| Schedule of Intangible Assets |
The components of intangible assets as of April 30, 2025 and 2026 are as follows:
| | | April 30,
2025 | | | April 30,
2026 | | | April 30,
2026 | | | | | JPY | | | JPY | | | USD | | | Intangible assets subject to amortization | | | | | | | | | | | | | | Legacy software - cost* | | | 11,800,000 | | | | 11,800,000 | | | | 75,322 | | | Accumulated amortization - legacy software | | | (1,180,000 | ) | | | (3,540,000 | ) | | | (22,596 | ) | | | | | | | | | | | | | | | | Total intangible assets, net | | | 10,620,000 | | | | 8,260,000 | | | | 52,726 | | | * | During the year ended April 30, 2025, the Company purchased software with an original purchase price of JPY31,800,000 (USD222,954). In connection with the purchase, the Company received a government grant of JPY20,000,000 (USD140,223). The grant was offset against the gross acquisition cost, resulting in a net cost basis of JPY11,800,000 (USD82,731). The software is amortized on a straight-line basis over five years. |
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| Schedule of Amortization Expense for Intangible Assets |
Estimated amortization of the Company’s legacy software is as follows: | Years ending April 30, | | JPY | | | USD | | | 2027 | | | 2,360,000 | | | | 15,064 | | | 2028 | | | 2,360,000 | | | | 15,064 | | | 2029 | | | 2,360,000 | | | | 15,064 | | | 2030 | | | 1,180,000 | | | | 7,532 | | | 2031 | | | - | | | | - | | | Thereafter | | | - | | | | - | | | Total | | | 8,260,000 | | | | 52,726 | |
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