v3.26.3
Property and Equipment, Net
 12 Months Ended
Apr. 30, 2026
Property and Equipment, Net [Abstract]  
Property and equipment, net

Note 7 – Property and equipment, net

 

Property and equipment consist of the following:

 

    April 30,
2025		     April 30,
2026		     April 30,
2026		  
    JPY     JPY     USD  
At cost:                  
Buildings     -       32,052,686       204,598  
Land     -       48,878,627       312,000  
Vehicles     -       82,150,770       524,381  
Computer hardware and equipment     -       48,802,405       311,519  
Furniture, fixtures and office equipment     3,994,348       12,366,424       78,938  
Leasehold improvements     -       523,678       3,343  
Total cost     3,994,348       224,774,590       1,434,779  
Accumulated depreciation     (3,066,490 )     (109,786,295 )     (700,780 )
Property and equipment, net     927,858       114,988,295       733,999  

 

The acquired PML subgroup had property and equipment with a consolidated carrying amount of JPY129,438,101 (USD826,236) as of the January 20, 2026 Acquisition Date. Depreciation expense for the years ended April 30, 2024, 2025 and 2026 was JPY1,083,322, JPY827,117 and JPY21,830,096 (USD139,346), respectively.