Belluna has grown by harnessing the vast database and other management resources
cultivated through mail order sales and various incidental services to branch out
into new business areas, in line with its corporate philosophy of “enriching
customers’ lives through food, clothing, lifestyle and recreational goods and
services.”
Going forward, we will continue to evolve, creating new added value through our
multifaceted approach.
In light of the external environment including the reduced impact of COVID-19
pandemic, the ongoing depreciation of Japanese yen, and soaring prices of raw
materials, we aim for regrowth by creating a new winning pattern through product
value improvements and branding.
For the fiscal year ending March 31, 2025, we target to achieve net sales of 202
billion yen and operating income of 17 billion yen.
We aim for growth through synergies between BANKAN WAMONOYA with its highly
profitable business model and the Sagami Group with its strong brand
recognition.
For the fiscal year ending March 31, 2025, we target to achieve net sales of 31
billion yen and operating income of 2.1 billion yen.
We aim for stable growth in the highly profitable domestic property leasing business
as well as substantial growth in the post-COVID hotel business.
For the fiscal year ending March 31, 2025, we target to achieve net sales of 22
billion yen and operating income of 3.1 billion yen.

| 2023/3 | 2024/3 | 2025/3 | |
| Net Sales | 219.0 bil yen | 239.0 bil yen | 261.0 bil yen |
| Operating income (Income on net sales) |
15.0 bil yen (6.8%) | 19.0 bil yen (7.9%) | 22.6 bil yen (8.6%) |