Franchise Stores & Wholesale Customers was Tokyo Lifestyle’s largest product and service line in fiscal 2026, bringing in $346.75M of $373.22M (93%).
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|
| Franchise Stores & Wholesale Customers | $137.42M | $170.02M | $185.52M | $346.75M | |||
| Beauty Products | — | — | — | — | |||
| Health Products | — | — | — | — | |||
| Sundry Products | — | — | — | — | |||
| Directly-Operated Physical Stores | — | $14.95M | $17.11M | $19.79M | |||
| Directly- Operated Physical Stores Member] | $11.61M | — | — | — | |||
| Directly- Operated Physical Stores | — | — | — | — | |||
| Online Stores & Services | $20.70M | $10.71M | $7.49M | $6.69M | |||
| Other Products & Service | — | — | — | — | |||
| Other Products | — | — | — | — | |||
| Total | $169.72M | $195.68M | $210.12M | $373.22M |
Tokyo Lifestyle brought in $373.22M from its three product and service lines in fiscal 2026, the year ended March 31, 2026. That was up 77.6% from $210.12M in fiscal 2025. Franchise Stores & Wholesale Customers was the largest at $346.75M (92.9%), ahead of Directly-Operated Physical Stores at $19.79M (5.3%) and Online Stores & Services at $6.69M (1.8%).
Compared with fiscal 2025, Franchise Stores & Wholesale Customers grew 86.9% to $346.75M and Directly-Operated Physical Stores grew 15.7% to $19.79M.
Tokyo Lifestyle began breaking out Directly-Operated Physical Stores in fiscal 2024, when it brought in $14.95M. Tokyo Lifestyle stopped reporting Directly- Operated Physical Stores Member] as a separate line after fiscal 2023, when it brought in $11.61M.
Third Parties was Tokyo Lifestyle’s largest revenue line in fiscal 2026, bringing in $373.22M of $373.23M (100%).
| Related and Nonrelated Parties | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|
| Third Parties | $168.88M | $189.67M | $202.28M | $373.22M | |
| Dinnerbank | $642.02K | $5.99M | $7.84M | $2.88K | |
| Related Party | $847.99K | — | $7.84M | $4.70K | |
| Shintai Co., Ltd | $113.56K | — | — | — | |
| Palpito | $87.20K | $14.77K | — | — | |
| Tokushin G.K.[Member] | $4.95K | — | — | — | |
| Takuetsu Kokusai Co., Ltd | $259 | — | — | $1.82K | |
| Total | $170.57M | $195.68M | $217.96M | $373.23M |
Tokyo Lifestyle brought in $373.23M from its four revenue lines in fiscal 2026, the year ended March 31, 2026. Tokyo Lifestyle regrouped these revenue lines after fiscal 2025, so the total does not compare directly with that year's $217.96M. Third Parties was the largest at $373.22M (100.0%), ahead of Related Party at $4.70K (0.0%) and Dinnerbank at $2.88K (0.0%). The remaining revenue line, Takuetsu Kokusai Co., Ltd, brought in $1.82K.
Tokyo Lifestyle stopped reporting Shintai Co., Ltd ($113.56K in fiscal 2023), Palpito ($14.77K in fiscal 2024) and Tokushin G.K.[Member] ($4.95K in fiscal 2023) as separate revenue lines.
China Market was Tokyo Lifestyle’s largest region in fiscal 2021, bringing in $173.92M of $224.76M (77%).
| Geography | FY 2020 | FY 2021 |
|---|---|---|
| China Market | $77.28M | $173.92M |
| Japan Domestic Market | $55.59M | $42.73M |
| Other Overseas Markets | $6.71M | $8.11M |
| Total | $139.57M | $224.76M |
Tokyo Lifestyle brought in $224.76M from its three regions in fiscal 2021, the year ended March 31, 2021. That was up 61.0% from $139.57M in fiscal 2020. China Market was the largest at $173.92M (77.4%), ahead of Japan Domestic Market at $42.73M (19.0%) and Other Overseas Markets at $8.11M (3.6%).
Compared with fiscal 2020, China Market grew fastest, up 125.1% to $173.92M, while Japan Domestic Market fell the most, down 23.1% to $42.73M.
Tokyo Lifestyle (TKLF) reports its revenue by product and service, by related and nonrelated parties and by geography. In fiscal 2026, Franchise Stores & Wholesale Customers was its largest product and service line, bringing in $346.75M (92.9% of the total), followed by Directly-Operated Physical Stores at $19.79M (5.3%).
Franchise Stores & Wholesale Customers was Tokyo Lifestyle's largest product and service line in fiscal 2026, bringing in $346.75M, or 92.9% of the $373.22M total across its three product and service lines.
Third Parties was Tokyo Lifestyle's largest revenue line in fiscal 2026, bringing in $373.22M, or 100.0% of the $373.23M total across its four revenue lines.
China Market was Tokyo Lifestyle's largest region in fiscal 2021, bringing in $173.92M, or 77.4% of the $224.76M total across its three regions.
Franchise Stores & Wholesale Customers grew faster than Directly-Operated Physical Stores in fiscal 2026, up 86.9% from $185.52M to $346.75M. Directly-Operated Physical Stores grew 15.7% to $19.79M.
Every figure comes from Tokyo Lifestyle's annual financial filings, as reported. Each line keeps the name Tokyo Lifestyle gives it, and years follow its fiscal calendar.
Tokyo Lifestyle's revenue by product and service goes back to fiscal 2020, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.