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CONSOLIDATED SEGMENT DATA
 9 Months Ended
Dec. 31, 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 three 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 nine months ended December 31, 2025 and 2024 are as follows:

 

Revenues from external customers  2025   2024   2025   2024 
   Three months ended   Nine months ended 
   December 31,   December 31, 
Revenues from external customers  2025   2024   2025   2024 
Garments manufacturing segment   4,764    33,773    37,595    268,845 
Logistics services segment   971,059    831,103    2,585,274    2,282,039 
Total of reportable segments and consolidated revenue  $975,823   $864,876   $2,622,869   $2,550,884 
                     
Intersegment revenue                    
Garments manufacturing segment   -    -    -    - 

 

Income (Loss) from operations by segment for the three and nine ended December 31, 2025 and 2024 is as follows:

 

   2025   2024   2025   2024 
   Three months ended   Nine months ended 
   December 31,   December 31, 
   2025   2024   2025   2024 
Garments manufacturing segment   (10,859)   (31,220)   (43,169)   (93,243)
Logistics services segment   141,921    8,707    191,698    259,144 
Total of reportable segments  $131,062   $(22,513)  $148,529   $165,901 
Corporate and other   (199,855)   (127,522)   (1,022,045)   (656,475)
Total consolidated income (loss) from operations   (68,793)   (150,035)   (873,516)   (490,574)

 

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

 

Total assets  December 31, 2025   March 31, 2025 
Garment manufacturing segment  $170,683   $238,981 
Logistics services segment   3,251,911    3,167,654 
Property management and subleasing   -    19,855,305 
Total of reportable segments   3,422,593    23,261,939 
Corporate and other   24,827,228    25,905,398 
Consolidated total assets  $28,249,821   $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

December 31,

  

Nine months ended

December 31,

 
   2025   2024   2025   2024 
Revenues                
China   975,823    864,876    2,622,869    2,550,884 

 

   December 31, 2025   March 31, 2025 
Long-Lived Assets          
China   375,753    19,375,723