September performance: Despite a rebound decline at hotels in the Osaka area where last year’s Expo was held, strong performance at “Sapporo Hotel by GRANBELL”, “Toya Sun Palace Resort & Spa”, and “New Akan Hotel”, together with sales uplift from the acquisitions of “Hotel Zuiho”, “Akiu Grand Hotel” and “Kussharo Prince Hotel”, drove revenue to 3,360 million yen, a 28% increase year-over-year for the month.

Overview of Results

Belluna Co., Ltd. reported monthly sales for September of 3,360 million yen (28% increase year-over-year), with cumulative sales of 16,711 million yen (5% increase year-over-year). The hotel business, despite some impact from a rebound decline following the Osaka Expo, saw sales boosted by strong performance at Sapporo, Toya and New Akan hotels and contributions from newly acquired hotels. The apparel and general merchandise businesses performed well with solid autumn/winter product sales, supporting group-wide growth overall.

Outlook and Key Points

If contributions from the hotel business continue, overall sales stability could improve. The performance of newly acquired hotels and seasonal trends across business segments should be closely monitored as factors that may affect next fiscal year results.