----

----

| x   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-------------------------------------------------------------------------------------------------------|

| o   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------------------------------------------------------------------------------------------------------|

| Delaware                                                      |   | 000-51193             |   | 20-8326081                   |
|---------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (Commission File No.) |   | (IRS Employee Identification No.) |

----

| PART 1 - FINANCIAL INFORMATION |                                                                                        |
|--------------------------------|---------------------------------------------------------------------------------------------|
|                           |                                                                                        | PAGE |
| Item 1.                        | Financial Statements (Unaudited)                                                            | 1 |
| Item 2.                        | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 12 |
| Item 3.                        | Quantitative and Qualitative Disclosures About Market Risk                                  | 16 |
| Item 4.                   | Controls and Procedures                                                                     | 16 |
|                           |                                                                                        |
| PART II - OTHER INFORMATION    |                                                                                        |
|                           |                                                                                        |   |
| Item 1.                        | Legal Proceedings                                                                           | 17 |
| Item 1A.                  | Risk Factors                                                                                | 17 |
| Item 2.                        | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 17 |
| Item 3.                        | Defaults Upon Senior Securities                                                             | 17 |
| Item 4.                        | (Removed and Reserved)                                                                      | 17 |
| Item 5.                        | Other Information                                                                           | 17 |
| Item 6.                        | Exhibits                                                                                    | 17 |
|                           |                                                                                        |
| SIGNATURES                     |                                                                                        |

----

----

| Aspire Japan, Inc.                                                                                         |   |
|------------------------------------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                                              |   |
| CONDENSED BALANCE SHEETS                                                                                   |   |
|                                                                                                       |   |   |   |
|                                                                                                       |   |   |   |   |   |   |
|                                                                                                       |   | April 30, 2011 |   |   | Janaury 31, 2011 |   |
|                                                                                                       |   | (Unaudited) |   |   |   |   |
| ASSETS                                                                                                     |   |
|                                                                                                       |   |   |   |   |   |   |
| CURRENT ASSETS                                                                                             |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |
|   Cash                                                                                           |   | $ | 108 |   |   | $ | 97 |   |
|   Prepaid expense                                                                                |   |   | - |   |   |   | 1,656 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| TOTAL CURRENT ASSETS                                                                                       |   |   | 108 |   |   |   | 1,753 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| OTHER ASSETS                                                                                               |   |   |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
|   Deposits                                                                                       |   |   | 475 |   |   |   | 475 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                                                               |   | $ | 583 |   |   | $ | 2,228 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                      |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                                                        |   |   |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
|   Accounts payable and accrued expenses                                                          |   | $ | 28,384 |   |   | $ | 18,640 |   |
|   Accrued interest                                                                               |   |   | 183,631 |   |   |   | 166,735 |   |
|   Accrued interest - related party                                                               |   |   | 16,356 |   |   |   | 14,370 |   |
|   Judgement payable                                                                              |   |   | 1,153,345 |   |   |   | 1,133,031 |   |
|   Severance payable                                                                              |   |   | 236,730 |   |   |   | 236,730 |   |
|   Notes payable                                                                                  |   |   | 370,206 |   |   |   | 370,206 |   |
|   Loans payable -related party                                                                   |   |   | 79,503 |   |   |   | 71,736 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| TOTAL CURRENT LIABILITIES                                                                                  |   |   | 2,068,155 |   |   |   | 2,011,448 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                                                              |   |   |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' DEFICIT                                                                                      |   |   |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
|   Preferred Stock - Par value $.001;                                                             |   |   |   |   |   |   |   |   |
|       Authorized: 50,000,000                                                 |   |   |   |   |   |   |   |   |
|       Issued and Outstanding: none                                           |   |   | - |   |   |   | - |   |
|   Common Stock - Par value $0.001;                                                               |   |   |   |   |   |   |   |   |
|       Authorized: 100,000,000                                                |   |   |   |   |   |   |   |   |
|       Issued and Outstanding:7,854,150 and  7,854,150 respectively |   |   | 7,854 |   |   |   | 7,854 |   |
|   Additional Paid-In Capital                                                                     |   |   | 1,791,896 |   |   |   | 1,769,396 |   |
|   Other Comprehensive Income (Loss)                                                              |   |   | (5,078 | ) |   |   | (5,078 | ) |
|   Accumulated Deficit during development stage                                                   |   |   | (3,862,244 | ) |   |   | (3,781,392 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |
| Total Stockholders' Deficit                                                                                |   |   | (2,067,572 | ) |   |   | (2,009,220 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                |   | $ | 583 |   |   | $ | 2,228 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |   |   |

----

| Aspire Japan, Inc.                                        |   |
|-----------------------------------------------------------|--------|
| (A Development Stage Company)                             |   |
| CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS |   |
|                                                      |   |
|                                                      |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   | For the period |   |
|                                                      |   |   |   |   |   |   |   |   |   |
|                                                      |   | For the Three Months Ended April 30, |   |   | February 2, 2005(Inception) to |   |
|                                                      |   | 2011 |   |   | 2010 |   |   | April 30, 2011 |   |
|                                                      |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |
| Revenue                                                   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                                        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Professional Fees                                         |   |   | 14,891 |   |   |   | 11,521 |   |   |   | 421,483 |   |
| Marketing Expenses                                        |   |   | - |   |   |   | - |   |   |   | 156,562 |   |
| Consulting Fees                                           |   |   | - |   |   |   | - |   |   |   | 216,510 |   |
| Compensation Expense                                      |   |   | 22,500 |   |   |   | 22,500 |   |   |   | 573,531 |   |
| Severance Expense                                         |   |   | 20,314 |   |   |   | 20,315 |   |   |   | 1,420,075 |   |
| General and administrative                                |   |   | 3,588 |   |   |   | 3,457 |   |   |   | 906,930 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                  |   |   | 61,293 |   |   |   | 57,793 |   |   |   | 3,695,091 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss from Operations                                      |   |   | (61,293 | ) |   |   | (57,793 | ) |   |   | (3,695,091 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Income                                           |   |   | - |   |   |   | - |   |   |   | 2,631 |   |
| Foreign Currency Transaction Loss                         |   |   | (677 | ) |   |   | (117 | ) |   |   | (8,351 | ) |
| Gain on liquidated damages                                |   |   | - |   |   |   | - |   |   |   | 84,949 |   |
| Interest Expense                                          |   |   | (18,882 | ) |   |   | (17,616 | ) |   |   | (246,382 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Expense                                       |   |   | (19,559 | ) |   |   | (17,733 | ) |   |   | (167,153 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for Income Taxes                                |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                  |   |   | (80,852 | ) |   |   | (75,526 | ) |   |   | (3,862,244 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income / (Loss)                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                |   |   | - |   |   |   | - |   |   |   | 61 |   |
| Foreign Currency Translation Loss                         |   |   | - |   |   |   | - |   |   |   | (5,139 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive Loss                                        |   | $ | (80,852 | ) |   | $ | (75,526 | ) |   | $ | (3,867,322 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss Per Share  - basic and diluted         |   | $ | (0.01 | ) |   | $ | (0.01 | ) |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of shares outstanding             |   |   | 7,854,150 |   |   |   | 7,854,150 |   |   |   |   |   |
|   during the period - basic and diluted         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Aspire Japan, Inc.                                                         |   |
|----------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                              |   |
| CONDENSED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)                      |   |
| From inception (February 2, 2005) through April 30, 2011              |   |
| (UNAUDITED)                                                                |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   | Additional |   |   | Accumulated Deficit During |   |   | Other |   |   |  Total |   |
|                                                                       |   | Preferred Stock |   |   | Common Stock |   |   | Paid In |   |   |  Development |   |   | Comprehensive |   |   |  Equity / |   |
|                                                                       |   | Shares |   |   | Par |   |   | Shares |   |   | Par |   |   | Capital |   |   | Stage |   |   | Income (Loss) |   |   |  (Deficit) |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued in exchange                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of incorporation expenses                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| February 2, 2005                                                           |   |   | - |   |   | $ | - |   |   |   | 100,000 |   |   | $ | 100 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | 100 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the period                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| February 2, 2005 (inception)                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| to January 31, 2006                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,225 | ) |   |   | - |   |   |   | (2,225 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 31, 2006                                                  |   |   | - |   |   |   | - |   |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (2,225 | ) |   |   | - |   |   |   | (2,125 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| September 15, 2006 at $0.001                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                           |   |   | - |   |   |   | - |   |   |   | 6,700,000 |   |   |   | 6,700 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 6,700 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| November 6, 2006 at $1.00                                                  |   |   | - |   |   |   | - |   |   |   | 275,000 |   |   |   | 275 |   |   |   | 274,725 |   |   |   | - |   |   |   | - |   |   |   | 275,000 |   |
| per share from private placement                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 7,000 |   |   |   | - |   |   |   | - |   |   |   | 7,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                                   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (37,393 | ) |   |   | - |   |   |   | (37,393 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 31, 2007                                                  |   |   | - |   |   |   | - |   |   |   | 7,075,000 |   |   |   | 7,075 |   |   |   | 281,725 |   |   |   | (39,618 | ) |   |   | - |   |   |   | 249,182 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 16, 2007 at $1.00                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                           |   |   | - |   |   |   |   |   |   |   | 20,000 |   |   |   | 20 |   |   |   | 19,980 |   |   |   | - |   |   |   | - |   |   |   | 20,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 18, 2007 at $1.00                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                           |   |   | - |   |   |   |   |   |   |   | 10,000 |   |   |   | 10 |   |   |   | 9,990 |   |   |   | - |   |   |   | - |   |   |   | 10,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 19, 2007 at $1.00                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                           |   |   | - |   |   |   |   |   |   |   | 15,000 |   |   |   | 15 |   |   |   | 14,985 |   |   |   | - |   |   |   | - |   |   |   | 15,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 20, 2007 at $1.00                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                           |   |   | - |   |   |   |   |   |   |   | 30,000 |   |   |   | 30 |   |   |   | 29,970 |   |   |   | - |   |   |   | - |   |   |   | 30,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 25, 2007 at $1.00                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                           |   |   | - |   |   |   |   |   |   |   | 260,000 |   |   |   | 260 |   |   |   | 259,740 |   |   |   | - |   |   |   | - |   |   |   | 260,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 26, 2007 at $1.00                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                           |   |   | - |   |   |   |   |   |   |   | 100,000 |   |   |   | 100 |   |   |   | 99,900 |   |   |   | - |   |   |   | - |   |   |   | 100,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for services in                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 2007 at $1.00                                                        |   |   | - |   |   |   |   |   |   |   | 100,000 |   |   |   | 100 |   |   |   | 99,900 |   |   |   |   |   |   |   | - |   |   |   | 100,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued in exchange                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| for legal expenses                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| June 30, 2007 at $1.00                                                     |   |   | - |   |   |   |   |   |   |   | 50,000 |   |   |   | 50 |   |   |   | 49,950 |   |   |   | - |   |   |   | - |   |   |   | 50,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                                       |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | 51,000 |   |   |   | - |   |   |   | - |   |   |   | 51,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the year                                                      |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,108,895 | ) |   |   | - |   |   |   | (2,108,895 | ) |
| ended January 31, 2008                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income / (loss)                                        |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (5,139 | ) |   |   | (5,139 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,114,034 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 31, 2008                                                  |   |   | - |   |   |   | - |   |   |   | 7,660,000 |   |   |   | 7,660 |   |   |   | 917,140 |   |   |   | (2,148,513 | ) |   |   | (5,139 | ) |   |   | (1,228,852 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 90,000 |   |   |   | - |   |   |   | - |   |   |   | 90,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Converison on notes payable                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  and accrued interest to                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  common stock at $3.00 per share                                      |   |   | - |   |   |   | - |   |   |   | 194,150 |   |   |   | 194 |   |   |   | 582,256 |   |   |   | - |   |   |   | - |   |   |   | 582,450 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the year                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ended January 31, 2009                                                     |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   | - |   |   |   | (1,282,167 | ) |   |   |   |   |   |   | (1,282,167 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 61 |   |   |   | 61 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,282,106 | ) |
| Balance January 31, 2009                                                   |   |   | - |   |   |   | - |   |   |   | 7,854,150 |   |   |   | 7,854 |   |   |   | 1,589,396 |   |   |   | (3,430,680 | ) |   |   | (5,078 | ) |   |   | (1,838,508 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 90,000 |   |   |   | - |   |   |   | - |   |   |   | 90,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the year ended                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| January 31, 2010                                                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   | - |   |   |   | (54,799 | ) |   |   |   |   |   |   | (54,799 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (54,799 | ) |
| Balance January 31, 2010                                                   |   |   | - |   |   |   | - |   |   |   | 7,854,150 |   |   |   | 7,854 |   |   |   | 1,679,396 |   |   |   | (3,485,479 | ) |   |   | (5,078 | ) |   |   | (1,803,307 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 90,000 |   |   |   | - |   |   |   | - |   |   |   | 90,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the year ended                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| January 31, 2010                                                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   | - |   |   |   | (295,913 | ) |   |   |   |   |   |   | (295,913 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (295,913 | ) |
| Balance January 31, 2011                                                   |   |   | - |   |   |   | - |   |   |   | 7,854,150 |   |   |   | 7,854 |   |   |   | 1,769,396 |   |   |   | (3,781,392 | ) |   |   | (5,078 | ) |   |   | (2,009,220 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                                       |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | 22,500 |   |   |   | - |   |   |   | - |   |   |   | 22,500 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the period ended                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 30, 2011                                                             |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (80,852 | ) |   |   | - |   |   |   | (80,852 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance April 30, 2011                                                     |   |   | - |   |   | $ | - |   |   |   | 7,854,150 |   |   | $ | 7,854 |   |   | $ | 1,791,896 |   |   | $ | (3,862,244 | ) |   | $ | (5,078 | ) |   | $ | (2,067,572 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |   |   |   |   |   |

----

| Aspire Japan, Inc.                                                                                    |   |
|-------------------------------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                                         |   |
| CONDENSED STATEMENTS OF CASH FLOWS                                                                    |   |
| (UNAUDITED)                                                                                           |   |
|                                                                                                  |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   | For the period |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   | For The Three Months Ended April 30, |   |   | February 2, 2005(inception) to |   |
|                                                                                                  |   | 2011 |   |   | 2010 |   |   | April 30, 2011 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
| Cash Flows From Operating Activities:                                                                 |   |   |   |   |   |   |   |   |   |
| Net Loss                                                                                              |   | $ | (80,852 | ) |   | $ | (75,526 | ) |   | $ | (3,862,244 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|   Adjustments to reconcile net loss to net cash used in operations                          |   |   |   |   |   |   |   |   |   |   |   |   |
|     In-kind contribution                                                          |   |   | 22,500 |   |   |   | 22,500 |   |   |   | 350,500 |   |
|     Stock issued for incorporation expense                                        |   |   | - |   |   |   | - |   |   |   | 100 |   |
|     Stock issued for services                                                     |   |   | - |   |   |   | - |   |   |   | 150,000 |   |
|      Impairment of property and equipment                                    |   |   | - |   |   |   | - |   |   |   | 2,388 |   |
|     Depreciation                                                                  |   |   | - |   |   |   | - |   |   |   | 2,429 |   |
|   Changes in operating assets and liabilities:                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|    Increase in Deposits                                                                |   |   | - |   |   |   | - |   |   |   | (475 | ) |
|    (Increase) /decrease in Prepaid Expenses                                            |   |   | 1,656 |   |   |   | 348 |   |   |   | - |   |
|    Increase/ (Decrease) in  Accounts Payable and  Accrued Expenses |   |   | 9,744 |   |   |   | 7,280 |   |   |   | 28,384 |   |
|    Increase in  Accrued Interest                                             |   |   | 16,896 |   |   |   | 16,893 |   |   |   | 223,508 |   |
|    Increase in accrued interest - related party                                        |   |   | 1,986 |   |   |   | 723 |   |   |   | 16,356 |   |
|    Increase in  Accrued judgement                                            |   |   | 20,314 |   |   |   | 20,315 |   |   |   | 1,153,345 |   |
|    Increase in accrued severance                                                       |   |   | - |   |   |   | - |   |   |   | 236,730 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash (Used In) Operating Activities                                                               |   |   | (7,756 | ) |   |   | (7,467 | ) |   |   | (1,698,979 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Flows From Investing Activities:                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|    Cash paid for Property, Plant, &  Equipment                           |   |   | - |   |   |   | - |   |   |   | (4,817 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used In Investing Activities                                                                 |   |   | - |   |   |   | - |   |   |   | (4,817 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Flows From Financing Activities:                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from Note Payable                                                                            |   |   | - |   |   |   | - |   |   |   | 943,175 |   |
| Repayment of Note Payable                                                                             |   |   | - |   |   |   | - |   |   |   | (30,396 | ) |
| Repayment of Note Payable - related party                                                             |   |   | (59,462 | ) |   |   | (8,500 | ) |   |   | (759,622 | ) |
| Proceeds from Note Payable - related party                                                            |   |   | 67,229 |   |   |   | 17,590 |   |   |   | 839,125 |   |
| Proceeds from Common Stock issuance                                                                   |   |   | - |   |   |   | - |   |   |   | 716,700 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Provided by Financing Activities                                                             |   |   | 7,767 |   |   |   | 9,090 |   |   |   | 1,708,982 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Increase / (Decrease) in Cash                                                                     |   |   | 11 |   |   |   | 1,623 |   |   |   | 5,186 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Effect of Exchange Rate on Cash                                                                       |   |   | - |   |   |   | - |   |   |   | (5,078 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash at Beginning of Period                                                                           |   |   | 97 |   |   |   | 388 |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash at End of Period                                                                                 |   | $ | 108 |   |   | $ | 2,011 |   |   | $ | 108 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash paid for interest                                                                                |   | $ | - |   |   | $ | 5,435 |   |   | $ | 5,951 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash paid for taxes                                                                                   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |

| In March 2008 the Company converted a total of $542,573 of notes payable and accrued interest of $39,877 into 194,150 shares of common stock. |
|-----------------------------------------------------------------------------------------------------------------------------------------------|
| ($3.00 per share)                                                                                                                             |
|                                                                                                                                          |
| The accompanying notes are an integral part of these financial statements.                                                                    |

----

----

----

| 1.   | August 29, 2008, 50 Million Japanese Yen (Approximately $454,545)    |
|----------------|----------------------------------------------------------------------|
|           |                                                                 |
| 2.   | September 12, 2008, 50 Million Japanese Yen (Approximately $454,545) |

| 3.   | September 30, 2008, 200 Million Japanese Yen (Approximately $1,818,182) |
|----------------|-------------------------------------------------------------------------|
|           |                                                                    |
| 4.   | January 31, 2009, 300 Million Japanese Yen (Approximately $2,727,273)   |

----

| 1.   | August 29, 2008, 200 Million Japanese Yen (Approximately $1,818,182)    |
|----------------|-------------------------------------------------------------------------|
|           |                                                                    |
| 2.   | September 30, 2008, 400 Million Japanese Yen (Approximately $3,636,354) |

| 3.   | January 31, 2009, 1 Billion Japanese Yen (Approximately $9,090,909) |
|----------------|---------------------------------------------------------------------|

----

----

----

----

| Marketing Materials |   | $      | 50,000  |   |
|--------------------------|--------|--------|---------|--------|
| Legal/Accounting         |   | $      | 75,000  |   |
| General/Administrative   |   | $      | 100,000 |   |
| Total               |   | $      | 225,000 |   |
|                     |   |   |    |   |

----

----

----

| 1.   | August 29, 2008, 50 Million Japanese Yen (Approximately $454,545)       |
|----------------|-------------------------------------------------------------------------|
|           |                                                                    |
| 2.   | September 12, 2008, 50 Million Japanese Yen (Approximately $454,545)    |
|           |                                                                    |
| 3.   | September 30, 2008, 200 Million Japanese Yen (Approximately $1,818,182) |
|           |                                                                    |
| 4.   | January 31, 2010, 300 Million Japanese Yen (Approximately $2,727,273)   |

| 1.   | August 29, 2008, 200 Million Japanese Yen (Approximately $1,818,182)    |
|----------------|-------------------------------------------------------------------------|
|           |                                                                    |
| 2.   | September 30, 2008, 400 Million Japanese Yen (Approximately $3,636,354) |
|           |                                                                    |
| 3.   | January 31, 2010, 1 Billion Japanese Yen (Approximately $9,090,909)     |

----

| Item 3. | Quantitative and Qualitative Disclosures About Market Risk. |
|---------|-------------------------------------------------------------|

| Item 4. | Controls and Procedures. |
|---------|--------------------------|

----

| Item 1. | Legal Proceedings. |
|---------|--------------------|

| Item 1A.     Risk Factors. |
|------------------------------------------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds. |
|---------|--------------------------------------------------------------|

| Item 3. | Defaults Upon Senior Securities. |
|---------|----------------------------------|

| Item 4. | (Removed and Reserved). |
|---------|-------------------------|

| Item 5. | Other Information. |
|---------|--------------------|

| Item 6. | Exhibits |
|---------|----------|

| Exhibit Number |   | Description                                                                                                            |
|----------------|--------|------------------------------------------------------------------------------------------------------------------------|
| 31.1           |   | Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                               |
| 32.1           |   | Certification pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

----

|                 | ASPIRE JAPAN, INC. |
|----------------------|--------------------|
|                 |               |
| Dated: June 19, 2011 | By:                | /s/Kenji Osako |
|                 |               | Kenji Osako |
|                 |               | President, Chief Executive Officer,Chief Financial Officer andPrincipal Accounting Officer |

----