Tokyo Lifestyle Co., Ltd. Strengthens Capital Structure Through Cash Investment and Debt-to-Equity Conversion

Tokyo, Japan, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Tokyo Lifestyle Co., Ltd. (“Tokyo Lifestyle” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, collectible cards, trendy toys as well as other products in Hong Kong, Japan, North America, Thailand, Vietnam, the United Kingdom and Australia, today announced that on September 10, 2026, its board of directors (the “Board”) approved two equity transactions designed to strengthen the Company’s capital structure. The transactions include a direct cash investment by the Company’s Representative Director and the conversion of outstanding shareholder-related debt into equity. Both issuances are scheduled to close on September 29, 2026.

Pursuant to a cash subscription agreement (the “Cash Subscription Agreement”) entered into between Tokyo Lifestyle and Mr. Kanayama, the Company’s Representative Director and Director (Principal Executive Officer), on September 10, 2026, Mr. Kanayama has agreed to subscribe for 1,396,755 Ordinary Shares of the Company (the “Ordinary Shares”) for an aggregate cash consideration of JPY58,838,000 (approximately US$0.38 million). Payment for the cash subscription (the “Cash Subscription”) is scheduled for September 29, 2026.