Maison Solutions Inc-A 2026年季度报告

FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section12(b)of the Act: Name of each exchange on whichregistered Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to filesuch reports), and (2)has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorterperiod that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. ☐Accelerated filer☒Smaller reporting company☒Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act):Yes☐No☒ As of March 17, 2026, the number of shares of Class A common stock, $0.0001 par value, outstanding was 27,451,517shares, and the number of shares of Class B common stock, $0.0001 par value, outstanding was 3,000,000 shares. MAISON SOLUTIONS INC. FORM 10-Q FOR THE QUARTER ENDED JANUARY 31, 2026 TABLE OF CONTENTS PagePART I. FINANCIAL INFORMATION1Item 1.Financial Statements1Consolidated Balance Sheets as of January 31, 2026 (Unaudited) and April 30, 2025 (Audited)1Consolidated Statements of Operations for the Three and Nine Months Ended January 31, 2026 and 2025(Unaudited)2Consolidated Statements of Changes in Stockholders’ Equity for the Three and Nine Months Ended January 31,2026 and 2025 (Unaudited)3Consolidated Statements of Cash Flows for the Nine Months Ended January 31, 2026 and 2025 (Unaudited)4Notes to Financial Statements (Unaudited)5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations44Item 3.Quantitative and Qualitative Disclosures about Market Risk65Item 4.Controls and Procedures65PART II. OTHER INFORMATION67Item 1.Legal Proceedings67Item 1A.Risk Factors67Item 2.Unregistered Sales of Equity Securities and Use of Proceeds67Item 3.Defaults Upon Senior Securities67Item 4.Mine Safety Disclosures67Item 5.Other Information67Item 6.Exhibits68SIGNATURES69 MAISON SOLUTIONS INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS The accompanying notes are an integral part of these consolidated financial statements. MAISON SOLUTIONS INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED) The accompanying notes are an integral part of these consolidated financial statements. MAISON SOLUTIONS INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) The accompanying notes are an integral part of these consolidated financial statements MAISON SOLUTIONS INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTSJANUARY 31, 2026 (UNAUDITED) AND APRIL 30, 2025 1. Organization Maison Solutions Inc. (“Maison”, the “Company”, and formerly known as “Maison International Inc.”) was founded on July24, 2019as an Illinois corporation with its principal place of business in California. In September2021, the Company was redomiciled in theState of Delaware as a corporation registered under the laws of the State of Delaware. Immediately upon formation, the Company acquired three retail Asian supermarkets with two brands (Good Fortune and HongKongSupermarkets) in Los Angeles, California and rebranded them as “HK Good Fortune Supermarkets.” Upon completion of theseacquisitions, these entities became controlled subsidiaries of the Company (hereafter collectively referred to as “Maison Group”). ●In July 2019, the Company purchased91% of the equity interests in Good Fortune Supermarket San Gabriel, LP (“MaisonSan Gabriel”) and85.25% of the equity interests in Good Fortune Supermarket of Monrovia, LP (“Maison Monrovia”), eachof which owns a Good Fortune Supermarket.●In October 2019, the Company purchased91.67% of the equity interests in Super HK of El Monte, Inc. (“Maison El Monte”),which owns a Hong Kong Supermarket. The Company shut down the Maison El Monte store in June 2025. The strategicdecision to close Maison El Monte store is part of the Company’s ongoing commitment to improve its profitability andsupport sustainable growth●On June 30, 2022