Yoshinoya Holdings is taking a 70 percent majority stake in Kizuki Ramen & Izakaya through its U.S. subsidiary in a deal valued at $28.7 million. The agreement includes potential earn-out payments tied to Kizuki's financial performance through 2029, with approximately $7.5 million of the purchase price paid in Yoshinoya shares and the balance in cash. Kizuki, founded in Seattle in 2012, operates 17 restaurants on the West Coast and in Texas and generated about $37.2 million in revenue during 2025. Founder Yi-Chen Ting will continue as CEO, and the chain will keep its current brand and leadership. Yoshinoya said the acquisition supports its goal of becoming the world's largest ramen provider by servings by fiscal 2034.
Yoshinoya Holdings Co., Ltd.Yoshinoya acquires 70% stake in Kizuki for $28.7M, supporting its expansion goal.