BANK AND OTHER BORROWINGS (Tables)
|
12 Months Ended |
Mar. 31, 2025 |
|---|
| Debt Disclosure [Abstract] |
|
| SCHEDULE OF BANK AND OTHER BORROWINGS |
The
Group’s outstanding indebtedness borrowed from banks and other financial institutions, consist of the following:
SCHEDULE
OF BANK AND OTHER BORROWINGS
| Indebtedness | |
Weighted average interest
rate* | | |
Weighted average
years to maturity* | | |
Balance as
of March 31, 2025 | | |
Balance as
of March 31, 2024 | |
| | |
| | |
Thousands of Yen | |
| Indebtedness | |
Weighted average interest
rate* | | |
Weighted average
years to maturity* | | |
Balance as
of March 31, 2025 | | |
Balance as
of March 31, 2024 | |
| Short-term loans | |
| | | |
| | | |
| | | |
| | |
| Secured loans | |
| | | |
| | | |
| | | |
| | |
| Fixed rate loans | |
| 2.55 | % | |
| 0.58 | | |
¥ | 1,842,700 | | |
¥ | 2,510,820 | |
| Unsecured loans | |
| | | |
| | | |
| | | |
| | |
| Fixed rate loans | |
| 2.80 | % | |
| 0.67 | | |
| 50,000 | | |
| 75,001 | |
| Aggregate outstanding principal balances | |
| 2.55 | % | |
| 0.58 | | |
¥ | 1,892,700 | | |
¥ | 2,585,821 | |
| | |
| | | |
| | | |
| | | |
| | |
| Less: unamortized debt issuance costs | |
| | | |
| | | |
¥ | (7,441 | ) | |
¥ | (11,087 | ) |
| Short-term loans | |
| | | |
| | | |
¥ | 1,885,259 | | |
¥ | 2,574,734 | |
| | |
| | | |
| | | |
| | | |
| | |
| Long-term loans | |
| | | |
| | | |
| | | |
| | |
| Secured loans | |
| | | |
| | | |
| | | |
| | |
| Fixed rate loans | |
| 2.61 | % | |
| 1.90 | | |
| 9,718,249 | | |
| 9,251,677 | |
| Variable rate loans (*1) | |
| 3.50 | % | |
| 2.08 | | |
| 280,000 | | |
| 433,308 | |
| Unsecured loans | |
| | | |
| | | |
| | | |
| | |
| Fixed rate loans | |
| 1.50 | % | |
| 5.50 | | |
| 960,379 | | |
| 1,027,037 | |
| Aggregate outstanding principal balances | |
| 2.54 | % | |
| 2.22 | | |
¥ | 10,958,628 | | |
¥ | 10,712,022 | |
| | |
| | | |
| | | |
| | | |
| | |
| Less: unamortized debt issuance costs | |
| | | |
| | | |
¥ | (74,678 | ) | |
¥ | (87,885 | ) |
| Less: current portion | |
| | | |
| | | |
| (4,025,343 | ) | |
| (6,065,020 | ) |
| Non-current portion | |
| | | |
| | | |
¥ | 6,858,607 | | |
¥ | 4,559,117 | |
| * | Pertained to information
for loans outstanding as of March 31, 2025. |
| *1 | Annual interest
rate was long-term prime rate in Japan + 2.35%. |
|
| SCHEDULE OF SECURITY PLEDGED |
As
of March 31, 2025 and 2024, term deposits, inventories and property, plant and equipment, net pledged as security under secured loans
are as follows:
SCHEDULE
OF SECURITY PLEDGED
| | |
March 31, 2025 | | |
March 31, 2024 | |
| | |
Thousands of Yen | |
| | |
March 31, 2025 | | |
March 31, 2024 | |
| Term deposits | |
¥ | 5,000 | | |
¥ | 15,001 | |
| Inventories | |
| 13,137,928 | | |
| 13,226,634 | |
| Property, plant and equipment, net | |
| 84,386 | | |
| 78,532 | |
| Total | |
¥ | 13,227,314 | | |
¥ | 13,320,167 | |
|
| SCHEDULE OF GUARANTY INFORMATION FOR THE GROUP’S OUTSTANDING LOANS |
The
guaranty information for the Group’s outstanding loans as of March 31, 2025 and 2024, consist of the following:
SCHEDULE
OF GUARANTY INFORMATION FOR THE GROUP’S OUTSTANDING LOANS
| | |
March 31, 2025 | | |
March 31, 2024 | |
| | |
Thousands of Yen | |
| | |
March 31, 2025 | | |
March 31, 2024 | |
| Amounts guaranteed by CEO | |
| | | |
| | |
| Short-term loans | |
| | | |
| | |
| Secured loans | |
¥ | - | | |
¥ | 25,000 | |
| Unsecured loans | |
| - | | |
| 50,000 | |
| Subtotal | |
| - | | |
| 75,000 | |
| Long-term loans | |
| | | |
| | |
| Secured loans | |
| - | | |
| 450,000 | |
| Unsecured loans | |
| - | | |
| 121,168 | |
| Subtotal | |
| - | | |
| 571,168 | |
| Total | |
¥ | - | | |
¥ | 646,168 | |
|
| SCHEDULE OF FUTURE MINIMUM PAYMENT FOR LONG-TERM LOANS |
As
of March 31, 2025, future minimum payments for long-term loans are as follows:
SCHEDULE
OF FUTURE MINIMUM PAYMENT FOR LONG-TERM LOANS
| | |
Thousands of Yen | |
| Fiscal Years Ending March 31, | |
Principal
Repayment | |
| 2026 | |
¥ | 4,044,922 | |
| 2027 | |
| 5,350,415 | |
| 2028 | |
| 806,055 | |
| 2029 | |
| 160,056 | |
| 2030 | |
| 158,785 | |
| Thereafter | |
| 438,395 | |
| Total | |
¥ | 10,958,628 | |
|