| USD | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | 12.84M | 9.21M | 8.28M | 6.54M | 3.17M |
| YoY Growth | +39.3% | +11.3% | +26.7% | +106.1% | — |
| Gross Profit | 1.52M | 364,394 | 166,095 | 214,590 | (27,083) |
| Gross Margin | 11.8% | 4.0% | 2.0% | 3.3% | -0.9% |
| R&D | — | — | — | — | — |
| SG&A | 3.93M | 3.88M | 3.03M | 2.07M | 408,653 |
| EBIT | (2.18M) | (2.77M) | (3.38M) | (1.56M) | (386,181) |
| EBIT Margin | -17.0% | -30.1% | -40.8% | -23.9% | -12.2% |
| D&A | 862,146 | 545,549 | 658,371 | 138,665 | 114,478 |
| EBITDA | (1.31M) | (2.23M) | (2.72M) | (1.42M) | (271,699) |
| EBITDA Margin | -10.2% | -24.2% | -32.9% | -21.8% | -8.6% |
| Net Income | (2.67M) | (3.04M) | (3.49M) | (1.63M) | (450,128) |
| Net Margin | -20.8% | -33.0% | -42.1% | -24.9% | -14.2% |
| EPS (diluted) | $-0.50 | $-0.57 | $-0.81 | $-0.03 | $-0.09 |
| Shares (dil., M) | 5 | 5 | 4 | 53 | 5 |
Company Brief
Vestand Inc., previously Yoshiharu Global Co., is a fast-growing restaurant operator specializing in authentic Japanese ramen & rolls. It operates 15 restaurants across Southern California and Las Vegas. The company announced a corporate rebranding effective September 3, 2025, shifting from a traditional restaurant business into a diversified asset-backed platform incorporating a corporate-level Crypto Treasury strategy alongside real estate holdings. This strategic transformation aims to combine stable shareholder returns with the growth potential in digital assets.
| Gross Margin | 7.3% |
| EBITDA Margin | -8.0% |
| EBIT Margin | -14.7% |
| Net Margin | -19.2% |
| FCF Margin | 0.9% |
| ROE | -69.0% |
| ROIC | -16.2% |
| ROA | -11.0% |
| ROCE | -20.2% |
| Asset Turnover | 0.57× |
| ROIC | -16.2% |
| ROE | -69.0% |
| ROA | -11.0% |
| ROCE | -20.2% |
| Asset Turnover | 0.57× |
| FCF Margin | 0.9% |
| Net Margin | -19.2% |
| Insider buys (12m) | — |
| Insider sells (12m) | 20 / 106K sh |
| Float | 52.7% |
| Shares Out. | 5.7M |
| Mean Target | — |
| Median Target | — |
| High Target | — |
| Low Target | — |
| vs. Mean | — |
| Buy / Hold / Sell | — |
| Cash & ST Invest. | $1.2M |
| Total Debt | $15.4M |
| Net Cash / (Debt) | -$14.2M |
| Total Assets | $17.6M |
| Total Equity | $255K |
| Goodwill & Intang. | $2.5M |
| Tangible Book/sh | $0.37 |
| Current Ratio | 0.57× |
| Quick Ratio | 0.53× |
| D/E Ratio | 2.64× |
| Debt / Assets | 64.9% |
| Net Debt / EBITDA | -12.76× |
| Interest Coverage | -5.79× |
| Beta (5yr) | 0.63 |
| Revenue 1yr | +39.3% |
| Revenue 3yr | +25.2% |
| Revenue 5yr | +41.9% |
| EPS 1yr | — |
| EPS 3yr | — |
| EPS 5yr | — |
| FCF 5yr | — |
| Dividend 5yr | — |
No dividend paid.
| Capex | $762K |
| Capex / Revenue | 5.9% |
| SBC | $0 |
| Dividends Paid | $0 |
| Buybacks | $0 |
| Gross Margin | 7.3% |
| EBITDA Margin | -8.0% |
| EBIT Margin | -14.7% |
| Net Margin | -19.2% |
| FCF Margin | 0.9% |
| ROE | -69.0% |
| ROIC | -16.2% |
| ROA | -11.0% |
| ROCE | -20.2% |
| Asset Turnover | 0.57× |
| ROIC | -16.2% |
| ROE | -69.0% |
| ROA | -11.0% |
| ROCE | -20.2% |
| Asset Turnover | 0.57× |
| FCF Margin | 0.9% |
| Net Margin | -19.2% |
| Insider buys (12m) | — |
| Insider sells (12m) | 20 / 106K sh |
| Float | 52.7% |
| Shares Out. | 5.7M |
| Mean Target | — |
| Median Target | — |
| High Target | — |
| Low Target | — |
| vs. Mean | — |
| Buy / Hold / Sell | — |
| USD | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | 12.84M | 9.21M | 8.28M | 6.54M | 3.17M |
| YoY Growth | +39.3% | +11.3% | +26.7% | +106.1% | — |
| Gross Profit | 1.52M | 364,394 | 166,095 | 214,590 | (27,083) |
| Gross Margin | 11.8% | 4.0% | 2.0% | 3.3% | -0.9% |
| R&D | — | — | — | — | — |
| SG&A | 3.93M | 3.88M | 3.03M | 2.07M | 408,653 |
| EBIT | (2.18M) | (2.77M) | (3.38M) | (1.56M) | (386,181) |
| EBIT Margin | -17.0% | -30.1% | -40.8% | -23.9% | -12.2% |
| D&A | 862,146 | 545,549 | 658,371 | 138,665 | 114,478 |
| EBITDA | (1.31M) | (2.23M) | (2.72M) | (1.42M) | (271,699) |
| EBITDA Margin | -10.2% | -24.2% | -32.9% | -21.8% | -8.6% |
| Net Income | (2.67M) | (3.04M) | (3.49M) | (1.63M) | (450,128) |
| Net Margin | -20.8% | -33.0% | -42.1% | -24.9% | -14.2% |
| EPS (diluted) | $-0.50 | $-0.57 | $-0.81 | $-0.03 | $-0.09 |
| Shares (dil., M) | 5 | 5 | 4 | 53 | 5 |
Company Brief
Vestand Inc., previously Yoshiharu Global Co., is a fast-growing restaurant operator specializing in authentic Japanese ramen & rolls. It operates 15 restaurants across Southern California and Las Vegas. The company announced a corporate rebranding effective September 3, 2025, shifting from a traditional restaurant business into a diversified asset-backed platform incorporating a corporate-level Crypto Treasury strategy alongside real estate holdings. This strategic transformation aims to combine stable shareholder returns with the growth potential in digital assets.
| Cash & ST Invest. | $1.2M |
| Total Debt | $15.4M |
| Net Cash / (Debt) | -$14.2M |
| Total Assets | $17.6M |
| Total Equity | $255K |
| Goodwill & Intang. | $2.5M |
| Tangible Book/sh | $0.37 |
| Current Ratio | 0.57× |
| Quick Ratio | 0.53× |
| D/E Ratio | 2.64× |
| Debt / Assets | 64.9% |
| Net Debt / EBITDA | -12.76× |
| Interest Coverage | -5.79× |
| Beta (5yr) | 0.63 |
| Revenue 1yr | +39.3% |
| Revenue 3yr | +25.2% |
| Revenue 5yr | +41.9% |
| EPS 1yr | — |
| EPS 3yr | — |
| EPS 5yr | — |
| FCF 5yr | — |
| Dividend 5yr | — |
No dividend paid.
| Capex | $762K |
| Capex / Revenue | 5.9% |
| SBC | $0 |
| Dividends Paid | $0 |
| Buybacks | $0 |