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Financial results presentation9997BELLUNA CO.,LTD.Retail

Fiscal Year Ending March 2026 Interim Financial Results Presentation Materials

For the interim period of the fiscal year ending March 2026, revenue increased only slightly, while operating profit, ordinary profit and net income exceeded the same period of the previous year. The interim earnings forecast was revised upward, but the full-year forecast was maintained, and the Company aims to revise the full-year forecast upward.

Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
13
¥100 million (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentation2026年3月期 中間期11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥979.9 100 million+0.9%
Operating profit¥48.7 100 million+36.5%
Ordinary income¥45 100 million+8.6%
Net income¥33.3 100 million+29.7%
Operating profit margin5
Selling, general and administrative expenses¥568.9 100 million
Full-year earnings forecast
Net Sales
¥2,146 100 million
Operating profit
¥135 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
  • Domestic Hotels+31.8億円
  • 飲食、その他+¥1.22 billion
  • Wine+¥420 million
  • Local specialties+¥170 million
  • Catalog and Online-20.7億円
  • Apparel Stores-5.6億円
  • Online-Only Subsidiaries-5.0億円
  • Ozio cosmetics brand-¥590 million
  • Refre health food brand-¥120 million
Operating profit
  • Catalog and Online+7.4億円
  • Domestic Hotels+¥570 million
  • Ozio cosmetics brand+2.8億円
  • Refre health food brand+¥150 million
  • 飲食、その他+¥90 million
  • Finance+¥90 million
  • Apparel Stores-¥110 million
  • Enclosure and co-mailing services-¥350 million
New initiatives
  • 小樽グランベルホテルの開業
  • ホテル瑞鳳・秋保グランドホテルの開業
  • 既存施設のバリューアップ
  • ザ・レイクスイート湖の栖アネックス棟の新設構想
  • Plans for new developments in central Tokyo hotels and overseas hotels
  • Withdrawal from or downsizing of businesses with limited profitability prospects
  • シナジーがあり将来有望な企業のM&A
Key KPIsA metric the company considers important as a management benchmark.
  • 国内都市型ホテル稼働率78.9%、85.0%
    Year on year against the same period last year+0.2pt、+0.6pt
  • 国内都市型ホテル客室単価22.9、22.8
    Year on year against the same period last year+4.7、+3.3
  • 国内都市型ホテルRevPAR18.1、19.4
    Year on year against the same period last year+3.8、+2.9
  • 国内リゾート型ホテル稼働率54.1%、67.5%
    Year on year against the same period last year+5.9pt、+0.4pt
  • 国内リゾート型ホテル客室単価36.4、43.7
    Year on year against the same period last year-0.4、+1.5
  • 国内リゾート型ホテルRevPAR19.7、29.5
    Year on year against the same period last year+2.0、+1.2
  • 登録会員に占める女性比率74.4 %
  • 登録会員に占める65歳以上女性比率43.8 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
ホテルの客室単価・稼働率・RevPAR
Segment results
  • Property and Hotels
    Net Sales¥212.1 100 million
    Revenue year-on-year_pct27.4
    Operating profit¥35 100 million
    営業利益前年比_億円7
  • Cosmetics and Health Foods
    Net Sales¥58.9 100 million
    Revenue year-on-year_pct-12.8
    Operating profit¥5.3 100 million
    営業利益前年比_億円4.4
  • Local specialties
    Net Sales¥133.1 100 million
    Revenue year-on-year_pct4.9
    Operating profit¥-0 100 million
    営業利益前年比_億円-0.6
  • Nursing-Related Services
    Net Sales¥63.4 100 million
    Revenue year-on-year_pct-4.5
    Operating profit¥3.7 100 million
    営業利益前年比_億円0.6
  • Specialty Direct Commerce, Total
    Net Sales¥255.4 100 million
    Revenue year-on-year_pct-2.1
    Operating profit¥9 100 million
    営業利益前年比_億円4.3
  • Growth Businesses, Total
    Net Sales¥467.5 100 million
    Revenue year-on-year_pct9.4
    Operating profit¥44 100 million
    営業利益前年比_億円11.4
  • Kimono-Related Business
    Net Sales¥95 100 million
    Revenue year-on-year_pct-6
    Operating profit¥-5.7 100 million
    営業利益前年比_億円-1.7
  • Apparel and General Merchandise
    Net Sales¥322.6 100 million
    Revenue year-on-year_pct-8.8
    Operating profit¥-9.3 100 million
    営業利益前年比_億円6.1
  • Other
    Net Sales¥13.4 100 million
    Revenue year-on-year_pct5.1
    Operating profit¥-2.6 100 million
    営業利益前年比_億円0.4
  • Sustainable Businesses, Total
    Net Sales¥431 100 million
    Revenue year-on-year_pct-7.8
    Operating profit¥-17.5 100 million
    営業利益前年比_億円4.9
  • Database Utilization
    Net Sales¥88.2 100 million
    Revenue year-on-year_pct6.4
    Operating profit¥22.7 100 million
    営業利益前年比_億円-2.9
Medium-term management plan targets
  • Target中期計画営業利益250億円
  • Target第6次短期経営計画の連結営業利益
    Target fiscal yearFiscal year ending March 2028
    Target value165.0億円
  • TargetROE
    Target fiscal yearFiscal year ending March 2028
    Target value8.5%
Financial targets
ROE
  • 7.0%
    Fiscal yearFiscal year ending March 2026 plan
  • 7.5%
    Fiscal yearFiscal year ending March 2027: plan
  • 8.5%
    Fiscal yearPlan for the fiscal year ending March 2028
Equity ratio
25年3月末45.2%
25年9月末42.5%
Number of stores and locations
ホテル23施設、総客室数4,591室。2025年3月、4月、7月、10月に新規ホテル開業。
Capital expenditures
¥258.3 100 million
Annual Dividend
Annual¥30.00 per share
Interim¥15.00
End of period¥15.00
Payout ratio
30.4 %
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period Covered2026年3月期 中間期
Net Sales¥979.9 100 million (YoY +0.9%)
Operating profit¥48.7 100 million (YoY +36.5%)
Ordinary income¥45 100 million (YoY +8.6%)
Net income¥33.3 100 million (YoY +29.7%)
Operating profit margin5
Selling, general and administrative expenses¥568.9 100 million
Full-year earnings forecastNet Sales ¥2,146 100 million / Operating profit ¥135 100 million / Ordinary income Not disclosed / Net income Not disclosed
Segment resultsSegment Property and Hotels / Net Sales ¥212.1 100 million / Revenue year-on-year_pct 27.4 / Operating profit ¥35 100 million / 営業利益前年比_億円 7, Segment Cosmetics and Health Foods / Net Sales ¥58.9 100 million / Revenue year-on-year_pct -12.8 / Operating profit ¥5.3 100 million / 営業利益前年比_億円 4.4, Segment Local specialties / Net Sales ¥133.1 100 million / Revenue year-on-year_pct 4.9 / Operating profit ¥-0 100 million / 営業利益前年比_億円 -0.6, Segment Nursing-Related Services / Net Sales ¥63.4 100 million / Revenue year-on-year_pct -4.5 / Operating profit ¥3.7 100 million / 営業利益前年比_億円 0.6, Segment Specialty Direct Commerce, Total / Net Sales ¥255.4 100 million / Revenue year-on-year_pct -2.1 / Operating profit ¥9 100 million / 営業利益前年比_億円 4.3, Segment Growth Businesses, Total / Net Sales ¥467.5 100 million / Revenue year-on-year_pct 9.4 / Operating profit ¥44 100 million / 営業利益前年比_億円 11.4, Segment Kimono-Related Business / Net Sales ¥95 100 million / Revenue year-on-year_pct -6 / Operating profit ¥-5.7 100 million / 営業利益前年比_億円 -1.7, Segment Apparel and General Merchandise / Net Sales ¥322.6 100 million / Revenue year-on-year_pct -8.8 / Operating profit ¥-9.3 100 million / 営業利益前年比_億円 6.1, Segment Other / Net Sales ¥13.4 100 million / Revenue year-on-year_pct 5.1 / Operating profit ¥-2.6 100 million / 営業利益前年比_億円 0.4, Segment Sustainable Businesses, Total / Net Sales ¥431 100 million / Revenue year-on-year_pct -7.8 / Operating profit ¥-17.5 100 million / 営業利益前年比_億円 4.9, Segment Database Utilization / Net Sales ¥88.2 100 million / Revenue year-on-year_pct 6.4 / Operating profit ¥22.7 100 million / 営業利益前年比_億円 -2.9
Breakdown of Factors Affecting the ChangeNet Sales Factors Domestic Hotels / Amount +31.8億円, Factors 飲食、その他 / Amount +¥1.22 billion, Factors Wine / Amount +¥420 million, Factors Local specialties / Amount +¥170 million, Factors Catalog and Online / Amount -20.7億円, Factors Apparel Stores / Amount -5.6億円, Factors Online-Only Subsidiaries / Amount -5.0億円, Factors Ozio cosmetics brand / Amount -¥590 million, Factors Refre health food brand / Amount -¥120 million / Operating profit Factors Catalog and Online / Amount +7.4億円, Factors Domestic Hotels / Amount +¥570 million, Factors Ozio cosmetics brand / Amount +2.8億円, Factors Refre health food brand / Amount +¥150 million, Factors 飲食、その他 / Amount +¥90 million, Factors Finance / Amount +¥90 million, Factors Apparel Stores / Amount -¥110 million, Factors Enclosure and co-mailing services / Amount -¥350 million
Key KPIsIndicator 国内都市型ホテル稼働率 / Value 78.9%、85.0% / Year on year against the same period last year +0.2pt、+0.6pt, Indicator 国内都市型ホテル客室単価 / Value 22.9、22.8 / Year on year against the same period last year +4.7、+3.3, Indicator 国内都市型ホテルRevPAR / Value 18.1、19.4 / Year on year against the same period last year +3.8、+2.9, Indicator 国内リゾート型ホテル稼働率 / Value 54.1%、67.5% / Year on year against the same period last year +5.9pt、+0.4pt, Indicator 国内リゾート型ホテル客室単価 / Value 36.4、43.7 / Year on year against the same period last year -0.4、+1.5, Indicator 国内リゾート型ホテルRevPAR / Value 19.7、29.5 / Year on year against the same period last year +2.0、+1.2, Indicator 登録会員に占める女性比率 / Value 74.4 % / Year on year against the same period last year Not disclosed, Indicator 登録会員に占める65歳以上女性比率 / Value 43.8 % / Year on year against the same period last year Not disclosed
Unit price and quantity metricsホテルの客室単価・稼働率・RevPAR
Number of stores and locationsホテル23施設、総客室数4,591室。2025年3月、4月、7月、10月に新規ホテル開業。
Medium-term management plan targetsTarget 中期計画営業利益250億円 / Target fiscal year Not disclosed, Target 第6次短期経営計画の連結営業利益 / Target fiscal year Fiscal year ending March 2028 / Target value 165.0億円, Target ROE / Target fiscal year Fiscal year ending March 2028 / Target value 8.5%
Financial targetsROE Fiscal year Fiscal year ending March 2026 plan / Value 7.0%, Fiscal year Fiscal year ending March 2027: plan / Value 7.5%, Fiscal year Plan for the fiscal year ending March 2028 / Value 8.5% / Equity ratio 25年3月末 45.2% / 25年9月末 42.5%
Annual DividendAnnual ¥30.00 per share / Interim ¥15.00 / End of period ¥15.00
Payout ratioValue 30.4 % / DOE Not disclosed
Capital expenditures¥258.3 100 million
New initiatives小樽グランベルホテルの開業, ホテル瑞鳳・秋保グランドホテルの開業, 既存施設のバリューアップ, ザ・レイクスイート湖の栖アネックス棟の新設構想, Plans for new developments in central Tokyo hotels and overseas hotels, Withdrawal from or downsizing of businesses with limited profitability prospects, シナジーがあり将来有望な企業のM&A
Items this document does not state (11)
Gross Profit MarginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

国内ホテル事業の増収増益、カタログ・ネット事業や化粧品・健康食品事業の営業利益改善などにより営業利益が増加した。経常利益は為替差益の増加、純利益は投資有価証券売却益の増加が押し上げた。一方、化粧品・健康食品、アパレル・雑貨、呉服関連など一部事業は減収または計画未達となった。

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Fiscal Year Ending March 2026 Interim Financial Results Presentation Materials | BELLUNA CO.,LTD. (9997) timely disclosure | Komori