Overview
Electric Appliances

PIXELA CORPORATION

PIXELA CORPORATION develops, manufactures, and sells digital AV equipment including PC and smartphone TV tuners (Xit series), LTE SIM-free routers, and wellness/lifestyle products such as smart rings and LED lanterns. The company also operates reward/points platforms, digital advertising and marketing services, and digital asset (crypto/NFT) businesses. Through its subsidiary A-Stage, the group extends into consumer home appliances including kitchen appliances, beauty devices, and lifestyle electronics sold via D2C/EC channels.

Market Cap
¥1.13B
US$7.18M
EV
¥1.36B
US$8.69M
Stock¥70▼-6.67%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
2.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+41.5%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Apr 1, 26Oasis Management acquired 6.25%, activist intervention
2Aug 17, 26Q3 FY2026/09 earnings announced
MC → EV Bridge
1.13BUS$7.18MMarket Cap0.75BUS$4.78M+ Debt0.51BUS$3.27M− Cash0.00BUS$0.00M− Inv. Sec.1.36BUS$8.69MEV
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Performance & Balance
Revenue 5Y (¥B)
3.33US$21.2M'21/92.01US$12.8M'22/91.45US$9.25M'23/91.16US$7.42M'24/91.00US$6.38M'25/9
EBITDA 5Y (¥B)
-0.75-US$4.76M'21/9-1.19-US$7.59M'22/9-1.16-US$7.42M'23/9-0.83-US$5.32M'24/9-0.79-US$5.07M'25/9
Net Income 5Y (¥B)
-0.94-US$5.98M'21/9-1.33-US$8.49M'22/9-1.41-US$9.01M'23/9-1.20-US$7.67M'24/9-0.85-US$5.44M'25/9
Capital Structure
36%
64%
EquityD/E 1.75xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.96US$6.14M'21/90.37US$2.35M'22/90.04US$0.28M'23/90.09US$0.60M'24/90.58US$3.67M'25/9
Shareholders
Top 10 hold 30.4%
1
Evo Fund (Domestic Contact)
21.10%
2
BNP PARIBAS LONDON BRANCH FOR PRIME BROKERAGE CLEARANCE ACC FOR THIRD PARTY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
5.70%
3
Hironori IMAGAWA
0.67%
4
Taesun JEON
0.54%
5
Namiko KATO
0.48%
6
Masaki KOMODA
0.45%
7
Hiroshi YAMASHITA
0.40%
8
Xiaoyan WANG
0.40%
9
Shinji ANDO
0.37%
10
Mamoru MIYAZAWA
0.34%
Management
10 officers
Takeshi FUJIOKA
Representative Director, President
Sep 2002: Joined SSD Co., Ltd. Feb 2009: Representative Director, SSD Co., Ltd. (current) Oct 2016: Joined the Company; General Manager, Corporate Planning Headquarters Dec 2017: Director, the Company Feb 2018: General Manager, M&A Strategy Headquarters, the Company May 2018: Representative Director, A-Stage Co., Ltd. (current) Aug 2018: Director, Ox Consulting Co., Ltd. (currently biz Creave Co., Ltd.) (current) Dec 2020: Representative Director, the Company Feb 2023: President and Representative Director, the Company (current) Aug 2023: Representative Director, RfStream Co., Ltd. (current)
1979-11-02
Kenji UEDA
Director
Apr 2000 Joined the Company May 2014 General Manager, 5th Software Development Department, Product Development Division, the Company Jul 2017 Executive Officer; Deputy General Manager, Software Development Division; General Manager, Intermedia Platform Development Department, the Company Apr 2019 General Manager, Software Development Department, Product Business Division, the Company Jun 2022 Deputy General Manager, Next-Generation Technology Development Division, the Company Feb 2023 Director; General Manager, Software Development Division, the Company Apr 2024 Director; General Manager, Software Development Division; General Manager, Brand Design Department, the Company (current)
1974-10-08
Daisuke HIROOKA
Director
Apr 2001 Joined the Company Nov 2020 Executive Officer; General Manager, Hardware Development Department, Product Business Division, the Company Jun 2022 General Manager, Next-Generation Technology Development Division; General Manager, 3rd Development Department, the Company Feb 2023 Director; General Manager, Product Development Division; General Manager, Hardware Development Department, the Company (current)
1976-06-30
Nobukatsu ENDO
Director
Apr 1997 Joined Innotech Corporation Jun 2004 Joined Allied Telesis K.K. May 2014 Joined Genesis Holdings Co., Ltd. Apr 2015 Joined Wise Corporation Co., Ltd. Nov 2015 Joined the Company Oct 2016 General Manager, 1st Sales Department, Sales Division, the Company Jul 2020 Executive Officer; General Manager, Corporate Sales Division; General Manager, 2nd Sales Department, the Company Feb 2023 Director; General Manager, Corporate Sales Division; General Manager, 2nd Sales Department, the Company (current)
1972-11-24
Yui NARITA
Director
Apr 1993 Joined Vitec Co., Ltd. May 2004 Joined Pantech Wireless Japan K.K. Apr 2011 Assistant Manager, Sales Department, Pantech Wireless Japan K.K. Nov 2015 Joined the Company; Sales Division, 2nd Sales Department Feb 2016 Business Planning Department, Business Planning Division, the Company Apr 2021 General Manager, Business Planning Department, Business Planning Division, the Company Aug 2023 General Manager, Business Planning Department, the Company Nov 2024 Director; General Manager, Business Planning Department, the Company (current)
1974-08-16
Toru IWAI
Director
May 2001 Joined Kos Co., Ltd. (now Horiba Advanced Techno Co., Ltd.), Administration Department Mar 2011 Joined Toyo Tec Co., Ltd., Accounting Department Apr 2013 Joined Yokata Industries Co., Ltd.; General Manager, Global Accounting Jul 2014 Joined the Company; Administration Department, Accounting Group Feb 2018 General Manager, Management Accounting Department, Business Planning Division, the Company Jun 2019 Director; General Manager, Administration, A-Stage Inc. (current) Sep 2023 General Manager, Management Division; General Manager, Information Systems Department, the Company Nov 2024 Director; General Manager, Management Division; General Manager, Information Systems Department, the Company (current)
1968-12-13
Komei MANABE
Outside Director
Apr 2012 Joined Tsukishima Kikai Co., Ltd. (now Tsukishima Holdings Co., Ltd.) Nov 2014 Founded Swipe Inc. (now PocketPlot Inc.); Representative Director (current) Nov 2024 Outside Director, the Company (current)
1988-11-19
Toyokazu FUJIWARA
Standing Audit & Supervisory Board Member
Apr 1987 Joined Toshiba Corporation Sep 2001 Representative Director, Business Travel Japan Co., Ltd. Oct 2003 Group Leader, Business Planning Group, Video Business Unit, Toshiba Corporation Apr 2010 Group Leader, Business Planning Group, Digital Media Business Unit, Toshiba Corporation Apr 2014 Group Leader, New Business Development Office Planning Group, Toshiba Lifestyle Products & Services Corporation Jun 2016 Group Leader, New Business Development Department Planning Group, Toshiba Visual Solutions Corporation Mar 2021 Group Leader, R&D Center Planning & Management Group, TVS REGZA Inc. Dec 2023 Audit & Supervisory Board Member, the Company (current)
1963-07-30
Masayoshi HIRAMATSU
Audit & Supervisory Board Member
Apr 1986 Joined Hitachi, Ltd. Apr 1999 Section Manager, PC Design Department 1st Group, Office Systems Business Unit, Hitachi, Ltd. Apr 2000 Group Leader (Section Manager), Media Station Design Department, Internet Platform Business Unit, Hitachi, Ltd. Apr 2007 Group Leader (Section Manager), Product Strategy Planning Department, Marketing Business Unit, Consumer Business Group, Hitachi, Ltd. Jul 2009 Group Leader (Section Manager), Domestic Marketing Department, Video Solutions Business Unit, Hitachi Consumer Electronics Co., Ltd. Apr 2013 Section Manager, StarBoard Solutions Division, Product Solutions Business Unit, Hitachi Solutions, Ltd. Nov 2015 Section Manager, VECLOS Section, Management Planning Office, Thermos K.K. Apr 2020 Manager, Information Management Section, Marketing Department, Thermos K.K. (current) Dec 2023 Audit & Supervisory Board Member, the Company (current)
1963-11-30
Atsushi SODAIDA
Audit & Supervisory Board Member
Apr 1990 Joined Obayashi Corporation Jun 1999 Seconded to Atelier G&B Co., Ltd. Jun 2011 Director, Atelier G&B Co., Ltd. Jun 2014 Managing Director, Atelier G&B Co., Ltd. Apr 2021 Representative Director, Atelier G&B Co., Ltd. Mar 2025 Established DY Design First-Class Architect Office (current) Dec 2025 Audit & Supervisory Board Member, the Company (current)
1964-12-08
Large Shareholding Reports
Evo Fund
2026-10-13
59.94%
Evo Fund
2026-10-07
59.94%→0.00%
Evo Fund
2026-09-29
60.71%→59.94%
Evo Fund
2026-06-23
61.90%→60.71%
Evo Fund
2026-06-19
65.44%→61.90%
Evo Fund
2026-06-16
66.52%→65.44%
Evo Fund
2026-05-13
66.71%→66.52%
Evo Fund
2026-05-08
67.80%→66.71%
Evo Fund
2026-04-20
68.87%→67.80%
Evo Fund
2026-04-13
71.11%→69.95%
Evo Fund
2026-04-13
71.73%→71.11%
Evo Fund
2026-04-13
69.95%→68.87%
Evo Fund
2026-04-07
71.12%→69.97%
Evo Fund
2026-04-01
71.73%→71.12%
Evo Fund
2026-03-26
74.54%→71.73%
Evo Fund
2026-03-24
74.54%
Evo Fund
2025-09-08
5.62%→1.27%
Evo Fund
2025-09-05
6.70%→5.62%
Evo Fund
2025-09-02
8.29%→6.70%
Evo Fund
2025-08-28
9.51%→8.29%
Evo Fund
2025-08-26
11.69%→9.51%
Evo Fund
2025-08-22
13.00%→11.69%
Evo Fund
2025-08-20
14.71%→13.00%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-13
Large Shareholding Report
EDINET
2026-10-07
Large Shareholding Report
EDINET
2026-09-29
Large Shareholding Report
EDINET
2026-09-17
Securities Registration Statement
TDnet
2026-08-14
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-06-23
Large Shareholding Report
EDINET
2026-06-19
Large Shareholding Report
EDINET
2026-06-16
Large Shareholding Report
EDINET
2026-05-15
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
EDINET
2026-05-13
Large Shareholding Report
EDINET
2026-05-08
Large Shareholding Report
EDINET
2026-04-20
Large Shareholding Report
EDINETAmended
2026-04-13
Change Report
EDINET
2026-04-13
Large Shareholding Report
EDINETAmended
2026-04-13
Change Report
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-04-01
Large Shareholding Report
EDINET
2026-03-26
Large Shareholding Report
EDINET
2026-03-24
Large Shareholding Report
EDINETAmended
2026-03-13
Amended Securities Registration Statement
TDnet
2026-02-13
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2026-02-02
Securities Registration Statement
EDINET
2025-12-26
Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINET
2025-09-08
Large Shareholding Report
EDINET
2025-09-05
Large Shareholding Report
EDINET
2025-09-02
Large Shareholding Report
EDINET
2025-08-28
Large Shareholding Report
EDINET
2025-08-26
Large Shareholding Report
EDINET
2025-08-22
Large Shareholding Report
EDINET
2025-08-20
Large Shareholding Report
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