Yoshitsu Co. Ltd. Sponsored ADR (TKLF) has released an update.
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Yoshitsu Co., Ltd. has announced an adjourned meeting of the 18th Ordinary General Meeting of Shareholders to present an updated business report, following the inability to obtain an audit report at the initial meeting. The company reported a year-on-year increase in net sales and ordinary income but a decrease in operating income for the fiscal year. Amid the post-COVID-19 recovery, Yoshitsu Co., Ltd. is focusing on improving its internal control system and restructuring its business model to enhance profitability.
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