v3.26.3
Consolidated Statements of Financial Position
¥ in Thousands, $ in Thousands
Jun. 30, 2026
USD ($)
Jun. 30, 2026
JPY (¥)
Jun. 30, 2025
JPY (¥)
Current assets      
Cash and cash equivalents $ 736 ¥ 119,654 ¥ 13,348
Term deposit 863 140,263 1,800
Accounts receivable, net 6,870 1,117,090 1,014,513
Accounts receivable – related party, net 107
Net investment in sublease, current 814 132,303 172,233
Inventories, net 102 16,566 15,255
Other current assets, net 475 77,203 35,466
Total current assets 9,860 1,603,079 1,252,722
Non-current assets      
Property and equipment, net 2,011 326,988 989,408
Investments in an associate 138 22,490 16,902
Operating lease right-of-use assets, net 4,745 771,614 848,971
Finance lease right-of-use assets, net 74 11,959 17,855
Deferred tax assets, net 1,124 182,756 66,408
Net investment in sublease, non-current 686 111,532 111,513
Deferred offering costs 207,471
Financial assets at fair value through profit or loss 620 100,820
Other non-current assets 1,137 184,936 162,814
Total non-current assets 10,535 1,713,095 2,421,342
Total assets 20,395 3,316,174 3,674,064
Current liabilities      
Bank and other borrowings, current 524 85,284 116,150
Accounts payable 1,129 183,655 258,183
Accounts payable – related party 105 17,073 12,900
Other payables and accruals 848 137,374 305,196
Income tax payable 1,916 311,543 168,295
Contract liabilities 22 3,583 348
Amount due to a related party 26,629
Operating lease liabilities, current 2,257 367,007 374,687
Finance lease liabilities, current 26 4,187 5,276
Total current liabilities 6,827 1,109,706 1,267,664
Non-current liabilities      
Bank and other borrowings, non-current 1,602 260,477 766,691
Asset retirement obligation 386
Operating lease liabilities, non-current 3,896 633,575 737,903
Finance lease liabilities, non-current 56 9,107 13,237
Rental deposits 558 90,752 90,752
Other non-current liabilities [1] 16,142
Total non-current liabilities 6,112 993,911 1,625,111
Total liabilities 12,939 2,103,617 2,892,775
Shareholders’ equity      
Ordinary shares (par value of US$0.0002 per share; 2,250,000,000 ordinary shares authorized, 4,875,000 and 5,004,661 ordinary shares issued and outstanding as of June 30, 2025 and 2026, respectively) [2] 1 161 157
Series A Preferred Shares (par value of US$0.0002 per share; 250,000,000 Series A Preferred Shares authorized, 200,000 Series A Preferred Shares issued and outstanding as of June 30, 2025 and 2026, respectively) [2] [3] 6 6
Share subscription receivable [3] (6) (6)
Merger reserve 5,366 872,637 459,207
Retained earnings 2,089 339,759 321,925
Total shareholders’ equity 7,456 [4] 1,212,557 781,289
Total liabilities and shareholders’ equity $ 20,395 ¥ 3,316,174 ¥ 3,674,064
[1] Long-term other payables consist of the payments for the lease of lighting equipment and the payment for the bank deposit. On July 31, 2024, the Company borrowed JPY162,000 thousand from Resona Bank, generating a margin payable of JPY18,945 thousand, which is scheduled to be repaid over a 15-year term. The balance was early repaid as of June 30, 2026.
[2] Giving retroactive effect to a share consolidation ratio of 10-to-1 on August 10, 2026 (Note 30)
[3] Less than US$1,000
[4] Less than JPY1,000 or US$1,000