X0202 SCHEDULE 13G 0002112246 XXXXXXXX LIVE American depositary shares, each representing one common share 03/31/2025 0002018462 PicoCELA Inc. 71989C208 2-34-5 Ningyocho, SANOS Building, Nihonb Tokyo M0 103-0013 Rule 13d-1(d) Shimizu Corporation M0 56548.00 0.00 56548.00 0.00 56548.00 N 1.4 CO Row 11 is based on 4,153,805 of the Issuer's common shares, no par value per share, outstanding as of January 26, 2026, as reported on the Issuer's Form 6-K filed with the Securities and Exchange Commission on January 20, 2026. Each of the Issuer's common shares are represented by one American depositary share. As of March 31, 2025, the Reporting Person owned 6.9% of the Issuer's outstanding common shares. As a result of subsequent dilution, the Reporting Person ceased to be the beneficial owner of more than 5% of the Issuer's outstanding common shares and, accordingly, this Schedule 13G also constitutes an exit filing for the Reporting Person. PicoCELA Inc. 2-34-5 Ningyocho, SANOS Building, Nihonbashi, Chuo-ku, Tokyo, M0, 103-0013 Shimizu Corporation 2-16-1 Kyobashi, Chuo-ku, Tokyo 104-8370, Japan Japan Y 56,548 1.4 56,548 0 56,548 0 N Y Y Y Y Y Y Shimizu Corporation /s/ Satoshi Koyama 04/09/2026