NEW
YORK and TOKYO,
May 28,
2024 /PRNewswire/ - Pixie Dust Technologies,
Inc. (Nasdaq: PXDT) (the "Company"), a Japanese
technology company focused on commercializing innovative products
and materials utilizing proprietary wave control technology,
announced its expected business outlook for the fiscal year ended
April 30, 2024.
Business Outlook for FY2024
- Based on current expectations, unaudited and unreviewed
total revenue is expected to be in the range of 1.00 –
1.02 billion yen, which is an increase of 41.9% to
44.7% from approximately 0.70 billion
yen for the fiscal year ended April
30, 2023.
Forward-Looking Statements
Certain statements contained in this press release are
"forward-looking statements" made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements reflect the Company's current
expectations or beliefs concerning future events and actual events
may differ materially from current expectations. Words such as
"expect," "anticipate," "should," "believe," "hope," "target,"
"project," "aim," "objective," "goal," "estimate," "potential,"
"predict," "may," "will," "might," "could," "intend," variations of
these terms or the negative of these terms and similar expressions
are intended to identify these forward-looking statements. Any such
forward-looking statements are subject to various risks and
uncertainties, many of which involve factors or circumstances that
are beyond the Company's control, including but not limited to the
strength of the economy, changes to the market for securities, the
effects of inflation and its associated impact on prevailing
interest rates, political or financial instability, and other
factors which are set forth in the Company's prospectus that forms
a part of the Registration Statement on Form F-1 (File No.
333-272476), as amended, and in all filings with the SEC made by
the Company subsequent to the filing thereof (including, without
limitation, the Company's most recent annual report filed under
cover of Form 20-F). The forward-looking statements included in
this press release represent the Company's views as of the date of
this press release. The Company anticipates that subsequent events
and developments will cause its views to change. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the
date of this press release. The Company does not undertake to
publicly update or revise its forward-looking statements, whether
as a result of new information, future events or otherwise.
About Pixie Dust Technologies, Inc.
Pixie Dust Technologies, Inc. is a Japanese technology company
focused on commercializing innovative products and materials
utilizing proprietary wave technology. The Company is currently
focusing on two areas of product development: (1) "Personal Care
& Diversity", where wave control technology is applied to
mechanobiology and intervention/assistance in vision, hearing, and
touch, and (2) "Workspace & Digital Transformation," where
metamaterials (technology that creates properties through structure
rather than material) and solutions to commercial design problems,
such as in offices or construction sites, are applied.
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SOURCE Pixie Dust Technologies