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SUBSEQUENT EVENTS

3 Months Ended

Sep. 30, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 22. SUBSEQUENT EVENTS

On October 10, 2015, the Company borrowed ¥2,400,000 ($377,727) of short-term borrowing with an annual interest rate of 5.75% .

On October 12, 2015, the Company repaid ¥1,600,000 ($251,818) of short-term borrowing with an interest of ¥5,749 ($905).

On October 20, 2015, the Company repaid ¥1,800,000 ($283,295) of short-term borrowing with an interest of ¥ 10,800 ($1,700).

On October 18, 2015, the Company’s board approved an incentive plan under its 2015 incentive option pool to grant 800,000 restricted shares to management.

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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