en.Wedoany.com Reported - Japanese software service provider Micware Co., Ltd. (NASDAQ: MWC) has announced the establishment of a new subsidiary, "Micware Spacia Co., Ltd.," dedicated to developing spatial intelligence business, aiming to create new value in the Web4 era. The entity will officially commence operations on September 1, 2026.

The new company will be renamed from the existing subsidiary "Micware Navigations Co., Ltd." As part of the business restructuring, the DynaPlanet platform currently under Micware will be transferred to the new company for operation. Masahide Shigeno, current Representative Director, Vice President, and Chief Technology Officer (CTO) of Micware, will assume the roles of Representative Director, President, and Chief Executive Officer (CEO) of the new company while retaining his positions at the parent company. Additionally, Kenta Imaida, current Representative Director, President, and CEO of Micware Navigations, who was responsible for part of its business, will be transferred to another subsidiary, Micware Automotive Co., Ltd., to strengthen its micAuto platform business.

Micware's growth strategy aims to become a platform business operator by developing and expanding platform businesses. The company believes that the establishment of Micware Spacia marks the beginning of this growth strategy, paving the way for the company's future development. The company plans to announce related measures in phases in the future.

Founded in 2003, Micware is a provider of software development services and IT solutions primarily for the automotive and mobility sectors. The company's business covers the development and sales of in-vehicle infotainment (IVI) systems, involving areas such as multimedia, navigation, human-machine interfaces, telematics, and driving assistance. The company has long-term collaborations with major Japanese original equipment manufacturers (OEMs) such as Honda Motor Co., Ltd. and Toyota Motor Corporation. According to an industry report commissioned by the company from Frost & Sullivan, as of February 28, 2024, Micware ranked ninth among Tier 1 suppliers in the Japanese IVI market by revenue. The company operates through six operating entities and 12 branches in Japan, and has overseas subsidiaries in the United States, Thailand, and Germany.