KURA SUSHI USA, INC.

Kura Sushi USA, Inc. (Nasdaq: KURA) operates a technology-enabled Japanese restaurant concept that delivers an engaging revolving sushi dining experience across the United States. The company's website is located at www.kurasushi.com.

Founded in 2008 as a subsidiary of Kura Sushi, Inc., a Japan-based revolving sushi chain with over 650 restaurants internationally and 45 years of brand history, Kura Sushi USA opened its first restaurant in Irvine, California in 2009. As of the fiscal year ended August 31, 2025, the company operates 82 restaurants across 22 U.S. states and Washington, DC, with approximately 3,900 employees.

The company's distinctive "Kura Experience" combines authentic Japanese cuisine with proprietary technology including revolving conveyor belts, express belts, tableside touch screens, robotic drink servers, and the Bikkura-Pon rewards machine that dispenses toys when guests reach dining milestones. The menu features approximately 130 items including fresh sushi, gyoza, tempura, soups, ramen, and desserts, with an average plate price of approximately $3.79. All food is prepared without artificial seasonings, sweeteners, colorings, or preservatives.

Kura Sushi's operational model emphasizes efficiency through self-service dining, sushi robots, and automated kitchen equipment that reduces reliance on highly trained chefs. The company employs a flexible real estate strategy, opening restaurants ranging from 1,600 to 7,920 square feet with average seating capacity of approximately 110 guests. New restaurant construction averages approximately five months, with build-out costs averaging approximately $2.5 million per restaurant net of landlord allowances.

The company sources primarily through two major Japanese-related distributors, JFC International Inc. and Mutual Trading Co., Inc., with JFC accounting for 58 percent of total food and beverage costs in fiscal year 2025. Kura Japan, the parent company, owns approximately 67 percent of combined voting power through holdings of Class A and Class B common stock, making Kura Sushi USA a controlled company. The company licenses critical intellectual property from Kura Japan, including trademarks and patents for its food management system and Mr. Fresh dome technology.