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NASDAQ · ELECTRIC LIGHTING & WIRING EQUIPMENT · SMALL CAP

PicoCELA Inc. PCLA

4 fiscal years on record · JPY · FY2025 reported · SEC filings only
JPY 544.7M
▼ 30.6% YoY
JPY -626.3M
JPY -572.4M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

PicoCELA is engaged in the manufacturing, installation, and services for enterprise wireless mesh solutions. As of the date of the annual report, it operates solely in Japan. As of September 30, 2025, it had 55 full-time employees and two temporary employees. It derives its revenue mainly from two sources: sales of product equipment, and SaaS, maintenance and other services. Under the first revenue source, it develops mesh Wi-Fi access point devices, the PCWL series, using its proprietary patented wireless mesh communication technology software PBE, which links a chain of multiple wireless Wi-Fi access points by radio communication rather than cabling, and it outsources the manufacturing of the PCWL series and sells it both through distributors and directly to end customers. Under the second revenue source, it provides a cloud portal service, PicoManager, in a SaaS model, which enables users to monitor connectivity and communication traffic at each of its mesh Wi-Fi access points and also serves as a platform for customers to install their own edge-computing software into the PCWL series. PicoCELA was incorporated in Tokyo, Japan in 2008 as a joint-stock corporation (kabushiki kaisha) with limited liability.

Written from the business description in PicoCELA Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.

Growth

JPY 544.7M
Revenue, FY2025 · full 4-year series below
Revenue JPY M Net income JPY M
FY2025 · Revenue 544.7 · Net income -626.3
300.0M600.0M-250.0M-500.0M
20222025
Compound annual growth
−7.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−115 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -110.4% · Net -115.0%
-50%-100%
202220232025
ROE
FY2025 · ROE -151.9%
-50%-100%-150%
202220232025
Three returns, three denominators.

Each JPY of equity lost 152 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow JPY M
FY2025 · FCF -572.4
-300M-600M
202220232025

Total assetsJPY 1.1B
EquityJPY 469.9M
CashJPY 534.9M
Gross debtJPY 272.4M
Net debtJPY -262.5M
Current ratio2.13×

The company holds more cash than debt.

The 4-year record

4 fiscal years
Every figure from documents filed with the SEC · JPY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
PCLA, 4-year financial record
Metric 2025202420232022
Revenue JPY B0.50.80.60.7
Operating income JPY B−0.6−0.4−0.6−0.0
EBITDA JPY B−0.6−0.4−0.6−0.0
Income tax JPY B◌◌◌◌
Net income JPY B−0.6−0.5−0.6−0.0
Free cash flow JPY B−0.6−0.3−0.8−0.1
EPS, diluted JPY −683.34−1334.58−2685.19−0.73
Dividend / sh JPY ◌◌◌◌
Payout % — not applicable: no dividend————
ROE %−151.9−91.3−108.9−1.1
Shares out B0.000.020.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 14 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 32 checks were skipped: the balance sheet is not tagged before 2023. 15 checks were skipped: EPS is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityElectric Lighting & Wiring Equipment
Listed onNASDAQ
Incorporated inoutside the United States — SEC code M0
Fiscal year endsSeptember 30
SEC categoryemerging growth company
Data on record since2022

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