| Significant Accounting Policies | NOTE 2 - SIGNIFICANT ACCOUNTING
POLICIES PRINCIPLES
OF CONSOLIDATION The consolidated financial statements
include the financial statements of its wholly-owned subsidiary, School TV. Intercompany transactions are eliminated. FISCAL YEAR On August 1, 2016, the Board of Directors of
the Company approved a resolution to change the Company's fiscal year end from November 30 to September 30, effective immediately
as of the date of the board resolution. As a result of this change, our fiscal year 2016 is a 10-month transition period beginning
December 1, 2015 through September 30, 2016. The accompanying Consolidated Financial Statements, and the Notes thereto, include
our results of operations and cash flows for the year ended September 30, 2017 and the 10-month transition period ended September
30, 2016. In addition, we have presented on the accompanying Consolidated Statements of Operations and Comprehensive Loss and Consolidated
Statements of Cash Flows our unaudited results of operations and cash flows for the comparable 10-month period ended September
30, 2015. ACCOUNTS RECEIVABLE AND ALLOWANCE Accounts receivable are recognized and
carried at the original invoice amount less allowance for any uncollectible amounts. An estimate for doubtful accounts is made
when collection of the full amount is no longer probable. Bad debts are written off against the allowance when identified. USE OF ESTIMATES The presentation of financial statements
in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial
statements and the reported amounts of revenue and expenses during the reporting periods. The most significant estimates and assumptions
made by management include going concern, valuation allowance on deferred income tax, inventory obsolescence and sales allowance.
Operating results in the future could vary from the amounts derived from management's estimates and assumptions. RELATED PARTY TRANSACTION A related party is generally defined
as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s
management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or
(iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to
be a related party transaction when there is a transfer of resources or obligations between related parties. The Company conducts
business with its related parties in the ordinary course of business. Transactions involving related parties
cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free market dealings
may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions
were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. Cash
equivalents The Company considers all highly liquid investments
with maturities of three months or less at the time of purchase to be cash equivalents. INVENTORIES Inventories, consisting of products
available for sale, are primarily accounted for using the first-in, first-out ("FIFO") method, and are valued at the lower
of cost or market value. This valuation requires the Company to make judgments, based on currently-available information, about
the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and
expected recoverable values of each disposition category. INTANGIBLE ASSETS Intangible assets representing two franchise
rights the Company leased from RE/MAX Japan are shown at cost less accumulated amortization. Intangible assets are amortized over
15 years. Intangible assets are periodically
evaluated for recoverability, and those evaluations take into account events or circumstances that warrant revised estimates of
useful lives or that indicate that impairment exists. FOREIGN CURRENCY TRANSLATION The Company maintains its books and
record in its local currency, Japanese YEN (“JPY”), which is a functional currency as being the primary currency of
the economic environment in which its operation is conducted. Transactions denominated in currencies other than the functional
currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary
assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency
using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements
of operations. The reporting currency of the Company
is the United States Dollars (“US$”) and the accompanying consolidated financial statements have been expressed in
US$. In accordance with ASC Topic 830-30, “Translation of Financial Statement”, assets and liabilities of the Company
whose functional currency is not US$ are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses
are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements
are recorded as a separate component of accumulated other comprehensive income within the statements of shareholders’ equity. Translation of amounts from the local
currency of the Company into US$1 has been made at the following exchange rates:
September 30, 2017
Current JPY: US$1 exchange rate 112.47
Average JPY: US$1 exchange rate 111.36 COMPREHENSIVE INCOME OR LOSS ASC Topic 220, “Comprehensive Income”,
establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive
income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income,
as presented in the accompanying consolidated statements of shareholders’ equity consists of changes in unrealized gains
and losses on foreign currency translation. REVENUE RECOGNITION The Company recognizes revenue when
it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following
criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been
rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured. COST OF REVENUES Cost of revenues consists of cost of
inventory, amortization of RE/MAX Japan franchise rights and other costs related to the lease of the franchise rights, and cost
paid to Investech Co. (See Note 7), all of which are directly attributable to the Company’s business practices. Net
loss per common share Net loss per common share is computed pursuant
to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by
the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by
dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during
each period. There were no potentially dilutive shares outstanding as of September 30, 2017 and 2016. On October 28, 2016, the Company performed
the forward stock split, whereby every one (1) share of the common stock was automatically reclassified and changed into twenty
(20) shares (the “20-for-1 Forward Stock Split”). The authorized number of shares and par value per share were not
be affected by the 20-for-1 Forward Stock Split. The Company’s capital accounts have been retroactively restated to reflect
the 20-for-1 Forward Stock Split. INCOME TAX The Company follows Section 740-10-30 of the
FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future
tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax
assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using
enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a
valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred
tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those
temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in
tax rates is recognized in the Statements of Operations in the period that includes the enactment date. The Company adopted section
740-10-25 of the FASB Accounting Standards Codification ("Section 740-10-25"). Section 740-10-25 addresses the determination
of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under
Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not
that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.
The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that
has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. RECENT
ACCOUNTING PRONOUNCEMENTS In November 2016, the FASB issued ASU
2016-18, “ Statement of Cash Flows (Topic 230): Restricted Cash” In December 2016, the FASB issued ASU
2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers” In January 2017, the FASB issued ASU
2017-03, “Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures
(Topic 323)”. In September 2017, the FASB issue ASU 2017-13,
“Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic
842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior
SEC Staff Announcements and Observer Comments”. This pronouncement provides additional clarification and implementation
guidance on the previously issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The effective date and transition
requirements for these amendments are the same as the effective date and transition requirements of ASU 2014-09, which is effective
for fiscal years, and for interim periods within those years, beginning after December 15, 2017. The adoption of ASU 2014-09 is
not expected to have a material impact on the Company’s consolidated financial statements. |
