Welcome to our dedicated page for PicoCELA SEC filings (Ticker: PCLA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The PicoCELA Inc. (PCLA) SEC filings page on Stock Titan provides access to the company’s U.S. regulatory disclosures as a foreign private issuer. PicoCELA is a Tokyo-based provider of enterprise wireless mesh solutions that develops the PCWL series of mesh Wi‑Fi access points, powered by its proprietary PicoCELA Backhaul Engine software, and offers SaaS services such as the PicoManager cloud portal.
As a Japanese joint stock corporation with limited liability, PicoCELA files annual reports on Form 20‑F and current reports on Form 6‑K with the Securities and Exchange Commission under Commission File Number 001‑42470. These filings include audited and unaudited financial statements, notes, and management discussions that describe revenue from product equipment sales and from software-as-a-service and maintenance services, as well as information on costs and net results.
Form 6‑K submissions also furnish press releases and corporate notices, such as announcements of the company’s initial public offering and subsequent public offerings of American Depositary Shares, private placements of restricted common shares, Nasdaq minimum bid price deficiency notifications, and notices of the annual general meeting of shareholders held in Tokyo. Interim financial statements for periods such as the six months ended March 31 are likewise furnished on Form 6‑K.
On Stock Titan, these filings are updated in line with EDGAR availability and are paired with AI-powered summaries that highlight key points from long documents. Users can quickly locate annual Form 20‑F reports, interim financial information on Form 6‑K, and other exhibits to understand PicoCELA’s financial position, capital-raising activities, and corporate governance disclosures without reading every page in full.
PicoCELA Inc. files its Form 20-F annual report, highlighting a niche but concentrated business in enterprise mesh Wi‑Fi access points in Japan. Revenue is heavily dependent on its PCWL series, which contributed JPY447,069 thousand (approximately $3,021 thousand) in fiscal 2025, over 80% of total revenue.
The company remains loss-making, with a 2025 net loss of JPY626,312 thousand (approximately $4,233 thousand) and accumulated deficit of JPY2,828,980 thousand. It carries material short‑term debt of JPY261,940 thousand and relies on rolling short bank loans, while holding net operating loss carryforwards of about JPY3,249 million (around $22 million) in Japan.
Key risks include chip supply constraints for Wi‑Fi chips, dependence on a few manufacturers and distributors, planned but unproven SaaS and edge‑computing strategies, heavy geographic concentration in Japan, and ambitious expansion plans into Europe and the U.S. that add regulatory, operational, and currency risk. The report also notes Nasdaq listing risk due to prior minimum bid price deficiencies.
PicoCELA Inc. reports that it has regained compliance with Nasdaq’s minimum bid price requirement for its American depositary shares (ADSs). The company had previously fallen below the required minimum bid price of $1.00 per ADS for 30 consecutive business days, triggering a deficiency notice from Nasdaq on August 26, 2025.
Nasdaq granted PicoCELA until February 23, 2026 to restore compliance. The company met the requirement by maintaining a minimum closing bid price of $1.00 or greater per ADS for 10 consecutive business days from January 26, 2026 to February 9, 2026. Nasdaq has confirmed that PicoCELA is now back in good standing under the applicable listing rule and that this matter is closed.
PicoCELA Inc. is implementing a 1-for-30 reverse share split of all authorized, issued, and outstanding common shares, effective on January 26, 2026, after approval at its 2026 annual general meeting. The move is intended to help the company meet Nasdaq’s minimum bid price rule and reduce delisting risk.
The company’s American depositary shares (ADSs) will continue to represent one common share each and will begin trading on a split-adjusted basis on the same date, with the total number of ADSs reduced proportionately. Fractional ADS entitlements will be aggregated, sold by the depositary, and net cash proceeds distributed to holders. Authorized common shares will be consolidated 30-for-1 to 4,615,224 shares, and issued and outstanding shares will decrease from 124,614,207 as of January 20, 2026 to approximately 4,153,805 after the split.
PicoCELA Inc. granted 50,000,000 restricted common shares to chief executive officer and representative director Hiroshi Furukawa as equity compensation. The shares were issued as new common stock on January 20, 2026, in return for services and are subject to a 20-year prohibition on sale, transfer, loan, or pledge, which may be lifted only by a board resolution. As of January 20, 2026, Mr. Furukawa held 42.4% of PicoCELA’s 124,614,207 outstanding common shares. The agreement allows the company, by board resolution, to acquire the shares without charge if specified serious legal violations by Mr. Furukawa are determined during the restriction period.
PicoCELA Inc. reports that shareholders approved several major items at an extraordinary general meeting held in Tokyo on September 30, 2025. The company reduced its share capital by JPY660,729,164 and its legal capital surplus by JPY715,749,163, transferring these amounts within equity to offset retained losses without changing total net assets. Shareholders also abolished the audit and supervisory board, created an audit and supervisory committee, appointed Nanatsu-boshi Audit Corporation as accounting auditor, and elected new directors, including members of the audit and supervisory committee.
They approved amendments to the articles of incorporation, including increasing authorized shares from 91,735,440 to 138,456,828 and establishing limits on annual remuneration for directors, as well as a restricted share program of up to JPY800 million and 40 million shares over 20 years. On December 30, 2025, the company issued 40,000,000 restricted common shares to its chief financial officer and director, Hideaki Horikiri, with a 20‑year transfer restriction that can be lifted by board resolution; his holdings then represented 53.6% of the 74,614,207 common shares outstanding.
PicoCELA Inc. has called its annual general meeting of shareholders in Tokyo, Japan, on December 29, 2025 at 10:00 a.m. Japanese Standard Time. A notice with detailed information and voting instructions has been sent to all holders of its common shares and American Depositary Shares. The full meeting notice is provided in a document titled “Notice of the Annual General Meeting of Shareholders”, referenced as Exhibit 99.1.
PicoCELA Inc. has furnished a Form 6-K that provides its unaudited interim financial statements and notes for the six months ended March 31, 2025. These financial statements are included as Exhibit 99.1, giving investors access to updated mid-year financial information for the Japan-based company.