NOTE
8– OTHER NON-CURRENT ASSETS
The
following table summarizes the components of the Group’s other assets as of the dates presented:
SCHEDULE
OF OTHER NON-CURRENT ASSETS
| | |
March 31, 2025 | | |
March 31, 2024 | |
| | |
Thousands of Yen | |
| | |
March 31, 2025 | | |
March 31, 2024 | |
| Long-term investments (*) | |
¥ | 270,000 | | |
¥ | - | |
| Investment securities | |
| 39,084 | | |
| 39,084 | |
| Investments in capital | |
| 26,400 | | |
| 20,850 | |
| Insurance funds | |
| 16,850 | | |
| 9,282 | |
| Others | |
| 11,274 | | |
| 4,636 | |
| Total | |
¥ | 363,608 | | |
¥ | 73,852 | |
| * | The
Company sold condominiums
in Miyanomori, Hokkaido in April 2024 to a third party, and purchased a 40.8%
interest of equity method in the specified joint real estate venture that owns these condominiums
for ¥270,000
thousand in August
2024. The investment, which is classified as long-term investments in the above table. The
purchase was accounted for as an equity-method investment under ASC 323, Investments –
Equity Method and Joint Ventures, and continues to be accounted for under the equity
method of accounting. |
|