SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain Significant Passive Stake in Kura Sushi USA Inc.

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a 9.2% passive beneficial ownership stake in Kura Sushi USA Inc. as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly filed Amendment No. 3 to Schedule 13G concerning their beneficial ownership of KURA SUSHI USA INC's Class A Common Stock.
• As of March 31, 2025, the reporting persons collectively beneficially own 1,018,398.66 shares of Class A Common Stock.
• This ownership represents 9.2% of the total outstanding Class A Common Stock of KURA SUSHI USA INC.
• FMR LLC holds sole voting power over 1,015,600 shares and sole dispositive power over 1,018,398.66 shares.
• Abigail P. Johnson holds sole dispositive power over 1,018,398.66 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership, providing factual information without expressing sentiment on the issuer's performance or outlook.

Positives

• The continued significant beneficial ownership by a major institutional investor like FMR LLC (Fidelity) may signal ongoing confidence in Kura Sushi USA Inc.'s long-term prospects.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Kura Sushi USA Inc.'s future performance or outlook.

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." (Certification by FMR LLC and Abigail P. Johnson)

Industry Context

This filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide specific insights into broader industry trends or competitive dynamics within the restaurant or sushi industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake in the company.
• Investors: Offers insight into the continued interest of a major asset manager in Kura Sushi USA Inc.

Key Dates

Keywords

KURA SUSHI USA INC, KURA, SUSHI, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class A Common Stock, institutional investor, passive investment