From GlobeNewswire: 2025-04-02 08:31:00

Yoshiharu Global Co. has regained compliance with the NASDAQ stockholders’ equity requirement. In the fourth quarter of 2024, the company saw a 47% increase in revenues to $3.7 million and a net income increase to $0.5 million. Full-year revenues for 2024 increased by 39% to $12.8 million, with two new restaurants bringing the total number of locations to 15.

The company received a notification letter from NASDAQ stating compliance with the stockholders’ equity requirement. A $3.56 million financing commitment and debt restructuring helped the company regain compliance. Two new restaurants opened in the fourth quarter, contributing to revenue growth. Additionally, plans for domestic and international expansion, including new locations in Paris, London, and South Korea, are underway.

Yoshiharu’s President, CEO, and Chairman, James Chae, highlighted the company’s operational strength and compliance with NASDAQ requirements. The company reported a net income of $537,268 in the fourth quarter of 2024, driven by revenue growth. The opening of new locations and agreements for international expansion have contributed to the company’s success.

Financially, Yoshiharu saw a 47.4% increase in revenues to $3.7 million in the fourth quarter of 2024. Operating income increased to $0.2 million, and net income was $537,268. For the full year, revenues increased by 39.3% to $12.8 million. The company’s cash balance was $1.2 million on December 31, 2024.

Yoshiharu is a fast-growing restaurant operator specializing in Japanese ramen and rolls. The company has expanded to 15 locations and aims to provide a modernized Japanese dining experience. With a focus on top-notch service, Yoshiharu continues to grow its presence in Southern California and Las Vegas.

In 2024, Yoshiharu reported a net loss of $2.7 million, an improvement from the previous year. The company’s total revenue increased to $12.8 million, driven by new restaurant openings and international expansion plans. Operating expenses were optimized to maintain strong growth despite market challenges.



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