| Schedule of components of provision (benefit) for income taxes |
| Schedule of components of provision (benefit) for income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Fiscal Years Ended |
|
| |
|
February 29, 2024 |
|
|
February 28, 2025 |
|
|
February 28, 2026 |
|
|
February 28, 2026 |
|
| |
|
JPY |
|
|
JPY |
|
|
JPY |
|
|
US$ |
|
| |
|
(In thousands) |
|
| Current |
|
|
703,501 |
|
|
|
953,843 |
|
|
|
1,030,260 |
|
|
|
6,602 |
|
| Deferred |
|
|
(163,968 |
) |
|
|
(271,623 |
) |
|
|
(327,464 |
) |
|
|
(2,098 |
) |
| Income tax provisions |
|
|
539,533 |
|
|
|
682,220 |
|
|
|
702,796 |
|
|
|
4,504 |
|
|
| Schedule of deferred income tax assets and liabilities |
| Schedule
of deferred income tax assets and liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of February 28, 2025 |
|
|
As of February 28, 2026 |
|
|
As of February 28, 2026 |
|
| |
|
JPY |
|
|
JPY |
|
|
US$ |
|
| |
|
(In thousands) |
|
| Deferred tax assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Net operating loss carry forward |
|
|
42,664 |
|
|
|
- |
|
|
|
- |
|
| Reserves and accruals |
|
|
103,206 |
|
|
|
102,018 |
|
|
|
654 |
|
| Investments |
|
|
114,471 |
|
|
|
143,115 |
|
|
|
917 |
|
| Property and equipment |
|
|
324,129 |
|
|
|
645,383 |
|
|
|
4,136 |
|
| Leases |
|
|
1,440,267 |
|
|
|
1,485,057 |
|
|
|
9,517 |
|
| Contract liabilities |
|
|
426,987 |
|
|
|
482,804 |
|
|
|
3,094 |
|
| Others |
|
|
63,539 |
|
|
|
40,708 |
|
|
|
261 |
|
| Valuation allowance |
|
|
(116,210 |
) |
|
|
(145,120 |
) |
|
|
(931 |
) |
| Total deferred tax assets |
|
|
2,399,053 |
|
|
|
2,753,965 |
|
|
|
17,648 |
|
| Net off against deferred tax liabilities |
|
|
(1,711,688 |
) |
|
|
(1,725,571 |
) |
|
|
(11,058 |
) |
| Net deferred tax assets |
|
|
687,365 |
|
|
|
1,028,394 |
|
|
|
6,590 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Deferred tax liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Prepayments and other assets |
|
|
(69,827 |
) |
|
|
(77,878 |
) |
|
|
(499 |
) |
| Deferred costs |
|
|
(314,337 |
) |
|
|
(414,821 |
) |
|
|
(2,658 |
) |
| Leases |
|
|
(1,279,764 |
) |
|
|
(1,248,060 |
) |
|
|
(7,998 |
) |
| Others |
|
|
(47,760 |
) |
|
|
(46,325 |
) |
|
|
(297 |
) |
| Total deferred tax liabilities |
|
|
(1,711,688 |
) |
|
|
(1,787,084 |
) |
|
|
(11,452 |
) |
| Net off against deferred tax assets |
|
|
1,711,688 |
|
|
|
1,725,571 |
|
|
|
11,058 |
|
| Net deferred tax liabilities |
|
|
- |
|
|
|
(61,513 |
) |
|
|
(394 |
) |
|
| Schedule of valuation allowance for deferred tax assets |
| Schedule of valuation allowance for deferred tax assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Fiscal Years Ended |
|
| |
|
February 29, 2024 |
|
|
February 28, 2025 |
|
|
February 28, 2026 |
|
|
February 28, 2026 |
|
| |
|
JPY |
|
|
JPY |
|
|
JPY |
|
|
US$ |
|
| |
|
(In thousands) |
|
| Valuation allowance, beginning of year |
|
|
240,934 |
|
|
|
213,318 |
|
|
|
116,210 |
|
|
|
745 |
|
| Additions |
|
|
5,484 |
|
|
|
2,047 |
|
|
|
28,659 |
|
|
|
184 |
|
| Reversals |
|
|
(33,592 |
) |
|
|
(99,120 |
) |
|
|
- |
|
|
|
- |
|
| Foreign exchange translation adjustments |
|
|
492 |
|
|
|
(35 |
) |
|
|
251 |
|
|
|
2 |
|
| Valuation allowance, end of year |
|
|
213,318 |
|
|
|
116,210 |
|
|
|
145,120 |
|
|
|
931 |
|
|