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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.
日本東京,2023年1月4日(環球社)--吉信株式會社(以下簡稱“吉通”或“公司”)(納斯達克股票代碼:TKLF),一家在日本經營日本美容保健品、雜貨及其他產品的零售商和批發商,今天宣佈計劃以多樣化的食品細分市場擴大其產品組合,預計這將使其實現更高的銷售額,從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為2022年11月23日的新聞稿中披露的那樣,該公司計劃在2022年底之前探索在其日本門店提供醬料、調味料和調味品。除了之前的計劃外,該公司現在還打算通過增加食品供應來增加其產品類別。該公司計劃於2023年1月在其位於川口市的Nishi Kawaguchi門店提供各種日本製造的食品,其中包括各種調味品、冷凍和冷藏產品、加工食品和糖果產品。
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.
根據德國在線統計平臺Statista的數據,日本的食品市場顯示出增長潛力。Statista是一家專門研究市場和消費者數據的德國在線統計平臺。Statista預計,2023年日本食品市場的收入將達到6876億美元,預計2023年至2027年的複合年增長率將達到1.24%。根據Statista的數據,2023年,來自日本食品市場的人均收入預計將達到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首席執行官金山美先生表示:“我們很高興能夠推出我們的新食品細分市場。這一新的業務線將補充我們的醬料、調味料和調味品產品,併為我們的客户提供另一種享受我們產品的方式。我們將繼續擴大我們的產品供應,引導市場的增長潛力,並執行我們的發展戰略。我們有信心我們的新業務線將為公司帶來額外的價值,並期待着與我們的忠實客户分享我們種類繁多的食品。”
About Yoshitsu Co., Ltd
關於吉信上海中興實業股份有限公司
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
吉信株式會社總部設在日本東京,是一家日本美容保健品、雜貨和其他產品在日本的零售商和批發商。該公司提供各種美容產品(包括化粧品、護膚、香水和身體護理產品)、保健品(包括非處方藥、營養補充劑和醫療用品和設備)、雜貨產品(包括家居用品)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、特許經營商店和批發客户銷售其產品。欲瞭解更多信息,請訪問公司網站
Forward-Looking Statements
前瞻性陳述
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.
本新聞稿中除歷史事實陳述外的所有陳述均為前瞻性陳述,符合修訂後的1934年證券交易法第21E節的含義,並符合1995年美國私人證券訴訟改革法的定義。這些前瞻性陳述涉及已知和未知的風險和不確定性,基於對公司認為可能影響其財務狀況、經營結果、業務戰略和財務需求的未來事件和財務趨勢的當前預期和預測。投資者可以通過“可能”、“將會”、“預期”、“預期”、“目標”、“估計”、“打算”、“計劃”、“相信”、“潛在”、“繼續”、“很可能”或其他類似的表達方式來識別這些前瞻性陳述。除非法律要求,否則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,或其預期的變化。此外,新冠肺炎病毒的進一步傳播或另一波病例的發生及其可能對公司運營、對公司產品的需求、全球供應鏈和總體經濟活動的影響存在不確定性。儘管公司相信這些前瞻性陳述中表達的預期是合理的,但它不能向您保證這些預期將被證明是正確的,公司告誡投資者實際結果可能與預期結果大不相同,並鼓勵投資者在公司的註冊聲明和提交給美國證券交易委員會.
For more information, please contact:
如需更多信息,請聯繫:
Yoshitsu Co., Ltd
Investor Relations Department
Email: ir@ystbek.co.jp
吉信上海中興實業股份有限公司
投資者關係部
電子郵件: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
總裁
電子郵件:tina.xiao@ascent-ir.com
電話:+1-917-609-0333
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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