v3.26.1
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 3 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2026
JPY (¥)
Mar. 31, 2025
JPY (¥)
Cash flows from operating activities      
Net income $ 781,544 ¥ 124,328,004 ¥ 122,540,262
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization expense 187,708 29,860,560 33,078,421
Provision for expected credit loss 13,190 2,098,333 2,231,985
Loss on disposal of property and equipment 4 168,969
Provision for inventory impairment 3,388 538,926 58,982
Unrealized loss on short-term investment 161,000
Unrealized gain on long-term investment (17,193) (2,735,074)
Unrealized foreign currency exchange loss 1,325,417
Other non-cash expenses (income) 4,307 685,062 (830,871)
Deferred tax expense 103,820 16,515,696 29,056,916
Changes in operating assets and liabilities      
Accounts receivable, net (363,287) 57,791,711 34,680,981
Inventories 45,912 (7,303,723) (792,788)
Prepaid expenses (600,120) 95,467,062 114,612,715
Long-term deposits (35,192) (5,598,350) (2,019,600)
Other current assets (42,744) (6,799,647) (17,654,864)
Other non-current assets (3,522) (560,317) 271,028
Accounts payable 116,153 18,477,608 218,656
Accrued liabilities (578,306) (91,996,939) (99,770,693)
Contract liabilities (495,695) (78,855,123) (85,961,299)
Operating lease liabilities (16,613) (2,642,777) (416,121)
Income tax payable (96,213) (15,305,523) (72,177,900)
Amount due to a director (1,000,000)
Other current liabilities 107,431 17,090,112 (264,810)
Net cash used in operating activities (885,432) (140,854,495) (239,485,430)
Cash flows from investing activities      
Purchase of investment securities (104,252) (16,584,426)
Purchase of property and equipment (36,597) (5,821,892) (1,795,476)
Purchase of intangible assets (835) (132,800) (3,085,000)
Net cash used in investing activities (141,684) (22,539,118) (4,880,476)
Cash flows from financing activities      
Payment of finance lease liabilities (148,972) (23,698,391) (20,256,439)
Repayment of bank loans (328,489) (52,256,000) (103,388,000)
Proceeds from bond payable 1,212,176 192,832,900
Payment of deferred IPO costs (58,000,138)
Net cash (used in) provided by financing activities 734,715 116,878,509 (181,644,577)
Effect of exchange rate (1,325,417)
Net decrease in cash (292,401) (46,515,104) (427,335,900)
Cash at the beginning of period 15,866,748 2,524,082,266 2,538,554,638
Cash at the end of period 15,574,347 2,477,567,162 2,111,218,738
Supplementary cash flow information      
Cash paid for income taxes 275,332 43,799,745 75,804,735
Cash paid for interest expenses $ 12,132 ¥ 1,930,021 ¥ 4,345,433