Tokyo Lifestyle Co., Ltd.

Tokyo Lifestyle Co., Ltd. has announced a proposal for a cash dividend of JPY1.432 per ordinary share, pending shareholder approval at the extraordinary general meeting scheduled for November 30, 2026. If approved, the dividend payment is expected to begin on December 18, 2026, and be completed by December 30, 2026. The record date for shareholders is set as October 30, 2026.

Tokyo Lifestyle Co., Ltd. held its 20th Annual General Meeting of Shareholders on June 26, 2026. Shareholders approved the financial statements for the 20th fiscal year and partial amendments to the Articles of Incorporation. A year-end dividend of JPY1.890 per share was approved, payable from September 14 to September 30, 2026. Additionally, Sakurazaka Audit Corporation was appointed as the Accounting Auditor, and three Corporate Auditors were appointed.

Tokyo Lifestyle Co., Ltd. reported a 77.6% year-over-year increase in revenue, reaching $373.2 million for fiscal year 2026, driven by strong expansion in directly-operated stores, franchise network, and wholesale operations. Despite robust revenue growth and improved operating leverage, net income declined significantly to $0.7 million from $6.6 million in the prior year, primarily due to tax-related factors. The company emphasized its strategic shift towards an asset-light model, international expansion, and diversification of its product portfolio, with total assets increasing by 48%.

Tokyo Lifestyle Co., Ltd. has issued a notice convening its 20th Ordinary General Meeting of Shareholders on June 26, 2026. The meeting agenda includes the approval of financial statements for the fiscal year ended March 31, 2026, during which the company reported a substantial increase in net sales to 38,783,862 thousand yen and ordinary income to 193,321 thousand yen. Key proposals also involve amendments to the Articles of Incorporation to establish a Board of Auditors, the appointment of Sakurazaka Audit Corporation as the Accounting Auditor, and the election of three Corporate Auditors. Additionally, a dividend of JPY 1.890 per share is proposed.