Tokyo Lifestyle Co., Ltd. Announces Representative Director’s Share Purchase

Rhea-AI Summary

Tokyo Lifestyle (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty, health, sundry, luxury, and electronic products, announced that its Representative Director, Mr. Mei Kanayama, has purchased 110,784 American Depositary Shares (representing 1,107,840 ordinary shares) from the open market on January 28, 2025.

The company, which operates in Hong Kong, Japan, North America, and the United Kingdom, received a statement from Kanayama expressing his confidence in the company's long-term vision and strategy, emphasizing their focus on global expansion, product diversification, and commitment to delivering shareholder value.

Positive

• Significant insider buying: Representative Director purchased 110,784 ADSs, signaling management confidence
• Management's commitment to global expansion and product diversification strategy

Negative

• None.

Tokyo, Japan, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Tokyo Lifestyle Co., Ltd. (“Tokyo Lifestyle” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, as well as other products in Hong Kong, Japan, North America and the United Kingdom, today announced that Mr. Mei Kanayama, the Representative Director of the Company, has purchased from the open market 110,784 American Depositary Shares of the Company, representing 1,107,840 ordinary shares of the Company, as of January 28, 2025.

Mr. Mei Kanayama, Representative Director of Tokyo Lifestyle, commented, “This investment reflects my unwavering confidence in the long-term vision and strategy of Tokyo Lifestyle. As we continue to expand our global footprint and diversify our product offerings, my focus remains on driving sustainable growth and delivering maximum value for our shareholders.”

About Tokyo Lifestyle Co., Ltd.

Headquartered in Tokyo, Japan, Tokyo Lifestyle Co., Ltd. (formerly known as Yoshitsu Co., Ltd) is a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, and other products in Hong Kong, Japan, North America, and the United Kingdom. The Company offers various beauty products (including cosmetics, skincare, fragrance, and body care products), health products (including over-the-counter drugs, nutritional supplements, and medical supplies and devices), sundry products (including home goods), and other products (including food and alcoholic beverages). The Company currently sells its products through directly-operated physical stores, through online stores, and to franchise stores and wholesale customers. For more information, please visit the Company's website at https://www.ystbek.co.jp/irlibrary/.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Tokyo Lifestyle Co., Ltd.
Investor Relations Department
Email: ir@ystbek.co.jp

Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

FAQ

How many shares did TKLF's Representative Director purchase on January 28, 2025?

Mr. Mei Kanayama purchased 110,784 American Depositary Shares, representing 1,107,840 ordinary shares of Tokyo Lifestyle (TKLF) from the open market.

What markets does Tokyo Lifestyle (TKLF) currently operate in?

Tokyo Lifestyle operates in Hong Kong, Japan, North America, and the United Kingdom.

What products does Tokyo Lifestyle (TKLF) sell?

Tokyo Lifestyle sells Japanese beauty and health products, sundry products, luxury products, and electronic products.

What is the significance of the TKLF Director's share purchase in 2025?

The share purchase demonstrates the Representative Director's confidence in the company's long-term vision, strategy, and commitment to global expansion and shareholder value.