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TKLF

Tokyo Lifestyle Co., Ltd.
CIK 0001836242 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
85.4
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2026-03-31 ยท TRIGGERED100.0

Restatement predictor

F-Score 6.58 โ€” misstatement risk 6.6x the base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-07-10) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 6.585,
  "probability": 0.02436,
  "components": {
    "rsst": 0.0563,
    "drec": 0.4063,
    "dinv": 0.0514,
    "soft": 0.9808,
    "dcs": 0.3978,
    "droa": -0.039,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1836242/000121390026077137/0001213900-26-077137-index.htm",
    "form": "20-F",
    "filed": "2026-07-10"
  }
}
P-01 ยท FY 2026-03-31 ยท ELEVATED51.8

Earnings quality

Beneish M-Score -1.78 in the elevated zone
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-07-10) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.784,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.98,
    "GMI": 1,
    "AQI": 0.666,
    "SGI": 1.776,
    "DEPI": 0.399,
    "SGAI": 0.73,
    "LVGI": 1.126,
    "TATA": 0.047
  },
  "defaulted_to_neutral": [
    "GMI"
  ],
  "sloan_accruals": 0.0563,
  "inputs": {
    "revenue_t": 373223819,
    "revenue_t1": 210119238,
    "total_assets_t": 233635755,
    "net_income_t": 716730,
    "cfo_t": -10298059
  },
  "stale": false,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1836242/000121390026077137/0001213900-26-077137-index.htm",
    "form": "20-F",
    "filed": "2026-07-10"
  }
}
P-05 ยท FY 2026-03-31 ยท ELEVATED38.9

Tax arbitrage

ETR 82.7% vs 21% statutory โ€” gap persistent across 2 of 3 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-07-10) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2026-03-31": 0.8265,
    "2025-03-31": -0.396,
    "2024-03-31": 0.0576
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2026-03-31": -0.6165,
    "2025-03-31": 0.606,
    "2024-03-31": 0.1524
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1836242/000121390026077137/0001213900-26-077137-index.htm",
    "form": "20-F",
    "filed": "2026-07-10"
  }
}
P-13 ยท FY 2024-03-31 ยท CLEAN0.0

Zombie / distress

[FY2024 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage 3.59x โ€” servicing debt from operations
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-07-10) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2026-03-31": null,
    "2025-03-31": null,
    "2024-03-31": 3.586,
    "2023-03-31": 0.34
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 2.442,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 5777882,
    "interest_expense_t": 1611141
  },
  "stale": true,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1836242/000121390026077137/0001213900-26-077137-index.htm",
    "form": "20-F",
    "filed": "2026-07-10"
  }
}