Benihana is the global leader in teppanyaki dining and a premier Anchor Tenant for dominant lifestyle centers, regional malls, and high-profile entertainment districts. Since its acquisition by The ONE Group Hospitality, Inc. (Nasdaq: STKS) in 2024, the brand has shifted toward a high-fidelity "capital-efficient" expansion strategy. For 2026, Benihana is prioritizing asset-light growth, including its new "Benihana Express" small-format casual concept and high-traffic concessions in major sports stadiums like UBS Arena and Yankee Stadium. The brand’s traditional full-service prototype drives massive evening and weekend foot traffic, leveraging its signature theatrical "chef performances" to attract multi-generational, affluent demographics. With a focused National Expansion targeting the West Coast and Northeast, Benihana is currently converting underperforming Kona Grill and RA Sushi sites into high-yielding teppanyaki flagships. For developers, Benihana represents a resilient, destination-grade partner that significantly increases center-wide dwell time and co-tenancy synergy with luxury cinema and lifestyle brands.