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Tokyo Lifestyle Co., Ltd. (TKLF) stock

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NASDAQ: TKLF Nasdaq Other Specialty Retail

C+ Fundamentals grade

Tokyo Lifestyle Co., Ltd. is a US-listed company in the other specialty retail industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: valuation models disagree too widely to rate.

Price vs value

Under review: valuation models disagree too widely to rate. We'll show the comparison once resolved.

Tokyo Lifestyle Co., Ltd. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling7 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds0 adding, 3 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Tokyo Lifestyle files

Where Tokyo Lifestyle Co. stands after its latest Filing

Revenue for the twelve months was $373m, up 77.6% on a year earlier, faster than the 7.4% growth a quarter earlier. That growth ranks 1 of 35 among the other specialty retail companies we cover. Free-cash-flow margin rose to -2.8% from -4.3% a year earlier. Operating margin narrowed to 0.9% from 3.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 7 financial-health checks.

Our model value for Tokyo Lifestyle is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Tokyo Lifestyle Co., Ltd.'s trailing-twelve-month revenue grew 77.6% year on year, with a free-cash-flow margin of -2.8%. Where it stands out: revenue growth of 77.6% ranks 1 of 35 other specialty retail companies we cover. Where it lags: days sales outstanding of 183 days ranks 20 of 20 other specialty retail companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 567.1% while net income fell 89.2%: a 478pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 77.6% over the last 12 months, against a median of 4.0% for other specialty retail companies we cover.
  • Growth speeding up. The growth rate is 70.2 points higher than a quarter earlier.

Things to watch

  • Burning cash. Free cash flow was -2.8% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 64% and a beta of 0.9 against the S&P 500.
  • Weak cash conversion. Free cash flow was -1481% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 183 days ranks 20 of 20 other specialty retail companies we cover (median 13 days).

Price chart

  • 1 day-7.3%
  • 1 week+0.7%
  • 1 month-7.3%
  • This year-54.7%
  • 1 year-57.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$373M
Operating margin
0.9%
Net margin
0.2%
EPS (TTM, diluted)
$0.17

Growth

Revenue growth
+77.6%
Change in growth rate
+70.2 pts
Share count change
+0.2%

Cash

Free cash flow (TTM)
-$10.6M
FCF margin
-2.8%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for TKLF from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Tokyo Lifestyle Co., Ltd. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Tokyo Lifestyle Co., Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 9.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.05 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$1.7 ~$1.6–$3.7 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$6.0 ~$4.0–$9.3 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$4.9 ~$4.2–$5.7 Included
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$66 ~$50–$85 Left out: out of range vs price (47.34x)
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Tokyo Lifestyle Co., Ltd. with Other Specialty Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20222023202420252026
Share price$21.20$9.80$2.48$3.34$2.13
Market value$69m$36m$9m$14m$9m
+ Net debt (− = net cash)$45m$72m$58m$60m$62m
Enterprise value$114m$108m$67m$74m$71m
Multiples
Price / sales 0.3x0.2x0.0x0.1x0.0x
Price / earnings 17.7x—1.2x2.1x12.6x
Price / free cash flow ——9.4x——
EV / EBITDA 13.4x52.4x9.6x13.1x16.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Tokyo Lifestyle Co., Ltd.: too few analysts cover it.

Positioning

Short interest
8.1%
of tradable shares
Days to cover
11.57
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
69.3%
of shares
Employees
160
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 2023202420252026 to date
Return
TKLF−43%−53%−7%−55%
Industry peers (median)+3%−20%−11%−17%
S&P 500+26%+25%+18%+11%
Months that ended higher
TKLF42%33%50%27%
S&P 50067%75%75%46%
Largest fall from a high during the year
TKLF−68%−74%−44%−60%
S&P 500−10%−8%−19%−9%

Worst fall since January 18, 2022: 100% from January 19, 2022 to October 26, 2026. Getting back needed a 23632% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.38 – $3.48
From 52-week high
−60.1%
vs 50-day average
−13.4%
vs 200-day average
−35.7%
Volatility (1 year)
65%
Beta vs S&P 500
0.88

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Tokyo Lifestyle Co., Ltd. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Tokyo Lifestyle Co., Ltd.
$100M $200M $300M $400M FY20 Q4 FY22 Q4 FY24 Q4 FY26 Q4 Revenue (TTM), FY20 Q4: $139.6M Revenue (TTM), FY21 Q4: $224.8M Revenue (TTM), FY22 Q4: $234.8M Revenue (TTM), FY23 Q4: $169.7M Revenue (TTM), FY24 Q4: $195.7M Revenue (TTM), FY25 Q4: $210.1M Revenue (TTM), FY26 Q4: $373.2M $373.2M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY20 Q4 $139.6M
FY21 Q4 $224.8M
FY22 Q4 $234.8M
FY23 Q4 $169.7M
FY24 Q4 $195.7M
FY25 Q4 $210.1M
FY26 Q4 $373.2M
Revenue growth, TTM YoY Tokyo Lifestyle Co., Ltd.
-50% 0% 50% 100% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Revenue growth, TTM YoY, FY21 Q4: 61.0% Revenue growth, TTM YoY, FY22 Q4: 4.4% Revenue growth, TTM YoY, FY23 Q4: -27.7% Revenue growth, TTM YoY, FY24 Q4: 15.3% Revenue growth, TTM YoY, FY25 Q4: 7.4% Revenue growth, TTM YoY, FY26 Q4: 77.6% 77.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY21 Q4 61.0%
FY22 Q4 4.4%
FY23 Q4 -27.7%
FY24 Q4 15.3%
FY25 Q4 7.4%
FY26 Q4 77.6%
Operating margin (TTM) Tokyo Lifestyle Co., Ltd.
-1% 0% 1% 2% 3% 4% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Operating margin (TTM), FY21 Q4: -0.0% Operating margin (TTM), FY22 Q4: 3.1% Operating margin (TTM), FY23 Q4: 0.5% Operating margin (TTM), FY24 Q4: 3.0% Operating margin (TTM), FY25 Q4: 2.2% Operating margin (TTM), FY26 Q4: 0.9% 0.9%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY21 Q4 -0.0%
FY22 Q4 3.1%
FY23 Q4 0.5%
FY24 Q4 3.0%
FY25 Q4 2.2%
FY26 Q4 0.9%
FCF margin (TTM) Tokyo Lifestyle Co., Ltd.
-20% -15% -10% -5% 0% 5% FY20 Q4 FY22 Q4 FY24 Q4 FY26 Q4 FCF margin (TTM), FY20 Q4: -7.9% FCF margin (TTM), FY21 Q4: -2.7% FCF margin (TTM), FY22 Q4: -4.3% FCF margin (TTM), FY23 Q4: -15.7% FCF margin (TTM), FY24 Q4: 0.5% FCF margin (TTM), FY25 Q4: -0.8% FCF margin (TTM), FY26 Q4: -2.8% -2.8%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY20 Q4 -7.9%
FY21 Q4 -2.7%
FY22 Q4 -4.3%
FY23 Q4 -15.7%
FY24 Q4 0.5%
FY25 Q4 -0.8%
FY26 Q4 -2.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026
Income
Revenue 140 225 235 170 196 210 373
Gross profit — 0 0 1 — — —
EBITDA — 1 9 2 7 6 4
Operating income — −0 7 1 6 5 3
Net income 5 5 4 −8 7 7 1
Diluted EPS $1.80 $1.80 $1.20 −$2.20 $2.00 $1.60 —
Growth (year on year)
Revenue — +61.0% +4.4% −27.7% +15.3% +7.4% +77.6%
EBITDA — — — −75.9% — −19.1% −22.9%
Operating income — — — −88.7% — −18.3% −31.7%
Net income — +1.3% −20.8% — — −11.2% −89.2%
Diluted EPS — 0.0% −33.3% — — −20.0% —
Margins
Gross margin — 0.0% 0.1% 0.4% — — —
EBITDA margin — 0.2% 3.6% 1.2% 3.6% 2.7% 1.2%
Operating margin — −0.0% 3.1% 0.5% 3.0% 2.2% 0.9%
Net margin 3.5% 2.2% 1.7% −4.7% 3.8% 3.2% 0.2%
Free-cash-flow margin −7.9% −2.7% −4.3% −15.7% 0.5% −0.8% −2.8%
Cash flow
Cash from operations −8 −3 −7 −26 2 −1 −10
Capital spending 3 3 3 1 1 1 0
Free cash flow −11 −6 −10 −27 1 −2 −11
Balance sheet
Cash 9 16 18 2 3 5 2
Total debt 0 72 63 74 61 65 64
Net debt (negative = net cash) −9 56 45 72 58 60 62
Diluted shares 3m 3m 3m 4m 4m 4m 4m
Returned to shareholders
Dividends — — — — — — 1
Total returned — — — — — — 1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · March 31, 2026
What it owns · $234m
Short-term assets $219mLonger-term assets $14m
What it owes, and who funded it · $234m
Short-term liabilities $168mLonger-term liabilities $24mShareholders' equity $41m
  • Short-term assets cover short-term liabilities $219m of assets due within a year against $168m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $219m short-term assets against $24m of longer-dated liabilities.
  • More cash than debt $2m of cash against $13m of debt.
  • Debt below 40% of shareholders' equity Debt is 32% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 32% to 32% over five years.
  • A year's operating cash flow covers at least 20% of debt −$10m of operating cash flow against $13m of debt.
  • Operating profit covers interest at least five times over Operating income of $3m against $2m of interest.

From Tokyo Lifestyle Co., Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$530,957
Returned to shareholders
-5%
of free cash flow
Diluted share count
+0.2%
year over year
Total shareholder yield
9.0%
dividends 9.0% + buybacks 0.0% of market value
Dividend payout ratio
74%
of net income paid out
Sales & admin spending
6.7%
of revenue
Days sales outstanding
183 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in other specialty retail
Last 12 months unless stated TKLF BARK RENT HITI LIVE ELA Median
Revenue, last 12 months $373m $371m $367m $424m $434m $293m $1.2bn
Revenue growth, last 12 months 77.6% −21.2% 21.2% 10.5% −2.2% 47.7% 4.0%
Revenue growth, 3-year average — −10.9% 6.6% — 10.1% 14.8% 2.6%
Revenue growth, latest quarter — −23.4% 20.8% — −3.2% 3.5% 2.3%
Gross margin 0.4% 63.4% 74.7% 25.8% 33.1% 21.7% 36.5%
Operating margin 0.9% −8.6% −12.3% −2.4% 2.4% 9.6% 2.2%
Operating margin, 3-year average — −8.1% −18.3% — 0.6% 6.5% 1.5%
Net margin 0.2% −8.4% 11.8% −8.5% −0.6% 7.6% 0.8%
Cash from operations / revenue −2.8% −5.7% 0.2% 4.0% 4.9% 8.8% 5.5%
Free-cash-flow margin −2.8% −6.5% — 2.3% 3.2% 8.2% 3.0%
Free-cash-flow margin, 3-year average — −2.8% — — 2.7% 4.9% 2.7%
Stock pay / revenue — 3.7% 1.0% 0.7% 0.0% 0.0% 0.6%
Change in share count 0.2% 1.6% 18.2% 3.3% 9.7% −0.2% 0.7%

Median of all 35 companies we cover in other specialty retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 other specialty retail companies
Measure Company Peer median Rank
Revenue growth Growth 77.6% 4.0% 1 of 35
Change in growth rate Growth +70.2pp -0.2pp 1 of 35
Operating margin Profitability 0.9% 2.2% 19 of 33
Net margin Profitability 0.2% 0.8% 21 of 35
Free-cash-flow margin Cash generation -2.8% 3.1% 27 of 34
Long-term debt as % of assets Balance sheet 4.9% 14.2% 6 of 26
Change in share count Balance sheet 0.2% 0.6% 16 of 33
Days sales outstanding Balance sheet 183 days 13 days 20 of 20

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$320
Institutions reporting
3
Shares held vs prior quarter
▼ 99.7%
Positions opened / closed
0 / 2

Top buyers and sellers, Q2 2026: 0 institutions bought and 3 sold and the biggest seller Susquehanna International Group, LLP (−45K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Osaic Holdings, Inc. $278 0K 86.9% 0.0%
Rhumbline Advisers $26 0K 8.1% 0.0%
UBS Group AG $16 0K 5.0% ▼ 87.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Tokyo Lifestyle Co., Ltd.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $455,793 7 trades by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $455,793 net buying
Insider Date Trade Shares Price Value
Kanayama Mei Representative Director (PEO) September 29, 2026 Buy 1,396,755 $0.27 $382,711
Kanayama Mei Representative Director (PEO) August 25, 2026 Buy 7,000 $1.80 $12,600
Kanayama Mei Representative Director (PEO) August 24, 2026 Buy 2,800 $1.80 $5,040
Kanayama Mei Representative Director (PEO) May 11, 2026 Buy 20,010 $2.25 $45,022
Kanayama Mei Representative Director (PEO) March 27, 2026 Buy 1,300 $2.20 $2,860
Kanayama Mei Representative Director (PEO) March 26, 2026 Buy 1,500 $2.18 $3,270
Kanayama Mei Representative Director (PEO) March 25, 2026 Buy 1,950 $2.20 $4,290

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Data status

When each part of this page on Tokyo Lifestyle Co., Ltd. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Tokyo Lifestyle Co., Ltd. in brief

What does Tokyo Lifestyle Co., Ltd. do?
Tokyo Lifestyle Co., Ltd. is a US-listed company in the other specialty retail industry. Its financial year ends in March.
What is Tokyo Lifestyle Co., Ltd.'s stock ticker?
Tokyo Lifestyle Co., Ltd. trades under the ticker TKLF on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Tokyo Lifestyle Co., Ltd.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Tokyo Lifestyle Co., Ltd. reported revenue of $373M, 77.6% higher than a year earlier, according to its SEC filings.
What is Tokyo Lifestyle Co., Ltd.'s free cash flow?
Tokyo Lifestyle Co., Ltd.'s free-cash-flow margin is -2.8% of revenue over the trailing twelve months, ranking 27 of the 34 other specialty retail companies we cover.
Who are Tokyo Lifestyle Co., Ltd.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Osaic Holdings, Inc., Rhumbline Advisers and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Tokyo Lifestyle Co., Ltd.'s market cap?
On March 31, 2026, Tokyo Lifestyle Co., Ltd.'s market capitalisation was about $9M, with a price-to-earnings ratio of 12.6 and net debt of $61.5M. Market figures come from third-party market data and may be delayed.
Does Tokyo Lifestyle Co., Ltd. pay a dividend?
Yes: Tokyo Lifestyle Co., Ltd. paid $530,957 in dividends over the trailing twelve months, a dividend yield of 9.02% and a payout ratio of 74.1%.
How much debt does Tokyo Lifestyle Co., Ltd. have?
Tokyo Lifestyle Co., Ltd.'s debt-to-equity ratio is 32.4%, from its latest balance sheet (31.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Tokyo Lifestyle Co., Ltd.'s competitors?
In our Other Specialty Retail peer group, the companies closest to Tokyo Lifestyle Co., Ltd. are Bark, Inc., Rent The Runway, Inc., High Tide Inc., Live Ventures Inc and Envela Corp. The side-by-side comparison below sets their revenue, margins and growth against Tokyo Lifestyle Co., Ltd.'s.
Are insiders buying or selling Tokyo Lifestyle Co., Ltd. stock?
Over the last 12 months, Tokyo Lifestyle Co., Ltd.'s directors and officers reported 7 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.