| At September 30, | ||||||||
| 2024 | 2023 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | ¥ | 148,639 | ¥ | 59,955 | ||||
| Accounts receivable | 7,292 | 14,487 | ||||||
| Other receivable | 7,209 | 9,573 | ||||||
| Related party receivables | 555 | 3,214 | ||||||
| Short-term loan receivable - Related party | 200,362 | - | ||||||
| Prepaid expenses | 61,508 | 478 | ||||||
| Income tax receivable | 637 | 2,338 | ||||||
| Deferred costs | 176,264 | 27,628 | ||||||
| Deferred offering costs | - | 171,893 | ||||||
| Other current assets | 10,103 | 1,089 | ||||||
| Total Current Assets | 612,569 | 290,655 | ||||||
| Non-current assets: | ||||||||
| Right-of-Use assets | 10,465 | 2,774 | ||||||
| Property and equipment, net | 361 | 559 | ||||||
| Intangible assets, net | 105,278 | 20,185 | ||||||
| Other assets | 330 | 146 | ||||||
| Total Assets | ¥ | 729,003 | ¥ | 314,319 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | ¥ | 79,096 | ¥ | 28,396 | ||||
| Other payable | 5,843 | 6,640 | ||||||
| Related party payables | 2,041 | 49 | ||||||
| Deferred revenue | 119,335 | 33,839 | ||||||
| Current portion of lease liabilities | 5,414 | 2,774 | ||||||
| Current portion of long-term debt | 6,240 | 2,040 | ||||||
| Total Current Liabilities | 217,969 | 73,738 | ||||||
| Non-current liabilities: | ||||||||
| Long-term debt | 23,400 | 11,730 | ||||||
| Lease liabilities | 4,375 | - | ||||||
| Total liabilities | 245,744 | 85,468 | ||||||
| SHAREHOLDERS’ EQUITY: | ||||||||
| Share capital | ¥ | - | ¥ | - | ||||
| Ordinary shares, $0.00000002 par value – 2,500,000,000,000 shares authorized and 13,429,800 shares and 11,185,000 shares issued and outstanding as of September 30, 2024 and 2023, respectively* | ||||||||
| Additional paid-in capital | 720,771 | 245,340 | ||||||
| Accumulated deficit | (237,512) | (16,489) | ||||||
| Total shareholders’ equity | 483,259 | 228,851 | ||||||
| Total Liabilities & Equity | ¥ | 729,003 | ¥ | 314,319 | ||||
| Fiscal Years Ended September 30, | ||||||||||||
| 2024 | 2023 | 2022 | ||||||||||
| Cash flows from operating activities: | ||||||||||||
| Net (loss)/profit | ¥ | (221,023) | ¥ | (15,796) | ¥ | 241 | ||||||
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | 13,580 | 8,264 | 3,122 | |||||||||
| Foreign currency translation losses | 34,649 | - | ||||||||||
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts receivable | 12,217 | (13,326) | 7,215 | |||||||||
| Short-term loan Receivable | (200,362) | - | - | |||||||||
| Prepaid expenses and other current assets | (68,673) | (3,716) | 3,372 | |||||||||
| Deferred costs | (148,636) | (19,757) | 15,723 | |||||||||
| Other Assets | (182) | - | (148) | |||||||||
| Accounts payable | 51,894 | (24,993) | 21,119 | |||||||||
| Other current liabilities | 85,496 | 27,499 | 2,175 | |||||||||
| Net cash (used in)/provided by operating activities | (441,040) | (41,825) | 52,819 | |||||||||
| Cash flows from investing activities: | ||||||||||||
| Purchase of property, plant and equipment | - | (319) | (366) | |||||||||
| Purchase of intangible assets | (95,250) | (19,828) | (6,068) | |||||||||
| Net cash used in investing activities | (95,250) | (20,147) | (6,434) | |||||||||
| Cash flows from financing activities | ||||||||||||
| Proceed from issuance of shares | 715,446 | 233,600 | - | |||||||||
| Payment of deferred offering costs | (68,122) | (171,893) | - | |||||||||
| Proceed from long-term debt | 17,930 | - | - | |||||||||
| Repayments of long-term debt | (2,060) | (2,040) | (2,040) | |||||||||
| Repayment under lease liabilities | (3,571) | (3,220) | (200) | |||||||||
| Net cash provided by/(used in) financing activities | 659,623 | 56,447 | (2,240) | |||||||||
| Effect of exchange rate change on cash and cash equivalents | (34,649) | - | - | |||||||||
| Net increase/(decrease) in cash and cash equivalents | 88,684 | (5,525) | 44,145 | |||||||||
| Cash and cash equivalents at beginning of period | 59,955 | 65,480 | 21,335 | |||||||||
| Cash and cash equivalents at end of period | ¥ | 148,639 | ¥ | 59,955 | ¥ | 65,480 | ||||||
| Supplemental disclosures of cash flow information: | ||||||||||||
| Cash paid for interest | ¥ | 493 | ¥ | 1,723 | ¥ | 78 | ||||||
| Cash paid for income taxes | - | 6,510 | - | |||||||||
| Issuance of shares in connection with consulting agreement | 164,236 | - | - | |||||||||
| (in 1,000 JPY) Fiscal Years Ended September 30, | ||||||||
| 2023 | 2022 | |||||||
| Cash flows from operating activities: | ||||||||
| Net (loss)/income | ¥ | (15,796) | ¥ | 241 | ||||
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 8,264 | 3,122 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (13,326) | 7,215 | ||||||
| Prepaid expenses and other current assets | (3,716) | 3,372 | ||||||
| Deferred costs | (19,757) | 15,723 | ||||||
| Other Assets | — | (148) | ||||||
| Accounts payable | (24,993) | 21,119 | ||||||
| Other current liabilities | 27,499 | 2,175 | ||||||
| Net cash (used in)/provided by operating activities | (41,825) | 52,819 | ||||||
| Cash flows from investing activities: | ||||||||
| Purchase of property, plant, and equipment | (319) | (366) | ||||||
| Purchase of intangible assets | (19,828) | (6,068) | ||||||
| Net cash used in investing activities | (20,147) | (6,434) | ||||||
| Cash flows from financing activities | ||||||||
| Proceed from issuance of shares | 233,600 | — | ||||||
| Payment of deferred offering costs | (171,893) | — | ||||||
| Repayments of long-term debt | (2,040) | (2,040) | ||||||
| Repayment under lease liabilities | (3,220) | (200) | ||||||
| Net cash provided by/(used in) financing activities | 56,447 | (2,240) | ||||||
| Net (decrease)/increase in cash and cash equivalents | (5,525) | 44,145 | ||||||
| Cash and cash equivalents at beginning of period | 65,480 | 21,335 | ||||||
| Cash and cash equivalents at end of period | ¥ | 59,955 | ¥ | 65,480 | ||||
| Supplemental disclosures of cash flow information: | ||||||||
| Cash paid for interest | ¥ | 1,723 | ¥ | 78 | ||||
| Cash paid for income taxes | 6,510 | — | ||||||
| As of September 30, 2023 | ||||||||||||||||||||
| Payments due by period: | ||||||||||||||||||||
| Yen in thousands | Total | Less than 1 year | 1 – 3 years | 4 – 5 years | More than 5 years | |||||||||||||||
| Long-term debt principal payments | ¥ | 13,770 | ¥ | 2,040 | ¥ | 6,120 | ¥ | 4,080 | ¥ | 1,530 | ||||||||||
| Long-term debt interest payments | 640 | 175 | 357 | 99 | 9 | |||||||||||||||
| Operating lease payments | 2,774 | 2,774 | — | — | — | |||||||||||||||
| Total | ¥ | 17,184 | ¥ | 4,989 | ¥ | 6,477 | ¥ | 4,179 | ¥ | 1,539 | ||||||||||
| As of September 30, 2024 | ||||||||||||||||||||
| Payments due by period: | ||||||||||||||||||||
| Yen in thousands | Total | Less than 1 year | 1 – 3 years | 4 – 5 years | More than 5 years | |||||||||||||||
| Long-term debt principal payments | ¥ | 29,640 | ¥ | 6,240 | ¥ | 12,480 | ¥ | 10,920 | ¥ | — | ||||||||||
| Operating lease payments | 9,924 | 5,520 | 4,404 | — | — | |||||||||||||||
| Total | ¥ | 39,564 | ¥ | 11,760 | ¥ | 16,884 | ¥ | 10,920 | ¥ | — | ||||||||||
