Tokyo, Japan, March 02, 2026 — Tokyo Lifestyle Co., Ltd. (“Tokyo Lifestyle” or the “Company”) (Nasdaq: TKLF), a wholesaler and retailer of Japanese beauty and health items, sundry goods, luxury products, electronics, collectible cards, trendy toys, and other merchandise across Hong Kong, Japan, North America, Thailand, Vietnam, the United Kingdom, and Australia, announced today that its Representative Director and Principal Executive Officer, Mr. Mei Kanayama, has signed a five-year loan agreement valued at HKD 7.5 million (approximately US$0.96 million) with its wholly-owned Hong Kong subsidiary, Tokyo Lifestyle Limited (“TLS”). The agreement, signed on February 19, 2026, is designed to support TLS’s working capital and operational requirements.
In accordance with the Loan Agreement, Mr. Mei Kanayama will provide the loan funds to TLS on February 28, 2026. The loan term extends from February 1, 2026, to January 31, 2031. Both parties have established a mutually agreed-upon repayment schedule, with interest payments due annually until the principal and any accrued interest are fully settled. The final repayment will cover any outstanding principal and remaining interest in a lump sum. The annual interest rate is set at 4.35%, which is advantageous compared to current commercial lending rates in the prevailing high-interest environment.
The retail sector in Hong Kong is experiencing a steady recovery. A recent report from Deloitte China forecasts an 8% year-on-year increase in Hong Kong’s retail sales for 2026, reaching HK$410 billion (approximately US$52.41 billion), following a significant rebound in the second half of 2025. The pharmaceutical and cosmetics sector is expected to drive a portion of this growth, with a projected increase of 11%.
Given this positive context, TLS expects that the capital injection from Mr. Mei Kanayama will replenish its operating funds. This financial support is intended to facilitate the continued execution of strategic initiatives and expansion plans, thereby strengthening its market presence and sales network, which includes markets in Macau and Mainland China.
Mr. Mei Kanayama stated: “As a key shareholder and executive at Tokyo Lifestyle, I am dedicated not only to managing the Company’s day-to-day operations but also to proving my commitment to TLS’s sustained growth through tangible actions. This loan to TLS demonstrates my confidence in the Company’s future outlook, business model, and financial standing.
“With macroeconomic conditions improving and local markets recovering, TLS is well-positioned for further growth due to its strong operational capabilities and extensive retail network. As the external environment becomes more favorable, we anticipate a gradual rise in spending by local consumers and returning tourists. This trend is further bolstered by a strengthening Renminbi, which could boost sales of beauty and health products. Amid these favorable macroeconomic winds, TLS is poised to achieve sustainable growth and continued expansion.
“While the retail sector may feel the benefits of macroeconomic improvements gradually, it is vital to prepare in advance, particularly regarding capital. This preparation enables TLS to capitalize on market opportunities and align with broader market momentum through strategic marketing and effective execution.
“Additionally, TLS’s initiatives to enhance omnichannel integration, optimize its store network, and improve the overall shopping experience require consistent and stable financial backing to ensure ongoing progress and long-term competitiveness.
“I believe this personal funding will reinforce TLS’s financial position and support its capacity to pursue strategic initiatives and seize potential opportunities as market conditions change. This commitment highlights my belief in TLS’s fundamentals and potential for long-term growth, and I look forward to reaching new milestones with our team.”
About Tokyo Lifestyle Co., Ltd.
Headquartered in Tokyo, Japan, Tokyo Lifestyle Co., Ltd. (formerly known as Yoshitsu Co., Ltd) serves as a retailer and wholesaler of Japanese beauty and health products, sundry items, luxury goods, electronics, collectible cards, trendy toys, and other products in Hong Kong, Japan, North America, Thailand, Vietnam, the United Kingdom, and Australia. The Company’s offerings include beauty products (such as cosmetics, skincare, fragrance, and body care), health products (including over-the-counter drugs, nutritional supplements, and medical supplies), sundry products (comprising home goods), collectible cards and trendy toys (like Pokémon cards and BE@RBRICK), and other items (including food and alcoholic beverages). The Company currently distributes its products through directly-operated physical stores, online platforms, and to franchise and wholesale customers. For further details, please visit the Company’s website at .
Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements under Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections regarding future events and financial trends, involving known and unknown risks and uncertainties that could affect the Company’s financial condition, operational results, business strategy, and financial needs. Investors can identify these statements by terms such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or similar phrases. The Company assumes no obligation to update these forward-looking statements except as required by law. While the Company believes these expectations are reasonable, it cannot guarantee their accuracy and cautions that actual results may differ materially from anticipated results, advising investors to review other factors in the Company’s SEC filings.
For more information, please contact:
Tokyo Lifestyle Co., Ltd.
Investor Relations Department
Email:
Ascent Investor Relations LLC
Tina Xiao
President
Phone: 1-646-932-7242
Email:
