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PCLA on Nasdaq

PicoCELA Inc.

PicoCELA Inc. is an electric lighting and wiring equipment company, listed on Nasdaq (PCLA).1

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Last updated Oct 21, 2026.

Overview

544.7MRevenue, fiscal 20252
-626.3MNet income, fiscal 20252

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  • TickerPCLA on Nasdaq1
  • IndustryElectric Lighting & Wiring Equipment1
  • HeadquartersM01
  • Incorporated inJapan3
  • Business address2-34-5 Ningyocho, Sanos Building,, Nihonbashi Chuo-Ku,, Tokyo, M0 103-00133
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

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Consulting Agreement was disapproved at the Company’s extraordinary shareholder meeting on November 29, 2024, and the Consulting Agreement was terminated upon successful completion of the IPO.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in JPY, the currency the company reports in.

Key numbers, fiscal 2025

-110.4%Operating margin2
-115.0%Net margin2
-30.6%Revenue growth, 20252
-133.3%Return on equity2
0.02×Debt to equity2
-572.4M JPYFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product, Equipment brought in 61% of the revenue PicoCELA Inc. broke down this way in fiscal 2025.

  1. Product, Equipment447.1M JPY261%down 29% from 2024
  2. Product Related Party189.2M JPY226%up 136% from 2024
  3. SaaS Maintenance and Others77.6M JPY211%down 50% from 2024
  4. SaaS Maintenance And Others Related Party20.1M JPY23%
Products and services by year
Products and services202320242025
Product, Equipment465.7M JPY627.7M JPY447.1M JPY
Product Related Party96.2M JPY80.0M JPY189.2M JPY
SaaS Maintenance and Others93.8M JPY156.7M JPY77.6M JPY
SaaS Maintenance And Others Related Party20.1M JPY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development3¢26.2M JPY
  • Selling, general and admin97¢892.0M JPY

Out of 544.7M JPY in revenue.2 The company lost money this year.

Financial statements

Revenue52544.7M JPY in 2025−20% since 2022
0200.0M JPY400.0M JPY600.0M JPY800.0M JPY2022: 682.1M JPY682.1M JPY20222023: 559.5M JPY559.5M JPY2023−18%2024: 784.4M JPY784.4M JPY2024+40%2025: 544.7M JPY544.7M JPY2025−31%
Operating income52-601.4M JPY in 2025+3604% since 2022
-800.0M JPY-600.0M JPY-400.0M JPY-200.0M JPY02022: -16.2M JPY-16.2M JPY20222023: -628.5M JPY-628.5M JPY2023+3771%2024: -447.2M JPY-447.2M JPY2024−29%2025: -601.4M JPY-601.4M JPY2025+34%
Net income52-626.3M JPY in 2025+11991% since 2022
-800.0M JPY-600.0M JPY-400.0M JPY-200.0M JPY02022: -5.2M JPY-5.2M JPY20222023: -634.0M JPY-634.0M JPY2023+12139%2024: -479.9M JPY-479.9M JPY2024−24%2025: -626.3M JPY-626.3M JPY2025+31%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-09-302024-09-302023-09-30
Total revenue544.7M JPY784.4M JPY559.5M JPY
Selling, general and administrative expenses892.0M JPY870.4M JPY898.0M JPY
Total cost of revenue and operating expenses1.1B JPY1.2B JPY1.2B JPY
Operating loss-601.4M JPY-447.2M JPY-628.5M JPY
Interest income (expense)-17.4M JPY-31.0M JPY245.0K JPY
Foreign exchange loss-8.6M JPY-2.1M JPY-4.2M JPY
Other non-operating income (expenses)1.2M JPY421.0K JPY-1.4M JPY
Total other expense-24.9M JPY-32.7M JPY-5.4M JPY
Net loss before tax-626.3M JPY-479.9M JPY-634.0M JPY
Net loss-626.3M JPY-479.9M JPY-634.0M JPY
Basic-683.34 JPY-1,334.58 JPY-2,685.19 JPY
Diluted-683.34 JPY-1,334.58 JPY-2,685.19 JPY
Basic916.5K shares359.6K shares236.1K shares
Diluted916.5K shares359.6K shares236.1K shares

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Corporate structure

PicoCELA Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PicoCELA Inc.

  • PicoCELA Inc. M0

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PicoCELA Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment2.6M JPY2 Sep 30, 20252.6M JPY2 Sep 30, 20240%
Furniture and fixtures95.7M JPY2 Sep 30, 202568.3M JPY2 Sep 30, 2024+40.3%
Computer equipment and software18.3M JPY2 Sep 30, 202525.9M JPY2 Sep 30, 2024−29.3%
Accumulated depreciation71.9M JPY2 Sep 30, 202549.2M JPY2 Sep 30, 2024+46.0%
Property and equipment, net27.1M JPY2 Sep 30, 202521.6M JPY2 Sep 30, 2024+25.5%
Operating-lease assets (leased space)10.0M JPY2 Sep 30, 202511.7M JPY2 Sep 30, 2024−14.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents534.9M JPY2 Sep 30, 2025456.8M JPY2 Sep 30, 2024+17.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Indefinite-lived intangibles (excluding goodwill)42.3M JPY2 Sep 30, 202525.2M JPY2 Sep 30, 2024+67.9%
Accumulated amortization13.7M JPY2 Sep 30, 202518.1M JPY2 Sep 30, 2024−24.5%
Finite-lived intangibles, net5.1M JPY2 Sep 30, 20258.3M JPY2 Sep 30, 2024−38.2%

Inventory

ItemLatestA year beforeChange
Inventory, total264.3M JPY2 Sep 30, 2025206.6M JPY2 Sep 30, 2024+27.9%
Work in process213.4M JPY2 Sep 30, 2025154.2M JPY2 Sep 30, 2024+38.4%
Finished goods9.5M JPY2 Sep 30, 202523.2M JPY2 Sep 30, 2024−59.1%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorHideaki Horikiri named Jul 27, 20266
  • Executive Officer, DirectorHiroshi Furukawa named Jul 27, 20266
  • The election of Lim Kien Leong and Jong Han Rey Foo as the Issuer's directors became effective on July 16, 2026, pursuant to the resolution adopted by the Issuer's shareholders at the extraordinary general meeting of shareholders on June 18, 2026.Jong Han Rey Foo named Jul 27, 20266
  • DirectorKien Leong Lim named Jul 27, 20266
  • DirectorMutsuko Oba named Jul 27, 20266
  • DirectorYoshinari Noguchi named Jul 27, 20266

Filings

66 filings to the SEC since October 2021: 2 annual reports, 5 large holders, 1 private raises, 58 other. The latest 20:

  1. Oct 5, 20266-K EDGAR
  2. Sep 18, 20266-K EDGAR
  3. Jul 28, 2026SCHEDULE 13D EDGAR
  4. Jul 27, 20266-K EDGAR
  5. Jul 27, 2026D EDGAR
  6. Jul 14, 20266-K EDGAR
  7. Jul 14, 20266-K EDGAR
  8. May 12, 20266-K EDGAR
  9. Apr 15, 20266-K EDGAR
  10. Apr 9, 2026SCHEDULE 13G EDGAR
  11. Mar 11, 2026SCHEDULE 13G/A EDGAR
  12. Mar 6, 20266-K EDGAR
  13. Feb 13, 202620-F EDGAR
  14. Feb 11, 20266-K EDGAR
  15. Jan 30, 2026NT 20-F EDGAR
  16. Jan 20, 20266-K EDGAR
  17. Jan 20, 20266-K EDGAR
  18. Jan 13, 20266-K EDGAR
  19. Dec 31, 20256-K EDGAR
  20. Dec 12, 20256-K EDGAR

The 66 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$5.0M 2026–2026
Money received by yearMoney received by year, 2026–2026: $5.0M in all. Private raises (Form D) $5.0M.$0$2M$4M$6M2026 · Private raises (Form D): $5.0M2026
Figures by year
YearPrivate raises (Form D)Total
2026$5.0M$5.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jul 16, 2026Raised $5 million in a private offering of equity6 Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Steward Partners Investment Advisory, LLC100$4680.0%New
Barclays PLC15$700.0%New
Caitong International Asset Management Co., Ltd11$510.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How PicoCELA Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPicoCELA Inc.1
  • CIK0002018462
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inJapan4
  • Fiscal year endsSeptember 301
  • Industry code (SIC)3640 Electric Lighting & Wiring Equipment1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address2-34-5 Ningyocho, Sanos Building,, Nihonbashi Chuo-Ku,, Tokyo, M0 103-00131
  • Phone81 03-6661-27801
  • Shares outstanding1,153,806 shares as of Sep 30, 20254
  • AuditorTAAD LLP, Diamond Bar, California PCAOB ID 5854; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJun 13, 20241
  • Filings67 in all: 6-K (22), CORRESP (12), UPLOAD (6), F-1/A (4), EFFECT (3), SCHEDULE 13G (3), 20-F (2), 424B4 (2)1
    All 19 form types

    F-1 (2), NT 20-F (2), 8-A12B (1), CERT (1), D (1), DRS (1), DRS/A (1), DRSLTR (1), F-6 (1), SCHEDULE 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Feb 13, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each representing one common sharePCLAThe Nasdaq Stock Market LLC
Common Shares*The Nasdaq Stock Market LLC

From the cover page of the 20-F filed Feb 13, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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