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MARKETS / VSTD
RETAIL-EATING PLACES

Vestand Inc. VSTD

4 fiscal years on record · USD · FY2024 reported · SEC filings only
$12.8M
▲ 39.3% YoY
$-2.7M
$113,697
In brief

What this company does

We are a fast-growing Japanese restaurant operator and was borne out of the idea of introducing the modernized Japanese dining experience to customers all over the world. Our restaurants typically employ one restaurant manager, one or two supervisors, and approximately 8 to 12 additional team members. As of December 31, 2024, we had approximately 259 employees, of whom 10 were exempt employees and the remainder were non-exempt employees. We are subject to extensive and varied federal, state and local government regulation, including regulations relating, among others, to public and occupational health and safety, nutritional menu labeling, healthcare, the environment, sanitation and fire prevention.

Written from the business description in Yoshiharu Global Co.'s annual report to the U.S. Securities and Exchange Commission, filed 27 March 2025. Every sentence was checked against that document before publication.

Growth
USD 12.8M
Revenue, FY2024 · full 4-year series below
Revenue $M Net income $M
FY2024 · Revenue 12.8 · Net income -2.7
5M10M-2M2021202220232024
Compound annual growth
+25.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−21 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -19.9% · Net -20.8%
-20%-40%2021202220232024
ROE
FY2024 · ROE -183.3%
-100%-200%2021202220232024

Each USD of equity lost 183 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 0.1
-2.5M-5.0M2021202220232024

Total assetsUSD 17.6M
EquityUSD 255,399.00
Current ratio0.24×

Equity funds 1% of total assets.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2024202320222021
Revenue $B0.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0
Free cash flow $B0.0−0.0−0.0−0.0
EPS, diluted $−1.98−2.29−3.23·
Dividend / sh $····
Payout %····
ROE %−183.3−73.3−210.1·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 16 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 60 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Eating Places
Listed onnot stated in the filings
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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