Tokyo Lifestyle Co., Ltd. Reports Fiscal Year 2026 Financial Results
Rhea-AI Summary
Tokyo Lifestyle (Nasdaq: TKLF) reported fiscal year 2026 revenue of $373.2 million, up 77.6% from $210.1 million, driven mainly by an 86.9% increase in franchise and wholesale revenue to $346.7 million and a 15.7% rise in directly-operated store revenue to $19.8 million, partially offset by a 10.7% decline in online revenue.
Gross profit grew 17.5% to $28.1 million, while gross margin fell to 7.5% from 11.4% due to a higher mix of lower-margin franchise/wholesale. Operating expenses rose 29.6% to $24.9 million, improving to 6.7% of revenue from 9.1%. Income from operations was $3.2 million (vs. $4.7 million), and net income declined to $0.7 million from $6.6 million; Tokyo Lifestyle attributed this mainly to tax-related factors. Overseas sales accounted for 47.1% of revenue, and total assets increased by 48%.
Positive
- Total revenue up 77.6% to $373.2 million
- Franchise and wholesale revenue up 86.9% to $346.7 million
- Directly-operated stores revenue up 15.7% to $19.8 million
- Gross profit up 17.5% to $28.1 million
- Operating expenses ratio improved from 9.1% to 6.7% of revenue
- Overseas revenue share increased to 47.1% of total revenue
Negative
- Gross margin declined from 11.4% to 7.5%
- Income from operations fell from $4.7 million to $3.2 million
- Net income declined from $6.6 million to $0.7 million
- Online revenue decreased 10.7% to $6.7 million
- Cost of revenue rose 85.3% to $345.1 million
- Provision for credit losses shifted to $0.9 million from a $0.2 million recovery
Market reaction after fiscal 2026 earnings report: TKLF +7.55% in the Jul 10 session
In the Jul 10 session, TKLF gained 7.55%, reflecting a notable positive market reaction. Argus tracked a peak move of +11.3% during that session. Argus tracked a trough of -22.5% from its starting point during tracking. Our momentum scanner triggered 80 alerts that day, indicating high trading interest and price volatility. Trading volume was exceptionally heavy at 113.3x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Dec 19 | H1 FY26 earnings | Neutral | -6.5% | Strong revenue growth but net loss and large receivables weighed on sentiment. |
| Jul 10 | FY25 earnings | Positive | +4.6% | Revenue and net income growth with stronger cash position supported a positive reaction. |
| Dec 18 | H1 FY25 earnings | Neutral | -6.7% | Solid top-line and operating income, but lower net income tempered enthusiasm. |
| Jul 16 | FY24 earnings | Positive | +103.4% | Turnaround to profit with strong revenue growth and lower expenses drove a surge. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings releases have historically driven sizeable, directionally aligned moves, with sharp reactions to both strong growth and mixed quality metrics.
Key Terms
gross margin financial
operating leverage financial
provision for credit losses financial
weighted average interest rate financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Mr. Mei Kanayama, Principal Executive Officer of Tokyo Lifestyle, commented: "Fiscal year 2026 was a year of strong execution across our business, resulting in robust revenue growth driven by continued expansion of our directly-operated stores, franchise network, and wholesale operations, all of which achieved double-digit growth. We believe that these results demonstrate the effectiveness of our strategy to diversify our product portfolio, broaden our customer base, and accelerate our global market expansion. Tokyo Lifestyle is evolving beyond a traditional retailer into a diversified consumer lifestyle platform with complementary retail, franchise, wholesale, and luxury goods businesses, pursuing multiple drivers for sustainable long-term growth.
"As part of this transformation, we continued to advance our asset-light growth strategy by accelerating the expansion of our franchise and wholesale businesses, particularly in the high-end merchandise segment. While these businesses generally carry lower gross margins than our directly-operated retail operations, they require significantly less capital investment and operating expenses, enabling faster, more efficient scaling. Accordingly, the changes in our revenue mix should be viewed as a deliberate optimization of our business model designed to enhance long-term returns, rather than a reflection of weaker operating performance.
"A key highlight was the outstanding performance of our luxury goods business, which quickly emerged as a meaningful growth driver. At the same time, continued expansion of our wholesale customer base and broader distribution network strengthened market reach, diversified our revenue streams, and enhanced the resilience of our business.
"Our total assets increased by
"We also continued strengthening our international platform by expanding our international presence. During the year, we opened new stores in
"In addition, we continued optimizing our omnichannel retail network by converting selected underperforming directly-operated stores into franchise locations operated by experienced local partners.
"Looking ahead, we remain focused on executing our long-term growth strategy through continued customer acquisition, broader global brand recognition, an increasingly diversified product portfolio, and deeper customer engagement."
Mr. Youichiro Haga, Principal Accounting and Financial Officer of Tokyo Lifestyle, remarked: "We are pleased to report a
"Specifically, during the fiscal year, revenue from our directly-operated physical stores increased by
"Accounts receivable increased by
"Beyond revenue growth, we delivered meaningful improvements in profitability. Gross profit from directly-operated physical stores and online business each increased by over
"Our international expansion also continued to gain momentum, with overseas sales accounting for
"Overall, fiscal year 2026 results demonstrate the resilience, scalability, and financial quality of our business model. While reported net income and earnings per share declined year over year, this was primarily attributable to tax-related factors rather than changes in our underlying operating performance. Excluding these items, our core business continued to deliver solid operating performance, supported by strong revenue growth, healthy customer demand, and disciplined execution.
"As macroeconomic conditions continue to improve with recovering consumer demand across our key markets, we remain confident in our ability to generate sustainable, profitable growth through disciplined capital allocation, prudent financial management, and continued operational excellence."
Fiscal Year 2026 Financial Summary
- Total revenue was
$373.2 million for fiscal year 2026, which increased by77.6% from$210.1 million for the fiscal year ended March 31, 2025 ("fiscal year 2025"). - Gross profit was
$28.1 million for fiscal year 2026, which increased by17.5% from$23.9 million for fiscal year 2025. - Income from operations was
$3.2 million $4.7 million - Net income decreased to
$0.7 million $6.6 million - Net cash provided by investing activities increased to
$6.1 million $1.0 million - Basic earnings per share was
$0.02 $0.02
Fiscal Year 2026 Financial Results
Revenue
Revenue increased by
For the Fiscal Years Ended March 31, | Variance | |||||||||||||||||||||||
(in millions) | 2026 | % | 2025 | % | Amount | % | ||||||||||||||||||
Directly-operated | $ | 19.8 | 5.3 | % | $ | 17.1 | 8.1 | % | $ | 2.7 | 15.7 | % | ||||||||||||
Online stores and | 6.7 | 1.8 | % | 7.5 | 3.6 | % | (0.8) | (10.7) | % | |||||||||||||||
Franchise stores and | 346.7 | 92.9 | % | 185.5 | 88.3 | % | 161.2 | 86.9 | % | |||||||||||||||
Total Revenue | $ | 373.2 | 100.0 | % | $ | 210.1 | 100.0 | % | $ | 163.1 | 77.6 | % | ||||||||||||
Revenue denominated in Japanese Yen increased by
For the Fiscal Years Ended March 31, | Variance | |||||||||||||||||||||||
(in millions) | 2026 | % | 2025 | % | Amount | % | ||||||||||||||||||
Directly-operated | ¥ | 2,965.5 | 5.3 | % | ¥ | 2,597.6 | 8.1 | % | ¥ | 367.9 | 14.2 | % | ||||||||||||
Online stores and | 999.3 | 1.8 | % | 1,139.6 | 3.6 | % | (140.3) | (12.3) | % | |||||||||||||||
Franchise stores and | 52,170.1 | 92.9 | % | 28,215.6 | 88.3 | % | 23,954.5 | 84.9 | % | |||||||||||||||
Total Revenue | ¥ | 56,134.8 | 100.0 | % | ¥ | 31,952.8 | 100.0 | % | ¥ | 24,182.0 | 75.7 | % | ||||||||||||
Note: Amounts may not sum due to rounding.
Revenue from directly-operated physical stores increased by
Revenue from online stores and services decreased by
Revenue from franchise stores and wholesale customers increased by
Cost of Revenue
Total cost of revenue increased by
Gross Profit and Gross Margin
Gross profit increased by
Gross margin decreased by 3.9 percentage points to
Operating Expenses
Operating expenses consist of selling and marketing expenses and general and administrative expenses, which primarily include payroll, employee benefit expenses and bonus expenses, shipping expenses, promotion and advertising expenses, and other facility-related costs, such as store rent, utilities, and depreciation.
Operating expenses increased by
- an increase in other expenses by
46.4% , to$8.4 million for fiscal year 2026, from$5.7 million for fiscal year 2025. The increase was mainly due to higher shipping expenses and other costs resulting from the growth in the scale of the Company's operations; - an increase in provision for credit losses by
515.4% , to a provision for credit losses of$0.9 $0 - an increase in payroll, employee benefit expenses, and bonus expenses by
13.1% , to$7.4 million for fiscal year 2026, from$6.5 million for fiscal year 2025. The increase was mainly due to the increased headcount caused by the expansion of the Company's business operations; - an increase in professional service fees by
19.4% , to$3.9 million for fiscal year 2026, from$3.2 million for fiscal year 2025. The increase was mainly due to higher service fees incurred to accelerate the collection of accounts receivable, partially offset by a decrease in professional fees paid for a series of financial investigation services that were required by banks in connection with the Company's borrowings; - an increase in promotion and advertising expenses by
361.9% , to$0.8 million for fiscal year 2026, from$0.2 million for fiscal year 2025. The increase was mainly due to the Company's intensified advertising and promotional efforts during fiscal year 2026 to drive sales revenue growth; - an increase in lease expenses by
13.3% , to$2.8 million for fiscal year 2026, from$2.5 million for fiscal year 2025. The increase was mainly due to the opening of new physical stores inHong Kong andAustralia in fiscal year 2026; and - a decrease in transaction commission paid to third-party e-commerce marketplace operators by
39.4% , to$0.8 million $1.3 million 1.8% to3.0% based on the Company's sales amount. The decrease in transaction commission was in line with the decrease in the Company's online sales.
Interest Expenses, net
Interest expenses, net included interest expenses calculated at interest rate per loan agreements and loan service costs, which were directly incremental to the loan agreements and amortized over the loan periods. Interest expenses, net increased by
Additional and Delinquent Tax Due to Consumption Tax Correction
Since January 2022, the
Other Income, net
Other income, net primarily includes tax refund, disposal gain or loss from property and equipment, government subsidy, and other immaterial income and expense items. Other income, net increased by
Gain (loss) from Foreign Currency Exchange
Gain from foreign currency exchange was
Provision (Benefit) for Income Taxes
Provision for income taxes was
Net Income
Net income decreased to
Basic and Diluted Earnings per Share
Basic earnings per share was
Financial Condition
As of March 31, 2026, the Company had
Net cash used in operating activities was
Net cash provided by investing activities amounted to
Net cash provided by financing activities was
Conference Call Information
The Company will host an earnings conference call at 8:30 am U.S. Eastern Time (9:30 pm Japan Standard Time) on July 10, 2026. Dial-in details for the conference call are as follows:
Dial-in details for the conference call are as follows: | |
Date: | July 10, 2026 |
Time: | 8:30 am U.S. Eastern Time |
International: | 1-412-902-4272 |
United States Toll Free: | 1-888-346-8982 |
Conference ID | Tokyo Lifestyle Co., Ltd. |
Please dial in at least 15 minutes before the commencement of the call to ensure timely participation.
For those unable to participate, an audio replay of the conference call will be available from approximately one hour after the end of the live call until July 17, 2026. The dial-in for the replay is 1-855-669-9658 within the United States or 1-412-317-0088 internationally. The replay access code is 5582239.
A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://www.ystbek.co.jp/irlibrary/.
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, collectible cards, trendy toys, and other products in Hong Kong, Japan, North America, Thailand, Vietnam, the United Kingdom and Australia. 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), collectible cards and trendy toys (including Pokémon cards, BE@RBRICK and other trendy products) 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 annual report on Form 20-F 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
TOKYO LIFESTYLE CO., LTD. | |||||||
CONSOLIDATED BALANCE SHEETS | |||||||
March 31, | March 31, | ||||||
2026 | 2025 | ||||||
ASSETS | |||||||
CURRENT ASSETS: | |||||||
Cash | $ | 2,115,342 | $ | 4,819,639 | |||
Accounts receivable, net | 186,830,286 | 107,305,580 | |||||
Accounts receivable - related parties, net | 4,866 | 117 | |||||
Merchandise inventories, net | 14,433,760 | 4,370,803 | |||||
Due from related parties | 1,216,953 | 1,208 | |||||
Compensation receivable for consumption tax, | 8,707,457 | 7,178,775 | |||||
Prepaid expenses and other current assets, net | 6,127,587 | 13,542,183 | |||||
TOTAL CURRENT ASSETS | 219,436,251 | 137,218,305 | |||||
Property and equipment, net | 4,492,810 | 10,763,020 | |||||
Operating lease right-of-use assets | 7,935,439 | 6,031,284 | |||||
Life insurance policy, cash surrender value | 527,873 | - | |||||
Compensation receivable for consumption tax, non- | - | 2,039,840 | |||||
Long-term prepaid expenses and other non-current | 1,243,382 | 1,777,736 | |||||
TOTAL ASSETS | $ | 233,635,755 | $ | 157,830,185 | |||
LIABILITIES AND SHAREHOLDERS' | |||||||
CURRENT LIABILITIES: | |||||||
Short-term borrowings | $ | 50,319,318 | $ | 57,903,207 | |||
Current portion of long-term borrowings | 1,790,579 | 706,531 | |||||
Accounts payable | 105,635,444 | 25,057,104 | |||||
Accounts payable - related parties | 154 | 2,678,588 | |||||
Due to related parties | 426,156 | 27,678 | |||||
Deferred revenue | 2,336,812 | 8,027,153 | |||||
Taxes payable | 1,123,404 | 349,671 | |||||
Operating lease liabilities, current | 2,433,468 | 2,068,399 | |||||
Finance lease liabilities, current | 86,270 | 138,180 | |||||
Warrants liabilities | 1,001,178 | 2,502,718 | |||||
Other payables and other current liabilities | 3,215,841 | 1,998,713 | |||||
TOTAL CURRENT LIABILITIES | 168,368,624 | 101,457,942 | |||||
Due to related parties, non-current | 2,842,433 | - | |||||
Operating lease liabilities, non-current | 5,670,073 | 4,003,366 | |||||
Finance lease liabilities, non-current | 73,053 | 119,068 | |||||
Long-term borrowings | 11,516,741 | 6,501,772 | |||||
Other non-current liabilities | 1,291,866 | 1,470,135 | |||||
Deferred tax liabilities, net | 2,707,787 | 1,263,872 | |||||
TOTAL LIABILITIES | $ | 192,470,577 | $ | 114,816,155 | |||
COMMITMENTS AND CONTINGENCIES | |||||||
SHAREHOLDERS' EQUITY | |||||||
Ordinary shares, no par value,100,000,000 shares | 81,150 | 81,150 | |||||
Capital reserve | 26,946,116 | 26,946,116 | |||||
Retained earnings | 27,877,884 | 27,695,268 | |||||
Accumulated other comprehensive loss | (13,839,803) | (11,708,504) | |||||
TOTAL SHAREHOLDERS' EQUITY | 41,065,347 | 43,014,030 | |||||
Non-controlling interest | 99,831 | - | |||||
TOTAL EQUITY | 41,165,178 | 43,014,030 | |||||
TOTAL LIABILITIES AND EQUITY | $ | 233,635,755 | $ | 157,830,185 | |||
TOKYO LIFESTYLE CO., LTD. | |||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS AND | |||||||||||
COMPREHENSIVE INCOME (LOSS) | |||||||||||
For the Fiscal Years Ended | |||||||||||
2026 | 2025 | 2024 | |||||||||
REVENUE | |||||||||||
Revenue - third parties | $ | 373,219,124 | $ | 202,278,304 | $ | 189,674,322 | |||||
Revenue - related parties | 4,695 | 7,840,934 | 6,006,993 | ||||||||
Total revenue | 373,223,819 | 210,119,238 | 195,681,315 | ||||||||
COSTS AND OPERATING EXPENSES | |||||||||||
Merchandise costs | 345,118,553 | 186,201,939 | 172,306,308 | ||||||||
Selling, general and administrative expenses | 24,883,467 | 19,198,116 | 17,597,125 | ||||||||
Total costs and operating expenses | 370,002,020 | 205,400,055 | 189,903,433 | ||||||||
INCOME FROM OPERATIONS | 3,221,799 | 4,719,183 | 5,777,882 | ||||||||
OTHER INCOME (EXPENSE) | |||||||||||
Interest expense, net | (1,986,483) | (1,723,819) | (1,611,141) | ||||||||
Additional and delinquent tax due to consumption tax correction | (2,181,256) | 3,905,908 | (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 | 2,916,749 | 364,294 | 760,435 | ||||||||
Gain (loss) from foreign currency exchange | 364,116 | (440,055) | 3,065,971 | ||||||||
Change in fair value of warrants liabilities | 1,438,866 | (2,050,211) | 109,173 | ||||||||
Loss from equity method investments | - | (20,049) | (69,444) | ||||||||
Total other income, net | 532,183 | 36,068 | 2,157,828 | ||||||||
INCOME BEFORE INCOME TAX | 3,753,982 | 4,755,251 | 7,935,710 | ||||||||
PROVISION (BENEFIT) FOR INCOME | 3,102,686 | (1,883,237) | 456,774 | ||||||||
NET INCOME | 651,296 | 6,638,488 | 7,478,936 | ||||||||
Less: net loss attributable to non-controlling | (65,434) | - | - | ||||||||
NET INCOME ATTRIBUTABLE TO | $ | 716,730 | $ | 6,638,488 | 7,478,936 | ||||||
OTHER COMPREHENSIVE INCOME | |||||||||||
Net income | 651,296 | 6,638,488 | 7,478,936 | ||||||||
Foreign currency translation gain (loss) | (2,131,299) | 284,522 | (3,923,683) | ||||||||
Total comprehensive income (loss) | (1,480,003) | 6,923,010 | 3,555,253 | ||||||||
Less: comprehensive loss attributable to non- | (60,053) | - | - | ||||||||
TOTAL COMPREHENSIVE INCOME | $ | (1,540,056) | $ | 6,923,010 | 3,555,253 | ||||||
Earnings per ordinary share | |||||||||||
- basic | $ | 0.02 | $ | 0.16 | $ | 0.20 | |||||
- diluted | $ | 0.02 | $ | 0.16 | $ | 0.20 | |||||
Weighted average shares | |||||||||||
- basic | 42,327,806 | 42,242,610 | 37,264,162 | ||||||||
- diluted | 42,327,806 | 42,242,610 | 37,264,162 | ||||||||
TOKYO LIFESTYLE CO., LTD. | ||||||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||
For the Fiscal Years Ended March 31, | ||||||||||||
2026 | 2025 | 2024 | ||||||||||
Cash flows from operating activities: | ||||||||||||
Net Income | $ | 651,296 | $ | 6,638,488 | $ | 7,478,936 | ||||||
Adjustments to reconcile net income to net cash | ||||||||||||
Depreciation and amortization | 1,150,519 | 952,126 | 1,232,611 | |||||||||
Gain from disposal of property and equipment | (2,393,351) | (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) | (2,043,939) | |||||||||
Addition (reversal) of merchandise inventories | (92,100) | 61,935 | (68,361) | |||||||||
Amortization of operating lease right-of-use assets | 2,639,989 | 2,049,635 | 1,711,978 | |||||||||
Deferred tax provision (benefit) | 1,606,325 | (955,082) | (1,778,277) | |||||||||
Change in fair value of warrants liabilities | (1,438,866) | 2,050,211 | (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 | (87,270,000) | (1,073,737) | (24,747,655) | |||||||||
Accounts receivable - related parties | (4,773) | 25,698 | 277,005 | |||||||||
Merchandise inventories | (10,667,514) | (13,596) | 2,355,034 | |||||||||
Compensation receivable for consumption tax | - | 696,224 | 11,284,665 | |||||||||
Prepaid expenses and other current assets | (339,634) | (10,772,468) | 949,043 | |||||||||
Long term prepaid expenses and other non-current | 465,056 | 501,659 | 315,809 | |||||||||
Accounts payable | 86,279,085 | 567,502 | 13,816,414 | |||||||||
Accounts payable - related parties | (2,669,723) | 2,372,722 | 299,591 | |||||||||
Deferred revenue | 1,302,736 | 8,006,135 | 35,027 | |||||||||
Taxes payable | 818,845 | (8,943,973) | (6,977,961) | |||||||||
Other payables and other current liabilities | 1,212,727 | (281,729) | 1,078,396 | |||||||||
Operating lease liabilities | (2,514,494) | (2,040,884) | (1,711,398) | |||||||||
Other non-current liabilities | 5,261 | (291,185) | (239,250) | |||||||||
Net used in provided by (used in) operating | (10,298,059) | (598,739) | 1,911,955 | |||||||||
Cash flows from investing activities: | ||||||||||||
Purchase of property and equipment | (313,995) | (992,068) | (929,308) | |||||||||
Proceeds from disposal of property and equipment | 6,988,761 | 39,367 | 3,104,387 | |||||||||
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 | 6,096,783 | (964,193) | 2,713,914 | |||||||||
Cash flows from financing activities: | ||||||||||||
Capital contribution from non-controlling | 159,884 | - | - | |||||||||
Payment of dividend distribution | (530,957) | - | - | |||||||||
Proceeds from issuance of ordinary shares for | - | 29,482 | - | |||||||||
Proceeds from issuance of ordinary shares, net of | - | - | 3,747,282 | |||||||||
Proceeds from short-term borrowings | 19,427,417 | 5,781,612 | 1,384,000 | |||||||||
Repayments of short-term borrowings | (24,228,319) | (1,446,786) | (2,076,000) | |||||||||
Proceeds from long-term borrowings | 13,992,820 | - | - | |||||||||
Repayments of long-term borrowings | (7,771,119) | (204,024) | (4,186,712) | |||||||||
Proceeds from (repayments of) related parties | 3,359,437 | (15,346) | (228,966) | |||||||||
Repayment of obligations under finance leases | (166,428) | (177,320) | (420,910) | |||||||||
Net cash provided by (used in) financing | 4,242,735 | 3,967,618 | (1,781,306) | |||||||||
Effect of exchange rate fluctuation on cash | (2,745,756) | (60,585) | (2,135,466) | |||||||||
Net increase (decrease) in cash | (2,704,297) | 2,344,101 | 709,097 | |||||||||
Cash at beginning of year | 4,819,639 | 2,475,538 | 1,766,441 | |||||||||
Cash at end of year | $ | 2,115,342 | $ | 4,819,639 | $ | 2,475,538 | ||||||
Supplemental cash flow information | ||||||||||||
Cash paid for income taxes | $ | 872,707 | $ | 4,207,552 | $ | 880,308 | ||||||
Cash paid for interest | $ | 1,637,499 | $ | 1,072,273 | $ | 798,353 | ||||||
Supplemental non-cash operating activities | ||||||||||||
Purchase of property and equipment financed under | $ | 77,295 | $ | - | $ | - | ||||||
Right of use assets obtained in exchange for | $ | 4,715,753 | $ | - | $ | 3,118,676 | ||||||
Reduction of right-of-use assets and operating lease | $ | 233,202 | $ | - | $ | - | ||||||
View original content:https://www.prnewswire.com/news-releases/tokyo-lifestyle-co-ltd-reports-fiscal-year-2026-financial-results-302822525.html
SOURCE Tokyo Lifestyle Co., Ltd.