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Distribution Rights
3 Months Ended
Sep. 30, 2019
Distribution Rights [Abstract]  
DISTRIBUTION RIGHTS

NOTE 6 - DISTRIBUTION RIGHTS

 

The Company acquired distribution rights to distribute branded products of Daiso 100-yen shops through the acquisition of Tianjin Tajite. As this distribution right is difficult to acquire and will contribute significant revenue to Tianjin Tajite, such distribution rights were identified and valued as an intangible asset in the acquisition of Tianjin Tajite. The distribution rights, which have no expiration date, have been determined to have an indefinite life. Since the distribution rights have an indefinite life, the Company will evaluate them for impairment at least annually or earlier if determined necessary. As of September 30, 2019, the distribution rights were evaluated at RMB 7,380,000 (US$ 1,033,860).