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BELLUNA CO.,LTD.

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Recent & upcoming events

Jul 31
Earnings 2:00
Q1 earnings announcement (scheduled)
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Jun 24
Shareholder meeting Time TBD
Shareholders' meeting
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May 13
Earnings 2:00
FY earnings announcement (scheduled)
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Sep 27
Est.
Dividend Time TBD
Last day with rights (interim)
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Sep 28
Est.
Ex-dividend Time TBD
Ex-rights date (interim)
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Oct 16
Est.
Earnings 2:00 approx.
Q2 earnings
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2027
Jan 8
Est.
Earnings 1:00 approx.
Q3 earnings
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Mar 26
Est.
Earnings 2:00 approx.
Q3 earnings
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Mar 28
Est.
Dividend Time TBD
Last day with rights (year-end)
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Mar 29
Est.
Ex-dividend Time TBD
Ex-rights date (year-end)
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Jun 11
Est.
Earnings 2:00 approx.
Full-year earnings
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KPI highlights

FY26
Revenue ¥218.10B YoY +3.4%
Operating income ¥16.48B margin 7.6%
Net income ¥11.54B YoY +31.2%
EPS ¥120 YoY +31.4%
P/E
ROE 7.9% Equity ratio 45% Typical equity ratios vary a lot by industry. Banks, brokerages, and other financial companies tend to run lower ratios because leverage (using other people's capital) is core to their business model — a low ratio there isn't a sign of financial weakness.

Company guidance

FY2027/03 Company-issued full-year guidance (from earnings report) / %=vs prior FY
Revenue ¥221.00B +1.3%
Operating income ¥17.50B +6.2%
Net income ¥12.00B +4.0%
EPS ¥125 +4.0%

Quarterly fundamentals

Income & cash flow
Quarter FY23 Q2FY23 Q3FY23 Q4FY24 Q1FY24 Q2FY25 Q2
Revenue ¥51.84B¥44.26B¥60.17B¥52.02B
Operating income ¥1.16B¥1.94B¥2.63B¥4.06B
Net income ¥1.39B¥1.89B¥1.82B¥613M
Operating CF

Ownership over time

Share of total shares outstanding (disclosed major holdings + undisclosed)(2021–2026)

事業法人 43%国内機関 13.6%個人 8.9%未開示 34.6%202120222023202420252026
事業法人国内機関海外機関個人未開示・浮動株

「国内機関」は信託銀行の名義口座(年金・パッシブ・一部海外資本を含む)を集計し、実質保有者へは分解していません。分類は開示名称からの推定です。

Top shareholders — rank & share

株式会社フレンドステージ 43%株式会社フレンドステージ日本マスタートラスト信託銀行株式会社 5.1%日本マスタートラスト信託銀行株式会社(信託口)安 野   清 3%安 野   清安 野   公 3%安 野   公株式会社日本カストディ銀行(信託口) 2.9%株式会社日本カストディ銀行(信託口)株式会社三井住友銀行 2.3%株式会社三井住友銀行野村信託銀行株式会社(退職給付信託三 2%野村信託銀行株式会社(退職給付信託三菱UFJ銀行口)ベルーナ共栄会 1.8%ベルーナ共栄会202120222023202420252026

Top shareholders — actual figures (as of 2026)

Holder Shares held Ratio Source
株式会社フレンドステージ 41,383,000 43.0% Yuho (EDINET)
日本マスタートラスト信託銀行株式会社(信託口) 4,876,000 5.1% Yuho (EDINET)
安 野 清 2,916,000 3.0% Yuho (EDINET)
安 野 公 2,914,000 3.0% Yuho (EDINET)
株式会社日本カストディ銀行(信託口) 2,832,000 2.9% Yuho (EDINET)
株式会社三井住友銀行 2,246,000 2.3% Yuho (EDINET)
野村信託銀行株式会社 1,968,000 2.0% Yuho (EDINET)
ベルーナ共栄会 1,688,000 1.8% Yuho (EDINET)
株式会社日本カストディ銀行(信託口4) 1,136,000 1.2% Yuho (EDINET)
ベルーナ従業員持株会 1,013,000 1.1% Yuho (EDINET)

Source:EDINET(大株主の状況) Classification inferred from disclosed names

F-Score (Piotroski)

7/9

Checks financial health against 9 criteria and shows how many are met as a fraction (more ✓ marks is healthier). Items with no data are shown as “—” — they're simply excluded from judgment, not counted against the score.

Positive ROA ROA 3.4%
Positive operating cash flow ¥18.46B
ROA improved YoY 2.8% → 3.4%
Operating CF exceeds net income (accrual quality) OCF ¥18.46B / net income ¥11.54B
Equity ratio improved* Substitute for the original “decrease in long-term debt” 45.2% → 44.5%
Current ratio improved 2.13× → 2.46×
No dilution (shares outstanding did not increase) 97,244,000 → 97,244,000
Gross margin improved 61.3% → 62.9%
Asset turnover improved 0.67× → 0.64×

This score is reference information based on our own financial metrics. It is NOT a credit rating issued by a credit rating agency under Article 66-27 of the Financial Instruments and Exchange Act, and is NOT investment advice or a recommendation. Make investment decisions at your own responsibility.

Fact checklist

FY26
Equity ratio 44.5%
Current ratio 2.5×
Years of positive operating CF 10 of last 10 yrs
Payout ratio 126%
Latest fiscal year result Profit (net income ¥11.54B)

Performance history

Last 10 years
0億円550億円1,101億円1,651億円2,201億円 FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Income & assets

Unit: ¥100M
Item FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Revenue 1,4611,6171,7761,7992,0652,2012,1242,0832,1092,181
Operating income 10913012010315713811297.9119165
Ordinary income 122132153104169145125118133163
Net income 58.096.710358.611010274.258.488.0115
Total assets 1,7901,9592,1382,2312,4022,5422,8563,0073,1253,401
Equity 8789311,0051,0251,1321,1901,2641,3621,4171,515

Indicators & cash flow

Unit: ¥100M
Item FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
EPS ¥60¥99¥106¥61¥114¥106¥77¥60¥91¥120
ROE 7.0%10.9%10.8%5.8%10.3%8.8%6.1%4.5%6.4%7.9%
Operating CF 82.189.285.666.220871.582.412896.9185
Investing CF -99.5-129-127-111-51.9-170-299-144-178-323
Financing CF 30.069.435.857.1-70.086.523559.767.2139
FCF -17.3-39.3-41.7-44.8156-98.8-217-16.3-81.0-138

Source: EDINET (Annual Securities Report) (fetched 2026-08-29) *Some metrics supplemented from additional sources

Key financial metrics

Dividend grower

Sector positioning

Relative standing within the sector

Data provided by Twelve Data