Tokyo Lifestyle Co., Ltd.

Listed Company

TKLFCIK 0001836242NasdaqNon-AcceleratedEmerging GrowthRetail-Retail Stores, NecM0JPFY ends Mar 31

Period

FY 2025

Revenue

$210.12M

Net Income

$6.64M

Total Assets

$157.83M

Equity

$43.01M

Shares Out

42.33M

Op. Cash Flow

$-598.7K

TKLF$2.21−43.91% · past yearDBEQ Basic

Daily closing prices

Business

Tokyo Lifestyle Co., Ltd. is a retailer and wholesaler of Japanese beauty, health, and sundry products operating directly-owned physical stores, online platforms, and franchise stores across Japan, Hong Kong, the United States, Canada, Australia, and other markets. The company offers approximately 198,400 SKUs across beauty products, health products, sundry goods, electronic products, luxury items, collectible cards, and other merchandise sourced from over 270 suppliers. Distribution occurs through 18 directly-operated physical stores, online stores on third-party marketplaces, 11 franchise stores, and approximately 270 wholesale customers, supported by two distribution centers in Tokyo and Hong Kong.

Summary from 20-F filed 2026-07-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
REVENUE	—	—	—
Total revenue	373	210	196
COSTS AND OPERATING EXPENSES	—	—	—
Merchandise costs	345	186	172
Selling, general and administrative expenses	25	19	18
Total costs and operating expenses	370	205	190
INCOME FROM OPERATIONS	3	5	6
OTHER INCOME (EXPENSE)	—	—	—
Interest expense, net	2	2	2
Additional and delinquent tax due to consumption tax correction	2	−4	628,876
Gain from disposal of equity method investment	—	—	190,571
Gain from disposal of a subsidiary	51,639	—	341,139
Cash surrender value loss	71,448	—	—
Other income, net	3	364,294	760,435
Gain (loss) from foreign currency exchange	364,116	−440,055	3
Change in fair value of warrants liabilities	−1	2	−109,173
Loss from equity method investments	—	−20,049	−69,444
Total other income, net	532,183	36,068	2
INCOME BEFORE INCOME TAX PROVISION (BENEFIT)	4	5	8
PROVISION (BENEFIT) FOR INCOME TAXES	3	−2	456,774
NET INCOME	651,296	7	7
Less: net loss attributable to non-controlling interest	−65,434	—	—
NET INCOME ATTRIBUTABLE TO TOKYO LIFESTYLE CO., LTD.	716,730	7	7
OTHER COMPREHENSIVE INCOME	—	—	—
Net income	651,296	7	7
Foreign currency translation gain (loss)	2	−284,522	4
Total comprehensive income (loss)	−1	7	4
Less: comprehensive loss attributable to non-controlling interest	60,053	—	—
TOTAL COMPREHENSIVE INCOME (LOSS)	−2	7	4
Earnings per ordinary share	—	—	—
- basic (in Dollars per share)	0.02	0.16	0.2
- diluted (in Dollars per share)	0.02	0.16	0.2
Weighted average shares	—	—	—
- basic (in Shares)	42	42	37
- diluted (in Shares)	42	42	37

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
ASSETS	—	—
CURRENT ASSETS:	—	—
Cash	2	5
Accounts receivable, net	187	107
Accounts receivable - related parties, net	4,866	117
Merchandise inventories, net	14	4
Due from related parties	1	1,208
Compensation receivable for consumption tax, current, net	9	7
Prepaid expenses and other current assets, net	6	14
TOTAL CURRENT ASSETS	219	137
Property and equipment, net	4	11
Operating lease right-of-use assets	8	6
Life insurance policy, cash surrender value	527,873	—
Compensation receivable for consumption tax, non-current, net	—	2
Long-term prepaid expenses and other non-current assets, net	1	2
TOTAL ASSETS	234	158
LIABILITIES AND SHAREHOLDERS’ EQUITY	—	—
CURRENT LIABILITIES:	—	—
Short-term borrowings	50	58
Current portion of long-term borrowings	2	706,531
Accounts payable	106	25
Accounts payable - related parties	154	3
Due to related parties	426,156	27,678
Deferred revenue	2	8
Taxes payable	1	349,671
Operating lease liabilities, current	2	2
Finance lease liabilities, current	86,270	138,180
Warrants liabilities	1	3
Other payables and other current liabilities	3	2
TOTAL CURRENT LIABILITIES	168	101
Due to related parties, non-current	3	—
Operating lease liabilities, non-current	6	4
Finance lease liabilities, non-current	73,053	119,068
Long-term borrowings	12	7
Other non-current liabilities	1	1
Deferred tax liabilities, net	3	1
TOTAL LIABILITIES	192	115
COMMITMENTS AND CONTINGENCIES	—	—
SHAREHOLDERS’ EQUITY	—	—
Ordinary shares, no par value,100,000,000 shares authorized; 42,327,806 shares and 42,220,206 shares issued and outstanding as of March 31, 2026 and 2025, respectively	81,150	81,150
Capital reserve	27	27
Retained earnings	28	28
Accumulated other comprehensive loss	−14	−12
TOTAL SHAREHOLDERS’ EQUITY	41	43
Non-controlling interest	99,831	—
TOTAL EQUITY	41	43
TOTAL LIABILITIES AND EQUITY	234	158

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Cash flows from operating activities:	—	—	—
Net Income	651,296	7	7
Adjustments to reconcile net income to net cash provided by (used in) operating activities:	—	—	—
Depreciation and amortization	1	952,126	1
Gain from disposal of property and equipment	2	178,152	712,685
Impairment of property and equipment	—	143,621	—
Gain from unrealized foreign currency translation	89,191	13,986	412,728
Provision for (reversal of) credit losses	915,388	−220,368	−2
Addition (reversal) of merchandise inventories written down	−92,100	61,935	−68,361
Amortization of operating lease right-of-use assets	3	2	2
Deferred tax provision (benefit)	2	−955,082	−2
Change in fair value of warrants liabilities	−1	2	−109,173
Investment loss from equity method investment	—	−20,049	−69,444
Gain from disposal of equity method investment	—	—	190,571
Loss on cash surrender value	71,448	—	—
Accrued interest expense	−62,912	−100,416	—
Changes in operating assets and liabilities:	—	—	—
Accounts receivable	87	1	25
Accounts receivable - related parties	4,773	−25,698	−277,005
Merchandise inventories	11	13,596	−2
Compensation receivable for consumption tax	—	−696,224	−11
Prepaid expenses and other current assets	339,634	11	−949,043
Long term prepaid expenses and other non-current assets	−465,056	−501,659	−315,809
Accounts payable	86	567,502	14
Accounts payable - related parties	−3	2	299,591
Deferred revenue	1	8	35,027
Taxes payable	818,845	−9	−7
Other payables and other current liabilities	1	−281,729	1
Operating lease liabilities	−3	−2	−2
Other non-current liabilities	5,261	−291,185	−239,250
Net used in provided by (used in) operating activities	−10	−598,739	2
Cash flows from investing activities:	—	—	—
Purchase of property and equipment	313,995	992,068	929,308
Proceeds from disposal of property and equipment	7	39,367	3
Investment in an equity method investment	—	20,049	—
Investment in life insurance policy	601,771	—	—
Proceeds from disposal of equity method investment	—	—	276,800
Proceeds from disposal of a subsidiary	—	—	34,600
Disposal of a subsidiary, net of cash	—	—	171,788
Repayments of loans to related parties	23,788	8,557	399,223
Net cash provided by (used in) investing activities	6	−964,193	3
Cash flows from financing activities:	—	—	—
Capital contribution from non-controlling shareholders	159,884	—	—
Payment of dividend distribution	530,957	—	—
Proceeds from issuance of ordinary shares for warrants redemption	—	29,482	—
Proceeds from issuance of ordinary shares, net of issuance costs	—	—	4
Proceeds from short-term borrowings	19	6	1
Repayments of short-term borrowings	24	1	2
Proceeds from long-term borrowings	14	—	—
Repayments of long-term borrowings	8	204,024	4
Proceeds from (repayments of) related parties borrowings	3	−15,346	−228,966
Repayment of obligations under finance leases	166,428	177,320	420,910
Net cash provided by (used in) financing activities	4	4	−2
Effect of exchange rate fluctuation on cash	−3	−60,585	−2
Net increase (decrease) in cash	−3	2	709,097
Cash at beginning of year	5	2	2
Cash at end of year	2	5	2
Supplemental cash flow information	—	—	—
Cash paid for income taxes	872,707	4	880,308
Cash paid for interest	2	1	798,353
Supplemental non-cash operating activities	—	—	—
Purchase of property and equipment financed under finance leases	77,295	—	—
Right of use assets obtained in exchange for operating lease liabilities	5	—	3
Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement	233,202	—	—

Filings

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Frequently asked questions

What is Tokyo Lifestyle Co., Ltd.'s CIK number?

Tokyo Lifestyle Co., Ltd.'s SEC CIK number is 0001836242 (1836242). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Tokyo Lifestyle Co., Ltd.'s SEC filings?

All of Tokyo Lifestyle Co., Ltd.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

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