NOTE
8– OTHER NON-CURRENT ASSETS
The
following table summarizes the components of the Group’s other assets as of the dates presented:
SCHEDULE
OF OTHER NON-CURRENT ASSETS
| | |
March
31, 2026 | | |
March
31, 2025 | |
| | |
Thousands
of Yen | |
| | |
March
31, 2026 | | |
March
31, 2025 | |
| Long-term prepaid
expenses | |
¥ | 95,852 | | |
¥ | 9,098 | |
| Long-term investments (*) | |
| - | | |
| 270,000 | |
| Investment securities | |
| 39,084 | | |
| 39,084 | |
| Investments in capital | |
| 30,030 | | |
| 26,400 | |
| Insurance funds | |
| 24,035 | | |
| 16,850 | |
| Others | |
| 2,601 | | |
| 2,176 | |
| Total | |
¥ | 191,602 | | |
¥ | 363,608 | |
| * | The
Company sold condominiums in Miyanomori, Hokkaido in April 2024 to a third party, and purchased
a 40.8% interest of equity method in the specified joint real estate venture that owns these
condominiums for ¥270,000 thousand in August
2024. The investment, which is classified as long-term investments in the above table. The
purchase was accounted for as an equity-method investment under ASC 323, Investments –
Equity Method and Joint Ventures. The investment was redeemed during
the year ended March 31, 2026. |
LOGPROSYLE
INC.
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
|