Leases (Tables)

6 Months Ended

Oct. 31, 2025

Leases [Abstract]

Schedule of Store Lease Detail Information

The Company’s leases mainly consist of store rent and copier rent. The store lease detail information is listed below:

Store	Lease Term Due
Maison Monrovia*	August 31, 2055 (with extension)
Maison San Gabriel	November 30, 2030
Maison El Monte**	July 14, 2028
Maison Monterey Park	May 1, 2028
Lee Lee - Peoria store	January 31, 2044 (with extension)
Lee Lee - Chandler store	February 8, 2049 (with extension)
Lee Lee - Tucson store	December 31, 2050 (with extension)

* On April 1, 2023, the Company renewed lease of Maison Monrovia for additional five years with new monthly based rent of $40,000 for first year and 3% increase for each of the next four years. On July 6, 2023, the Company and the lessor entered an amendment to lease, pursuant to which the lessor will provide monthly basic rent abatement of $5,000 from August 1, 2023 through March 31, 2024, $2,500 from April 1, 2024 through March 31, 2025, and $1,000 from April 1, 2025 through March 31, 2026. As a result of increased monthly base rent, the Company remeasured the lease and determined the ROU and lease liability of this lease increased by $3.62 million for each.

** Lease for Maison El Monte was terminated early on June 7, 2025. For more information, see Note 21.

The copier lease detail information was listed below:

Store	Lease Term Due
Maison Monrovia	January 1, 2028
Maison San Gabriel	January 1, 2028
Maison Monterey Park	August 1, 2027

Schedule of Operating ROU Assets and Lease Liabilities

The Company’s operating ROU assets and lease liabilities were as follows:

	October 31, 2025		April 30, 2025
Operating ROU:
ROU assets – supermarket leases	$	34,651,293	$	35,669,333
ROU assets – copier leases		13,165		24,007
Total operating ROU assets	$	34,664,458	$	35,693,340

	October 31, 2025		April 30, 2025
Operating lease obligations:
Current operating lease liabilities	$	3,447,820	$	3,403,852
Non-current operating lease liabilities		34,326,434		35,180,573
Total lease liabilities	$	37,774,254	$	38,584,425

Schedule of Operating Lease Liabilities

As of October 31, 2025, the five-year maturity of the Company’s operating lease liabilities was as following:

Twelve Months Ended October 31,	Operating lease liabilities
2026	$	3,447,820
2027		3,503,445
2028		3,155,054
2029		2,671,633
2030		2,753,367
Thereafter		48,033,080
Total future undiscounted lease payments		63,564,399
Less: interest		(25,790,145	)
Present value of lease liabilities	$	37,774,254