Recent Updates — PCLA
About Investment Pte. Ltd. converted 5,000,000 Class A Preferred Shares into 5,000,000 Common Shares following a notice dated September 30, 2026. The Board reduced the transfer restriction period for restricted shares held by Chairman Hiroshi Furukawa and COO Hideaki Horikiri from 20 to 10 years and authorized the acquisition of returned shares without consideration. Consequently, both executives surrendered a combined total of 5,000,000 restricted shares back to the company as treasury stock on September 30, 2026. Post-transaction, there are 9,613,805 Common Shares and 15,000,000 Preferred Shares outstanding. PicoCELA Inc. operates in the technology sector.
PicoCELA Inc. filed unaudited interim financial statements for the six months ended March 31, 2026, reporting a net loss of ¥2,593 million compared to ¥316 million in the prior year period. Total revenues increased 45.5% to ¥367.4 million, driven by a 48.9% rise in product equipment sales to ¥300.9 million and a 31.5% increase in SaaS revenue to ¥66.5 million. The widened loss was primarily due to ¥2,330 million in non-cash share-based compensation expenses from restricted common shares issued for services. Cash and cash equivalents declined to ¥187.4 million from ¥534.9 million at September 30, 2025, resulting in negative operating cash flow of ¥134.5 million. Management identified substantial doubt regarding the company's ability to continue as a going concern due to accumulated losses and reliance on external financing. On July 16, 2026, PicoCELA issued 20 million Class A preferred shares for $5.0 million in gross proceeds to fund operations. The company manufactures enterprise wireless mesh solutions and provides related cloud-based management services.
PicoCELA Inc. issued 20,000,000 Class A preferred shares at $0.25 per share, raising gross proceeds of $5,000,000. The net proceeds of approximately $4,449,975 will be used for mesh wi-fi product manufacturing and U.S. listing maintenance. The offering was placed by Univest Securities, LLC. PicoCELA Inc. is a technology company that develops and provides mesh wi-fi products.
PicoCELA Inc. shareholders approved a partial amendment to the Articles of Incorporation and a preferential issuance of Class A Preferred Shares by third-party allotment. Shareholders also elected two directors who are not members of the Audit and Supervisory Committee. PicoCELA Inc. is a technology company providing wireless connectivity solutions.
Toshihito Kanai resigned as Chief Technology Officer and Director effective June 30, 2026, citing personal reasons. Following this, the board approved executive leadership changes effective July 1, 2026. Hiroshi Furukawa transitioned from Chief Executive Officer and Representative Director to Chairman, Chief Technology Officer, and Representative Director. Hideaki Horikiri moved from Chief Financial Officer and Director to President, Chief Operating Officer, and Director. Both individuals maintain their roles as principal executive and financial officers under Sarbanes-Oxley requirements. PicoCELA Inc. is a technology company specializing in wireless connectivity solutions.