v3.26.1
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
Mar. 31, 2026
USD ($)
Mar. 31, 2026
JPY (¥)
Dec. 31, 2025
JPY (¥)
CURRENT ASSETS      
Cash $ 15,574,347 ¥ 2,477,567,162 ¥ 2,524,082,266
Accounts receivable, net 4,945,794 786,776,869 731,083,491
Inventories, net 86,345 13,735,828 21,578,477
Prepaid expenses 1,593,377 253,474,342 158,040,280
Other current assets 282,998 45,019,332 38,219,685
TOTAL CURRENT ASSETS 22,482,861 3,576,573,533 3,473,004,199
NON-CURRENT ASSETS      
Property and equipment, net 626,475 99,659,727 96,456,471
Intangible assets, net 168,982 26,881,643 29,631,015
Operating lease right-of-use assets 3,000,478 477,316,039 482,694,859
Finance lease right-of-use assets 1,431,509 227,724,404 236,908,226
Long-term deposits 979,477 155,815,142 150,216,792
Long-term investment 157,506 25,056,000 5,736,500
Deferred tax assets, net 927,625 147,566,531 164,082,227
Goodwill 176,012 27,999,994 27,999,994
Other non-current assets 56,768 9,030,715 8,470,398
TOTAL NON-CURRENT ASSETS 7,524,832 1,197,050,195 1,202,196,482
TOTAL ASSETS 30,007,693 4,773,623,728 4,675,200,681
CURRENT LIABILITIES      
Short-term loans 628,615 100,000,000 100,000,000
Current portion of long-term loans 721,813 114,826,000 151,030,000
Bond payable, current 502,892 80,000,000 40,000,000
Accounts payable 1,353,575 215,326,762 196,849,154
Accrued liabilities 6,719,886 1,068,999,496 1,160,996,435
Income tax payable 177,232 28,193,977 43,499,500
Contract liabilities, current 498,972 79,376,490 154,074,620
Operating lease liabilities, current 915,108 145,575,433 138,880,117
Finance lease liabilities, current 556,521 88,531,359 88,017,810
Other current liabilities 1,217,517 193,682,649 176,592,537
TOTAL CURRENT LIABILITIES 13,292,131 2,114,512,166 2,249,940,173
NON-CURRENT LIABILITIES      
Long-term loans, net of current portion 52,615 8,370,000 24,422,000
Bond payable, non-current 1,078,635 171,589,348 18,175,440
Contract liabilities, non-current 54,441 8,660,455 12,817,448
Operating lease liabilities, non-current 2,091,078 332,648,745 347,365,643
Finance lease liabilities, non-current 854,414 135,920,091 144,989,192
Assets retirement obligations 194,117 30,880,049 30,775,915
TOTAL NON-CURRENT LIABILITIES 4,325,300 688,068,688 578,545,638
TOTAL LIABILITIES 17,617,431 2,802,580,854 2,828,485,811
SHAREHOLDERS’ EQUITY      
Ordinary shares, 80,000,000 shares authorized; 26,560,660 shares issued and 26,160,61 shares outstanding as of December 31, 2025 and March 31, 2026 2,576,271 409,833,241 409,833,241
Additional paid-in capital 4,946,610 786,906,631 786,906,631
Treasury shares, 400,041 shares as of December 31,2025 and March 31, 2026 (628,692) (100,012,265) (100,012,265)
Retained earnings 5,496,073 874,315,267 749,987,263
TOTAL SHAREHOLDERS' EQUITY 12,390,262 1,971,042,874 1,846,714,870
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 30,007,693 ¥ 4,773,623,728 ¥ 4,675,200,681