$TKLF

Tokyo Lifestyle Co., Ltd.

CIK:0001836242|SEC Filings

Consolidated Statements of Opertaions and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
REVENUE
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 PROVISION (BENEFIT)	3,753,982	4,755,251	7,935,710
PROVISION (BENEFIT) FOR INCOME TAXES	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 interest	(65,434)
NET INCOME ATTRIBUTABLE TO TOKYO LIFESTYLE CO., LTD.	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-controlling interest	(60,053)
TOTAL COMPREHENSIVE INCOME (LOSS)	$ (1,540,056)	$ 6,923,010	$ 3,555,253
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)	42,327,806	42,242,610	37,264,162
- diluted (in Shares)	42,327,806	42,242,610	37,264,162
Third Parties
REVENUE
Total revenue	$ 373,219,124	$ 202,278,304	$ 189,674,322
Related Party
REVENUE
Total revenue	$ 4,695	$ 7,840,934	$ 6,006,993

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net Income	$ 651,296	$ 6,638,488	$ 7,478,936
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
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 written down	(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 assets	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 activities	(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 activities	6,096,783	(964,193)	2,713,914
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			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 borrowings	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 activities	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 finance leases	77,295
Right of use assets obtained in exchange for operating lease liabilities	4,715,753		3,118,676
Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement	$ 233,202

Consolidated Balance Sheets - USD ($)	Mar. 31, 2026	Mar. 31, 2025
CURRENT ASSETS:
Cash	$ 2,115,342	$ 4,819,639
Accounts receivable, net	186,830,286	107,305,580
Merchandise inventories, net	14,433,760	4,370,803
Compensation receivable for consumption tax, current, net	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-current, net		2,039,840
Long-term prepaid expenses and other non-current assets, net	1,243,382	1,777,736
TOTAL ASSETS	233,635,755	157,830,185
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
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
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 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	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
Related Party
CURRENT ASSETS:
Accounts receivable - related parties, net	4,866	117
Due from related parties	1,216,953	1,208
CURRENT LIABILITIES:
Accounts payable - related parties	154	2,678,588
Due to related parties	426,156	27,678
Due to related parties, non-current	$ 2,842,433