Belluna（73L）株式概要株式会社ベルーナは、その子会社とともに通信販売業を営んでいる。 詳細73L ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績4/6財務の健全性2/6配当金4/6報酬株価収益率（ 8.5 x） German市場（ 16.9 x）を下回っています。過去1年間で収益は31.2%増加しました リスク分析負債は営業キャッシュフローで十分にカバーされていない 過去5年間で収益は年間4.6%減少しました。 3.81%の配当はフリーキャッシュフローで十分にカバーされていない German市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る73L Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW491,113 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG491,113 investors already sharing narrativesYour Fair Value€Current Price€5.3048.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0220b2016201920222025202620282031Revenue JP¥214.1bEarnings JP¥11.3bAdvancedSet Fair ValueView all narrativesBelluna Co., Ltd. 競合他社Westwing GroupSymbol: XTRA:WEWMarket cap: €294.0mDouglasSymbol: XTRA:DOUMarket cap: €866.9mHORNBACH Holding KGaASymbol: XTRA:HBHMarket cap: €1.3bHORNBACH BaumarktSymbol: HMSE:HBMMarket cap: €2.0b価格と性能株価の高値、安値、推移の概要Belluna過去の株価現在の株価JP¥5.3052週高値JP¥6.0052週安値JP¥4.28ベータ0.301ヶ月の変化-2.75%3ヶ月変化16.74%1年変化-3.64%3年間の変化22.12%5年間の変化-25.35%IPOからの変化-31.61%最新ニュースNew Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change).お知らせ • Jun 26Belluna Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026Belluna Co., Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Junko Hamamoto was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • May 13Belluna Co., Ltd., Annual General Meeting, Jun 25, 2026Belluna Co., Ltd., Annual General Meeting, Jun 25, 2026.お知らせ • May 09Belluna Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Belluna Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026お知らせ • Nov 29Belluna Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026Belluna Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026最新情報をもっと見るRecent updatesNew Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change).お知らせ • Jun 26Belluna Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026Belluna Co., Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Junko Hamamoto was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • May 13Belluna Co., Ltd., Annual General Meeting, Jun 25, 2026Belluna Co., Ltd., Annual General Meeting, Jun 25, 2026.お知らせ • May 09Belluna Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Belluna Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026お知らせ • Nov 29Belluna Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026Belluna Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026お知らせ • Sep 02Belluna Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025Belluna Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025お知らせ • Jun 06Belluna Co., Ltd. Provides Earnings Guidance for the Fiscal Years Ending March 2027 and March 2028Belluna Co., Ltd. provided earnings guidance for the fiscal years ending March 2027 and March 2028. For the fiscal year ending March 2027, the company expects total net sales of JPY 229.60 billion and operating profit of JPY 15.00 billion. For the fiscal year ending March 2028, the company expects total net sales of JPY 253.10 billion and operating profit of JPY 16.50 billion.お知らせ • Jun 04Belluna Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025Belluna Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025お知らせ • May 13Belluna Co., Ltd., Annual General Meeting, Jun 26, 2025Belluna Co., Ltd., Annual General Meeting, Jun 26, 2025.お知らせ • Mar 04Belluna Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Belluna Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025お知らせ • Dec 03Belluna Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025Belluna Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025Reported Earnings • Nov 02Second quarter 2025 earnings released: EPS: JP¥16.28 (vs JP¥19.42 in 2Q 2024)Second quarter 2025 results: EPS: JP¥16.28 (down from JP¥19.42 in 2Q 2024). Revenue: JP¥45.8b (up 3.4% from 2Q 2024). Net income: JP¥1.57b (down 16% from 2Q 2024). Profit margin: 3.4% (down from 4.2% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 20Upcoming dividend of JP¥14.50 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.4%).お知らせ • Aug 29Belluna Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024Belluna Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024Buy Or Sell Opportunity • Aug 06Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to €4.26. The fair value is estimated to be €3.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥10.28 (vs JP¥14.32 in 1Q 2024)First quarter 2025 results: EPS: JP¥10.28 (down from JP¥14.32 in 1Q 2024). Revenue: JP¥51.4b (flat on 1Q 2024). Net income: JP¥994.0m (down 28% from 1Q 2024). Profit margin: 1.9% (down from 2.7% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Jul 31Belluna Co., Ltd. (TSE:9997) announces an Equity Buyback for 480,000 shares, representing 0.49% for ¥480 million.Belluna Co., Ltd. (TSE:9997) announces a share repurchase program. Under the program, the company will repurchase 480,000 shares, representing 0.49% of the outstanding shares for ¥480 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and improve capital efficiency. The program will run until September 30, 2024. As of June 30, 2024, the company had 97,244,472 issued shares (excluding treasury stock) and 545,469 shares in treasury.お知らせ • Jun 29Belluna Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Belluna Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024Reported Earnings • May 16Full year 2024 earnings released: EPS: JP¥60.39 (vs JP¥76.71 in FY 2023)Full year 2024 results: EPS: JP¥60.39 (down from JP¥76.71 in FY 2023). Revenue: JP¥208.3b (down 1.9% from FY 2023). Net income: JP¥5.84b (down 21% from FY 2023). Profit margin: 2.8% (down from 3.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 22% per year.お知らせ • May 15Belluna Co., Ltd., Annual General Meeting, Jun 26, 2024Belluna Co., Ltd., Annual General Meeting, Jun 26, 2024.お知らせ • Apr 21Belluna Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024Belluna Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥10.25 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.3%).New Risk • Mar 20New major risk - Revenue and earnings growthEarnings have declined by 0.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Earnings have declined by 0.2% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥18.80 (vs JP¥26.20 in 3Q 2023)Third quarter 2024 results: EPS: JP¥18.80 (down from JP¥26.20 in 3Q 2023). Revenue: JP¥60.2b (down 2.4% from 3Q 2023). Net income: JP¥1.82b (down 28% from 3Q 2023). Profit margin: 3.0% (down from 4.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 29Belluna Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024Belluna Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024Reported Earnings • Nov 01Second quarter 2024 earnings released: EPS: JP¥19.42 (vs JP¥15.17 in 2Q 2023)Second quarter 2024 results: EPS: JP¥19.42 (up from JP¥15.17 in 2Q 2023). Revenue: JP¥44.3b (down 2.4% from 2Q 2023). Net income: JP¥1.88b (up 28% from 2Q 2023). Profit margin: 4.2% (up from 3.2% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in Europe.お知らせ • Sep 28Belluna Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Belluna Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023Upcoming Dividend • Sep 21Upcoming dividend of JP¥10.25 per share at 2.9% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.0%).Reported Earnings • Aug 01First quarter 2024 earnings released: EPS: JP¥14.32 (vs JP¥14.29 in 1Q 2023)First quarter 2024 results: EPS: JP¥14.32 (up from JP¥14.29 in 1Q 2023). Revenue: JP¥51.8b (down 3.0% from 1Q 2023). Net income: JP¥1.39b (flat on 1Q 2023). Profit margin: 2.7% (up from 2.6% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Multiline Retail industry in Europe.お知らせ • Jun 30Belluna Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023Belluna Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023Reported Earnings • May 16Full year 2023 earnings released: EPS: JP¥76.71 (vs JP¥106 in FY 2022)Full year 2023 results: EPS: JP¥76.71 (down from JP¥106 in FY 2022). Revenue: JP¥212.4b (down 3.5% from FY 2022). Net income: JP¥7.42b (down 27% from FY 2022). Profit margin: 3.5% (down from 4.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe.お知らせ • May 14Belluna Co., Ltd., Annual General Meeting, Jun 28, 2023Belluna Co., Ltd., Annual General Meeting, Jun 28, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers ().Reported Earnings • Feb 02Third quarter 2023 earnings released: EPS: JP¥26.20 (vs JP¥46.91 in 3Q 2022)Third quarter 2023 results: EPS: JP¥26.20 (down from JP¥46.91 in 3Q 2022). Revenue: JP¥61.7b (down 1.8% from 3Q 2022). Net income: JP¥2.53b (down 44% from 3Q 2022). Profit margin: 4.1% (down from 7.2% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Online Retail industry in Germany.お知らせ • Nov 27Belluna Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023Belluna Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥15.17 (vs JP¥16.00 in 2Q 2022)Second quarter 2023 results: EPS: JP¥15.17 (down from JP¥16.00 in 2Q 2022). Revenue: JP¥45.3b (down 3.3% from 2Q 2022). Net income: JP¥1.47b (down 5.2% from 2Q 2022). Profit margin: 3.2% (down from 3.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Online Retail industry in Germany.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Hamamoto was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥15.17 (vs JP¥16.00 in 2Q 2022)Second quarter 2023 results: EPS: JP¥15.17 (down from JP¥16.00 in 2Q 2022). Revenue: JP¥45.3b (down 3.3% from 2Q 2022). Net income: JP¥1.47b (down 5.2% from 2Q 2022). Profit margin: 3.2% (down from 3.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Online Retail industry in Germany.Buying Opportunity • Sep 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.6%. The fair value is estimated to be €6.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 5.6% in 2 years. Earnings is forecast to grow by 10% in the next 2 years.Upcoming Dividend • Sep 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (0.5%).Buying Opportunity • Sep 01Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €6.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.0% in 2 years. Earnings is forecast to grow by 13% in the next 2 years.お知らせ • Aug 28Belluna Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022Belluna Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022お知らせ • Aug 24Belluna Co., Ltd. (TSE:9997) acquired Label Co., Ltd., Label Logistics Co., Ltd. and R&M Corporation.Belluna Co., Ltd. (TSE:9997) acquired Label Co., Ltd., Label Logistics Co., Ltd. and R&M Corporation on August 22, 2022. Belluna Co., Ltd. (TSE:9997) completed the acquisition of Label Co., Ltd., Label Logistics Co., Ltd. and R&M Corporation on August 22, 2022.Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥14.29 (vs JP¥17.20 in 1Q 2022)First quarter 2023 results: EPS: JP¥14.29 (down from JP¥17.20 in 1Q 2022). Revenue: JP¥53.4b (down 9.3% from 1Q 2022). Net income: JP¥1.38b (down 17% from 1Q 2022). Profit margin: 2.6% (down from 2.8% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 4.0%, compared to a 34% growth forecast for the industry in Germany.Buying Opportunity • Jul 16Now 20% undervaluedOver the last 90 days, the stock is up 9.8%. The fair value is estimated to be €7.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings is also forecast to grow by 4.6% per annum over the same time period.お知らせ • Jun 30Belluna Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022Belluna Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥106 (vs JP¥114 in FY 2021)Full year 2022 results: EPS: JP¥106 (down from JP¥114 in FY 2021). Revenue: JP¥220.1b (up 6.6% from FY 2021). Net income: JP¥10.2b (down 7.5% from FY 2021). Profit margin: 4.6% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.5%, compared to a 29% growth forecast for the retail industry in Germany.お知らせ • May 15Belluna Co., Ltd., Annual General Meeting, Jun 28, 2022Belluna Co., Ltd., Annual General Meeting, Jun 28, 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Director, General Manager of Planning Division & Executive Officer Ryogo Takahashi was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 08Belluna Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022Belluna Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥9.50 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 8.1% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.3%).Reported Earnings • Feb 02Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥46.90 (down from JP¥58.93 in 3Q 2021). Revenue: JP¥62.8b (flat on 3Q 2021). Net income: JP¥4.54b (down 20% from 3Q 2021). Profit margin: 7.2% (down from 9.0% in 3Q 2021). Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 2.7%, compared to a 48% growth forecast for the industry in Germany.Reported Earnings • Oct 30Second quarter 2022 earnings released: EPS JP¥16.00 (vs JP¥14.80 in 2Q 2021)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥46.9b (up 10.0% from 2Q 2021). Net income: JP¥1.55b (up 8.1% from 2Q 2021). Profit margin: 3.3% (down from 3.4% in 2Q 2021). The decrease in margin was driven by higher expenses.Upcoming Dividend • Sep 22Upcoming dividend of JP¥9.50 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.3%).Reported Earnings • Aug 03First quarter 2022 earnings released: EPS JP¥17.20 (vs JP¥15.44 in 1Q 2021)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JP¥58.9b (up 21% from 1Q 2021). Net income: JP¥1.66b (up 12% from 1Q 2021). Profit margin: 2.8% (down from 3.1% in 1Q 2021). The decrease in margin was driven by higher expenses.Board Change • Jul 29Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Director, General Manager of Planning Division & Executive Officer Ryogo Takahashi was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 15Full year 2021 earnings released: EPS JP¥114 (vs JP¥60.62 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥206.5b (up 15% from FY 2020). Net income: JP¥11.0b (up 88% from FY 2020). Profit margin: 5.3% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥9.45, the stock is trading at a trailing P/E ratio of 12.4x, up from the previous P/E ratio of 10.7x. This compares to an average P/E of 83x in the Online Retail industry in Germany.Reported Earnings • Feb 03Third quarter 2021 earnings released: EPS JP¥58.93 (vs JP¥30.17 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥63.0b (up 23% from 3Q 2020). Net income: JP¥5.70b (up 95% from 3Q 2020). Profit margin: 9.0% (up from 5.7% in 3Q 2020). The increase in margin was driven by higher revenue.Analyst Estimate Surprise Post Earnings • Feb 03Revenue beats expectationsRevenue exceeded analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 5.7%, compared to a 54% growth forecast for the Online Retail industry in Germany.Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥8.70, the stock is trading at a trailing P/E ratio of 15.4x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 65x in the Online Retail industry in Germany.お知らせ • Dec 30Belluna Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021Belluna Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021株主還元73LDE Multiline RetailDE 市場7D6.0%4.8%-2.5%1Y-3.6%-8.7%-0.6%株主還元を見る業界別リターン: 73L過去 1 年間で-8.7 % の収益を上げたGerman Multiline Retail業界を上回りました。リターン対市場: 73Lは、過去 1 年間で-0.6 % のリターンを上げたGerman市場を下回りました。価格変動Is 73L's price volatile compared to industry and market?73L volatility73L Average Weekly Movement8.6%Multiline Retail Industry Average Movement5.8%Market Average Movement5.4%10% most volatile stocks in DE Market12.7%10% least volatile stocks in DE Market2.8%安定した株価: 73Lの株価は、 German市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 73Lの weekly volatility ( 9% ) は過去 1 年間安定していますが、依然としてGermanの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19473,844Kiyoshi Yasunowww.belluna.co.jp株式会社ベルーナは、子会社とともに通信販売業を営んでいる。事業セグメントは8つ：アパレル・グッズ事業」、「化粧品・健康食品事業」、「グルメ事業」、「介護関連事業」、「データベース活用事業」、「きもの関連事業」、「不動産事業」、「その他事業」の8つのセグメントで構成されている。アパレル・グッズ事業」は、カタログやインターネットなどのメディアを通じて家庭用品や家具を提供するほか、アパレルや雑貨などの事業を展開している。化粧品・健康食品事業」は、化粧品・健康食品の販売を行っている。グルメ事業」は、食品、日本酒、ワイン等の販売を行っております。看護関連事業」は、看護師向け通信販売事業及び看護師求人事業を行っております。データベース活用事業」は、封入・委託サービス、販売代行サービス、通販金融・物流事業を行っております。きもの関連事業」は、貸衣裳事業、店舗でのきもの関連商品の販売を行っております。不動産事業」は、不動産の賃貸・開発・販売、ホテル事業等を行っている。その他事業」は、卸売事業、ゴルフ場経営、飲食事業、宿泊予約事業等を行っております。株式会社ベルーナは1947年に設立され、上尾市に本社を置く。もっと見るBelluna Co., Ltd. 基礎のまとめBelluna の収益と売上を時価総額と比較するとどうか。73L 基礎統計学時価総額€533.32m収益（TTM）€62.52m売上高(TTM)€1.18b8.5xPER（株価収益率0.5xP/Sレシオ73L は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計73L 損益計算書（TTM）収益JP¥218.10b売上原価JP¥80.88b売上総利益JP¥137.22bその他の費用JP¥125.68b収益JP¥11.54b直近の収益報告Mar 31, 2026次回決算日Jul 31, 2026一株当たり利益（EPS）119.93グロス・マージン62.92%純利益率5.29%有利子負債／自己資本比率96.3%73L の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.8%現在の配当利回り25%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/10 00:27終値2026/07/10 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Belluna Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Yoshimasa IkazakiDaiwa Securities Co. Ltd.Yumiko KaiIchiyoshi Research Institute Inc.null nullInvestment Bridge Co., Ltd.2 その他のアナリストを表示
New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change).
お知らせ • Jun 26Belluna Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026Belluna Co., Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026
Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Junko Hamamoto was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • May 13Belluna Co., Ltd., Annual General Meeting, Jun 25, 2026Belluna Co., Ltd., Annual General Meeting, Jun 25, 2026.
お知らせ • May 09Belluna Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Belluna Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026
お知らせ • Nov 29Belluna Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026Belluna Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026
New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change).
お知らせ • Jun 26Belluna Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026Belluna Co., Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026
Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Junko Hamamoto was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • May 13Belluna Co., Ltd., Annual General Meeting, Jun 25, 2026Belluna Co., Ltd., Annual General Meeting, Jun 25, 2026.
お知らせ • May 09Belluna Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Belluna Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026
お知らせ • Nov 29Belluna Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026Belluna Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026
お知らせ • Sep 02Belluna Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025Belluna Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025
お知らせ • Jun 06Belluna Co., Ltd. Provides Earnings Guidance for the Fiscal Years Ending March 2027 and March 2028Belluna Co., Ltd. provided earnings guidance for the fiscal years ending March 2027 and March 2028. For the fiscal year ending March 2027, the company expects total net sales of JPY 229.60 billion and operating profit of JPY 15.00 billion. For the fiscal year ending March 2028, the company expects total net sales of JPY 253.10 billion and operating profit of JPY 16.50 billion.
お知らせ • Jun 04Belluna Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025Belluna Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025
お知らせ • May 13Belluna Co., Ltd., Annual General Meeting, Jun 26, 2025Belluna Co., Ltd., Annual General Meeting, Jun 26, 2025.
お知らせ • Mar 04Belluna Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Belluna Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025
お知らせ • Dec 03Belluna Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025Belluna Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025
Reported Earnings • Nov 02Second quarter 2025 earnings released: EPS: JP¥16.28 (vs JP¥19.42 in 2Q 2024)Second quarter 2025 results: EPS: JP¥16.28 (down from JP¥19.42 in 2Q 2024). Revenue: JP¥45.8b (up 3.4% from 2Q 2024). Net income: JP¥1.57b (down 16% from 2Q 2024). Profit margin: 3.4% (down from 4.2% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥14.50 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.4%).
お知らせ • Aug 29Belluna Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024Belluna Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024
Buy Or Sell Opportunity • Aug 06Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to €4.26. The fair value is estimated to be €3.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥10.28 (vs JP¥14.32 in 1Q 2024)First quarter 2025 results: EPS: JP¥10.28 (down from JP¥14.32 in 1Q 2024). Revenue: JP¥51.4b (flat on 1Q 2024). Net income: JP¥994.0m (down 28% from 1Q 2024). Profit margin: 1.9% (down from 2.7% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 31Belluna Co., Ltd. (TSE:9997) announces an Equity Buyback for 480,000 shares, representing 0.49% for ¥480 million.Belluna Co., Ltd. (TSE:9997) announces a share repurchase program. Under the program, the company will repurchase 480,000 shares, representing 0.49% of the outstanding shares for ¥480 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and improve capital efficiency. The program will run until September 30, 2024. As of June 30, 2024, the company had 97,244,472 issued shares (excluding treasury stock) and 545,469 shares in treasury.
お知らせ • Jun 29Belluna Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Belluna Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024
Reported Earnings • May 16Full year 2024 earnings released: EPS: JP¥60.39 (vs JP¥76.71 in FY 2023)Full year 2024 results: EPS: JP¥60.39 (down from JP¥76.71 in FY 2023). Revenue: JP¥208.3b (down 1.9% from FY 2023). Net income: JP¥5.84b (down 21% from FY 2023). Profit margin: 2.8% (down from 3.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 22% per year.
お知らせ • May 15Belluna Co., Ltd., Annual General Meeting, Jun 26, 2024Belluna Co., Ltd., Annual General Meeting, Jun 26, 2024.
お知らせ • Apr 21Belluna Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024Belluna Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥10.25 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.3%).
New Risk • Mar 20New major risk - Revenue and earnings growthEarnings have declined by 0.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Earnings have declined by 0.2% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥18.80 (vs JP¥26.20 in 3Q 2023)Third quarter 2024 results: EPS: JP¥18.80 (down from JP¥26.20 in 3Q 2023). Revenue: JP¥60.2b (down 2.4% from 3Q 2023). Net income: JP¥1.82b (down 28% from 3Q 2023). Profit margin: 3.0% (down from 4.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 29Belluna Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024Belluna Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024
Reported Earnings • Nov 01Second quarter 2024 earnings released: EPS: JP¥19.42 (vs JP¥15.17 in 2Q 2023)Second quarter 2024 results: EPS: JP¥19.42 (up from JP¥15.17 in 2Q 2023). Revenue: JP¥44.3b (down 2.4% from 2Q 2023). Net income: JP¥1.88b (up 28% from 2Q 2023). Profit margin: 4.2% (up from 3.2% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in Europe.
お知らせ • Sep 28Belluna Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Belluna Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023
Upcoming Dividend • Sep 21Upcoming dividend of JP¥10.25 per share at 2.9% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.0%).
Reported Earnings • Aug 01First quarter 2024 earnings released: EPS: JP¥14.32 (vs JP¥14.29 in 1Q 2023)First quarter 2024 results: EPS: JP¥14.32 (up from JP¥14.29 in 1Q 2023). Revenue: JP¥51.8b (down 3.0% from 1Q 2023). Net income: JP¥1.39b (flat on 1Q 2023). Profit margin: 2.7% (up from 2.6% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Multiline Retail industry in Europe.
お知らせ • Jun 30Belluna Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023Belluna Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023
Reported Earnings • May 16Full year 2023 earnings released: EPS: JP¥76.71 (vs JP¥106 in FY 2022)Full year 2023 results: EPS: JP¥76.71 (down from JP¥106 in FY 2022). Revenue: JP¥212.4b (down 3.5% from FY 2022). Net income: JP¥7.42b (down 27% from FY 2022). Profit margin: 3.5% (down from 4.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe.
お知らせ • May 14Belluna Co., Ltd., Annual General Meeting, Jun 28, 2023Belluna Co., Ltd., Annual General Meeting, Jun 28, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers ().
Reported Earnings • Feb 02Third quarter 2023 earnings released: EPS: JP¥26.20 (vs JP¥46.91 in 3Q 2022)Third quarter 2023 results: EPS: JP¥26.20 (down from JP¥46.91 in 3Q 2022). Revenue: JP¥61.7b (down 1.8% from 3Q 2022). Net income: JP¥2.53b (down 44% from 3Q 2022). Profit margin: 4.1% (down from 7.2% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Online Retail industry in Germany.
お知らせ • Nov 27Belluna Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023Belluna Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥15.17 (vs JP¥16.00 in 2Q 2022)Second quarter 2023 results: EPS: JP¥15.17 (down from JP¥16.00 in 2Q 2022). Revenue: JP¥45.3b (down 3.3% from 2Q 2022). Net income: JP¥1.47b (down 5.2% from 2Q 2022). Profit margin: 3.2% (down from 3.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Online Retail industry in Germany.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Hamamoto was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥15.17 (vs JP¥16.00 in 2Q 2022)Second quarter 2023 results: EPS: JP¥15.17 (down from JP¥16.00 in 2Q 2022). Revenue: JP¥45.3b (down 3.3% from 2Q 2022). Net income: JP¥1.47b (down 5.2% from 2Q 2022). Profit margin: 3.2% (down from 3.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Online Retail industry in Germany.
Buying Opportunity • Sep 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.6%. The fair value is estimated to be €6.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 5.6% in 2 years. Earnings is forecast to grow by 10% in the next 2 years.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (0.5%).
Buying Opportunity • Sep 01Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €6.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.0% in 2 years. Earnings is forecast to grow by 13% in the next 2 years.
お知らせ • Aug 28Belluna Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022Belluna Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022
お知らせ • Aug 24Belluna Co., Ltd. (TSE:9997) acquired Label Co., Ltd., Label Logistics Co., Ltd. and R&M Corporation.Belluna Co., Ltd. (TSE:9997) acquired Label Co., Ltd., Label Logistics Co., Ltd. and R&M Corporation on August 22, 2022. Belluna Co., Ltd. (TSE:9997) completed the acquisition of Label Co., Ltd., Label Logistics Co., Ltd. and R&M Corporation on August 22, 2022.
Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥14.29 (vs JP¥17.20 in 1Q 2022)First quarter 2023 results: EPS: JP¥14.29 (down from JP¥17.20 in 1Q 2022). Revenue: JP¥53.4b (down 9.3% from 1Q 2022). Net income: JP¥1.38b (down 17% from 1Q 2022). Profit margin: 2.6% (down from 2.8% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 4.0%, compared to a 34% growth forecast for the industry in Germany.
Buying Opportunity • Jul 16Now 20% undervaluedOver the last 90 days, the stock is up 9.8%. The fair value is estimated to be €7.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings is also forecast to grow by 4.6% per annum over the same time period.
お知らせ • Jun 30Belluna Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022Belluna Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022
Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥106 (vs JP¥114 in FY 2021)Full year 2022 results: EPS: JP¥106 (down from JP¥114 in FY 2021). Revenue: JP¥220.1b (up 6.6% from FY 2021). Net income: JP¥10.2b (down 7.5% from FY 2021). Profit margin: 4.6% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.5%, compared to a 29% growth forecast for the retail industry in Germany.
お知らせ • May 15Belluna Co., Ltd., Annual General Meeting, Jun 28, 2022Belluna Co., Ltd., Annual General Meeting, Jun 28, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Director, General Manager of Planning Division & Executive Officer Ryogo Takahashi was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 08Belluna Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022Belluna Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥9.50 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 8.1% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.3%).
Reported Earnings • Feb 02Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥46.90 (down from JP¥58.93 in 3Q 2021). Revenue: JP¥62.8b (flat on 3Q 2021). Net income: JP¥4.54b (down 20% from 3Q 2021). Profit margin: 7.2% (down from 9.0% in 3Q 2021). Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 2.7%, compared to a 48% growth forecast for the industry in Germany.
Reported Earnings • Oct 30Second quarter 2022 earnings released: EPS JP¥16.00 (vs JP¥14.80 in 2Q 2021)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥46.9b (up 10.0% from 2Q 2021). Net income: JP¥1.55b (up 8.1% from 2Q 2021). Profit margin: 3.3% (down from 3.4% in 2Q 2021). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥9.50 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.3%).
Reported Earnings • Aug 03First quarter 2022 earnings released: EPS JP¥17.20 (vs JP¥15.44 in 1Q 2021)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JP¥58.9b (up 21% from 1Q 2021). Net income: JP¥1.66b (up 12% from 1Q 2021). Profit margin: 2.8% (down from 3.1% in 1Q 2021). The decrease in margin was driven by higher expenses.
Board Change • Jul 29Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Director, General Manager of Planning Division & Executive Officer Ryogo Takahashi was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 15Full year 2021 earnings released: EPS JP¥114 (vs JP¥60.62 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥206.5b (up 15% from FY 2020). Net income: JP¥11.0b (up 88% from FY 2020). Profit margin: 5.3% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥9.45, the stock is trading at a trailing P/E ratio of 12.4x, up from the previous P/E ratio of 10.7x. This compares to an average P/E of 83x in the Online Retail industry in Germany.
Reported Earnings • Feb 03Third quarter 2021 earnings released: EPS JP¥58.93 (vs JP¥30.17 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥63.0b (up 23% from 3Q 2020). Net income: JP¥5.70b (up 95% from 3Q 2020). Profit margin: 9.0% (up from 5.7% in 3Q 2020). The increase in margin was driven by higher revenue.
Analyst Estimate Surprise Post Earnings • Feb 03Revenue beats expectationsRevenue exceeded analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 5.7%, compared to a 54% growth forecast for the Online Retail industry in Germany.
Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥8.70, the stock is trading at a trailing P/E ratio of 15.4x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 65x in the Online Retail industry in Germany.
お知らせ • Dec 30Belluna Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021Belluna Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021
