0001140361-26-030310 | 20-F | XBRL Viewer

INCOME TAXES

12 Months Ended

Mar. 31, 2026

12.	INCOME TAXES

(Loss) income before tax expenses consisted of:

	For the years ended March 31,
	2026			2025			2024
BVI	$	(3,954,937	)	$	(2,427,822	)	$	462,157
Hong Kong		(10,570,116	)		(9,211,648	)		2,474,331
Other jurisdictions		(627,285	)		(174,607	)		—
(Loss) Income before income tax expenses	$	(15,152,338	)	$	(11,814,077	)	$	2,936,488

The income tax provision consisted of the following components:

	For the years ended March 31,
	2026			2025				2024
Current income tax expense		$	—		$	—			$	—
Deferred income tax expense			—			(153,428	)			(439,934	)
Total income tax expense		$	—		$	(153,428	)		$	(439,934	)

The Company’s subsidiaries mainly operate in Hong Kong and British Virgin Islands that are subject to taxes in the jurisdictions in which they operate, as follows:

The United States

The Company’s subsidiary is subject to the Federal and state laws of United States of America. The U.S. Tax Cuts and Jobs Act (the “Tax Reform Act”) was signed into law. The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits in its income tax provision. The Company has not accrued or paid or penalties which were not material to its results of operations for the period. Deferred tax asset is not provided for as the tax losses may not be carried forward as the Company has not generated operating income yet.

British Virgin Islands (“BVI”)

The Company incorporated in the BVI and is not subject to tax on income or capital gain. In addition, payments of dividend by the Company to its shareholders are not subject to withholding tax in the BVI.

Cayman Islands

Under the current laws of the Cayman Islands, the Group’s subsidiary is not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed.

Hong Kong

The Company’s principal subsidiaries are incorporated in Hong Kong and are subject to Hong Kong profits tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. Under the two-tiered profit tax rates regime, the first HK$2 million assessable is subject to Hong Kong profits tax at a rate of 8.25%, and the remaining profits are subject to a rate of 16.5%. The profits of Group entities not qualifying for the two-tiered profits tax rates regime will continue to be taxed at a flat rate of 16.5%. The tax impact of two-tiered tax bucket is deemed immaterial to the Group. The provision for Hong Kong Profits Tax is calculated by applying the estimated annual effective tax rate of 16.5%. Additionally, dividend payments by the subsidiaries incorporated in Hong Kong to the Company are not subject to any Hong Kong withholding tax.

Effective January 1, 2025, Hong Kong enacted the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Ordinance 2025 to implement Pillar Two of the Organization for Economic Cooperation and Development (“OECD”) Base Erosion and Profit Shifting (“BEPS”) 2.0. The legislation introduces a global minimum effective tax rate of 15% for multinational enterprise (“MNE”) groups with consolidated annual revenue of at least €750 million in at least two of the four fiscal years immediately preceding the tested fiscal year. The legislation includes the Income Inclusion Rule (“IIR”) and the Hong Kong Minimum Top-up Tax (“HKMTT”).

The Company evaluated the potential impact of the Hong Kong Pillar Two legislation. Although the Company operates through subsidiaries in multiple jurisdictions, mainly in Hong Kong, and therefore constitutes a multinational group, management concluded that the Group is not currently within the scope of the Pillar Two rules because the Group’s consolidated annual revenue does not meet the €750 million threshold required for application of the legislation. Accordingly, no current tax, deferred tax, or top-up tax liability related to Pillar Two has been recognized in the consolidated financial statements.

For the years ended March 31, 2026, 2025 and 2024, the Company’s principal operations were conducted in Hong Kong. The reconciliation of the Hong Kong income tax rate of 16.5% to the effective income tax rate based on loss before income tax expense for the year ended March 31, 2026, in accordance with the updated disclosure requirement of ASU 2023-09, is as follows:

	For the year ended March 31, 2026
Hong Kong statutory income tax rate	$	(2,500,135	)	16.5	%
Foreign Tax Effects
British Virgin Islands (BVI)
Statutory tax rate difference between BVI and Hong Kong		652,564		(4.3	)%
Other foreign jurisdictions		103,502		(0.7	)%
Change in valuation allowance		1,643,748		(10.9	)%
Nontaxable or nondeductible items
Depreciation		95,451		(0.6	)%
Others		4,870		(0.0	)%
Changes in unrecognized tax benefits		—		—	%
Other adjustments		-		—	%
Effective tax rate	$	—		0.0	%

As previously disclosed for the years ended March 31, 2025 and 2024, prior to the adoption of ASU 2023-09, the reconciliation of the Hong Kong income tax rate of 16.5% to the effective income tax rate based on loss before income tax expense is as follows

	For the years ended March 31,
	2025			2024
Hong Kong statutory income tax rate	$	(1,949,323	)	$	484,521
Tax effect of different tax rates in other jurisdictions		429,401			(76,256	)
Tax effect on non-taxable income		(289	)		(404	)
Tax effect on under provision in respect of prior year, net		76,902			—
Tax effect on non-deductible expenses		114,159			32,073
Tax effect on change in valuation allowance		1,482,578			—
Total income tax expense	$	153,428		$	439,934

As of March 31, 2026 and 2025, the significant components of the deferred tax assets were summarized below:

	As of March 31,
	2026			2025
Net operating loss carried forward	$	2,023,656		$	614,768
Share-based compensation		899,010			848,574
Allowance for credit losses		327,299			—
Others		(779	)		19,236
Subtotal		3,249,186			1,482,578
Less: valuation allowance		(3,249,186	)		(1,482,578	)
Total deferred tax assets	$	—		$	—

The movement of valuation allowance is as follows:

	For the years ended March 31,
	2026			2025			2024
Balance as of beginning of the year		$	1,482,578		$	—		$	—
Additions			1,766,608			1,482,578			—
Balance as of end of the year		$	3,249,186		$	1,482,578		$	—

The realization of deferred tax assets is dependent upon the generation of sufficient taxable income of the appropriate character in future periods. The Group regularly assesses the ability to realize its deferred tax assets and establishes a valuation allowance if it is more-likely-than-not that some portion of the deferred tax assets will not be realized. The Group weighs all available positive and negative evidence, including its earnings history and results of recent operations, projected future taxable income, and tax planning strategies.

As of March 31, 2026 and 2025, the Group had accumulated net operating loss carryforwards of $12.26 million and $3.73 million, respectively. For entities incorporated in Hong Kong and United States, net loss can be carried forward indefinitely. The Company evaluates its valuation allowance requirements at the end of each reporting period by reviewing all available evidence, both positive and negative, and considering whether, based on the weight of that evidence, a valuation allowance is needed. When circumstances cause a change in management’s judgement about the realizability of deferred tax assets, the impact of the change on the valuation allowance is generally reflected in income from operations. The future realization of the tax benefit of an existing deductible temporary difference ultimately depends on the existence of sufficient taxable income of the appropriate character within the carryforward period available under applicable tax law. However, ASC 740-10-30-21 indicates that, notwithstanding projections of future taxable income an entity may have, forming a conclusion that a valuation allowance is not needed is difficult when there are cumulative losses in recent years. As a result, as of March 31, 2026, the Company accrued full valuation allowance against the deferred tax assets based on the evidence.

Uncertain tax positions

The Group evaluates the level of authority for each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measures the unrecognized benefits associated with the tax positions. The Group continues to assess the uncertain tax positions in accordance with applicable income tax guidance and based on changes in facts and circumstances. As of March 31, 2026 and 2025, the Group did not have any unrecognized uncertain tax positions and the Group does not believe that its unrecognized tax benefits will change over the next twelve months.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

SEGMENT INFORMATION (Tables)

12 Months Ended

Mar. 31, 2026

SEGMENT INFORMATION [Abstract]

Performance and Several Key Metrics

When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

	For the years ended March 31,
	2026			2025			2024
Brokerage and commission income	$	7,148,260		$	4,363,672		$	8,230,266
Principal transactions and proprietary trading		520,264			105,483			(715,309	)
Interest income		2,091,440			1,176,572			1,166,998
Software licensing (including subscription based) and related support services income		1,322,960			1,802,217			1,373,854
Total revenues		11,082,924			7,447,944			10,055,809
Commissions and brokerage fees		(3,052,843	)		(246,259	)		(401,843	)
Software licensing (including subscription based) and related support outsourcing cost		(881,031	)		(975,865	)		(802,745	)
Interest expenses		(922,556	)		(289,943	)		(158,441	)
Share-based compensation		(7,060,640	)		(8,788,109	)		—
Research and development expenses		(726,299	)		(427,672	)		—
Allowance for expected credit losses		(1,256,873	)		—			—
Other operating costs and expenses		(11,709,474	)		(7,371,451	)		(5,749,586	)
Operating (loss) income		(14,526,792	)		(10,651,355	)		2,943,194
Other income (loss), net		(625,546	)		(1,162,722	)		(6,706	)
(Loss) income before income tax expense		(15,152,338	)		(11,814,077	)		2,936,488
Income tax expense		—			(153,428	)		(439,934	)
Net (loss) income	$	(15,152,338	)	$	(11,967,505	)	$	2,496,554

RELATED PARTY TRANSACTIONS, Due to Shareholder (Details) - Zhou Kai [Member] - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Related Party Transaction Due To Related Parties [Abstract]
Proceeds from borrowings	$ 40	$ 30	$ 1,800
Repayment of borrowings	$ 0	$ 1,800	0
Consideration from disposal of other investment			2,000
Payments to related party payables			$ 2,000

EQUITY METHOD INVESTMENT, NET

12 Months Ended

Mar. 31, 2026

EQUITY METHOD INVESTMENT, NET [Abstract]

EQUITY METHOD INVESTMENT, NET

8.	EQUITY METHOD INVESTMENT, NET

During the year ended March 31, 2024, WSI acquired a 55% interest in LeFeng Hainan Private Equity Fund Management Limited (“LeFeng”). WSI does not have the requisite voting power of two thirds or more to control LeFeng pursuant to its articles of association and cannot remove the existing sole director appointed by the other shareholder holding a 45% equity interest without cause. WSI’s obligation to absorb losses of, or the right to receive benefits from, the investee is limited to its capital investments or its rights to receive sharing of profit from the investee based on its proportionate share of the capital contributions. The Group determined it has ability to exercise significant influence over its financial and operating polices and therefore accounted for this investment under equity method.

During October 2024, WSI and the sole director of LeFeng (the “Purchaser”) entered into a shares transfer agreement, pursuant to which WSI agreed to sell and the Purchaser agreed to purchase the 55% equity interest in LeFeng with carrying amount of $0.19 million for a consideration of approximately $0.90 million (equivalent to HK$7,000,000) (the “Divestment”). The Divestment was completed during the year ended March 31, 2026.

For the years ended March 31, 2026, 2025 and 2024, the loss on share of equity method investment was $0.03 million, $0.58 million, and nil, respectively.

For the year ended March 31, 2026, the Group provided an allowance on expected credit loss of $0.15 million on the receivable of the Divestment in the consolidated statements of operations.

RELATED PARTY TRANSACTIONS

12 Months Ended

Mar. 31, 2026

RELATED PARTY TRANSACTIONS

14.	RELATED PARTY TRANSACTIONS

The table below sets forth major related parties of the Group and their relationships with the Group.

Names of related parties		Relationship
Zhou Kai		Principal shareholder, chief technology officer, chairman of the board
Shenzhen Jinhui Technology Co., Ltd. (“Shenzhen Jinhui”)		A company previously controlled by Zhou Kai, which ceased to be a related party in the fourth quarter in 2025.
Wealth Guardian Investment Limited (“WGI”)		The Group is able to exercise significant influence over WGI because two individuals, who are the senior management of WGI, are the shareholders of the Company holding more than or approximately 10% aggregate equity interests. Effective October 2025, WGI has dissolved investment accounts in WSI, therefore, WGI is no longer a customer of WSI after October 2025.
Waton Trust Limited		An entity where Zhou Kai previously acted as a director. In the third quarter of 2025, Zhou Kai resigned from the directorship and remained as a 20% shareholder.
WIG SPC		An entity incorporated in the Cayman Islands, with 100% of its issued management shares owned by WSI, established for the purpose of holding investment segregated portfolios (each, an “SP” and collectively, the “SPs”). The SPs are each formed for the purpose of investing in securities. Effective December 2024, WSI serves as the investment manager of the WIG SPC series SPs.

Transaction with WIG SPC

In July 2025, WSI applied to subscribe for and purchase Class VI shares (junior class) in WIG SPC attributable to Z Navigation Option Hedge Fund S.P. in the amount of $1.0 million. WSI was re-appointed as a co-investment manager for Z Navigation Option. In February 2026, Z Navigation Option entered into the liquidation process and WSI submitted a redemption request to redeem all the shareholdings. As of March 31, 2026, the redemption request was approved, and the redemption proceeds were recorded as other receivables in the consolidated balance sheets. The redemption proceeds were received in full, and the liquidation process was completed in July 2026.

Transactions with WGI

The Group conducts material transactions with WGI through WSI and/or WTI, which entities are services providers for WGI. These transactions are as follows:

	As of March 31,
	2026		2025
Receivables – clients – unsettled trade	$	—	$	1,549,709
Receivables – clients – margin loan (net)^(i)(ii)		—		3,276,678
Receivables – software licensing (including subscription based) and related support services		600,000		600,000
Receivables – Total⁽ⁱⁱⁱ⁾	$	600,000	$	5,426,387
Contract assets – related party		400,000		1,200,000

Payables – brokerage services		—		1,417,153
Payables – Broker-dealer		—		75,136
Payables – Total	$	—	$	1,492,289

(i)

WSI extended a credit line of nil, $6.2 million and $4.3 million to WGI for margin transactions during the years ended March 31, 2026, 2025 and 2024, respectively.

(ii)

As of March 31, 2026 and 2025, the amounts consisted of margin loan receivables of nil and $3.3 million, respectively.

(iii)

As of March 31, 2026 and 2025, receivables from WGI, including margin loan receivables, have been either fully collateralized by the client-owned securities held in the customer’s account or fully collected.

	For the years ended March 31,
	2026		2025		2024
Revenues – brokerage commission and handling charge income	$	1,388,841	$	2,539,260	$	1,757,731
Revenues – interest income		415,596		1,040,634		1,016,179
Revenues – software licensing (including subscription based) and related support services		400,000		1,200,000		1,197,551
Total	$	2,204,437	$	4,779,894	$	3,971,461

For the years ended March 31, 2026, 2025, and 2024, the Group recognized a software licensing and related support services revenue of $400,000, $1,200,000, and nil, respectively before invoicing to WGI. The amount was recorded under contract assets – related party in the consolidated balance sheets.

Effective October 2025, WGI has dissolved investment accounts in the Group, therefore, WGI is no longer a customer of the Group after October 2025. As of March 31, 2026, the receivables from software licensing (including subscription based licenses) and related support services were no longer collateralized by the client-owned securities. For the year ended March 31, 2026, the Group provided allowance for credit losses of $1.10 million on the receivables from software licensing (including subscription based licenses) and related support services in the consolidated statements of operations.

Transactions with Zhou Kai

The Group conducts transactions with Zhou Kai through WSI. These transactions and related balance are as follows:

	As of March 31,
	2026		2025
Payables – brokerage services⁽ⁱ⁾	$	34,028	$	—

	For the years ended March 31,
	2026		2025		2024
Revenues – brokerage commission and handling charge income	$	1,656	$	—	$	—
Revenues – interest income		37,212		—		—
Total	$	38,868	$	—	$	—

(i)

The Company enters into a netting arrangement with Zhou Kai. Financial assets and liabilities are presented on a net basis in the consolidated balance sheets when the offsetting criteria under ASC 210 are met. As of March 31, 2026, Receivables from Clients – related party of approximately $0.77 million and Payables to Clients – related party of approximately $0.80 million were offset, and the resulting net liability was recorded in Payables to Client - related party.

Amounts due to shareholder

The balance represents borrowings from Zhou Kai for the Group’s daily operational purposes. The borrowings are interest-free, unsecured and due on demand. During the years ended March 31, 2026, 2025, and 2024, the Group borrowed from Zhou Kai of $0.04 million, $0.03 million, and $1.8 million, respectively. During the years ended March 31, 2026, 2025, and 2024, the Group repaid borrowings from Zhou Kai of nil, $1.8 million, and nil, respectively. During the year ended March 31, 2024, the Group disposed certain portion of its other investment to Zhou Kai at a consideration of approximately $2.0 million and the amount was settled with payable with Zhou Kai.

Software licensing and related support services payable to Shenzhen Jinhui

The balance represents unpaid service fees to Shenzhen Jinhui, a service provider and sub-contractor of the Group’s project management services. Based on the services agreement, Shenzhen Jinhui charges the Group certain percents of markup above its costs relating to service provided to the Group. During the years ended March 31, 2026, 2025, and 2024, the Group purchased outsourcing and related support services of approximately $1.3 million, $1.0 million, and $0.7 million, respectively, from Shenzhen Jinhui which were recorded as software licensing and related support outsourcing costs. As of March 31, 2026 and 2025, the payables of software licensing and related support services due to Shenzhen Jinhui were approximately $3.0 million and $1.8 million, respectively. Based on the services agreement, Shenzhen Jinhui charges the Group certain percents of markup above its costs relating to service provided to the Group. Shenzhen Jinhui ceased to be a related party of the Group since the fourth quarter of 2025 and its payable balance was approximately $2.96 million as of March 31, 2026.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
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-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Revenues
Principal transactions and proprietary trading	$ 520,264	$ 105,483	$ (715,309)
Total revenues	11,082,924	7,447,944	10,055,809
Operating costs and expenses
Commissions and brokerage fees	3,052,843	246,259	401,843
Interest expenses	922,556	289,943	158,441
Compensation and benefits	4,676,168	3,222,730	2,108,656
Share-based compensation expenses	7,060,640	8,788,109	0
Research and development expenses	726,299	427,672	0
Professional service fees	2,562,180	1,747,163	1,957,781
Market information	1,428,199	880,827	580,584
Lease costs	564,547	532,552	435,824
Allowance for expected credit losses	1,256,873	0	0
Marketing fee	829,539	0	0
Other general and administrative expenses	1,648,841	988,179	666,741
Total operating costs and expenses	25,609,716	18,099,299	7,112,615
Operating (loss) income	(14,526,792)	(10,651,355)	2,943,194
Other income (loss):
Income from foreign currency spread	501,867	150,987	49,694
Disposal loss from investment in equity securities, at NAV	(929,344)	0	0
Equity in losses of equity method investment	(31,603)	(578,256)	0
Impairment loss on investment, cost	(126,637)	(618,630)	0
Others	(39,829)	(116,823)	(56,400)
Total other loss	(625,546)	(1,162,722)	(6,706)
(Loss) income before income tax expenses	(15,152,338)	(11,814,077)	2,936,488
Income tax expense	0	(153,428)	(439,934)
Net (loss) income	$ (15,152,338)	$ (11,967,505)	$ 2,496,554
Net (loss) income per ordinary share, Basic (in dollars per share)	$ (0.31)	$ (0.29)	$ 0.04
Net (loss) income per ordinary share, Diluted (in dollars per share)	$ (0.31)	$ (0.29)	$ 0.04
Weighted average ordinary shares outstanding, Basic (in shares)	48,223,688	41,793,690	62,816,064
Weighted average ordinary shares outstanding, Diluted (in shares)	48,223,688	41,793,690	62,816,064
Net (loss) income:	$ (15,152,338)	$ (11,967,505)	$ 2,496,554
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustment	(126,178)	83,466	85,550
Total comprehensive (loss) income	(15,278,516)	(11,884,039)	2,582,104
Nonrelated Party [Member]
Revenues
Brokerage and commission income	5,757,763	1,824,412	6,472,535
Interest income	1,638,632	135,938	150,819
Software licensing and related support services income	922,960	602,217	176,303
Operating costs and expenses
Software licensing and related support outsourcing cost	328,236	0	0
Related Parties [Member]
Revenues
Brokerage and commission income	1,390,497	2,539,260	1,757,731
Interest income	452,808	1,040,634	1,016,179
Software licensing and related support services income	400,000	1,200,000	1,197,551
Operating costs and expenses
Software licensing and related support outsourcing cost	$ 552,795	$ 975,865	$ 802,745

Document and Entity Information	12 Months Ended
Document and Entity Information	Mar. 31, 2026 shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Mar. 31, 2026
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	FY
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-42573
Entity Registrant Name	Waton Financial Limited
Entity Central Index Key	0001987363
Entity Incorporation, State or Country Code	D8
Entity Address, Address Line One	Suites 3605-06, 36th Floor
Entity Address, Address Line Two	Tower 6, The Gateway
Entity Address, Address Line Three	Harbour City, Tsim Sha Tsui
Entity Address, City or Town	Kowloon
Entity Address, Country	HK
Title of 12(b) Security	Ordinary Shares
Trading Symbol	WTF
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	48,237,472
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Auditor Firm ID	1195
Auditor Name	UHY LLP
Auditor Location	Irvine, California
Cogency Global Inc [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	122 East 42nd Street, 18th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Contact Personnel Name	Cogency Global Inc.
Entity Address, Postal Zip Code	10168
City Area Code	800
Local Phone Number	221-0102

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Receivables (Details) - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Allowance for expected credit losses	$ 1,256,873	$ 0	$ 0
Client Receivables [Member]
Allowance for expected credit losses	0	0
Broker-Dealers and Clearing Organization [Member]
Allowance for expected credit losses	0	0
Software Licensing [Member]
Allowance for expected credit losses	$ 1,100,000	$ 0	$ 0

INCOME TAXES, Income Tax Provision (Details) - USD ($)	12 Months Ended
INCOME TAXES, Income Tax Provision (Details) - USD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Components of Income Tax Provision [Abstract]
Current income tax expense	$ 0	$ 0	$ 0
Deferred income tax expense	0	(153,428)	(439,934)
Total income tax expense	$ 0	$ (153,428)	$ (439,934)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Section 55
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-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Paragraph 1
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Revenue Recognition (Details)	12 Months Ended
	Mar. 31, 2026 USD ($) Performanceobligation	Mar. 31, 2025 USD ($)	Mar. 31, 2024 USD ($)	Jul. 31, 2026 USD ($)
Revenue Recognition [Abstract]
Principal transactions and proprietary trade income (loss)	$ 520,264	$ 105,483	$ (715,309)
Typical SaaS contract term	1 year
Residual percentage due term after initial set up	6 months
Transaction price allocated to remaining performance obligations	$ 68,000	23,000
Contract asset [Abstract]
Beginning balance	1,200,000
Net change to contract balance recognized since beginning of period due to recognition of revenue and amounts billed	91,837
Ending balance	1,291,837	1,200,000
Contract assets	1,291,837	1,200,000
Contract liabilities [Abstract]
Beginning balance	123,137
Net change to contract balance recognized since beginning of period due to recognition of revenue and amounts billed	44,432
Ending balance	167,569	123,137
Contract liabilities recorded in a accrued expenses and other current liabilities	167,569
Expected credit losses recognized	0	0	0
Subsequent Event [Member]
Contract asset [Abstract]
Contract assets				$ 1,200,000
Related Party [Member]
Contract asset [Abstract]
Beginning balance	1,200,000
Ending balance	400,000	1,200,000
Contract assets	400,000	1,200,000
Nonrelated Party [Member]
Contract asset [Abstract]
Beginning balance	0
Ending balance	891,837	0
Contract assets	$ 891,837	0
Minimum [Member]
Revenue Recognition [Abstract]
Contract payment term	10 days
Prepay percentage amount for SaaS	50.00%
Maximum [Member]
Revenue Recognition [Abstract]
Contract payment term	180 days
Waton Securities International Limited ("WSI") [Member]
Revenue Recognition [Abstract]
Number of performance obligation \| Performanceobligation	1
Financial instruments owned, at fair value	$ 2,570,000	0
Principal transactions and proprietary trade income (loss)	$ 520,000	$ 110,000	$ (720,000)

DISAGGREGATED REVENUE, Disaggregation of Revenue From Contracts with Customers (Details) - USD ($)

12 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Mar. 31, 2024

Brokerage and Commission Income [Abstract]

Bond distribution commission income

$ 65,603

$ 1,316,684

$ 5,827,674

Other Sources of Revenue [Abstract]

Principal transactions and proprietary trading

520,264

105,483

(715,309)

Total revenues

11,082,924

7,447,944

10,055,809

SaaS [Member]

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

122,960

92,391

Nonrelated Party [Member]

Brokerage and Commission Income [Abstract]

Brokerage and commission and handling charge income

^[1]

5,692,160

507,728

644,861

Margin Financing Services [Abstract]

Interest income

1,638,632

135,938

150,819

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

922,960

602,217

176,303

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

500,000

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

800,000

9,826

176,303

Related Party [Member]

Brokerage and Commission Income [Abstract]

Brokerage and commission and handling charge income

^[1]

1,390,497

2,539,260

1,757,731

Margin Financing Services [Abstract]

Interest income

452,808

1,040,634

1,016,179

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

400,000

1,200,000

1,197,551

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

400,000

1,200,000

1,197,551

Brokerage and Commission Income [Abstract]

Brokerage and commission and handling charge income

3,922,000

281,000

221,000

Point in Time [Member]

Brokerage and Commission Income [Abstract]

Bond distribution commission income

65,603

1,316,684

5,827,674

Other Sources of Revenue [Abstract]

Principal transactions and proprietary trading

520,264

105,483

(715,309)

Total revenues

7,668,524

4,969,155

7,514,957

Point in Time [Member] | SaaS [Member]

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

Point in Time [Member] | Nonrelated Party [Member]

Brokerage and Commission Income [Abstract]

Brokerage and commission and handling charge income

^[1]

5,692,160

507,728

644,861

Margin Financing Services [Abstract]

Interest income

Point in Time [Member] | Nonrelated Party [Member] | Software License [Member]

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

500,000

Point in Time [Member] | Nonrelated Party [Member] | Maintenance and Support [Member]

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

Point in Time [Member] | Related Party [Member]

Brokerage and Commission Income [Abstract]

Brokerage and commission and handling charge income

^[1]

1,390,497

2,539,260

1,757,731

Margin Financing Services [Abstract]

Interest income

Point in Time [Member] | Related Party [Member] | Maintenance and Support [Member]

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

Over Time [Member]

Brokerage and Commission Income [Abstract]

Bond distribution commission income

Other Sources of Revenue [Abstract]

Principal transactions and proprietary trading

Total revenues

3,414,400

2,478,789

2,540,852

Over Time [Member] | SaaS [Member]

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

122,960

92,391

Over Time [Member] | Nonrelated Party [Member]

Brokerage and Commission Income [Abstract]

Brokerage and commission and handling charge income

^[1]

Margin Financing Services [Abstract]

Interest income

1,638,632

135,938

150,819

Over Time [Member] | Nonrelated Party [Member] | Software License [Member]

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

Over Time [Member] | Nonrelated Party [Member] | Maintenance and Support [Member]

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

800,000

9,826

176,303

Over Time [Member] | Related Party [Member]

Brokerage and Commission Income [Abstract]

Brokerage and commission and handling charge income

^[1]

Margin Financing Services [Abstract]

Interest income

452,808

1,040,634

1,016,179

Over Time [Member] | Related Party [Member] | Maintenance and Support [Member]

Software Licensing and Related Support Services [Abstract]

Software licensing and related support services income

$ 400,000

$ 1,200,000

$ 1,197,551

[1]	Total handling charge income, including amounts from a related party, was $3,922,000, $281,000 and $221,000 for the years ended March 31, 2026, 2025 and 2024, respectively.

LEASES

12 Months Ended

Mar. 31, 2026

LEASES [Abstract]

LEASES

The Group has operating leases for its offices with terms ranging from two to three years. In April and September 2023, the Group entered into two new lease agreements, one for its corporate headquarters at Harbor City, Hong Kong, and the other for employee residence. The Group also has a finance lease for a printer, which is deemed not material for accounting purposes.

The components of lease costs are as follows:

	For the years ended March 31,
	2026		2025		2024
Operating lease costs	$	564,547	$	532,552	$	435,824

The following table presents supplemental information related to the Group’s leases:

	For the years ended March 31,
	2026			2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	582,067		$	583,251		$	382,675
Lease term and discount rate
Weighted average remaining lease term (years)
Operating leases		1.82			0.84			1.82
Weighted average discount rate
Operating leases		5.05	%		5.13	%		5.13	%

As of March 31, 2026, the future maturity of lease liabilities is as follows:

Years ended March 31,	Operating lease
2027	$	575,784
2028		469,023
Total lease payments		1,044,807
Less: interest		(49,114	)
Present value of lease liabilities		995,693
Less: Operating lease liabilities, current		(537,890	)
Operating lease liabilities, non-current	$	457,803

SEGMENT INFORMATION

12 Months Ended

Mar. 31, 2026

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

13.	SEGMENT INFORMATION

The Company operates and manages its business as one reportable and operating segment concentrating on the provisions of securities brokerage services and financial technology services. The measure of segment assets is reported on the balance sheet as total consolidated assets. The Company derives revenue primarily in Hong Kong and manages its business activities on a consolidated basis.

The Company’s CODM is a management committee that consists of Chief Executive Officer, Chief Technology Officer, and a number of other senior officers of the Company, by whom review financial information presented on a consolidated basis and decides how to allocate resources based on net income (loss). Consolidated net income (loss) is used for evaluating financial performance.

When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

	For the years ended March 31,
	2026			2025			2024
Brokerage and commission income	$	7,148,260		$	4,363,672		$	8,230,266
Principal transactions and proprietary trading		520,264			105,483			(715,309	)
Interest income		2,091,440			1,176,572			1,166,998
Software licensing (including subscription based) and related support services income		1,322,960			1,802,217			1,373,854
Total revenues		11,082,924			7,447,944			10,055,809
Commissions and brokerage fees		(3,052,843	)		(246,259	)		(401,843	)
Software licensing (including subscription based) and related support outsourcing cost		(881,031	)		(975,865	)		(802,745	)
Interest expenses		(922,556	)		(289,943	)		(158,441	)
Share-based compensation		(7,060,640	)		(8,788,109	)		—
Research and development expenses		(726,299	)		(427,672	)		—
Allowance for expected credit losses		(1,256,873	)		—			—
Other operating costs and expenses		(11,709,474	)		(7,371,451	)		(5,749,586	)
Operating (loss) income		(14,526,792	)		(10,651,355	)		2,943,194
Other income (loss), net		(625,546	)		(1,162,722	)		(6,706	)
(Loss) income before income tax expense		(15,152,338	)		(11,814,077	)		2,936,488
Income tax expense		—			(153,428	)		(439,934	)
Net (loss) income	$	(15,152,338	)	$	(11,967,505	)	$	2,496,554

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Property and Equipment, Net (Details)	Mar. 31, 2026
Furniture and Fixtures [Member]
Property and Equipment, Net [Abstract]
Estimated useful lives	5 years
Office Equipment [Member]
Property and Equipment, Net [Abstract]
Estimated useful lives	3 years
Motor Vehicles [Member]
Property and Equipment, Net [Abstract]
Estimated useful lives	5 years

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical)					12 Months Ended
	Dec. 31, 2024	Sep. 29, 2023	Sep. 28, 2023	Apr. 01, 2022	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY [Abstract]
Stock split ratio	6	6	1,000	6	6	6	6	6

RELATED PARTY TRANSACTIONS, Software Licensing and Related Support Services Payable to Shenzhen Jinhui (Details) - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Software Licensing and Related Support Services Payable to Shenzhen Jinhui [Abstract]
Software licensing and related support services, due to related party	$ 2,964,575	$ 1,766,092
Shenzhen Jinhui [Member]
Software Licensing and Related Support Services Payable to Shenzhen Jinhui [Abstract]
Outsourcing and related support services cost	1,300,000	$ 1,000,000	$ 700,000
Software licensing and related support services	$ 2,960,000

INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2026

INCOME TAXES [Abstract]

(Loss) Income Before Tax Expenses

(Loss) income before tax expenses consisted of:

	For the years ended March 31,
	2026			2025			2024
BVI	$	(3,954,937	)	$	(2,427,822	)	$	462,157
Hong Kong		(10,570,116	)		(9,211,648	)		2,474,331
Other jurisdictions		(627,285	)		(174,607	)		—
(Loss) Income before income tax expenses	$	(15,152,338	)	$	(11,814,077	)	$	2,936,488

Income Tax Provision

The income tax provision consisted of the following components:

	For the years ended March 31,
	2026			2025				2024
Current income tax expense		$	—		$	—			$	—
Deferred income tax expense			—			(153,428	)			(439,934	)
Total income tax expense		$	—		$	(153,428	)		$	(439,934	)

Reconciliation of Effective Income Tax Rate

	For the year ended March 31, 2026
Hong Kong statutory income tax rate	$	(2,500,135	)	16.5	%
Foreign Tax Effects
British Virgin Islands (BVI)
Statutory tax rate difference between BVI and Hong Kong		652,564		(4.3	)%
Other foreign jurisdictions		103,502		(0.7	)%
Change in valuation allowance		1,643,748		(10.9	)%
Nontaxable or nondeductible items
Depreciation		95,451		(0.6	)%
Others		4,870		(0.0	)%
Changes in unrecognized tax benefits		—		—	%
Other adjustments		-		—	%
Effective tax rate	$	—		0.0	%

	For the years ended March 31,
	2025			2024
Hong Kong statutory income tax rate	$	(1,949,323	)	$	484,521
Tax effect of different tax rates in other jurisdictions		429,401			(76,256	)
Tax effect on non-taxable income		(289	)		(404	)
Tax effect on under provision in respect of prior year, net		76,902			—
Tax effect on non-deductible expenses		114,159			32,073
Tax effect on change in valuation allowance		1,482,578			—
Total income tax expense	$	153,428		$	439,934

Component of Deferred Tax Assets

As of March 31, 2026 and 2025, the significant components of the deferred tax assets were summarized below:

	As of March 31,
	2026			2025
Net operating loss carried forward	$	2,023,656		$	614,768
Share-based compensation		899,010			848,574
Allowance for credit losses		327,299			—
Others		(779	)		19,236
Subtotal		3,249,186			1,482,578
Less: valuation allowance		(3,249,186	)		(1,482,578	)
Total deferred tax assets	$	—		$	—

Movement of Valuation Allowance

The movement of valuation allowance is as follows:

	For the years ended March 31,
	2026			2025			2024
Balance as of beginning of the year		$	1,482,578		$	—		$	—
Additions			1,766,608			1,482,578			—
Balance as of end of the year		$	3,249,186		$	1,482,578		$	—

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Mar. 31, 2026
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	May 07, 2024 USD ($)	Mar. 31, 2026 USD ($)	Mar. 31, 2025 USD ($)	May 07, 2024 HKD ($)
Short-Term Debt [Abstract]
Bank overdrafts limit		$ 1,540,585	$ 0
Waton Securities International Limited ("WSI") [Member] \| HONG CONG Financial Institution [Member]
Short-Term Debt [Abstract]
Bank overdraft utilized		$ 1,500,000	$ 0
Waton Securities International Limited ("WSI") [Member] \| HONG CONG Financial Institution [Member] \| Maximum [Member]
Short-Term Debt [Abstract]
Bank overdrafts limit	$ 5,100,000			$ 40.0
Lending rate	2.50%

RELATED PARTY TRANSACTIONS, Transactions with WGI (Details)

1 Months Ended

12 Months Ended

Aug. 31, 2025

USD ($)

Jul. 31, 2025

USD ($)

Mar. 31, 2026

USD ($)

Shareholder

Mar. 31, 2025

USD ($)

Mar. 31, 2024

USD ($)

Transactions with Related Parties [Abstract]

Investment in membership interests

$ 1,000,000

Contract assets

$ 1,291,837

$ 1,200,000

Payables - Broker-dealer

167,569

123,137

Revenues [Abstract]

Total revenues

11,082,924

7,447,944

$ 10,055,809

Software licensing and related support services revenue

91,837

Allowance for expected credit losses

$ 1,256,873

Wealth Guardian Investment Limited [Member]

Transactions with Related Parties [Abstract]

Number of shareholders | Shareholder

Aggregate ownership percentage

10.00%

Receivables - software licensing (including subscription based) and related support services

$ 600,000

600,000

Receivables - Total

^[1]

600,000

5,426,387

Contract assets

400,000

1,200,000

Payables - Brokerage services

1,417,153

Payables - Broker-dealer

75,136

Payables - Total

1,492,289

Revenues [Abstract]

Revenues - brokerage commission and handling charge income

1,388,841

2,539,260

1,757,731

Revenues - interest income

415,596

1,040,634

1,016,179

Revenues - software licensing and related support services

400,000

1,200,000

1,197,551

Total revenues

2,204,437

4,779,894

3,971,461

Software licensing and related support services revenue

400,000

1,200,000

Allowance for expected credit losses

1,100,000

Wealth Guardian Investment Limited [Member] | Unsettled Trade [Member]

Transactions with Related Parties [Abstract]

Receivables from clients

1,549,709

Wealth Guardian Investment Limited [Member] | Margin Loan [Member]

Transactions with Related Parties [Abstract]

Receivables from clients

^[2],[3]

3,276,678

Payables - Brokerage services

200,000

Proceeds from Lines of Credit

6,200,000

$ 4,300,000

Margin loan receiavbles, net

$ 0

$ 3,300,000

Waton Trust Limited [Member]

Transactions with Related Parties [Abstract]

Aggregate ownership percentage

20.00%

WIG SPC [Member]

Transactions with Related Parties [Abstract]

Aggregate ownership percentage

100.00%

Waton Securities International Limited ("WSI") [Member] | Class VI Shares [Member]

Transactions with Related Parties [Abstract]

Investment in membership interests

$ 1,000,000

[1]	As of March 31, 2026 and 2025, receivables from WGI, including margin loan receivables, have been either fully collateralized by the client-owned securities held in the customer’s account or fully collected.
[2]	As of March 31, 2026 and 2025, the amounts consisted of margin loan receivables of nil and $3.3 million, respectively.
[3]	WSI extended a credit line of nil, $6.2 million and $4.3 million to WGI for margin transactions during the years ended March 31, 2026, 2025 and 2024, respectively.

INCOME TAXES, Movement Valuation Allowance (Details) - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Valuation Allowance [Abstract]
Balance as of beginning of the year	$ 1,482,578	$ 0	$ 0
Additions	1,766,608	1,482,578	0
Balance as of end of the year	$ 3,249,186	$ 1,482,578	$ 0

DISAGGREGATED REVENUE

12 Months Ended

Mar. 31, 2026

DISAGGREGATED REVENUE [Abstract]

DISAGGREGATED REVENUE

11.	DISAGGREGATED REVENUE

In addition to the information shown in the above disclosures, the revenue from contracts with customers within FASB ASC 606 and other sources of revenue is disaggregated as follow:

	For the years ended March 31,
	2026						2025						2024
	Point in time		Over time		Total		Point in time		Over time		Total		Point in time		Over time		Total
Revenue from contracts with customers
Brokerage and commission income
Brokerage and commission and handling charge income*	$	5,692,160	$	—	$	5,692,160	$	507,728	$	—	$	507,728	$	644,861	$	—	$	644,861
Brokerage and commission income and handling charges – related party*		1,390,497		—		1,390,497		2,539,260		—		2,539,260		1,757,731		—		1,757,731
Bond distribution commission income		65,603		—		65,603		1,316,684		—		1,316,684		5,827,674		—		5,827,674
Margin financing services
Interest income		—		1,638,632		1,638,632		—		135,938		135,938		—		150,819		150,819
Interest income – related party		—		452,808		452,808		—		1,040,634		1,040,634		—		1,016,179		1,016,179
Software licensing (including subscription based) and related support services
Software license		—		—		—		500,000		—		500,000		—		—		—
SaaS service		—		122,960		122,960		—		92,391		92,391		—		—		—
M&S		—		800,000		800,000		—		9,826		9,826		—		176,303		176,303
M&S – related party		—		400,000		400,000		—		1,200,000		1,200,000		—		1,197,551		1,197,551
Other sources of revenue
Principal transactions and proprietary trading		520,264		—		520,264		105,483		—		105,483		(715,309)		—		(715,309	)
Total revenues	$	7,668,524	$	3,414,400	$	11,082,924	$	4,969,155	$	2,478,789	$	7,447,944	$	7,514,957	$	2,540,852	$	10,055,809

Total handling charge income, including amounts from a related party, was $3,922,000, $281,000 and $221,000 for the years ended March 31, 2026, 2025 and 2024, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	12 Months Ended
PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Property Equipment and Net [Abstract]
Property and equipment, gross	$ 912,922	$ 593,674
Less: accumulated depreciation	(618,826)	(470,377)
Total property and equipment, net	294,096	123,297
Depreciation expense	153,128	102,665	$ 67,070
Office Equipment [Member]
Property Equipment and Net [Abstract]
Property and equipment, gross	294,912	249,002
Furniture and Fixtures [Member]
Property Equipment and Net [Abstract]
Property and equipment, gross	26,859	22,536
Motor Vehicles [Member]
Property Equipment and Net [Abstract]
Property and equipment, gross	242,697	0
Leasehold Improvements [Member]
Property Equipment and Net [Abstract]
Property and equipment, gross	$ 348,454	$ 322,136

PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Mar. 31, 2026

PROPERTY AND EQUIPMENT, NET [Abstract]

Property and Equipment, Net

Property and equipment, net consist of the following:

	As of March 31,
	2026			2025
Office equipment	$	294,912		$	249,002
Furniture and fixtures		26,859			22,536
Motor vehicles		242,697			—
Leasehold improvement		348,454			322,136
Property and equipment, gross		912,922			593,674
Less: accumulated depreciation		(618,826	)		(470,377	)
Total property and equipment, net	$	294,096		$	123,297

COLLATERALIZED TRANSACTIONS

12 Months Ended

Mar. 31, 2026

COLLATERALIZED TRANSACTIONS [Abstract]

COLLATERALIZED TRANSACTIONS

15.	COLLATERALIZED TRANSACTIONS

WSI engages in margin financing transactions with its clients. Margin loans generated from margin lending activity for securities traded in the secondary market are collateralized by client-owned securities. WSI monitors the required margin and collateral level on a daily basis in compliance with regulatory and internal guidelines. Under applicable agreements, clients are required to deposit additional collateral or reduce holding positions, when necessary to avoid forced liquidation of their positions. Pursuant to the authorization obtained from margin clients, the Group further repledges the collaterals to financial institutions to obtain the funding for the margin or other businesses.

The following table summarizes the amounts of margin loans and clients’ collaterals received and repledged by the Group as of March 31, 2026 and 2025:

	As of March 31,
	2026		2025
Margin loan extended to margin clients*	$	13,070,052	$	4,364,851
Total value of securities held by margin clients	$	131,211,456	$	133,458,270
Margin loan received from financial institutions**	$	11,413,714	$	7,234,684
Total value of securities repledged to financial institutions	$	17,798,647	$	10,179,699

The amount includes margin loan receivables from WGI totaling nil and $3.5 million, net of client payables to WGI amounting to nil and $0.2 million as of March 31, 2026 and 2025, respectively.

Recorded in Payable to Brokers and Clearing Organizations

SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Mar. 31, 2026

SHAREHOLDERS' EQUITY [Abstract]

Key Inputs Used in Binominal Pricing Model

The key inputs into the Binominal pricing model were as follows at their measurement dates:

Input	As of November 18, 2024
Share price	$	3.91
Risk-free interest rate		4.41	%
Expected volatility		53.91	%
Exercise price	$	0 to 0.75
Expected dividend yield		0.00	%
Expected life (in years)		0 to 10

Summary of Activity under 2024 Plan

A summary of the activities of the 2024 Plan as of March 31, 2026 is as follows:

	As of March 31, 2026
	Number of restricted shares			Weighted average grant date fair value		Weighted average remaining life (in years)	Aggregate intrinsic value
Outstanding, beginning of year		3,974,826		$	3.23	0.88	$	9,894,439
Granted		—		$	—
Vested		(3,171,630	)	$	3.22
Outstanding, end of year		803,196		$	3.24	0.38	$	2,003,687
Exercisable or convertible, end of year		—		$	—

CONVERTIBLE PROMISSORY NOTE

12 Months Ended

Mar. 31, 2026

CONVERTIBLE PROMISSORY NOTE [Abstract]

CONVERTIBLE PROMISSORY NOTE

4.	CONVERTIBLE PROMISSORY NOTE

On November 19, 2025, Waton AI Genius Holding Limited (“Waton AI”), a wholly owned subsidiary of the Company incorporated in the British Virgin Islands, entered into a Preferred Share Purchase Agreement (the “Agreement”) with PandaAI Quantum Holdings Limited (“PandaAI”), an exempted company incorporated in the Cayman Islands, pursuant to which Waton AI subscribed for a convertible promissory note with an aggregate principal amount of US$2.82 million. Pursuant to the Agreement, Waton AI has the right to terminate the Agreement if PandaAI fails to deliver the convertible promissory note within 3 months from the date of the Agreement. As of March 31, 2026, approximately $0.78 million of the outstanding principal remained outstanding and was recorded as convertible promissory note in the consolidated balance sheets.

On April 16, 2026, Waton AI converted the remaining outstanding principal balance of approximately $0.78 million into 7,500,000 preferred shares of PandaAI at a conversion price of approximately US$0.38 per share, in accordance with the terms of the Preferred Share Purchase Agreement and the related convertible promissory note.

ORGANIZATION AND DESCRIPTION OF BUSINESS, Subsidiaries Information (Details)

12 Months Ended

Mar. 31, 2026

Subsidiaries Information [Abstract]

Place of incorporation

Waton Securities International Limited ("WSI") [Member]

Subsidiaries Information [Abstract]

Date of incorporation

Apr. 28, 1989

Place of incorporation

% of ownership

100.00%

Major business activities

Broker services and software licensing and related support services

Waton Technology International Limited ("WTI") [Member]

Subsidiaries Information [Abstract]

Date of incorporation

Feb. 24, 2023

Place of incorporation

% of ownership

100.00%

Major business activities

Software licensing and related support services

Waton Sponsor Limited [Member]

Subsidiaries Information [Abstract]

Date of incorporation

Sep. 07, 2023

Place of incorporation

% of ownership

100.00%

Major business activities

Sponsor of a special purpose acquisition company

Love & Health Limited [Member]

Subsidiaries Information [Abstract]

Date of incorporation

Oct. 03, 2023

^[1]

Place of incorporation

^[1]

% of ownership

100.00%

^[1]

Major business activities

Special Purpose Acquisition Company

^[1]

Descart Limited [Member]

Subsidiaries Information [Abstract]

Date of incorporation

Feb. 23, 2024

Place of incorporation

% of ownership

100.00%

Major business activities

General holding

[1]	As of March 31, 2026, Love & Health Limited has not completed its initial public offering with Nasdaq.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net (loss) income	$ (15,152,338)	$ (11,967,505)	$ 2,496,554
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Allowance for expected credit losses	1,256,873	0	0
Written off deferred offering cost	381,774	0	0
Depreciation and amortization expenses	153,128	102,665	67,070
Amortization of operating right-of-use assets	532,214	553,842	369,457
Share-based compensation	7,060,640	8,788,109	0
Disposal loss from investment in equity securities, at NAV	929,344	0	0
Equity in losses of equity method investment	31,603	578,256	0
Impairment loss on investment, cost	126,637	618,630	0
Deferred income taxes	0	153,428	439,934
Gain from investment securities, at NAV, related party	(160,355)	0	0
Changes in operating assets and liabilities:
Receivables from clients, including related parties	(9,646,644)	6,569,798	(7,206,712)
Receivables from broker-dealers and clearing organization	16,465	(1,379,621)	3,935,524
Receivables and contract assets from software licensing and related support services, including related parties	(1,191,837)	(594,567)	(532,981)
Prepaid expenses and other current assets	(2,584,967)	(760,190)	213,282
Other assets	1,761	235,918	(284,194)
Payables to clients, including related parties	8,648,923	(7,893,666)	2,008,708
Payables to broker-dealers and clearing organization	5,462,088	5,103,768	(3,348,732)
Payables of software licensing and related support services, including related party	1,198,483	987,824	158,623
Accrued expenses and other current liabilities	33,003	(153,473)	151,547
Financial instruments owned, at fair value	(2,605,644)	0	0
Other receivables	(1,000,000)	0	0
Operating lease liabilities	(551,583)	(583,251)	(315,227)
Net cash (used in) provided by operating activities	(7,060,432)	359,965	(1,847,147)
Cash flows from investing activities:
Purchase of property and equipment	(323,574)	(13,744)	(262,091)
Purchase of investment in equity securities, at NAV	(1,100,000)	0	0
Advance under convertible promissory note	(777,102)	0	0
Proceeds from disposal of investment in equity securities, at NAV	170,674	0	0
Loan to ST MA Ltd	0	0	(445,893)
Purchase of investments	0	0	(7,501,453)
Net cash used in investing activities	(2,030,002)	(13,744)	(8,209,437)
Cash flows from financing activities:
Proceeds from bank overdrafts	1,540,585	0	0
Repayment of borrowings from a related party	0	(1,800,000)	(1,500,000)
Payment for deferred offering costs	(193,954)	(562,591)	(797,170)
Proceeds from initial public offering, net of underwriting discount and other offering costs	18,234,300	0	0
Proceeds from issuance of ordinary shares	0	5,121,620	0
Repurchase and retirement of ordinary shares	0	0	(6,000,000)
Principal payment for finance lease	(3,070)	(2,908)	(2,298)
Net cash provided by (used in) financing activities	19,577,861	2,756,121	(8,299,468)
Effect of exchange rate changes	(113,481)	145,791	148,996
Net increase (decrease) in cash, cash equivalents, cash segregated under regulatory requirements and restricted cash	10,373,946	3,248,133	(18,207,056)
Cash, cash equivalents, cash segregated under regulatory requirements and restricted cash at the beginning of the year	13,900,319	10,652,186	28,859,242
Cash, cash equivalents, cash segregated under regulatory requirements and restricted cash at the end of the year	24,274,265	13,900,319	10,652,186
Reconciliation of cash, cash equivalents, cash segregated under regulatory requirements and restricted cash
Cash and cash equivalents	10,411,937	7,717,087	4,948,090
Cash segregated under regulatory requirements	13,733,273	6,183,232	5,704,096
Restricted cash	129,055	0	0
Cash, cash equivalents, cash segregated under regulatory requirements and restricted cash at the end of year	24,274,265	13,900,319	10,652,186
Supplemental disclosure of cash flow information:
Income taxes paid	0	0	0
Interest paid	877,530	253,738	158,441
Supplemental schedule of non-cash investing and financing activities
Non-cash settlement of receivable from software licensing and related support services - related party offset against payables to clients - related party	0	(330,580)	0
Obtaining operating right-of-use assets in exchange for operating lease liabilities	1,224,833	0	1,344,906
Non-cash sale of investments settled and offset against amounts due to a related party	0	0	1,982,709
Non-cash sale of investments settled and offset against amounts due to a third party	0	0	1,278,021
Non-cash deferred offering costs against accrued expenses	0	195,421	0
Non-cash deferred offering costs against additional paid in capital	$ 1,058,853	$ 0	$ 0

FAIR VALUE MEASUREMENT

12 Months Ended

Mar. 31, 2026

FAIR VALUE MEASUREMENT [Abstract]

FAIR VALUE MEASUREMENT

3.	FAIR VALUE MEASUREMENT

As of March 31, 2026 and 2025, the carrying values of cash and cash equivalents, cash segregated under regulatory requirements, restricted cash, receivables from clients, receivables from broker-dealers and clearing organization, receivables from software licensing and related support services, other receivables, prepaid expenses and other current assets, payables to clients, payables to broker dealers and clearing organization, payables of software licensing and related support services, accrued expenses and other current liabilities approximated their fair values reported in the consolidated balance sheets due to the short-term maturities of these financial instruments.

The following table presents information about the Group’s financial assets that were measured at fair value on a recurring basis as of March 31, 2026 and 2025 and indicates the fair value hierarchy of the valuation techniques the Group utilized to determine such fair value.

Financial instruments owned, at fair value

	As of March 31,			Quoted prices in active markets			Significant other observable inputs			Significant other unobservable inputs
Description	2026			(Level 1)			(Level 2)			(Level 3)

Equity securities		$	1,815,017		$	1,815,017		$	—		$	—
Equity total return swap			759,640			—			759,640			—
Total		$	2,574,657		$	1,815,017		$	759,640		$	—

As of March 31, 2025, the Group did not have any financial assets measured at fair value on a recurring basis.

Financial instruments owned, at fair value represent marketable equity securities owned by the Group. These equity securities were listed and publicly traded on The Stock Exchange of Hong Kong, Shanghai Stock Exchange, and Shenzhen Stock Exchange in the PRC. These equity securities were measured initially at fair value and classified as Level 1. Any realized or unrealized gains or losses to fair value are included in the principal transaction and proprietary trade income in the consolidated statements of operations.

The equity total return swap derivative contract was classified as Level 2 due to the use of other observable inputs including the quoted price of the underlying publicly traded equity security, the remaining contractual term, and observable interest rates. The management of the Group valued the fair value of the equity total return swap using a Monte Carlo simulation model.

Equity investment over which the Company does not have the ability to exercise significant influence and that does not have a readily determinable fair value that qualifies for the net asset value (“NAV”) practical expedient. The Company has elected to apply the NAV practical expedient to estimate fair value, with changes in NAV recognized in the accompanying in the consolidated statements of operations. As of March 31, 2026 and 2025, there were no investment in equity securities, at NAV.

Pursuant to the recognition and measurement guidance for equity investment, equity investment carried under the measurement alternative are remeasured at fair value on a non-recurring basis to reflect observable transactions which occurred during the years. As of March 31, 2026 and 2025, the Group applied the measurement alternative to equity securities with aggregate fair value of approximately $2.75 million and $2.88 million, respectively which were included in “Investment, at cost” in the consolidated balance sheets.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Concentration and credit risk, Major customer (Details) - Customer Concentration Risk [Member] - Related Party [Member]	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Revenue [Member] \| Customer A [Member]
Concentration and Credit Risk [Abstract]
Concentration risk, percentage	34.60%	0.00%	0.00%
Revenue [Member] \| Customer B, Related Party [Member]
Concentration and Credit Risk [Abstract]
Concentration risk, percentage	20.00%	64.20%	39.50%
Receivable [Member] \| Customer A [Member]
Concentration and Credit Risk [Abstract]
Concentration risk, percentage	41.10%	0.00%
Receivable [Member] \| Customer B, Related Party [Member]
Concentration and Credit Risk [Abstract]
Concentration risk, percentage	3.20%	61.00%

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

RELATED PARTY TRANSACTIONS, Transactions with Zhou Kai (Details) - USD ($)

12 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Mar. 31, 2024

Revenues [Abstract]

Total revenues

$ 11,082,924

$ 7,447,944

$ 10,055,809

Zhou Kai [Member]

Transactions with Related Parties [Abstract]

Payables - Brokerage services

^[1]

34,028

Revenues [Abstract]

Revenues - brokerage commission and handling charge income

1,656

Revenues - interest income

37,212

Total revenues

38,868

$ 0

Zhou Kai [Member] | Netting Arrangement [Member]

Transactions with Related Parties [Abstract]

Payables - Brokerage services

800,000

Receivables from clients

$ 770,000

[1]

- Definition

Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities.

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- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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-Publisher FASB
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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Reference 32: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (SX 210.5-03(1))
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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Earnings (loss) per share (Details) - shares	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Dilutive shares (in shares)	0	0

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares		12 Months Ended
	Jun. 25, 2010	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2024	Sep. 30, 2023	Sep. 29, 2023	Sep. 28, 2023	Mar. 31, 2023	Mar. 31, 2022
Shareholders' equity:
Ordinary shares, authorized	Unlimited	Unlimited	Unlimited
Ordinary shares, par value (in dollars per share)		$ 0	$ 0	$ 0		$ 0		$ 0	$ 0
Ordinary shares, issued (in shares)		48,237,472	43,206,222					76,980,000	16,980,000
Ordinary shares, outstanding (in shares)		48,237,472	43,206,222		52,980,000	8,830,000	8,830	76,980,000	16,980,000

INCOME TAXES, (Loss) Income Before Tax Expenses (Details) - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
(Loss) Income Before Tax Expenses [Abstract]
(Loss) income before income tax expense	$ (15,152,338)	$ (11,814,077)	$ 2,936,488
British Virgin Islands [Member]
(Loss) Income Before Tax Expenses [Abstract]
(Loss) income before income tax expense	(3,954,937)	(2,427,822)	462,157
Hong Kong [Member]
(Loss) Income Before Tax Expenses [Abstract]
(Loss) income before income tax expense	(10,570,116)	(9,211,648)	2,474,331
Other Jurisdiction [Member]
(Loss) Income Before Tax Expenses [Abstract]
(Loss) income before income tax expense	$ (627,285)	$ (174,607)	$ 0

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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-Paragraph 4
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/exampleRef
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Reference 16: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

INCOME TAXES, Summary (Details) - USD ($)	12 Months Ended
INCOME TAXES, Summary (Details) - USD ($)	Mar. 31, 2026	Mar. 31, 2025
INCOME TAXES [Abstract]
Income tax penalties and interest accrued	$ 0
Estimated annual effective tax rate	16.50%
Minimum effective tax rate	15.00%
Accumulated net operating loss carryforwards	$ 12,260,000	$ 3,730,000
Uncertain tax positions	$ 0	$ 0

FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Mar. 31, 2026

FAIR VALUE MEASUREMENT [Abstract]

Financial Assets Measured at Fair Value on Recurring Basis

Financial instruments owned, at fair value

	As of March 31,			Quoted prices in active markets			Significant other observable inputs			Significant other unobservable inputs
Description	2026			(Level 1)			(Level 2)			(Level 3)

Equity securities		$	1,815,017		$	1,815,017		$	—		$	—
Equity total return swap			759,640			—			759,640			—
Total		$	2,574,657		$	1,815,017		$	759,640		$	—

LEASES, Supplemental Information Related to Group's Leases (Details) - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Cash Paid for Amounts Included in Measurement of Lease Liabilities [Abstract]
Operating cash flows from operating leases	$ 582,067	$ 583,251	$ 382,675
Lease Term and Discount Rate [Abstract]
Weighted-average remaining lease term, Operating leases	1 year 9 months 25 days	10 months 2 days	1 year 9 months 25 days
Weighted-average discount rate, Operating leases	5.05%	5.13%	5.13%

LEASES (Tables)

12 Months Ended

Mar. 31, 2026

LEASES [Abstract]

Components of Lease Costs

The components of lease costs are as follows:

	For the years ended March 31,
	2026		2025		2024
Operating lease costs	$	564,547	$	532,552	$	435,824

Supplemental Information Related to Group's Leases

The following table presents supplemental information related to the Group’s leases:

	For the years ended March 31,
	2026			2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	582,067		$	583,251		$	382,675
Lease term and discount rate
Weighted average remaining lease term (years)
Operating leases		1.82			0.84			1.82
Weighted average discount rate
Operating leases		5.05	%		5.13	%		5.13	%

Future Maturity of Lease Liabilities

As of March 31, 2026, the future maturity of lease liabilities is as follows:

Years ended March 31,	Operating lease
2027	$	575,784
2028		469,023
Total lease payments		1,044,807
Less: interest		(49,114	)
Present value of lease liabilities		995,693
Less: Operating lease liabilities, current		(537,890	)
Operating lease liabilities, non-current	$	457,803

INCOME TAXES, Reconciliation of Effective Income Tax Rate (Details) - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Reconciliation of Effective Income Tax Rate, Amount [Abstract]
Hong Kong statutory income tax rate	$ (2,500,135)	$ (1,949,323)	$ 484,521
Statutory tax rate difference between BVI and Hong Kong	652,564	429,401	(76,256)
Other foreign jurisdictions	103,502
Tax effect on change in valuation allowance	1,643,748	1,482,578	0
Nontaxable or nondeductible items [Abstract]
Depreciation	95,451
Others	4,870
Tax effect on non-taxable income		(289)	(404)
Changes in unrecognized tax benefits	0
Tax effect on under provision in respect of prior year, net		76,902	0
Tax effect on non-deductible expenses		114,159	32,073
Total income tax expense	$ 0	$ 153,428	$ 439,934
Statutory tax rate	16.50%	16.50%	16.50%
Reconciliation of Effective Income Tax Rate, Percent [Abstract]
Hong Kong statutory income tax rate	16.50%	16.50%	16.50%
Statutory tax rate difference between BVI and Hong Kong	(4.30%)
Other foreign jurisdictions	(0.70%)
Change in valuation allowance	(10.90%)
Nontaxable or nondeductible items [Abstract]
Depreciation	(0.60%)
Others	0.00%
Changes in unrecognized tax benefits	0.00%
Other adjustments	0.00%
Total income tax expense	0.00%

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2026	Mar. 31, 2025
Current assets:
Cash and cash equivalents	$ 10,411,937	$ 7,717,087
Cash segregated under regulatory requirements	13,733,273	6,183,232
Restricted cash	129,055	0
Receivables from:
Broker-dealers and clearing organization	1,722,811	1,739,276
Contract assets	1,291,837	1,200,000
Convertible promissory note	777,102	0
Other receivables	1,607,925	449,877
Prepaid expenses and other current assets	1,094,636	893,051
Total current assets	50,145,672	25,338,318
Property and equipment, net	294,096	123,297
Operating lease right-of-use assets	988,397	467,016
Investment, cost	2,751,938	2,878,575
Equity method investment, net	0	189,932
Other assets	476,634	1,726,837
TOTAL ASSETS	54,656,737	30,723,975
Payables to:
Broker-dealers and clearing organization	11,359,560	7,335,535
Software licensing and related support services, including related party	2,964,575	1,766,092
Bank Overdrafts	1,540,585	0
Accrued expenses and other current liabilities	779,204	748,918
Amounts due to shareholder	$ 41,172	$ 31,682
Other Liability, Current, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Operating lease liabilities, current	$ 537,890	$ 463,120
Total current liabilities	32,473,620	17,925,671
Operating lease liabilities, non-current	457,803	30,561
TOTAL LIABILITIES	32,931,423	17,956,232
Commitments and Contingencies
Shareholders' equity:
Ordinary shares, unlimited shares authorized; no par value; 48,237,472 shares and 43,206,222 shares issued and outstanding as of March 31, 2026 and 2025, respectively	0	0
Additional paid-in capital	46,053,816	21,817,729
Accumulated deficit	(24,259,483)	(9,107,145)
Accumulated other comprehensive (loss) income	(69,019)	57,159
TOTAL SHAREHOLDERS' EQUITY	21,725,314	12,767,743
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	54,656,737	30,723,975
Nonrelated Party [Member]
Receivables from:
Clients	16,202,439	1,729,408
Contract assets	891,837	0
Payables to:
Clients	15,216,606	6,163,171
Related Party [Member]
Receivables from:
Clients	0	4,826,387
Software licensing and related support services - related party, net	600,000	600,000
Contract assets	400,000	1,200,000
Payables to:
Clients	34,028	1,417,153
Z Navigation Option Hedge Fund S.P. [Member]
Receivables from:
Other receivables	1,160,000
Financial instruments owned, at fair value	$ 2,574,657	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Derivative Financial Instruments (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Derivative Financial Instruments [Abstract]
Derivative asset	$ 760

INCOME TAXES, Deferred Tax Assets (Details) - USD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024	Mar. 31, 2023
Deferred Tax Assets [Abstract]
Net operating loss carried forward	$ 2,023,656	$ 614,768
Share-based compensation	899,010	848,574
Allowance for credit losses	327,299	0
Others	(779)	19,236
Subtotal	3,249,186	1,482,578
Less: valuation allowance	(3,249,186)	(1,482,578)	$ 0	$ 0
Total deferred tax assets	$ 0	$ 0

SHAREHOLDERS' EQUITY

12 Months Ended

Mar. 31, 2026

SHAREHOLDERS' EQUITY [Abstract]

SHAREHOLDERS' EQUITY

10.	SHAREHOLDERS’ EQUITY

Ordinary Shares and recapitalization

The Company was incorporated on June 25, 2010 and is authorized to issue an unlimited number of ordinary shares. The total number of issued and outstanding ordinary shares of the Company as of April 1, 2022, was 2,830,000 with a par value of $1 or 16,980,000 ordinary shares with no par value post a six-for-one stock split and the change in par value. On December 14, 2022, the Company issued an additional 10,000,000 ordinary shares at $1 per share or 60,000,000 ordinary shares with no par value post a six-for-one stock split and the change in par value, to Waton Corporation for $10,000,000. As of March 31, 2023, the issued and outstanding ordinary shares of the Company were 12,830,000 with a par value of $1 or 76,980,000 ordinary shares with no par value post a six-for-one stock split and the change in par value. During the years ended March 31, 2026, 2025 and 2024, the Company executed the following transactions:

On September 3, 2023, the Company repurchased 4,000,000 ordinary shares or 24,000,000 ordinary shares post a six-for-one stock split for $4,000,000 from Waton Corporation and retired all repurchased shares.

On September 28, 2023, the Company repurchased and retired 8,300,000 ordinary shares or 49,800,000 ordinary shares post a six-for-one stock split from Waton Corporation and issued 8,830 new ordinary shares with a par value of $1, or 52,980 ordinary shares post a six-for-one stock split with no par value to Waton Corporation. On the same day, the Company executed a one thousand-for-one stock split of its ordinary shares, pursuant to which the total number of outstanding shares increased from 8,830 to 8,830,000,and the par value of ordinary shares decreased from $1 to $0.001 or increased from 8,830,000 shares to 52,980,000 ordinary shares with the par value change from $0.001 to no par value post a six-for-one stock split and the change in par value (referred to as “recapitalization”).

On March 22, 2024, the Company repurchased 2,000,000 ordinary shares or 12,000,000 ordinary shares post a six-for-one stock split for $2,000,000 from Waton Corporation and retired all repurchased shares.

On November 8, 2024, the Company entered into a share subscription agreement with Dynamic Creations Limited (“Dynamic Creations”), to purchase a total of 219,503 ordinary shares or 1,317,018 shares after a six-for-one stock split at the issuance price of $23.43 or $3.91 per share after a six-for-one stock split for an aggregate cash consideration of $5.15 million (equivalent to HK$40.00 million). The share issuance was consummated on November 19, 2024.

On November 18, 2024, according to the 2024 Global Equity Incentive Plan, the Company granted 814,005 restricted shares, or 4,884,030 shares after a six-for-one stock split, in total to certain of the directors, employees and a consultant of the Company, of which 151,534 ordinary shares, or 909,204 shares after a six-for-one stock split, were immediately vested, exercised and issued.

On December 31, 2024, the directors and shareholders of the Company passed resolutions to, among other things, redeem and cancel all of its issued ordinary shares with par value $0.001, in exchange for the same number of ordinary shares with no par value issued to its shareholders. Immediately after the new ordinary shares have been issued, the Company subdivided all the issued ordinary shares in the capital of the Company by 6 shares (“a 6-for-one stock split”), and the relevant share subdivision registry was completed on January 7, 2025.

On April 2, 2025, the Company closed its initial public offering.

As of March 31, 2026 and 2025, the issued and outstanding ordinary shares of the Company were 48,237,472 and 43,206,222 shares with no par value, respectively.

2024 Global Equity Incentive Plan

In November 2024, the Company adopted the 2024 Global Equity Incentive Plan (the “2024 Plan”), which provides for the grant of share options, share appreciation rights, restricted share units, restricted shares or other share-based awards with a life of ten years from the date of its adoption on November 18, 2024. The initial maximum number of ordinary shares may be granted and issuable pursuant to the 2024 Plan is 10,245,000 ordinary shares.

According to the 2024 Plan, the Company has granted 814,005 restricted shares, or 4,884,030 shares after a six-for-one stock split, in total to certain of the directors, employees and a consultant of the Company, of which 151,534 ordinary shares, or 909,204 shares after a six-for-one stock split, were immediately vested, exercised and issued on November 18, 2024.

The fair value of the restricted shares is valued by an independent valuer using a Binominal pricing model. The restricted shares were classified as Level 3 due to the use of unobservable inputs.

The key inputs into the Binominal pricing model were as follows at their measurement dates:

Input	As of November 18, 2024
Share price	$	3.91
Risk-free interest rate		4.41	%
Expected volatility		53.91	%
Exercise price	$	0 to 0.75
Expected dividend yield		0.00	%
Expected life (in years)		0 to 10

The fair value of RSUs with service or service and performance condition is measured by using binomial model. The risk-free interest rate is based on the daily U.S. Treasury par yield curve rates with a maturity life equal to the expected life of the RSU. Expected volatility is estimated based on the average annualized standard deviation of daily stock price return of the comparable companies for the period commensurate with the with the expected life of the RSU. For expected dividend yield, the Company has never declared or paid any cash dividend. The expected life represents the period of time that RSUs are expected to be outstanding. The Company’s historical share exercise experience does not provide a reasonable basis upon which to estimate an expected term due to a lack of sufficient data.

During the years ended March 31, 2026, 2025, and 2024, the Company recorded $7.1 million, $8.8 million, and nil share-based compensation expenses, respectively, which is included in the operating costs and expenses in the consolidated statements of operations and comprehensive loss. WSI did not recognize any income tax benefits from stock-based compensation arrangements during the years ended March 31, 2026, 2025, and 2024 as it is not deductible for income tax purpose in WSI.

As of March 31, 2026, total unrecognized compensation remaining to be recognized in future period for the 2024 Plan totaled $0.52 million and they are expected to be recognized over the weighted average period of 0.38 years.

A summary of the activities of the 2024 Plan as of March 31, 2026 is as follows:

	As of March 31, 2026
	Number of restricted shares			Weighted average grant date fair value		Weighted average remaining life (in years)	Aggregate intrinsic value
Outstanding, beginning of year		3,974,826		$	3.23	0.88	$	9,894,439
Granted		—		$	—
Vested		(3,171,630	)	$	3.22
Outstanding, end of year		803,196		$	3.24	0.38	$	2,003,687
Exercisable or convertible, end of year		—		$	—

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
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-Section 50
-Paragraph 13
-Subparagraph (i)
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Estimated Useful Lives of Property and Equipment, Net

Property and equipment, net are stated at cost less accumulated depreciation and impairment, if any, and are depreciated on a straight-line basis over the estimated useful lives of the assets as follows:

Category		Estimated useful lives
Furniture and fixtures		5 years
Office equipment		3 years
Motor vehicles		5 years
Leasehold improvements		Shorter of useful life and lease term

Contract Assets and Liabilities

The following table summarized the opening and closing balances in contract assets and liabilities:

	Contract assets		Contract liabilities^*
Balance as of March 31, 2025	$	1,200,000	$	123,137
Net change to contract balance recognized since beginning of period due to recognition of revenue and amounts billed		91,837		44,432
Balance as of March 31, 2026	$	1,291,837	$	167,569
Classifying as:
Contract assets - related party	$	400,000	$	—
Contract assets		891,837		—
Contract liabilities recorded in accrued expenses and other current liabilities		—		167,569
	$	1,291,837	$	167,569

No expected credit loss was recognized for the years ended March 31, 2026, 2025, and 2024 for contract assets. The Group subsequently billed $1.2 million contract assets in July 2026.

Major Customer

For the years ended March 31, 2026, 2025 and 2024, the customers who accounted for 10% or more of the Group’s total revenues are presented as follows:

	For the years ended March 31,
Customer	2026			2025			2024
Customer A		34.6	%		—	%		—	%
Customer B, related party		20.0	%		64.2	%		39.5	%

As of March 31, 2026 and 2025, the customers who accounted for 10% or more of the Group’s total balance of receivables, including balances from client, broker-dealers and clearing organizations and software licensing and related support service, at year-end dates are presented as follows:

	As of March 31,
Customer	2026			2025
Customer A		41.1	%		—	%
Customer B, related party		3.2	%		61.0	%

INVESTMENTS IN EQUITY SECURITIES, AT NAV (Details) - USD ($)	1 Months Ended		12 Months Ended
	Aug. 31, 2025	Jul. 31, 2025	Mar. 31, 2026	Mar. 31, 2024	Mar. 31, 2025
Investment in Equity Securities, at NAV [Abstract]
Investment in membership interests	$ 1,000,000
Percentage of ownership interest in investment fund	1.00%
Disposal loss from investment in equity securities, at NAV			$ (930,000)
Other receivables			1,607,925		$ 449,877
Class VI Shares [Member]
Investment in Equity Securities, at NAV [Abstract]
Capital amount			2,000,000
Z Navigation Option Hedge Fund S.P. [Member]
Investment in Equity Securities, at NAV [Abstract]
Other receivables			1,160,000
Gain from investment securities			$ 160,000
Waton Investment Global SPC [Member]
Investment in Equity Securities, at NAV [Abstract]
Ownership percentage			100.00%
Waton Securities International Limited [Member]
Investment in Equity Securities, at NAV [Abstract]
Investment in membership interests		$ 1,000,000
Disposal loss from investment in equity securities, at NAV				$ 0
Share price (in dollars per share)		$ 15
Waton Securities International Limited [Member] \| Class VI Shares [Member]
Investment in Equity Securities, at NAV [Abstract]
Exposure to loss			$ 1,000,000

REGULATORY CAPITAL REQUIREMENTS

12 Months Ended

Mar. 31, 2026

REGULATORY CAPITAL REQUIREMENTS [Abstract]

REGULATORY CAPITAL REQUIREMENTS

16.	REGULATORY CAPITAL REQUIREMENTS

The Group’s broker-dealer subsidiary, WSI, which is located in Hong Kong, is subject to capital requirements determined by its respective regulator, the Securities and Futures (Financial Resources) Rules and the Securities and Future Ordinance. Regulatory capital requirements could restrict the operating subsidiary from expanding its business and declaring dividends if its required capital does not meet regulatory requirements. As of March 31, 2026 and 2025, WSI is required to maintain minimum liquid capital of $385,609 (HK$3.0 million) and was in compliance with its regulatory capital requirements.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Mar. 31, 2026

Transactions with Related Parties

The Group conducts material transactions with WGI through WSI and/or WTI, which entities are services providers for WGI. These transactions are as follows:

	As of March 31,
	2026		2025
Receivables – clients – unsettled trade	$	—	$	1,549,709
Receivables – clients – margin loan (net)^(i)(ii)		—		3,276,678
Receivables – software licensing (including subscription based) and related support services		600,000		600,000
Receivables – Total⁽ⁱⁱⁱ⁾	$	600,000	$	5,426,387
Contract assets – related party		400,000		1,200,000

Payables – brokerage services		—		1,417,153
Payables – Broker-dealer		—		75,136
Payables – Total	$	—	$	1,492,289

(i)

WSI extended a credit line of nil, $6.2 million and $4.3 million to WGI for margin transactions during the years ended March 31, 2026, 2025 and 2024, respectively.

(ii)

As of March 31, 2026 and 2025, the amounts consisted of margin loan receivables of nil and $3.3 million, respectively.

(iii)

	For the years ended March 31,
	2026		2025		2024
Revenues – brokerage commission and handling charge income	$	1,388,841	$	2,539,260	$	1,757,731
Revenues – interest income		415,596		1,040,634		1,016,179
Revenues – software licensing (including subscription based) and related support services		400,000		1,200,000		1,197,551
Total	$	2,204,437	$	4,779,894	$	3,971,461

The Group conducts transactions with Zhou Kai through WSI. These transactions and related balance are as follows:

	As of March 31,
	2026		2025
Payables – brokerage services⁽ⁱ⁾	$	34,028	$	—

	For the years ended March 31,
	2026		2025		2024
Revenues – brokerage commission and handling charge income	$	1,656	$	—	$	—
Revenues – interest income		37,212		—		—
Total	$	38,868	$	—	$	—

(i)

REGULATORY CAPITAL REQUIREMENTS (Details) $ in Millions	Mar. 31, 2026 USD ($)	Mar. 31, 2026 HKD ($)	Mar. 31, 2025 USD ($)	Mar. 31, 2025 HKD ($)
WSI [Member]
Regulatory Capital Requirements [Abstract]
Regulatory capital requirements, minimum liquid capital required	$ 385,609	$ 3.0	$ 385,609	$ 3.0

LEASES, Lease Costs (Details)	12 Months Ended
LEASES, Lease Costs (Details)	Mar. 31, 2026 USD ($) Agreement	Mar. 31, 2025 USD ($)	Mar. 31, 2024 USD ($)
Operating Lease [Abstract]
Number of new lease agreements added \| Agreement	2
Components of Lease Costs [Abstract]
Operating lease costs \| $	$ 564,547	$ 532,552	$ 435,824
Minimum [Member]
Operating Lease [Abstract]
Lease term	2 years
Maximum [Member]
Operating Lease [Abstract]
Lease term	3 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Deferred Offering Costs (Details) - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024	Apr. 02, 2025
Deferred Offering Costs [Abstract]
Deferred offering costs	$ 250,000	$ 1,500,000		$ 1,100,000
Deferred offering costs write off expense	$ 381,774	$ 0	$ 0

SHAREHOLDERS' EQUITY, Summary of Activity under 2024 Plan (Details) - USD ($)		12 Months Ended
	Nov. 18, 2024	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Income tax benefit from stock-based compensation arrangements		$ 0	$ 0	$ 0
2024 Global Equity Incentive Plan [Member]
Share-Based Payment Arrangement [Abstract]
Share-based compensation expense		7,100,000	$ 8,800,000	$ 0
Unrecognized employee stock-based compensation expense		$ 520,000
Weighted-average period over which unrecognized compensation is expected to be recognized		4 months 17 days
Restricted Shares [Member] \| 2024 Global Equity Incentive Plan [Member]
Number of restricted shares [Abstract]
Beginning balance (in shares)		3,974,826
Granted (in shares)	814,005	0
Vested (in shares)		(3,171,630)
Ending balance (in shares)		803,196	3,974,826
Exercisable or convertible, end of year (in shares)		0
Weighted average grant date fair value [Abstract]
Beginning balance (in dollars per share)		$ 3.23
Granted (in dollars per share)		0
Vested (in dollars per share)		3.22
Ending balance (in dollars per share)		3.24	$ 3.23
Exercisable or convertible, end of year (in dollars per share)		$ 0
Weighted average remaining life (in years) [Abstract]
Outstanding, weighted average remaining contractual life		4 months 17 days	10 months 17 days
Aggregate intrinsic value [Abstract]
Outstanding, aggregate intrinsic value		$ 2,003,687	$ 9,894,439

ORGANIZATION AND DESCRIPTION OF BUSINESS

12 Months Ended

Mar. 31, 2026

ORGANIZATION AND DESCRIPTION OF BUSINESS [Abstract]

ORGANIZATION AND DESCRIPTION OF BUSINESS

1.	ORGANIZATION AND DESCRIPTION OF BUSINESS

Waton Financial Limited (“Waton Financial” or the “Company”) is a holding company incorporated in the British Virgin Islands (“BVI”) with limited liability on June 25, 2010 under the original name of “IAM Group Inc.”, which name was changed to “Waton Financial Limited” on July 5, 2023, and conducts its business mainly through its subsidiaries in Hong Kong (hereafter, the “Group”), namely Waton Securities International Limited (“WSI”). WSI principally engaged in the provision of (i) securities brokerage and distribution services, margin financing services and other ancillary services; and (ii) software licensing and related support services, including licensing and Software-as-a-Service (“SaaS”) based delivery of trading platform applications, upgrades and enhancements, maintenance and other related services to securities brokers and financial institutions. Since September 2023, Waton Technology International Limited (“WTI”) has engaged in the provision of software licensing and related support services, including licensing of trading platform applications, upgrades and enhancements, maintenance and other related services to securities brokers and financial institutions.

On November 5, 2025, Waton AI Genius Holding Limited, a wholly owned subsidiary of the Company, is incorporated in the BVI with limited liability and the principal business is investment holding.

As of March 31, 2026, the Company’s operating subsidiaries are as follows:

Entity	Date of Incorporation	Place of Incorporation	% of Ownership	Major business activities
Waton Securities International Limited (“WSI”)	April 28, 1989	Hong Kong	100%	Broker services and software licensing and related support services
Waton Technology International Limited (“WTI”)	February 24, 2023	Hong Kong	100%	Software licensing and related support services
Waton Sponsor Limited	September 7, 2023	BVI	100%	Sponsor of a special purpose acquisition company
Love & Health Limited*	October 3, 2023	Cayman Islands	100%	Special Purpose Acquisition Company
Descart Limited	February 23, 2024	United States	100%	General holding

As of March 31, 2026, Love & Health Limited has not completed its initial public offering with Nasdaq.

On April 2, 2025, the Company closed its initial public offering (“IPO”) of 4,375,000 ordinary shares and the sale of an additional 656,250 ordinary shares (the “Over-allotment”), pursuant to the full exercise of the over-allotment option granted to the underwriters in connection with the IPO. The offering price was $4.00 per share. The aggregate net proceeds of the IPO and Over-allotment were $18,234,300, after deducting underwriting discounts and offering expenses. The ordinary shares of the Company were approved for listing on The Nasdaq Capital Market and commenced trading under the ticker symbol “WTF” on April 1, 2025.

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Mar. 31, 2026
Cybersecurity Risk Management, Strategy, and Governance [Abstract]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	The Company currently has an informal cybersecurity policy. As of the date of this annual report, our board of directors has oversight responsibility for the Company’s overall risk management, including cybersecurity risk. The Company’s executive officers oversee the strategic processes to safeguard data and comply with relevant regulations and report material cybersecurity incidents to the board of directors. The Company relies on certain third parties for the provision of its cloud infrastructure but does not currently engage any assessors, consultants, auditors, or other third parties in connection with any processes for assessing, identifying, and managing material risks from cybersecurity threats, given the size and scale of the Company, the resources available to it, the anticipated expenditures, and the risks it faces in terms of cybersecurity. As of the date of this annual report, there have been no cybersecurity threats that have materially affected or are reasonably likely to materially affect the Company.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company currently has an informal cybersecurity policy.
Cybersecurity Risk Management Third Party Engaged [Flag]	false
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	As of the date of this annual report, there have been no cybersecurity threats that have materially affected or are reasonably likely to materially affect the Company.
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Company’s executive officers oversee the strategic processes to safeguard data and comply with relevant regulations and report material cybersecurity incidents to the board of directors. The Company relies on certain third parties for the provision of its cloud infrastructure but does not currently engage any assessors, consultants, auditors, or other third parties in connection with any processes for assessing, identifying, and managing material risks from cybersecurity threats, given the size and scale of the Company, the resources available to it, the anticipated expenditures, and the risks it faces in terms of cybersecurity.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Company’s executive officers oversee the strategic processes to safeguard data and comply with relevant regulations and report material cybersecurity incidents to the board of directors. The Company relies on certain third parties for the provision of its cloud infrastructure but does not currently engage any assessors, consultants, auditors, or other third parties in connection with any processes for assessing, identifying, and managing material risks from cybersecurity threats, given the size and scale of the Company, the resources available to it, the anticipated expenditures, and the risks it faces in terms of cybersecurity.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Company’s executive officers oversee the strategic processes to safeguard data and comply with relevant regulations and report material cybersecurity incidents to the board of directors. The Company relies on certain third parties for the provision of its cloud infrastructure but does not currently engage any assessors, consultants, auditors, or other third parties in connection with any processes for assessing, identifying, and managing material risks from cybersecurity threats, given the size and scale of the Company, the resources available to it, the anticipated expenditures, and the risks it faces in terms of cybersecurity.
Cybersecurity Risk Role of Management [Text Block]	The Company’s executive officers oversee the strategic processes to safeguard data and comply with relevant regulations and report material cybersecurity incidents to the board of directors. The Company relies on certain third parties for the provision of its cloud infrastructure but does not currently engage any assessors, consultants, auditors, or other third parties in connection with any processes for assessing, identifying, and managing material risks from cybersecurity threats, given the size and scale of the Company, the resources available to it, the anticipated expenditures, and the risks it faces in terms of cybersecurity.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	As of the date of this annual report, our board of directors has oversight responsibility for the Company’s overall risk management, including cybersecurity risk.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Company’s executive officers oversee the strategic processes to safeguard data and comply with relevant regulations and report material cybersecurity incidents to the board of directors. The Company relies on certain third parties for the provision of its cloud infrastructure but does not currently engage any assessors, consultants, auditors, or other third parties in connection with any processes for assessing, identifying, and managing material risks from cybersecurity threats, given the size and scale of the Company, the resources available to it, the anticipated expenditures, and the risks it faces in terms of cybersecurity.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Mar. 31, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Basis of presentation

(a)	Basis of presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”).

Principles of consolidation

(b)	Principles of consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in the consolidation. Certain prior period balance sheet amounts have been reclassified to conform to the current period presentation. These reclassifications relate solely to the presentation of related party accounts and had no effect on the Group’s consolidated statements of operations, cash flows, shareholders’ equity, or previously reported net income (loss).

The Company consolidates all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities (“VIEs”) where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE. The Company reviews factors, including the rights of the equity holders at risk and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the entity is a VIE.

Use of estimates

(c)	Use of estimates

The preparation of the consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting periods. These estimates are based on information available as of the date of the consolidated financial statements. Accounting estimates required to be made by management include, but not limited to, recognition of software licensing and related support services income, allowance for credit losses, valuation of share-based compensation, income taxes and valuation for investments. Actual results could differ from those estimates.

Foreign currency translation and transaction

(d)	Foreign currency translation and transaction

The reporting currency and the functional currency of the Company is the United States Dollar (“US$”) and the accompanying consolidated financial statements have been expressed in US$. The functional currency of the Company’s subsidiaries is the local currency or U.S. dollar depending on the nature of the subsidiaries’ activities.

The financial statements of the subsidiaries with non-U.S. dollar functional currencies are translated into US$ using the exchange rate as of the balance sheet date for assets and liabilities and average exchange rate for the year for income and expense items. The equity denominated in the functional currency was translated at the historical rate of exchange at the time of the capital contribution. Because cash flows were translated based on the average exchange rate, amounts related to assets and liabilities reported on the consolidated statements of cash flows may not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Cumulative translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive income (loss) included in consolidated statements of changes in shareholders’ equity. Transactions denominated in foreign currencies are re-measured into the functional currency at the exchange rates prevailing on the transaction dates. Gains and losses from foreign currency transactions are included in the consolidated statements of operations.

Cash and cash equivalents

(e)	Cash and cash equivalents

Cash and cash equivalents represent cash on hand and deposits with banks or other financial institutions, which are unrestricted to withdrawal or use, and which have original maturities of three months or less.

Cash segregated under regulatory requirements

(f)	Cash segregated under regulatory requirements

Cash segregated under regulatory requirements represents bank balances that the Group holds on behalf of its clients. The Group maintains segregated accounts with banks in Hong Kong to hold its clients’ monies arising from its ordinary course of business. These segregated clients’ monies are strictly restricted for clients’ transactions and governed by the Securities and Futures (Client Money) Rules under the Hong Kong Securities and Futures Ordinance (“HKSFO”).

Restricted cash

(g)	Restricted cash

Restricted cash represents deposits held in a designated securities account as collateral to secure WSI’s obligation under financing arrangements, margin agreements, or other contractual commitments.

Receivables from and payables to clients

(h)	Receivables from and payables to clients

Receivables from and payables to clients include amounts due and owed on cash and margin transactions on a trade-date basis. Receivables from clients include margin loans to securities brokerage clients and other trading receivables. WSI engages in margin financing transactions with its clients. Margin loans generated from margin lending activity for securities traded in the secondary market are collateralized by client-owned securities held in client’s accounts. WSI monitors the required margin and collateral level on a daily basis in compliance with regulatory and internal guidelines. Under applicable agreements, clients are required to deposit additional collateral or reduce holding positions, when necessary to avoid forced liquidation of their positions.

The Group elected the practical expedient for FASB ASC Topic 326 – “Financial Instruments – Credit Losses” (“ASC 326”) which permits it to compare the amortized cost basis of the loaned amount with the fair value of collateral received at the reporting date to measure the estimate of expected credit losses. Securities beneficially owned by clients, including those that collateralize margin or other similar transactions, are not reflected on the consolidated balance sheets.

As of March 31, 2026 and 2025, the Group had no credit losses reserve to its receivables from clients.

Receivables from and payables to broker-dealers and clearing organization

(i)	Receivables from and payables to broker-dealers and clearing organization

Receivables from and payables to clearing organizations include receivables and payables from unsettled trades on a trade-date basis, including amounts receivable for securities trades not delivered by WSI to the purchaser by the settlement date and amounts payable for securities not received by WSI from a seller by the settlement date.

As of March 31, 2026 and 2025, the Group had no credit losses reserve to its receivables from broker-dealers and clearing organization.

Payables to broker-dealers represent margin loan that WSI borrowed from broker-dealers by repledging or sell-and-repurchase the securities that pledged by its margin clients.

Receivables from software licensing and related support services

(j)	Receivables from software licensing and related support services

Receivables from software licensing and related support services primarily consist of amounts due for services already performed and are recorded at the invoiced amount and do not bear interest. The Group maintains an allowance for estimated credit losses inherent in its accounts receivable portfolio. In establishing the expected credit loss, management considers historical losses adjusted to take into account current and future market conditions and the customers’ financial condition, the amount of receivables in dispute and customer paying patterns. Balances that remain outstanding after the Group has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable.

As of March 31, 2026, the receivables from software licensing (including subscription based licenses) and related support services were no longer collateralized by the client-owned securities. For the years ended March 31, 2026, 2025 and 2024, the Group provided allowance for expected credit losses of $1.1 million, nil and nil, respectively on the receivables from software licensing (including subscription based licenses) and related support services in the consolidated statements of operations.

Current expected credit losses

(k)	Current expected credit losses

The Group follows ASC 326, Financial Instruments–Credit Losses which applies to financial assets measured at amortized cost, held-to-maturity debt securities and off-balance sheet credit exposures. For financial assets measured at amortized cost, the Group recognizes an allowance for expected credit losses upon initial recognition and updates the allowance each reporting period to reflect management’s estimate of expected credit losses over the contractual term of the financial assets, considering historical credit loss experience, current conditions, and reasonable and supportable forecasts. For financial assets collateralized by securities, the Group has elected the practical expedient of reporting the difference between the fair value of the collateral and the amortized cost as the allowance for current expected credit losses. Expected credit losses on off-balance sheet credit exposures must be estimated over the contractual period the Group is exposed to credit risk as a result of a present obligation to extend credit.

The Group records an allowance for expected credit losses in the consolidated financial statements when estimated credit losses exist. Refer to Note 2(j) for information regarding the allowance recognized on receivables from software licensing and related support services.

Other Receivables

(l)	Other receivables

Other receivables consisted of amount due from ST MA Ltd. and redemption receivable due from Z Navigation Option Hedge Fund S.P., which were subsequently collected in full.

Property and equipment, net

(m)	Property and equipment, net

Category		Estimated useful lives
Furniture and fixtures		5 years
Office equipment		3 years
Motor vehicles		5 years
Leasehold improvements		Shorter of useful life and lease term

Cost represents the purchase price of the asset and other costs incurred to bring the asset into its intended use.

Repair and maintenance costs are charged to expenses as incurred, whereas the cost of renewals and betterments that extend the useful lives of property and equipment are capitalized. Any gain or loss arising from derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statements of operations in the period the asset is derecognized.

Software Development Costs

(n)	Software Development Costs

FASB ASC 985-20-25 requires software development costs to be expensed as incurred until the software model is technologically feasible. Technological feasibility is established when an entity has completed all planning, designing, coding, testing, and identification of risks activities necessary to establish that the product can be produced to meet its design specifications, features, functions, technical performance requirements. A certain amount of judgment and estimation is required to assess when technological feasibility is established, as well as the ongoing assessment of the recoverability of capitalized costs. The Group’s products reach technological feasibility shortly before the products are released and sold to the public. Therefore, software development costs are generally expensed as incurred.

Impairment of long-lived assets

(o)	Impairment of long-lived assets

The Group reviews its long-lived assets, including property and equipment and right-of-use assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the estimated cash flows from the use of the asset and its eventual disposition are below the asset’s carrying value, then the asset is deemed to be impaired and written down to its fair value. There were no impairment charge recognized related to these long-lived assets during the periods presented in the accompanying consolidated financial statements.

Investment, cost

(p)	Investment, cost

The Group measures its equity investment in a company that does not have a readily determinable fair value, and does not have the ability to exercise significant influence using cost method under the measurement alternative, which is defined as cost, less any impairments, a plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer, if any. The Company monitors the investment for impairments and makes adjustments in carrying values if management determines that an impairment charge is required based primarily on the financial condition and near-term prospects of the investment. The Company evaluates potential impairment indicators, including adverse changes in industry or market conditions, financial performance, business outlook, and other relevant factors.

If such indicators are present, further analysis is conducted to determine the fair value of the investment. The Company exercises judgment in estimating fair value, taking into account factors such as current economic and market conditions, the investee’s operating performance and earnings trends, and other company- and industry-specific information.

During the fiscal year ended March 31, 2024, WSI entered into Share Subscription Agreements and Shareholder Agreements to acquire less than 1% of Series C Preferred Shares of New Markets (BVI) Limited (“Microconnect”) for a total consideration of $6.8 million and in August 2024, WSI sold the Series C Preferred Shares to the Company, one of its related parties, and a third party for $3.5 million, $2.0 million, and $1.3 million, respectively, with no gain or loss recognized for the year ended March 31, 2024. The Company determined that it has no significant influence in Microconnect and there is no readily determinable fair value of this investee.

During the years ended March 31, 2026, 2025 and 2024, the Company recognized impairment loss on investment of $0.13 million, 0.62 million and nil, respectively. Impairment was recorded as the Company considered the financial performance of Microconnect relative to the average earnings from comparable companies.

Equity method investments

(q)	Equity method investments

The Group accounts for an equity method investment in accordance with ASC 323, Investments – Equity Method and Joint Ventures, over which it has significant influence but does not have a controlling financial interest and of which it is not the primary beneficiary.

The Group assesses its equity method investments for other-than-temporary impairment by considering factors as well as all relevant and available information including, but not limited to, current economic and market conditions, the operating performance of the companies including current earnings trends, and other entity-specific information.

Financial instruments owned, at fair value

(r)	Financial instruments owned, at fair value

Financial instruments owned consist of financial instruments that the Group acquired as part of brokerage activities. All gains and losses (unrealized and realized) from securities classified as financial instruments owned, at fair value in the consolidated balance sheets are recorded as a component of principal transactions and proprietary trading in the consolidated statements of operations.

Derivative financial instruments

(s)	Derivative financial instruments

FASB ASC 815, Derivatives and Hedging (“ASC 815”), provides for optional hedge accounting. When a derivative is deemed to be a hedge and certain documentation and effectiveness testing requirements are met, reporting entities can record all or a portion of the change in fair value of a designated hedge as an adjustment to other comprehensive income rather than as a gain or loss in the statements of operations. To date, the Group has not designated any derivatives as hedges under the provisions included in ASC 815.

Derivative financial instruments are recorded at fair value and included in Financial instruments owned, at fair value in the consolidated balance sheets. The Company’s derivatives instrument was entered into as part of the Group’s broker-dealer operations and is included as a component of Financial instruments owned, at fair value.

The Group enters into derivative financial instruments for investment purposes and to manage market risk associated with certain equity investments. Currently, the Group’s only derivative financial instrument is a total return swap contract.

A total return swap contract is an agreement that obligates two parties to exchange cash flows calculated by reference to changes in specified prices for a specified notional amount of the underlying assets. The payment flows are netted against each other, with the difference being paid by one party to another. Total return swap is generally valued based upon the value of the underlying instruments and terms of the contract as determined by the primary exchange on which it is traded.

Unrealized appreciation and depreciation from derivative financial instruments are recorded based on changes in their fair value. Realized gains and losses are recorded when the positions are closed. The changes in the fair value during the year is recorded in the consolidated statements of operations.

As of March 31, 2026, the derivative asset was $0.76 million, which was included in Financial instruments owned, at fair value in the consolidated balance sheets.

Deferred offering costs

(t)	Deferred offering costs

Deferred offering costs are incurred in connection with the planned initial public offerings (“IPOs”), of the Company, and of its subsidiary, Love and Health Limited, a SPAC entity, including legal, underwriting, and other IPO-related costs. Upon completion of the IPO, these deferred offering costs will be reclassified to shareholders’ equity. If the Company terminates its planned IPO or if there is a significant delay, all of the deferred offering costs will be immediately written off to expenses in the consolidated statements of operations. Deferred offering costs were $0.25 million and $1.50 million as of March 31, 2026 and 2025, respectively, and were recorded in other assets.

For the year ended March 31, 2026, the Company’s deferred offering cost of $1.1 million was charged against equity upon completion of its IPO on April 2, 2025.

For the year ended March 31, 2026, the Company wrote off the deferred offering cost of $0.38 million due to a significant delay in the IPO of Love and Health Limited.

Fair value measurement

(u)	Fair value measurement

The Group performs fair value measurements in accordance with ASC 820, Fair Value Measurements and Disclosures. ASC 820 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

•

Level 1 - Observable inputs that reflect quoted prices for identical assets or liabilities in active markets.

•

Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly.

•

Level 3 - Unobservable inputs which are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

ASC 820 describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset.

Revenue recognition

(v)	Revenue recognition

The Group generates its revenues as follows:

Brokerage and commission income

WSI earns fees and commissions from securities brokerage services based on a fixed rate for each transaction. When a customer executes a securities trading transaction, brokerage commission is recognized at a point in time when the performance obligation has been satisfied by the completion of trades and the service has been passed to the customer. Brokerage commission income is accrued on a trade-date basis because this is when the underlying financial instrument is identified, the pricing of brokerage service is agreed upon and the promised services are delivered to customers. The commission fees are directly charged from the customer’s account when the transactions are settled. The securities trading transaction could not be cancelled once it is executed and is not refundable.

Handling charge income arises from services such as clearing and settlement services, new share subscription services in relation to initial public offerings (“IPO”), and dividend collection services, are accrued on a trade-date basis or at the completion of transaction. Clearing and settlement service income is recognized at a point in time when the transactions are executed. The transaction price is determined to be a fixed percentage of the transaction amount. New share subscription handling income is recognized at the time when the performance obligation has been satisfied by successfully complete IPO subscription on behalf of customers. The transaction price of new share subscription services is a fixed amount per IPO subscription order and no variable consideration exists in the transaction. Dividend collection handling income is recognized at the time when the performance obligation has been satisfied by receiving dividends by WSI on behalf of customers. When WSI receives the cash dividend distributed by the stocks on behalf of customers, the net dividend will be distributed and deposited into the account of the customers, after deducting the dividend collection handling fees. Dividend collection handling income is charged at a fixed percentage of dividend collected. Handling income is directly charged from the client’s account when the transactions are settled.

WSI also provides bond distribution services by acting as a manager, a placement agent or a non-syndicate capital market intermediary, to procure subscribers to subscribe and pay for bonds in principal amounts, in return for commission income. WSI enters into a distinct subscription agreement with its customers, i.e. corporate issuers, for the provision of bond distribution services. The distribution service is distinct and is identified as one performance obligation. As stipulated in the subscription agreement, WSI will charge a distribution commission income based on certain percentage of the funds raised in the transaction. For certain lower profile projects that will not be listed on relevant exchanges, WSI will reduce its exposure by entering non-syndicate capital market intermediary agreements with the global coordinators or a manager, as a sub-distributor for them.

Revenue from providing bond distribution services to customers is recognized at a point in time when the transaction and the performance is completed, which is generally at the completion of the public offering, i.e., listing of the bond on relevant exchanges, or the acceptance by the global coordinator or lead manager for non-syndicate projects. During the year ended March 31, 2026, receivables from revenues related to bond distribution services were fully collected.

WSI generally offers no discount to its brokerage and commission clients.

Principal transactions and proprietary trading

Principal transactions and proprietary trading include all gains, losses, and income from financial instruments classified as Financial instruments owned, at fair value. Transactions in proprietary securities and related revenue and expenses are recorded on a trade date basis. Investments classified as Financial instruments owned, at fair value are reported at fair value. The determination of fair value is based on quoted market prices of an active exchange, independent broker market quotations, market price quotations or models from third-party pricing services, or when independent broker quotations or market price quotations or models from third-party pricing services are not available, valuation models prepared by the Group’s management. These models include estimates, and the valuation derived from them could differ materially from amounts realizable in an open market exchange. Realized and unrealized changes in fair value are recognized in principal transactions, net in the period in which the change occurs.

As of March 31, 2026, WSI holds financial instruments owned, at fair value, of approximately $2.57 million. There were no financial instruments owned, at fair value, as of March 31, 2025. During the years ended March 31, 2026, 2025 and 2024, WSI has reported a principal transaction and proprietary trade income of $0.52 million, $0.11 million, and trade loss of $0.72 million respectively.

Interest income

WSI earns interest income primarily from the margin financing services it offered in relation to the securities brokerage services. Margin financing services refer to the margin loans provided by WSI to its clients for their purchase of securities on the secondary market or for their subscription to shares offered under IPOs. WSI acts as a principal in such transactions. Interest income is recognized with a fixed percentage over the period that the financing amount is outstanding.

Software licensing (including subscription-based) and related support services income

WSI’s and WTI’s contracts typically involve the sales of on-premise licenses (“software licensing”), and often bundled with maintenance and support (“M&S”) services, which are typically capable of being distinct. If goods or services are determined to be distinct, they are accounted for as separate performance obligations. Perpetual on-premise licenses of broker-dealer business related software permit customers to use the software as it exists. The licenses are usually priced as a fixed upfront fee based on the level of complexity and functionalities. The customers take possession of the software, which provides a mature interface to licensed broker-dealer companies for securities trading in a mobile application. Revenues from on-premise licenses are recognized at a point in time when the software is made available to the customer to download or use. WSI and WTI also provide maintenance and support service for customers who purchase on-premise licenses at the option of the customers. These services include troubleshooting, technical support, and the right to receive unspecified software updates. Revenues from maintenance and support services are recognized ratably over the term of the contracts because WSI and WTI are obligated to make the maintenance and support services available continuously throughout the contract period, and the customers simultaneously receive and benefit from these services throughout the contract period.

WSI entered a bundled arrangement with Wealth Guardian Investment Limited (“WGI”) and a new customer (collectively as the “Customers”), which includes three promises (1) to deliver a software license, (2) to provide customized modules and updates that are critical to the core functionality of the license and are essential to fulfilling the intended purpose of the license, and (3) to provide M&S services. The Group determines the customized modules and updates are highly interdependent or interrelated with the license and should be combined with the license as a single performance obligation. As the Customers simultaneously received and benefited from the WSI’s performance, obtained control of the initial software license and the customized modules and updates as soon as they were made available, the Group recognized the revenue of the performance obligation using the output method based on measurements of the value of the goods or services transferred to date relative to the remaining goods or services promised under the contract. The promise to provide M&S services at the option of the Customers, including troubleshooting, technical support, unspecified software updates, and other related services, is a separate performance obligation from software licensing and the customized modules and updates since the M&S services are capable of being distinct and separately identifiable. As the Customers continuously received and benefited from the M&S services, the Group recognized the revenue from the M&S services ratably over the term of the contract.

Revenues under the bundled arrangements are allocated based on the relative stand-alone selling prices (“SSP”) of on-premise license, customized modules and updates (if any), and maintenance and support services. The SSP for on-premise licenses and customized modules and updates is estimated based on observable transactions when those services are sold on a standalone basis. The SSP of M&S is typically estimated using the adjusted market assessment approach. The Group considers a competitor’s pricing for similar services in the market, adjusted for the Group’s position in the market, expected profit margin and cost structure. Contracts for software licensing and M&S services generally include a renewal option for the M&S services; however, the renewal option to acquire additional goods or services is neither free nor discounted and does not represent a material right.

Contracts are generally fixed price and may be invoiced on a regular basis ranging from monthly to semi-annually, with standard payment terms ranging from 10 to 180 days. The timing of revenue recognition may differ from the timing of invoicing customers due to the existence of these invoicing practices as well as the requirement to recognize revenue on a relative stand-alone selling price basis. The Group elects as a practical expedient to not adjust the promised amount of consideration for the effects of a significant financing component if the period between when the Group transfers a promised good or service to a customer and when the customer pays for that good or service is one year or less.

WSI and WTI act as a principal in the forgoing contracts as they are primarily responsible for fulfilling the promise to provide the goods or services to the customers.

During the year ended March 31, 2025, the Group commenced to offer SaaS services to its customers. The nature of the SaaS services refers to license subscriptions and solution services, for the use of the Group’s platforms, where it is recognized proportionally to the time contracted. In general, licenses are billed monthly on the post paid model, and the Group promise to a fix-term of SaaS services. The Group considers that it satisfies its performance obligations over time each month as it provides the SaaS services to customers and recognizes revenue ratably over the month. Invoiced amounts are recorded in accounts receivable and in revenue or contract liabilities, depending on whether the revenue recognition criteria are met. The Group’s agreements with customers do not provide rights of return, and do not provide customers with the right to take possession of the software that supports the applications. Payments received in advance of services being rendered are recorded as contract liabilities and recognized ratably over time. The SaaS contract terms typically last for one year. Customers are required to prepay at least more than half of the services and pay the remaining six months after initial set up and acceptance. Customer contracts for sales of software licensing (including subscription-based) and related support services remaining performance obligations include contract liabilities and unbilled amounts that will be recognized as revenue in future periods. The value of the transaction price allocated to remaining performance obligations under software licensing (including subscription-based) and related support services contracts as of March 31, 2026 and 2025 was approximately $68,000 and $23,000, respectively. The Group expects to recognize the remaining performance obligations as revenue in the next twelve months.

Contract assets and liabilities

The Group records a contract asset when revenue is recognized prior to invoicing. The Group’s contract liabilities primarily relate to unsatisfied performance obligations when payment has been received from customers before the performance obligations are satisfied. The following table summarized the opening and closing balances in contract assets and liabilities:

	Contract assets		Contract liabilities^*
Balance as of March 31, 2025	$	1,200,000	$	123,137
Net change to contract balance recognized since beginning of period due to recognition of revenue and amounts billed		91,837		44,432
Balance as of March 31, 2026	$	1,291,837	$	167,569
Classifying as:
Contract assets - related party	$	400,000	$	—
Contract assets		891,837		—
Contract liabilities recorded in accrued expenses and other current liabilities		—		167,569
	$	1,291,837	$	167,569

No expected credit loss was recognized for the years ended March 31, 2026, 2025, and 2024 for contract assets. The Group subsequently billed $1.2 million contract assets in July 2026.

Operating costs and expenses

(w)	Operating costs and expenses

Operating costs and expenses consist primarily of (i) commissions and brokerage fees, (ii) interest expenses, (iii) software licensing and related support outsourcing cost, and (iv) other general and administrative expenses.

Commission and brokerage expenses are charged by clearing organization and/or executing brokers for clearing and settlement services, are accrued on a trade-date basis and are expensed as incurred. Interest expenses primarily consist of interest expenses of borrowings from financial institutions paid to fund the Group’s margin financing business. Software licensing and related support outsourcing cost represent outsourced software licensing and related support services charged by a sub-contractor, The sub-contractor was a related party of the Group through the third quarter of 2025 and ceased to be a related party beginning in the fourth quarter of 2025. Other general and administrative expenses mainly consist of staff compensation and benefits, lease costs, professional service fees and other general operating expenses.

Research and development expenses

(x)	Research and development expenses

Research and development expenses include the purchased services for developing artificial intelligence software for business purpose and improving the business operation flow. All research and development costs are expensed as incurred.

Income from foreign currency spread

(y)	Income from foreign currency spread

Income from foreign currency spread is the income WSI generates from the bid/ask price difference during the currency transactions at specific points in each transaction. Foreign currency balances are assets and liabilities in currencies other than the functional currency of each entity that comprises the Group. At every reporting date, the Group revalues its foreign currency balances to its functional currency at the spot exchange rate and records the associated foreign currency gains and losses in the consolidated statements of operations.

Leases - Lessee

(z)	Leases - Lessee

The Group determines whether an arrangement is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or an operating lease. Lease terms of certain operating leases include the non-cancellable period for which the Group has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain.

Under FASB ASC 842, lessees are required to recognize the following for all leases on the commencement date: (i) lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The Group has elected not to present short-term leases on the consolidated balance sheet as these leases have a lease term of 12 months or less at lease inception and do not contain purchase options or renewal terms that the Group is reasonably certain to exercise.

The Group estimates its incremental borrowing rate for its leases at the commencement date to determine the present value of future lease payments when the implicit rate is not readily determinable in the lease. In estimating its incremental borrowing rate, the Group considers publicly available data of borrowing rates for loans of similar amount, currency and term as the lease.

The Group has not elected the practical expedient to combine lease and non-lease components in the determination of lease expense for leases for office and employee residence. For operating lease, lease expense is recognized on a straight-line basis over the lease term. For finance lease, the right-of-use assets is amortized on a straight-line basis over the shorter of the remaining life of the asset or the life of the lease, with such amortization included in general and administrative expenses of the Group’s consolidated statement of operations.

Income taxes

(aa)	Income taxes

Income taxes are accounted for using an asset and liability method in accordance with FASB ASC Topic 740, “Income Taxes”. Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current period and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets also include the prior years’ net operating losses carried forward. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

Under the provisions of FASB ASC 740, when tax returns are filed, it is likely that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The Group recognizes interest accrued and penalties related to unrecognized tax benefits in the provision for income taxes.

Segment Reporting

(ab)	Segment Reporting

ASC 280, “Segment Reporting” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s chief operating decision maker (“CODM”) organizes segments within the Group for making operating decisions assessing performance and allocating resources. The Group’s CODM is a management committee comprised of senior executives, allocated resources and assessed performance based upon consolidated financial information and therefore the Group has determined that it has a single operating and reportable segment.

As of March 31, 2026 and 2025, and for the years ended March 31, 2026, 2025 and 2024, all long-lived assets and all of the revenues generated are attributed to the Group’s operations in Hong Kong.

Share-based compensation

(ac)	Share-based compensation

The Group accounts for share-based compensation awards in accordance with FASB ASC 718, “Compensation - Stock Compensation”. The Group also recognizes compensation cost in its consolidated financial statements in situations where the share-based awards are issued by the parent company of the Group for services provided by the employee to the Group. Share-based compensation awards are measured at the grant date fair value of the awards and recognized as expenses (a) immediately at the grant date if no vesting conditions are required; or (b) for share-based awards granted with only service conditions, using the graded vesting method, net of estimated forfeitures, over the vesting period. The cost of services received from employees in exchange for awards of equity instruments is recognized in the consolidated statements of operations based on the estimated fair value of those awards on the grant date and amortized on a straight-line basis over the vesting period. The Group records forfeitures as they occur.

Related parties and transactions

(ad)	Related parties and transactions

The Group identifies related parties, and accounts for, discloses related party transactions in accordance with FASB ASC 850, “Related Party Disclosures” and other relevant ASC standards.

Parties, which can be a corporation or individual, are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.

Earnings (loss) per share

(ae)	Earnings (loss) per share

The Group computes earnings per share in accordance with FASB ASC 260, “Earnings per Share”. Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average ordinary shares outstanding during the period. Diluted income (loss) per share is computed by dividing net income (loss) by the weighted average number of ordinary shares, ordinary share equivalents and potentially dilutive securities outstanding during each period. Ordinary share equivalents are not included in the calculation of diluted loss per share if their effect would be anti-dilutive. Diluted loss per share attributable to shareholders of ordinary shares is the same as basic net loss per share attributable to shareholders of ordinary shares for the years presented because the effects of potentially dilutive items were antidilutive given the Group’s net loss for the years ended March 31, 2026, 2025 and 2024. As of March 31, 2026 and 2025, there were no dilutive shares.

Comprehensive income (loss)

(af)	Comprehensive income (loss)

FASB ASC 220, “Comprehensive Income” establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive income (loss), as presented in the accompanying consolidated statements of changes in shareholders’ equity, consists of cumulative foreign currency translation adjustments.

Concentration and credit risk

(ag)	Concentration and credit risk

Financial instruments that potentially subject the Group to concentration of credit risk consist of cash accounts held with financial institutions in Hong Kong. Cash segregated under regulatory requirements is deposited in reputable financial institutions as required by the Hong Kong Securities and Futures Ordinance. At times, these accounts may exceed the maximum coverage limit of approximatively $102,000 (HK$800,000), effective from October 1, 2024, under the Deposit Protection Scheme introduced by the Hong Kong Government.

The Group has not experienced any losses in these accounts and management believes that these financial institutions are of sound credit quality and the Group is not exposed to any significant credit risk on these accounts.

The Group’s exposure to credit risk associated with its trading and other activities is measured on an individual counterparty basis, as well as by Group of counterparties that share similar attributes.

We are exposed to concentration risks with specific counterparties.

(i)

Major customer

For the years ended March 31, 2026, 2025 and 2024, the customers who accounted for 10% or more of the Group’s total revenues are presented as follows:

	For the years ended March 31,
Customer	2026			2025			2024
Customer A		34.6	%		—	%		—	%
Customer B, related party		20.0	%		64.2	%		39.5	%

	As of March 31,
Customer	2026			2025
Customer A		41.1	%		—	%
Customer B, related party		3.2	%		61.0	%

(ii)

Major supplier

There was one sole supplier for software licensing and related support outsourcing services, who accounted for 5.1%, 5.4%, and 11.3% of total operating costs and expenses for the years ended March 31, 2026, 2025 and 2024, respectively.

As of March 31, 2026 and 2025, supplier A, accounted for 10.0% and 5.4% of the total balance of accounts payable, respectively. Supplier A ceased to be a related party in the fourth quarter in 2025.

Risks and uncertainties

(ah)	Risks and uncertainties

The Group’s business, financial condition and results of operations may also be negatively impacted by risks related to regional wars, geopolitical tensions, natural disasters, extreme weather conditions, health epidemics and other catastrophic incidents, which could potentially and significantly disrupt the Group’s operations.

Recent accounting pronouncements

(ai)	Recent accounting pronouncements

We are an “emerging growth company” as defined in the JOBS Act. Under the JOBS Act, an emerging growth company can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies.

Recently adopted accounting pronouncements

In December 2023, FASB issued ASU 2023-09, “Income Taxes (Topic 740)” (“ASU 2023-09”). The amendments in ASU 2023-09 address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. One of the amendments in ASU 2023-09 includes disclosure of, on an annual basis, a tabular rate reconciliation of (i) the reported income tax expense (or benefit) from continuing operations, to (ii) the product of the income (or loss) from continuing operations before income taxes and the applicable statutory federal income tax rate of the jurisdiction of domicile using specific categories, including separate disclosure for any reconciling items within certain categories that are equal to or greater than a specified quantitative threshold of 5%. ASU 2023-09 also requires disclosure of, on an annual basis, the year-to-date amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign jurisdictions, including additional disaggregated information on income taxes paid (net of refunds received) to an individual jurisdiction equal to or greater than 5% of total income taxes paid (net of refunds received). The amendments in ASU 2023-09 are effective for annual periods beginning after December 15, 2024, and should be applied prospectively. The Group adopted this standard effective April 1, 2025 prospectively.

Recently issued accounting pronouncements not yet adopted

In January 2025, the FASB issued ASU 2025-01 Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40). The FASB issued ASU 2024-03 on November 4, 2024. ASU 2024-03 states that the amendments are effective for public business entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Following the issuance of ASU 2024-03, the FASB was asked to clarify the initial effective date for entities that do not have an annual reporting period that ends on December 31 (referred to as non-calendar year-end entities). Because of how the effective date guidance was written, a non-calendar year-end entity may have concluded that it would be required to initially adopt the disclosure requirements in ASU 2024-03 in an interim reporting period, rather than in an annual reporting period. The FASB’s intent in the basis for conclusions of ASU 2024-03 is clear that all public business entities should initially adopt the disclosure requirements in the first annual reporting period beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Management is currently evaluating this ASU to determine its impact on the Company’s disclosures.

In September 2025, the FASB issued ASU No. 2025-06, Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. This update provides amendments to clarify and modernize the accounting for costs incurred to develop or acquire internal-use software. The amendments address the capitalization of implementation costs by utilizing a principles-based approach and consolidates website development guidance under Subtopic 350-40. The amendments can be applied prospectively, modified prospectively, or retrospectively and are effective for annual and interim periods beginning after December 15, 2027. Early adoption is permitted. Management is currently evaluating this ASU to determine its impact on the Company’s disclosures.

In September 2025, the FASB issued ASU No. 2025-07, Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract. This update introduces a scope exception to derivative accounting for certain contracts with underlying tied to operations or activities specific to one of the parties. Additionally, the update clarifies that share-based noncash consideration received from a customer should be accounted for under Topic 606 until the right to receive or retain the consideration becomes unconditional. The amendments can be applied prospectively or modified retrospectively and are effective for annual and interim periods beginning after December 15, 2026. Management is currently evaluating this ASU to determine its impact on the Company’s disclosures.

In December 2025, the FASB issued ASU No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements. This update clarifies the applicability, form and content, and interim disclosure requirements in ASC Topic 270 and enhances navigability of the interim reporting guidance. The amendments are effective for interim reporting periods within annual reporting periods beginning after December 15, 2027, for public business entities and after December 15, 2028, for entities other than public business entities. Early adoption is permitted. Management is currently evaluating this ASU to determine its impact on the Company’s disclosures.

In December 2025, the FASB issued ASU 2025-12, “Codification Improvements,” which updates the FASB Accounting Standards Codification to clarify, correct errors, and improve the overall usability of GAAP. The improvements consist of narrow-scope amendments, technical corrections, clarification of existing guidance, and updates to clarify the appropriate scope and application of certain disclosure requirements. ASU 2025-12 is effective for annual and interim periods beginning after December 15, 2026. Early adoption is permitted. Management is currently evaluating this ASU to determine its impact on the Company’s disclosures.

Except for the above-mentioned pronouncements, there are no new recently issued accounting standards that will have a material impact on the Group’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Concentration and Credit Risk (Details)			12 Months Ended
	Oct. 01, 2024 USD ($)	Oct. 01, 2024 HKD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Concentration and Credit Risk [Abstract]
Concentration risk, maximum coverage limit	$ 102,000	$ 800,000
Operating Cost and Expenses [Member] \| Supplier Concentration Risk [Member] \| Supplier One [Member] \| Related Party [Member]
Concentration and Credit Risk [Abstract]
Concentration risk, percentage			5.10%	5.40%	11.30%
Accounts Payable [Member] \| Supplier Concentration Risk [Member] \| Supplier A [Member] \| Related Party [Member]
Concentration and Credit Risk [Abstract]
Concentration risk, percentage			10.00%	5.40%

- Definition

+ References + Details

LEASES, Future Maturity of Lease Liabilities (Details) - USD ($)	Mar. 31, 2026	Mar. 31, 2025
Future Maturity of Lease Liabilities [Abstract]
2027	$ 575,784
2028	469,023
Total lease payments	1,044,807
Less: interest	(49,114)
Present value of lease liabilities	995,693
Less: Operating lease liabilities, current	(537,890)	$ (463,120)
Operating lease liabilities, non-current	$ 457,803	$ 30,561

CONVERTIBLE PROMISSORY NOTE, Summary (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 16, 2026	Mar. 31, 2026	Nov. 19, 2025
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract]
Aggregate principal amount		$ 780	$ 2,820
Subsequent Event [Member]
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract]
Conversion of preferred shares (in shares)	7,500,000
Conversion price (in dollars per share)	$ 0.38

EQUITY METHOD INVESTMENT, NET, Summary (Details)	1 Months Ended		12 Months Ended
EQUITY METHOD INVESTMENT, NET, Summary (Details)	Oct. 31, 2024 USD ($)	Oct. 31, 2024 HKD ($)	Mar. 31, 2026 USD ($)	Mar. 31, 2025 USD ($)	Mar. 31, 2024 USD ($)
Equity Method Investments [Abstract]
Loss from equity method investment			$ (31,603)	$ (578,256)	$ 0
Carrying amount			0	$ 189,932
WSI [Member]
Equity Method Investments [Abstract]
Ownership percentage	55.00%				55.00%
Minimum voting rights percentage					66.67%
Carrying amount	$ 190,000
Equity interest consideration	$ 900,000	$ 7,000,000
Allowance on expected credit losses on receivable			$ 150,000
Other Shareholder [Member]
Equity Method Investments [Abstract]
Ownership percentage					45.00%

- Definition

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

+ References + Details

- Definition

Amount of income (loss) for proportionate share of equity method investee's income (loss).

+ References + Details

FAIR VALUE MEASUREMENT (Details) - USD ($)	Mar. 31, 2026	Mar. 31, 2025
Recurring [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	$ 2,574,657
Financial assets measured at fair value		$ 0
Recurring [Member] \| Equity Securities [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	1,815,017
Recurring [Member] \| Equity Total Return Swap [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	759,640
Recurring [Member] \| Quoted Prices in Active markets (Level 1) [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	1,815,017
Recurring [Member] \| Quoted Prices in Active markets (Level 1) [Member] \| Equity Securities [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	1,815,017
Recurring [Member] \| Quoted Prices in Active markets (Level 1) [Member] \| Equity Total Return Swap [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	0
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	759,640
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Equity Securities [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	0
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Equity Total Return Swap [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	759,640
Recurring [Member] \| Significant Other Observable Inputs (Level 3) [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	0
Recurring [Member] \| Significant Other Observable Inputs (Level 3) [Member] \| Equity Securities [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	0
Recurring [Member] \| Significant Other Observable Inputs (Level 3) [Member] \| Equity Total Return Swap [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Financial instruments owned, at fair value	0
Nonrecurring [Member]
Financial Assets Measured at Fair Value on Recurring Basis [Abstract]
Equity securities without readily determinable value	$ 2,750,000	$ 2,880,000

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member]	May 18, 2026 SGD ($)	Apr. 19, 2026 USD ($) OperatingBusiness
Finder's Agreement [Member]
Subsequent Event [Abstract]
Number of operating business acquired \| OperatingBusiness		1
Percentage of success fee rate		1.00%
Threshold maximum pre-money valuation amount		$ 400,000,000
Threshold minimum pre-money valuation amount		$ 400,000,000
Period within which agreed to pay upfront cash payment		30 days
Upfront cash payment		$ 1,200,000
CTFEX Holding Pte. Limited [Member]
Subsequent Event [Abstract]
Percentage of interest acquired	42.40%
Consideration paid	$ 500,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Mar. 31, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a)	Basis of presentation

(b)	Principles of consolidation

(c)	Use of estimates

(d)	Foreign currency translation and transaction

(e)	Cash and cash equivalents

(f)	Cash segregated under regulatory requirements

(g)	Restricted cash

(h)	Receivables from and payables to clients

As of March 31, 2026 and 2025, the Group had no credit losses reserve to its receivables from clients.

(i)	Receivables from and payables to broker-dealers and clearing organization

As of March 31, 2026 and 2025, the Group had no credit losses reserve to its receivables from broker-dealers and clearing organization.

Payables to broker-dealers represent margin loan that WSI borrowed from broker-dealers by repledging or sell-and-repurchase the securities that pledged by its margin clients.

(j)	Receivables from software licensing and related support services

(k)	Current expected credit losses

(l)	Other receivables

Other receivables consisted of amount due from ST MA Ltd. and redemption receivable due from Z Navigation Option Hedge Fund S.P., which were subsequently collected in full.

(m)	Property and equipment, net

Category		Estimated useful lives
Furniture and fixtures		5 years
Office equipment		3 years
Motor vehicles		5 years
Leasehold improvements		Shorter of useful life and lease term

Cost represents the purchase price of the asset and other costs incurred to bring the asset into its intended use.

(n)	Software Development Costs

(o)	Impairment of long-lived assets

(p)	Investment, cost

(q)	Equity method investments

(r)	Financial instruments owned, at fair value

(s)	Derivative financial instruments

As of March 31, 2026, the derivative asset was $0.76 million, which was included in Financial instruments owned, at fair value in the consolidated balance sheets.

(t)	Deferred offering costs

For the year ended March 31, 2026, the Company’s deferred offering cost of $1.1 million was charged against equity upon completion of its IPO on April 2, 2025.

For the year ended March 31, 2026, the Company wrote off the deferred offering cost of $0.38 million due to a significant delay in the IPO of Love and Health Limited.

(u)	Fair value measurement

ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

•

Level 1 - Observable inputs that reflect quoted prices for identical assets or liabilities in active markets.

•

Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly.

•

Level 3 - Unobservable inputs which are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

(v)	Revenue recognition

The Group generates its revenues as follows:

Brokerage and commission income

WSI generally offers no discount to its brokerage and commission clients.

Principal transactions and proprietary trading

Interest income

Software licensing (including subscription-based) and related support services income

WSI and WTI act as a principal in the forgoing contracts as they are primarily responsible for fulfilling the promise to provide the goods or services to the customers.

Contract assets and liabilities

	Contract assets		Contract liabilities^*
Balance as of March 31, 2025	$	1,200,000	$	123,137
Net change to contract balance recognized since beginning of period due to recognition of revenue and amounts billed		91,837		44,432
Balance as of March 31, 2026	$	1,291,837	$	167,569
Classifying as:
Contract assets - related party	$	400,000	$	—
Contract assets		891,837		—
Contract liabilities recorded in accrued expenses and other current liabilities		—		167,569
	$	1,291,837	$	167,569

No expected credit loss was recognized for the years ended March 31, 2026, 2025, and 2024 for contract assets. The Group subsequently billed $1.2 million contract assets in July 2026.

(w)	Operating costs and expenses

(x)	Research and development expenses

(y)	Income from foreign currency spread

(z)	Leases - Lessee

(aa)	Income taxes

(ab)	Segment Reporting

As of March 31, 2026 and 2025, and for the years ended March 31, 2026, 2025 and 2024, all long-lived assets and all of the revenues generated are attributed to the Group’s operations in Hong Kong.

(ac)	Share-based compensation

(ad)	Related parties and transactions

The Group identifies related parties, and accounts for, discloses related party transactions in accordance with FASB ASC 850, “Related Party Disclosures” and other relevant ASC standards.

(ae)	Earnings (loss) per share

(af)	Comprehensive income (loss)

(ag)	Concentration and credit risk

We are exposed to concentration risks with specific counterparties.

(i)

Major customer

For the years ended March 31, 2026, 2025 and 2024, the customers who accounted for 10% or more of the Group’s total revenues are presented as follows:

	For the years ended March 31,
Customer	2026			2025			2024
Customer A		34.6	%		—	%		—	%
Customer B, related party		20.0	%		64.2	%		39.5	%

	As of March 31,
Customer	2026			2025
Customer A		41.1	%		—	%
Customer B, related party		3.2	%		61.0	%

(ii)

Major supplier

As of March 31, 2026 and 2025, supplier A, accounted for 10.0% and 5.4% of the total balance of accounts payable, respectively. Supplier A ceased to be a related party in the fourth quarter in 2025.

(ah)	Risks and uncertainties

(ai)	Recent accounting pronouncements

Recently adopted accounting pronouncements

Recently issued accounting pronouncements not yet adopted

Except for the above-mentioned pronouncements, there are no new recently issued accounting standards that will have a material impact on the Group’s consolidated financial statements.

THE EQUITY TOTAL RETURN SWAP DERIVATIVE CONTRACT

12 Months Ended

Mar. 31, 2026

THE EQUITY TOTAL RETURN SWAP DERIVATIVE CONTRACT [Abstract]

THE EQUITY TOTAL RETURN SWAP DERIVATIVE CONTRACT

5.	THE EQUITY TOTAL RETURN SWAP DERIVATIVE CONTRACT

In October 2025, the Group acquired certain equity securities of a public company listed on the Shanghai Stock Exchange in the PRC for consideration of approximately $2.0 million (equivalent to RMB14.0 million) (the “Underlying Assets”). These equity securities are accounted for at its fair value with changes in fair value recognized in principal transactions and proprietary trading income in the consolidated statements of operations.

In November 2025, the Group entered into a total return swap contract with an independent third party (“TRS Buyer”) in connection with the Underlying Assets. Pursuant to the total return swap contract, TRS Buyer is entitled to the economic gains or losses associated with the Underlying Assets, net of transaction costs and commissions, while the Group receives the fixed financing return of 10% per annum on the notional amount of approximately $1.0 million (equivalent to RMB7.0 million) made by TRS Buyer. The settlement amount is calculated and settled on a net basis upon the sale of the Underlying Assets as instructed by TRS Buyer. To secure its obligations under the total return swap arrangement, TRS Buyer pledged all assets held in its securities account with the Group as collateral. In addition, the total return swap contract also contains a margin call provision requiring TRS Buyer to provide additional collateral if the market price of the Underlying Assets declines below a specified level.

The Group uses derivative instruments primarily to manage exposures to equity price risks. Although WSI retains legal ownership of the Underlying Assets, the economic exposure associated with those equity securities is transferred to TRS Buyer through the total return swap arrangement, except for the financing interest rate differences between two parties.

For the year ended March 31, 2026, the Group recognized a loss in fair value of equity securities of $0.69 million and a gain in the fair value of derivatives of $0.76 million, which were recorded in principal transactions and proprietary trading income in the consolidated statements of operations.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)

Ordinary Shares [Member]

Additional Paid-in Capital [Member]

(Accumulated Deficit) Retained Earnings [Member]

Accumulated Other Comprehensive (Loss) Income [Member]

Total

Beginning balance at Mar. 31, 2023

$ 0

^[1]

$ 13,908,000

$ 363,806

$ (111,857)

$ 14,159,949

Beginning balance (in shares) at Mar. 31, 2023

^[1]

76,980,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Repurchase and retirement of ordinary shares

$ 0

^[1]

(6,000,000)

Repurchase and retirement of ordinary shares (in shares)

^[1]

(36,000,000)

Net (loss) income:

$ 0

^[1]

2,496,554

Foreign currency translation adjustment

^[1]

85,550

Ending balance at Mar. 31, 2024

$ 0

^[1]

7,908,000

2,860,360

(26,307)

10,742,053

Ending balance (in shares) at Mar. 31, 2024

^[1]

40,980,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Issuance of ordinary shares from release of RSUs

$ 0

^[1]

Issuance of ordinary shares from release of RSUs (in shares)

^[1]

909,204

Issuance of ordinary shares under private placement

$ 0

^[1]

5,121,620

Issuance of ordinary shares under private placement (in shares)

^[1]

1,317,018

Share-based compensation

$ 0

^[1]

8,788,109

Net (loss) income:

^[1]

(11,967,505)

Foreign currency translation adjustment

^[1]

83,466

Ending balance at Mar. 31, 2025

$ 0

^[1]

21,817,729

(9,107,145)

57,159

12,767,743

Ending balance (in shares) at Mar. 31, 2025

^[1]

43,206,222

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Issuance of ordinary shares in connection with initial public offering, net of underwriting discounts and offering costs

$ 0

^[1]

17,175,447

Issuance of ordinary shares in connection with initial public offering, net of underwriting discounts and offering costs (in shares)

^[1]

5,031,250

Share-based compensation

$ 0

^[1]

7,060,640

Net (loss) income:

^[1]

(15,152,338)

Foreign currency translation adjustment

^[1]

(126,178)

Ending balance at Mar. 31, 2026

$ 0

^[1]

$ 46,053,816

$ (24,259,483)

$ (69,019)

$ 21,725,314

Ending balance (in shares) at Mar. 31, 2026

^[1]

48,237,472

[1]	The number of ordinary shares and amount of ordinary shares have been retrospectively adjusted to give effect to the changes in par value and a six-for-one stock split. Refer to Note 10 for more details.

THE EQUITY TOTAL RETURN SWAP DERIVATIVE CONTRACT, Summary (Details) $ in Thousands, ¥ in Millions	1 Months Ended		12 Months Ended
	Oct. 31, 2025 USD ($)	Oct. 31, 2025 CNY (¥)	Mar. 31, 2026 USD ($) Counterparty	Nov. 30, 2025 USD ($)	Nov. 30, 2025 CNY (¥)
Debt Securities, Trading, and Equity Securities, FV-NI, Cost [Abstract]
Notional amount			$ 760
Loss in fair value of equity securities			690
Gain in fair value of derivatives			$ 760
Equity Securities [Member]
Debt Securities, Trading, and Equity Securities, FV-NI, Cost [Abstract]
Equity interest consideration	$ 2,000	¥ 14.0
Equity Total Return Swap [Member]
Debt Securities, Trading, and Equity Securities, FV-NI, Cost [Abstract]
Fixed financing return				10.00%	10.00%
Notional amount				$ 1,000	¥ 7.0
Number of counterparties \| Counterparty			2

SEGMENT INFORMATION (Details)	12 Months Ended
SEGMENT INFORMATION (Details)	Mar. 31, 2026 USD ($) Segment	Mar. 31, 2025 USD ($)	Mar. 31, 2024 USD ($)
SEGMENT INFORMATION [Abstract]
Number of operating segments \| Segment	1
Number of reportable segments \| Segment	1
Performance and Making Key Decisions of Reviews Several Key Metrics [Abstract]
Principal transactions and proprietary trading	$ 520,264	$ 105,483	$ (715,309)
Total revenues	11,082,924	7,447,944	10,055,809
Commissions and brokerage fees	(3,052,843)	(246,259)	(401,843)
Interest expenses	(922,556)	(289,943)	(158,441)
Share-based compensation	(7,060,640)	(8,788,109)	0
Research and development expenses	(726,299)	(427,672)	0
Allowance for expected credit losses	(1,256,873)	0	0
Operating (loss) income	(14,526,792)	(10,651,355)	2,943,194
Other income (loss), net	(625,546)	(1,162,722)	(6,706)
(Loss) income before income tax expenses	(15,152,338)	(11,814,077)	2,936,488
Income tax expense	0	(153,428)	(439,934)
Net (loss) income	(15,152,338)	(11,967,505)	2,496,554
Single Reporting Segment [Member]
Performance and Making Key Decisions of Reviews Several Key Metrics [Abstract]
Brokerage and commission income	7,148,260	4,363,672	8,230,266
Principal transactions and proprietary trading	520,264	105,483	(715,309)
Interest income	2,091,440	1,176,572	1,166,998
Software licensing and related support services income	1,322,960	1,802,217	1,373,854
Commissions and brokerage fees	(3,052,843)	(246,259)	(401,843)
Software licensing (including subscription based) and related support outsourcing cost	(881,031)	(975,865)	(802,745)
Interest expenses	(922,556)	(289,943)	(158,441)
Share-based compensation	(7,060,640)	(8,788,109)	0
Research and development expenses	(726,299)	(427,672)	0
Allowance for expected credit losses	(1,256,873)	0	0
Other operating costs and expenses	(11,709,474)	(7,371,451)	(5,749,586)
Other income (loss), net	$ (625,546)	$ (1,162,722)	$ (6,706)

ORGANIZATION AND DESCRIPTION OF BUSINESS (Tables)

12 Months Ended

Mar. 31, 2026

ORGANIZATION AND DESCRIPTION OF BUSINESS [Abstract]

Subsidiaries Information

As of March 31, 2026, the Company’s operating subsidiaries are as follows:

Entity	Date of Incorporation	Place of Incorporation	% of Ownership	Major business activities
Waton Securities International Limited (“WSI”)	April 28, 1989	Hong Kong	100%	Broker services and software licensing and related support services
Waton Technology International Limited (“WTI”)	February 24, 2023	Hong Kong	100%	Software licensing and related support services
Waton Sponsor Limited	September 7, 2023	BVI	100%	Sponsor of a special purpose acquisition company
Love & Health Limited*	October 3, 2023	Cayman Islands	100%	Special Purpose Acquisition Company
Descart Limited	February 23, 2024	United States	100%	General holding

As of March 31, 2026, Love & Health Limited has not completed its initial public offering with Nasdaq.

SHAREHOLDERS' EQUITY, 2024 Global Equity Incentive Plan (Details)						12 Months Ended
	Dec. 31, 2024	Nov. 18, 2024 shares	Sep. 29, 2023	Sep. 28, 2023	Apr. 01, 2022	Mar. 31, 2026 shares	Mar. 31, 2025	Mar. 31, 2024	Mar. 31, 2023
2024 Global Equity Incentive Plan [Abstract]
Stock split ratio	6		6	1,000	6	6	6	6	6
2024 Global Equity Incentive Plan [Member]
2024 Global Equity Incentive Plan [Abstract]
Equity plan expiration period						10 years
Stock split ratio		6
Number of shares granted after stock split (in shares)		4,884,030
Number of ordinary shares vested (in shares)		151,534
Number of ordinary shares issued (in shares)		151,534
Number of ordinary shares exercised (in shares)		151,534
Number of ordinary shares vested after stock split (in shares)		909,204
Number of ordinary shares exercised after stock split (in shares)		909,204
Number of ordinary shares issued after stock split (in shares)		909,204
2024 Global Equity Incentive Plan [Member] \| Maximum [Member]
2024 Global Equity Incentive Plan [Abstract]
Number of shares available for grant (in shares)		10,245,000
Restricted Stock [Member] \| 2024 Global Equity Incentive Plan [Member]
2024 Global Equity Incentive Plan [Abstract]
Number of shares granted (in shares)		814,005				0

COLLATERALIZED TRANSACTIONS (Details) - USD ($)

Mar. 31, 2026

Mar. 31, 2025

Collateralized Transaction [Abstract]

Margin loan extended to margin clients

^[1]

$ 13,070,052

$ 4,364,851

Total value of securities held by margin clients

131,211,456

133,458,270

Margin loan received from financial institutions

^[2]

11,413,714

7,234,684

Total value of securities repledged to financial institutions

17,798,647

10,179,699

Wealth Guardian Investment Limited [Member]

Collateralized Transaction [Abstract]

Client payable

1,417,153

Wealth Guardian Investment Limited [Member] | Margin Loan [Member]

Collateralized Transaction [Abstract]

Margin loan receivables

3,500,000

Client payable

$ 0

$ 200,000

[1]	The amount includes margin loan receivables from WGI totaling nil and $3.5 million, net of client payables to WGI amounting to nil and $0.2 million as of March 31, 2026 and 2025, respectively.
[2]	Recorded in Payable to Brokers and Clearing Organizations

SHAREHOLDERS' EQUITY, Key Inputs into the Binominal Pricing Model Assumptions Under Equity Incentive Plan (Details) - Restricted Stock [Member]	Nov. 18, 2024 $ / shares
Key Inputs into the Binominal Pricing Model Assumptions under Equity Incentive Plan [Abstract]
Share price (in dollars per share)	$ 3.91
Risk-free interest rate	4.41%
Expected volatility	53.91%
Expected dividend yield	0.00%
Minimum [Member]
Key Inputs into the Binominal Pricing Model Assumptions under Equity Incentive Plan [Abstract]
Exercise price (in dollars per share)	$ 0
Expected life (in years)	0 years
Maximum [Member]
Key Inputs into the Binominal Pricing Model Assumptions under Equity Incentive Plan [Abstract]
Exercise price (in dollars per share)	$ 0.75
Expected life (in years)	10 years

SHAREHOLDERS' EQUITY, Ordinary Shares and Recapitalization (Details) $ / shares in Units, $ in Thousands													12 Months Ended
	Apr. 02, 2025 USD ($) $ / shares shares	Dec. 31, 2024 $ / shares	Nov. 18, 2024 $ / shares shares	Nov. 08, 2024 USD ($) $ / shares shares	Nov. 08, 2024 HKD ($) shares	Mar. 22, 2024 USD ($) shares	Sep. 29, 2023 $ / shares shares	Sep. 28, 2023 $ / shares shares	Sep. 03, 2023 USD ($) shares	Dec. 14, 2022 USD ($) $ / shares shares	Apr. 01, 2022	Jun. 25, 2010	Mar. 31, 2026 USD ($) $ / shares shares	Mar. 31, 2025 USD ($) $ / shares shares	Mar. 31, 2024 USD ($)	Mar. 31, 2023 $ / shares shares	Nov. 09, 2024 $ / shares	Sep. 30, 2023 shares	Mar. 31, 2022 $ / shares shares
Class of Stock Disclosures [Abstract]
Common Stock, Shares Authorized, Unlimited [Fixed List]												Unlimited	Unlimited	Unlimited
Ordinary shares, issued (in shares)													48,237,472	43,206,222		76,980,000			16,980,000
Ordinary shares, outstanding (in shares)							8,830,000	8,830					48,237,472	43,206,222		76,980,000		52,980,000	16,980,000
Ordinary share, par value (in dollars per share) \| $ / shares		$ 0.001					$ 0.001	$ 1								$ 1			$ 1
Issuance of ordinary shares \| $													$ 17,175,447
Ordinary shares, par value (in dollars per share) \| $ / shares		$ 0					$ 0						$ 0	$ 0		$ 0			$ 0
Stock split ratio		6					6	1,000			6		6	6	6	6
Repurchase and retirement of ordinary shares \| $															$ 6,000,000
Share price (in dollars per share) \| $ / shares	$ 4
Net proceeds on discounts and offering expenses \| $	$ 18,234,300												$ 0	$ 5,121,620	$ 0
IPO [Member]
Class of Stock Disclosures [Abstract]
Issuance of ordinary shares (in shares)	4,375,000
Over-Allotment [Member]
Class of Stock Disclosures [Abstract]
Issuance of ordinary shares (in shares)	656,250
2024 Global Equity Incentive Plan [Member]
Class of Stock Disclosures [Abstract]
Stock split ratio			6
Restricted Shares [Member]
Class of Stock Disclosures [Abstract]
Share price (in dollars per share) \| $ / shares			$ 3.91
Restricted Shares [Member] \| 2024 Global Equity Incentive Plan [Member]
Class of Stock Disclosures [Abstract]
Number of restricted share granted (in shares)			4,884,030
Director, Employees and Consultant [Member] \| 2024 Global Equity Incentive Plan [Member]
Class of Stock Disclosures [Abstract]
Stock split ratio			6
Number of restricted share granted (in shares)			909,204
Director, Employees and Consultant [Member] \| Restricted Shares [Member] \| 2024 Global Equity Incentive Plan [Member]
Class of Stock Disclosures [Abstract]
Stock split ratio			6
Waton Corporation Limited [Member]
Class of Stock Disclosures [Abstract]
Ordinary share, par value (in dollars per share) \| $ / shares								$ 1
Issuance of ordinary shares (in shares)								52,980		60,000,000
Issuance of ordinary shares \| $										$ 10,000,000
Ordinary shares, par value (in dollars per share) \| $ / shares								$ 0		$ 0
Stock split ratio						6		6	6	6
Share price (in dollars per share) \| $ / shares										$ 1
Repurchase and retirement of ordinary shares (in shares)						12,000,000		49,800,000	24,000,000
Repurchase and retirement of ordinary shares \| $						$ 2,000,000			$ 4,000,000
Dynamic Creations Limited [Member]
Class of Stock Disclosures [Abstract]
Stock split ratio				6	6
Purchase of ordinary shares (in shares)				1,317,018	1,317,018
Share price (in dollars per share) \| $ / shares				$ 23.43													$ 3.91
Cash consideration				$ 5,150,000	$ 40,000
Previously Reported [Member]
Class of Stock Disclosures [Abstract]
Ordinary shares, issued (in shares)																12,830,000			2,830,000
Ordinary shares, outstanding (in shares)																12,830,000			2,830,000
Previously Reported [Member] \| Restricted Shares [Member] \| 2024 Global Equity Incentive Plan [Member]
Class of Stock Disclosures [Abstract]
Number of restricted share granted (in shares)			814,005
Previously Reported [Member] \| Director, Employees and Consultant [Member] \| 2024 Global Equity Incentive Plan [Member]
Class of Stock Disclosures [Abstract]
Number of restricted share granted (in shares)			151,534
Previously Reported [Member] \| Waton Corporation Limited [Member]
Class of Stock Disclosures [Abstract]
Issuance of ordinary shares (in shares)								8,830		10,000,000
Repurchase and retirement of ordinary shares (in shares)						2,000,000		8,300,000	4,000,000
Previously Reported [Member] \| Dynamic Creations Limited [Member]
Class of Stock Disclosures [Abstract]
Purchase of ordinary shares (in shares)				219,503	219,503

DISAGGREGATED REVENUE (Tables)

12 Months Ended

Mar. 31, 2026

DISAGGREGATED REVENUE [Abstract]

Disaggregation of Revenue from Contracts with Customers

In addition to the information shown in the above disclosures, the revenue from contracts with customers within FASB ASC 606 and other sources of revenue is disaggregated as follow:

	For the years ended March 31,
	2026						2025						2024
	Point in time		Over time		Total		Point in time		Over time		Total		Point in time		Over time		Total
Revenue from contracts with customers
Brokerage and commission income
Brokerage and commission and handling charge income*	$	5,692,160	$	—	$	5,692,160	$	507,728	$	—	$	507,728	$	644,861	$	—	$	644,861
Brokerage and commission income and handling charges – related party*		1,390,497		—		1,390,497		2,539,260		—		2,539,260		1,757,731		—		1,757,731
Bond distribution commission income		65,603		—		65,603		1,316,684		—		1,316,684		5,827,674		—		5,827,674
Margin financing services
Interest income		—		1,638,632		1,638,632		—		135,938		135,938		—		150,819		150,819
Interest income – related party		—		452,808		452,808		—		1,040,634		1,040,634		—		1,016,179		1,016,179
Software licensing (including subscription based) and related support services
Software license		—		—		—		500,000		—		500,000		—		—		—
SaaS service		—		122,960		122,960		—		92,391		92,391		—		—		—
M&S		—		800,000		800,000		—		9,826		9,826		—		176,303		176,303
M&S – related party		—		400,000		400,000		—		1,200,000		1,200,000		—		1,197,551		1,197,551
Other sources of revenue
Principal transactions and proprietary trading		520,264		—		520,264		105,483		—		105,483		(715,309)		—		(715,309	)
Total revenues	$	7,668,524	$	3,414,400	$	11,082,924	$	4,969,155	$	2,478,789	$	7,447,944	$	7,514,957	$	2,540,852	$	10,055,809

Total handling charge income, including amounts from a related party, was $3,922,000, $281,000 and $221,000 for the years ended March 31, 2026, 2025 and 2024, respectively.

INVESTMENTS IN EQUITY SECURITIES, AT NAV

12 Months Ended

Mar. 31, 2026

INVESTMENTS IN EQUITY SECURITIES, AT NAV [Abstract]

INVESTMENTS IN EQUITY SECURITIES, AT NAV

6.	INVESTMENTS IN EQUITY SECURITIES, AT NAV

In August 2025, the Company invested $1,000,000 in membership interests of a certain investment fund, which is a limited liability company incorporated in the State of Delaware representing approximately 1% of the outstanding membership interests of the investment fund. The Company determined it does not have significant influence in the investment fund and the investment does not have readily determinable fair value and is eligible to measure in accordance with NAV practical expedient. This investment was held by the Company and not related to the Group’s brokerage activities.

In January 2026, the investment fund was dissolved and the Company recognized a disposal loss from investment in equity securities, at NAV of $0.93 million in the consolidated statements of operations for the year ended March 31, 2026.

Investment in equity securities, at NAV — related party

WSI holds 100% of member interest in WIG SPC, an exempted segregated portfolio company. WIG SPC is the host legal entity of multiple segregated portfolios and does not have material assets, liabilities, or equity other than those solely attributable to the individual segregated portfolios. The assets and liabilities of each segregated portfolio (“SP”) are legally and economically segregated from those of the other SPs and WIG SPC. Because the activities that most significantly affect the economic performance of each SP, together with the related risks and rewards, are isolated at the individual SP level, the equity interests in the SPs do not constitute equity investment at risk of WIG SPC as a whole for purposes of the variable interest entity guidance in ASC 810, Consolidation. The Group evaluated each SP separately under ASC 810 and concluded that it is not the primary beneficiary of any of the segregated portfolios. Accordingly, the Group does not consolidate any of the SPs in its consolidated financial statements.

In April 2025, WSI launched Z Navigation Option Hedge Fund S.P. (“SP4” or “Z Navigation”), a segregated portfolio within WIG SPC. In July 2025, WSI subscribed for $1,000,000 Class VI Shares of Z Navigation at the subscription price of $15 per share. Z Navigation is a segregated portfolio fund under WIG SPC and invests in a private equity fund and certain listed equity securities. The Group’s maximum exposure to loss is limited to its subscription amount of $1 million, representing its junior tranche capital amongst $2 million total junior tranche capital paid up by junior tranche members. WSI co-manages the fund with another senior tranche investor pursuant to a supplemental fund management agreement during the year ended March 31, 2026. WSI has no obligation to provide additional financial support, including liquidity facilities, guarantees, or asset purchase commitments. The senior tranche stop-loss protection is borne solely by senior investors.

In February 2026, WSI submitted a redemption request form to the administrator of Z Navigation to redeem all the shareholdings. As of March 31, 2026, the redemption was approved and the Group recorded the redemption receivable of approximately $1.16 million in “Other receivables” in the consolidated balance sheets. The redemption proceeds were subsequently received in full in July 2026.

For the year ended March 31, 2026, the Group recognized and recorded gain from investment securities of $0.16 million in principal transactions and proprietary trading in the consolidated statements of operations.

SUBSEQUENT EVENTS

12 Months Ended

Mar. 31, 2026

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

18.	SUBSEQUENT EVENTS

The Group has evaluated subsequent events through July 30, 2026, the date of issuance of the consolidated financial statements.

On April 19, 2026, the Company entered into a Finder’s Services Agreement (the “Finder’s Agreement”) with OCASIA Group Holdings Ltd. (the “Finder”), a company incorporated under the laws of the Republic of the Marshall Islands, and Love & Health Limited (“SPAC”). Pursuant to the Finder’s Agreement, the Finder agreed to assist the SPAC in identifying and facilitating introductions to one or more potential operating businesses suitable for a business combination. If the SPAC consummates a business combination with a target introduced by the Finder, the Company will pay the Finder a success fee equal to 1% of the pre-money valuation of the target at closing if such valuation exceeds $400 million, or an appropriate rate negotiated in good faith if the valuation is below $400 million. In addition, within 30 days of execution of the Finder’s Agreement, the Company agreed to pay the Finder an upfront cash payment of $1,200,000, to be credited against any success fee ultimately payable. The remaining balance of any success fee is payable at closing of the business combination, at the Finder’s election, in restricted stock units issued under the Company’s 2024 global equity incentive plan, cash, or another form mutually agreed upon in writing.

On May 4, 2026, WTF Asia Holding Limited (“WTF Asia”), a wholly owned subsidiary of the Company, is incorporated in the BVI with limited liability and the principal business is investment holding.

On May 18, 2026, WTF Asia acquired 42.4% equity interest of CTFEX Holding Pte. Limited (“CTFEX”), a limited liability company incorporated in Singapore, for a consideration of SGD500,000. CTFEX is a Singapore-based technology and structuring platform focused on the digital representation of fund interests, data architecture research, and compliance-oriented transfer frameworks.

Except for the matters mentioned above and those disclosed elsewhere in the consolidated financial statements, no other subsequent events occurred that would require recognition or disclosure in the Group’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Investment, Cost (Details) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 31, 2023	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Investment Cost [Abstract]
Gain (loss) on investments		$ (930,000)
Impairment loss on investment, cost		$ (126,637)	$ (618,630)	$ 0
Waton Securities International Limited ("WSI") [Member]
Investment Cost [Abstract]
Proceeds from sale of investment	$ 3,500,000
Gain (loss) on investments				0
Waton Securities International Limited ("WSI") [Member] \| Series C Preferred Shares [Member]
Investment Cost [Abstract]
Total consideration				$ 6,800,000
Waton Securities International Limited ("WSI") [Member] \| Series C Preferred Shares [Member] \| Maximum [Member]
Investment Cost [Abstract]
Percentage of preferred shares subscription and shareholder agreements to acquired				1.00%
Waton Securities International Limited ("WSI") [Member] \| Zhou Kai [Member]
Investment Cost [Abstract]
Proceeds from sale of investment	2,000,000
Waton Securities International Limited ("WSI") [Member] \| Third Party [Member]
Investment Cost [Abstract]
Proceeds from sale of investment	$ 1,300,000

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Mar. 31, 2026

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

17.	COMMITMENTS AND CONTINGENCIES

Commitments

On May 7, 2024, WSI obtained a bank overdrafts limit of approximately $5.1 million (equivalent to HK$40.0 million) from a financial institution in Hong Kong. When WSI utilizes the bank overdraft, interest will be charged at the bank’s best lending rate plus 2.5% per annum. As of March 31, 2026 and 2025, the Group utilized $1.5 million and nil bank overdraft limit, respectively.

Contingencies

From time to time, the Group may be a party to various legal actions arising in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. The Group accrues costs associated with these matters when they become probable and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred.

The financial services industry is highly regulated. WSI is a licensed corporation regulated and subject to periodic regulatory review by the Hong Kong Securities and Futures Commission (“HKSFC”). WSI monitors regulatory inquiries and other regulatory matters on an ongoing basis and assesses whether any potential fines, penalties, or other liabilities are probable, estimable, and material for purposes of updating its contingency reserves and disclosures. As of the date of this annual report, the Group has not recorded any loss contingencies arising from regulatory examinations, inspections, inquiries, or other regulatory matters.

For the years ended March 31, 2026, 2025, and 2024, except for the matters mentioned above, the Group is not aware of any material legal claims or litigation that, individually or in aggregate, could have a material adverse impact on the Group’s consolidated financial position, results of operations, and cash flows.

COLLATERALIZED TRANSACTIONS (Tables)

12 Months Ended

Mar. 31, 2026

COLLATERALIZED TRANSACTIONS [Abstract]

Margin Loans and Clients Collaterals Received and Repledged

The following table summarizes the amounts of margin loans and clients’ collaterals received and repledged by the Group as of March 31, 2026 and 2025:

	As of March 31,
	2026		2025
Margin loan extended to margin clients*	$	13,070,052	$	4,364,851
Total value of securities held by margin clients	$	131,211,456	$	133,458,270
Margin loan received from financial institutions**	$	11,413,714	$	7,234,684
Total value of securities repledged to financial institutions	$	17,798,647	$	10,179,699

The amount includes margin loan receivables from WGI totaling nil and $3.5 million, net of client payables to WGI amounting to nil and $0.2 million as of March 31, 2026 and 2025, respectively.

Recorded in Payable to Brokers and Clearing Organizations

ORGANIZATION AND DESCRIPTION OF BUSINESS, Summary (Details) - USD ($)		12 Months Ended
	Apr. 02, 2025	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Subsidiaries Information [Abstract]
Offering price per share (in dollars per share)	$ 4
Aggregate net proceeds	$ 18,234,300	$ 0	$ 5,121,620	$ 0
IPO [Member]
Subsidiaries Information [Abstract]
Issuance of ordinary shares (in shares)	4,375,000
Over-Allotment [Member]
Subsidiaries Information [Abstract]
Issuance of ordinary shares (in shares)	656,250

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Mar. 31, 2026

PROPERTY AND EQUIPMENT, NET [Abstract]

PROPERTY AND EQUIPMENT, NET

7.	PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

	As of March 31,
	2026			2025
Office equipment	$	294,912		$	249,002
Furniture and fixtures		26,859			22,536
Motor vehicles		242,697			—
Leasehold improvement		348,454			322,136
Property and equipment, gross		912,922			593,674
Less: accumulated depreciation		(618,826	)		(470,377	)
Total property and equipment, net	$	294,096		$	123,297

Depreciation expense was $153,128, $102,665 and $67,070 for the years ended March 31, 2026, 2025 and 2024, respectively.