Gathering Momentum for its Global Expansion
Tokyo, Japan, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, as well as other products in Hong Kong, mainland China, Japan, North America, and the United Kingdom, is proud to announce that on January 30, 2024, Hudson Bay Capital Management LP ("Hudson Bay") and seven other institutional investors have become new beneficial owners of the American Depositary Shares ("ADSs") of the Company. The Company believes that the joining of the institutional shareholders demonstrates the Company's strengthened capital forces for market expansion around the world.
The Company's previously announced successful completion of the follow-on equity offering (the "Offering") has empowered it as the first Nasdaq listed Japanese company to complete a follow-on offering after its initial public offering. Notably, following the Offering, the Company believes that it has been endorsed by Hudson Bay, a global investment management firm, along with seven other institutional investors. Hudson Bay, the 2023 HFM U.S. Performance Award winner, manages approximately $9.7 billion assets, with a remarkable growth rate of 116.27% in Assest Under Management (AUM) since December 2021.
Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, "It's a momentous occasion for us to be the first Nasdaq listed Japanese firm to undertake a follow-on equity offering. Over the years, we've been committed to expanding our market footprints globally, showcasing to the world the essence of the Japanese lifestyle with our high-quality homegrown Japanese products. We expect the successful Offering and the powerful partners on board to inject strong impetus into our market expansion in the U.S. market, pushing us forward in our journey of sustainable development. We appreciate the trust and support of our investors. In particular, we've been greatly encouraged by the recognition from the reputable Hudson Bay and other institutional investors. In response to their support, we plan to continue our steps in executing our global vision and fostering new driving forces for our long-term business growth."
About Yoshitsu Co., Ltd
Headquartered in Tokyo, Japan, Yoshitsu Co., Ltd is a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, as well as other products in Hong Kong, mainland China, Japan, North America, and the United Kingdom. The Company offers various beauty products (including cosmetics, skincare, fragrance, and body care products), health products (including over-the-counter drugs, nutritional supplements, and medical supplies and devices), sundry products (including home goods), luxury products (including branded watches, perfume, handbags, clothes, and jewelry), electronic products (including entertainment gaming products), and other products (including food and alcoholic beverages). The Company currently sells its products through directly-operated physical stores, through online stores, and to franchise stores and wholesale customers. For more information, please visit the Company's website at
Forward-Looking Statements
Certain statements in this press release are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date they are made and involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will,""expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressionsThe Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. In addition, there is uncertainty about the further spread of the COVID-19 virus, or the occurrence of another wave of cases, and the impact it may have on the Company's operations, the demand for the Company's products, global supply chains, and economic activity in general. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors not to put undue reliance on forward-looking statements since actual results may differ materially from the anticipated results, and encourages investors to review other factors that may affect its future results, including the risk factors discussed in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission, available on the SEC's website at www.sec.gov.
For more information, please contact:
Yoshitsu Co., Ltd
Investor Relations Department
Email: ir@ystbek.co.jp
Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
爲其全球擴張增勢頭
日本東京,2024年2月5日(GLOBE NEWSWIRE)——在香港、中國大陸、日本、北美和英國銷售日本美容和健康產品、雜貨、奢侈品、電子產品以及其他產品的零售商和批發商耀司有限公司(“Yoshitsu” 或 “公司”)(納斯達克股票代碼:TKLF)將於1月自豪地宣佈 2024年30日,哈德遜灣資本管理有限責任公司(“哈德遜灣”)和其他七家機構投資者已成爲該公司美國存托股份(“ADS”)的新受益所有人。公司認爲,機構股東的加入表明公司爲全球市場擴張而增強了資本力量。
該公司此前宣佈成功完成後續股票發行(“發行”),這使其成爲第一家在納斯達克上市的日本公司,在首次公開募股後完成後續發行。值得注意的是,在本次發行之後,該公司認爲已得到全球投資管理公司哈德遜灣以及其他七家機構投資者的認可。哈德遜灣是2023年HFM美國績效獎得主,管理着約97億美元的資產,自2021年12月以來,管理的資產(AUM)的顯著增長率爲116.27%。
Yoshitsu首席執行官金山梅先生評論說:“對於我們成爲第一家進行後續股票發行的納斯達克上市日本公司來說,這是一個重要時刻。多年來,我們一直致力於在全球範圍內擴大我們的市場足跡,用我們高質量的本土日本產品向世界展示日本生活方式的精髓。我們預計,此次成功的發行和強大的合作伙伴將爲我們在美國市場的擴張注入強勁動力,推動我們在可持續發展的道路上向前邁進。我們感謝投資者的信任和支持。特別是,信譽良好的哈德遜灣和其他機構投資者的認可使我們深受鼓舞。爲了回應他們的支持,我們計劃繼續採取措施執行我們的全球願景,爲我們的長期業務增長培育新的推動力。”
株式會社耀司簡介
Yoshitsu Co., Ltd. 總部位於日本東京,是日本美容和健康產品、雜貨、奢侈品、電子產品以及其他產品的零售和批發商,業務遍及香港、中國大陸、日本、北美和英國。該公司提供各種美容產品(包括化妝品、護膚品、香水和身體護理產品)、健康產品(包括非處方藥、營養補充劑和醫療用品和設備)、雜項產品(包括家居用品)、奢侈品(包括品牌手錶、香水、手袋、衣服和珠寶)、電子產品(包括娛樂遊戲產品)和其他產品(包括食品和酒精飲料)。該公司目前通過直營實體店、在線商店以及特許經營商店和批發客戶銷售其產品。欲了解更多信息,請訪問該公司的網站
前瞻性陳述
本新聞稿中的某些陳述是前瞻性陳述,符合經修訂的1934年《證券交易法》第21E條的定義以及1995年《美國私人證券訴訟改革法》的定義。這些前瞻性陳述僅代表其發表之日,涉及已知和未知的風險和不確定性,基於當前對未來事件和財務趨勢的預期和預測,公司認爲這些預期和預測可能會影響其財務狀況、經營業績、業務戰略和財務需求。投資者可以通過諸如 “可能”、“將”、“期望”、“預期”、“目標”、“估計”、“打算”、“計劃”、“相信”、“潛在”、“繼續”、“是/很可能” 等詞語或短語來識別這些前瞻性陳述。公司沒有義務更新前瞻性陳述以反映隨後發生的事件或情況或預期的變化,除非可能是法律所要求的。此外,COVID-19 病毒的進一步傳播或另一波病例的發生以及它可能對公司運營、對公司產品的需求、全球供應鏈和總體經濟活動產生的影響尚不確定。儘管公司認爲這些前瞻性陳述中表達的預期是合理的,但它無法向您保證此類預期是正確的,公司提醒投資者不要過分依賴前瞻性陳述,因爲實際業績可能與預期業績存在重大差異,並鼓勵投資者審查可能影響其未來業績的其他因素,包括公司註冊聲明及其向美國證券提交的其他文件中討論的風險因素交易委員會,可在美國證券交易委員會的網站上查閱 www.sec.gov。
欲了解更多信息,請聯繫:
株式會社吉津
投資者關係部
電子郵件:ir@ystbek.co.jp
Ascent 投資者關係有限責任公司
蒂娜肖
主席
電話:+1-646-932-7242
電子郵件:investors@ascent-ir.com