Kura Sushi USA's NASDAQ Global Market listing and public offering
First written in FY2019-Q3. 4 of 6 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1AdvancedAnnual report
「¥9,988 million in proceeds from a capital increase by a consolidated subsidiary」
During the interim consolidated accounting period, the company recorded a ¥9,988 million cash inflow from a capital increase by a consolidated subsidiary. The subsidiary that carried out the capital increase is not identified in the text. - FY2024AdvancedAnnual report
「Our consolidated subsidiary Kura Sushi USA, Inc. conducted a public offering on 13 November 2024 (local time), and payment was completed. The offering comprised 800,328 common shares at an issue price of $85.00 per share. The total amount transferred to capital (capital surplus) was $64.6 million. The ownership interest was 45.5% before the offering and 42.5% after the offering.」
Kura Sushi USA completed a public offering in November 2024, raising $64.6 million for capital expenditures, working capital and other purposes. The parent company's ownership interest decreased from 45.5% to 42.5%. - FY2023-Q2AdvancedAnnual report
「Our consolidated subsidiary Kura Sushi USA, Inc. conducted a public offering on 13 April 2023 (local time), and payment was completed. The details are as follows. 1. Overview of the capital increase by the consolidated subsidiary (1) Type and number of shares to be issued: Common shares, 1,265,000 shares (2) Issue price: $54.00 per share (4) Total amount transferred to capital (capital surplus): $64.9 million (8) Ownership interest before the offering: 52.2% (9) Ownership interest after the offering: 46.3%」
Kura Sushi USA completed a public offering on 13 April 2023, raising $64.9 million through the issuance of 1,265,000 shares. The parent company's ownership interest decreased from 52.2% to 46.3%. - FY2021-Q3AdvancedAnnual report
「The Company's consolidated subsidiary, Kura Sushi USA, Inc. (hereinafter, “KSU”), conducted a public offering on 23 July 2021 (local time), and payment was completed. On 23 July 2021, the Company also resolved to subscribe for part of the new shares issued by KSU in the public offering.」
KSU completed a public offering of 1,265,000 common shares on 23 July 2021 at $45.00 per share. The parent company subscribed for 126,500 shares for a total of $5.7 million, and its ownership interest decreased from 59.3% to 52.9% following the offering. The funds were used for capital expenditures, repayment of borrowings from the parent company, and working capital, among other purposes. - FY2019AchievedAnnual report
「In addition, Kura Sushi USA, Inc., the US subsidiary, was listed on the NASDAQ Global Market in August 2019. It was the first initial public offering (IPO) by a subsidiary of a Japanese restaurant company, and the Company will accelerate its US store expansion through the funds raised, as well as increased name recognition and trust.」
The full-year report confirms that Kura Sushi USA completed its listing on the NASDAQ Global Market and indicates a policy of using the funds raised and greater name recognition to accelerate store openings in the US. - FY2019-Q3First statedAnnual report
「The Company's subsidiary, Kura Sushi USA, Inc. (hereinafter, “KSU”), was listed on the NASDAQ Global Market on 1 August 2019 (local time). In connection with the listing, KSU issued new shares as described below, and payment was completed on 5 August 2019 (local time).」
The US subsidiary KSU was listed on the NASDAQ Global Market on 1 August 2019 and publicly offered 3,335,000 common shares at US$14.00 per share, with payment completed on 5 August. The proceeds are to be used as working capital for KSU.