v3.26.3
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2026
JPY (¥)
Jun. 30, 2025
JPY (¥)
Cash flows from operating activities      
Net income $ 473,998 ¥ 77,076,840 ¥ 53,706,198
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization expense 393,590 64,001,684 66,679,088
Provision for expected credit loss 16,462 2,676,936 5,788,690
Loss (Gain) on disposal of property and equipment (1,796) (292,080) 168,973
Loss on disposal of ROU asset 15 2,401
Provision for inventory impairment 3,517 571,851 719,481
Unrealized loss on short-term investment 224,000
Unrealized gain on long-term investment (28,692) (4,665,574)
Other non-cash expenses 32,281 5,249,247 215,875
Deferred tax expense 120,813 19,645,365 (7,941,095)
Changes in operating assets and liabilities      
Accounts receivable, net 451,251 73,377,882 24,970,807
Inventories (17,687) (2,876,133) 450,516
Prepaid expenses (6,381) (1,037,620) 65,923,967
Long-term deposits (111,523) (18,134,685) (119,850)
Other current assets 74,180 12,062,482 (8,421,744)
Other non-current assets (79,808) (12,977,588) (7,728,297)
Accounts payable (703,021) (114,318,251) (20,679,625)
Accrued liabilities 151,972 24,712,089 47,765,059
Contract liabilities 1,303,493 211,960,952 217,944,834
Operating lease liabilities (36,547) (5,942,925) 3,212,036
Income tax payable (170,361) (27,702,400) (72,782,600)
Amount due to a director (1,000,000)
Other current liabilities (311,685) (50,683,167) (56,292,856)
Net cash provided by operating activities 1,554,070 252,707,306 312,803,457
Cash flows from investing activities      
Purchase of investment securities (101,989) (16,584,426)
Purchase of property and equipment (35,803) (5,821,892) (42,125,175)
Purchase of intangible assets (52,568) (8,548,150) (5,045,000)
Acquisition, net of cash acquired (1,119,485) (182,039,420)
Net cash used in investing activities (1,309,845) (212,993,888) (47,170,175)
Cash flows from financing activities      
Payment of finance lease liabilities (309,001) (50,246,590) (43,752,315)
Repayment of bank loans (581,563) (94,568,000) (156,105,000)
Proceeds from bond payable 1,185,861 192,832,900
Repayment of bond payable (122,994) (20,000,000) (20,000,000)
Payment of deferred IPO costs (86,232,087)
Net cash (used in) provided by financing activities 172,304 28,018,310 (306,089,402)
Net (decrease) increase in cash 416,528 67,731,728 (40,456,120)
Cash at the beginning of period 15,522,307 2,524,082,266 2,538,554,638
Cash at the end of the period 15,938,835 2,591,813,994 2,498,098,518
Supplementary cash flow information      
Cash paid for income taxes, net of refunds 236,162 38,402,329 75,570,835
Cash paid for interest expenses 23,372 3,800,582 8,637,073
Non-cash financing and investing activities      
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 557,131 90,595,070 270,231,476
Finance lease right-of-use assets obtained in exchange for finance lease liabilities $ 489,535 ¥ 79,603,279 ¥ 68,425,346