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of Yoshiharu We are a fast-growing Japanese restaurant operator and was borne out of the idea of introducing the modernized Japanese dining experience to customers all over the world. Specializing in Japanese ramen, we gained recognition as a leading ramen restaurant in Southern California within six months of our 2016 debut and have continued to expand our top-notch restaurant service across S…
The business is unprofitable at the operating level (-19.90% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 39.3% YoY with margins expanding 18.2pp.
Net debt of $10M represents 84.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$14M
▲ +39.3% YoY
Net Income (TTM)
-$3M
▲ +12.3% YoY
Op. Margin
-27.42%
▲ +18.2pp YoY
ROIC
-22.38%
▲ +5.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +101.9% YoY
Op. Cash Flow (TTM)
-$2M
▲ +119.1% YoY
Net Debt
$10M
Cash & Equiv.
$1M
3Y CAGR: +25.2%
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