Property, plant, and equipment, net consisted of the following:

 

   As of
March 31,
2026
   As of
March 31,
2025
 
Land  $2,200,334   $2,200,334 
Property and buildings   24,737,536    21,158,457 
Equipment and machinery   15,149,498    13,540,863 
Office and electric equipment   1,569,943    1,484,093 
Automobiles   1,417,113    1,382,946 
Leasehold improvements   4,665,845    4,513,590 
Subtotal   49,740,269    44,280,283 
Less: Accumulated depreciation and amortization   (22,351,570)   (19,256,602)
Property, plant, and equipment, net  $27,388,699   $25,023,681 
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Historical Timeline

Fiscal YearFiled
2026Jun 18, 2026Showing above
2025Jun 26, 2025
2024Jun 28, 2024
2023Jun 28, 2023
2022Jun 27, 2022
2021Jun 23, 2021
2020Jun 29, 2020
2019Jun 28, 2019
2018Jun 28, 2018

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.