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BUENA PARK, Calif. - Yoshiharu Global Co. (NASDAQ:YOSH), a Japanese ramen restaurant operator, announced Friday that its board of directors and stockholders have approved a 4-for-1 forward stock split of the company’s Class A and Class B common stock. The announcement comes as the stock has shown significant volatility, with InvestingPro data showing a 75% surge over the past six months despite a recent 24% weekly decline.
Under the split, shareholders will receive three additional shares for each share held as of July 28, 2025, which is the designated record date. The additional shares are expected to be distributed after market close on July 30, 2025, with the stock beginning to trade on a post-split basis when markets open on July 31, 2025.
The company stated that the forward stock split is intended to encourage interest in its Class A common stock and potentially promote greater liquidity for stockholders. The par value of the shares will remain unchanged at $0.001 per share.
Yoshiharu Global will continue trading on the Nasdaq Capital Market under its existing "YOSH" symbol. VStock Transfer is serving as the transfer and exchange agent for the split and will deliver new certificates representing the additional shares to stockholders. The company will cover the costs associated with canceling old certificates and issuing new ones.
According to the press release statement, Yoshiharu specializes in Japanese ramen and operates 15 restaurants across Southern California and Las Vegas since its debut in 2016. The company has achieved impressive revenue growth of 42% over the last twelve months, though InvestingPro subscribers can access additional insights about the company’s financial health and growth prospects.
In other recent news, Yoshiharu Global Co. has announced a significant pivot from its restaurant operations to focus on real estate development and digital asset ventures. The company will change its name to Vestand, Inc., reflecting its strategic shift towards becoming a PropTech player. As part of this transition, Yoshiharu has partnered with Good Mood Studio and Wealthrail, investing $2 million for a 10% stake in the latter, a real estate tokenization platform. The company plans to leverage AI and tokenization technologies to enhance its real estate ventures.
Additionally, Yoshiharu Global has expanded its authorized shares from 50 million to 100 million, potentially providing more flexibility for future corporate actions. The company also announced temporary closures of all its restaurant locations for an internal audit and operational review, lasting approximately three days. In another development, Yoshiharu has undergone changes in its Board of Directors, with Sungjoon Chae stepping down and new nominations for Seongjin Kim and Ji-Won Kim, who is also serving as Co-Chief Executive Officer.
These developments indicate Yoshiharu Global’s strategic efforts to diversify and strengthen its market position. The company has not disclosed any familial ties or reportable transactions related to the board nominations. Investors are advised to refer to Yoshiharu’s recent 8-K filings for detailed information on these changes.
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