Yoshiharu Announces Strategic Partnership with Chengdu Octaday Entertainment Group for Sichuan Province, China
Yoshiharu Global Co. (NASDAQ: YOSH), a Japanese ramen & rolls restaurant operator, has signed a non-binding Memorandum of Understanding (MoU) with Chengdu Octaday Entertainment Group for a Master License Agreement in Sichuan Province, China. This partnership aims to introduce Yoshiharu's cuisine in multiple hotel locations across the province, home to over 83 million people.
The agreement follows Yoshiharu's recent partnership to open a flagship restaurant in Shenyang, China, demonstrating the company's international growth momentum. The collaboration with Chengdu Octaday Entertainment Group, which operates 30 corporate-owned and managed hotels in Sichuan, presents opportunities for Yoshiharu to expand its presence in hotels, theme parks, and other attractions.
Yoshiharu Global Co. (NASDAQ: YOSH), un operatore giapponese di ristoranti di ramen e sushi, ha firmato un Memorandum of Understanding (MoU) non vincolante con Chengdu Octaday Entertainment Group per un Accordo di Licenza Master nella provincia del Sichuan, in Cina. Questa partnership mira a introdurre la cucina di Yoshiharu in più località alberghiere in tutta la provincia, che ospita oltre 83 milioni di persone.
L'accordo segue la recente partnership di Yoshiharu per aprire un ristorante di punta a Shenyang, in Cina, dimostrando il momento di crescita internazionale dell'azienda. La collaborazione con Chengdu Octaday Entertainment Group, che gestisce 30 hotel di proprietà e gestiti in Sichuan, offre a Yoshiharu opportunità di espandere la propria presenza in hotel, parchi a tema e altre attrazioni.
Yoshiharu Global Co. (NASDAQ: YOSH), un operador japonés de restaurantes de ramen y sushi, ha firmado un Memorando de Entendimiento (MoU) no vinculante con Chengdu Octaday Entertainment Group para un Acuerdo de Licencia Maestra en la provincia de Sichuan, China. Esta asociación tiene como objetivo introducir la cocina de Yoshiharu en múltiples ubicaciones hoteleras en toda la provincia, que alberga a más de 83 millones de personas.
El acuerdo sigue a la reciente asociación de Yoshiharu para abrir un restaurante insignia en Shenyang, China, lo que demuestra el impulso de crecimiento internacional de la empresa. La colaboración con Chengdu Octaday Entertainment Group, que opera 30 hoteles de propiedad y gestión corporativa en Sichuan, presenta oportunidades para que Yoshiharu expanda su presencia en hoteles, parques temáticos y otras atracciones.
Yoshiharu Global Co. (NASDAQ: YOSH), 일본의 라멘 및 롤 레스토랑 운영업체가 Chengdu Octaday Entertainment Group와 중국 시촨성에서의 마스터 라이센스 계약을 위한 비구속 양해각서(MoU)를 체결했습니다. 이 파트너십은 8천3백만 명이 거주하는 이 지방의 여러 호텔에서 요시하루의 요리를 소개하는 것을 목표로 하고 있습니다.
이번 협약은 요시하루가 중국 선양에 플래그십 레스토랑을 열기 위한 최근 파트너십에 이어진 것으로, 회사의 국제적인 성장 동력을 보여줍니다. 시촨에서 30개의 법인 소유 및 관리 호텔을 운영하는 Chengdu Octaday Entertainment Group과의 협업은 요시하루가 호텔, 테마파크 및 기타 관광지에서의 입지를 확장할 수 있는 기회를 제공합니다.
Yoshiharu Global Co. (NASDAQ: YOSH), un opérateur japonais de restaurants de ramen et de sushi, a signé un protocole d'accord non contraignant (MoU) avec Chengdu Octaday Entertainment Group pour un accord de licence principale dans la province du Sichuan, en Chine. Ce partenariat a pour objectif d'introduire la cuisine de Yoshiharu dans plusieurs établissements hôteliers à travers la province, qui compte plus de 83 millions d'habitants.
Le contrat fait suite à un partenariat récent de Yoshiharu pour ouvrir un restaurant phare à Shenyang, en Chine, démontrant l'élan de croissance internationale de l'entreprise. La collaboration avec Chengdu Octaday Entertainment Group, qui gère 30 hôtels appartenant à l'entreprise dans le Sichuan, offre à Yoshiharu des opportunités pour étendre sa présence dans les hôtels, les parcs d'attractions et autres attractions.
Yoshiharu Global Co. (NASDAQ: YOSH), ein japanischer Betreiber von Ramen- und Sushi-Restaurants, hat ein nicht verbindliches Memorandum of Understanding (MoU) mit Chengdu Octaday Entertainment Group für einen Master-Lizenzvertrag in der Provinz Sichuan, China, unterzeichnet. Diese Partnerschaft zielt darauf ab, die Küche von Yoshiharu in mehreren Hotelstandorten in der Provinz einzuführen, die über 83 Millionen Menschen beherbergt.
Die Vereinbarung folgt auf die kürzliche Partnerschaft von Yoshiharu zur Eröffnung eines Flagship-Restaurants in Shenyang, China, und demonstriert das internationale Wachstum des Unternehmens. Die Zusammenarbeit mit der Chengdu Octaday Entertainment Group, die 30 unternehmenseigene und verwaltete Hotels in Sichuan betreibt, bietet Yoshiharu die Möglichkeit, seine Präsenz in Hotels, Themenparks und anderen Attraktionen auszubauen.
- Expansion into the Chinese market, specifically Sichuan Province with 83 million potential customers
- Partnership with Chengdu Octaday Entertainment Group, providing access to 30 corporate-owned and managed hotels
- Potential for further expansion into theme parks and other destination attractions in Sichuan
- Recent acquisition of three restaurants in Las Vegas and expansion into Korean BBQ segment
- None.
Insights
This partnership with Chengdu Octaday Entertainment Group marks a significant step in Yoshiharu's international expansion strategy, particularly in the lucrative Chinese market. The MoU opens doors to 30 corporate-owned and managed hotels in Sichuan Province, home to over 83 million people, presenting a substantial growth opportunity.
The agreement aligns with Yoshiharu's recent moves, including a flagship restaurant in Shenyang and acquisitions in Las Vegas, demonstrating a multi-pronged growth approach. Entering the Sichuan market is strategically sound, given the province's rich culinary culture and large population base.
However, investors should note that this is a non-binding MoU, not a finalized deal. The success will depend on execution, cultural adaptation of Yoshiharu's Japanese cuisine to local tastes and navigating China's regulatory environment. While promising, the actual impact on revenue and profitability remains to be seen, making this a cautiously positive development for YOSH stock.
From a financial perspective, this MoU with Chengdu Octaday Entertainment Group presents a potentially significant revenue stream for Yoshiharu Global Co. (NASDAQ: YOSH). With a current market cap of
Key financial considerations include:
- Potential for rapid expansion across 30 hotel locations, reducing individual location startup costs
- Access to a massive consumer base of 83 million in Sichuan Province
- Diversification of revenue sources across international markets
- Possible increase in brand value through association with a prominent Chinese entertainment group
However, investors should exercise caution. The non-binding nature of the MoU means financial benefits are not guaranteed. Additionally, international expansion often involves significant upfront costs and regulatory hurdles. The true financial impact will depend on the final terms of the Master License Agreement and the success of implementation.
Agreement to Broaden International Footprint and Introduce Yoshiharu Global’s Expanding Cuisine in Multiple Hotel Locations
BUENA PARK, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ: YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen & rolls, has entered into a non-binding Memorandum of Understanding (“MoU”) with Chengdu Octaday Entertainment Group through a Master License Agreement (“MLA”) for the Sichuan Province in China to introduce Yoshiharu Global’s Expanding Cuisine in Sichuan Province, China, with a rich and diverse culture and home to over 83 million people.
Chengdu Octaday Entertainment Group is a Chinese company that operates in the entertainment and cultural industries. The company is based in Chengdu, a major city in southwestern China, and is involved in various aspects of the entertainment business, including theme parks, cultural tourism, and media production. The company is known for developing and managing large-scale entertainment projects, such as theme parks and attractions that often incorporate elements of Chinese culture and history.
Following Yoshiharu’s recent partnership to open a flagship restaurant in Shenyang, China, this MoU further exemplifies the momentum of Yoshiharu’s international growth, with the aim to open locations within Chengdu Octaday Entertainment Group’s 30 corporate owned and managed hotels in the Sichuan Province, among other potential opportunities.
“I am pleased to announce our new strategic partnership with Chengdu Octaday Entertainment Group and our continued expansion into the Chinese market, the Company’s second such announcement this month,” said James Chae, Yoshiharu’s President, CEO, and Chairman of the Board. “The opportunity to partner with Chengdu Octaday Entertainment Group presents multiple opportunities to introduce Yoshiharu’s expanding presence and cuisine in the Sichuan Province, including Chengdu Octaday’s 30 corporate owned and managed hotels and theme parks and other destination attractions. This announcement also helps prove out Yoshiharu’s expansion across strategically important Chinese cities and provinces in addition to our recent acquisition of three restaurants in Las Vegas and expansion into the Korean BBQ segment, all positioning us for further growth opportunities.”
About Chengdu Octaday Entertainment Group
Chengdu Octaday Entertainment Group is a Chinese company that operates in the entertainment and cultural industries. The company is based in Chengdu, a major city in southwestern China, and is involved in various aspects of the entertainment business, including theme parks, cultural tourism, and media production.
The company is known for developing and managing large-scale entertainment projects, such as theme parks and attractions that often incorporate elements of Chinese culture and history. Chengdu Octaday is also involved in creating multimedia content, including films, television programs, and digital media, aimed at both domestic and international audiences.
About Yoshiharu Global Co.
Yoshiharu is a fast-growing restaurant operator and was born out of the idea of introducing the modernized Japanese dining experience to customers all over the world. Specializing in Japanese ramen, Yoshiharu gained recognition as a leading ramen restaurant in Southern California within six months of its 2016 debut and has continued to expand its top-notch restaurant service across Southern California and Las Vegas, currently owning and operating 14 restaurants.
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, assumptions, estimates, intentions, future performance, other statements that are not historical facts and statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or words of similar meaning. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in, or suggested by, these forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our filings with the SEC including our Form 10-K for the year ended December 31, 2023, and subsequent reports we file with the SEC from time to time, which can be found on the SEC's website at www.sec.gov. Such risks, uncertainties, and other factors include, but are not limited to: the risk that our plans to maintain and increase liquidity may not be successful to remediate our past operating losses; the risk that we may not be able to successfully implement our growth strategy if we are unable to identify appropriate sites for restaurant locations, expand in existing and new markets, obtain favorable lease terms, attract guests to our restaurants or hire and retain personnel; that our operating results and growth strategies will be closely tied to the success of our future franchise partners and we will have limited control with respect to their operations; the risk that we may face negative publicity or damage to our reputation, which could arise from concerns regarding food safety and foodborne illness or other matters; the risk that that minimum wage increases and mandated employee benefits could cause a significant increase in our labor costs; and the risk that our marketing programs may not be successful, and our new menu items, advertising campaigns and restaurant designs and remodels may not generate increased sales or profits. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Relations Contact:
Larry W Holub
Director
MZ North America
YOSH@mzgroup.us
312-261-6412
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