Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| Summary of Significant Accounting Policies [Abstract] |
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| Schedule of Expected Economic Useful Lives |
The expected economic useful lives of the Company’s assets are as follows: | | | Useful life | | Property and buildings | | 35-50 years | | Land | | Infinite | | Leasehold improvements | | Lesser of useful life and lease term | | Equipment and furniture | | 2-18 years | | Automobiles | | 4-6 years | | Software | | 5 years |
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| Schedule of Total Revenue by Geographic Areas |
The summary of the Company’s total revenue by geographic areas for the fiscal years ended March 31, 2026, 2025, and 2024 was as follows: | | | For the Fiscal Years Ended March 31, | | | | | 2026 | | | 2025 | | | 2024 | | | Hong Kong market | | $ | 235,960,125 | | | $ | 104,685,311 | | | $ | 100,982,052 | | | Japan domestic market | | | 93,334,102 | | | | 62,190,446 | | | | 57,381,922 | | | The United States market | | | 32,126,830 | | | | 19,515,109 | | | | 17,193,899 | | | Other overseas markets | | | 11,802,762 | | | | 23,728,372 | | | | 20,123,442 | | | Total revenue | | $ | 373,223,819 | | | $ | 210,119,238 | | | $ | 195,681,315 | |
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| Schedule of Total Revenue by Product Categories |
The summary of the Company’s total revenue by product categories for the fiscal years ended March 31, 2026, 2025, and 2024 was as follows: | | | For the Fiscal Years Ended March 31, | | | | | 2026 | | | 2025 | | | 2024 | | | Luxury products | | $ | 149,416,839 | | | $ | 35,357,960 | | | $ | 90,189,723 | | | Beauty products | | | 128,797,535 | | | | 81,374,101 | | | | 50,114,893 | | | Electronic products | | | 42,887,751 | | | | 47,969,875 | | | | 34,901,681 | | | Other products and services (1) | | | 24,114,318 | | | | 6,863,823 | | | | 9,459,577 | | | Collectible cards and trendy toys | | | 19,003,183 | | | | 11,408,517 | | | | - | | | Sundry products | | | 7,675,788 | | | | 20,275,598 | | | | 6,083,770 | | | Health products | | | 1,328,405 | | | | 6,869,364 | | | | 4,931,671 | | | Total revenue | | $ | 373,223,819 | | | $ | 210,119,238 | | | $ | 195,681,315 | | | (1) | Other products and services include primarily food, such as soft drinks, packaged snacks, tea and coffee, fruit juice, and mineral water, and alcoholic beverages, cigarettes, and pet food. It also includes revenue from advertising services through KOLs as well as supporting services to the online celebrities. |
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| Schedule of Total Revenue by Distribution Channels |
The summary of the Company’s total revenue by distribution channels for the fiscal years ended March 31, 2026, 2025, and 2024 was as follows: | | | For the Fiscal Years Ended March 31, | | | | | 2026 | | | 2025 | | | 2024 | | | Franchise stores and wholesale customers | | $ | 346,748,488 | | | $ | 185,520,491 | | | $ | 170,023,914 | | | Directly-operated physical stores | | | 19,787,252 | | | | 17,105,488 | | | | 14,951,952 | | | Online stores and services | | | 6,688,079 | | | | 7,493,259 | | | | 10,705,449 | | | Total revenue | | $ | 373,223,819 | | | $ | 210,119,238 | | | $ | 195,681,315 | |
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| Schedule of Currency Exchange Rates used in Creating Consolidated Financial Statements |
The following table outlines the currency exchange rates that were used in creating the consolidated financial statements in this report: | | | March 31, 2026 | | | March 31, 2025 | | | | March 31, 2024 | | | | | Year-end
spot rate | | Average
rate | | | Year-end
spot rate | | | | Average
rate | | | | Year-end
spot rate | | | | Average
rate | | | US$ against YEN | | ¥1=US$0.00629 | | ¥1=US$0.00664 | | | ¥1=US$0.00666 | | | | ¥1=US$0.00657 | | | | ¥1=US$0.00661 | | | | ¥1=US$0.00692 | | | US$ against HK | | $HK$1=US$0.12755 | | HK$1=US$0.12814 | | | HK$1=US$0.12856 | | | | HK$1=US$0.12833 | | | | HK$1=US$0.12778 | | | | HK$1=US$0.12780 | | | US$ against RMB | | RMB1=US$0.14497 | | RMB1=US$0.14081 | | | RMB1=US$0.13769 | | | | RMB1=US$0.13858 | | | | RMB1=US$0.13850 | | | | RMB1=US$0.13953 | | | US$ against MYR | | MYR1=US$0.24708 | | MYR1=US$0.24022 | | | MYR1=US$0.22540 | | | | MYR1=US$0.22226 | | | | MYR1=US$0.21175 | | | | MYR1=US$0.21548 | | | US$ against CAD | | CAD1=US$0.71669 | | CAD1=US$0.72371 | | | CAD1=US$0.70018 | | | | CAD1=US$0.71899 | | | | CAD1=US$0.73855 | | | | CAD1=US$0.74162 | | | US$ against AUD | | AUD1=US$0.68550 | | AUD1=US$0.66859 | | | - | | | | - | | | | - | | | | - | |
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