<SEC-DOCUMENT>0001213900-26-031209.txt : 20260318
<SEC-HEADER>0001213900-26-031209.hdr.sgml : 20260318
<ACCEPTANCE-DATETIME>20260318195121
ACCESSION NUMBER:		0001213900-26-031209
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260318
FILED AS OF DATE:		20260318
DATE AS OF CHANGE:		20260318

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Gruhn Patrick
		CENTRAL INDEX KEY:			0002107048
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41752
		FILM NUMBER:		26771584

	MAIL ADDRESS:	
		STREET 1:		16455 WILLIAM FOSS RD
		CITY:			LA PINE
		STATE:			OR
		ZIP:			97739

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Perpetuals.com Ltd
		CENTRAL INDEX KEY:			0001944399
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			M0
		FISCAL YEAR END:			0430

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		3F MR BUILDING, 5-7-11 UENO
		STREET 2:		TAITO-KU
		CITY:			TOKYO
		PROVINCE COUNTRY:   	M0
		BUSINESS PHONE:		81 03-5614-0978

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		3F MR BUILDING, 5-7-11 UENO
		STREET 2:		TAITO-KU
		CITY:			TOKYO
		PROVINCE COUNTRY:   	M0

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Earlyworks Co., Ltd.
		DATE OF NAME CHANGE:	20220829
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0607</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2026-03-18</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001944399</issuerCik>
        <issuerName>Perpetuals.com Ltd</issuerName>
        <issuerTradingSymbol>PDC</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002107048</rptOwnerCik>
            <rptOwnerName>Gruhn Patrick</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5-7-11, UENO, TAITO-KU</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TOKYO</rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode>110-0005</rptOwnerZipCode>
            <rptOwnerStateDescription>JAPAN</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Co-Chief Executive Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Ordinary Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1294860</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Series P Preferred Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>22529840</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents 1,294,860 Ordinary Shares and 22,529,840 Series P Preferred Shares, issuable pursuant to a Share Exchange Agreement by and among Earlyworks Co., Ltd. (now Perpetuals.com Ltd), Perpetual Markets Ltd., a company organized under the laws of Cyprus (&quot;Perpetual&quot;), and the shareholders of Perpetual listed therein, dated December 28, 2025. The Series P Preferred Shares currently do not have voting rights and are not convertible into Ordinary Shares. Subject to and effective upon receipt of the requisite shareholder approvals, the Series P Preferred Shares will become convertible into Ordinary Shares of Earlyworks Co., Ltd. on a one-for-one basis and will have the voting rights set forth in the applicable governing documents.</footnote>
        <footnote id="F2">As of the date of this filing, none of the 1,294,860 Ordinary Shares and 22,529,840 Series P Preferred Shares has been issued. The issuance of such securities remains subject to the required approvals under the Foreign Exchange and Foreign Trade Act of Japan (Act No. 228 of 1949, as amended) and related regulations in accordance with Japanese law.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Patrick Gruhn</signatureName>
        <signatureDate>2026-03-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
