SCHEDULE 13G/A 0001104659-25-048786 0002068546 XXXXXXXX LIVE 1 American Depositary Shares 09/30/2025 0002018462 PicoCELA Inc. 71989C109 2-34-5 Ningyocho, SANOS Building, Nihonb Tokyo M0 103-0013 Rule 13d-1(d) EXEO Group Inc. M0 57594.00 0.00 57594.00 0.00 57594.00 N 4.9 CO FI As of September 30, 2025, the Reporting Person beneficially owned 1,727,820 shares, representing approximately 4.99% of the Issuer's 34,614,207 shares outstanding, and therefore ceased to be the beneficial owner of more than five percent of the Issuer's shares. On January 26, 2026, the Issuer effected a 1-for-30 reverse stock split, pursuant to which the Reporting Person's holdings were reduced from 1,727,820 shares to 57,594 shares. The reverse stock split did not result in any change in the Reporting Person's proportional ownership, which remains below five percent. PicoCELA Inc. 2-34-5 Ningyocho, SANOS Building, Nihonbashi, Chuo-ku, Tokyo, M0 103-0013 Exeo Group Inc. 29-20 Shibuya 3-chome, Shibuya-ku Tokyo 150-0002, Japan Japan Y 57,594 4.99 57,594 N Y Y Y Y Y Y EXEO Group Inc. /s/ Keigo Kajimura 03/11/2026