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Yoshiharu Reports Third Quarter 2024 Financial Results

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Yoshiharu Global Co. (NASDAQ: YOSH) reported strong Q3 2024 results with revenues increasing 49% to $3.0 million and nine-month revenues up 36% to $9.2 million. The company expanded to 15 locations with a new restaurant in San Clemente, CA, and has 2 more under construction. Strategic partnerships were established in China's Sichuan and Liaoning provinces. The company secured a $1.0 million private placement to enter the Korean BBQ segment. Despite revenue growth, the company reported a Q3 net loss of $1.2 million, wider than the $0.9 million loss in the prior year period.

Yoshiharu Global Co. (NASDAQ: YOSH) ha riportato risultati solidi per il terzo trimestre del 2024, con ricavi in aumento del 49% a 3,0 milioni di dollari e ricavi dei nove mesi aumentati del 36% a 9,2 milioni di dollari. L'azienda si è espansa in 15 sedi, aprendo un nuovo ristorante a San Clemente, CA, e ha altri 2 ristoranti in costruzione. Sono state stabilite partnership strategiche nelle province cinesi di Sichuan e Liaoning. L'azienda ha ottenuto un finanziamento privato di 1,0 milione di dollari per entrare nel segmento BBQ coreano. Nonostante la crescita dei ricavi, l'azienda ha registrato una perdita netta per il terzo trimestre di 1,2 milioni di dollari, più ampia rispetto alla perdita di 0,9 milioni di dollari

Yoshiharu Global Co. (NASDAQ: YOSH) reportó sólidos resultados del tercer trimestre de 2024, con ingresos aumentando un 49% a 3,0 millones de dólares y un aumento del 36% en los ingresos de nueve meses a 9,2 millones de dólares. La compañía se expandió a 15 ubicaciones con un nuevo restaurante en San Clemente, CA, y tiene 2 más en construcción. Se establecieron asociaciones estratégicas en las provincias chinas de Sichuan y Liaoning. La empresa aseguró un financiamiento privado de 1,0 millón de dólares para ingresar al segmento de BBQ coreano. A pesar del crecimiento en los ingresos, la empresa reportó una pérdida neta en el tercer trimestre de 1,2 millones de dólares, más amplia que la pérdida de 0,9 millones de dólares en el mismo período del año anterior.

요시하루 글로벌 주식회사 (NASDAQ: YOSH)는 2024년 3분기 실적이 강하다고 보고하며, 수익이 49% 증가하여 300만 달러에 달했고, 9개월 동안 수익이 36% 증가하여 920만 달러에 이르렀습니다. 이 회사는 샌 클레멘트(CA)에 새로운 레스토랑을 열며 15개 매장으로 확장했고, 2개의 매장이 추가로 건설 중입니다. 중국의 쓰촨성과 랴오닝성에서 전략적 파트너십이 체결되었습니다. 회사는 한국 BBQ 세그먼트에 진입하기 위해 100만 달러의 사모 펀드를 확보했습니다. 수익이 증가했음에도 불구하고, 회사는 3분기 순손실이 120만 달러로, 지난해 같은 기간의 90만 달러 손실보다 컸습니다.

Yoshiharu Global Co. (NASDAQ: YOSH) a annoncé de bons résultats pour le troisième trimestre 2024, avec des revenus en hausse de 49% à 3,0 millions de dollars et des revenus sur neuf mois en augmentation de 36% à 9,2 millions de dollars. L'entreprise s'est étendue à 15 emplacements avec un nouveau restaurant à San Clemente, CA, et a 2 autres en construction. Des partenariats stratégiques ont été établis dans les provinces chinoises du Sichuan et du Liaoning. L'entreprise a sécurisé un placement privé de 1,0 million de dollars pour entrer dans le segment du BBQ coréen. Malgré la croissance des revenus, l'entreprise a enregistré une perte nette de 1,2 million de dollars pour le troisième trimestre, plus large que la perte de 0,9 million de dollars de la même période l'année précédente.

Yoshiharu Global Co. (NASDAQ: YOSH) hat starke Ergebnisse für das dritte Quartal 2024 gemeldet, mit einem Anstieg der Einnahmen um 49% auf 3,0 Millionen Dollar und einem Anstieg der Neunmonatsumsätze um 36% auf 9,2 Millionen Dollar. Das Unternehmen hat sich auf 15 Standorte ausgeweitet und ein neues Restaurant in San Clemente, CA, eröffnet und hat 2 weitere in Bau. Strategische Partnerschaften wurden in den chinesischen Provinzen Sichuan und Liaoning gegründet. Das Unternehmen sicherte sich eine Privatplatzierung von 1,0 Millionen Dollar, um in den koreanischen BBQ-Sektor einzutreten. Trotz des Umsatzwachstums berichtete das Unternehmen für das dritte Quartal von einem Nettoverlust von 1,2 Millionen Dollar, was größer ist als der Verlust von 0,9 Millionen Dollar im Vorjahreszeitraum.

Positive
  • Revenue growth of 49% to $3.0M in Q3 2024
  • Nine-month revenue increase of 36.3% to $9.2M
  • Restaurant-level contribution margin improved to 11.0% from 8.1%
  • Expansion to 15 locations with 2 more under construction
  • Secured $1.0M private placement investment
Negative
  • Q3 net loss increased to $1.2M from $0.9M year-over-year
  • Nine-month net loss widened to $3.2M from $3.0M
  • Operating loss increased to $1.0M from $0.8M in Q3
  • Total restaurant operating expenses increased to $3.1M from $2.2M

Insights

The Q3 results show mixed signals. While revenue growth of 48.9% to $3.0 million is impressive, driven by Las Vegas expansion, profitability remains elusive with a widening net loss of $1.2 million. The restaurant-level contribution margin improved to 11.0%, but operating expenses at 96% of revenue remain concerningly high.

The $1.0 million private placement and strategic expansion into Korean BBQ could diversify revenue streams, but execution risks exist. The Chinese market entry through MoUs, while promising given the massive population reach, lacks binding commitments. Cash position of $1.7 million provides runway given the expansion plans and current burn rate.

The strategic pivot into Korean BBQ demonstrates market awareness, targeting a growing segment with operational synergies. The expansion strategy balances domestic growth (15 current locations with 2 under construction) with international opportunities. The San Clemente location selection shows sophisticated demographic targeting, with access to affluent consumers (average household income $145,000) and high-traffic exposure.

However, the company faces significant headwinds including input costs, consumer price sensitivity and higher capital costs. The automation initiatives through kiosks and cooking robots could help address labor costs but require upfront investment.

Third Quarter 2024 Revenues Increase 49% to $3.0 Million

9M 2024 Revenues Increase 36% to $9.2 Million

Strategic Partnerships in Sichuan and Liaoning Provinces in China Anchor International Expansion Plans, Entry into Growing Korean BBQ Segment Expands Presence and Cuisine

BUENA PARK, Calif., Nov. 19, 2024 (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 third quarter ended September 30, 2024.

Third Quarter 2024 and Recent Operational Highlights

  • Grand opening of a new restaurant in San Clemente, CA, bringing the number of locations to 15 with 2 additional locations under construction.
  • 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.
  • Entered into a non-binding MoU with Xing Sheng Group through a MLA for the Liaoning Province in China to introduce a new flagship Yoshiharu restaurant in Shenyang, China, home to over 43 million people.
  • Announced the planned entry into the lucrative and growing Korean BBQ (“KBBQ”) category, with synergies with existing ramen business expected to drive expanding market opportunity and footprint in high growth category.
  • Closed a non-brokered $1.0 million private placement investment from an accredited investor and intends to use these proceeds for the expansion into the KBBQ segment.
  • Nine months 2024 revenue increased 36.3% to $9.2 million.
  • Restaurant-level contribution increased to $1.0 million for the nine-months ended September 30, 2024 from $543,000 in the same period last year.

Management Commentary

“The third quarter of 2024 was highlighted by strong revenue growth, the grand opening of our 15th location, and new partnerships and initiatives, all positioning us to grow the brand and move us steadily towards profitability,” said James Chae, Yoshiharu’s President, CEO and Chairman of the Board. “In the quarter, revenue growth was driven by our restaurant service across Southern California, Las Vegas and diversified mix of service channels, including takeout and delivery. We have successfully optimized operating expenses while maintaining a strong Average Unit Volume (“AUV”) comparable to previous periods, despite continued headwinds from input costs, consumer price sensitivity, and higher cost of capital.

“We continued to expand our presence and cuisine in both the US and international dining scenes in the third quarter. We celebrated the grand opening of our newest US location in San Clemente, CA, a classic beach town destination known for its beaches, world class surfing and vibrant dining scene. The new location benefits from excellent access and high visibility to I-5, drawing an estimated 8,300 visits a day and over 3 million visits a year, surrounded by an affluent population of more than 69,000 with an average household income of over $145,000 within a 3-mile radius.

“In China, two new strategic non-binding Memorandum of Understandings (“MoU”) through Master License Agreements (“MLA”) will enable us to open locations across China. With Chengdu Octaday Entertainment Group, we are aiming to introduce Yoshiharu Global’s expanding cuisine in Sichuan Province, China, home to over 83 million people. The partnership presents multiple opportunities to open locations within Chengdu Octaday’s 30 corporate owned and managed hotels, theme parks and other destination attractions. We also partnered with Xing Sheng Group to introduce a new flagship Yoshiharu restaurant in Shenyang, China, home to over 43 million people. Xing Sheng Group’s real estate arm specializes in developing tourist attraction centers in Shenyang and is currently constructing China’s largest water park. This partnership offers us a prime opportunity to develop a flagship location within the water park, catering to both local residents and visiting tourists.

“Recently we announced a new initiative to enter the lucrative and growing Korean BBQ (“KBBQ”) category, a highly complementary addition to our ramen business. Demand for KBBQ cuisine in the US has grown along with the popularity of Korean street food and the interest in new international flavors. The communal and interactive nature of KBBQ, with its extensive menus and relatively affordable prices, is a large part of this appeal. Armed with a $1.0 investment for this initiative, we believe we can capitalize on the resource and ingredient synergies between our existing offerings and KBBQ concept to enhance purchasing power, attract a wider audience, and explore cross-promotion opportunities to further solidify and expand the Yoshiharu brand. We also plan to explore further collaborative opportunities with Xing Sheng Group.

“Looking ahead, we are expanding our US geographic footprint with two more locations currently under construction and expected to open in Menifee, CA in December 2024 and Ontario, CA in January 2025. We continue to focus on the bottom-line as we remain keen on reaching profitability in the near future, supported by new initiatives such as adding kiosks across our stores and utilizing cooking robots to reduce labor costs. We are poised for additional growth with two new partnerships in China and expansion into the Korean BBQ segment. Taken together, we believe our multi-dimensional growth strategy will expand the Yoshiharu brand and build long-term shareholder value,” concluded Chae.

Third Quarter 2024 Financial Results

Revenues increased 48.9% to $3.0 million compared to $2.0 million in the prior year period. The increase was primarily driven by the three new Las Vegas restaurants acquired in April 2024.

Total restaurant operating expenses were $3.1 million compared to $2.2 million in the prior year period. The increase was primarily driven by increases in revenues from the three new Las Vegas restaurants acquired.

Operating loss increased to ($1.0) million compared to a loss of ($0.8) million in the prior year period as a result of higher general and administrative driven by the acquisition of Las Vegas entities.

Adjusted EBITDA, a non-GAAP measure defined below, was $(0.7) million compared to $(0.6) million in the prior year period.

Net loss was ($1.2) million compared to a net loss of ($0.9) million in the prior year period primarily due to an increase in expenses following the acquisition of Las Vegas.

Nine Months 2024 Financial Results

Revenues increased 36.3% to $9.2 million compared to $6.7 million in the prior year period. The increase was primarily driven by three new Las Vegas restaurants acquired in April 2024.

Restaurant-level contribution margin was 11.0% compared to 8.1% in the prior period with the increase in revenue from the LV acquisition and the management efforts to control the costs.

Total restaurant operating expenses were $8.7 million compared to $6.6 million in the prior year period. The increase was due to increases in in revenue. As a percentage of the revenue, the operating expenses were 96% compared to 98% in the prior period.

Operating loss improved to ($2.8) million compared to a loss of $(2.9) million in the prior year period.

Adjusted EBITDA, a non-GAAP measure defined below, was $(1.9) million compared to $(2.0) million in the prior year period.

Net loss was $3.2 million compared to a net loss of $3.0 million in the prior year period. The increase was primarily due to an increase in expenses following the acquisition of Las Vegas.

The Company’s cash balance totaled $1.7 million on September 30, 2024, compared to $1.4 million on December 31, 2023.

For more information regarding Yoshiharu’s financial results, including financial tables, please see our Form 10-Q for quarter ended September 30, 2024 filed with the U.S. Securities and Exchange Commission (the “SEC"). The Company’s SEC filings can be found on the SEC’s website at www.sec.gov or the Company’s investor relations site at ir.yoshiharuramen.com.

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.

Non-GAAP Financial Measures

EBITDA is defined as net income (loss) before interest, income taxes and depreciation and amortization. Adjusted EBITDA is defined as EBITDA plus stock-based compensation expense, non-cash lease expense and asset disposals, closure costs and restaurant impairments, as well as certain items, such as employee retention credit, litigation accrual, and certain executive transition costs, that we believe are not indicative of our core operating results. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by sales. EBITDA, and Adjusted EBITDA are non-GAAP measures which are intended as supplemental measures of our performance and are neither required by, nor presented in accordance with, GAAP. The Company believes that EBITDA, and Adjusted EBITDA provide useful information to management and investors regarding certain financial and business trends relating to its financial condition and operating results. However, these measures may not provide a complete understanding of the operating results of the Company as a whole and such measures should be reviewed in conjunction with its GAAP financial results.

The Company believes that the use of EBITDA, and Adjusted EBITDA provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial measures with those of comparable companies, which may present similar non-GAAP financial measures to investors. However, you should be aware when evaluating EBITDA, and Adjusted EBITDA that in the future the Company may incur expenses similar to those excluded when calculating these measures. In addition, the Company’s presentation of these measures should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. The Company’s computation of Adjusted EBITDA may not be comparable to other similarly titled measures computed by other companies, because all companies may not calculate Adjusted EBITDA in the same fashion.

Because of these limitations, EBITDA, and Adjusted EBITDA should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. The Company compensates for these limitations by relying primarily on its GAAP results and using EBITDA, and Adjusted EBITDA on a supplemental basis. You should review the reconciliation of net loss to EBITDA, and Adjusted EBITDA in the Company’s SEC filings and not rely on any single financial measure to evaluate its business.

The full reconciliation of net loss to EBITDA and Adjusted EBITDA is set forth in our Form 10-Q for the quarter ended September 30, 2024 which can be found on the SEC ‘s website at www.sec.gov or the Company’s investor relations site at ir.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


Yoshiharu Global Co.
Unaudited Consolidated Balance Sheets
As of September 30,
2024
  December 31,
2023
 
       
ASSETS        
Current Assets:        
Cash $1,712,064  $1,462,326 
Accounts receivable  36,397   - 
Inventories  89,462   73,023 
Total current assets  1,837,923   1,535,349 
         
Non-Current Assets:        
Property and equipment, net  5,031,361   4,092,950 
Operating lease right-of-use asset  6,846,051   5,459,708 
Intangible asset  504,499   - 
Goodwill  1,985,645   - 
Other assets  1,106,597   1,931,357 
Total non-current assets  15,474,153   11,484,015 
         
Total assets $17,312,076  $13,019,364 
         
LIABILITIES AND STOCKHOLDERS’ EQUITY        
         
Current liabilities:        
Accounts payable and accrued expenses $884,857  $647,811 
Line of credit  1,000,000   1,000,000 
Current portion of operating lease liabilities  908,691   572,230 
Current portion of bank notes payables  169,814   414,378 
Current portion of loan payable, EIDL  2,669   10,536 
Loans payable to financial institutions  119,939   534,239 
Due to related party  1,770,796   24,176 
Other payables  1,078,291   65,700 
         
Total current liabilities  5,895,057   3,269,070 
Operating lease liabilities, less current portion  6,770,605   5,689,535 
Bank notes payables, less current portion  2,830,798   991,951 
Loan payable, EIDL, less current portion  415,422   415,329 
Notes payable to related party  600,000   - 
Convertible notes to related party  1,200,000   - 
Total liabilities  17,711,882   10,365,885 
         
Commitments and Contingencies        
         
Stockholders’ equity        
Class A Common Stock - $0.0001 par value; 49,000,000 authorized shares; 1,255,197 shares issued and outstanding at September 30, 2024 and 1,230,246 shares issued and outstanding at December 31, 2023  125   123 
Class B Common Stock - $0.0001 par value; 1,000,000 authorized shares; 100,000 shares issued and outstanding at September 30, 2024 and December 31, 2023  10   10 
         
Additional paid-in capital  12,143,969   11,994,119 
Accumulated deficit  (12,543,910)  (9,340,773)
Total stockholders’ equity (deficit)  (399,806)  2,653,479 
         
Total liabilities and stockholders’ equity $17,312,076  $13,019,364 



Yoshiharu Global Co.
Unaudited Consolidated Statements of Operations
 
  Nine months Ended
September 30,
  Three Months Ended
September 30,
 
  2024  2023  2024  2023 
             
Revenue:                
Food and beverage $9,152,530  $6,714,429  $3,015,525  $2,025,386 
Total revenue  9,152,530   6,714,429   3,015,525   2,025,386 
                 
Restaurant operating expenses:                
Food, beverages and supplies  2,362,515   1,787,046   853,943   557,705 
Labor  4,125,195   3,129,198   1,344,534   1,125,717 
Rent and utilities  1,262,963   840,389   493,667   285,013 
Delivery and service fees  398,986   415,139   118,070   130,189 
Depreciation  596,701   396,388   246,374   144,701 
Total restaurant operating expenses  8,746,360   6,568,160   3,056,588   2,243,325 
                 
Net operating restaurant operating income (loss)  406,170   146,269   (41,063)  (217,939)
                 
Operating expenses:                
General and administrative  2,953,755   2,700,078   935,591   477,732 
Related party compensation  139,769   216,308   50,000   92,876 
Advertising and marketing  80,955   86,593   22,391   34,051 
Total operating expenses  3,174,479   3,002,979   1,007,982   604,659 
                 
Loss from operations  (2,768,309)  (2,856,710)  (1,049,045)  (822,598)
                 
Other income (expense):                
Gain on disposal of fixed asset  -   8,920   -   - 
Other income  12,207   14,774   -   7,784 
Interest  (413,598)  (186,877)  (161,472)  (48,049)
Total other income (expense), net  (401,391)  (163,183)  (161,472)  (40,265)
                 
Loss before income taxes  (3,169,700)  (3,019,893)  (1,210,517)  (862,863)
                 
Income tax provision  33,437   29,068   11,599   22,080 
                 
Net loss $(3,203,137) $(3,048,961) $(1,222,116) $(884,943)
                 
Loss per share:                
Basic and diluted $(2.39)  (2.29)  (0.91)  (0.67)
                 
Weighted average number of common shares outstanding:                
Basic and diluted  1,342,585   1,328,847   1,343,537   1,328,847 



      Yoshiharu Global Co.
Unaudited Consolidated Statements of Cash Flows
 
  For the nine months ended
September 30,
 
  2024  2023 
       
Cash flows from operating activities:        
Net loss $(3,203,137) $(3,048,961)
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation  596,701   396,388 
Amortization  26,552   - 
Gain on disposal of fixed asset  -   (8,920)
Changes in assets and liabilities:        
Accounts receivable  (36,397)  - 
Inventories  (3,654)  390 
Other assets  825,960   (564,775)
Accounts payable and accrued expenses  199,483   (3,118)
Due to related party  1,746,620   (142,106 
Other payables  1,012,591   59,785 
Net cash provided by (used in) operating activities  1,164,719   (3,311,317)
         
Cash flows from investing activities:        
Purchases of property and equipment  (437,042)  (1,339,132)
Acquisition of LV entities  (1,800,000)  - 
Net cash used in investing activities  (2,237,042)  (1,339,132)
         
Cash flows from financing activities:        
Advance from line of credit  -   500,000 
Proceeds from borrowings for acquisition of LV entities  900,000   812,000 
Proceeds from borrowings  1,138,164   - 
Repayments on bank notes payables  (451,655)  (645,280)
Repayment of loan payable to financial institutions  (414,300)  - 
Proceeds from sale of common shares  149,852   - 
Net cash provided by financing activities  1,322,061   666,720 
         
Net increase (decrease) in cash  249,738   (3,983,729)
         
Cash – beginning of period  1,462,326   6,138,786 
         
Cash – end of period $1,712,064  $2,155,057 
         
Supplemental disclosures of non-cash financing activities:        
Note payable to related party $600,000   - 
Convertible notes to related party $1,200,000   - 
         
Supplemental disclosures of cash flow information        
Cash paid during the periods for:        
Interest $401,861  $186,877 
Income taxes $33,437  $29,068 

FAQ

What was Yoshiharu's (YOSH) revenue growth in Q3 2024?

Yoshiharu reported a 48.9% increase in revenue to $3.0 million in Q3 2024 compared to $2.0 million in the prior year period.

How many restaurant locations does Yoshiharu (YOSH) currently operate?

Yoshiharu operates 15 restaurant locations, with the latest opening in San Clemente, CA, and has 2 additional locations under construction.

What was Yoshiharu's (YOSH) net loss in Q3 2024?

Yoshiharu reported a net loss of $1.2 million in Q3 2024, compared to a net loss of $0.9 million in the prior year period.

How much private placement funding did Yoshiharu (YOSH) secure in Q3 2024?

Yoshiharu secured a $1.0 million non-brokered private placement investment from an accredited investor for expansion into the Korean BBQ segment.

Yoshiharu Global Co.

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