v3.26.1
Unaudited Interim Condensed Statements of Cash Flows
6 Months Ended
Oct. 31, 2025
JPY (¥)
Oct. 31, 2025
USD ($)
Oct. 31, 2024
JPY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss ¥ (149,573,866) $ (970,943) ¥ (110,165,612)
Adjustment to reconcile net loss to net cash generated from operating activities:      
Depreciation expense 1,488,666 9,664 461,262
Loan origination fee 115,500
Foreign currency exchange loss (gain) (13,426,530) (87,157) 6,839,511
Unrealized loss (gain) on digital assets (308,691) (2,004) 32,471
Changes in assets and liabilities      
Accounts receivable (6,209,900) (40,311) 12,402,329
Contract assets 10,404,464 67,539 3,125,699
Pledged assets (21,000,000) (136,319)
Prepayments (9,761,629) (63,367) (18,039,172)
Digital assets (104,663)
Other current assets, net 39,597
Income taxes, net 8,276 54 325
Accounts payable (176,056) (1,143) 8,047,429
Contract liabilities 2,404,025
Other payables and accrued liabilities (7,574,733) (49,171) (610,177)
NET CASH USED IN OPERATING ACTIVITIES (196,129,999) (1,273,158) (95,451,476)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from redemption of time deposit 100,000,000
Purchases of property and equipment (227,091)
Advance payment for software purchase (31,800,000)
Receipt of government grants 20,000,000
NET CASH PROVIDED BY INVESTING ACTIVITIES 87,972,909
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance of ordinary shares for cash 14,779,968 95,943
Issuance of warrants 653,075,244 4,239,372
Repayment of loans (7,602,000) (49,348) (111,100,000)
Proceeds from secured borrowings 65,000,000 421,941
Repayment of secured borrowings (25,000,000) (162,285)
Proceeds from borrowings from a director 45,000,000 292,113
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 745,253,212 4,837,736 (111,100,000)
EFFECT OF EXCHANGE RATE 13,426,530 87,157 (6,839,511)
CHANGE IN CASH AND RESTRICTED CASH 562,549,743 3,651,735 (125,418,078)
CASH AND RESTRICTED CASH, AT BEGINNING OF PERIOD 135,865,626 881,958 369,397,355
CASH AND RESTRICTED CASH, AT PERIOD END 698,415,369 4,533,693 243,979,277
Cash paid (received) for:      
Interest 2,557,348 16,601 676,500
Income taxes (2,275) (15) (325)
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 16,270,203 $ 105,616
RECONCILIATION OF CASH AND RESTRICTED CASH REPORTED IN THE BALANCE SHEETS:      
Cash 666,929,116   212,493,024
Restricted cash 31,486,253   31,486,253
Total cash and restricted cash shown in the statements of cash flows ¥ 698,415,369   ¥ 243,979,277