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Yoshitsu Co., Ltd to Expand Product Portfolio With a Food Product Segment
Yoshitsu Co., Ltd to Expand Product Portfolio With a Food Product Segment
Tokyo, Japan, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, and other products in Japan, today announced that it plans to expand its product portfolio with a diverse food product segment that it expects will enable it to achieve higher sales volume to increase the Company's profitability.
As previously disclosed in a press release dated November 23, 2022, the Company planned to explore offering sauces, dressings, and condiments in its stores in Japan by the end of 2022. In addition to the previous plan, the Company now also intends to increase its product categories by adding food product offerings. The Company plans to offer a wide variety of food products made in Japan in its Nishi Kawaguchi store in Kawaguchi City in January 2023, which food products will include various condiments, frozen and refrigerated items, processed food, and confectionery items.
The food market in Japan has shown growth potential, according to Statista, a German online statistics platform specializing in market and consumer data. Statista projects that the revenue from the food market in Japan will amount to US$687.60 billion in 2023 and is expected to grow at a compound annual growth rate, or CAGR, of 1.24% from 2023 to 2027. The revenue from the food market in Japan, per person, is projected to amount to US$5,500 in 2023, according to Statista.
Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, "We are thrilled to launch our new food product segment. This new business line will complement our sauce, dressing, and condiment products, and give our customers another way to enjoy our products. We will continue expanding our product offerings, navigating the market's growth potential, and executing our development strategy. We are confident that our new business line will bring additional value to the Company and are looking forward to sharing our wide variety of foods with our dedicated customers."
About Yoshitsu Co., Ltd
Headquartered in Tokyo, Japan, Yoshitsu Co., Ltd is a retailer and wholesaler of Japanese beauty and health products, sundry products, and other products in Japan. The Company offers various beauty products (including cosmetics, skin care, fragrance, and body care products), health products (including over-the-counter drugs, nutritional supplements, and medical supplies and devices), sundry products (including home goods), 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
All statements other than statements of historical fact 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 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 expressions. The 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 that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
Yoshitsu Co., Ltd
Investor Relations Department
Email: ir@ystbek.co.jp
Ascent Investors Relations LLC
Tina Xiao
President
Email: tina.xiao@ascent-ir.com
Phone: +1-917-609-0333
Tokyo, Japan, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, and other products in Japan, today announced that it plans to expand its product portfolio with a diverse food product segment that it expects will enable it to achieve higher sales volume to increase the Company's profitability.
日本东京,2023年1月4日(环球社)--吉信株式会社(以下简称“吉通”或“公司”)(纳斯达克股票代码:TKLF),一家在日本经营日本美容保健品、杂货及其他产品的零售商和批发商,今天宣布计划以多样化的食品细分市场扩大其产品组合,预计这将使其实现更高的销售额,从而增加公司的盈利能力。
As previously disclosed in a press release dated November 23, 2022, the Company planned to explore offering sauces, dressings, and condiments in its stores in Japan by the end of 2022. In addition to the previous plan, the Company now also intends to increase its product categories by adding food product offerings. The Company plans to offer a wide variety of food products made in Japan in its Nishi Kawaguchi store in Kawaguchi City in January 2023, which food products will include various condiments, frozen and refrigerated items, processed food, and confectionery items.
正如此前在一份日期为2022年11月23日的新闻稿中披露的那样,该公司计划在2022年底之前探索在其日本门店提供酱料、调味料和调味品。除了之前的计划外,该公司现在还打算通过增加食品供应来增加其产品类别。该公司计划于2023年1月在其位于川口市的Nishi Kawaguchi门店提供各种日本制造的食品,其中包括各种调味品、冷冻和冷藏产品、加工食品和糖果产品。
The food market in Japan has shown growth potential, according to Statista, a German online statistics platform specializing in market and consumer data. Statista projects that the revenue from the food market in Japan will amount to US$687.60 billion in 2023 and is expected to grow at a compound annual growth rate, or CAGR, of 1.24% from 2023 to 2027. The revenue from the food market in Japan, per person, is projected to amount to US$5,500 in 2023, according to Statista.
根据德国在线统计平台Statista的数据,日本的食品市场显示出增长潜力。Statista是一家专门研究市场和消费者数据的德国在线统计平台。Statista预计,2023年日本食品市场的收入将达到6876亿美元,预计2023年至2027年的复合年增长率将达到1.24%。根据Statista的数据,2023年,来自日本食品市场的人均收入预计将达到5500美元。
Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, "We are thrilled to launch our new food product segment. This new business line will complement our sauce, dressing, and condiment products, and give our customers another way to enjoy our products. We will continue expanding our product offerings, navigating the market's growth potential, and executing our development strategy. We are confident that our new business line will bring additional value to the Company and are looking forward to sharing our wide variety of foods with our dedicated customers."
Yoshitsu首席执行官金山美先生表示:“我们很高兴能够推出我们的新食品细分市场。这一新的业务线将补充我们的酱料、调味料和调味品产品,并为我们的客户提供另一种享受我们产品的方式。我们将继续扩大我们的产品供应,引导市场的增长潜力,并执行我们的发展战略。我们有信心我们的新业务线将为公司带来额外的价值,并期待着与我们的忠实客户分享我们种类繁多的食品。”
About Yoshitsu Co., Ltd
关于吉信上海中兴实业股份有限公司
Headquartered in Tokyo, Japan, Yoshitsu Co., Ltd is a retailer and wholesaler of Japanese beauty and health products, sundry products, and other products in Japan. The Company offers various beauty products (including cosmetics, skin care, fragrance, and body care products), health products (including over-the-counter drugs, nutritional supplements, and medical supplies and devices), sundry products (including home goods), 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
吉信株式会社总部设在日本东京,是一家日本美容保健品、杂货和其他产品在日本的零售商和批发商。该公司提供各种美容产品(包括化妆品、护肤、香水和身体护理产品)、保健品(包括非处方药、营养补充剂和医疗用品和设备)、杂货产品(包括家居用品)和其他产品(包括食品和酒精饮料)。该公司目前通过直营实体店、在线商店、特许经营商店和批发客户销售其产品。欲了解更多信息,请访问公司网站
Forward-Looking Statements
前瞻性陈述
All statements other than statements of historical fact 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 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 expressions. The 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 that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission.
本新闻稿中除历史事实陈述外的所有陈述均为前瞻性陈述,符合修订后的1934年证券交易法第21E节的含义,并符合1995年美国私人证券诉讼改革法的定义。这些前瞻性陈述涉及已知和未知的风险和不确定性,基于对公司认为可能影响其财务状况、经营结果、业务战略和财务需求的未来事件和财务趋势的当前预期和预测。投资者可以通过“可能”、“将会”、“预期”、“预期”、“目标”、“估计”、“打算”、“计划”、“相信”、“潜在”、“继续”、“很可能”或其他类似的表达方式来识别这些前瞻性陈述。除非法律要求,否则公司没有义务更新前瞻性陈述,以反映随后发生的事件或情况,或其预期的变化。此外,新冠肺炎病毒的进一步传播或另一波病例的发生及其可能对公司运营、对公司产品的需求、全球供应链和总体经济活动的影响存在不确定性。尽管公司相信这些前瞻性陈述中表达的预期是合理的,但它不能向您保证这些预期将被证明是正确的,公司告诫投资者实际结果可能与预期结果大不相同,并鼓励投资者在公司的注册声明和提交给美国证券交易委员会.
For more information, please contact:
如需更多信息,请联系:
Yoshitsu Co., Ltd
Investor Relations Department
Email: ir@ystbek.co.jp
吉信上海中兴实业股份有限公司
投资者关系部
电子邮件:ir@ystbek.co.jp
Ascent Investors Relations LLC
Tina Xiao
President
Email: tina.xiao@ascent-ir.com
Phone: +1-917-609-0333
Ascend Investors Relationship LLC
蒂娜·肖
总裁
电子邮件:tina.xiao@ascent-ir.com
电话:+1-917-609-0333
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