Pixie Dust Technologies Appointed Nobuhiro Takagi And Nobufusa Tarumi As Co-CFOs Effective March 13, 2024, Succeeding Mr. Mamoru Miwa

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 the appointment of Nobuhiro Takagi and Nobufusa Tarumi as co-Chief Financial Officer ("co-CFO"), effective March 13, 2024. Messrs. Takagi and Tarumi succeed Mr. Mamoru Miwa, whose resignation was not the result of any disagreement or conflict with the Company, its operations, policies, or practices. The role of the Company's Chief Accounting Officer ("CAO"), previously held by Nobuhiro Takagi, will be assumed by the co-CFOs.

Mr. Takagi has served as the CAO of the Company since November 2023, and previously served as an audit manager at KPMG AZSA LLC, Tokyo from July 2017 to September 2020. Mr. Takagi graduated from Keio University in Tokyo, Japan in March 2003.

Mr. Tarumi has served as the Treasury Manager for the Company since September 2023. Mr. Tarumi Mr. Tarumi has roughly two decades of experience in the equity capital markets, working within the Equity Capital Market Department at SBI SECURITIES Co., Ltd. and Mizuho Securities Co., Ltd. since 2004. Mr. Tarumi graduated from the University of Tokyo in Tokyo, Japan in March 2002. 

"On behalf of Pixie Dust Technologies, I am pleased to announce Mr. Takagi and Mr. Tarumi as our new co-CFOs," said CEO Yoichi Ochiai. "Their extensive experience in finance and equity markets will be instrumental in driving Pixie Dust Technologies' growth initiatives moving forward. With both Mr. Takagi and Mr. Tarumi already being current members of our team, we anticipate and aim to further strengthen our financial well-being, enabling us to pursue new opportunities to expand our enterprise technology."