TOKYO, Sept. 16, 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 the official opening of two new franchise stores (the "Stores") under its "Reiwatakiya" brand in Hong Kong in September 2024. This expansion is expected to further enhance the Company's market presence and boost brand recognition in the region. Located in the shopping districts of Tsuen Wan and Admiralty, the Stores operate under a franchise model, aiming to offer hi
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 trade
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. Pursuant to
Yoshitsu Co., Ltd (NASDAQ:TKLF) shares are trading higher Tuesday after the company reported a year-over-year increase in its fiscal year financial results. The Details: Yoshitsu reported quarterly earnings of 20 cents per share, representing a 190.91% increase from the same period last year. The company reported $195.68 million in sales for the quarter which is a 15.29% increase over sales from the same period last year. Yoshitsu said revenue from directly-operated physical stores increased by 28.8%, to $15 million for fiscal year 2024, up from $11.6 million in 2023. The increase was mainly due to its newly offered luxury products, which contributed a significant portion of increas
U.S. stocks traded mostly higher toward the end of trading, with the Dow Jones index surging more than 650 points on Tuesday. The Dow traded up 1.63% to 40,865.59 while the NASDAQ fell 0.11% to 18,452.31. The S&P 500 also rose, gaining, 0.37% to 5,652.28. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields Leading and Lagging SectorsIndustrials shares jumped by 2.3% on Tuesday. In trading on Tuesday, information technology shares fell by 0.8%. Top Headline Morgan Stanley (NYSE:MS) reported better-than-expected second-quarter results. Morgan Stanley reported second-quarter EPS of $1.82, up from $1.24 a yea
Shares of The Charles Schwab Corporation (NYSE:SCHW) fell sharply during Tuesday's session following second-quarter results. Charles Schwab said adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from Benzinga Pro. Charles Schwab shares dipped 7.5% to $69.42 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Yoshitsu Co., Ltd (NASDAQ:TKLF) jumped 109% to $0.6437 after the company reported a year-over-year increase in FY24 financial results. Silo Pharma, Inc. (NASDAQ:SILO) shares climbed 95.4% to $2.12 after the company obtained an exclusive global l
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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. Our total revenue surged by 15.3%, and our income from operations increased by 601.3%, clear indicators of our robust growth and strategic e
Earnings Call Scheduled at 8:30 am U.S. Eastern Time on July 16, 2024 Tokyo, Japan, July 08, 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 will release its financial results for fiscal year 2024 before the U.S. market opens on Tuesday, July 16, 2024. The Company will host an earnings conference call to discuss its financial results at 8:30 am U.S. Eastern Time (9:30 pm Japan Standard Time) on July 16, 2024.
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 mode
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. Dear Shareholders, As we embrace the post-pandemic resurgence of our business, it is my privilege to reflect on our journey and char