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Yoshiharu Global Co. - YOSH STOCK NEWS

Welcome to our dedicated page for Yoshiharu Global Co. news (Ticker: YOSH), a resource for investors and traders seeking the latest updates and insights on Yoshiharu Global Co. stock.

Yoshiharu Global Co. (NASDAQ:YOSH) is a rapidly growing restaurant operator based in California, specializing in authentic Japanese ramen. The company also offers a range of other Japanese cuisines, including sushi and bento boxes, through its chain of restaurants. Founded in 2016, Yoshiharu quickly gained recognition and now operates 11 restaurants across Southern California, with plans to expand further.

In recent developments, Yoshiharu has entered into a Memorandum of Understanding to acquire Jjanga LLC, HJH LLC, and Ramen Aku LLC in Las Vegas, Nevada. This strategic move is expected to bolster Yoshiharu's presence and revenue, aligning with its growth strategy to operate 13 restaurants by the end of the year. The acquisitions are anticipated to contribute over $6 million in annual gross revenue, enhancing the company's seafood-centric offerings and ramen portfolio.

Yoshiharu's financial performance has shown positive trends. For the third quarter of 2023, the company reported a 14.3% increase in revenue to $2.0 million, driven by the successful launch of a new restaurant in Corona and diverse menu offerings. The company is focusing on improving its bottom line by managing cash burn rates and optimizing working capital.

The company recently announced a reverse stock split at a 1-for-10 ratio, effective November 27, 2023, as part of its plan to regain compliance with Nasdaq's Minimum Bid Price Requirement. This move is expected to reduce the number of issued shares and potentially increase the stock price, making it more attractive to investors.

Looking ahead, Yoshiharu plans to leverage its newly acquired assets and strategically open new locations to drive top-line growth. With a strong focus on maintaining quality and customer satisfaction, the company aims to sustain its financial resilience and expand its market presence. For more information, please visit www.yoshiharuramen.com.

News

Yoshiharu Reports Fourth Quarter and Full Year 2023 Financial Results

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Yoshiharu Global Co. reported its Q4 and full-year 2023 results, highlighting the opening of new restaurant locations, improved restaurant-level contribution, and EBITDA. Revenue remained flat in Q4 but increased by 11.3% for the full year. Operating loss and adjusted EBITDA improved compared to the prior year. The company's cash balance decreased, and net income turned positive. Management expressed confidence in the company's growth trajectory and financial profile.
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Yoshiharu Announces the Opening of its 11th Restaurant Location in Laguna Niguel, CA

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Yoshiharu Global Co. (YOSH) announces the grand opening of its 11th restaurant in Laguna Niguel, California, featuring a diverse menu including sushi, bento boxes, rice bowls, and signature ramen. The strategic location aims to establish Yoshiharu as the first authentic Japanese ramen restaurant in the area, with plans for further expansion in 2024.
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Yoshiharu Announces the Opening of its 10th Restaurant Location in Garden Grove, CA

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Yoshiharu Global Co. (NASDAQ:YOSH) announces the opening of its 10th restaurant location in Garden Grove, California, offering a diverse range of authentic Japanese culinary dishes, including sushi, bento boxes, rice bowls, and the signature Yoshiharu ramen. The company's President, CEO, and Chairman of the Board, James Chae, expressed excitement about the new location and the upcoming acquisition of three Las Vegas restaurants, aiming to close the year with 13 operating restaurants.
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Yoshiharu Enters into an Asset Purchase Agreement to Acquire Three Las Vegas Restaurants

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Yoshiharu Global Co. (YOSH) announced the signing of an asset purchase agreement to acquire restaurant assets from three entities for $3.6 million, with expected annual revenues of over $6.0 million for 2023. The acquisition will be financed through a combination of cash, promissory note, and convertible note. The Company anticipates significant top line growth of over 80% in annual revenues from both acquisitions and newly opened establishments, aiming to operate 13 restaurants by the end of 2023. The strategic vision involves the integration of Yoshiharu's traditional offerings into the diverse menus of the acquired restaurants, aiming to expand its nationwide operational footprint and establish a formidable presence in Las Vegas.
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Yoshiharu to Conduct 1-for-10 Reverse Stock Split

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Yoshiharu Global Co. (YOSH) announces a 1-for-10 reverse stock split of its Class A and Class B common stock to regain compliance with the Minimum Bid Price Requirement of $1.00 per share for continued listing on The Nasdaq Capital Market. The reverse stock split reduces the number of issued and outstanding shares from 11,940,000 to 1,194,000 for Class A common stock and from 1,000,000 to 100,000 for Class B common stock, with proportionate adjustments to equity awards and warrants. The reverse stock split will not reduce the authorized number of shares of the Company's capital stock.
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Yoshiharu Reports Third Quarter 2023 Financial Results

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Yoshiharu Global Co. (NASDAQ:YOSH) reported its third-quarter 2023 results, showing a 14.3% revenue increase, a $543,000 restaurant-level contribution, and the signing of a non-binding Memorandum of Understanding to acquire 3 Las Vegas Restaurants. The Company also launched nine new menu items, authorized a $1 million share repurchase program, and continued development efforts with four new restaurant locations under construction.
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Yoshiharu Signs Non-Binding Memorandum of Understanding to Acquire Las Vegas Restaurants

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Yoshiharu Global Co. plans to acquire Jjanga LLC, HJH LLC, and Ramen Aku LLC in Las Vegas, Nevada, as part of its expansion plan. The acquisitions are expected to contribute to the company's growth strategy with an annual gross revenue of over $6 million. The acquisitions will broaden Yoshiharu's offerings beyond traditional Japanese ramen and enhance its presence in the Las Vegas area. The company aims to operate 13 restaurants by the end of the year.
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Yoshiharu Introduces an Array of Nine New Menu Items

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Yoshiharu Global Co. announces the launch of nine new menu items, aiming to grow same store sales figures.
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Yoshiharu Authorizes $1 Million Share Repurchase Program

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Yoshiharu Global approves share repurchase authorization of $1,000,000 worth of common stock
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Yoshiharu to Participate in the H.C. Wainwright 25th Annual Global Investment Conference on September 11-13, 2023

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Yoshiharu Global Co. to present at H.C. Wainwright conference
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FAQ

What is the current stock price of Yoshiharu Global Co. (YOSH)?

The current stock price of Yoshiharu Global Co. (YOSH) is $3.39 as of December 20, 2024.

What is the market cap of Yoshiharu Global Co. (YOSH)?

The market cap of Yoshiharu Global Co. (YOSH) is approximately 4.7M.

What does Yoshiharu Global Co. specialize in?

Yoshiharu Global Co. specializes in authentic Japanese ramen and offers a variety of other Japanese cuisines such as sushi and bento boxes.

How many restaurants does Yoshiharu currently operate?

As of now, Yoshiharu operates 11 restaurants across Southern California.

What recent acquisitions has Yoshiharu made?

Yoshiharu has entered into a Memorandum of Understanding to acquire Jjanga LLC, HJH LLC, and Ramen Aku LLC in Las Vegas, Nevada.

What was Yoshiharu's revenue for the third quarter of 2023?

Yoshiharu reported a 14.3% increase in revenue to $2.0 million for the third quarter of 2023.

What is the purpose of Yoshiharu's reverse stock split?

The reverse stock split is part of Yoshiharu's plan to regain compliance with Nasdaq's Minimum Bid Price Requirement and potentially increase the stock price.

What is Yoshiharu's growth strategy?

Yoshiharu plans to expand by strategically acquiring restaurants and opening new locations, aiming to operate 13 restaurants by the end of the year.

How has Yoshiharu managed its financial performance?

Yoshiharu has focused on improving its bottom line by managing cash burn rates and optimizing working capital.

Where can I find more information about Yoshiharu?

For more information, please visit Yoshiharu's official website at www.yoshiharuramen.com.

What new locations has Yoshiharu recently opened?

Yoshiharu recently opened new restaurant locations in Garden Grove and Laguna Niguel, California.

What is Yoshiharu's outlook for 2024?

Yoshiharu plans to continue its expansion and growth initiatives, aiming for a strong financial performance in 2024 by leveraging its new acquisitions and opening more restaurants.

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Yoshiharu Global Co.

Nasdaq:YOSH

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4.72M
708.09k
51.06%
0.09%
0.64%
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