Belluna Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half Ending September 30, 2017 and Full Year Ending March 31, 2018
July 30, 2017
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Belluna Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 41,153 million compared to JPY 37,193 million a year ago. Operating income was JPY 2,870 million compared to JPY 2,411 million a year ago. Ordinary income was JPY 3,544 million compared to ordinary loss of JPY 1,337 million a year ago. Net income was JPY 3,105 million compared to net loss of JPY 1,084 million a year ago. Net income per share was JPY 31.94 compared to net loss per share of JPY 11.16 a year ago.
The company provided consolidated earnings guidance for the first half ending September 30, 2017 and full year ending March 31, 2018. For the first half, the company expected net sales of JPY 73,000 million, operating income of JPY 4,200 million, ordinary income of JPY 4,500 million and net income of JPY 2,900 million and net income per share of JPY 29.82.
For the full year ending March 31, 2018, the company expected net sales of JPY 160,000 million, operating income of JPY 13,000 million, ordinary income of JPY 13,500 million and net income of JPY 8,800 million and net income per share of JPY 90.50.
BELLUNA CO.,LTD. is a Japan-based company mainly engaged in the mail order business. The Company operates through seven business segments. General Mail Order segment is involved in the sale of lifestyle related products such as clothing, household goods and furniture, as well as the provision of the related business. Specialty Mail Order segment is involved in the sale of single items, as well as the sale of products specialized for specific customers. Store Sales segment is involved in the sale of clothing and kimono-related products. Solution segment is involved in the consignment business. Finance segment in involved in the provision of consumer finance business for mail order business customers. Property segment mainly includes real estate leasing business, real estate revitalization and development business and hotel business. Other segment is involved in the renting and wholesale of clothing, as well as the operation of golf courses.
Belluna Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half Ending September 30, 2017 and Full Year Ending March 31, 2018