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ValueScreener company report

Tokyo Lifestyle Co., Ltd. (TKLF)

NASDAQ / Consumer Defensive / Household & Personal Products

Share price

1.56 USD Market dataClose of Oct 15, 2026

Market capitalisation

658.2K USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Jul 10, 2026
Ratios computed
Oct 15, 2026
Filed years
7, FY2020 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

0.5% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

0.92x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

n/m Computed

FY2026 accounts, priced at the latest close

Why n/m

Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.

Read cash generation

Revenue and net income, by fiscal year

FY2019 Revenue: 96.5M USDFY2019 Net income: 3.2M USDFY2020 Revenue: 139.6M USDFY2020 Net income: 4.9M USDFY2021 Revenue: 224.8M USDFY2021 Net income: 5.0M USDFY2022 Revenue: 234.8M USDFY2022 Net income: 3.9M USDFY2023 Revenue: 169.7M USDFY2023 Net income: -8.0M USDFY2024 Revenue: 195.7M USDFY2024 Net income: 7.5M USDFY2025 Revenue: 210.1M USDFY2025 Net income: 6.6M USDFY2026 Revenue: 373.2M USDFY2026 Net income: 716.7K USD
Revenue Net income8 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
2 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 0.92x at the close of 2026-10-15 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits below the lowest.

Today, against the Consumer Defensive sector (135 companies), 0.92x sits at the 4th percentile; the middle half of that group runs from 13.84x to 33.63x.

Is it good

Return on invested capital was 0.5% in FY2026, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Consumer Defensive sector (102 companies), 0.5% sits at the 18th percentile; the middle half of that group runs from 2.7% to 14.1%.

Is it safe

Interest coverage was 1.62x in FY2026, in the band labelled "Speculative grade" (1.50x to 3.00x), on lines anchored on Damodaran's interest-coverage table.

Year by year against peers
Whether Tokyo Lifestyle Co., Ltd.'s return on equity stayed above the median of the Consumer Defensive sector, year by year. (FY2024 to FY2026, 3 fiscal years of Tokyo Lifestyle Co., Ltd. with a comparable figure)
The direction
Which way Tokyo Lifestyle Co., Ltd.'s free cash flow margin has moved, and how steadily. (FY2019 to FY2026, 8 filed years of Tokyo Lifestyle Co., Ltd.)
What could explain it
What in Tokyo Lifestyle Co., Ltd.'s filed statements could explain the movements. (9 readings drawn from the statement lines Tokyo Lifestyle Co., Ltd. filed)
What to check next
What to check next on Tokyo Lifestyle Co., Ltd., and where in its filings. (9 questions for Tokyo Lifestyle Co., Ltd.)
In one paragraph
One paragraph on Tokyo Lifestyle Co., Ltd.'s returns, cash, balance sheet and price. (14 of sixteen figures read for Tokyo Lifestyle Co., Ltd.)

These are TKLF’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research TKLFPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 20-F, filed Jul 10, 2026, accession 0001213900-26-077137.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Tokyo Lifestyle Co., Ltd: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax0.5% ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Return on equity1.8% ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Return on capital employed, pre-tax4.9% ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Return on assets0.3% ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Operating margin0.9% ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Net margin0.2% ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
TKLF 0.2%
TANH -80.9%MTEX -14.1%AXIL 8.8%DSY -1272.1%UG 20.0%
-1272.1%20.0%
Net margin: TKLF against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Tokyo Lifestyle Co., Ltd: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity1.75 ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Current ratio1.30 ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Quick ratio1.22 ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Interest coverage1.62x ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Altman Z-score2.07 ComputedClose of Oct 15, 2026 · FY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Net debt69.8M ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Total assets 233.6MTotal liabilities 192.5MShareholders' equity 41.1MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Tokyo Lifestyle Co., Ltd owned and owed at the end of fiscal 2026, from the balance sheet it filed (20-F, filed Jul 10, 2026, 0001213900-26-077137).

Tokyo Lifestyle Co., Ltd: balance sheet position
Total assets233.6M FiledFY2026 20-F, filed Jul 10, 2026
Total liabilities192.5M FiledFY2026 20-F, filed Jul 10, 2026
Shareholders' equity41.1M FiledFY2026 20-F, filed Jul 10, 2026
Cash2.1M FiledFY2026 20-F, filed Jul 10, 2026
Total debt71.9M FiledFY2026 20-F, filed Jul 10, 2026
Net debt69.8M
Current ratio1.30
Debt to equity1.75

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Tokyo Lifestyle Co., Ltd: what the market charges, each with its source
FigureValue, source and document
Price to earnings0.92x ComputedClose of Oct 15, 2026 · FY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
P/E on trailing twelve months
Why n/a

A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book0.02x ComputedClose of Oct 15, 2026 · FY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Price to sales
Why n/a

A stored zero the filing does not prove, withheld rather than published as if it were a measurement.

n/a ComputedClose of Oct 15, 2026 · FY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Enterprise value to EBIT21.86x ComputedClose of Oct 15, 2026 · FY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Enterprise value to EBITDA16.11x ComputedClose of Oct 15, 2026 · FY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Diluted earnings per share
Why n/a

The FY2026 filing carries no diluted earnings per share we could read.

n/a FiledFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Graham number
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137

We publish no fair value or price target of our own. Value TKLF on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Tokyo Lifestyle Co., Ltd today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Tokyo Lifestyle Co., Ltd: valuation
Share price1.56 USD
Market capitalisation658.2K USD
Enterprise value to EBITDA16.11x
Graham numbern/a
Diluted earnings per share, FY2019n/a

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like Tokyo Lifestyle Co., Ltd

  1. Tantech Holdings Ltd (TANH)Market cap 8.6M USD
  2. Mannatech, Incorporated (MTEX)Market cap 13.8M USD
  3. AXIL Brands, Inc. (AXIL)Market cap 37.5M USD
  4. Big Tree Cloud Holdings Limited (DSY)Market cap 15.7M USD
  5. United-Guardian, Inc. (UG)Market cap 31.5M USD

Same industry (Household & Personal Products) and size band (Nano, under 50M), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Tokyo Lifestyle Co., Ltd: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield
Why n/m

Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.

n/m ComputedClose of Oct 15, 2026 · FY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Free cash flow-10.6M USD ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Free cash flow margin-2.8% ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Dividend yield
Why n/a

No common dividend is on file for the year before, so one payment is not shown to be a run rate.

n/a ComputedClose of Oct 15, 2026 · FY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Payout ratio74.1% ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
FY2019 Free cash flow: -18.0M USDFY2019 Net income: 3.2M USDFY2020 Free cash flow: -11.1M USDFY2020 Net income: 4.9M USDFY2021 Free cash flow: -6.2M USDFY2021 Net income: 5.0M USDFY2022 Free cash flow: -10.0M USDFY2022 Net income: 3.9M USDFY2023 Free cash flow: -26.7M USDFY2023 Net income: -8.0M USDFY2024 Free cash flow: 982.6K USDFY2024 Net income: 7.5M USDFY2025 Free cash flow: -1.6M USDFY2025 Net income: 6.6M USDFY2026 Free cash flow: -10.6M USDFY2026 Net income: 716.7K USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Tokyo Lifestyle Co., Ltd.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
0.92xFY2026Oct 15, 2026
0.02xFY2026Oct 15, 2026
21.86xFY2026Oct 15, 2026
n/mFY2026Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
0.5%FY2026Jul 10, 2026
n/aFY2026Oct 15, 2026
n/a No common dividend is on file for the year before, so one payment is not shown to be a run rate.
1.75FY2026Jul 10, 2026
1.30FY2026Jul 10, 2026
n/aFY2026Oct 15, 2026
n/a A stored zero the filing does not prove, withheld rather than published as if it were a measurement.
n/aFY2026Oct 15, 2026
n/a The filed income statement reports no earnings per share.
2.07FY2026Oct 15, 2026
-1.67FY2026Jul 10, 2026
2/9FY2026Jul 10, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 7 filed fiscal years on record, FY2020 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

8 fiscal years, FY2019 to FY2026. 7 read from the annual reports Tokyo Lifestyle Co., Ltd filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

Tokyo Lifestyle Co., Ltd: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2026373.2M3.2M716.7Kn/a-10.6M0.9%1.8%20-F, Jul 10, 20260001213900-26-077137
FY2025210.1M4.7M6.6Mn/a-1.6M2.3%15.4%20-F, Jul 10, 20250001213900-25-062769
FY2024195.7M5.8M7.5Mn/a982.6K3.0%20.8%20-F, Jul 16, 20240001213900-24-061842
FY2023169.7M823.8K-8.0Mn/a-26.7M0.5%-27.5%20-F, Jul 31, 20230001213900-23-061340
FY2022234.8M7.3M3.9Mn/a-10.0M3.1%8.8%20-F, Aug 15, 20220001213900-22-048050
FY2021224.8M-72.7K5.0Mn/a-6.2M-0.0%24.4%20-F, Aug 15, 20220001213900-22-048050
FY2020139.6M9.4M4.9Mn/a-11.1Mn/an/a20-F, Aug 15, 20220001213900-22-048050
FY201996.5M7.2M3.2M1.20-18.0M7.5%29.8%Market data, supplied Oct 15, 2026accession n/a
  • Revenue, compound annual growth FY2019 to FY2026: 21.3%
  • Earnings, compound annual growth FY2019 to FY2026: -19.3%
  • Earnings per share: Fewer than two filed years carry earnings per share.
  • Free cash flow: Free cash flow was not positive in both 2019 and 2026, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Tokyo Lifestyle Co., Ltd: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-1.67 ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Piotroski F-score2/9 ComputedFY2026 20-F, filed Jul 10, 2026, 0001213900-26-077137
Named tests met2 of 30 Computed
Beta0.98 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 2 met, 24 not met, 4 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman)
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Cash-covered dividend; Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC
Not measured
Gross margin, turnover (Robert Novy-Marx); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(10)
  • Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
  • Dividend Yield: No common dividend is on file for the year before, so one payment is not shown to be a run rate.
  • Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
  • Price To Ncav: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.
  • P/S Ratio: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 10 figures could not be read on this company, among them Positive Earnings Streak, PEG Ratio, Eps Growth 5Y. Each blank in the table above names the rest, with its reason. 4 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 7 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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