TKLF Tokyo Lifestyle Company Ltd

Tokyo Lifestyle Co., Ltd. (“Tokyo Lifestyle” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, as well as other products in Hong Kong, Japan, North America and the United Kingdom, today announced that it has been honored with a Gold Globee® Winner in the “Company of the Year - Consumer Products or Services” category at the 14th Annual 2024 Globee® Awards for Business (International). See the official website of the Globee® Awards for Business (International) at https://globeeawards.com/business-awards/winners/ for details.

The Globee® Awards for Business (International) is a prestigious recognition program celebrating the achievements of individuals, innovative products, organizations, and exceptional digital promotions and communications across every industry worldwide. This global platform honors excellence and innovation, showcasing success stories from diverse sectors and regions, and highlighting contributions that drive progress and inspire others around the globe.

Mr. Mei Kanayama, Principal Executive Officer of Tokyo Lifestyle, commented, “We are thrilled and honored to receive this award, which, we believe, signifies extensive recognition from the market and industry for our robust growth strategies and operational excellence. This milestone reflects our meticulous strategic planning, adaptable growth initiatives, sustainable performance, and the unwavering loyalty of our customers. Despite the challenges of a volatile market environment, we are committed to relying on these cornerstones to navigate headwinds and achieve continuous growth, earning widespread international recognition. Looking ahead, we remain committed to delivering innovative, high-quality products and exceptional services while expanding our offerings to reach more customers in the global retail industry.”

About the Globee® Awards

The Globee® Awards were formed to honor organizations of all types and sizes from around the world for their achievements in various business and technology-related categories. The awards were created to provide a platform for recognizing and promoting excellence in industries and sectors that are shaping the future of business. The Globee® Awards presents recognition in ten programs and competitions. For more information on the Globee® Awards, visit https://globeeawards.com.

About Tokyo Lifestyle Co., Ltd.

Headquartered in Tokyo, Japan, Tokyo Lifestyle Co., Ltd. (formerly known as Yoshitsu Co., Ltd) is a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, and other products in Hong Kong, Japan, North America, and the United Kingdom. The Company offers various beauty products (including cosmetics, skincare, 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 https://www.ystbek.co.jp/irlibrary/.

Forward-Looking Statements

Certain statements 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. 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:

Tokyo Lifestyle Co., Ltd.Investor Relations DepartmentEmail: ir@ystbek.co.jp

Ascent Investor Relations LLCTina XiaoPresidentPhone: +1-646-932-7242Email: investors@ascent-ir.com