SCHEDULE 13G: 12 West Capital Management Discloses 5% Stake in Kura Sushi USA

12 West Capital Management LP and its sole member Joel Ramin have disclosed a 5.0% beneficial ownership stake in Kura Sushi USA, Inc. Class A Common Stock.

Summary

• 12 West Capital Management LP and Joel Ramin, its sole member, have filed a Schedule 13G indicating beneficial ownership of Kura Sushi USA, Inc. Class A Common Stock.
• The reporting persons collectively beneficially own 556,415 shares of Class A Common Stock.
• This ownership represents 5.0% of the total Class A Common Stock outstanding.
• The percentage is calculated based on 11,060,701 shares of Class A Common Stock outstanding as of November 26, 2024, as reported in the Company's Definitive Proxy Statement on Schedule 14A filed on December 11, 2024.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Kura Sushi USA, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no explicit positive or negative sentiment regarding the company's performance or outlook. The acquisition of a significant stake by an investment firm is generally viewed neutrally to positively by the market.

Positives

• A significant stake (5.0%) by an investment firm like 12 West Capital Management can signal confidence in the company's future prospects to other investors.

Future Outlook

This document is a beneficial ownership disclosure and does not contain forward-looking statements or guidance from the issuer or the reporting persons regarding the issuer's future performance.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing indicates a significant investment by a capital management firm in a publicly traded restaurant company, reflecting investor interest in the consumer discretionary sector, specifically the casual dining or specialty restaurant segment.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by an institutional investor may be perceived positively, potentially increasing investor confidence and interest in Kura Sushi USA, Inc. stock.

Next Steps

• 12 West Capital Management LP and Joel Ramin will be responsible for timely filing of any subsequent amendments to this Schedule 13G if their beneficial ownership changes significantly.

Key Dates

Keywords

Kura Sushi USA, 12 West Capital Management, Joel Ramin, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment Management, SEC Filing