NOTE 4 - LONG-TERM INVESTMENT |
6 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Investments, Debt and Equity Securities [Abstract] | |
| NOTE 4 - LONG-TERM INVESTMENT | NOTE 4 - LONG-TERM INVESTMENT
The Company’s long-term investment consist of equity investments without readily determinable fair value. For those investments over which the Company does not have significant influence and without readily determinable fair value, the Company records them at cost, less impairment, and plus or minus subsequent adjustments for observable price changes, in accordance with ASC 321, “Investments Equity Securities”. Under this measurement alternative, changes in the carrying value of the equity investments are required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. During November 2024, the Company purchased 1,250 shares of Mint Productions Inc in the amount of JPY50,000,000, approximately $ as of March 31, 2025. During six months ended March 31, 2025, no impairment loss was recognized for this investment.
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