Core Viewpoint - Yoshiharu Global Co. has entered into a non-binding Memorandum of Understanding with Xing Sheng Group to establish its first international restaurant location in Shenyang, China, marking a significant step in the company's global expansion strategy [1][4]. Group 1: Partnership and Location - The partnership with Xing Sheng Group allows Yoshiharu to develop a flagship restaurant within a water park currently under construction in Shenyang, which has a population of over 43 million [2]. - Shenyang is identified as a dynamic transportation and commercial hub in northeast China, providing a strategic location for the new restaurant to cater to both local residents and tourists [2]. Group 2: Growth Strategy - This new location in Shenyang is part of Yoshiharu's broader growth strategy following its recent expansion into Las Vegas, aiming to introduce the brand and its culinary offerings to new markets [3]. - The company plans to explore further collaborative opportunities with Xing Sheng Group to support its expansion across other important Chinese cities and provinces [4]. Group 3: Company Background - Yoshiharu Global Co. specializes in authentic Japanese ramen and has gained recognition as a leading ramen restaurant in Southern California since its debut in 2016, currently operating 14 restaurants [5].

Core Viewpoint - Yoshiharu Global Co. reported significant growth in revenue and operational improvements in the second quarter of 2024, driven by the acquisition of three Las Vegas restaurants and effective cost management strategies [2][3][4]. Financial Performance - Second quarter revenues increased by 50.5% to $3.3 million compared to $2.2 million in the prior year period, primarily due to the new Las Vegas restaurants [4]. - For the first six months of 2024, revenues rose by 30.9% to $6.1 million from $4.7 million in the same period last year [7]. - Restaurant-level contribution margin for the second quarter was 12.1%, remaining stable despite challenging market conditions [4]. - Total restaurant operating expenses increased to $3.1 million from $2.0 million in the prior year period, attributed to higher costs in food, labor, rent, and utilities [5]. - The operating loss improved to $0.9 million from a loss of $1.0 million in the prior year [6]. Operational Highlights - The acquisition of three Las Vegas restaurants is expected to boost annual revenues by $6 million [2]. - The company is focused on integrating the Yoshiharu brand into the Las Vegas market, leveraging a strong residential customer base [3]. - Plans are underway to open another restaurant in California, expanding the total to 14 locations [3][11]. Management Commentary - The CEO expressed optimism about achieving profitability soon, despite challenges in the food and beverage markets [3]. - The company is implementing cost-saving measures, including the addition of kiosks and cooking robots to reduce labor costs [3].

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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the fiscal year ended December 31, 2023 ☐ 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 001-41494 YOSHIHARU GLOBAL CO. (Mark One) For the transition period from __________ to ___________ (Exact name of Registrant as specified in its charter) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Delaware | 5812 | 87-3941448 | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code N ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ 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) | Delaware | 5812 | 87-394 ...

Financial Performance - Total revenue for the three months ended March 31, 2023, was $2,479,574, representing a 21.8% increase from $2,036,430 in the same period of 2022[18]. - Net loss for the three months ended March 31, 2023, was $1,144,489, compared to a net loss of $393,792 for the same period in 2022, indicating a significant increase in losses[18]. - The company reported a basic and diluted loss per share of $0.10 for the three months ended March 31, 2023, compared to a loss of $0.04 per share in the same period of 2022[18]. - Net restaurant operating income improved to $115,491 for the three months ended March 31, 2023, compared to a loss of $352,774 in the same period of 2022, marking a significant increase of $468,265[155]. - Adjusted EBITDA for the three months ended March 31, 2023, was $(721,236), compared to $(370,966) for the same period in 2022[172]. - The company experienced a net loss of $1,144,489 for the three months ended March 31, 2023, compared to a net loss of $393,792 in the same period of 2022, reflecting a deterioration of 190.6%[155]. Cash Flow and Liquidity - Cash and cash equivalents decreased to $4,214,120 as of March 31, 2023, down from $6,509,121 at the end of 2022, reflecting a decrease of 35.2%[16]. - Cash used in operating activities for the three months ended March 31, 2023, was $1,768,802, compared to $375,460 in the same period of 2022, indicating a significant increase in cash outflow[24]. - Net cash used in operating activities was $1,768,802 for Q1 2023, a significant increase from $375,460 in Q1 2022, primarily due to higher startup costs and administrative expenses[188]. - Net cash used in investing activities rose to $938,984 in Q1 2023 from $188,829 in Q1 2022, mainly for property and equipment purchases[191]. - The company raised approximately $10.3 million in net proceeds from its IPO in September 2022, which is expected to support operational and capital needs for at least the next 12 months[186][187]. Assets and Liabilities - Total current liabilities increased to $2,427,278 as of March 31, 2023, compared to $1,987,134 at the end of 2022, marking a rise of 22.1%[16]. - The company had total liabilities of $10,602,714 as of March 31, 2023, compared to $10,379,846 at the end of 2022, reflecting a slight increase of 2.1%[16]. - The accumulated deficit increased to $7,444,898 as of March 31, 2023, from $6,300,409 at the end of 2022, indicating a worsening financial position[20]. - Total assets decreased to $15,096,068 as of March 31, 2023, down from $16,017,689 at the end of 2022, a decline of 5.7%[16]. - Total contractual obligations as of March 31, 2023, amounted to $10,910,837, with significant capital lease payments due in the coming years[194]. Operating Expenses - Restaurant operating expenses for the three months ended March 31, 2023, totaled $2,364,083, slightly down from $2,389,204 in the same period of 2022[18]. - General and administrative expenses rose to approximately $1,060,453 for the three months ended March 31, 2023, an increase of 186.8% from $369,745 in the same period of 2022[164]. - Labor costs increased to $1,138,067 for the three months ended March 31, 2023, up 4.8% from $1,085,426 in the same period of 2022, while as a percentage of sales, labor costs decreased to 45.9%[159]. - Total operating expenses surged to $1,198,843 for the three months ended March 31, 2023, a 195.7% increase from $405,411 in the same period of 2022[155]. - Delivery and service fees incurred were approximately $147,837 for the three months ended March 31, 2023, an increase of 7.6% from $137,338 in the same period of 2022[161]. Growth and Expansion - The company has a total of 12 ramen stores located in California, with several new locations planned to open in 2022 and 2023[1]. - The company aims for over 100% annual unit growth rate over the next 3 to 5 years, although this is subject to various risks[138]. - The company plans to initiate franchise sales in 2023 to further expand its market presence[139]. - The company is exploring the development of instant ramen noodles for retail distribution and partnerships with grocery retailers[141]. - The company operates 8 restaurant locations with 5 additional stores under construction as of March 31, 2023[133]. Compliance and Regulatory - The company completed its initial public offering (IPO) in September 2022, selling 2,940,000 shares at $4.00 per share, generating gross proceeds of $11.76 million[32]. - Net proceeds from the IPO were approximately $10.3 million after deducting underwriting discounts and commissions and other offering expenses of about $1.5 million[32]. - The registrant has incorporated various exhibits related to its amended and restated certificate of incorporation and bylaws, filed on February 9, 2022[35]. - Certifications pursuant to the Sarbanes-Oxley Act of 2002 were filed, ensuring compliance and accountability by key executives[31.1][31.2][32.1][32.2]. Lease and Financing - The company has a $1,000,000 bank line of credit with an outstanding balance of $800,000 as of March 31, 2023, up from $300,000 as of December 31, 2022[60]. - The company executed a Paycheck Protection Program Loan of $131,600 on February 16, 2021, to mitigate the impact of the COVID-19 pandemic[81]. - The company adopted new lease accounting standards effective January 1, 2019, which require recognition of lease liabilities and right-of-use assets[54]. - The weighted-average remaining lease term for operating leases is 8.7 years, with a weighted-average discount rate of 7%[118]. - Operating lease expense for Q1 2023 was $231,970, a 61.5% increase from $143,561 in Q1 2022[118].

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, 2022 ☐ 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) (Former name, former address an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ 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. (Former name, former address and former fiscal year, if changed since last r ...