US President Donald Trump may have purchased shares of the Kura Sushi USA chain of conveyor sushi restaurants for between $1 million and $5 million, likely confusing the company with a technology business. This was reported on May 19 by the Japanese publication Yomiuri Shimbun.
According to journalists, the investment was carried out in parallel with Trump's active investments in technology companies, in particular in the sector related to artificial intelligence.
Against this background, in Japan they began to discuss the version that the purchase could have been a mistake due to the similarity of the names. According to Futurism, the point is that the name Kura could be confused with the Japanese company Fujikura, which works in the field of fiber-optic technologies and supplies equipment for the IT industry.
According to commentators, it was Trump's interest in technology assets that could cause possible confusion between companies with similar names.
Following the announcement of the investment, shares of Kura Sushi USA rose about 5.4%, while Fujikura shares lost more than 45% for the week.
