UPCYCLE Technologies Co., Ltd. (the “Company”) hereby announces that it has completed a change in its shareholder structure and a third-party allotment capital increase, resulting in a total funding of JPY 35 million and a renewal of its management structure.
This marks an important step in accelerating the social implementation of the Company’s circular economy business centered on its low-temperature catalytic carbonization technology.
■ 100% Founder Ownership to Enable Faster Decision-Making
All shares of the Company previously held by PNH Co., Ltd. have been transferred to Masatsuna Ogi, resulting in 100% ownership by the founder.Through this change, the Company has fully integrated ownership and management under founder leadership.
This enables overwhelmingly faster decision-making across product development, business expansion, and capital strategy.
■ JPY 35 Million Capital Raise
The Company has conducted a third-party allotment of new shares to the following subscribers:
- Masatsuna Ogi: JPY 25 million
- Satomi Ogi: JPY 10 million
The funds raised will be primarily allocated to:
- Prototype manufacturing
- Catalyst research and biochar utilization studies
■ Post-Financing Capital Structure
- Capital: JPY 19.5 million
- Capital reserve: JPY 17.5 million
By strengthening its financial base, the Company is preparing for future large-scale fundraising and participation by external investors.
■ “Turning Waste into Resources” — Building Next-Generation Infrastructure
As global demand grows for solutions to food waste and decarbonization, the Company’s low-temperature catalytic carbonization technology provides a new option: converting waste into valuable resources without incineration.
The Company aims to update conventional waste treatment models that rely on incineration and composting, and to build a “circular infrastructure” that achieves both environmental impact reduction and economic rationality.
Furthermore, rather than relying on one-off value creation dependent on carbon credit-based biochar, the Company is working to establish a “circular business model” that continuously converts waste into valuable resources.
