“to have / to possess” in Japanese is 有, read yuu, u, a (ゆう, う, あ). It is a Grade 3 Kyōiku kanji, taught in year 3 of Japanese elementary school, and appears in words such as 有名 (famous).
What does 有 mean?
あの店は有名だ。
Same sound, different character — the classic trap. Compare them side by side: