Yoshiharu Global Co. (NASDAQ:YOSH) (the "Company"), today announced that it plans to change its corporate name to Vestand Inc., and has secured $6.0 million in strategic funding from U.S. and Korean investors to support this transition into a PropTech company. The Company also announced a substantial enhancement of its internal control policy, reinforcing its commitment to transparency and long-term growth as a publicly listed entity.
Corporate Name Change and Business Transition
On July 10, 2025, the Company's Board of Directors approved the name change to Vestand Inc., marking its transformation from a traditional restaurant operator into a diversified brand that also includes real estate development and digital asset ventures. The Company has initiated the renaming process, including a symbol change on Nasdaq, which will be publicly announced upon completion.
Strategic Investment and Asset Expansion
The $6.0 million in strategic capital, funded by U.S. and Korean investors, was executed in March and April of 2024. These funds have supported corporate restructuring, debt repayment, and the successful acquisition of four residential properties in California. The Company aims to raise an additional $30.0+ million by the first half of 2027, targeting a cumulative $100 million in real estate investments.
PropTech Strategy and Collaboration
The Company has entered into a collaboration with Good Mood Studio, a U.S.-based developer with experience in over 1,400 real estate transactions, to deploy:
- AI-powered Automated Valuation Models (AVM),
- Renovation strategies, and
- A short-term buy-and-resell model
Several projects are expected to yield over 30% Return on Equity (ROE), based on the average transaction prices of comparable properties in surrounding areas.
In addition, the Company has made an early investment in Wealthrail, a fractional real estate investment platform that integrates digital assetization, including tokenized securities (STO). This strategy blends short-term flipping with long-term hold opportunities, creating a next-generation distributed real estate investment ecosystem.
Strengthening Internal Controls
Under the leadership of its CEO and CFO, the Company has launched a new initiative to fortify its internal control framework and embed it into the Company's corporate culture. With a robust monitoring and audit system now in place, Yoshiharu aims to ensure strict compliance with regulatory requirements and to align its governance practices with the expectations of shareholders and the broader market.
The enhanced internal control policy was reviewed and formally approved by the Board of Directors on July 10, 2025, and the Company resolved to publicly disclose the initiative in the interest of transparency and accountability.
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