BloomZ Inc. Ordinary Shares / "Tax" | Tables in SEC filings

BLMZ BloomZ Inc. Ordinary Shares

14 Feb 25

Annual report (foreign)

5:28pm

	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

	Years Ended September 30,												Change (2023 vs. 2022)
(in thousands, except change % data)	2023 ($)			2023 (¥)			2022 ($)			2022 (¥)			$		¥		YoY %
Revenue
Audio production and talent management business		427			63,835			804			120,121			(377)		(56,286)		(46.9	)%
Internet business		384			57,442			125			18,630			259		38,812		208.3	%
Workshop business		34			5,054			39			5,805			(5)		(751)		(12.9	)%
Distributions from investments		13			1,982			6			847			7		1,135		134.0	%
Total Revenue		858			128,313			974			145,403			(116)		(17,090)		(11.8	)%
Costs and Expenses
Cost of revenue		558			83,308			720			107,617			(162)		(24,309)		(22.6	)%
Selling, General and Administrative Expenses		345			51,626			186			27,809			159		23,817		85.6	%
Depreciation and amortization		55			8,264			21			3,156			34		5,108		161.9	%
Total Costs and Expenses		958			143,198			927			138,582			31		4,616		3.3	%
Operating (Loss)/Income		(100)			(14,885)			47			6,821			(147)		(21,706)		(318.2	)%
% of revenue		(11.6	)%		(11.6	)%		4.7	%		4.7	%
Net interest expense		(12)			(1,723)			(1)			(78)			(11)		(1,645)		2,109.0	%
Net other income		5			812			—			8			5		804		10,050.0	%
(Loss)/Income before income tax		(107)			(15,796)			46			6,751			(153)		(22,547)		(334.0	)%
Income tax expense		—			—			44			6,510			(44)		(6,510)		100.0	%
Net (Loss)/Income		(107)			(15,796)			2			241			(109)		(16,037)		(6,654.4	)%

	For the Fiscal Years Ended September 30,
	2024		2023		2022
Audit fees(1)	$	68,679	$	177,439	$	254,258
Audit-Related fees		36,597		-		-
Tax fees		-		-		-
All other fees(2)		-		-		-
Total	$	105,276	$	177,439	$	254,258

	Fiscal Years Ended September 30,												Change (2024 vs. 2023)
(in thousands, except change % data)	2024($)			2024(¥)			2023($)			2023(¥)			$		¥		YoY %
Revenue
Sound production and talent management business		803			114,987			446			63,835			357		51,152		80.1	%
Internet business		639			91,564			401			57,442			238		34,122		59.4	%
Workshop business		33			4,679			35			5,054			(2)		(375)		(7.4	%)
Distributions from investments		61			8,798			14			1,982			47		6,816		343.9	%
Total Revenue		1,536			220,028			896			128,313			640		91,715		71.5	%
Costs and Expenses
Cost of revenue		1,074			153,879			582			83,308			492		70,571		84.7	%
Selling, General and Administrative Expenses		1,665			238,471			360			51,626			1,305		186,845		361.9	%
Depreciation and amortization		95			13,580			58			8,264			37		5,316		64.3	%
Total Costs and Expenses		2,834			405,930			1,000			143,198			1,834		262,732		183.5	%
Operating Loss		(1,298)			(185,902)			(104)			(14,885)			(1,194)		(171,017)		1,148.9	%
% of revenue		-84.5	%		-84.5	%		(11.6	%)		(11.6	%)
Interest income (expense), net		(1)			(131)			(12)			(1,723)			11		1,592		(92.4	%)
Other income (loss)		(244)			(34,990)			6			812			(250)		(35,802)		(4,409.1	%)
Loss before income tax		(1,543)			(221,023)			(110)			(15,796)			(1,433)		(205,227)		1,299.2	%
Income tax expense		-			-			-			-			-		-		0.0	%
Net Loss		(1,543)			(221,023)			(110)			(15,796)			(1,433)		(205,227)		1,299.2	%

	Yen in thousands
	As of September 30,
	2024		2023
Deferred tax assets:
Deferred revenue	¥	—	¥	850
Lease liability		3,287		849
Net operating loss carryforwards		26,004		9,316
Other		2,334		1,315
Total deferred tax assets		31,625		12,330
Deferred tax liabilities:
Deferred costs		-		-
Lease asset		3,287		849
Other		2,910		1,116
Total deferred tax liabilities		6,197		1,965
Less: Valuation allowance		(25,428)		(10,365)
Net deferred tax assets/(liabilities)	¥	—	¥	—

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