PicoCELA Inc. (PCLA) Cash Flow Statement
Where PCLA’s cash came from and went, FY2025
September 30, 2025 · Japanese yen- Cash from operations
- −¥546.3M
- Capital expenditures
- ¥28.5M 5.2% of revenue
- Free cash flow
- −¥574.8M −105.1% margin
- Returned to shareholders
- —
- Change in cash
- ¥63.7M cash at year-end ¥541.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
PCLA operating cash flow, capex and free cash flow
PCLA cash flow trends, FY2022–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −¥115.3MFY2022 | −¥546.3MFY2025 | — | |
| Capital expenditures | ¥15.4MFY2022 | ¥28.5MFY2025 | +22.6%/yr | |
| Free cash flow | −¥130.7MFY2022 | −¥574.8MFY2025 | — | |
| Free cash flow margin | −19.2%FY2022 | −105.1%FY2025 | −85.9 pts | |
| Stock-based compensation | ¥0FY2023 | ¥5.2MFY2025 | — | |
| Capex / revenue | 2.3%FY2022 | 5.2%FY2025 | +2.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PCLA cash flow by activity
PCLA net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
PCLA cash flow statement in Japanese yen
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −¥629.0M | −¥479.9M | −¥634.0M | −¥41,880 |
| Depreciation & amortization | ¥26.6M | ¥20.7M | ¥12.2M | ¥8.2M |
| Stock-based compensation | ¥5.2M | ¥0 | ¥0 | — |
| Change in working capital | ¥41.3M | ¥205.8M | −¥128.0M | −¥127.2M |
| Other non-cash items | ¥9.5M | ¥10.7M | ¥9.9M | ¥3.8M |
| Cash from operating activities | −¥546.3M | −¥242.8M | −¥739.9M | −¥115.3M |
| Investing activities | ||||
| Capital expenditures | −¥28.5M | −¥44.0M | −¥20.5M | −¥15.4M |
| Investments (net) | — | −¥44.0M | −¥20.5M | −¥15.4M |
| Acquisitions & other investing | −¥17.7M | ¥44.0M | ¥20.5M | ¥15.4M |
| Cash from investing activities | −¥46.2M | −¥44.0M | −¥20.5M | −¥15.4M |
| Financing activities | ||||
| Net borrowing (repayment) | −¥273.9M | ¥305.0M | ¥140.9M | −¥6.6M |
| Shares issued | ¥1.24B | ¥138.7M | ¥862.0M | ¥0 |
| Other financing | −¥296.6M | −¥128.0M | −¥77.7M | ¥0 |
| Cash from financing activities | ¥671.0M | ¥315.6M | ¥925.3M | −¥6.6M |
| Summary | ||||
| Net change in cash | ¥63.7M | ¥28.8M | ¥164.9M | −¥137.3M |
| Cash at end of period | ¥541.5M | ¥456.8M | ¥428.0M | ¥263.1M |
| Free cash flow | −¥574.8M | −¥286.8M | −¥760.4M | −¥130.7M |
| Free cash flow margin | −105.1% | −36.6% | −135.9% | −19.2% |
| Capex / revenue | 5.2% | 5.6% | 3.7% | 2.3% |
| Jun '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net income | −¥2.57B | −¥318.0M | −¥155.0M | −¥158.1M | −¥158.1M | −¥81.1M | −¥158.9M | −¥158.9M |
| Depreciation & amortization | ¥12.6M | ¥15.0M | ¥7.3M | ¥6.0M | ¥6.0M | ¥5.7M | ¥4.6M | ¥4.6M |
| Stock-based compensation | — | — | ¥94,500 | ¥2.5M | ¥2.5M | — | — | — |
| Change in working capital | ¥110.1M | −¥5.6M | −¥18.1M | ¥20.4M | ¥20.4M | ¥16.9M | ¥48.3M | ¥48.3M |
| Other non-cash items | ¥2.31B | −¥7.2M | ¥16.6M | ¥127.6M | ¥6.4M | ¥27.4M | ¥15.6M | ¥15.6M |
| Cash from operating activities | −¥133.4M | −¥315.8M | −¥149.2M | −¥1.6M | −¥122.8M | −¥31.0M | −¥90.4M | −¥90.4M |
| Investing activities | ||||||||
| Capital expenditures | −¥325,773 | −¥18.3M | −¥8.7M | −¥5.5M | −¥5.5M | −¥3.6M | −¥5.8M | −¥5.8M |
| Acquisitions & other investing | −¥4.9M | −¥8.3M | −¥3.8M | ¥5.3M | −¥5.0M | −¥8.6M | −¥4.0M | −¥4.0M |
| Cash from investing activities | −¥5.2M | −¥26.5M | −¥12.5M | −¥137,616 | −¥10.5M | −¥12.2M | −¥9.8M | −¥9.8M |
| Financing activities | ||||||||
| Shares issued | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Other financing | −¥205.9M | ¥550.6M | ¥265.8M | ¥896,340 | ¥68.2M | ¥67.7M | ¥90.1M | ¥90.1M |
| Cash from financing activities | −¥205.9M | ¥550.6M | ¥265.8M | ¥896,340 | ¥68.2M | ¥67.7M | ¥90.1M | ¥90.1M |
| Summary | ||||||||
| Net change in cash | −¥374.7M | ¥215.7M | — | ¥2.2M | — | −¥407.8M | ¥407.8M | — |
| Cash at end of period | ¥178.4M | ¥541.5M | ¥325.8M | ¥2.2M | — | — | ¥407.8M | — |
| Free cash flow | −¥133.7M | −¥334.0M | −¥157.9M | −¥128.3M | −¥128.3M | −¥34.6M | −¥96.2M | −¥96.2M |
| Free cash flow margin | −36.7% | −111.5% | −108.1% | −101.6% | −101.6% | −13.7% | −69.1% | −69.1% |
| Capex / revenue | 0.1% | 6.1% | 6.0% | 4.3% | 4.3% | 1.4% | 4.2% | 4.2% |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported; data from EODHD.
PCLA cash generation
In fiscal 2025 (ended September 30, 2025), PicoCELA Inc. generated -¥546.3 million of cash from operations and spent ¥28.5 million on capital expenditures, leaving free cash flow of -¥574.8 million, −105.1% of revenue. Cash and equivalents rose by ¥63.7 million over the year.
Related: PCLA income statement, PCLA balance sheet. See the PCLA stock overview for the latest quote and news.
PCLA cash flow FAQ
What is PicoCELA Inc.'s free cash flow?
PicoCELA Inc.'s free cash flow was -¥574.8 million in fiscal 2025: -¥546.3 million of operating cash flow minus ¥28.5 million of capital expenditures It was -¥286.8 million a year earlier..
How much cash does PicoCELA Inc. generate from operations?
PicoCELA Inc. generated -¥546.3 million of cash from operating activities in fiscal 2025.
How much does PicoCELA Inc. spend on capital expenditures?
PicoCELA Inc. spent ¥28.5 million on capital expenditures in fiscal 2025, 5.2% of revenue, compared with ¥44.0 million the year before.