$LGPS

LOGPROSTYLE INC.

CIK:0002040290|SEC Filings

Consolidated Statements of Income and Comprehensive Income - JPY (¥) ¥ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
Revenue:	¥ 22,221,163	¥ 20,650,916	¥ 14,121,840
Cost of revenue	(17,812,742)	(17,091,646)	(11,469,951)
Gross profit	4,408,421	3,559,270	2,651,889
Operating expenses
Selling, general and administrative expenses	(2,836,841)	(2,216,754)	(1,713,388)
Total operating expenses	2,836,841	2,216,754	1,713,388
Operating income	1,571,580	1,342,516	938,501
Other income (expenses):
Interest expenses	(328,962)	(209,971)	(422,769)
Other income, net	8,586	15,699	4,227
Total other expenses	(320,376)	(194,272)	(418,542)
Income before income taxes	1,251,204	1,148,244	519,959
Income tax expenses	(491,243)	(394,623)	(196,354)
Net income	759,961	753,621	323,605
Other comprehensive income (loss)
Foreign currency translation adjustment	6,295	7,656	(7,273)
Total comprehensive income	¥ 766,256	¥ 761,277	¥ 316,332
Earnings per share:
Basic	¥ 32.16	¥ 34.76	¥ 15.37
Diluted	¥ 32.16	¥ 34.76	¥ 15.37
Weighted average number of shares of common stock outstanding
Basic	23,627,697	21,679,507	21,053,384
Diluted	23,627,697	21,679,507	21,053,384

Consolidated Statements of Cash Flows - JPY (¥) ¥ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net income	¥ 759,961	¥ 753,621	¥ 323,605
Depreciation and amortization	72,077	144,087	87,027
Amortization of debt issuance costs	8,292	84,928	40,787
Stock-based compensation expense	12,709
Deferred income taxes	18,079	91,910	76,049
Provision of allowance for credit losses	(2,792)	84,048
Changes in operating assets and liabilities:
(Increase) decrease in trade notes and accounts receivable, net	(22,874)	43,435	(43,872)
(Increase) in inventories, net	(2,942,681)	(93,927)	(2,944,684)
(Increase) decrease in consumption taxes receivable	(173,854)	63,639	239,859
(Increase) decrease in prepaid expenses	(104,298)	(44,678)	16,533
(Increase) decrease in advances to vendors	(17,743)	(70,369)	7,295
Decrease (increase) in leasehold and guarantee deposits	63,650	(119,560)	(3,614)
(Increase) decrease in long-term prepaid expenses	(86,754)	(6,639)	420
Increase (decrease) in accounts payables	72,493	(40,412)	(194,318)
Increase (decrease) in accrued expenses	19,187	(102,236)	105,822
Increase (decrease) in income taxes payable	94,893	182,562	(48,438)
Increase (decrease) in contract liabilities	7,926	(100,391)	207,881
(Decrease) increase in deposits received	(18,665)	20,510	(11,878)
Other, net	38,630	(85,891)	58,253
Net cash flows (used in) provided by operating activities	(2,201,764)	804,637	(2,083,273)
Cash flows from investing activities:
Purchase of short-term investments	(450,115)	(367,150)	(13,800)
Proceeds from sales of short-term investments	300,662	223,921	50,000
Purchases of property and equipment	(1,634,243)	(37,464)	(42,145)
Purchases of software	(2,584)	(19,563)	(3,186)
Purchases of long-term investments		(270,000)
Purchases of investment securities			(800)
Proceeds from redemption of long-term investments	270,000
Other, net	(4,356)	(5,599)	(3,607)
Net cash flows (used) in investing activities	(1,520,636)	(475,855)	(13,538)
Cash flows from financing activities:
(Decrease) in short-term borrowings, net	(276,590)	(685,830)	(283,069)
Borrowings from long-term loans	12,124,650	12,946,844	9,687,048
Repayments for long-term loans	(7,540,495)	(12,708,107)	(6,628,349)
Proceeds from issuance of bonds	50,000
Redemption of bonds	(33,500)	(49,270)	(49,309)
Payments for finance leases	(8,412)	(8,664)	(7,505)
Payment for debt issuance costs	(20,221)	(67,498)	(78,844)
Proceeds from issuance of shares		1,379,632	270,002
Payments for dividends	(78,703)
Payments of listing expenses	(331,966)	(235,037)
Purchase of treasury shares	(2,222)
Net cash flows provided by financing activities	3,882,541	572,070	2,909,974
Effect of exchange rate changes on cash and cash equivalents	1,257	1,422	(7,273)
Net increase in cash and cash equivalents	161,398	902,274	805,890
Cash and cash equivalents at the beginning of the year	2,120,515	1,218,241	412,351
Cash and cash equivalents at the end of the year	2,281,913	2,120,515	1,218,241
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	493,261	476,650	497,731
Cash paid for taxes	¥ 405,140	¥ 127,857	¥ 179,888

Consolidated Balance Sheets - JPY (¥) ¥ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Current assets
Cash and cash equivalents	¥ 2,281,913	¥ 2,120,515
Trade notes and accounts receivable, net	161,247	138,373
Inventories, net	16,555,068	13,612,387
Consumption tax receivable	179,603	5,749
Short-term investments	331,484	182,030
Other current assets	485,136	353,579
Total current assets	19,994,451	16,412,633
Non-current assets
Property, plant and equipment, net	1,929,365	357,527
Operating lease right-of-use assets	4,059,263	4,481,941
Software	20,464	27,792
Leasehold and guarantee deposits	402,318	465,968
Deferred tax assets	440,688	458,767
Other non-current assets	191,602	363,608
Allowance for credit losses	(81,256)	(84,048)
Total non-current assets	6,962,444	6,071,555
Total assets	26,956,895	22,484,188
Current liabilities
Accounts payable	338,534	597,708
Accrued expenses	131,848	112,661
Short-term loans	1,605,658	1,885,259
Current portion of bonds	6,318	28,620
Current portion of long-term loans	4,878,372	4,025,343
Operating lease liabilities, current	497,038	463,129
Finance lease liabilities, current	8,357	8,400
Contract liabilities	260,186	252,260
Income taxes payable	343,778	248,885
Other current liabilities	260,745	254,956
Total current liabilities	8,330,834	7,877,221
Non-current liabilities
Bonds	35,562
Long-term loans	10,584,054	6,858,607
Operating lease liabilities, non-current	3,647,248	4,090,933
Finance lease liabilities, non-current	12,768	19,062
Other non-current liabilities	131,170	121,146
Total non-current liabilities	14,410,802	11,089,748
Total liabilities	22,741,636	18,966,969
SHAREHOLDERS’ EQUITY
Common shares: 81,498,000 shares authorized, 23,652,110 shares issued and 23,610,870 and 23,628,452 shares outstanding as of March 31, 2026 and March 31, 2025 with no stated value.	924,817	924,817
Capital surplus	1,445,333	1,445,333
Additional paid in capital	(225,406)	(238,115)
Retained earnings	2,078,645	1,397,387
Treasury shares	(4,761)	(2,539)
Accumulated other comprehensive loss	(3,369)	(9,664)
Total shareholders’ equity	4,215,259	3,517,219
Total liabilities and equity	¥ 26,956,895	¥ 22,484,188