From GlobeNewswire: 2025-05-05 18:50:00

Yoshiharu Global Co. reported a 25% increase in revenues to $3.5 million in the first quarter of 2025. The cash balance also rose by 59% to $3.0 million. The company secured financing commitments of $3.56 million and converted $2.5 million in debt to equity, regaining compliance with NASDAQ’s stockholders’ equity requirement.

The company opened a new restaurant in Menifee, CA, bringing the total locations to 15 with one more under development in Ontario, CA. They appointed Sungjoon Chae to the Board of Directors and elected two new members, Abe Lim and Jae-Hyo Seo. Anticipated milestones include domestic and international expansion.

Yoshiharu’s President, CEO, and Chairman, James Chae, highlighted the strong revenue growth and improved balance sheet, with revenue growing 25% to $3.5 million. The company regained compliance with NASDAQ’s requirements through financing commitments and debt conversions. The new Menifee location and future expansion plans were also discussed.

Financially, total restaurant operating expenses were $3.4 million, up from $2.6 million, driven by costs from new Las Vegas restaurants. Operating loss increased to ($1.3) million. The cash balance was $3.0 million, up from $1.2 million. Full financial details can be found in the Form 10-Q filed with the SEC.

Yoshiharu Global Co. is a fast-growing restaurant operator specializing in Japanese ramen. The company has expanded to 15 locations in Southern California and Las Vegas. Forward-looking statements address growth strategies and expansion plans. Investors can find more information on the company’s website or SEC filings.



Read more at GlobeNewswire:: Yoshiharu Reports First Quarter 2025 Financial Results