[1]	Giving retroactive effect to the 1 for 60 sub-division effected on October 24, 2024 and the 30 for 1 reverse share split effected on January 26, 2026.

Statements of Cash Flows - JPY (¥) ¥ in Thousands	12 Months Ended
Statements of Cash Flows - JPY (¥) ¥ in Thousands	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net loss	¥ (626,312)	¥ (479,921)	¥ (633,956)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	26,528	20,668	12,176
Loss on disposal of assets		28	43
Noncash operating lease expense	9,442	10,660	9,835
Share-based compensation expense	5,213
Changes in assets and liabilities:
Accounts receivable	169,679	(6,604)	52,728
Related party receivable	(30,829)	54,678	(48,693)
Inventories	(57,650)	(22,739)	(114,057)
Advance payments	(53,329)	79,100	(49,052)
Prepaid expenses and other current assets	5,288	(12,246)	(34,351)
Other assets	4,511	2,593	(3,921)
Accounts payable	(5,054)	30	1,736
Contract liabilities	41,562	75,307	47,915
Accrued expenses and other liabilities	(23,628)	46,293	29,646
Operating lease liabilities	(9,441)	(10,660)	(9,964)
Net cash used in operating activities	(544,020)	(242,813)	(739,915)
Cash flows from investing activities:
Purchases of property and equipment	(28,338)	(18,814)	(20,477)
Purchases of intangible assets	(17,659)	(25,211)
Net cash used in investing activities	(45,997)	(44,025)	(20,477)
Cash flows from financing activities:
Proceeds from borrowing	372,292	501,000	250,000
Payments on borrowing	(346,170)	(496,022)	(109,068)
Proceeds from bond		299,997
Repayments of bond	(299,997)
Proceeds from common shares issuance	1,241,458		9,890
Proceeds from class C preferred shares issuance		138,720	852,137
Payments on deferred offering costs	(299,452)	(128,049)	(77,700)
Net cash provided by financing activities	668,131	315,646	925,259
Net increase in cash and cash equivalents	78,114	28,808	164,867
Cash and cash equivalents at beginning of year	456,775	427,967	263,100
Cash and cash equivalents at end of year	534,889	456,775	427,967
Cash paid during the year for:
Interest	20,800	6,156	3,514
Income taxes
Non-cash activities:
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	¥ 7,691	¥ 10,797	¥ 10,365

Balance Sheets - JPY (¥)
¥ in Thousands

Sep. 30, 2025

Sep. 30, 2024

Current assets:

Cash and cash equivalents

¥ 534,889

¥ 456,775

Accounts receivable-trade, net

48,323

218,002

Inventories

264,286

206,636

Advance payments

67,742

14,413

Prepaid expenses and other current assets

44,979

50,267

Total current assets

992,442

947,487

Property and equipment, net

27,092

21,580

Other intangible assets, net

47,451

33,494

Operating lease right-of-use assets

9,975

11,726

Deferred offering costs

205,749

Other assets

10,206

14,717

Total assets

1,087,166

1,234,753

Current liabilities:

Accounts payable

1,330

6,384

Contract liabilities – current

55,084

40,300

Current portion of borrowings

261,940

217,970

Operating lease liabilities – current

7,387

7,423

Accrued expenses and other current liabilities

139,291

162,919

Total current liabilities

465,032

434,996

Contract liabilities - non-current

139,955

113,177

Borrowings - net of current portion

10,436

28,284

Bond payable

299,997

Operating lease liabilities - non-current

1,795

3,509

Total liabilities

617,218

879,963

Commitments and contingencies

SHAREHOLDERS’ EQUITY:

Common shares, no par value; 4,615,224 shares authorized; 1,153,806 shares issued and outstanding at September 30, 2025; 3,057,848 shares authorized; 764,462 shares issued and outstanding at September 30, 2024

^[1]

60,000

100,000

Additional paid-in capital

3,238,928

2,457,458

Accumulated deficit

(2,828,980)

(2,202,668)

Total shareholders’ equity

469,948

354,790

Total liabilities and shareholders’ equity

1,087,166

1,234,753

Related Party [Member]

Current assets:

Related party receivable

¥ 32,223

¥ 1,394

[1]

The number of shares presented above is adjusted retrospectively to reflect the 1 for 60 sub-division effected on October 24, 2024 and the 30 for 1 reverse share split effected on January 26, 2026. The number of authorized common shares presented above is adjusted retrospectively to reflect the change in the article of incorporation effected on October 24, 2024 and January 26, 2026.