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CONSOLIDATED SEGMENT DATA
 6 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
CONSOLIDATED SEGMENT DATA

13. CONSOLIDATED SEGMENT DATA

 

Segment information is consistent with how chief operating decision maker reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. The segment data presented reflects this segment structure. The Company reports financial and operating information in the following six segments:

 

  (a) Garment manufacturing. Including manufacturing and distribution of garments;
     
  (b) Logistics services. Providing logistic services; and
     
  (c) Property management and subleasing. Providing subleasing of shops and property management services for garment wholesalers and retailers in garment market. At end of June 2025, the Company disposed of HX to the management of the subsidiary. The property management and subleasing business was then classified as discontinued operation.

 

The Company also provides general corporate services to its segments and these costs are reported as “Corporate and others”.

 

 

Selected information in the segment structure is presented in the following tables:

 

Revenues by segment for the three and six months ended September 30, 2025 and 2024 are as follows:

 

Revenues from external customers  2025   2024   2025   2024 
   Three months ended   Six months ended 
   September 30,   September 30, 
Revenues from external customers  2025   2024   2025   2024 
Garments manufacturing segment   12,935    148,470    32,831    235,072 
Logistics services segment   807,757    964,429    1,614,215    1,450,936 
Total of reportable segments and consolidated revenue  $820,692   $1,112,899   $1,647,046   $1,686,008 
                     
Intersegment revenue                    
Garments manufacturing segment   -    -    -    - 

 

Loss from operations by segment for the three and six ended September 30, 2025 and 2024 is as follows:

 

   2025   2024   2025   2024 
   Three months ended   Six months ended 
   September 30,   September 30, 
   2025   2024   2025   2024 
Garments manufacturing segment   (2,723)   1,622    (32,310)   (62,023)
Logistics services segment   63,258    229,558    49,777    250,437 
Total of reportable segments  $60,535   $231,180   $17,467   $188,414 
Corporate and other   (510,383)   (272,692)   (822,190)   (528,953)
Total consolidated income (loss) from operations   (449,848)   (41,512)   (804,723)   (340,539)

 

Total assets by segment as of September 30 and March 31, 2025 are as follows:

 

Total assets  September 30, 2025   March 31, 2025 
Garment manufacturing segment  $169,341   $238,981 
Logistics services segment   2,978,511    3,167,654 
Property management and subleasing   -    19,855,305 
Total of reportable segments   3,147,852    23,261,939 
Corporate and other   25,059,123    25,905,398 
Consolidated total assets  $28,206,975   $49,167,337 

 

Geographical Information

 

The Company operates predominantly in China. In presenting information on the basis of geographical location, revenue is based on the geographical location of customers and long-lived assets are based on the geographical location of the assets.

 

Geographic Information

 

   Three months ended
September 30,		   Six months ended
September 30,		 
   2025   2024   2025   2024 
Revenues                    
China   820,692    1,112,899    1,647,046    1,686,008 

 

   September 30, 2025   March 31, 2025 
Long-Lived Assets          
China   392,712    19,375,723