SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.4% Stake in Kura Sushi USA Inc.
Beneficial Ownership Disclosure
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly disclosed a beneficial ownership of 10.4% of Kura Sushi USA Inc.'s Class A Common Stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, collectively beneficially own 1,144,831 shares of Kura Sushi USA Inc.'s Class A Common Stock.
- This aggregate amount represents 10.4% of the total outstanding Class A Common Stock.
- FMR LLC holds sole voting power over 1,142,140 shares and sole dispositive power over 1,144,831 shares.
- Abigail P. Johnson, who is a Director, Chairman, and CEO of FMR LLC, is deemed to beneficially own the same 1,144,831 shares, primarily through her association with FMR LLC.
- The filing is an Amendment No. 2 to Schedule 13G, indicating a passive investment not intended to change or influence control of the issuer.
- The beneficial ownership is held in the ordinary course of business.
- One or more other persons have the right to receive dividends or proceeds from the sale of these securities, but no single other person's interest exceeds five percent of the total outstanding Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Schedule 13G) disclosing beneficial ownership. It is factual and neutral in tone, providing no positive or negative operational or financial news, thus a neutral sentiment score is appropriate.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of passive institutional ownership in Kura Sushi USA Inc., a company operating in the restaurant industry. It does not provide specific insights into industry trends or competitive positioning, but rather reflects an investment firm's stake in the company.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can be a factor in assessing investor confidence and liquidity. The passive nature of the stake suggests no immediate intent to influence corporate strategy.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date for ownership). |
| 2025-02-11 | Filing date of the Schedule 13G Amendment No. 2. |
Keywords
KURA SUSHI USA INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Institutional Ownership, Passive Investment
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