Yoshitsu Co., Ltd

General Information
Business:

(Note: Yoshitsu filed confidentially for an IPO on Dec. 23, 2020. This is an offering of American Depositary Shares (ADS).)

Headquartered in Tokyo, we are a retailer and wholesaler of Japanese beauty and health products, as well as other products. We offer approximately 12,400 stock keeping units (“SKUs”) of beauty products, including cosmetics, skin care, fragrance, and body care, among others, 3,600 SKUs of health products, including over-the-counter (“OTC”) drugs, nutritional supplements, and medical supplies and devices, and 7,900 SKUs of other products, including lingerie, home goods, food, and alcoholic beverages.

We currently sell our products through directly operated physical stores, through online stores, and to franchise stores and wholesale customers. Leveraging our deep understanding of consumer needs and preferences, we have rapidly expanded our operations and opened three new directly-operated physical stores and 10 new online stores, added four franchise stores, and developed 29 new wholesale customers during the fiscal year ended March 31, 2020; we opened five new online stores, added a franchise store in Canada, and developed 30 new wholesale customers during the fiscal year ended March 31, 2021. As of June 30, 2021, our distribution channels consisted of (i) 10 directly-operated physical stores in Japan, (ii) 22 online stores through our websites and various e-commerce marketplaces in Japan and China, and (iii) nine franchise stores in the U.S., six franchise stores in Canada, two franchise stores in Hong Kong, one franchise store in the U.K., and approximately 116 wholesale customers in Japan and other countries, including China, the U.S., and Canada. 

Note: Revenue and net income figures are for the fiscal year that ended March 31, 2021.

Industry: Retail - Beauty & Health Products
Employees: 54
Founded: 2006
Contact Information
Address Harumi Building, 2-5-9 Kotobashi, Sumida-ku, Tokyo, 130-0022 Japan
Phone Number +81356250668
Web Address http://www.ystbek.co.jp/en/
View Prospectus: Yoshitsu Co., Ltd
Financial Information
Market Cap $180.0mil
Revenues $221.51 mil (last 12 months)
Net Income $5.52 mil (last 12 months)
IPO Profile
Symbol TBA
Exchange NASDAQ
Shares (millions): 6.0
Price range $4.00 - $6.00
Est. $ Volume $30.0 mil
Manager / Joint Managers Univest Securities, LLC
CO-Managers -
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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