Komori
Belluna (9997) · InitiativeAdvanced

Capital Expenditure on Real Estate Development, Hotel Development and Solar Power Generation

First written in FY2018. 6 of 18 entries say "Advanced", first in FY2021. Latest entry: FY2026.

18entries
9years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2018 – FY2021-Q3OtherFY2022-Q3 – FY2024-Q32018: 120182019: 120192020: 120202021: 320212022: 320222023: 320232024: 320242025: 120252026: 22026
Same theme, other companies
Cross-Business Capital Investment to Expand Sales and Increase Rental IncomeA theme 6 companies write about · 0 as a headwind · 6 as a tailwind

The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.

3 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「Total capital expenditures during the fiscal year under review, including leases, were ¥35,871 million. The main component was ¥34,200 million of investment in the development and acquisition of domestic hotels in the Property business.」

    Capital expenditures centred on real estate and hotel development expanded substantially from the previous fiscal year, with the focus shifting from the previously solar-power-centred investment to domestic hotel-related investment.
  2. 2026-06-05AdvancedFinancial results presentation

    「Cash flow from investing activities -177.9 -322.9 -145.0 Expenditures for acquisition of property, plant and equipment -150.3 -333.1 -182.8 Capital expenditures*1 ¥35.87 billion」

    Expenditures for the acquisition of property, plant and equipment increased from the previous year, with capital expenditures of ¥35.87 billion.
  3. FY2026-H1AdvancedAnnual report

    「¥24,772 million in purchases of property, plant and equipment」

    During the interim consolidated accounting period, the company recorded ¥24,772 million in purchases of property, plant and equipment, a substantial increase from ¥3,329 million in the same period of the previous year.
  4. FY2025-H1First-half investment outlays recordedAnnual report

    「The main factors behind the decrease were ¥3,329 million in purchases of property, plant and equipment, ¥1,549 million in purchases of investment securities, and ¥1,806 million in purchases of shares in subsidiaries, among other items.」

    During the interim consolidated accounting period, the company recorded expenditures on purchases of property, plant and equipment, investment securities and shares in subsidiaries, continuing investment related to expanding its facilities and business operations.
  5. FY2024AdvancedAnnual report

    「Total capital investment during the consolidated fiscal year was ¥16,932 million, including leases. Major investments included ¥9,264 million for the development and acquisition of domestic hotel-related assets in the property business and ¥3,205 million for the expansion of the Yoshimi Logistics Center in the apparel and general merchandise business.」

    The company continued capital expenditures on real estate and hotel development and logistics infrastructure. Of total full-year investment of ¥16,932 million, ¥9,264 million was invested in domestic hotels and ¥3,205 million in expanding logistics centres.
  6. FY2024-Q3Increase in buildings and other assets; decrease in construction in progressAnnual report

    「This was mainly due to increases of ¥21,054 million in buildings and structures, ¥1,613 million in machinery, equipment and vehicles, and ¥1,872 million in leased assets, despite a ¥15,099 million decrease in construction in progress.」

    Within property, plant and equipment, construction in progress decreased, while buildings and structures, machinery, equipment and vehicles, and leased assets increased, changing the composition of development- and construction-related assets.
  7. FY2024-Q2Increase in buildings; decrease in construction in progressAnnual report

    「This was mainly due to increases of ¥19,815 million in buildings and structures, ¥1,756 million in machinery, equipment and vehicles, and ¥1,966 million in leased assets, despite a ¥20,001 million decrease in construction in progress.」

    Construction in progress decreased, while buildings and structures, machinery, equipment and vehicles, and leased assets increased, changing the composition of development- and construction-related assets.
  8. FY2024-Q1Increase in buildings; decrease in construction in progressAnnual report

    「Property, plant and equipment increased by ¥5,573 million from the end of the previous consolidated fiscal year to ¥168,501 million. This was mainly due to a ¥9,880 million increase in buildings and structures, despite a ¥6,378 million decrease in construction in progress.」

    Property, plant and equipment increased, with buildings and structures up ¥9,880 million and construction in progress down ¥6,378 million, changing the composition of development- and construction-related assets.
  9. FY2023-Q3Increase in buildings and construction in progressAnnual report

    「Property, plant and equipment increased by ¥15,157 million from the end of the previous consolidated fiscal year to ¥151,202 million. This was mainly due to increases of ¥3,062 million in buildings and structures and ¥12,272 million in construction in progress.」

    Buildings and structures and construction in progress increased within property, plant and equipment, indicating continued accumulation of assets related to real estate and hotel development, among other activities.
  10. FY2023-Q2Increase in buildings and structuresAnnual report

    「This was mainly due to a ¥3,680 million increase in buildings and structures.」

    Within property, plant and equipment, buildings and structures increased by ¥3,680 million from the end of March 2022.
  11. FY2023-Q1Increase in buildings; decrease in construction in progressAnnual report

    「This was mainly due to a ¥3,187 million increase in buildings and structures, despite a ¥1,586 million decrease in construction in progress.」

    Within property, plant and equipment, buildings and structures increased by ¥3,187 million, while construction in progress decreased by ¥1,586 million, changing the composition of development- and construction-related assets.
  12. FY2022-Q3Increase in buildings and land; decrease in construction in progressAnnual report

    「This was mainly due to increases of ¥7,206 million in buildings and structures and ¥3,451 million in land, despite a ¥2,201 million decrease in construction in progress.」

    At the end of the third quarter, buildings and structures and land had increased, while construction in progress had decreased, changing the composition of property, plant and equipment related to real estate and hotel development, among other activities.
  13. FY2022-Q2AdvancedAnnual report

    「The main factors behind the decrease were ¥9,986 million in purchases of property, plant and equipment and ¥1,604 million in purchases of investment securities, among other items.」

    During the cumulative second quarter, the company spent ¥9,986 million on purchases of property, plant and equipment, indicating concrete progress in investments related to real estate and hotel development, among other activities.
  14. FY2021AdvancedAnnual report

    「Total capital expenditures during the consolidated fiscal year, including leases, amounted to ¥8,750 million. The main expenditure was ¥6,964 million for real estate development and acquisition and hotel development in the Property business.」

    The company invested ¥6,964 million over the full year in real estate development and acquisition and hotel development, reflected as capital expenditures.
  15. FY2021-Q3Increase in construction in progressAnnual report

    「This was mainly due to a ¥5,538 million increase in construction in progress and a ¥1,625 million increase in investment securities, despite a ¥1,256 million decrease in buildings and structures.」

    Construction in progress increased by ¥5,538 million within property, plant and equipment, indicating an accumulation of assets related to capital expenditures.
  16. FY2021-Q2First-half decline in property, plant and equipment acquisition spendingAnnual report

    「The main factor behind the decrease was ¥4,061 million in purchases of property, plant and equipment, among other items.」

    Purchases of property, plant and equipment during the cumulative second quarter amounted to ¥4,061 million, down from ¥6,634 million in the same period of the previous year. Capital expenditures continued, but cash outflows from investing activities decreased.
  17. FY2019Decrease in capital expenditures; additional store investmentAnnual report

    「Total capital expenditures during the consolidated fiscal year, including leases, amounted to ¥7,511 million. The main expenditures were ¥4,710 million for real estate development and acquisition and hotel development in the Property business, ¥810 million for solar power generation facilities, and ¥472 million for store openings and other investments in the Store business.」

    Capital expenditures decreased from ¥15,704 million in the previous fiscal year to ¥7,511 million. In addition to Property and hotel development and solar power generation, store-opening investment was also a major component.
  18. FY2018First statedAnnual report

    「Total capital expenditures during the consolidated fiscal year, including leases, were ¥15,704 million. Major expenditures included ¥11,220 million for real estate development and acquisitions and hotel development in the Property Business, and ¥3,240 million for solar power generation facilities.」

    The company discloses total capital expenditures and their breakdown, identifying real estate development and acquisitions, hotel development and solar power facilities as means of growth and earnings stabilization.
Moved together

"Sluggish Hotel Revenue" moved the same way as this thread, in the same document, in 5 of its 18 moves.

555543★123456
  1. ★This thread
  2. 1Sluggish Hotel Revenue5×
  3. 2Investment in High-Yield Properties in Japan and Overseas and Expansion of the Hotel Business5×
  4. 3Higher Revenue and Operating Profit, but an Ordinary Loss5×
  5. 4Deterioration in Earnings from Foreign Exchange Movements5×
  6. 5Joint and Several Guarantees for Affiliates' Borrowings4×
  7. 6Introduction of a Restricted Stock Compensation Plan3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Belluna's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Financial results presentation of 2026-06-05: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.