Significant
changes in the contract liabilities balances for the six months ended March 31, 2026, 2025, and 2024 were as follows (in thousands):
SCHEDULE
OF CONTRACT LIABILITIES
| | |
2026 | | |
2025 | | |
2024 | |
| | |
For the Six Months Ended March 31, | |
| | |
2026 | | |
2025 | | |
2024 | |
| Beginning balance | |
¥ | 195,039 | | |
¥ | 153,477 | | |
¥ | 78,170 | |
| Reclassification of the beginning contract liabilities to revenue, as a result of performance obligations satisfied | |
| (32,805 | ) | |
| (23,367 | ) | |
| (15,018 | ) |
| Cash received in advance and not recognized as revenue | |
| 26,791 | | |
| 35,046 | | |
| 45,828 | |
| Net change in contract liabilities | |
| (6,014 | ) | |
| 11,679 | | |
| 30,810 | |
| Ending balance | |
¥ | 189,025 | | |
¥ | 165,156 | | |
¥ | 108,980 | |
|