BELLUNA CO.,LTD.

The Belluna Group operates eight businesses, centered on 59 consolidated subsidiaries: property, cosmetics and health foods, gourmet products, nurse-related services, kimono-related services, apparel and general merchandise, other businesses, and database utilization. It allocates resources and develops its businesses across two areas: growth and sustainability. Its principal activities include real estate leasing, redevelopment, development and power generation; hotel operations; direct-to-consumer sales of cosmetics and health foods; online sales of gourmet products; mail-order sales and recruitment services for nurses; the sale and rental of kimono-related products; catalog, e-commerce and store-based sales of apparel and general merchandise; and contract services and logistics using its databases. For the fiscal year ending March 2026, revenue was ¥218,098 million, operating profit was ¥16,478 million, ordinary profit was ¥16,274 million, net income attributable to owners of the parent was ¥11,542 million, net assets were ¥151,454 million, total assets were ¥340,137 million, the equity ratio was 44.5%, and the number of employees was 3,844. Domestic hotel operations remained strong, with occupancy rates and average room rates rising at Sapporo Hotel by Granbell and in the Osaka area. The property business reported higher revenue and profit, helped by the incremental contribution from Hotel Zuiho in Akiu Onsen and Akiu Grand Hotel, acquired in September 2025. Gains on sales of real estate held for sale were ¥1,042 million.