We are happy to announce that, in October 2020, we have completed the filing of Yamamura Associates Inc. in Japan. Yamamura Associates, Inc., a California corporation, was dissolved in March 2021, and the Larkspur office was closed at the end of April 2021. Its existing businesses, including Analytics and Consulting Services, are continued to be provided from Japan.

<< Dropping the coffee business >>

In November 2019, we launched a coffee business in Japan and opened a café in Kanda area in Tokyo. This business got off to a good start and the sales showed a solid growth. However, in the spring of 2020, COVID-19 started to spread in Japan, and we had to adjust operation schedules accordingly with temporary store closures or reduced hours. Then after 1 year from the grand opening, we decided to permanently close the café in Tokyo due to the uncertain outlook of the pandemic crisis. Yet, we kept necessary machines to run a coffee shop with an intention to resume coffee business. Then, in 2022, we finally decided to solely drop the coffee business.

We first came up with the idea for launching a coffee business in Japan with cutting-edge technologies to provide quality cups of coffee for a very reasonable price. To be prepared for the business, people with various expertise and technologies helped us to make our ideas come to life. We are so grateful for all the support we received. Unfortunately, we had to give up the coffee business, but are looking forward to stay in touch with them.