Belluna（9997）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9997 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（ 7.7 x） JP市場（ 13.8 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。 3.26%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 すべてのリスクチェックを見る9997 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥921.0048.1% 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Aeon KyushuSymbol: TSE:2653Market cap: JP¥96.9bKintetsu Department StoreSymbol: TSE:8244Market cap: JP¥69.4bMatsuyaSymbol: TSE:8237Market cap: JP¥71.5bCan DoSymbol: TSE:2698Market cap: JP¥52.5b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¥921.0052週高値JP¥1,076.0052週安値JP¥823.00ベータ0.291ヶ月の変化8.74%3ヶ月変化-5.54%1年変化5.26%3年間の変化32.33%5年間の変化-16.58%IPOからの変化118.29%最新ニュースReported Earnings • May 15Full year 2026 earnings released: EPS: JP¥120 (vs JP¥91.25 in FY 2025)Full year 2026 results: EPS: JP¥120 (up from JP¥91.25 in FY 2025). Revenue: JP¥218.1b (up 3.4% from FY 2025). Net income: JP¥11.5b (up 31% from FY 2025). Profit margin: 5.3% (up from 4.2% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.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, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%).Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥45.97 (vs JP¥28.98 in 3Q 2025)Third quarter 2026 results: EPS: JP¥45.97 (up from JP¥28.98 in 3Q 2025). Revenue: JP¥66.4b (up 7.9% from 3Q 2025). Net income: JP¥4.42b (up 59% from 3Q 2025). Profit margin: 6.7% (up from 4.5% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year.分析記事 • Dec 24Belluna (TSE:9997) Is Due To Pay A Dividend Of ¥15.00Belluna Co., Ltd. ( TSE:9997 ) will pay a dividend of ¥15.00 on the 29th of June. This takes the dividend yield to...最新情報をもっと見るRecent updatesReported Earnings • May 15Full year 2026 earnings released: EPS: JP¥120 (vs JP¥91.25 in FY 2025)Full year 2026 results: EPS: JP¥120 (up from JP¥91.25 in FY 2025). Revenue: JP¥218.1b (up 3.4% from FY 2025). Net income: JP¥11.5b (up 31% from FY 2025). Profit margin: 5.3% (up from 4.2% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.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, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%).Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥45.97 (vs JP¥28.98 in 3Q 2025)Third quarter 2026 results: EPS: JP¥45.97 (up from JP¥28.98 in 3Q 2025). Revenue: JP¥66.4b (up 7.9% from 3Q 2025). Net income: JP¥4.42b (up 59% from 3Q 2025). Profit margin: 6.7% (up from 4.5% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year.分析記事 • Dec 24Belluna (TSE:9997) Is Due To Pay A Dividend Of ¥15.00Belluna Co., Ltd. ( TSE:9997 ) will pay a dividend of ¥15.00 on the 29th of June. This takes the dividend yield to...分析記事 • Dec 03Belluna (TSE:9997) Is Due To Pay A Dividend Of ¥15.00Belluna Co., Ltd.'s ( TSE:9997 ) investors are due to receive a payment of ¥15.00 per share on 29th of June. This takes...Declared Dividend • Dec 03First half dividend of JP¥15.00 announcedShareholders will receive a dividend of JP¥15.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 6.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.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分析記事 • Nov 25Belluna (TSE:9997) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Nov 01Second quarter 2026 earnings released: EPS: JP¥26.88 (vs JP¥16.28 in 2Q 2025)Second quarter 2026 results: EPS: JP¥26.88 (up from JP¥16.28 in 2Q 2025). Revenue: JP¥47.2b (up 3.1% from 2Q 2025). Net income: JP¥2.59b (up 65% from 2Q 2025). Profit margin: 5.5% (up from 3.4% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.分析記事 • Oct 03Belluna (TSE:9997) Is Reinvesting At Lower Rates Of ReturnFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Upcoming Dividend • Sep 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.3%).分析記事 • Sep 03Belluna's (TSE:9997) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of Belluna Co., Ltd. ( TSE:9997 ) has announced that it will be paying its dividend of ¥15.00 on the 2nd of...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分析記事 • Aug 06Belluna (TSE:9997) Is Increasing Its Dividend To ¥15.00Belluna Co., Ltd. ( TSE:9997 ) has announced that it will be increasing its dividend from last year's comparable...Reported Earnings • Aug 02First quarter 2026 earnings released: EPS: JP¥7.68 (vs JP¥10.28 in 1Q 2025)First quarter 2026 results: EPS: JP¥7.68 (down from JP¥10.28 in 1Q 2025). Revenue: JP¥50.8b (down 1.1% from 1Q 2025). Net income: JP¥739.0m (down 26% from 1Q 2025). Profit margin: 1.5% (down from 1.9% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.分析記事 • Jul 23Belluna (TSE:9997) Has Announced That It Will Be Increasing Its Dividend To ¥15.00The board of Belluna Co., Ltd. ( TSE:9997 ) has announced that it will be paying its dividend of ¥15.00 on the 2nd of...分析記事 • Jul 09Belluna (TSE:9997) Will Pay A Larger Dividend Than Last Year At ¥15.00Belluna Co., Ltd.'s ( TSE:9997 ) dividend will be increasing from last year's payment of the same period to ¥15.00 on...Declared Dividend • Jul 09Final dividend of JP¥15.00 announcedShareholders will receive a dividend of JP¥15.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 3.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.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, 2025New Risk • May 25New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.6% operating cash flow to total debt). Earnings have declined by 6.4% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 15Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: JP¥91.25 (up from JP¥60.39 in FY 2024). Revenue: JP¥210.9b (up 1.2% from FY 2024). Net income: JP¥8.80b (up 51% from FY 2024). Profit margin: 4.2% (up from 2.8% in FY 2024). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 10%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • May 13Belluna Co., Ltd., Annual General Meeting, Jun 26, 2025Belluna Co., Ltd., Annual General Meeting, Jun 26, 2025.分析記事 • Apr 23Belluna (TSE:9997) Will Want To Turn Around Its Return TrendsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Upcoming Dividend • Mar 21Upcoming dividend of JP¥14.50 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 39% and the cash payout ratio is 76%. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).分析記事 • Mar 05Belluna (TSE:9997) Will Pay A Dividend Of ¥14.50Belluna Co., Ltd. ( TSE:9997 ) will pay a dividend of ¥14.50 on the 27th of June. This will take the dividend yield to...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分析記事 • Feb 04Belluna (TSE:9997) Will Pay A Dividend Of ¥14.50The board of Belluna Co., Ltd. ( TSE:9997 ) has announced that it will pay a dividend on the 27th of June, with...Declared Dividend • Feb 04Dividend of JP¥14.50 announcedShareholders will receive a dividend of JP¥14.50. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (16% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 82% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.5% EPS decline seen over the last 5 years.Reported Earnings • Feb 01Third quarter 2025 earnings released: EPS: JP¥28.98 (vs JP¥18.80 in 3Q 2024)Third quarter 2025 results: EPS: JP¥28.98 (up from JP¥18.80 in 3Q 2024). Revenue: JP¥61.5b (up 2.2% from 3Q 2024). Net income: JP¥2.79b (up 53% from 3Q 2024). Profit margin: 4.5% (up from 3.0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.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 2% 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%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).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 8.7% to JP¥685. The fair value is estimated to be JP¥555, 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 6% 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分析記事 • May 21Belluna's (TSE:9997) Conservative Accounting Might Explain Soft EarningsThe market was pleased with the recent earnings report from Belluna Co., Ltd. ( TSE:9997 ), despite the profit numbers...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 16% per year.お知らせ • May 15Belluna Co., Ltd., Annual General Meeting, Jun 26, 2024Belluna Co., Ltd., Annual General Meeting, Jun 26, 2024.分析記事 • May 14Insufficient Growth At Belluna Co., Ltd. (TSE:9997) Hampers Share PriceWith a price-to-earnings (or "P/E") ratio of 9.5x Belluna Co., Ltd. ( TSE:9997 ) may be sending bullish signals at the...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, 2024New Risk • Mar 21New 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.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%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.2%).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 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year.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 02Second 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 6.1% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 10% per year.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 Japanese dividend payers (3.3%). Higher than average of industry peers (1.2%).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 5.9% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Price Target Changed • Jul 04Price target decreased by 19% to JP¥700Down from JP¥860, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥709. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of JP¥97.20 for next year compared to JP¥76.71 last year.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 17Full year 2023 earnings: EPS and revenues miss analyst expectationsFull 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 missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.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 Japanese dividend payers (3.6%). Higher than average of industry peers ().Reported Earnings • Feb 01Third 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 9.7% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.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 9.5% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 16Price target decreased to JP¥860Down from JP¥1,700, the current price target is provided by 1 analyst. New target price is 25% above last closing price of JP¥687. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of JP¥99.30 for next year compared to JP¥106 last year.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 9.7% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Buying Opportunity • Sep 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.5%. The fair value is estimated to be JP¥881, 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 Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%).Buying Opportunity • Sep 01Now 21% undervaluedOver the last 90 days, the stock is up 8.6%. The fair value is estimated to be JP¥924, 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.Buying Opportunity • Aug 01Now 21% undervaluedOver the last 90 days, the stock is up 3.0%. The fair value is estimated to be JP¥950, 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.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 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jul 15Now 21% undervaluedOver the last 90 days, the stock is up 9.9%. The fair value is estimated to be JP¥1,006, 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.Major Estimate Revision • Jul 01Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥223.5b to JP¥221.0b. EPS estimate rose from JP¥98.30 to JP¥110. Net income forecast to grow 3.9% next year vs 7.0% growth forecast for Online Retail industry in Japan. Consensus price target of JP¥860 unchanged from last update. Share price rose 3.3% to JP¥743 over the past week.Reported Earnings • May 16Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull 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. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 1.5%, compared to a 15% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 27Price target decreased to JP¥860Down from JP¥1,700, the current price target is provided by 1 analyst. New target price is 19% above last closing price of JP¥720. Stock is down 38% over the past year. The company is forecast to post earnings per share of JP¥91.00 for next year compared to JP¥114 last year.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.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: 2.6%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.1%).Reported Earnings • Feb 02Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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%. Earnings per share (EPS) exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 2.7%, compared to a 18% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Major Estimate Revision • Dec 22Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥235.8b to JP¥223.5b. EPS estimate also fell from JP¥123 per share to JP¥88.90 per share. Net income forecast to shrink 21% next year vs 11% growth forecast for Online Retail industry in Japan . Consensus price target down from JP¥1,700 to JP¥860. Share price fell 4.6% to JP¥682 over the past week.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 Japanese dividend payers (3.0%). Higher than average of industry peers (0.9%).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. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Major Estimate Revision • Jul 03Consensus revenue estimates increase to JP¥237.4bThe consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from JP¥215.0b to JP¥237.4b. EPS estimate increased from JP¥121 to JP¥123 per share. Net income forecast to grow 7.8% next year vs 13% growth forecast for Online Retail industry in Japan. Consensus price target of JP¥1,700 unchanged from last update. Share price was steady at JP¥983 over the past week.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. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year.Major Estimate Revision • Mar 24Consensus EPS estimates increase to JP¥110The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from JP¥198.0b to JP¥201.5b. EPS estimate increased from JP¥99.30 to JP¥110 per share. Net income forecast to grow 16% next year vs 12% growth forecast for Online Retail industry in Japan. Consensus price target up from JP¥1,500 to JP¥1,700. Share price was steady at JP¥1,268 over the past week.Upcoming Dividend • Mar 23Upcoming dividend of JP¥8.50 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (0.7%).Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,266, 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 23x in the Online Retail industry in Japan. Total returns to shareholders over the past three years are 5.4%.Is New 90 Day High Low • Mar 11New 90-day high: JP¥1,250The company is up 34% from its price of JP¥934 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 9.0% over the same period.Reported Earnings • Feb 02Third 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. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year.Analyst Estimate Surprise Post Earnings • Feb 02Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 5.7%, compared to a 18% growth forecast for the Online Retail industry in Japan.Is New 90 Day High Low • Jan 18New 90-day high: JP¥1,164The company is up 18% from its price of JP¥986 on 20 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is down 8.0% over the same period.Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,134, the stock is trading at a trailing P/E ratio of 15.4x, up from the previous P/E ratio of 13.3x. This compares to an average P/E of 27x in the Online Retail industry in Japan. Total return to shareholders over the past three years is a loss of 14%.Is New 90 Day High Low • Dec 25New 90-day high: JP¥1,065The company is up 11% from its price of JP¥959 on 25 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is down 7.0% over the same period.Major Estimate Revision • Dec 18Analysts increase EPS estimates to JP¥99.30The 2021 consensus revenue estimate increased from JP¥187.5b to JP¥198.0b. The earnings per share estimate also received an upgrade from JP¥85.90 to JP¥99.30 for the same period. Net income is expected to grow by 46% next year compared to 21% growth forecast for the Online Retail industry in Japan. The consensus price target increased from JP¥1,300 to JP¥1,500. Share price is up 12% to JP¥1,044 over the past week.Price Target Changed • Dec 01Price target raised to JP¥1,300Up from JP¥550, the current price target is provided by 1 analyst. The new target price is 36% above the current share price of JP¥954. As of last close, the stock is up 36% over the past year.お知らせ • Oct 10Belluna Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020Belluna Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020お知らせ • Jul 05Belluna Co., Ltd. to Report Q1, 2021 Results on Aug 07, 2020Belluna Co., Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020株主還元9997JP Multiline RetailJP 市場7D-1.0%-0.7%-0.5%1Y5.3%13.6%41.3%株主還元を見る業界別リターン: 9997過去 1 年間で13.6 % の収益を上げたJP Multiline Retail業界を下回りました。リターン対市場: 9997は、過去 1 年間で41.3 % のリターンを上げたJP市場を下回りました。価格変動Is 9997's price volatile compared to industry and market?9997 volatility9997 Average Weekly Movement4.1%Multiline Retail Industry Average Movement4.2%Market Average Movement5.0%10% most volatile stocks in JP Market9.7%10% least volatile stocks in JP Market2.5%安定した株価: 9997 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 9997の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19473,884Kiyoshi 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・雑貨事業」、「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」、「着物関連事業」、「不動産事業」、「その他事業」の8つの事業を展開している。アパレル・雑貨事業」は、衣料品、家庭用品、生活雑貨、家具、パーソナルホビー用品などをカタログやインターネットなどの媒体を通じて提供するほか、アパレル・雑貨事業を行っている。化粧品・健康食品事業」は、化粧品・健康食品の販売を行っております。グルメ事業」は、食品、酒類、ワイン、惣菜、水産物、菓子、酒類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・配送・通販代行等の受託事業、通販顧客を中心とした融資事業、物流事業を行っている。きもの関連事業」は、和装関連商品の販売及びレンタルを行っております。不動産関連事業」は、ホテル宿泊事業および付帯サービス事業、不動産賃貸事業および不動産再生・開発事業、オフィスビル・商業施設賃貸事業、発電事業、飲食事業、ゴルフ場運営事業などを行っている。その他事業」は、衣料品卸売事業を行っている。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。9997 基礎統計学時価総額JP¥88.64b収益（TTM）JP¥11.54b売上高(TTM)JP¥218.10b7.7xPER（株価収益率0.4xP/Sレシオ9997 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9997 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次回決算日該当なし一株当たり利益（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%9997 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3.3%現在の配当利回り25%配当性向9997 配当は確実ですか？9997 配当履歴とベンチマークを見る9997 、いつまでに購入すれば配当金を受け取れますか？Belluna 配当日配当落ち日Mar 30 2026配当支払日Jun 26 2026配当落ちまでの日数54 days配当支払日までの日数34 days9997 配当は確実ですか？9997 配当履歴とベンチマークを見る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2026/05/22 02:58終値2026/05/22 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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
Reported Earnings • May 15Full year 2026 earnings released: EPS: JP¥120 (vs JP¥91.25 in FY 2025)Full year 2026 results: EPS: JP¥120 (up from JP¥91.25 in FY 2025). Revenue: JP¥218.1b (up 3.4% from FY 2025). Net income: JP¥11.5b (up 31% from FY 2025). Profit margin: 5.3% (up from 4.2% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
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
Upcoming Dividend • Mar 23Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%).
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥45.97 (vs JP¥28.98 in 3Q 2025)Third quarter 2026 results: EPS: JP¥45.97 (up from JP¥28.98 in 3Q 2025). Revenue: JP¥66.4b (up 7.9% from 3Q 2025). Net income: JP¥4.42b (up 59% from 3Q 2025). Profit margin: 6.7% (up from 4.5% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year.
分析記事 • Dec 24Belluna (TSE:9997) Is Due To Pay A Dividend Of ¥15.00Belluna Co., Ltd. ( TSE:9997 ) will pay a dividend of ¥15.00 on the 29th of June. This takes the dividend yield to...
Reported Earnings • May 15Full year 2026 earnings released: EPS: JP¥120 (vs JP¥91.25 in FY 2025)Full year 2026 results: EPS: JP¥120 (up from JP¥91.25 in FY 2025). Revenue: JP¥218.1b (up 3.4% from FY 2025). Net income: JP¥11.5b (up 31% from FY 2025). Profit margin: 5.3% (up from 4.2% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
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
Upcoming Dividend • Mar 23Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%).
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥45.97 (vs JP¥28.98 in 3Q 2025)Third quarter 2026 results: EPS: JP¥45.97 (up from JP¥28.98 in 3Q 2025). Revenue: JP¥66.4b (up 7.9% from 3Q 2025). Net income: JP¥4.42b (up 59% from 3Q 2025). Profit margin: 6.7% (up from 4.5% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year.
分析記事 • Dec 24Belluna (TSE:9997) Is Due To Pay A Dividend Of ¥15.00Belluna Co., Ltd. ( TSE:9997 ) will pay a dividend of ¥15.00 on the 29th of June. This takes the dividend yield to...
分析記事 • Dec 03Belluna (TSE:9997) Is Due To Pay A Dividend Of ¥15.00Belluna Co., Ltd.'s ( TSE:9997 ) investors are due to receive a payment of ¥15.00 per share on 29th of June. This takes...
Declared Dividend • Dec 03First half dividend of JP¥15.00 announcedShareholders will receive a dividend of JP¥15.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 6.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
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
分析記事 • Nov 25Belluna (TSE:9997) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Nov 01Second quarter 2026 earnings released: EPS: JP¥26.88 (vs JP¥16.28 in 2Q 2025)Second quarter 2026 results: EPS: JP¥26.88 (up from JP¥16.28 in 2Q 2025). Revenue: JP¥47.2b (up 3.1% from 2Q 2025). Net income: JP¥2.59b (up 65% from 2Q 2025). Profit margin: 5.5% (up from 3.4% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
分析記事 • Oct 03Belluna (TSE:9997) Is Reinvesting At Lower Rates Of ReturnFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Upcoming Dividend • Sep 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.3%).
分析記事 • Sep 03Belluna's (TSE:9997) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of Belluna Co., Ltd. ( TSE:9997 ) has announced that it will be paying its dividend of ¥15.00 on the 2nd of...
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
分析記事 • Aug 06Belluna (TSE:9997) Is Increasing Its Dividend To ¥15.00Belluna Co., Ltd. ( TSE:9997 ) has announced that it will be increasing its dividend from last year's comparable...
Reported Earnings • Aug 02First quarter 2026 earnings released: EPS: JP¥7.68 (vs JP¥10.28 in 1Q 2025)First quarter 2026 results: EPS: JP¥7.68 (down from JP¥10.28 in 1Q 2025). Revenue: JP¥50.8b (down 1.1% from 1Q 2025). Net income: JP¥739.0m (down 26% from 1Q 2025). Profit margin: 1.5% (down from 1.9% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
分析記事 • Jul 23Belluna (TSE:9997) Has Announced That It Will Be Increasing Its Dividend To ¥15.00The board of Belluna Co., Ltd. ( TSE:9997 ) has announced that it will be paying its dividend of ¥15.00 on the 2nd of...
分析記事 • Jul 09Belluna (TSE:9997) Will Pay A Larger Dividend Than Last Year At ¥15.00Belluna Co., Ltd.'s ( TSE:9997 ) dividend will be increasing from last year's payment of the same period to ¥15.00 on...
Declared Dividend • Jul 09Final dividend of JP¥15.00 announcedShareholders will receive a dividend of JP¥15.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 3.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
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
New Risk • May 25New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.6% operating cash flow to total debt). Earnings have declined by 6.4% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 15Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: JP¥91.25 (up from JP¥60.39 in FY 2024). Revenue: JP¥210.9b (up 1.2% from FY 2024). Net income: JP¥8.80b (up 51% from FY 2024). Profit margin: 4.2% (up from 2.8% in FY 2024). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 10%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • May 13Belluna Co., Ltd., Annual General Meeting, Jun 26, 2025Belluna Co., Ltd., Annual General Meeting, Jun 26, 2025.
分析記事 • Apr 23Belluna (TSE:9997) Will Want To Turn Around Its Return TrendsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥14.50 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 39% and the cash payout ratio is 76%. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).
分析記事 • Mar 05Belluna (TSE:9997) Will Pay A Dividend Of ¥14.50Belluna Co., Ltd. ( TSE:9997 ) will pay a dividend of ¥14.50 on the 27th of June. This will take the dividend yield to...
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
分析記事 • Feb 04Belluna (TSE:9997) Will Pay A Dividend Of ¥14.50The board of Belluna Co., Ltd. ( TSE:9997 ) has announced that it will pay a dividend on the 27th of June, with...
Declared Dividend • Feb 04Dividend of JP¥14.50 announcedShareholders will receive a dividend of JP¥14.50. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (16% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 82% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.5% EPS decline seen over the last 5 years.
Reported Earnings • Feb 01Third quarter 2025 earnings released: EPS: JP¥28.98 (vs JP¥18.80 in 3Q 2024)Third quarter 2025 results: EPS: JP¥28.98 (up from JP¥18.80 in 3Q 2024). Revenue: JP¥61.5b (up 2.2% from 3Q 2024). Net income: JP¥2.79b (up 53% from 3Q 2024). Profit margin: 4.5% (up from 3.0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
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 2% 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%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).
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 8.7% to JP¥685. The fair value is estimated to be JP¥555, 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 6% 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
分析記事 • May 21Belluna's (TSE:9997) Conservative Accounting Might Explain Soft EarningsThe market was pleased with the recent earnings report from Belluna Co., Ltd. ( TSE:9997 ), despite the profit numbers...
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 16% per year.
お知らせ • May 15Belluna Co., Ltd., Annual General Meeting, Jun 26, 2024Belluna Co., Ltd., Annual General Meeting, Jun 26, 2024.
分析記事 • May 14Insufficient Growth At Belluna Co., Ltd. (TSE:9997) Hampers Share PriceWith a price-to-earnings (or "P/E") ratio of 9.5x Belluna Co., Ltd. ( TSE:9997 ) may be sending bullish signals at the...
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
New Risk • Mar 21New 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.
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%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.2%).
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 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year.
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 02Second 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 6.1% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 10% per year.
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 Japanese dividend payers (3.3%). Higher than average of industry peers (1.2%).
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 5.9% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Jul 04Price target decreased by 19% to JP¥700Down from JP¥860, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥709. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of JP¥97.20 for next year compared to JP¥76.71 last year.
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 17Full year 2023 earnings: EPS and revenues miss analyst expectationsFull 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 missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
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 Japanese dividend payers (3.6%). Higher than average of industry peers ().
Reported Earnings • Feb 01Third 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 9.7% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
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 9.5% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 16Price target decreased to JP¥860Down from JP¥1,700, the current price target is provided by 1 analyst. New target price is 25% above last closing price of JP¥687. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of JP¥99.30 for next year compared to JP¥106 last year.
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 9.7% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Buying Opportunity • Sep 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.5%. The fair value is estimated to be JP¥881, 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 Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%).
Buying Opportunity • Sep 01Now 21% undervaluedOver the last 90 days, the stock is up 8.6%. The fair value is estimated to be JP¥924, 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.
Buying Opportunity • Aug 01Now 21% undervaluedOver the last 90 days, the stock is up 3.0%. The fair value is estimated to be JP¥950, 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.
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 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jul 15Now 21% undervaluedOver the last 90 days, the stock is up 9.9%. The fair value is estimated to be JP¥1,006, 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.
Major Estimate Revision • Jul 01Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥223.5b to JP¥221.0b. EPS estimate rose from JP¥98.30 to JP¥110. Net income forecast to grow 3.9% next year vs 7.0% growth forecast for Online Retail industry in Japan. Consensus price target of JP¥860 unchanged from last update. Share price rose 3.3% to JP¥743 over the past week.
Reported Earnings • May 16Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull 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. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 1.5%, compared to a 15% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 27Price target decreased to JP¥860Down from JP¥1,700, the current price target is provided by 1 analyst. New target price is 19% above last closing price of JP¥720. Stock is down 38% over the past year. The company is forecast to post earnings per share of JP¥91.00 for next year compared to JP¥114 last year.
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.
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: 2.6%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.1%).
Reported Earnings • Feb 02Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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%. Earnings per share (EPS) exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 2.7%, compared to a 18% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Dec 22Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥235.8b to JP¥223.5b. EPS estimate also fell from JP¥123 per share to JP¥88.90 per share. Net income forecast to shrink 21% next year vs 11% growth forecast for Online Retail industry in Japan . Consensus price target down from JP¥1,700 to JP¥860. Share price fell 4.6% to JP¥682 over the past week.
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 Japanese dividend payers (3.0%). Higher than average of industry peers (0.9%).
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. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Jul 03Consensus revenue estimates increase to JP¥237.4bThe consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from JP¥215.0b to JP¥237.4b. EPS estimate increased from JP¥121 to JP¥123 per share. Net income forecast to grow 7.8% next year vs 13% growth forecast for Online Retail industry in Japan. Consensus price target of JP¥1,700 unchanged from last update. Share price was steady at JP¥983 over the past week.
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. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year.
Major Estimate Revision • Mar 24Consensus EPS estimates increase to JP¥110The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from JP¥198.0b to JP¥201.5b. EPS estimate increased from JP¥99.30 to JP¥110 per share. Net income forecast to grow 16% next year vs 12% growth forecast for Online Retail industry in Japan. Consensus price target up from JP¥1,500 to JP¥1,700. Share price was steady at JP¥1,268 over the past week.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥8.50 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (0.7%).
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,266, 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 23x in the Online Retail industry in Japan. Total returns to shareholders over the past three years are 5.4%.
Is New 90 Day High Low • Mar 11New 90-day high: JP¥1,250The company is up 34% from its price of JP¥934 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 9.0% over the same period.
Reported Earnings • Feb 02Third 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. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year.
Analyst Estimate Surprise Post Earnings • Feb 02Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 5.7%, compared to a 18% growth forecast for the Online Retail industry in Japan.
Is New 90 Day High Low • Jan 18New 90-day high: JP¥1,164The company is up 18% from its price of JP¥986 on 20 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is down 8.0% over the same period.
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,134, the stock is trading at a trailing P/E ratio of 15.4x, up from the previous P/E ratio of 13.3x. This compares to an average P/E of 27x in the Online Retail industry in Japan. Total return to shareholders over the past three years is a loss of 14%.
Is New 90 Day High Low • Dec 25New 90-day high: JP¥1,065The company is up 11% from its price of JP¥959 on 25 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is down 7.0% over the same period.
Major Estimate Revision • Dec 18Analysts increase EPS estimates to JP¥99.30The 2021 consensus revenue estimate increased from JP¥187.5b to JP¥198.0b. The earnings per share estimate also received an upgrade from JP¥85.90 to JP¥99.30 for the same period. Net income is expected to grow by 46% next year compared to 21% growth forecast for the Online Retail industry in Japan. The consensus price target increased from JP¥1,300 to JP¥1,500. Share price is up 12% to JP¥1,044 over the past week.
Price Target Changed • Dec 01Price target raised to JP¥1,300Up from JP¥550, the current price target is provided by 1 analyst. The new target price is 36% above the current share price of JP¥954. As of last close, the stock is up 36% over the past year.
お知らせ • Oct 10Belluna Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020Belluna Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020
お知らせ • Jul 05Belluna Co., Ltd. to Report Q1, 2021 Results on Aug 07, 2020Belluna Co., Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020
