Landbay Inc. Reports Revenue Surge to $564,781 but Incurred Higher Net Loss of $53,100 for Fiscal Year Ending March 31, 2025

Landbay Inc. reported significant changes in its financial performance for the fiscal year ending March 31, 2025, compared to the previous year. The company generated sales revenue of $564,781, a substantial increase from $9,539 in the prior year, primarily due to the operations of its newly established subsidiary, Zhejiang Toumi Holding Co., Ltd. This subsidiary focuses on online data marketing services and network equipment sales. Despite the increase in revenue, Landbay recorded a net loss of $53,100, which is higher than the $13,137 loss reported for the fiscal year 2024. The increase in net loss was attributed to higher operating expenses and a decrease in nonrecurring gains from asset disposals.

The company underwent significant organizational changes during the reporting period. In April 2024, a stock purchase agreement led to a change in control, with Chunyang Liu acquiring approximately 97.9% of the company's Class A common stock. This transaction resulted in a complete turnover of the management team, with new officers appointed to lead the company. Additionally, Landbay established its subsidiary in July 2024, which aims to expand its service offerings in technology development and marketing.

Operationally, Landbay's employee count remained low, with only two employees reported as of March 31, 2025, excluding the President/CEO. The company has focused on enhancing its service offerings, particularly in intelligent data-driven marketing and customized technology development services. The strategic shift towards these services aligns with the growing demand for digital marketing solutions, especially in the Chinese market. However, the company faces challenges, including a working capital deficiency of $48,450 and an accumulated deficit of $506,151 as of March 31, 2025.

Looking ahead, Landbay's management has expressed concerns regarding the company's ability to continue as a going concern due to ongoing financial losses and negative cash flow trends. The management plans to improve profitability and generate sufficient cash flow from operations while seeking additional working capital from shareholders. However, there is no assurance that these plans will be successful in addressing the company's financial challenges. The company continues to evaluate its operational strategies and market conditions to navigate the evolving business landscape.