KRUS — what changed in the latest 10-Q
A section-by-section comparison of KRUS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-07 vs the prior 10-Q · 2026-04-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +2 | −3 | ~39 | 44 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +2 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-07
General and administrative expenses. General and administrative expenses were $10.2 million for the three months ended May 31, 2026 compared to $8.7 million for the three months ended May 31, 2025, representing an increase of $1.5 million, or 16.6%. The increase was primarily due to compensation-rel…
Interest income. Interest income was $528 thousand for the three months ended May 31, 2026 compared to $812 thousand for the three months ended May 31, 2025. The decrease was primarily driven by lower interest rates and decrease in investments due to withdraws for cash operating needs.
Text removed vs the prior filing · source: 10-Q · 2026-04-07
General and administrative expenses. General and administrative expenses were $11.0 million for both the three months ended February 28, 2026 and February 28, 2025. This change was primarily due to the increase in compensation-related costs of $0.7 million and $0.2 million of other net expenses, par…
Interest income. Interest income was $582 thousand for the three months ended February 28, 2026 compared to $859 thousand for the three months ended February 28, 2025. The decrease was primarily driven by lower interest rates and withdraws for cash operating needs.
and returns from opening new restaurants. Restaurant-level Operating Profit (Loss) margin allows us to evaluate the level of Restaurant-level Operating Profit (Loss) generated from sales.
Other information
Text added vs the prior filing · source: 10-Q · 2026-07-07
On April 21, 2026, Hajime Uba, our Chairman, President, Chief Executive Officer and Interim Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement, as such term is defined in Item 408(a) of Regulation S-K, that is intended to satisfy the affirmative defense Rule 10b5-1(c). The trading ag…
On May 14, 2026, Brent Takao, our Chief Accounting Officer, adopted a Rule 10b5-1 trading arrangement, as such term is defined in Item 408(a) of Regulation S-K, that is intended to satisfy the affirmative defense Rule 10b5-1(c). The trading agreement provides for the potential exercise and sale of s…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice