Yoshitsu Co Ltd

Yoshitsu Co. Ltd. operates as a retailer and wholesaler of Japanese beauty and health products, as well as other products. It offers beauty products, including cosmetics, skin care, fragrance, and body care; health products, including over-the-counter drugs, nutritional supplements, and medical supplies and devices; and other products, including lingerie, home goods, food, and alcoholic beverages. The firm sells its products through directly-operated physical stores, through online stores, and to franchise stores and wholesale customers. Its brands include Shiseido, Sato, Kao, and Kose. The company was founded on December 28, 2006 and is headquartered in Sumida-ku, Japan.

TOKYO, Japan, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd ("Yoshitsu" 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 it has been named a Gold Stevie® Award winner in the "Company of the Year - Retail - Medium-size" category at the 21st Annual International Business Awards® (“IBAs”). See the official website of the IBAs at https://stevieawards.com/iba/company-organization-awards-winners-0 for details.

Yoshitsu Co., Ltd Wins Gold Stevie® Award in 2024 International Business Awards®

TOKYO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd ("Yoshitsu" 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, on August 1, 2024, the Company, through its Hong Kong subsidiary, Tokyo Lifestyle Limited (“TLS”), entered into the following agreements with Grun Group Thailand Co. Ltd. (“Grun Thailand”), a professional brand marketing agency, to develop a network of franchise stores for beauty products in the Southeast Asia market under the “Tokyo Lifestyle” brand: (i) a trademark license agreement with Tokyo Lifestyle Thailand Co., Ltd., a company incorporated in Thailand, the controlling shareholder of which is Grun Thailand, and (ii) a purchase and sales contract (collectively, the “Agreements”). The Company sees these Agreements as representing a significant milestone in the Company's ambitious regional expansion strategy.

Yoshitsu Co., Ltd Establishes Franchise Network for Southeast Asia Expansion

TOKYO, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd ("Yoshitsu" 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 its Hong Kong subsidiary, Tokyo Lifestyle Limited (“TLS”), entered into a US$2.75 million loan agreement (the “Agreement”) on July 10, 2024 with a wholly-owned subsidiary of Tasly (International) Healthcare Investment & Development Company Limited (“Tasly”), a pharmaceutical conglomerate based in China, to support TLS's future growth and development.

Yoshitsu Co., Ltd Entered into US$2.75 Million Strategic Loan with Best Life Technology Limited

Yoshitsu Co., Ltd. (NASDAQ:TKLF ) Q4 2024 Results Conference Call July 16, 2024 8:30 AM ET Company Participants Sissi Huang - Company's Representative Operator Good day, ladies and gentlemen.

Yoshitsu Co., Ltd. (TKLF) Q4 2024 Earnings Call Transcript

TOKYO , July 16, 2024 /PRNewswire/ -- Yoshitsu Co., Ltd ("Yoshitsu" 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 its financial results for the fiscal year 2024 ended March 31, 2024. Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, "I am thrilled to report that Yoshitsu has achieved outstanding success during fiscal year 2024.

Yoshitsu Co., Ltd Reports Fiscal Year 2024 Financial Results

TOKYO, JAPAN / ACCESSWIRE / April 23, 2024 / The Japanese beauty market is growing as consumers from the U.S. to England seek to get their hands on a class of products with a reputation in the marketplace for being high-quality, effective and long-lasting. These beauty products also offer consumers a minimalist approach to skincare instead of a multi-step, complicated morning and bedtime routine.

With Demand For Japanese Beauty Products Growing, Yoshitsu Sets Its Sights On The US, Gears Up For More Brick-And-Mortar Expansion

Tokyo, Japan, March 05, 2024 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” 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, mainland China, Japan, North America, and the United Kingdom, today announced that the Company, through its subsidiary, REIWATAKIYA LV LLC, a Nevada limited liability company, entered into a lease agreement (the "Lease") on February 21, 2024 with Fashion Show Mall LLC, a Delaware limited liability company, to lease a premise for its new store located in Fashion Show Las Vegas (“Fashion Show”), a shopping, dining and entertainment destination on the Las Vegas Strip. The move is expected to expand the Company's operational network in the U.S. market and strengthen its market presence.

Yoshitsu Co., Ltd.'s Subsidiary REIWATAKIYA LV LLC Enters into a Lease Agreement with Fashion Show Mall LLC to Expand Market Presence in the U.S. Market

Tokyo, Japan, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” 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, mainland China, Japan, North America, and the United Kingdom, today announced that Mr. Mei Kanayama, the Principal Executive Officer of the Company, has issued a letter to shareholders highlighting the Company's recent accomplishments and plans for 2024. The full text of the letter follows.

Yoshitsu Co., Ltd. Issues 2024 Chairman's Letter to Shareholders Highlighting Recent Accomplishments and Outlook for 2024

Tokyo, Japan, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” 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, mainland China, Japan, North America, and the United Kingdom, today announced that it has entered into securities purchase agreements with certain institutional investors providing for the issuance of 5,970,152 American Depositary Shares (“ADSs”), at a purchase price of $0.67 per ADS, in a registered direct offering. In a concurrent private placement, the Company also agreed to sell to the same investors ADS purchase warrants. Aggregate gross proceeds to the Company for both transactions are expected to be approximately $4,000,000. The warrants have an exercise price of $0.67 per ADS, are exercisable immediately, and will expire 5.5 years following the date of issuance.

Yoshitsu Co., Ltd. Announces Pricing of $4.0 Million Registered Direct Offering and Private Placement

Tokyo, Japan, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” 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, mainland China, Japan, North America, and the United Kingdom, today announced that the Company received a written notification letter (the "Notification Letter") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on December 20, 2023 notifying the Company that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq.

Yoshitsu Co., Ltd Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

TOKYO , Dec. 22, 2023 /PRNewswire/ -- Yoshitsu Co., Ltd ("Yoshitsu" 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, mainland China, Japan, North America, and the United Kingdom, today announced its unaudited financial results for the first six months of fiscal year 2024 ended September 30, 2023. Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, "We believe it has been a dynamic first half of fiscal year 2024, marked by a significant growth in revenue from physical stores and our strategic focuses on the asset-light business model and franchise expansion in Japan.

Yoshitsu Co., Ltd Reports First Six Months of Fiscal Year 2024 Financial Results

Tokyo, Japan, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Hong Kong, mainland China, Japan, North America, and the United Kingdom, today announced the opening of its direct-sale store in the United States (the “Store”). The Store, set to open on December 8, 2023, will be located at 4514 University Way NE, Seattle, WA 98004, in the University District adjacent to the University of Washington. The Company believes that the opening of the Store marks a strategic step in its global market expansion.

Yoshitsu Co., Ltd Announces the Launch of its U.S. Direct-Sale Store in Seattle's University District

Tokyo, Japan, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Hong Kong, mainland China, Japan, North America, and the United Kingdom, today announced that it has established two new subsidiaries in the U.S., including Tokyo Lifestyle Holding Inc, a Delaware company incorporated on October 17, 2023, and REIWATAKIYA BOS LLC, a Massachusetts company incorporated on October 26, 2023 (collectively, the “Subsidiaries”). Through the establishment of the Subsidiaries, the Company aims to reinforce its business growth strategy in the U.S. market, advancing its expansion efforts globally and strengthening its ties with varied markets.

Yoshitsu Co., Ltd. Announces the Establishment of New Subsidiaries in the U.S.

Tokyo, Japan, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Hong Kong, mainland China, Japan, North America, and the United Kingdom, today announced that on October 18, 2023, the Company entered into a strategic cooperation agreement (the “Agreement”) with Tasly Holding Group Co., Ltd. (“Tasly”), a Chinese pharmaceutical conglomerate, to cooperate with the investment, research and development, and sales of health products globally. Yoshitsu expects this collaboration with Tasly to help solidify and grow Yoshitsu's presence in the health product sector.

Yoshitsu Co., Ltd Announces Strategic Cooperation with Tasly Holding Group Co., Ltd

Tokyo, Japan, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd. ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, is thrilled to announce the grand opening of its REIWATAKIYA flagship store located at 47 South Molton Street, London W1K 5RY (the “Store”), near Bond Street in London. The Store is set to open for business at the end of October 2023.

Yoshitsu Co., Ltd. Announces the Grand Opening of its REIWATAKIYA Flagship Store in London

To expand global online sales channels and scale sales Tokyo, Japan, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced that its REIWATAKIYA overseas flagship store (the “Store”) will be available on Tmall on August 27, 2023. Tmall is one of the world's largest third-party online and mobile commerce platforms for brands and retailers.

Yoshitsu Co., Ltd to Launch REIWATAKIYA Overseas Flagship Store on Tmall

TOKYO , July 31, 2023 /PRNewswire/ -- Yoshitsu Co., Ltd ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced its financial results for the fiscal year ended March 31, 2023. Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, "I am pleased to present our financial results for fiscal year 2023.

Yoshitsu Co., Ltd Reports Fiscal Year 2023 Financial Results

Tokyo, Japan, June 21, 2023 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced that the Company has entered into four franchise agreements (the “Agreements”) with its franchisees to open four new franchise stores (the “Stores”) under the names “TOKYO LIFESTYLE” and “reiwatakiya” to adopt an asset-light business model. TOKYO LIFESTYLE and reiwatakiya stores provide various household goods and products. Three of the four new franchise stores will be located in Tokyo, and one will be located in Nagano Prefecture. With the new business model, the Company hopes to build strong store brand awareness and accelerate its business expansion by leveraging the advantages of strategic alliances with franchisees.

Yoshitsu Co., Ltd to Adopt an Asset-Light Business Model

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Yoshitsu Co., Ltd Developing Shopping App for Global Shoppers

Tokyo, Japan, April 14, 2023 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced that, on April 5, 2023, Prometheus Capital Fund I, L.P. (the “Fund”) became the beneficial owner of 2,063,300 ordinary shares of the Company, which represented approximately 5.7% of the Company's issued and outstanding ordinary shares.

Yoshitsu Co., Ltd Welcomes Prometheus Capital Fund I, L.P. as a New Institutional Shareholder

TOKYO , March 24, 2023 /PRNewswire/ -- Yoshitsu Co., Ltd ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced its unaudited financial results for the first six months of fiscal year 2023 ended September 30, 2022. Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, "During the first six months of fiscal year 2023, our online sales revenue generated from the Chinese market was significantly impacted by the resurgence of COVID-19.

Yoshitsu Co., Ltd Reports First Six Months of Fiscal Year 2023 Financial Results

Tokyo, Japan, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today provides a business update for its duty-free shopping services. With the inbound tourism recovery in Japan, the Company strives to explore the market opportunities of domestic duty-free shopping. The Company began providing pickup services since November 11, 2022, at its Urawa store and KoshigayaRyutsudanchi store in Saitama, Japan and its Hakuba store in Nagano, Japan. The Company has become the first company to offer pickup services at pharmacies in Tokyo and the first company to offer duty-free shopping service on TaxFreeOnline.jp ("TFO”) in Nagano.

Business Update for Yoshitsu Co., Ltd.'s Duty-free Shopping Services

Tokyo, Japan, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced that it plans to launch new business in the sauce, dressing and condiment market.

Yoshitsu Co., Ltd to Launch New Business in the Sauce, Dressing and Condiment Market

Tokyo, Japan, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced that the Company has leased its first warehouse in London, United Kingdom (the “Warehouse”), of approximately 2,362 square feet. The Company commenced operations at the Warehouse on October 15, 2022. This Warehouse represents another significant step in the Company's business strategy to optimize its warehouse operations and enhance customer services to support its global footprint in Europe.

Yoshitsu Co., Ltd to Use New Warehouse in London to Support its Global Expansion in Europe

Tokyo, Japan, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced that on August 29, 2022, the Company has leased a new warehouse in Hong Kong (the “Warehouse”) of approximately 2,790 square feet at Lincoln Centre, 20 Yip Fung Street, Fanling, New Territories, Hong Kong. The Company plans to renovate the warehouse in mid-September and put it into operation afterward. This represents a significant initiative of the Company's business strategy to optimize its warehouse operations and enhance customer services to support its footprint expansion in Hong Kong.

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