Sushi Ginza Onodera

General Information
Business:

We are a sushi restaurant chain based in Japan with 13 sushi, tempura, teppanyaki and makiyaki (firewood cuisine) restaurants around the world. Most of our company-owned locations are in Tokyo with one in Kyoto as well. The company operates restaurants in Los Angeles and Honolulu.  It also runs a restaurant in Shanghai, China. (Incorporated in Delaware)

Sushi Ginza Onodera, Inc., a Delaware corporation, is a food service company headquartered in the Otemachi district of the Chiyoda ward in Tokyo, Japan. The Company opened its first restaurant in Ginza, Tokyo in 2013. The Company now operates thirteen sushi, tempura, teppanyaki, and makiyaki (firewood cuisine) restaurants in regions around the world. The restaurants in Japan that are operated by the Company consist of Kaiten Sushi Ginza Onodera Kyoto in Kyoto, Japan, as well as Sushi Ginza Onodera Souhonten, Sushi Ginza Onodera Honten, Tempura Ginza Onodera Higashi-ginza, Tempura Ginza Onodera Namiki-dori, Makiyaki Ginza Onodera, Sushi Ginza Onodera Otouto Honten, Sushi Ginza Onodera Toryumon, Kaiten Sushi Ginza Onodera Honten, and Tachigui Sushi Ginza Onodera Honten in Tokyo, Japan. The Company also operates restaurants within the United States and China, consisting of Sushi Ginza Onodera in Los Angeles, California, Sushi Ginza Onodera in Honolulu, Hawaii and Ginza Onodera in Shanghai, China. The Company’s slogan is “From Ginza to the World”, which embodies the Company’s mission of spreading refined Japanese culture throughout the world by providing a unique and culturally authentic food experience to every customer.

The Company is a wholly owned subsidiary of LEOC Co., Ltd., a Japan limited company. LEOC Co., Ltd., founded in September 2008, established the “Ginza Onodera” brand in 2013 and began operations in the U.S. and Tokyo. LEOC Co., Ltd. is a wholly owned subsidiary of Onodera Group Co., Ltd., a Japan limited company which is in turn owned by Hiroshi Onodera. 

**Note: Net income and revenue are for the 12 months that ended Sept. 30, 2023.

**Note: A reverse stock split on a ratio of 1-for-4.28571429 ratio was effected on Dec. 1, 2023, according to the prospectus.

(Note: Sushi Ginza Onodera, Inc. filed its S-1/A on Jan. 26, 2024, and disclosed terms for its IPO: 1.07 million shares (1,066,667 shares) at $7.00 to $8.00 to raise $8.0 million. Background: Sushi Ginza Onodera, Inc., filed its S-1 on Dec. 28, 2023, without disclosing terms for its IPO. Estimated IPO proceeds are up to $12.0 million. The company submitted confidential IPO documents to the SEC on Oct. 13, 2023.)

Industry: Restaurant Chain
Employees: 271
Founded: 2013
Contact Information
Address 1-1-3 Otemachi Chiyoda-ku Tokyo 100-0004, Japan
Phone Number +81-3-5220-8550
Web Address https://sushionodera.com/
View Prospectus: Sushi Ginza Onodera
Financial Information
Market Cap $60.5mil
Revenues $23.34 mil (last 12 months)
Net Income $1.79 mil (last 12 months)
IPO Profile
Symbol ONDR
Exchange NASDAQ
Shares (millions): 1.1
Price range $7.00 - $8.00
Est. $ Volume $8.0 mil
Manager / Joint Managers ThinkEquity
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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