| RELATED PARTY TRANSACTIONS |
19. RELATED PARTY TRANSACTIONS
Related parties
The following is a list of related parties which
the Group has transactions with:
| No. | | Name of Related Parties | | Relationship | | 1 | | Mrs. Qi Xiaoyu | | Shareholder of the Company | | 2 | | Mr. Fuyunishiki Ryo | | Director and shareholder of the Company | | 3 | | Mr. Wu Zhihua | | Director, CEO and shareholder of the Company | | 4 | | Ms. Wu Shunyu | | Department head of Digital Marketing Sales | | 5 | | Ishiyama | | An equity method investee of the Group |
Amounts due to related parties
Amount due to related parties consisted of the
following for the periods indicated:
| | |
| |
As of September 30, | |
| | |
| |
2024 | | |
2023 | |
| Mrs. Qi Xiaoyu | |
Expenses paid on behalf of the Group | |
$ | - | | |
$ | 1,206,121 | |
| Mr. Fuyunishiki Ryo | |
Expenses paid on behalf of the Group | |
| 208,943 | | |
| 108,002 | |
| Mr. Wu Zhihua | |
Expenses paid on behalf of the Group | |
| - | | |
| - | |
| Ms. Wu Shunyu | |
Expenses paid on behalf of the Group | |
| 105,601 | | |
| 99,481 | |
| Total | |
| |
$ | 314,544 | | |
$ | 1,413,604 | |
Related party transactions
| | |
For the years ended
September 30, | |
| Nature | |
2024 | | |
2023 | | |
2022 | |
| Expenses paid on behalf of the Group by related parties | |
| | |
| | |
| |
| | |
| | |
| | |
| |
| Mrs. Qi Xiaoyu | |
$ | 6,669 | | |
$ | 1,480,137 | | |
$ | 1,165,096 | |
| Ms. Wu Shunyu | |
| 6,120 | | |
| 30,222 | | |
| 104,225 | |
| Mr. Fuyunishiki Ryo | |
| 433,680 | | |
| 218,038 | | |
| 78,240 | |
| Mr. Wu Zhihua | |
| - | | |
| - | | |
| 76,299 | |
| Total | |
$ | 446,469 | | |
$ | 1,728,398 | | |
$ | 1,424,460 | |
| | |
| | | |
| | | |
| | |
| Proceed of Interest-free loan from related parties | |
| | | |
| | | |
| | |
| Mrs. Qi Xiaoyu | |
$ | 2,815,899 | | |
$ | - | | |
$ | - | |
| Mr. Fuyunishiki Ryo | |
| 86,478 | | |
| - | | |
| - | |
| Mr. Wu Zhihua | |
| 129,090 | | |
| - | | |
| - | |
| Total | |
$ | 3,031,467 | | |
$ | - | | |
$ | - | |
| | |
| | | |
| | | |
| | |
| Repayment to (receivable from) related parties | |
| | | |
| | | |
| | |
| Mrs. Qi Xiaoyu | |
$ | 4,035,593 | | |
$ | - | | |
$ | - | |
| Mr. Fuyunishiki Ryo | |
| 428,409 | | |
| - | | |
| - | |
| Mr. Wu Zhihua | |
| 129,090 | | |
| - | | |
| - | |
| Ishiyama | |
| - | | |
| (35,990 | ) | |
| 34,552 | |
| Total | |
$ | 4,593,092 | | |
$ | (35,990 | ) | |
$ | 34,552 | |
|