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    Penny Wong

    Research Analyst at Sense Gain Capital

    Penny Wong is a Research Analyst at Sense Gain Capital, specializing in balance sheet analysis and corporate financial health. She has provided in-depth coverage of companies' financial statements, with a focus on evaluating drivers such as long-term borrowings and capital structure changes. While detailed historical performance metrics and prior firm affiliations are not publicly documented, Wong is recognized for her analytical rigor in reviewing financial disclosures and contributing to company assessments. Professional credentials such as securities licenses or industry rankings are not confirmed through available sources.

    Penny Wong's questions to Tokyo Lifestyle (TKLF) leadership

    Penny Wong's questions to Tokyo Lifestyle (TKLF) leadership • H1 2022

    Question

    Penny Wong from Sense Gain Capital reviewed the company's balance sheet and asked for the reason behind the increase in long-term borrowings.

    Answer

    CEO Mei Kanayama clarified that the JPY840 million increase in long-term borrowings was allocated to warehouse construction. She explained this strategic move consolidates several warehouses, aiming to reduce long-term costs like rent, management fees, and personnel expenses, thereby improving future gross profit.

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