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Yoshiharu Announces New Executives and Board Appointments
Globenewswire· 2025-06-12 20:00
Ji-Won Kim to Serve as Sole Chief Executive Officer Seasoned Public Accountants John Oh, New Chief Financial Officer, and Young-Soo Choi, New Independent Director, to Lead Comprehensive Strategic Initiatives BUENA PARK, Calif., June 12, 2025 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ: YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen & rolls, today announced as part of an executive reorganization, the Board of Directors has appointed Ji-Won Kim to ser ...
Yoshiharu Partners with Good Mood Studio and Wealthrail to Enter U.S. Real Estate Market
Globenewswire· 2025-05-27 12:31
Real Estate Development and Digital Asset Ventures to Accelerate Future Growth BUENA PARK, Calif., May 27, 2025 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ: YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen & rolls, today announced its entry into the U.S. real estate market with partners Good Mood Studio and Wealthrail, aiming to build on its traditional ramen business by securing new engines of growth. Yoshiharu has signed a strategic Memorandum of Un ...
Yoshiharu (YOSH) - 2025 Q1 - Quarterly Report
2025-05-15 18:27
Washington, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION (State or other jurisdiction of incorporation or organization) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File Number: 001-41494 YOSHIHARU GLOBAL CO. (Exact name of Re ...
Yoshiharu Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-05 22:50
First Quarter 2025 Revenues Increase 25% to $3.5 Million Cash Balance Increases 59% to $3.0 Million Secured Financing Commitments of $3.56 Million and Converted $2.5 Million in Debt to Equity Regains Compliance with NASDAQ Stockholders’ Equity Requirement BUENA PARK, Calif., May 05, 2025 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ: YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen & rolls, today reported results for the first quarter ended March 31, 2 ...
Yoshiharu (YOSH) - 2025 Q1 - Quarterly Results
2025-05-06 20:52
Revenue Growth - Fourth Quarter 2024 revenues increased by 47% to $3.7 million compared to $2.5 million in the prior year period[11] - Full Year 2024 revenues rose by 39.3% to $12.8 million from $9.2 million in the previous year[14] - Total revenue for 2024 reached $12,839,137, a significant increase of 39.5% compared to $9,214,779 in 2023[25] Profitability and Loss - Net income for the fourth quarter reached $0.5 million, a significant increase from $8,597 in the prior year[12] - Operating loss improved to $(2.6) million for the full year, compared to a loss of $(3.5) million in the prior year[16] - The net loss for 2024 was $2,665,869, a reduction from the net loss of $3,040,364 in 2023, indicating an improvement of 12.3%[25] - Basic and diluted loss per share decreased to $1.98 in 2024 from $2.29 in 2023, showing a 13.5% improvement[25] Operating Expenses - Total restaurant operating expenses for the fourth quarter were $2.6 million, up from $2.3 million in the prior year, reflecting the impact of new restaurant openings[11] - Total restaurant operating expenses increased to $11,322,662 in 2024, up from $8,850,385 in 2023, representing a rise of 27.5%[25] Cash Flow and Financial Position - Cash balance as of December 31, 2024, was $1.2 million, down from $1.5 million a year earlier[17] - Cash provided by operating activities was $875,224 in 2024, a turnaround from cash used of $(4,591,656) in 2023[27] - Cash at the end of the period decreased to $1,241,036 in 2024 from $1,462,326 in 2023, reflecting a decrease of 15.1%[27] - Interest paid during the year increased to $443,487 in 2024 from $218,153 in 2023, a rise of 103.5%[27] Expansion Plans - The company opened two new restaurants in Menifee and San Clemente, bringing the total number of locations to 15, with one additional location under development[6] - The company plans to open 2-3 new locations in Southern California and expand internationally to cities like Paris, London, and South Korea[6] - The company anticipates initiating franchise sales in 2025 as part of its growth strategy[6] Strategic Acquisitions - The company acquired LV entities for $1,800,000 in 2024, indicating a strategic expansion[27] Shareholder Information - The weighted average number of common shares outstanding increased to 1,345,756 in 2024 from 1,329,022 in 2023, an increase of 1.3%[25] - Financing commitments of $3.56 million were secured, and $2.5 million in debt was converted to equity, aiding compliance with Nasdaq's stockholders' equity requirement[3]
Yoshiharu Provides Corporate Update and Fourth Quarter and Full Year 2024 Financial Results
Newsfilter· 2025-04-02 12:31
Regains Compliance with NASDAQ Stockholders' Equity Requirement Fourth Quarter 2024 Revenues Increase 47% to $3.7 Million Fourth Quarter Net Income Increase to $0.5 Million Full Year 2024 Revenues Increase 39% to $12.8 Million Two New Restaurants Bring the Number of Locations to 15 with 1 Additional Location Under Development BUENA PARK, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ:YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen ...
Yoshiharu Regains Compliance with NASDAQ Stockholders’ Equity Requirement
Globenewswire· 2025-03-31 20:00
BUENA PARK, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ: YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen & rolls, today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the minimum stockholders' equity requirement under Nasdaq Listing Rule 5550(b)(1). The Company's security will con ...
Yoshiharu Regains Compliance with NASDAQ Stockholders' Equity Requirement
Newsfilter· 2025-03-31 20:00
For more information, please visit www.yoshiharuramen.com. Forward Looking Statements This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements regarding our position to execute on our growth strategy, and our ability to expand our leadership position. These forward-looking statements include, but are not limited to, the Company's beliefs, plans, goals, objectives, expectations, assump ...
Yoshiharu (YOSH) - 2024 Q4 - Annual Report
2025-03-27 00:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-41494 YOSHIHARU GLOBAL CO. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...
Yoshiharu Announces Financing Agreements Increasing Stockholders' Equity Above the $2.5 Million Threshold Required for Continued Listing on Nasdaq
Newsfilter· 2025-03-26 12:31
Conversion of Existing $2.5 Million in Debt to Equity and Additional Financing Commitments of $1.65 Million Strengthens Balance Sheet and Lowers Near-Term Cash Needs BUENA PARK, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ:YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen & rolls, today announced that it entered into additional financing commitments with certain investors for $1.65 million and, as a result of such financing transa ...