Belluna Co., Ltd. (9997) AI Stock Analysis

• Market Cap: €103.74B
• Dividend Yield: 2.8%
• Average Volume (3M): 274.38K
• Price to Earnings (P/E): 11.9
• Beta (1Y): 0.57
• Revenue Growth: 1.20%
• EPS Growth: 57.47%
• Country: JP
• Employees: 3,825
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 7.68
• Shares Outstanding: 97,244,470
• 10 Day Avg. Volume: 363,370
• 30 Day Avg. Volume: 274,376
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €979.02
• Price Target Upside: -8.76% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 70 Outperform
• Price Target: ¥980.00 ▼(-8.67% Downside)

The overall stock score reflects a strong financial performance and attractive valuation, balanced by technical indicators pointing to a neutral market position. The lack of earnings call data and significant corporate events places greater emphasis on the available financial and technical data, highlighting the need for careful monitoring of debt levels and cash flow management.

Belluna Co., Ltd. Business Overview & Revenue Model

Company Description

Belluna Co., Ltd. is a diversified Japanese corporation primarily engaged in mail-order retail and e-commerce. The company operates across several sectors, including fashion, food, cosmetics, and lifestyle products, catering to a broad consumer base. Belluna also manages real estate and financial services, expanding its business portfolio beyond traditional retail.

How the Company Makes Money

Belluna Co., Ltd. generates revenue through a multi-faceted approach. The primary source of income is its mail-order and e-commerce business, where it offers a wide range of products, including clothing, gourmet foods, and personal care items, sold through catalogs and online platforms. The company also earns from its real estate business by leasing properties and managing real estate investments. Additionally, Belluna provides financial services, including credit and insurance products, which contribute to its diversified revenue streams. Strategic partnerships and a strong distribution network further support its earnings by enhancing market reach and operational efficiency.

Belluna Co., Ltd. Financial Statement Overview

Summary

Belluna Co., Ltd. shows strong revenue generation and solid profit margins. However, increasing debt levels and challenges with free cash flow management suggest potential risks that need addressing.

Income Statement

Belluna Co., Ltd. has shown a consistent revenue trend over the years with a slight dip in 2025. The Gross Profit Margin remains strong, reflecting efficient cost management. However, the Net Profit Margin has shown fluctuations, indicating some volatility in managing operational expenses. The EBIT and EBITDA margins are solid, contributing to overall profitability, though there's room for improvement in stabilizing net income.

Balance Sheet

The company's balance sheet indicates a reasonable equity position with a Debt-to-Equity Ratio that has increased over recent years, suggesting higher leverage. Return on Equity is healthy, indicating efficient use of equity. The Equity Ratio shows a stable capital structure, but increasing debt levels could pose a risk if not managed carefully.

Cash Flow

Belluna's cash flow statement highlights challenges with Free Cash Flow, which has been negative in recent years. The Operating Cash Flow to Net Income Ratio is positive, suggesting that operating activities are generating sufficient cash relative to net income. However, the Free Cash Flow to Net Income Ratio indicates potential issues in covering net income with free cash flow, warranting attention to capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	210.86B	210.86B	208.30B	212.38B	220.13B	206.49B
Gross Profit	129.25B	129.23B	126.34B	125.70B	129.31B	121.56B
EBITDA	20.32B	20.32B	16.19B	16.85B	18.17B	21.95B
Net Income	8.80B	8.80B	5.84B	7.42B	10.20B	11.04B
Balance Sheet
Total Assets	312.46B	312.46B	300.69B	285.59B	254.18B	240.21B
Cash, Cash Equivalents and Short-Term Investments	35.73B	35.73B	36.54B	32.28B	28.79B	30.96B
Total Debt	130.26B	130.26B	119.55B	111.34B	84.32B	73.40B
Total Liabilities	170.80B	170.80B	164.51B	159.16B	135.13B	126.98B
Stockholders Equity	141.31B	141.31B	135.19B	125.50B	118.27B	112.62B
Cash Flow
Free Cash Flow	0.00	-5.34B	-4.01B	-21.76B	-9.47B	12.54B
Operating Cash Flow	0.00	9.69B	12.77B	8.24B	7.15B	20.77B
Investing Cash Flow	0.00	-17.79B	-14.40B	-29.92B	-17.03B	-5.18B
Financing Cash Flow	0.00	6.72B	5.97B	23.53B	8.65B	-7.00B

Belluna Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1073.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9997, the sentiment is Positive. The current price of 1073 is above the 20-day moving average (MA) of 1038.90, above the 50-day MA of 1003.74, and above the 200-day MA of 904.28, indicating a bullish trend. The MACD of 16.11 indicates Positive momentum. The RSI at 67.08 is Neutral, neither overbought nor oversold. The STOCH value of 56.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9997.

Belluna Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8005	83 Outperform	40.09B	10.14	11.70%	4.45%	5.78%	5.07%
2674	81 Outperform	26.07B	11.91	12.67%	4.05%	8.63%	-3.75%
3093	72 Outperform	48.26B	16.95	26.02%	1.79%	19.76%	11.62%
9997	70 Outperform	€103.74B	11.86	6.52%	2.80%	1.20%	57.47%
2751	70 Outperform	41.44B	23.14	12.86%	0.26%	18.32%	-18.02%
8165	44 Neutral	11.44B	-2.74	-27.20%	―	-1.79%	-42.31%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Belluna Co., Ltd. Corporate Events

Belluna Co., Ltd. Announces Disposal of Treasury Shares for Director Compensation

Belluna Co., Ltd. has announced the disposal of 21,405 treasury shares as restricted stock compensation to its directors, aiming to enhance corporate value and align interests with shareholders. This strategic move is part of a compensation plan introduced in 2018, designed to incentivize directors and support the company’s long-term growth, reflecting its commitment to sustainable business practices.

Belluna Co., Ltd. Expands Hotel Portfolio with Strategic Acquisitions

Belluna Co., Ltd. has announced the acquisition of Hotel Zuiho and Akiu Grand Hotel in Sendai City, Miyagi, from Karakami HOTELS & RESORTS Co., Ltd. This strategic move is part of Belluna’s growth plan to expand its hotel business and increase profitability by leveraging its customer base and operational expertise. The acquisition is expected to enhance Belluna’s presence in the tourism sector, particularly in the Tohoku region, and maximize revenue opportunities amid rising tourism demand. The impact on the company’s financial results is expected to be minimal, but Belluna will continue to monitor and disclose any significant developments.

Belluna Co., Ltd. Announces Financial Results of Related Company

Belluna Co., Ltd. announced the financial results for Friend Stage Holdings Co., Ltd., a related company, for the fiscal year ending March 31, 2025. The announcement highlights the ownership structure and share distribution of Friend Stage Holdings, with significant shares held by individuals related to the company. This financial disclosure provides insights into the company’s strategic interests and potential influence in the hospitality and real estate sectors.

Belluna Co., Ltd. Reports Mixed Sales Performance in April

In April, Belluna Co., Ltd. reported a 33% increase in net sales for its hotel business, driven by strong performance in resort-type hotels in Hokkaido and city hotels in Kansai, benefiting from events like the Osaka Kansai Expo. However, the Apparel & Goods segment saw a 7% decline in net sales due to reduced paper publications and the termination of mall business services. Overall, consolidated group sales for April rose slightly by 0.2% compared to the previous year, indicating a mixed performance across different segments.

Belluna Co., Ltd. Reports Strong Financial Performance for FY March 2025

Belluna Co., Ltd. reported its financial results for the fiscal year ending March 2025, showing a slight increase in net sales by 1.2% to 210,856 million yen. The company experienced significant growth in operating profit by 21.5% and profit attributable to owners of the parent by 50.7%. The financial position of the company improved with total assets increasing to 312,462 million yen and net assets rising to 141,656 million yen. The company also announced an increase in annual cash dividends per share, reflecting its strong financial performance and commitment to returning value to shareholders.