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TKLF

Tokyo Lifestyle Co., Ltd.

TKLF

Tokyo Lifestyle Co., Ltd. • NASDAQ
$2.66 ▲ 0.00% (+0.00)
Market Cap $1.12 M
52w High $4.32
52w Low $2.47
Dividend Yield 0%
P/E 1.66
Volume 251
Outstanding Shares 422.43K

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $31.345B ▲ $2.864B ▲ $992.063M ▲ 3.165% ▲ $12.5 ▲ $1.415B ▲
Q2-2025 $98.003M ▼ $8.925M ▲ $1.336M ▼ 1.363% ▼ $3.2 ▲ $3.63M ▼
Q4-2024 $121.517M ▲ $8.472M ▼ $5.525M ▲ 4.546% ▲ $1.44 ▲ $6.167M ▲
Q2-2024 $73.239M ▼ $9.011M ▼ $1.93M ▲ 2.635% ▲ $0.53 ▲ $3.947M ▲
Q4-2023 $92.109M $21.692M $-8.376M -9.094% $-2.4 $-6.13M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $721.222M ▲ $23.618B ▲ $17.181B ▲ $6.437B ▲
Q2-2025 $3.077M ▼ $158.736M ▲ $119.481M ▲ $39.255M ▲
Q4-2024 $374.673M ▲ $142.924M ▲ $106.867M ▲ $36.057M ▲
Q2-2024 $2.791M ▲ $129.126M ▼ $101.16M ▼ $27.966M ▼
Q4-2023 $1.766M $146.675M $117.394M $28.272M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $992.063M ▲ $-85.619M ▼ $-143.001M ▼ $588.743M ▲ $350.777M ▲ $-235.389M ▼
Q2-2025 $1.336M ▼ $-3.977M ▼ $-1.283M ▼ $4.981M ▲ $600.155K ▲ $-2.663M ▼
Q4-2024 $5.525M ▲ $-1.785M ▼ $2.358M ▲ $-708.264K ▲ $-157.631K ▼ $-2.517M ▼
Q2-2024 $1.954M ▲ $3.697M ▲ $356.208K ▲ $-1.073M ▲ $512.18K ▲ $3.499M ▲
Q4-2023 $-8.376M $-3.801M $-845.81K $-3.604M $-3.698M $-4.69M

Revenue by Products

Product Q3-2023Q3-2024
Other Products Member
Other Products Member
 $10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has recently stepped up sharply from a very small base, suggesting the business is moving from “early stage” to more meaningful scale. Profitability has also improved: the company has shifted from break-even / small losses to solid net profit, which indicates better cost control and operating leverage as sales grow. That said, the gross margin looks relatively thin for a branded retailer, which limits how much profit it can generate from each unit of sales. Continued expansion, currency swings, and the mix between beauty products, lifestyle goods, and collectibles could all cause margins to move around from year to year. Overall, the direction of travel on the income statement is positive, but still in a relatively early phase and potentially volatile.

Balance Sheet

Balance Sheet The balance sheet has grown alongside the business, with total assets and shareholders’ equity both rising in recent years. This suggests the company is reinvesting and building a larger operating base rather than staying small and static. However, debt has also increased and now represents a significant portion of the capital structure. Cash on hand appears modest compared with total borrowings, so the company is leaning on leverage to fund growth. This can accelerate expansion but also raises financial risk if sales or margins weaken. The balance sheet shows progress but also a clear need for careful debt and liquidity management.

Cash Flow

Cash Flow Despite recent accounting profits, cash generation from day‑to‑day operations has been soft and even slightly negative lately. This often happens when a retailer expands quickly and ties up cash in inventory and receivables, but it does mean that reported earnings are not yet fully supported by strong cash inflows. Free cash flow has been negative most recently, as the company spends on new stores, systems, and related capital needs. In short, TKLF is still in an investment-heavy phase, relying on external funding and balance sheet capacity rather than internally generated cash to fuel its growth. Sustained, positive operating cash flow will be an important milestone to watch.

Competitive Edge

Competitive Edge TKLF occupies a distinctive niche as a specialist in Japanese beauty, health, and lifestyle products, marketed under emerging but increasingly recognized brands. Its ability to curate authentic Japanese goods and tap into pop‑culture categories like trading cards and designer toys helps differentiate it from more generic personal-care chains. The company is building reach through a mix of directly operated stores, franchises, wholesale relationships, and e‑commerce across Asia, North America, and Europe. This diversified channel strategy is a strength but also exposes TKLF to intense competition from local retailers, global beauty chains, and online marketplaces. The moat looks promising but not yet deeply entrenched, and it will depend on continued brand building, sourcing advantages, and execution in new markets.

Innovation and R&D

Innovation and R&D TKLF is not a traditional R&D-driven company, but it is actively innovating in how it sells and markets products. It is rolling out localized e‑commerce sites, partnering with a third party to enhance app-based shopping, and experimenting with digital tools in stores to blend online and offline experiences. Planned skin-testing technology, data-driven personalization, and social media collaborations point to a more modern, experience-led retail model rather than simple shelf retailing. The joint venture in trading cards and the expansion into collectibles show a willingness to pursue new, higher-engagement categories. Overall, innovation is focused on channel expansion, customer experience, and product mix, not on proprietary technology, but it still has the potential to support differentiation and growth.

Summary

TKLF appears to be transitioning from a small, niche operator to a more fully fledged international retailer of Japanese lifestyle products. Revenue and profits have improved meaningfully, and the company is aggressively expanding its store network, product range, and geographic footprint. At the same time, the business is still young as a public company, with a limited track record and uneven cash flow. Growth is being financed in part with rising debt and ongoing investment, which introduces execution and financial risk if expansion does not translate into durable, cash-backed profitability. The strategic story—authentic Japanese products, curated assortments, collectibles, and an emerging omnichannel platform—is appealing and differentiated, but it is still in the build‑out stage. Future results will hinge on how well TKLF can deepen its brand, manage its leverage, turn accounting earnings into steady cash flow, and successfully execute its international and digital growth plans.

NEWS

November 3, 2025 · 9:00 AM UTC

Tokyo Lifestyle Co., Ltd. Announces Grand Opening of Directly-Operated Reiwatakiya Store in Vietnam, Accelerating Expansion Across Southeast Asia

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October 20, 2025 · 8:00 AM UTC

Tokyo Lifestyle Co., Ltd. Announces Cooperation with HK Artemis Limited to Enhance Online Sales in Hong Kong

Read more