AIS Holdings Group, Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>AIS Holdings Group, Inc. filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

AIS Holdings Group, Inc. (AIDG) filed a Quarterly Report (10-Q) with the SEC on February 1, 2024. AIS Holdings Group, Inc. filed a 10-Q report for the period ending December 31, 2023. The filing was made on February 1, 2024. The company's fiscal year ends on March 31. AIS Holdings Group, Inc. was formerly known as AIS Holdings, Inc. and Superb Acquisition, Inc. The company's business address is in Nagoya-shi, Aichi, Japan.

Why It Matters

For investors and stakeholders tracking AIS Holdings Group, Inc., this filing contains several important signals. This filing provides investors with an update on the company's financial performance and position as of the end of the third quarter of its fiscal year. Understanding the details within this 10-Q is crucial for assessing the company's operational health, financial stability, and future prospects.

Risk Assessment

Risk Level: low — AIS Holdings Group, Inc. shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial updates without immediate red flags.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand the company's performance and outlook.

Key Numbers

• 2023-12-31 — Period End Date (Reported period)
• 2024-02-01 — Filing Date (Date of submission)
• 0331 — Fiscal Year End (Company's fiscal year end)
• 2017-08-08 — Name Change Date (Date of former name change)
• 2017-03-27 — Name Change Date (Date of former name change)

Key Players & Entities

• AIS Holdings Group, Inc. (company) — Filer name
• 0001599916-24-000046 (filing_id) — Accession number
• 2024-02-01 (date) — Filing date
• 2023-12-31 (date) — Period of report
• 0001702015 (company_id) — Central Index Key
• AIS Holdings, Inc. (company) — Former company name
• Superb Acquisition, Inc. (company) — Former company name
• Nagoya-shi, Aichi (location) — Business address city and state

FAQ

Industry Context

The company operates within the real estate and construction sector, indicated by SIC code 6770.

Regulatory Implications

This filing is a standard 10-Q, a quarterly report required by the SEC for publicly traded companies.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and profitability trends.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into operational performance and future outlook.
3. Check for any significant changes in the company's capital structure or debt levels.

Year-Over-Year Comparison

This is the first 10-Q filing analyzed for AIS Holdings Group, Inc. in the current review period, so no direct comparison to a prior filing is available.

Key Financial Figures

• $45,000 — amount of 5,000,000 JPY (approximately $45,000). On March 6, 2020, the agreement betw
• $3,600 — the monthly basic fee was reduced from $3,600 to $2,000. Our principal executive off
• $2,000 — ly basic fee was reduced from $3,600 to $2,000. Our principal executive offices are l
• $ — rrency is not US$ are translated into US$, using the exchange rate on the balance
• $1 — he local currency of the Company into US$1 has been made at the following exchange
• $0.0001 — f 20,000,000 shares with a par value of $0.0001. The Company had no shares of preferred
• $0 — r 31, 2023 and 2022, the Company repaid $0 and $0 to Takehiro Abe. The total due a
• $5,268 — Capital Resources Our cash balance is $5,268 as of December 31, 2023. Our cash balan

Filing Documents

• aisq3_24.htm (10-Q) — 370KB
• ex31.htm (EX-31) — 11KB
• ex32.htm (EX-32) — 6KB
• 0001599916-24-000046.txt (&nbsp;) — 1528KB
• aidg-20231231.xsd (EX-101.SCH) — 13KB
• aidg-20231231_cal.xml (EX-101.CAL) — 7KB
• aidg-20231231_def.xml (EX-101.DEF) — 13KB
• aidg-20231231_lab.xml (EX-101.LAB) — 104KB
• aidg-20231231_pre.xml (EX-101.PRE) — 75KB
• aisq3_24_htm.xml (XML) — 155KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Page

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION ITEM 1

FINANCIAL STATEMENTS - UNAUDITED

FINANCIAL STATEMENTS - UNAUDITED F1 CONSOLIDATED Balance Sheets - UNAUDITED F2 CONSOLIDATED F3 CONSOLIDATED F4 CONSOLIDATED F5

Notes to Financial Statements - unaudited

Notes to Financial Statements - unaudited F6 ITEM 2

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS 3 ITEM 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 3 ITEM 4

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 4

- OTHER INFORMATION

PART II - OTHER INFORMATION ITEM 1

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 5 ITEM 1A

RISK FACTORS

RISK FACTORS ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 5 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 5 ITEM 4 MINE SAFETY DISCLOSURES 5 ITEM 5 OTHER INFORMATION 5 ITEM 6 EXHIBITS 5

SIGNATURES

SIGNATURES 6 - 2 - Table of Contents ITEM 1 FINANCIAL STATEMENTS AIS HOLDINGS GROUP, INC. CONSOLIDATED BALANCE SHEETS As of As of December 31, 2023 March 31, 2023 (Unaudited) ASSETS Current Assets Cash and cash equivalents $ 5,768 $ 2,977 Accounts receivable, trade 2,000 2,000 Prepaid expenses 75 975 TOTAL CURRENT ASSETS 7,843 5,952 LIABILITIES AND SHAREHOLDERS' DEFICIT Current Liabilities Due to related party $ 102,590 $ 75,576 TOTAL CURRENT LIABILITIES 102,590 75,576 Shareholders' Deficit Preferred stock ($ 0.0001 par value, 20,000,000 shares authorized; 0 issued and outstanding as of as of December 31, 2023 and March 31, 2023) - - Common stock ($ 0.0001 par value, 500,000,000 shares authorized, 20,000,000 shares issued and outstanding as of December 31, 2023 and March 31, 2023) 2,000 2,000 Additional paid-in capital 53,023 47,530 Accumulated deficit ( 163,986 ) ( 130,261 ) Accumulated other comprehensive income 14,216 11,107 TOTAL SHAREHOLDERS' DEFICIT ( 94,747 ) ( 69,624 ) TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 7,843 $ 5,952 The accompanying notes are an integral part of these unaudited consolidated financial statements. - F1- Table of Contents AIS HOLDINGS GROUP, INC. CONSOLIDATED (UNAUDITED) Three Months Three Months Nine Months Nine Months Ended Ended Ended Ended December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Revenues $ 6,000 $ 5,600 $ 18,000 $ 47,111 OPERATING EXPENSE General and administrative expenses 10,102 10,629 46,232 46,929 Total Operating Expenses 10,102 10,629 46,232 46,929 Other Income (Expense) Interest expenses ( 1,797 ) ( 1,261 ) ( 5,493 ) ( 3,887 ) NET INCOME (LOSS) $ ( 5,899 ) $ ( 6,290 ) $ ( 33,725 ) $ ( 3,705 ) OTHER COMPREHENSIVE INCOME (LOSS) Foreign currenc

NOTES TO FINANCIAL STATEMENTS

NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2023 (UNAUDITED) NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS AIS Holdings Group, Inc., a Delaware corporation ("the Company") was incorporated under the laws of the State of Delaware on January 30, 2017 with the name Superb Acquisition, Inc. On September 20, 2017, we changed our name to AIS Holdings Group, Inc. On April 1, 2018, the Company entered into an agreement with Trend Rich Global Limited to lease the Company's Software System package. The Software System Package is source code that can be expanded upon to create custom websites for clients in the digital currency industry. On August 16, 2018, AIS Japan entered into a Software Development Agreement with GL Co., Ltd., whereas GL Co., Ltd. will improve upon the Company's existing Software Platform Package which is owned by AIS Japan. The fee to further develop the software is in amount of 5,000,000 JPY (approximately $45,000). On March 6, 2020, the agreement between the Company and GL Co., Ltd. was deemed to have been completed. GL Co., Ltd. successfully improved the software system's administration system, as well as user system, in ways which were deemed to be acceptable and complete by the Company, and the ongoing services of GL Co., Ltd. were deemed to no longer be required. On August 1, 2022, the Company and Trend Rich Global Limited mutually agreed to alter the monthly fees charged to Trend Rich Global Limited by the Company. All material components of the initial agreement entered into on April 1, 2018 remained unaltered, but the monthly basic fee was reduced from $3,600 to $2,000. Our principal executive offices are located at 2-41-7-336, Shinsakae Naka-ku Nagoya-shi, Aichi, 460-0007, Japan. The Company has elected March 31st as its fiscal year end. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidations The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

Forward-Looking Statements Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements." These forward-looking statements generally are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions.

Forward-looking statements are based on current expectations

Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking have a material adverse effect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Liquidity and Capital Resources Our cash balance is $5,268 as of December 31, 2023. Our cash balance is not sufficient to fund our limited levels of operations for any period of time. We have been utilizing and may utilize funds from Takehiro Abe, our sole Director who has informally agreed to advance funds to allow us to pay for operating fees, and professional fees. Takehiro Abe, however, has no formal commitment, arrangement or legal obligation to advance or loan funds to the company. In order to implement our plan of operations for the next twelve-month period, we require further funding. Being a start-up stage company, we have very limited operating history. After a

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