← Tokyo Lifestyle Co., Ltd.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income From Continuing Operations | $4.9m | $5.5m | $3.3m | ($8.0m) | $7.5m | $6.6m | $651k | $651k | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $8.0m | — | — | $651k | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($65k) | — | |
| Depreciation and amortization | $403k | $442k | $1.0m | $1.2m | $1.2m | $952k | $3.8m | $3.8m | |
| Depreciation, Depletion and Amortization, Nonproduction | — | — | $1.0m | $1.2m | $1.2m | $952k | $1.2m | $3.8m | |
| Amortization of operating lease right-of-use assets | $1.1m | $1.2m | $1.1m | $1.8m | $1.7m | $2.0m | $2.6m | — | |
| Depreciation Amortization Depletion | — | — | — | $3.0m | $2.9m | $3.0m | $3.8m | $3.8m | |
| Deferred Income Tax Expense (Benefit) | — | — | ($122k) | $4.8m | ($1.8m) | ($955k) | $1.6m | $1.6m | |
| Deferred tax provision (benefit) | ($182k) | ($234k) | ($122k) | $4.8m | ($1.8m) | ($955k) | $1.6m | — | |
| Asset Impairment Charge | — | — | — | $150k | ($68k) | $206k | ($92k) | ($92k) | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | ($146k) | $15k | $191k | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | ($146k) | $15k | ($69k) | ($20k) | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | $760k | $364k | $2.9m | — | |
| Investment loss (income) from equity method investment | — | — | $146k | ($15k) | $69k | $20k | — | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | ($15k) | $69k | $20k | $0 | $0 | |
| Investment loss from equity method investment | — | — | $146k | ($15k) | $69k | $20k | — | — | |
| Nonoperating Income (Expense) | — | — | ($928k) | ($8.2m) | $2.2m | $36k | $532k | — | |
| Changes in operating assets and liabilities: | |||||||||
| Change In Working Capital | — | — | — | ($29.6m) | ($3.3m) | ($11.2m) | ($13.4m) | ($13.4m) | |
| Increase (Decrease) in Accounts Receivable | — | — | ($6.2m) | $53.8m | $24.7m | $1.1m | $87.3m | ($87.3m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | ($279k) | $3.5m | ($2.0m) | ($220k) | $915k | ($87.3m) | |
| Accounts receivable | ($9.4m) | ($7.7m) | $6.2m | ($53.8m) | ($24.7m) | ($1.1m) | ($87.3m) | ($87.3m) | |
| Accounts receivable - related parties | ($1.1m) | ($2.6m) | ($3.4m) | ($323k) | $277k | $26k | ($5k) | ($87.3m) | |
| Change In Receivables | — | — | — | ($77.4m) | ($13.2m) | ($352k) | ($87.3m) | ($87.3m) | |
| Changes In Account Receivables | — | — | — | ($54.1m) | ($24.5m) | ($1.0m) | ($87.3m) | ($87.3m) | |
| Increase (Decrease) in Inventories | — | — | — | — | ($2.4m) | $14k | $10.7m | ($10.7m) | |
| Inventory Write-down | — | — | — | $153k | ($68k) | $62k | ($92k) | — | |
| Addition (reversal) of merchandise inventories written down | — | — | — | $150k | ($68k) | $62k | ($92k) | — | |
| Merchandise inventories | ($1.1m) | ($5.3m) | ($6.1m) | $21.3m | $2.4m | ($14k) | ($10.7m) | — | |
| Change In Inventory | — | — | — | $21.3m | $2.4m | ($14k) | ($10.7m) | ($10.7m) | |
| Accounts payable | $1.1m | $7.8m | ($3.0m) | $5.3m | $13.8m | $568k | $86.3m | $83.6m | |
| Accounts payable - related parties | — | $27k | $81k | ($119k) | $300k | $2.4m | ($2.7m) | $83.6m | |
| Other payables and other current liabilities | $165k | ($304k) | $2.4m | ($1.6m) | $1.1m | ($282k) | $1.2m | — | |
| Accrued interest expense | — | — | $39k | — | — | $100k | $63k | — | |
| Accrued capital expenditures | — | — | $2.8m | $935k | $929k | $992k | $314k | — | |
| Deferred revenue | $363k | ($351k) | ($70k) | $50k | $35k | $8.0m | $1.3m | — | |
| Prepaid expenses and other current assets | ($2.9m) | ($1.1m) | ($6.9m) | $5.6m | $949k | ($10.8m) | ($340k) | — | |
| Change In Other Current Liabilities | — | — | — | ($2.2m) | ($2.0m) | ($2.3m) | ($2.5m) | ($2.5m) | |
| Net Cash Provided by (Used in) Operating Activities | ($7.6m) |
($3.4m)
+55.86%
|
($12.3m)
-263.59%
|
($25.7m)
-109.64%
|
$1.9m
+107.43%
|
($599k)
-131.32%
|
($10.3m)
-1619.96%
|
($10.3m)
0.00%
|
|
| Cash flows from investing activities: | |||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $1.3m | $436k | ($36k) | ($330k) | $713k | $178k | $2.4m | ($3.9m) | |
| Payments to Acquire Property, Plant, and Equipment | $528k | $144k | $2.8m | $935k | $929k | $992k | ($314k) | ($314k) | |
| Gain (Loss) on Sale of Investments | — | — | — | — | $191k | — | — | — | |
| Net Other Investing Changes | — | — | — | $189k | $399k | $9k | $24k | $24k | |
| Net cash (used in) provided by investing activities | ($3.3m) | $1.8m | ($2.9m) | ($743k) | $2.7m | ($964k) | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($3.3m) | $1.8m | ($2.9m) | ($743k) | $2.7m | ($964k) | $6.1m | $6.1m | |
| Cash flows from financing activities: | |||||||||
| Proceeds from short-term borrowings | $260.9m | $424.2m | $282.2m | $78.8m | $1.4m | $5.8m | $19.4m | — | |
| Repayments of short-term borrowings | ($233.3m) | ($415.8m) | ($302.5m) | ($55.5m) | ($2.1m) | ($1.4m) | ($24.2m) | — | |
| Proceeds from long-term borrowings | — | $2.8m | $16.6m | $2.2m | — | — | $14.0m | — | |
| Repayments of long-term borrowings | ($11.4m) | ($1.5m) | ($1.2m) | ($9.8m) | ($4.2m) | ($204k) | ($7.8m) | — | |
| Proceeds from (repayments of) related parties borrowings | $2.5m | $858k | ($129k) | $104k | ($229k) | ($15k) | $3.4m | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | $2.2m | — | — | $14.0m | $14.0m | |
| Issuance Of Debt | — | — | — | $81.0m | $1.4m | $5.8m | $33.4m | $14.0m | |
| Long Term Debt Issuance | — | — | — | $2.2m | $0 | $0 | $14.0m | $14.0m | |
| Net Issuance Payments Of Debt | — | — | — | $15.5m | ($5.3m) | $4.0m | $1.3m | $1.3m | |
| Net Long Term Debt Issuance | — | — | — | ($7.8m) | ($4.6m) | ($381k) | $6.1m | $6.1m | |
| Net Short Term Debt Issuance | — | — | — | $23.3m | ($692k) | $4.3m | ($4.8m) | ($4.8m) | |
| Short Term Debt Issuance | — | — | — | $78.8m | $1.4m | $5.8m | $19.4m | $19.4m | |
| Repayments of Long-term Debt | — | — | $1.2m | — | $4.2m | $204k | $7.8m | ($7.9m) | |
| Long Term Debt Payments | — | — | — | ($10.0m) | ($4.6m) | ($381k) | ($7.9m) | ($7.9m) | |
| Repayment Of Debt | — | — | — | ($65.5m) | ($6.7m) | ($1.8m) | ($32.2m) | ($7.9m) | |
| Short Term Debt Payments | — | — | — | ($55.5m) | ($2.1m) | ($1.4m) | ($24.2m) | ($24.2m) | |
| Issuance Of Capital Stock | — | — | — | $0 | $3.7m | $29k | $0 | $0 | |
| Common Stock Issuance | — | — | — | $0 | $3.7m | $29k | $0 | $0 | |
| Common Stock Dividend Paid | — | — | — | — | $0 | $0 | ($531k) | ($531k) | |
| Cash Dividends Paid | — | — | — | — | $0 | $0 | ($531k) | ($531k) | |
| Dividends paid | — | — | — | — | — | — | $1 | ($531k) | |
| Payments of Dividends | — | — | — | — | — | — | $1 | ($531k) | |
| Net Other Financing Charges | — | — | — | ($2.7m) | ($229k) | ($15k) | $3.5m | $3.5m | |
| Net Cash Provided by (Used in) Financing Activities | $16.2m |
$11.1m
-31.55%
|
$18.3m
+65.76%
|
$12.7m
-30.45%
|
($1.8m)
-113.98%
|
$4.0m
+322.74%
|
$4.2m
+6.93%
|
$4.2m
0.00%
|
|
| Net increase (decrease) in cash | $5.3m | $8.9m | $1.3m | ($16.5m) | $709k | $2.3m | ($2.7m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $1.3m | ($16.5m) | $709k | $2.3m | ($2.7m) | $2.1m | |
| Cash at beginning of year | $7.5m | $16.4m | $17.7m | $1.8m | $2.5m | $4.8m | $2.1m | — | |
| Beginning Cash Position | — | — | — | $18.3m | $1.8m | $2.5m | $4.8m | $4.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($2.8m) | ($2.1m) | ($61k) | ($2.7m) | ($2.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $17.7m | $1.8m | $2.5m | $4.8m | $2.1m | $2.1m | |
| Effect of exchange rate fluctuation on cash | $85k | ($607k) | ($1.9m) | ($2.8m) | ($2.1m) | ($61k) | ($2.7m) | — | |
| Effect Of Exchange Rate Changes | — | — | — | ($2.8m) | ($2.1m) | ($61k) | ($2.7m) | ($2.7m) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | $6.4m | $824k | — | — | — | — | |
| Income Tax Expense (Benefit) | — | — | $2.2m | $714k | $457k | ($1.9m) | $3.1m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | $1.7m | $2.0m | — | |
| Operating Lease, Expense | — | — | — | — | $2.0m | $2.6m | $2.8m | — | |
| Operating lease liabilities | ($1.0m) | ($1.4m) | ($944k) | ($1.8m) | ($1.7m) | ($2.0m) | ($2.5m) | — | |
| Right of use assets obtained in exchange for operating lease liabilities | $2.4m | $352k | $1.3m | $542k | $3.1m | — | $4.7m | — | |
| Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement | — | — | $27k | — | — | — | $233k | — | |
| Additional Financial Items | |||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | ($3k) | $3.1m | ($440k) | $364k | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | $662k | ($282k) | $413k | $14k | $89k | — | |
| Operating Costs and Expenses | — | — | $189.4m | $140.3m | $172.3m | $186.2m | $345.1m | — | |
| Operating Expenses | — | — | $222.1m | $168.9m | $189.9m | $205.4m | $370.0m | — | |
| Proceeds from Contributed Capital | — | — | $1.8m | $23 | — | — | $160k | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | $6.0m | — | — | — | |
| Loss (gain) from unrealized foreign currency translation | ($424k) | $127k | ($662k) | $282k | ($413k) | ($14k) | — | — | |
| Provision for (reversal of) credit losses | $603k | $609k | ($279k) | $3.5m | ($2.0m) | ($220k) | $915k | — | |
| Change in fair value of warrants liabilities | — | — | ($369k) | ($140k) | ($109k) | $2.1m | ($1.4m) | — | |
| Compensation receivable for consumption tax | — | — | — | ($23.2m) | $11.3m | $696k | — | — | |
| Long term prepaid expenses and other non-current assets | ($265k) | ($766k) | ($4.6m) | $2.2m | $316k | $502k | $465k | — | |
| Taxes payable | $304k | $602k | ($1.4m) | $17.3m | ($7.0m) | ($8.9m) | $819k | — | |
| Other non-current liabilities | $144k | $92k | $1.2m | ($419k) | ($239k) | ($291k) | $5k | — | |
| Collection of amount due from related parties | — | $858k | ($129k) | $189k | $399k | $9k | — | — | |
| Capital contribution | — | $1.4m | $1.8m | $23 | — | — | $160k | — | |
| Payments made to related parties | $2.5m | $858k | ($129k) | $104k | ($229k) | ($15k) | — | — | |
| Repayment of obligations under finance leases | ($140k) | ($333k) | ($408k) | ($194k) | ($421k) | ($177k) | ($166k) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | $12.7m | ($1.8m) | $4.0m | $4.2m | $4.2m | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($743k) | $2.7m | ($964k) | $6.1m | $6.1m | |
| Change In Account Payable | — | — | — | $5.2m | $14.1m | $2.9m | $83.6m | $83.6m | |
| Change In Income Tax Payable | — | — | — | $17.3m | ($7.0m) | ($8.9m) | $819k | $819k | |
| Change In Other Working Capital | — | — | — | $50k | $35k | $8.0m | $1.3m | $1.3m | |
| Change In Payable | — | — | — | $20.8m | $8.2m | ($6.3m) | $85.6m | $83.6m | |
| Change In Prepaid Assets | — | — | — | $7.8m | $1.3m | ($10.3m) | $125k | $125k | |
| Change In Tax Payable | — | — | — | $17.3m | ($7.0m) | ($8.9m) | $819k | $819k | |
| Changes In Cash | — | — | — | ($13.7m) | $2.8m | $2.4m | $41k | $41k | |
| End Cash Position | — | — | — | $1.8m | $2.5m | $4.8m | $2.1m | $2.1m | |
| Financing Cash Flow | — | — | — | $12.7m |
($1.8m)
-113.98%
|
$4.0m
+322.74%
|
$4.2m
+6.93%
|
$4.2m
0.00%
|
|
| Free Cash Flow | — | — | — | ($26.7m) | $983k | ($1.6m) | ($10.6m) | ($10.6m) | |
| Gain Loss On Investment Securities | — | — | — | ($140k) | ($109k) | $2.1m | ($1.4m) | ($1.4m) | |
| Gain Loss On Sale Of Business | — | — | — | $0 | ($191k) | $0 | $0 | $0 | |
| Gain Loss On Sale Of PPE | — | — | — | $330k | ($713k) | ($178k) | ($2.4m) | ($2.4m) | |
| Investing Cash Flow | — | — | — | ($743k) | $2.7m | ($964k) | $6.1m | $6.1m | |
| Net Business Purchase And Sale | — | — | — | $0 | $140k | ($20k) | $0 | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | $282k | ($413k) | ($14k) | ($89k) | ($89k) | |
| Net PPE Purchase And Sale | — | — | — | ($932k) | $2.2m | ($953k) | $6.7m | $6.7m | |
| Operating Gains Losses | — | — | — | $458k | ($1.4m) | $1.9m | ($3.9m) | ($3.9m) | |
| Other Non Cash Items | — | — | $39k | — | — | $100k | $134k | — | |
| Provisionand Write Offof Assets | — | — | — | $3.5m | ($2.0m) | ($220k) | $915k | $915k | |
| Purchase Of Business | — | — | — | $0 | ($172k) | ($20k) | $0 | $0 | |
| Purchase Of PPE | — | — | — | ($935k) | ($929k) | ($992k) | ($314k) | ($314k) | |
| Sale Of PPE | — | — | — | $3k | $3.1m | $39k | $7.0m | $7.0m | |
| Gain from unrealized foreign currency translation | ($424k) | $127k | ($662k) | $282k | ($413k) | ($14k) | ($89k) | — | |
| Net used in provided by (used in) operating activities | ($7.6m) | ($3.4m) | ($12.3m) | ($25.7m) | $1.9m | ($599k) | ($10.3m) | — | |
| Repayments of loans to related parties | — | — | — | — | $399k | $9k | $24k | — | |
| Net Investment Purchase And Sale | — | — | — | — | $0 | $0 | ($602k) | ($602k) | |
| Purchase Of Investment | — | — | — | — | $0 | $0 | ($602k) | ($602k) | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | ($16.5m) | $709k | $2.3m | ($2.7m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.1m | $666k | $779k | $1.1m | $798k | $1.1m | $1.6m | — | |
| Income Taxes Paid, Net | $2.6m | $2.9m | $3.7m | $434k | $880k | $4.2m | $873k | — |