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Consolidated Statements of Cash Flows (Unaudited) - JPY (¥)
¥ in Thousands
6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss ¥ (201,134) ¥ (18,416)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 11,661 6,635
Foreign currency translation gains (7,129)
Changes in Operating Assets and Liabilities:    
Accounts Receivable 9,076 (7,751)
Short-term loan Receivable 78,391
Prepaid expenses and other current assets 19,568 (4,450)
Deferred costs 42,070 (18,308)
Other Assets 637
Accounts payable and accrued expenses (7,495) 17,898
Other current liabilities (17,212) 87,428
Net cash (used in)/provided by operating activities (71,567) 63,036
Cash flows from investing activities:    
Purchase of intangible assets – participation rights (79,950)
Net cash used in investing activities (79,950)
Cash flows from financing activities    
Proceeds from cash issuance of shares 10,151
Payment of deferred offering costs (17,761) (41,351)
Repayments of long-term debt (3,120) (1,020)
Repayment of lease liabilities (2,697) (1,600)
Proceeds from a loan from related party 30,000
Net cash (used in)/provided by financing activities (13,427) (13,971)
Effect of exchange rate change on cash and cash equivalents 7,129
Net (decrease)/increase in cash and cash equivalents (77,865) (30,885)
Cash and cash equivalents at beginning of period 148,639 59,955
Cash and cash equivalents at end of period 70,774 29,070
Supplemental disclosures of cash flow information:    
Cash paid for interest 134 92
Cash paid for income taxes