Kura Sushi, a well-known Japanese chain of slalom sushi stores, was recently listed on Nasdaq with the stock code KRUS, the issue price is US$14, and the funds raised are US$40.6 million.
Tibetan sushi opened at US$14.89, up 6.35% from the issue price; closed at US$19.61, up 40.07% from the issue price, and market value was US$150 million.
Zang Sushi’s stock price is US$24.4 today, up 24.45%, up 74.2% in two days, and the current market value of Zang Sushi has reached US$190 million.
According to reports, Tibetan Sushi has more than 400 branches and more than ten overseas stores in Japan, and the assets listed this time are American branches.
Tibetan Sushi offers guests a small plate menu that includes over 140 fresh foods derived from the company's ancient techniques and ingredients that do not contain artificial seasonings, sweeteners, pigments and preservatives.
As of May 31, 2019, Tibetan sushi operates 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%.
Tangsushi's revenue for the nine months ended May 31, 2019 was US$45.49 million, and its 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%.
This article is from Leidi Touch.com
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