Yoshitsu Co., Ltd. Files 2024 Annual Report

Ticker: TKLF · Form: 20-F · Filed: Jul 16, 2024 · CIK: 1836242

Yoshitsu Co., Ltd 20-F Filing Summary
FieldDetail
CompanyYoshitsu Co., Ltd (TKLF)
Form Type20-F
Filed DateJul 16, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$, $0.006613, $0.007519, $0.008208, $0.006920
Sentimentneutral

Sentiment: neutral

Topics: annual-report, 20-f, retail

TL;DR

Yoshitsu Co., Ltd. just dropped its 2024 20-F. Check it for annual performance.

AI Summary

Yoshitsu Co., Ltd. filed its annual report on Form 20-F for the fiscal year ended March 31, 2024. The company, incorporated in M0 and headquartered in Tokyo, Japan, operates in the retail sector. This filing serves as their annual disclosure to the SEC.

Why It Matters

This filing provides investors and the public with the company's official financial performance and operational details for the past fiscal year, crucial for understanding its current standing and future prospects.

Risk Assessment

Risk Level: low — This is a standard annual report filing (20-F) and does not contain new material events or significant financial changes that would inherently increase risk.

Key Numbers

  • 2024 — Fiscal Year End (The report covers the period ending March 31, 2024.)
  • 001-41181 — SEC File Number (Identifies the company's filing with the SEC.)

Key Players & Entities

  • Yoshitsu Co., Ltd. (company) — Filer of the 20-F annual report
  • March 31, 2024 (date) — Fiscal year end for the report
  • Tokyo, Japan (location) — Company headquarters
  • 001-41181 (dollar_amount) — SEC file number

FAQ

What is the primary purpose of this Form 20-F filing?

The Form 20-F is an annual report required for foreign private issuers to disclose their financial performance and other relevant information to the SEC for the fiscal year ended March 31, 2024.

What is Yoshitsu Co., Ltd.'s fiscal year end?

Yoshitsu Co., Ltd.'s fiscal year ends on March 31.

Where is Yoshitsu Co., Ltd. headquartered?

Yoshitsu Co., Ltd. is headquartered in Tokyo, Japan, with its business address at HARUMI BUILDING, 2-5-9 KOTOBASHI, SUMIDA-KU, TOKYO, 130-0022.

What is the SEC file number for Yoshitsu Co., Ltd.?

The SEC file number for Yoshitsu Co., Ltd. is 001-41181.

What industry does Yoshitsu Co., Ltd. operate in?

Yoshitsu Co., Ltd. operates in the retail sector, specifically classified under RETAIL-RETAIL STORES, NEC [5990].

Filing Stats: 4,623 words · 18 min read · ~15 pages · Grade level 13.4 · Accepted 2024-07-16 17:21:15

Key Financial Figures

  • $ — nline stores before; "U.S. dollars," "$," and "dollars" are to the legal curren
  • $0.006613 — 3 2022 At the end of the year - 1=$0.006613 1=$0.007519 1=$0.008208 Average r
  • $0.007519 — the end of the year - 1=$0.006613 1=$0.007519 1=$0.008208 Average rate for the ye
  • $0.008208 — year - 1=$0.006613 1=$0.007519 1=$0.008208 Average rate for the year - 1=$0.00
  • $0.006920 — 08208 Average rate for the year - 1=$0.006920 1=$0.007402 1=$0.008908 ii Part
  • $0.007402 — e rate for the year - 1=$0.006920 1=$0.007402 1=$0.008908 ii Part I Item 1. ID
  • $0.008908 — year - 1=$0.006920 1=$0.007402 1=$0.008908 ii Part I Item 1. IDENTITY OF DIRE
  • $53.2 million — of March 31, 2024, we had approximately $53.2 million in short-term borrowings outstanding. A
  • $60.6 million — of March 31, 2023, we had approximately $60.6 million in short-term borrowings outstanding. A
  • $40.3 million — of March 31, 2022, we had approximately $40.3 million in short-term borrowings outstanding. A
  • $8.7 million — ty date of December 30, 2024 and repaid $8.7 million of the outstanding short-term borrowing
  • $40.4 million — 2023. We repaid all of our outstanding $40.4 million short-term borrowings as of March 31, 2
  • $53.2 million — of March 31, 2024, we had approximately $53.2 million in short-term borrowings and $7.4 milli
  • $7.4 million — .2 million in short-term borrowings and $7.4 million in long-term borrowings outstanding. T
  • $65,028,234 — nd 2022. Our total revenue decreased by $65,028,234, or 27.7%, from $234,752,580 for the fi

Filing Documents

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 95 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 96 PART II 98 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 98 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 98 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 99 ITEM 16. [RESERVED] 99 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 99 ITEM 16B. CODE OF ETHICS 99 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 100 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 100 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 100 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 100 ITEM 16G. CORPORATE GOVERNANCE 100 ITEM 16H. MINE SAFETY DISCLOSURE 101 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 101 Item 16J. INSIDER TRADING POLICIES 101 Item 16K. CYBERSECURITY 101 PART III 102 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 102 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 102 ITEM 19. EXHIBITS 102 i INTRODUCTION In this annual report on Form 20-F, unless the context otherwise requires, references to: "ADRs" are to the American Depositary Receipts that may evidence the ADSs (defined below); "ADSs" are to the American Depositary Shares, each of which represents one Ordinary Share (defined below); "Japanese yen" or "" are to the legal currency of Japan; "Kaika International" are to Kaika International Co., Ltd., formerly known as Tokyo Lifestyle Co., Ltd., a stock company incorporated pursuant to the laws of Japan, which is wholly owned by Yoshitsu (defined below); "Ordinary Shares" are to the ordinary shares of Yoshitsu; "repeat customer" for a specified period are to any customer who (1) is an active customer during such period and (2) had purchased products from us at least twice during the period from our inception to the end of such period. Orders placed by a repeat customer during a specified period include all orders placed by the customers during such period even if the customer made the first purchase from us in the same period. We determine that a customer has purchased products from us (a) in our directly-operated physical stores or franchise stores if the customer uses our rewards card when making payments or (b) in our online stores if a customer with the same phone number has made purchases in our online stores before; "U.S. dollars," "$," and "dollars" are to the legal currency of the United States; "we," "us," "our," "our Company," or the "Company" are to Yoshitsu and its subsidiary, as the case may be; and "Yoshitsu" are to Yoshitsu Co., Ltd, a stock company incorporated pursuant to the laws of Japan. This annual report on Form 20-F includes our audited consolidated financial statements for the fiscal years ended March 31, 2024, 2023, and 2022. In this annual report, we refer to assets, obligations, commitments, and liabilities in our consolidated financial statements in

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

Item 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not Applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

Item 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not Applicable.

KEY INFORMATION

Item 3. KEY INFORMATION A. [Reserved] B. Capitalization and Indebtedness Not applicable. C. Reasons for the Offer and Use of Proceeds Not applicable. D. Risk Factors Risks Related to Our Business We operate in a highly competitive market and our failure to compete effectively could adversely affect our results of operations. The beauty and health products markets in Japan, China, Canada, the U.K., and the U.S. are fragmented and highly competitive. We primarily compete against other offline and online retailers and wholesalers of beauty and health products, but also increasingly face competition from retail pharmacies, discount stores, convenience stores, and supermarkets as we increase our offerings of sundry products and other products. See "Item 4. Information on the Company—B. Business Overview—Competition." Our current or future competitors may have longer operating histories, greater brand recognition, better supplier relationships, larger customer bases, more cost-effective fulfillment capabilities, or greater financial, technical, or marketing resources than we do. Competitors may leverage their brand recognition, experience, and resources to compete with us in a variety of ways, including investing more heavily in research and development and making acquisitions for the expansion of their products. Some of our competitors may be able to secure more favorable terms from suppliers, devote greater resources to marketing and promotional campaigns, adopt more aggressive pricing or inventory policies, and devote substantially more resources to their store and website development than us. In addition, new and enhanced technologies may increase the competition in the online retail market. Increased competition may reduce our profitability, market share, customer base, and brand recognition. There can be no assurance that we will be able to compete successfully against current or future competitors, and such competitive pressures could have a materia

View Full Filing

View this 20-F filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.