v3.26.3
Contract Liabilities
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Contract Liabilities

Note 5 — Contract Liabilities

 

Contract liabilities primarily represent advance payments received from customers. The opening and closing balances of contract liabilities are as follows:

 

               
   As of June 30, 
   2025   2026   2026 
   JPY   JPY   US$ 
Beginning balance   158,243,945    166,892,068    1,026,333 
Deposits received from customers   527,425,898    534,896,463    3,289,444 
Amounts recognized to revenue   (309,351,064)   (322,935,511)   (1,985,951)
Less: refunds to customers   (130,000)   -    - 
Ending balance   376,188,779    378,853,020    2,329,826 

 

Contract liabilities primarily consist of membership fees, registration fees and other amounts received from customers before the related services are provided. The Company recognizes these amounts as revenue as it satisfies the related performance obligations. During the six months ended June 30, 2026 and 2025, the Company recognized revenue of JPY134,195,713 (US$825,261) and JPY128,320,738, respectively, that was included in contract liabilities as of December 31, 2025 and 2024, respectively.