,000 ordinary shares directly held by Kenji Narushima and (ii) an aggregate of 1,096,550 ordinary shares issuable upon exercise of stock options held by Kenji Narushima as of June 30, 2026. Note to Row 11: Percentage of class is calculated based on (i) 59,419,414 ordinary shares outstanding and (ii) an aggregate of 1,096,550 ordinary shares issuable upon exercise of stock options held by Kenji Narushima as of June 30, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Micware Co., Ltd.
(b)	Address of issuer's principal executive offices: Kobe Asahi Building 25th Floor, 59 Naniwa-machi, Chuo-ku, Kobe, Hyogo 650-0035
Item 2.
(a)	Name of person filing: Kenji Narushima
(b)	Address or principal business office or, if none, residence: Kobe Asahi Building 25th Floor, 59 Naniwa-machi, Chuo-ku, Kobe, Hyogo 650-0035
(c)	Citizenship: Japan
(d)	Title of class of securities: American Depositary Shares, each representing one ordinary share
(e)	CUSIP Number(s): 59490A100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7,362,550.00
(b)	Percent of class: 12.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7,362,550.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 7,362,550.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Narushima Kenji

Signature:	/s/ Kenji Narushima
Name/Title:	Kenji Narushima
Date:	07/28/2026