Belluna Co., Ltd. · TSE:9997
Belluna — H1 FY March 2025 Earnings Presentation
39 slides from Belluna's earnings presentation, Nov 29, 2024
Slide 1: Belluna Co., Ltd. Corporate Presentation
Belluna Co., Ltd. CORPORATE PRESENTATION 1st Half ended September 30, 2024 For FY March 2025 Stock Code：9997 2024.11.29
Slide 2: Table of Contents
Table of Contents 1.Financial Highlights P.2 2.Targets for Current Fiscal Year P.10 3.Individual Businesses P.12 1
Slide 3: 1. Financial Highlights
1. Financial Highlights BELLUNA
Slide 4: 1-1. Financial overview
1-1. Financial overview Net sales and operating profit climbed year on year, whereas ordinary profit and profit dropped year on year. Net sales increased 1.1％ year on year and fell 0.9% below the plan. Operating profit increased 15.3％ year on year and fell 2.0% above the plan. Ordinary profit
Slide 5: 1-2. Summary of Financial Results
1-2. Summary of Financial Results Net sales: 97.13 billion yen, increase +1.1 % year on year. Operating profit: 3.57 billion yen, increase +0.47 billion yen year on year. Ordinary profit:4.14 billion yen, down 0.18 billion yen year on year, as foreign exchange gains were down 0.53 billion yen year o
Slide 6: 1-3. Profitability by segment
1-3. Profitability by segment Net sales : Increased in three segments including Property & Hotels, Apparel ＆ Goods, and Database Utilization. Operating profit : Increased in three segments including Property & Hotels, Gourmet, and Database Utilization. It decreased in five segments including Apparel
Slide 7: 1-4. Analysis of increases and decreases in Net sales
1-4. Analysis of increases and decreases in Net sales Factors for change in Net sales ・Catalog・Online +0.60 billion yen ・Internet-specialized(subsidiaries) -0.24 billion yen Unit: Billion Yen ・Apparel stores +0.18 billion yen ・Domestic hotels +1.86 billion yen ・Cosmetics(Ozio) -0.61billion yen ・Over
Slide 8: 1-5. Analysis of increases and decreases in Operating profit
1-5. Analysis of increases and decreases in Operating profit Factors for change in Operating profit Unit: Billion Yen ・Cosmetics(Ozio) -0.25billion yen ・Health Food(Refre) -0.07 billion yen ・BANKAN Wamonoya +0.02billion yen ・Sagami Group -0.15 billion yen ・Maimu -0.07 billion yen ・Catalog・ Online Sa
Slide 9: 1-6. Balance sheet
1-6. Balance sheet Unit: Billion Yen As of March As of September Change 31,2024 30,2024 Current Assets 129.96 133.37 3.41 Cash and deposits 35.84 39.42 3.58 Merchandise and finished goods 26.10 29.00 2.90 Other current assets 16.08 12.40 -3.68 Non-current assets 170.73 173.02 2.29 Property, plant an
Slide 10: 1-7. Statement of cash flows
1-7. Statement of cash flows FY March FY March 2025 1H 2024 1H Actual Actual YoY Change Unit: Billion Yen Cash flows from operating activities 1.71 5.57 3.85 Profit before income taxes 4.99 4.21 -0.77 Depreciation 2.47 2.94 0.47 Decrease (increase) in inventories -1.62 -2.70 -1.08 Decrease (increase
Slide 11: 2. Targets for Current Fiscal Year
2. Targets for Current Fiscal Year 10
Slide 12: 2-1. Targets for the current fiscal year (ending March 2025)
2-1. Targets for the current fiscal year (ending March 2025) Unit: Billion Yen FY March 2023 Actual FY March 2024 Actual FY March 2025 Plan Operating Operating Operating Net sales Net sales Net sales profit profit profit Growth area 82.03 3.96 92.14 6.76 97.59 8.00 Hotels 13.80 -0.41 26.28 2.04 30.7
Slide 13: 3. Individual Businesses
3. Individual Businesses BELLUNA 12
Slide 14: 3-1. Growth area 1: Property & Hotels
3-1. Growth area 1: Property & Hotels In Property & Hotels, the Company aims to achieve net sales of 36.60 billion yen, up 14.3% year on year, and operating profit of 5.35 billion yen, up 25.5% year on year, in the fiscal year ending March 2025. Trends in net sales and operating profit in Property &
Slide 15: GINZA HOTEL by GRANBELL
3-1. Growth area 1: Property & Hotels GINZA HOTEL by GRANBELL（GRANBELL SQUARE） 102 rooms 14
Slide 16: Buoyant hotel (1) GINZA HOTEL by GRANBELL
3-1. Growth area 1: Property & Hotels Buoyant hotel (1) GINZA HOTEL by GRANBELL Trends in Net sales（million yen） Trends in Operating profit（million yen） 980.2 164.6 146.8 600.6 381.4 10.8 1H ended FY ended 1H ended 1H ended FY ended 1H ended FY March 2024 FY March 2025 FY March 2024 FY March 2025 Qu
Slide 17: Kyoto Granbell Hotel
3-1. Growth area 1: Property & Hotels Kyoto Granbell Hotel 105 rooms 16
Slide 18: Buoyant hotel (2) Kyoto Granbell Hotel
3-1. Growth area 1: Property & Hotels Buoyant hotel (2) Kyoto Granbell Hotel Trends in Net sales（million yen） Trends in Operating profit（million yen） 815.5 279.5 372.6 441.8 120.2 149.6 1H ended FY ended 1H ended 1H ended FY ended 1H ended FY March 2024 FY March 2025 FY March 2024 FY March 2025 Quar
Slide 19: Susukino Granbell Hotel
3-1. Growth area 1: Property & Hotels Susukino Granbell Hotel 300 rooms 18
Slide 20: Buoyant hotel (3) Susukino Granbell Hotel
3-1. Growth area 1: Property & Hotels Buoyant hotel (3) Susukino Granbell Hotel Trends in Net sales（million yen） Trends in Operating profit（million yen） 1,173.3 266.2 687.2 200.6 576.6 153.4 1H ended FY ended 1H ended 1H ended FY ended 1H ended FY March 2024 FY March 2025 FY March 2024 FY March 2025
Slide 21: Toya SunPalace, The LakeSuite KO no SUMIKA
3-1. Growth area 1: Property & Hotels Toya SunPalace, The LakeSuite KO no SUMIKA 404 rooms 20
Slide 22: Buoyant hotel (4) Toya SunPalace, The LakeSuite KO no SUMIKA
3-1. Growth area 1: Property & Hotels Buoyant hotel (4) Toya SunPalace, The LakeSuite KO no SUMIKA Trends in Net sales（million yen） Trends in Operating profit（million yen） 3,605.6 554.6 2,314.8 1,919.7 237.4 207.0 1H ended FY ended 1H ended 1H ended FY ended 1H ended FY March 2024 FY March 2025 FY M
Slide 23: Hotels scheduled to open in fiscal year ending March 2026
3-1. Growth area 1: Property & Hotels Hotels scheduled to open in the fiscal year ending March 2026 ■ SAPPORO HOTEL by GRANBELL (scheduled to open in April 2025, 605 rooms) Appearance Guest room Public bath ■ Otaru Granbell Hotel (scheduled to open in July 2025, 159 rooms) Appearance Public bath Ter
Slide 24: Executive Suite Suirei
3-1. Growth area 1: Property & Hotels Executive Suite Suirei (on the 15th and 16th floors of Jozankei View Hotel) The two floors, namely the 15th and 16th floors, were renovated and reopened as Executive Suite Suirei on December 25, 2024. 23
Slide 25: Other hotels
3-1. Growth area 1: Property & Hotels Other hotels Granbell Hotel Colombo Le Grand Kyu Karuizawa Hotel Urabandai Lake Resort Jozankei View Hotel 24
Slide 26: List of Belluna Group hotels
3-1. Growth area 1: Property & Hotels List of Belluna Group hotels Number of Ref Area Facility name 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 Start of operations guest rooms 1 Okinawa Hotel Hamahigashima Resort 29 May 2013 2 Fukushima Urabandai Lake Resort 324 October 2015 3 Nagano Le G
Slide 27: Future plan
3-1. Growth area 1: Property & Hotels Future plan ・The LakeSuite KO no SUMIKA New construction of an annex building ・ New launch of hotels in central parts of cities ・ New launch of hotels outside Japan Enhance the value of existing facilities and launch new facilities with a view to attaining net s
Slide 28: 3-2. Growth area 2: Specialty Mail-Order
3-2. Growth area 2: Specialty Mail-Order In Specialty Mail-Order (Cosmetics & Health Food, Gourmet, and Nurse- Related), the Company aims to achieve net sales of 60.99 billion yen, up 1.4% year on year, and an operating profit of 2.65 billion yen, up 5.9% year on year. Trends in net sales and operat
Slide 29: 3-2. Specialty Mail-Order (Cosmetics & Health Food)
3-2. Growth area 2: Specialty Mail-Order (Cosmetics & Health Food) [Cosmetics & Health Food] ・Outline and Characteristics A leading company in anti-aging solutions to skin problems for customers in their forties and older Its strengths include the speed of its product development based on its abilit
Slide 30: 3-2. Specialty Mail-Order (Gourmet)
3-2. Growth area 2: Specialty Mail-Order (Gourmet) [Gourmet (Gourmet)] • Outline and Characteristics Selling standalone food, seasonal gifts and meals, flowers, Japanese sake and other products at regular events and other occasions. It provides a fairly basic lineup of products in comparison with co
Slide 31: 3-2. Specialty Mail-Order (Gourmet Wine)
3-2. Growth area 2: Specialty Mail-Order (Gourmet Wine) [Gourmet (Wine)] • Outline and Characteristics Its strengths are in its ability to propose a wide variety of sets of products that appeal to light wine drinkers and cost effectiveness. Characterized by it being very accessible and its high repu
Slide 32: 3-2. Specialty Mail-Order (Nurse-Related)
3-2. Growth area 2: Specialty Mail-Order (Nurse-Related) [Nurse-Related] • Outline and Characteristics Operating B2C mail order business mainly for nurses The Company operates two brands, Infirmière and Nursery, which together have an approximately 60% market share of the mail-order products for nur
Slide 33: 3-3. Sustainability area: Apparel & Goods
3-3. Sustainability area：Apparel & Goods Net Sales (million yen) Operating profit (million yen) 100,000 (former General mail-order business) Annual active customers 6,000 80,000 4,000 4,187,711 4,078,050 3,707,647 3,607,685 3,587,569 3,458,924 3,429,353 60,000 2,000 3,122,395 3,181,163 1,943,021 2,1
Slide 34: 3-4. Sustainability area: Kimono-Related
3-4. Sustainability area：Kimono-Related Net Sales and Operating profit Trends in Kimono Related Business （ Net Sales） （ Operating profit ） 250.0billionyen 20.0billionyen 200.0billionyen 10.0billionyen 150.0billionyen 0.0billionyen 100.0billionyen -10.0billionyen 50.0billionyen 0.0billionyen -20.0bil
Slide 35: 3-4. Database Utilization
3-4. Database Utilization Trends in net sales and operating profit in Database Utilization (Net sales) (Operating profit) 20.0billionyen 3.0billionyen 15.0billionyen 2.0billionyen 10.0billionyen 1.0billionyen 5.0billionyen 0.0billionyen 0.0billionyen FY March 2021 FY March 2022 FY March 2023 FY Marc
Slide 36: 3-6. Actions for management aware of capital costs and share price
3-6. Actions to realize management with an awareness of capital costs and share price Performance improvement (1) Achieve the targets in the plan for the fiscal year ending March 2025 Management focused on capital efficiency (1) Carry out management aimed at achieving an ROE of 10% or more (2) Elimi
Slide 37: 3-7. Belluna's promise
3-7. Belluna's promise Notice concerning the shareholder return policy published on May 13, 2024 1. Reason for the change The Company defines the return of profit to shareholders through the improvement of corporate value as one of its priority issues. Accordingly, it has continuously paid stable di
Slide 38: 3-8. Shareholder return
3-8. Shareholder return The annual dividend for the fiscal year ending March 2025 is forecast to be 29 yen per share. <Dividends> Dividends per share DOE Consolidat (dividend Interim Year-end Annual ed payout on equity) ratio FY March 2023 10.00 yen 10.00 yen 20.00 yen 26.1% 1.49% FY March 2024 10.2
Slide 39: Note
Note ＜Important notice＞ This material is prepared for the purpose of publicly disclosing information concerning the financial results of the 1st Half ended September 30, 2024 for FY March 2025. Nothing in this document shall be considered to be an offer to sell or a solicitation of an offer to buy s