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Related Party Transactions
 6 Months Ended 12 Months Ended
Mar. 31, 2025
Sep. 30, 2024
Related Party Transactions [Abstract]    
RELATED PARTY TRANSACTIONS

19. RELATED PARTY TRANSACTIONS

 

Related parties

 

The following is a list of related parties which the Group has transactions with:

 

No.   Name of Related Parties   Relationship
1   Mrs. Qi Xiaoyu   Shareholder of the Company
2   Mr. Fuyunishiki Ryo   Director and shareholder of the Company
3   Mr. Wu Zhihua   Director, former CEO, chairman of the Board and shareholder of the Company
4   Ms. Wu Shunyu   Department head of Digital Marketing Sales
5   Hermann Limited   Shareholder of the Company 
6   Smart Bloom Global Limited   Shareholder of the Company, owned by Wu Zhihua

 

Amount due from related parties

 

Amount due from related parties consisted of the following for the periods indicated:

 

      As of
March 31,
2025		   As of
September 30,
2024		 
Hermman Limited(1)  Prepayment for service provided by related parties  $1,142,885   $
-
 
Mrs. Qi Xiaoyu(2)  Interest bearing loan to related parties   100,565    
-
 
Total     $1,243,450   $
-
 

 

(1)The Company signed service agreement with Hermann Limited in December 2023, providing corporate management and investment and financing consulting services for the Company for three years, with contract amount of $2,060,000. Since Hermann Limited obtained a portion of the Company’s mortgaged shares through the issuance of convertible notes, and became a shareholder of the Company with a 7.1% shareholding ratio. Therefore, it was reclassified into amount due from related parties on March 31, 2025. For the six months ended March 31, 2025, the amortized expense amount is $342,988, and the remaining amount is $1,142,885.

 

(2)The loan had been returned in April 2025.

 

Amounts due to related parties

 

Amount due to related parties consisted of the following for the periods indicated:

 

      As of
March 31,
2025		   As of
September 30,
2024		 
Mr. Fuyunishiki Ryo  Expenses paid on behalf of the Group  $
-
   $208,943 
Ms. Wu Shunyu  Expenses paid on behalf of the Group   
-
    105,601 
Total     $
-
   $314,544 

Related party transactions

 

   For the six months ended
March 31,		 
Nature  2025   2024 
Expenses paid on behalf of the Group by related parties        
Mr. Fuyunishiki Ryo  $
-
   $65,538 
Mrs. Qi Xiaoyu   
-
    241,147 
Ms. Wu Shunyu   
-
    6,130 
Total  $
-
   $312,815 

 

   For the six months ended
March 31,		 
Nature  2025   2024 
Repayment to related parties      $ 
Ms. Wu Shunyu  $105,601    
-
 
Mr. Fuyunishiki Ryo   208,637    75,849 
Mrs. Qi Xiaoyu   
-
    253,155 
Total  $314,238   $329,004 

 

   For the six months ended
March 31,		 
Nature  2025   2024 
Interest bearing loan to related parties with an annual interest rate of 4%        
Mrs. Qi Xiaoyu  $99,876   $
-
 
Total  $99,876   $
-
 

 

   For the six months ended
March 31,		 
Nature  2025   2024 
Service provided by related parties        
Hermann Limited(1)  $342,988   $
-
 
Total  $342,988   $
-
 

 

(1)The company signed service agreement with Hermann Limited in December 2023, providing corporate management and investment and financing consulting services for the company for three years, with contract amount of $2,060,000. Since Hermann Limited obtained a portion of the company’s mortgaged shares through the issuance of convertible notes, and became a shareholder of the company with a 7.1% shareholding ratio. Therefore, it was reclassified into amount due from related parties on March 31, 2025. For the six months ended March 31, 2025, the amortized expense amount is $342,988, and the remaining amount is $1,142,885.

 

   For the six months ended
March 31,		 
Nature  2025   2024 
Stock-based compensation(1)        
Wu Zhihua  $1,209,000   $
-
 
Total  $1,209,000   $
-
 

 

(1)On November 7, 2024, a resolution of the directors of the Company was adopted to issue 5,000,000 Class B ordinary shares of par value US$0.00025 each (the New Shares) to WU Zhihua. Due to the fact that Class B shares are not tradable and the voting rights are different from those of Class A shares, the price per share of $0.2418 is based on the valuation report issued by appraisers.
   For the six months ended
March 31,		 
Nature  2025   2024 
Repurchase of Class A Shares by issuing Class B Shares        
Smart Bloom Global Limited (Wu Zhihua)  $500   $
-
 
Total  $500   $
-
 

19. RELATED PARTY TRANSACTIONS

 

Related parties

 

The following is a list of related parties which the Group has transactions with:

 

No.   Name of Related Parties   Relationship
1   Mrs. Qi Xiaoyu   Shareholder of the Company
2   Mr. Fuyunishiki Ryo   Director and shareholder of the Company
3   Mr. Wu Zhihua   Director, CEO and shareholder of the Company
4   Ms. Wu Shunyu   Department head of Digital Marketing Sales
5   Ishiyama   An equity method investee of the Group

 

Amounts due to related parties

 

Amount due to related parties consisted of the following for the periods indicated:

 

      As of September 30, 
      2024   2023 
Mrs. Qi Xiaoyu  Expenses paid on behalf of the Group  $
-
   $1,206,121 
Mr. Fuyunishiki Ryo  Expenses paid on behalf of the Group   208,943    108,002 
Mr. Wu Zhihua  Expenses paid on behalf of the Group   
-
    
-
 
Ms. Wu Shunyu  Expenses paid on behalf of the Group   105,601    99,481 
Total     $314,544   $1,413,604 

 

Related party transactions

 

   For the years ended September 30, 
Nature  2024   2023   2022 
Expenses paid on behalf of the Group by related parties            
             
Mrs. Qi Xiaoyu  $6,669   $1,480,137   $1,165,096 
Ms. Wu Shunyu   6,120    30,222    104,225 
Mr. Fuyunishiki Ryo   433,680    218,038    78,240 
Mr. Wu Zhihua   
-
    
-
    76,299 
Total  $446,469   $1,728,398   $1,424,460 
                
Proceed of Interest-free loan from related parties               
Mrs. Qi Xiaoyu  $2,815,899   $
-
   $
-
 
Mr. Fuyunishiki Ryo   86,478    
-
    
-
 
Mr. Wu Zhihua   129,090    
-
    
-
 
Total  $3,031,467   $
-
   $
-
 
                
Repayment to (receivable from) related parties               
Mrs. Qi Xiaoyu  $4,035,593   $
-
   $
-
 
Mr. Fuyunishiki Ryo   428,409    
-
    
-
 
Mr. Wu Zhihua   129,090    
-
    
-
 
Ishiyama   
-
    (35,990)   34,552 
Total  $4,593,092   $(35,990)  $34,552