Belluna Co., Ltd. (9997) Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Comparison

Company

Score

Quality

Valuation

Financial

Technical

Valuence Holdings, Inc.

USS Co., Ltd.

ZOZO, Inc.

Aucnet, Inc.

Oisix ra daichi, Inc.

Mercari, Inc.

Kitanotatsujin Corp.

Kakuyasu Group Co., Ltd.

Rakuten Group, Inc.

Belluna Co., Ltd.

ASKUL Corp.

Why is Belluna Co., Ltd. ?

The company is Net-Debt Free

Poor long term growth as Operating profit has grown by an annual rate 1.03% of over the last 5 years
The company is Net-Debt Free

Poor long term growth as Operating profit has grown by an annual rate 1.03% of over the last 5 years

Flat results in Mar 26

DEBTORS TURNOVER RATIO(HY) Lowest at 4.72 times
INTEREST(Q) Highest at JPY 439 MM

With ROCE of 5.91%, it has a very attractive valuation with a 0.78 Enterprise value to Capital Employed

The stock is trading at a premium compared to its peers' average historical valuations
Over the past year, while the stock has generated a return of 6.89%, its profits have risen by 58.4% ; the PEG ratio of the company is 0.1

Underperformed the market in the last 1 year

The stock has generated a return of 6.89% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 85.83%

Real-Time Research Report

Verdict Report

How much should you hold?

Overall Portfolio exposure to Belluna Co., Ltd. should be less than 10%
Overall Portfolio exposure to E-Retail/ E-Commerce should be less than 30%

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in E-Retail/ E-Commerce)

When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock

Is Belluna Co., Ltd. for you?

Low Risk, Low Return

Absolute

Risk Adjusted

Volatility

Belluna Co., Ltd.

6.89%

1.05

25.62%

Japan Nikkei 225

85.83%

3.09

27.80%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

1.96%

EBIT Growth (5y)

1.03%

EBIT to Interest (avg)

40.50

Debt to EBITDA (avg)

4.05

Net Debt to Equity (avg)

0.65

Sales to Capital Employed (avg)

0.79

Tax Ratio

33.16%

Dividend Payout Ratio

31.78%

Pledged Shares

Institutional Holding

ROCE (avg)

6.66%

ROE (avg)

7.34%

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

0.61

EV to EBIT

13.20

EV to EBITDA

8.97

EV to Capital Employed

0.78

EV to Sales

0.94

PEG Ratio

0.13

Dividend Yield

ROCE (Latest)

5.91%

ROE (Latest)

7.85%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

Mildly Bearish

RSI

No Signal

Bollinger Bands

Mildly Bullish

Sideways

Moving Averages

Mildly Bearish (Daily)

KST

Mildly Bullish

Mildly Bearish

Dow Theory

Mildly Bullish

OBV

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

9What is working for the Company

ROCE(HY)

Highest at 7.89%

DIVIDEND PER SHARE(HY)

Highest at JPY 4.72

RAW MATERIAL COST(Y)

Fallen by -4.38% (YoY

NET PROFIT(9M)

Higher at JPY 11,906.23 MM

CASH AND EQV(HY)

Highest at JPY 73,025 MM

INVENTORY TURNOVER RATIO(HY)

Highest at 2.32 times

OPERATING PROFIT MARGIN(Q)

Highest at 14.3 %

-13What is not working for the Company

DEBTORS TURNOVER RATIO(HY)

Lowest at 4.72 times

INTEREST(Q)

Highest at JPY 439 MM

Here's what is working for Belluna Co., Ltd.

Dividend per share

Highest at JPY 4.72 and Grown

In each year in the last five years

MOJO Watch

Company is distributing higher dividend from profits generated

DPS (JPY)

Operating Profit Margin

Highest at 14.3 %

in the last five periods

MOJO Watch

Company's profit margin has improved

Operating Profit to Sales

Cash and Eqv

Highest at JPY 73,025 MM

in the last six Semi-Annual periods

MOJO Watch

Short Term liquidity is improving

Cash and Cash Equivalents

Inventory Turnover Ratio

Highest at 2.32 times

in the last five Semi-Annual periods

MOJO Watch

Company has been able to sell its inventory faster

Inventory Turnover Ratio

Net Profit

Higher at JPY 11,906.23 MM

than preceding 12 month period ended Mar 2026

MOJO Watch

In the nine month period the company has already crossed sales of the previous twelve months

Net Profit (JPY MM)

Raw Material Cost

Fallen by -4.38% (YoY)

MOJO Watch

The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin

Raw Material Cost as a percentage of Sales

Depreciation

Highest at JPY 2,084 MM

in the last five periods

MOJO Watch

The expenditure on assets done by the company may have gone into operation

Depreciation (JPY MM)

Here's what is not working for Belluna Co., Ltd.

Interest

At JPY 439 MM has Grown at 15.22%

period on period (QoQ)

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (JPY MM)

Debtors Turnover Ratio

Lowest at 4.72 times and Fallen

In each half year in the last five Semi-Annual periods

MOJO Watch

Company's pace of selling Debtors has slowed

Debtors Turnover Ratio

Interest

Highest at JPY 439 MM

in the last five periods and Increased by 15.22% (QoQ)

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (JPY MM)