Vestand Inc.

Vestand Inc.

VSTD
Vestand Inc.US flagNASDAQ Global Market
0.18
USD
+0.00
- -
1.04MMarket Cap
Vestand Inc.
VSTD
(NASDAQ Global Market)

Recent

price

0.18

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
TTM
FRC
0.78
0.61
1.26
1.92
1.73
2.39
2.41
Revenue per Share
-0.03
-0.09
-0.32
-0.81
-0.57
-0.5
-0.57
Basic EPS, GAAP
0.12
-0.08
-0.14
-1.22
-1.14
0.02
-0.37
Free Cash Flow per Basic Share
0.13
0.13
0.13
- -
- -
- -
- -
Dividend per Share
-0.14
-0.23
-0.54
-1.46
-1.76
-2.23
-2.54
Book Value per Share
-0.06
-0.26
-0.45
1.31
0.5
-0.41
0.39
Tangible Book Value per Share
5
5
5
4
5
5
6
Basic Weighted Avg Shares
4
3
7
8
9
13
14
Sales/Revenue/Turnover
-1.59
-13.74
-28.45
-45.69
-38.15
-19.9
-27.42
Operating Margin (%)
- -
- -
- -
1
1
1
1
Depreciation Expense
- -
- -
-2
-3
-3
-3
-3
Net Income, GAAP
- -
- -
- -
- -
- -
- -
0.15
Effective Tax Rate (%)
-3.3
-14.2
-24.94
-42.11
-32.99
-20.76
-23.83
Profit Margin (%)
-1
-2
-3
4
-2
-5
-2
Working Capital
2
3
5
8
7
11
9
LT Debt
- -
-1
-2
6
3
- -
5
Total Equity
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
-82.05
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
4
4
3
LT Borrowings
4
3
3
LT Finance Leases
7
7
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
7
10
Market Capitalization
4
17
14

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1
4
3
Cash, Cash Equivalents & STI
1
3
1
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
6
6
5
Payables & Accruals
2
2
2
ST Debt
4
4
3
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-16.7%
-90.37%
Free Cash Flow
- -
93.99%
-101.88%
Net Income, GAAP
- -
117.32%
-12.32%
Sales/Revenue/Turnover
- -
32.31%
39.33%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2
2
2
3
9
2024
3
3
3
4
13
2025
4
4
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.25
-0.21
-0.17
- -
-0.57
2024
-0.16
-0.2
-0.23
- -
-0.5
2025
-0.24
-0.2
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
Vestand Inc. (NASDAQ: VSTD) is a California-based PropTech company that owns and operates Japanese restaurants while transitioning into AI-driven real estate investment, property flipping, and security token offerings (STOs); it provides restaurant services including bone broth, ramen, rice bowls, appetizers, sushi rolls, bento boxes, and other Japanese cuisines, alongside real estate services such as property acquisition with location scouting and market research, property development including renovations and construction management, financial management encompassing loan securing and K-1 filings, and property management for stabilization, marketing, and sales. The company operates primarily in California, with real estate projects in locations including Burbank, San Diego, Long Beach, and Brea targeting over 30% return on equity through flip-and-hold strategies; it also offers an AI-powered platform for real-time market analytics, purchase timing predictions, and risk minimization in portfolio management. Founded in 2016 and headquartered in Brea, California, Vestand Inc. serves consumer dining customers and real estate investors seeking data-driven, asset-backed opportunities in the hospitality and PropTech sectors. In recent strategic developments, Vestand Inc., formerly known as Yoshiharu Global Co., changed its name in September 2025 to reflect its pivot from restaurant operations to a scalable digital PropTech platform; the company secured $6.0 million in funding from U.S. and Korean investors in March-April 2024 to support corporate restructuring, debt repayment, and acquisition of four residential properties in California. It formed a strategic investment in Wealthrail acquiring 10% equity for an AI and STO platform providing instant liquidity, alongside a joint venture with Good Mood Studio leveraging the developer's 1,400+ project track record for on-site expertise and capital execution in renovations; ongoing projects include San Diego (estimated 32% ROE and $148K profit), Burbank (31% ROE), and Long Beach (30% ROE with rental income). Amid this expansion aiming for $100 million in cumulative real estate investments by mid-2027, Vestand received a Nasdaq notice in December 2025 for late quarterly filing non-compliance, appointed new CFO Jaeho Yoon and Chief Compliance Officer Andrew Yun, and is restating financials from 2021 through Q2 2025 due to inaccuracies while replacing its independent auditor.

Company News

APIChatGPT
  • Vestand Receives Nasdaq Staff Determination Notification Regarding Late 10-Q and 10-K Filings and Continued Listing Requirements

  • Vestand Receives Nasdaq Notification Regarding Late 10-K Filing and Continued Listing Requirements

  • Vestand Appoints Jaeho Yoon as Chief Financial Officer and Andrew Yun as Chief Compliance Officer

  • Yoshiharu Announces Corporate Name Change to Vestand Inc. and Ticker Change to “VSTD”

  • Yoshiharu Global Co. Announces Strategic Transition to Vestand Inc.

  • Yoshiharu Announces 4-For-1 Stock Split

  • Yoshiharu Announces New Executives and Board Appointments

  • Yoshiharu Partners with Good Mood Studio and Wealthrail to Enter U.S. Real Estate Market

  • Yoshiharu Reports First Quarter 2025 Financial Results

  • Yoshiharu Provides Corporate Update and Fourth Quarter and Full Year 2024 Financial Results

  • Yoshiharu Announces Financing Agreements Increasing Stockholders' Equity Above the $2.5 Million Threshold Required for Continued Listing on Nasdaq

  • Yoshiharu Appoints Sungjoon Chae to the Board of Directors

  • Yoshiharu Provides Update to Delisting Notice from Nasdaq on Stockholders' Equity

  • Yoshiharu Ikeda Appointed new CEO of Primetals Technologies

  • Yoshiharu Announces Grand Opening of New Menifee, CA Location on Wednesday, March 12

  • Yoshiharu Intends to Appeal Delisting Notice from Nasdaq

  • Yoshiharu Announces Financing Commitments of up to $11.0 Million

  • Yoshiharu Reports Third Quarter 2024 Financial Results

  • Yoshiharu Announces Grand Opening of New San Clemente, CA Location on Thursday, October 31

  • Yoshiharu Announces Strategic Partnership with Chengdu Octaday Entertainment Group for Sichuan Province, China