v3.25.2
Property and Equipment, Net
 12 Months Ended
Mar. 31, 2025
Property and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 7 – PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net, consisted of the following:

 

   March 31,
2025		   March 31,
2024		 
Property and buildings  $3,137,725   $3,122,152 
Leasehold improvements   3,987,572    3,674,485 
Land   2,263,687    2,249,401 
Equipment and furniture   2,418,993    2,355,674 
Automobiles   183,274    158,925 
Software   2,438,029    606,559 
Subtotal   14,429,280    12,167,196 
Less: accumulated depreciation   (3,520,719)   (3,153,369)
Less: impairment on property and equipment.   (145,541)   
-
 
Property and equipment, net  $10,763,020   $9,013,827 

Depreciation expenses were $952,126, $1,232,611, and $1,226,496 for the fiscal years ended March 31, 2025, 2024, and 2023, respectively.

  

As of March 31, 2025 and 2024, the Company pledged a piece of land of 16,165 square feet with a carrying value of ¥340.1 million (approximately $2.3 million) as collateral to safeguard the Company’s bank borrowings from MUFG Bank (see Note 11).