Yoshiharu Global Co. Files 10-Q for Q2 2024

TL;DR

Yoshiharu Global Co. 10-Q filed. Q2 2024 financials out.

AI Summary

Yoshiharu Global Co. filed its 10-Q for the period ending June 30, 2024. The company, operating in the retail-eating places sector, reported its financial status. Key financial data and operational details for the second quarter and the first half of 2024 are presented in this filing.

Why It Matters

This filing provides investors with an update on Yoshiharu Global Co.'s financial performance and position as of mid-2024, crucial for assessing the company's health and future prospects.

Risk Assessment

Risk Level: medium — As a publicly traded company, Yoshiharu Global Co. is subject to market fluctuations and regulatory scrutiny, inherent risks for any 10-Q filer.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 2024-08-19 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
• 2024-01-01 to 2024-06-30 — First Half 2024 Period (Covers the financial performance for the first six months of the fiscal year 2024.)
• 2023-12-31 — Previous Year End Date (Provides a comparison point for financial status from the end of the prior fiscal year.)
• 2023-01-01 to 2023-06-30 — First Half 2023 Period (Covers the financial performance for the first six months of the fiscal year 2023, for comparative analysis.)

Key Players & Entities

• Yoshiharu Global Co. (company) — Filer of the 10-Q
• 0001898604 (company) — Central Index Key for Yoshiharu Global Co.
• 20240630 (date) — End of the reporting period
• 20240819 (date) — Filing date
• RETAIL-EATING PLACES [5812] (industry) — Standard Industrial Classification

FAQ

Key Financial Figures

• $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share YOSH The Nasdaq

Filing Documents

• form10-q.htm (10-Q) — 1308KB
• ex31-1.htm (EX-31.1) — 18KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• 0001493152-24-032966.txt ( ) — 6710KB
• yosh-20240630.xsd (EX-101.SCH) — 48KB
• yosh-20240630_cal.xml (EX-101.CAL) — 83KB
• yosh-20240630_def.xml (EX-101.DEF) — 248KB
• yosh-20240630_lab.xml (EX-101.LAB) — 395KB
• yosh-20240630_pre.xml (EX-101.PRE) — 365KB
• form10-q_htm.xml (XML) — 1030KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File Number: 001-41494 YOSHIHARU GLOBAL CO. (Exact name of Registrant as specified in its charter) Delaware 5812 87-3941448 (State or other jurisdiction of incorporation or organization) (Primary (I.R.S. Employer Identification Number) 6940 Beach Blvd., Suite D-705 Buena Park , CA 90621 (714) 694-2403 (Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices) N/A (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.0001 par value per share YOSH The Nasdaq Stock Market LLC (Nasdaq Capital Market) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No The registrant has 1,242,722 shares of class A common stock outstanding, and 100,000 shares of class B common stock outstanding as of August 19, 2024. TABLE OF CONTENTS PART I FINANCIAL INFORMATION 1 Item 1 Unaudited Consolidated Financial Statements 1 Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 1 Consolidated 2 Consolidated 3 Consolidated 4 Notes to Consolidated Financial Statements 5 Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3 Quantitative and Qualitative Disclosures About Market Risk 32 Item 4 Controls and Procedures 32 PART II OTHER INFORMATION 33 Item 1 Legal Proceedings 33 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 3 Defaults Upon Senior Securities 33 Item 4 Mine Safety Disclosures 33 Item 5 Other Information 33 Item 6 Exhibits 33 Signature 34 i SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management's beliefs and assumptions and on information currently available to management, and which statements involve substantial risk and uncertainties. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical fact, including statements regarding our future operating results and financial position, our business strategy and plans, market growth and trends, and objectives for future operations such as our ability to achieve in excess of 100% annual unit growth rate over the next three to five years , our hope to generate future comparable restaurant sales growth , our plan to drive high profitability, and our intention to heighten brand awareness are forward-looking statements. Forward-looking "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These risks and uncertainties include, among other things, th

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