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Earnings presentation9997BELLUNA CO.,LTD.Retail

Financial Results Presentation Materials for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue and profits increased, driven mainly by the hotel and real estate sales businesses. Revenue, operating income, ordinary income and net income all exceeded the previous year. As operating income also exceeded the budget, the plan for the fiscal year ending March 2027 was revised upward.

Worth reading
58In focus
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
45.9
¥100 million (year-on-year change in operating profit)
Wording
Definitive
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending March 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,180.9 hundred million+3.4%
Operating profit¥164.7 hundred million+38.6%
Ordinary income¥162.7 hundred million+22.8%
Net income¥115.4 hundred million+31.2%
Operating profit margin7.6 %
Selling, general and administrative expenses¥1,207.3 hundred million
Full-year earnings forecast
Reporting periodFiscal year ending March 2027
Net Sales
¥2,210 hundred million
Operating profit
¥175 hundred million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Achieved ahead of schedule the targets of the Sixth Short-Term Management Plan (FY ending March 2026 to FY ending March 2028)
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
  • Domestic Hotels+¥9.23 billion
  • Real Estate Sales+¥3.01 billion
  • Rental income+¥1.78 billion
  • Wine+¥850 million
  • Local specialties+¥720 million
  • Catalog and Online-¥3.14 billion
  • Online-Only Subsidiaries-¥1.94 billion
  • Ozio cosmetics brand-¥2.09 billion
  • Apparel Stores-¥870 million
  • Refre health food brand-¥310 million
Operating profit
  • Domestic Hotels+¥1.76 billion
  • Real Estate Sales+¥1.05 billion
  • Rental income+¥380 million
  • Catalog and Online+¥1.48 billion
  • Finance+¥210 million
  • Apparel Stores-¥120 million
  • Enclosure and co-mailing services-¥690 million
  • Contract Manufacturing Business-¥150 million
New initiatives
  • Acquisition of Hotel Zuiho and Akiu Grand Hotel
  • Acquisition of Kussharo Prince Hotel
  • Bettei Ezofuji, scheduled to open in December 2027
  • Plans for new developments in central Tokyo hotels and overseas hotels
  • Withdrawal from or downsizing of businesses with limited profitability prospects
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic Urban Hotels: Average Room Rate (Full Year)¥23.5 thousand
    Year on year against the same period last year+¥2.0 thousand
  • Domestic Urban Hotels: Occupancy Rate (Full Year)82.3 %
    Year on year against the same period last year+0.7pt
  • Domestic Urban Hotels: RevPAR (Full Year)¥19.4 thousand
    Year on year against the same period last year+¥1.9 thousand
  • Domestic Resort Hotels: Average Room Rate (Full Year)¥38.1 thousand
    Year on year against the same period last year+¥0.2 thousand
  • Domestic Resort Hotels: Occupancy Rate (Full Year)64.9 %
    Year on year against the same period last year+4.2pt
  • Domestic Resort Hotels: RevPAR (Full Year)¥24.3 thousand
    Year on year against the same period last year+¥1.3 thousand
  • Share of Chinese Tourists (Second Half of FY2025)3.4 %
    Year on year against the same period last year-0.6pt
  • BELLUNA Registered Members29 million people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Discloses average room rates, occupancy rates and RevPAR separately for domestic urban hotels and domestic resort hotels
Segment results
  • Property and Hotels
    Net Sales¥497 hundred million (YoY +38.3%)
    Operating profit¥85.5 hundred million
  • Cosmetics and Health Foods
    Net Sales¥114.3 hundred million (YoY -17.4%)
    Operating profit¥7.3 hundred million
  • Local specialties
    Net Sales¥337.3 hundred million (YoY +5.2%)
    Operating profit¥13.1 hundred million
  • Nursing-Related Services
    Net Sales¥123 hundred million (YoY -2.5%)
    Operating profit¥6.5 hundred million
  • Specialty Direct Commerce, Total
    Net Sales¥574.8 hundred million (YoY -1.8%)
    Operating profit¥27 hundred million
  • Kimono-Related Business
    Net Sales¥225.6 hundred million (YoY -1.5%)
    Operating profit¥13.7 hundred million
  • Apparel and General Merchandise
    Net Sales¥689.1 hundred million (YoY -7.9%)
    Operating profit¥-4 hundred million
  • Other
    Net Sales¥28.3 hundred million (YoY +0.4%)
    Operating profit¥-1.8 hundred million
  • Sustainable Businesses, Total
    Net Sales¥943.1 hundred million (YoY -6.2%)
    Operating profit¥7.7 hundred million
  • Database Utilization
    Net Sales¥179.4 hundred million (YoY +4.9%)
    Operating profit¥45.1 hundred million
Medium-term management plan targets
  • TargetMedium-term target: operating income of ¥25 billion
  • TargetNine: Property business operating income of ¥9 billion
  • TargetSix: Database Utilization business operating income of ¥6 billion
  • TargetFive: Specialty Mail-Order business operating income of ¥5 billion
Financial targets
ROE
TargetTargeting 10% or higher
Actual results7.9% for the fiscal year ended March 2026
Equity ratio
Actual results44.5%
Number of stores and locations
Number at period-end24 hotels, 4,819 rooms
Number of store openings and closures during the periodAcquired Hotel Zuiho and Akiu Grand Hotel in October 2025. Acquired Toranomon Holic Hotel in April 2026 and Kussharo Prince Hotel in May 2026
Capital expenditures
¥358.7 hundred million
Annual Dividend
Annual dividend per share¥39
Interim¥19.50
End of period¥19.50
Payout ratio
31.7 %
DOE
2.5 %
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥2,180.9 hundred million (YoY +3.4%)
Operating profit¥164.7 hundred million (YoY +38.6%)
Ordinary income¥162.7 hundred million (YoY +22.8%)
Net income¥115.4 hundred million (YoY +31.2%)
Operating profit margin7.6 %
Selling, general and administrative expenses¥1,207.3 hundred million
Full-year earnings forecastReporting period Fiscal year ending March 2027 / Net Sales ¥2,210 hundred million / Operating profit ¥175 hundred million / Ordinary income Not disclosed / Net income Not disclosed
Self-assessment against the planAchieved ahead of schedule the targets of the Sixth Short-Term Management Plan (FY ending March 2026 to FY ending March 2028)
Segment resultsSegment Property and Hotels / Net Sales ¥497 hundred million (YoY +38.3%) / Operating profit ¥85.5 hundred million, Segment Cosmetics and Health Foods / Net Sales ¥114.3 hundred million (YoY -17.4%) / Operating profit ¥7.3 hundred million, Segment Local specialties / Net Sales ¥337.3 hundred million (YoY +5.2%) / Operating profit ¥13.1 hundred million, Segment Nursing-Related Services / Net Sales ¥123 hundred million (YoY -2.5%) / Operating profit ¥6.5 hundred million, Segment Specialty Direct Commerce, Total / Net Sales ¥574.8 hundred million (YoY -1.8%) / Operating profit ¥27 hundred million, Segment Kimono-Related Business / Net Sales ¥225.6 hundred million (YoY -1.5%) / Operating profit ¥13.7 hundred million, Segment Apparel and General Merchandise / Net Sales ¥689.1 hundred million (YoY -7.9%) / Operating profit ¥-4 hundred million, Segment Other / Net Sales ¥28.3 hundred million (YoY +0.4%) / Operating profit ¥-1.8 hundred million, Segment Sustainable Businesses, Total / Net Sales ¥943.1 hundred million (YoY -6.2%) / Operating profit ¥7.7 hundred million, Segment Database Utilization / Net Sales ¥179.4 hundred million (YoY +4.9%) / Operating profit ¥45.1 hundred million
Breakdown of Factors Affecting the ChangeNet Sales Factors Domestic Hotels / Amount +¥9.23 billion, Factors Real Estate Sales / Amount +¥3.01 billion, Factors Rental income / Amount +¥1.78 billion, Factors Wine / Amount +¥850 million, Factors Local specialties / Amount +¥720 million, Factors Catalog and Online / Amount -¥3.14 billion, Factors Online-Only Subsidiaries / Amount -¥1.94 billion, Factors Ozio cosmetics brand / Amount -¥2.09 billion, Factors Apparel Stores / Amount -¥870 million, Factors Refre health food brand / Amount -¥310 million / Operating profit Factors Domestic Hotels / Amount +¥1.76 billion, Factors Real Estate Sales / Amount +¥1.05 billion, Factors Rental income / Amount +¥380 million, Factors Catalog and Online / Amount +¥1.48 billion, Factors Finance / Amount +¥210 million, Factors Apparel Stores / Amount -¥120 million, Factors Enclosure and co-mailing services / Amount -¥690 million, Factors Contract Manufacturing Business / Amount -¥150 million
Key KPIsIndicator name Domestic Urban Hotels: Average Room Rate (Full Year) / Value ¥23.5 thousand / Year on year against the same period last year +¥2.0 thousand, Indicator name Domestic Urban Hotels: Occupancy Rate (Full Year) / Value 82.3 % / Year on year against the same period last year +0.7pt, Indicator name Domestic Urban Hotels: RevPAR (Full Year) / Value ¥19.4 thousand / Year on year against the same period last year +¥1.9 thousand, Indicator name Domestic Resort Hotels: Average Room Rate (Full Year) / Value ¥38.1 thousand / Year on year against the same period last year +¥0.2 thousand, Indicator name Domestic Resort Hotels: Occupancy Rate (Full Year) / Value 64.9 % / Year on year against the same period last year +4.2pt, Indicator name Domestic Resort Hotels: RevPAR (Full Year) / Value ¥24.3 thousand / Year on year against the same period last year +¥1.3 thousand, Indicator name Share of Chinese Tourists (Second Half of FY2025) / Value 3.4 % / Year on year against the same period last year -0.6pt, Indicator name BELLUNA Registered Members / Value 29 million people / Year on year against the same period last year Not disclosed
Unit price and quantity metricsDiscloses average room rates, occupancy rates and RevPAR separately for domestic urban hotels and domestic resort hotels
Number of stores and locationsNumber at period-end 24 hotels, 4,819 rooms / Number of store openings and closures during the period Acquired Hotel Zuiho and Akiu Grand Hotel in October 2025. Acquired Toranomon Holic Hotel in April 2026 and Kussharo Prince Hotel in May 2026
Medium-term management plan targetsTarget Medium-term target: operating income of ¥25 billion / Target fiscal year Not disclosed, Target Nine: Property business operating income of ¥9 billion / Target fiscal year Not disclosed, Target Six: Database Utilization business operating income of ¥6 billion / Target fiscal year Not disclosed, Target Five: Specialty Mail-Order business operating income of ¥5 billion / Target fiscal year Not disclosed
Financial targetsROE Target Targeting 10% or higher / Actual results 7.9% for the fiscal year ended March 2026 / Equity ratio Actual results 44.5% / Target Not disclosed
Annual DividendAnnual dividend per share ¥39 / Interim ¥19.50 / End of period ¥19.50
Payout ratio31.7 %
Capital expenditures¥358.7 hundred million
New initiativesAcquisition of Hotel Zuiho and Akiu Grand Hotel, Acquisition of Kussharo Prince Hotel, Bettei Ezofuji, scheduled to open in December 2027, Plans for new developments in central Tokyo hotels and overseas hotels, Withdrawal from or downsizing of businesses with limited profitability prospects
Items this document does not state (10)
Gross Profit MarginResults for the three months of the current quarterProgress against full-year forecastNumber 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.

The Property and Hotel segment benefited from stronger domestic travel demand, an increase in inbound visitors, higher hotel occupancy rates and room rates, and contributions from acquired hotels. In the Apparel and General Merchandise segment, profitability improved despite lower revenue, reflecting reductions in the volume of printed materials issued and the discontinuation of an unprofitable e-commerce service. Real estate sales gains of ¥1.05 billion were also recorded.

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