V
Vestand Inc.
Period
FY 2024
Revenue
$12.84M
Net Income
$-2.67M
Total Assets
$17.57M
Equity
$255.4K
Shares Out
11.94M
Op. Cash Flow
$875.2K
Business
Vestand Inc. (trading as Yoshiharu) operates a chain of fast-casual Japanese ramen restaurants specializing in handcrafted bone broth, signature tonkotsu ramen, sushi, bento boxes, and other Japanese cuisine. The company owns and operates restaurants in Southern California and Las Vegas, with a presence of 16 locations (12 in California, 3 in Las Vegas, and 1 under construction) as of the filing date. Yoshiharu generates revenue through dine-in service, delivery, pickup, and catering, targeting diverse demographics in high-traffic retail centers with above-average household income.
Summary from 10-K filed 2025-03-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|
| Revenue from Contract with Customer, Product and Service [Extensible Enumeration] | — | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2024 2024-04-30 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 1 | — | 1 | 7 | 1 | |
| Accounts receivable | 84,110 | — | — | — | — | |
| Inventories | 139,422 | — | 73,023 | 60,899 | 36,573 | |
| Total current assets | 1 | — | 2 | 7 | 1 | |
| Property and equipment, net | 5 | — | 4 | 3 | 2 | |
| Operating lease right-of-use asset, net | 7 | — | 5 | 6 | 2 | |
| Intangible asset | 491,223 | 531,051 | — | — | — | |
| Goodwill | 2 | 2 | — | — | — | |
| Other assets | 1 | — | 2 | 308,353 | 157,949 | |
| Total non-current assets | 16 | — | 11 | 9 | 5 | |
| Total assets | 18 | — | 13 | 16 | 6 | |
| Accounts payable and accrued expenses | 843,322 | — | 647,811 | 744,101 | 2 | |
| Line of credit | 1 | — | 1 | 300,000 | — | |
| Current portion of operating lease liabilities | 975,210 | — | 572,230 | 458,803 | 214,994 | |
| Current portion of bank notes payables | 1 | — | 414,378 | 265,943 | 235,662 | |
| Current portion of loan payable, EIDL | 10,924 | — | 10,526 | 39,652 | — | |
| Loans payable to financial institutions | 34,282 | — | 534,239 | — | 100,334 | |
| Due to related party | 732,710 | — | 24,176 | 5,915 | 88,437 | |
| Other payables | 1 | — | 65,700 | 5,915 | — | |
| Total current liabilities | 6 | — | 3 | 2 | 4 | |
| Operating lease liabilities, less current portion | 7 | — | 6 | 6 | 2 | |
| Bank notes payables, less current portion | 2 | — | 991,951 | 1 | 1 | |
| Loan payable, EIDL, less current portion | 404,490 | — | 415,339 | 410,348 | — | |
| Notes payable to related party | 600,000 | — | — | — | — | |
| Convertible notes to related party | 1 | — | — | — | — | |
| Total liabilities | 17 | — | 10 | 10 | 8 | |
| Commitments and contingencies | — | — | — | — | — | |
| Additional paid-in-capital | 12 | — | 12 | 12 | — | |
| Accumulated deficit | −12 | — | −9 | −6 | −3 | |
| Total stockholders equity | 255,399 | — | 3 | 6 | −2 | |
| Total liabilities and stockholders equity | 18 | — | 13 | 16 | 6 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|
| Amortization | 39,828 | — | — | — | |
| Accounts Receivable | −84,110 | — | — | — | |
| Inventories | −53,614 | −12,124 | −24,326 | −20,837 | |
| Other assets | 896,567 | −1 | −150,404 | −105,732 | |
| Accounts payable and accrued expenses | 198,979 | −33,915 | 883,871 | 296,917 | |
| Due to related party | 708,534 | −148,544 | −1 | — | |
| Other payables | 1 | 59,785 | −16,822 | — | |
| Net cash provided by (used in) operating activities | 875,224 | −5 | −4 | 194,143 | |
| Purchases of property and equipment | −761,527 | −1 | −1 | −896,615 | |
| Acquisition of LV entities | −2 | — | — | — | |
| Net cash used in investing activities | −3 | −1 | −1 | −896,615 | |
| Advance from line of credit | — | 700,000 | 300,000 | — | |
| Proceeds from borrowings for acquisition of LV entities | 900,000 | — | — | — | |
| Proceeds from borrowings | 1 | 812,000 | 258,133 | 1 | |
| Repayments on bank notes payables | −433,799 | −715,892 | −209,719 | −167,145 | |
| Proceeds from loan payable to financial institutions | — | 595,400 | — | — | |
| Repayment of loan payable to financial institutions | −499,957 | −61,161 | — | — | |
| Proceeds from sale of common shares | 267,789 | 56,000 | 10 | 1 | |
| Net cash provided by financing activities | 1 | 1 | 11 | 2 | |
| Net decrease in cash | −221,290 | −5 | 5 | 1 | |
| Note payable to related party acquisition of LV entities (seller carry) | 600,000 | — | — | — | |
| Convertible notes to related party | 1 | — | — | — | |
| Interest | 443,487 | 218,153 | 88,300 | 52,224 | |
| Income taxes | 34,237 | 48,647 | 19,245 | 14,649 |
Filings
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Frequently asked questions
What is Vestand Inc.'s CIK number?
Vestand Inc.'s SEC CIK number is 0001898604 (1898604). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Vestand Inc.'s SEC filings?
All of Vestand Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.