Londax Corp. Reports 57.3% Revenue Decline and Increased Net Loss for Fiscal Year Ending May 31, 2026

Londax Corp., a development-stage technology company incorporated in Wyoming in May 2023, reported a significant decline in financial performance for the fiscal year ending May 31, 2026. The company generated revenue of $28,323, a decrease of 57.3% from $66,410 in the previous fiscal year. This decline was attributed to a shift in the revenue recognition model, where revenue was recognized ratably over the subscription term rather than as a one-time service fee. The company also recorded a net loss of $37,343 for the year, compared to a net loss of $1,198 in fiscal 2025.

In terms of operational changes, Londax underwent a change in control after the fiscal year-end, with Alpha Investment Inc. acquiring 2,002,035 shares of common stock for $700,000, making it the controlling shareholder. Following this acquisition, Jon S. Cummings IV was appointed as the new Chief Executive Officer and sole director. The company has since relocated its principal executive office to Cincinnati, Ohio, and is exploring strategic opportunities in AI and digital infrastructure, although these initiatives are still in the planning stages.

The company reported no employees as of May 31, 2026, and its total assets decreased to $44,347 from $93,308 in the previous year. Current liabilities also decreased to $44,035 from $55,653, primarily due to a reduction in accounts payable. The company’s accumulated deficit increased to $40,622, raising concerns about its ability to continue as a going concern without additional financing. The company had no cash at year-end and relied on related-party loans for operational support.

Looking ahead, Londax's management has indicated that the company will need to secure additional financing to support its operations and strategic initiatives. The transition towards AI and digital infrastructure is expected to require substantial capital investment, and the company is actively seeking funding through private or public offerings. However, there is no assurance that such financing will be available on favorable terms. The company’s common stock continues to be quoted under the symbol LDXC, pending a corporate name change and related market actions. As of September 1, 2026, Londax had 5,350,000 shares of common stock issued and outstanding.