Tokyo Lifestyle Co., Ltd. American Depositary Shares - TKLF STOCK NEWS

Yoshitsu Co., (Nasdaq: TKLF), a retailer and wholesaler of Japanese products, has announced a significant expansion into Southeast Asia. Through its Hong Kong subsidiary, Tokyo Lifestyle , the company has entered into agreements with Grun Group Thailand Co. to develop a franchise network under the 'Tokyo Lifestyle' brand. The expansion plan includes:

- Establishing 18 franchise stores in Thailand by 2026
- Opening 15 franchise stores in Malaysia by 2026
- Targeting downtown areas and fast-growing middle-class consumer groups

This strategic move aims to capture the potential of the Southeast Asian market, build brand awareness, and drive long-term growth for Yoshitsu.

Yoshitsu Co., (Nasdaq: TKLF), a retailer and wholesaler of Japanese products, announced that its Hong Kong subsidiary, Tokyo Lifestyle (TLS), has secured a US$2.75 million strategic loan from Best Life Technology , a subsidiary of Tasly, a Chinese pharmaceutical conglomerate. The loan agreement, signed on July 10, 2024, has a one-year term from July 15, 2024, to July 14, 2025.

This funding follows a strategic cooperation agreement between Yoshitsu and Tasly in October 2023, focusing on global health product research, development, and sales. Yoshitsu's Principal Executive Officer, Mei Kanayama, expressed confidence that this loan will support the company's growth initiatives and market expansion efforts.

Yoshitsu Co., (Nasdaq: TKLF) reported strong financial results for fiscal year 2024. Total revenue increased by 15.3% to $195.7 million, driven by directly-operated physical stores and franchise network expansion. Net income reached $7.5 million, a significant turnaround from an $8.0 million loss in the previous year. The company successfully reduced operating expenses by 38.5% and interest expenses by 33.5%.

Key highlights include:

• Income from operations increased by 601.3% to $5.8 million
• Net cash provided by operating activities improved to $1.9 million
• Basic and diluted earnings per share was $0.20
• Gross margin decreased to 11.9% from 17.3% in the previous year

Yoshitsu expanded its product offerings, including luxury and electronic products, and entered new markets in North America. The company remains focused on cost management, strategic investments, and exploring new revenue streams to drive long-term shareholder value.

Yoshitsu Co. (Nasdaq: TKLF) will release its fiscal year 2024 financial results on July 16, 2024, before the U.S. market opens. The company, a retailer and wholesaler of Japanese beauty, health, sundry, luxury, and electronic products, operates in Hong Kong, Japan, North America, and the UK. An earnings call discussing the results will be held at 8:30 am U.S. Eastern Time (9:30 pm Japan Standard Time) on the same day. Dial-in details for the call are provided, with a replay available until July 23, 2024, and a live and archived webcast accessible on Yoshitsu's investor relations website.

Yoshitsu Co., , a Japanese retailer and wholesaler of various products, will participate in the EF Hutton Annual Global Conference in New York City on May 15, 2024. The company aims to engage with investors and share its story at the event.

Yoshitsu Co., Ltd (Nasdaq: TKLF) announced a new store lease in Fashion Show Las Vegas, expanding its U.S. market presence. The lease covers a 2,328 square feet premise for a REIWATAKIYA store offering Japanese beauty and health products. The store is set to open on October 1, 2024, aiming to enhance brand awareness and broaden business scope in the U.S.

Yoshitsu Co., Ltd (Nasdaq: TKLF) announces plans for 2024, highlighting strategic expansion, brand recognition, and financial performance in 2023. The company aims to amplify brand presence in the US, Canada, and the UK, focusing on luxury products and global expansion.

Yoshitsu Co., Ltd, a retailer and wholesaler of Japanese beauty and health products, has announced the successful completion of a follow-on equity offering, making it the first Nasdaq listed Japanese company to do so. The company believes that the joining of institutional shareholders, including Hudson Bay Capital Management LP, demonstrates its strengthened capital forces for global market expansion. Hudson Bay, managing approximately $9.7 billion assets, has shown remarkable growth in Assets Under Management (AUM) since December 2021. The company's Principal Executive Officer, Mr. Mei Kanayama, expressed gratitude for the trust and support of investors, particularly highlighting the recognition from Hudson Bay and other institutional investors as a driving force for the company's long-term business growth.

Yoshitsu Co., Ltd (TKLF) closed a registered direct offering of 5,970,152 American Depositary Shares (ADSs) with certain institutional investors, at a purchase price of $0.67 per ADS. The Company also issued ADS purchase warrants to the same investors, with an exercise price of $0.67 per ADS. The gross proceeds were approximately $4,000,000 before deducting the placement agent fees and other offering expenses. The offering was made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-274076) previously filed with the SEC.