Half Year 2025 Tokyo Lifestyle Co Ltd Earnings Call
Operator: in the UK and Canada and forming a joint voucher to develop the trending car retail business. These strategy initiatives reflect our efforts to further strengthen our global business presence and in-house brand recognition worldwide. We remain focused on strategic priorities, strengthening our current market footprint, closely monitoring market trends and customer preferences, improving operational efficiency and profitability, optimizing our distribution network and commercial outlets.
And forming a joint venture to develop the trend in car retail business.
This strategy initiatives reflect our efforts to further strengthen our global business presents and in House Grant brand recognition worldwide.
We remain focused on our strategic priorities strengthening our current market footprint closely monitoring.
Monitoring market trends and customer preferences, improving operational efficiency and profitability.
Optimizing our distribution network and commercial all of that.
Operator: and exploring new partnership opportunities. We are confident that these efforts will contribute to a bright future and deliver greater value for our company and shareholders.
And exploring new partnership opportunities.
We are confident that these efforts will contribute to a bright future and deliver greater value for our company and shareholders.
Operator: Now I'd like to share our financial results highlights for the first six months of fiscal year 2025. Our total revenue is increased by 32.1% from $74.2 million to $98 million for the six-month ended September 30, 2024. During the period, our directly operated store and online sales channels contributed $11 million in revenue. Despite challenging market conditions, notably revenue from franchise stores and wholesale customers grew by 53.8% to $86.9 million. Meanwhile, the number of wholesale customers and franchises increased by 30. from 171 as of March 31, 2024 to 201 as of September 30, 2024. This growth results from our continuous efforts to expand product offering with the total stock keeping units rising from approximately 141,500 to 165,200 during the period.
Speaker Change: Now I'd like to share our financial results highlights for the first six months of fiscal year 'twenty 'twenty five.
Speaker Change: Our total revenue is increased by 32.1% from 17 $4.2 million to $98 million for the six months ended September 30, 'twenty 'twenty four.
Speaker Change: During the period, our directly operated store and online sales channels contributed $11 million in revenue.
Speaker Change: But challenge despite challenging market conditions, no typically revenue from franchise stores and wholesale costumers girl by 53.8 present to 86.9 million dollar.
Speaker Change: Meanwhile, the member of wholesale costumers and franchise this increased by 30.
Speaker Change: From 171 as of March 31st 2024 to 201 as of September 32024 days.
Speaker Change: This growth results from our continuous efforts to expand the product offering with a total stock keeping units rising from a proxy mentally 141500 to 165200 during the period.
Operator: In addition, the increase was also due to the increased revenue generated from franchise stores, which previously was recognized under physical stores as mentioned above. as well as the increased revenue from the new wholesale customers because we continue to develop our customer base by entering into business relationships with new wholesale customers during the six months ended September 30, 2024.
Speaker Change: In addition, the increase was also due to the increased revenue generated from franchise stars, which previously was recognized on their physical stores as Michelle ball.
Speaker Change: As well as the increased revenue from the new wholesale customers because we continue to develop our costumer base by entire range of business relationship with new wholesale costumers. During the six months ended September 30, 20 tiny for it.
Operator: Thanks to our robust and flexible strategies, income from operations significantly by 867.8% to $3.2 million during the six-month ended September 30, 2024. Gross profit was $12.1 million for the sixth month ended September 30, 2024, increased by 28.4% from $9.5 million for the same period of last year. Operating expenses down by 2.2% to $8.9 million, reflecting our cost control measures, even as we increase the headcount to support rapid expansion.
Thanks to our robust and flexible strategies income from operations significantly by eight 867.8 present to a $3.2 million. During the six months ended September 30, 'twenty 'twenty four.
Speaker Change: <unk> was 20 point $12.1 million for the six months ended September 30, 'twenty 'twenty four increased by 28.4 present from $9.5 million for the same period of last year.
Speaker Change: Operating expenses down by two point to present, two $8.9 million, reflecting our cost control measures, even as we increase the headcount to support rapid expansion.
Operator: Net income decreased by 31.6% to $1.3 million, mainly due to increased loss from foreign currency exchange as well as change in fair value of warrant liability. Basic and diluted earnings per share were $0.03 compared to $0.05 for the same period of last year. As of September 30, 2024, the company had cash of $3.1 million and $104.3 million accounts receivable balance due from third parties. Approximately 28.3% of balance has been subsequently collected. The collection of such receivable made cash available for use in our operational as working capital if necessary. As of September 30, 2024, the company's merchandise inventories balance amounted to approximately $7.4 million dollars, which the company believes can be sold quickly based on analysis of the current trend in demand for our products.
Speaker Change: Net income decreased by 31 point fixed presented to $1.3 million, mainly due to increased Lewis from foreign currency exchange as well as change in fair value of warrant liabilities.
Speaker Change: Basic and diluted earnings per share was 0.0 $3 compared to 0.0 $5 for the same periods of last year.
Speaker Change: As of September 30, 2024, the company had cash of $3.1 million and $104.3 million accounts receivable balance due from third parties.
Speaker Change: Approximately 28.3 present off balance has been subsequently collected.
The collection of such receivable made cash available for use in our operational as working capital if necessary.
Speaker Change: As of September 30, 'twenty 'twenty four the companys merchandise inventories balance amounted to a proxy mentally $724 million, which the company believes can be sold quickly based on the analyses of the current trend in demand for our product.
Speaker Change: Yes.
Operator: For the six-month ended September 30, 2024, net cash used in operating activities was $2 million. Net cash used in investing activities was $0.6 million. Net cash provided by financing activities was $2.5 million.
Speaker Change: For the six months ended September 30, 2024, net cash using operating activities was $2 million net cash used in investing activities was zero point $6 million net cash provided by financing activities was $2 $5 million.
Operator: Looking ahead, we remain committed to enhancing financial performance through robust business strategies, disciplined cost management, and strategic investments.
Speaker Change: Looking ahead, we remain committed to enhance enhancing financial performance drove a Boston business strategist disciplined cost management and the strategic investments, we will remain focused on identifying new revenue streams and conquer.
Operator: We will remain focused on identifying new revenue streams and are confident that these efforts will drive sustainable long-term values for our shareholders.
And that this efforts will drive sustainable long term values for our shareholders.
Operator: Thank you so much for joining this conference call today. If you have any questions, please contact us through email at IR at YSTBK.co.jp or reach our IR Council Ascent Investor Relations at investors at ascent-ir.com. Management will respond to your question as soon as possible.
Speaker Change: Thank you so much for joining this conference call today, if you have any questions. Please contact us through emails at I R. At Y S. T. B K adult stay O J P. I'll reach our IR counsel sent Investor relations at investors at a sense Dush IR dot.
Speaker Change: Com management will respond to your question as soon as possible. We appreciate your interest and support in Tokyo lifestyle and look forward to speaking with you again next time. Thank you.
Operator: We appreciate your interest and support in Tokyo Lifestyle and look forward to speaking with you again next time. Thank you.
Operator: Thank you again for attending Tokyo Lifestyle's first six months of fiscal year 2025 earnings conference call. This concludes our call today and we thank you all for listening in.
Speaker Change: Thank you again for attending and who hear Lifestyle's first six months of fiscal year 'twenty 25 earnings conference call.
Speaker Change: This concludes our call today and we thank you all for listening.
Operator: Goodbye and have a wonderful day.
Speaker Change: Goodbye and have a wonderful day.
Speaker Change: [music].