| ACCRUED EXPENSES AND OTHER LIABILITIES |
Note 7 — ACCRUED EXPENSES AND OTHER LIABILITIES
Accrued expenses and other liabilities consisted of the following:
| Schedule of Accrued expenses and other liabilities |
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As of
February 28,
2025 |
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As of
February 28,
2026 |
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As of
February 28,
2026 |
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|
JPY |
|
|
JPY |
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|
US$ |
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| |
|
(In thousands) |
|
| Payroll payable |
|
|
277,988 |
|
|
|
451,776 |
|
|
|
2,895 |
|
| Accrued vacation liability* |
|
|
331,136 |
|
|
|
325,303 |
|
|
|
2,084 |
|
| Accrued operating expenses |
|
|
241,082 |
|
|
|
244,277 |
|
|
|
1,565 |
|
| Asset retirement obligation |
|
|
560,260 |
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|
|
481,668 |
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|
|
3,087 |
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| Finance lease liabilities |
|
|
107,594 |
|
|
|
157,523 |
|
|
|
1,010 |
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| Consumption tax payables |
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|
418,181 |
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|
|
392,211 |
|
|
|
2,513 |
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| Payables for purchasing long-lived assets |
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|
63,800 |
|
|
|
5,234 |
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|
|
34 |
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| Employee reimbursement payables |
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|
11,836 |
|
|
|
9,513 |
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|
|
61 |
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| Total |
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|
2,011,877 |
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|
|
2,067,505 |
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|
|
13,249 |
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| |
|
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|
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| Current |
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|
1,351,874 |
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|
|
1,389,432 |
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|
|
8,904 |
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| |
|
|
|
|
|
|
|
|
|
|
|
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| Non-current |
|
|
660,003 |
|
|
|
678,073 |
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|
|
4,345 |
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| * |
Accrued vacation liability represents the Company’s obligation for vested paid vacation benefits earned by employees and remaining unused. |
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