v3.26.3
Consolidated Balance Sheets
Apr. 30, 2026
USD ($)
Apr. 30, 2026
JPY (¥)
Apr. 30, 2025
JPY (¥)
CURRENT ASSETS:      
Cash $ 847,761 ¥ 132,810,235 ¥ 104,379,373
Digital assets 1,727 270,479 153,764
Accounts receivable, net 56,575 8,863,082 9,139,641
Contract assets 17,208,508
Prepayments 70,557 11,053,463 9,350,670
Short-term deposits 19,766 3,096,509 3,096,509
Income tax receivable 46 7,281 8,276
Value added tax receivable 111,362 17,446,008
Other current assets, net 101,406 15,886,340
TOTAL CURRENT ASSETS 1,573,349 246,480,947 143,336,741
Property and equipment, net 733,999 114,988,295 927,858
Goodwill 62,384,443 9,773,146,875
Intangible assets 52,726 8,260,000 10,620,000
Operating lease right-of-use assets 355,042 55,620,856 3,471,991
Long-term deposits 4,199 657,740 657,740
Restricted cash 200,985 31,486,253 31,486,253
TOTAL ASSETS 65,304,743 10,230,640,966 190,500,583
LIABILITIES AND SHAREHOLDERS’ EQUITY:      
Accounts payable 94,364 14,783,085 12,167,638
Short-term borrowings and current portion of long-term debt 97,051 15,204,000 15,204,000
Other payables and accrued liabilities 652,165 102,168,225 52,466,403
Other payable- investment deferred payment 11,128,136 1,743,333,735
Value added tax payable 48,581 7,610,707
Operating lease liabilities, current 179,644 28,143,016 2,775,741
TOTAL CURRENT LIABILITIES 13,236,511 2,073,631,861 82,613,782
Loans to related parties, noncurrent 3,936,268 616,655,809
Post-employment retirement benefits liability 40,027 6,270,652
Bank loans – non-current, net 119,080 18,655,000 33,859,000
Operating lease liabilities, non-current 170,558 26,719,606
TOTAL LIABILITIES 17,502,444 2,741,932,928 116,472,782
Commitments and contingencies
Mezzanine equity:      
Participating Convertible Preference Virtual Shares: nil and 470 shares as of April 30, 2025 and 2026, respectively 2,067,069 323,826,972
SHAREHOLDERS’ EQUITY:      
Ordinary shares, 55,300,000 and 285,411,408 shares authorized as of April 30, 2025 and 2026, respectively; 15,076,900 and 33,872,687 shares issued and outstanding as of April 30, 2025 and 2026, respectively 63,833 10,000,000 50,000,000
P series preferred shares, nil and 53,051,000 shares authorized, issued and outstanding as of April 30, 2025 and 2026. 21,644,500 3,390,827,370
Additional paid-in capital 55,469,509 8,689,853,269 2,210,480,581
Cumulative translation adjustment 18,416 2,885,038
Accumulated deficit (31,461,028) (4,928,684,611) (2,186,452,780)
TOTAL SHAREHOLDERS’ EQUITY 45,735,230 7,164,881,066 74,027,801
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY 65,304,743 10,230,640,966 190,500,583
Related Party      
CURRENT ASSETS:      
Receivables from related parties 364,149 57,047,550
LIABILITIES AND SHAREHOLDERS’ EQUITY:      
Payables to related parties 1,036,570 162,389,093
Loans to related parties, noncurrent $ 3,936,268 ¥ 616,655,809