Leidi.com Rakuten reported on August 2 on
Japanese well-known chain slalom sushi store Kura Sushi (Kura Sushi) was listed on Nasdaq yesterday with the stock code KRUS, the issue price is US$14, and the funds raised are 40.6 million.
Tibetan sushi opens at US$14.89, up 6.35% from the issue price; closes at US$19.61, up 40.07% from the issue price, and the current market value is US$150 million.
According to reports, Tibetan Sushi has more than 400 branches in Japan and more than ten overseas stores. The assets listed this time are American branches.
Tibetan Sushi provides guests with a small plate menu that includes over 140 fresh foods derived from the company's ancient techniques and ingredients concepts that contain no artificial seasonings, sweeteners, pigments and preservatives.
As of May 31, 2019, Tibetan sushi operates a total of 21 restaurants in the United States, California , Texas , Georgia and Illinois, and the number of stores is expected to grow at a rate of 20% per year.
prospectus shows that the revenue of Tibetan Sushi for the fiscal year ended August 31, 2017 and the fiscal year ended August 31, 2018 was US$37.25 million and US$51.74 million, respectively; the net profit was US$700,000 and US$1.74 million, respectively; the net profit margin of
Tibetan Sushi for the fiscal year ended August 31, 2018 was 3.36%, and the net profit margin of the previous fiscal year was 1.87%.
Tang Sushi revenue for the nine months ended May 31, 2019 was US$45.49 million, and net profit was US$540,000, a decrease from US$760,000 in the same period last year. Tibetan Sushi's net profit margin for 9 months was only 1.18%.
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