BELLUNA CO.,LTD.
9997・Prime Market・Retail Trade
Governance
The company operates as a company with an audit and supervisory committee, with the Board of Directors comprising 8 members (3 of whom are outside directors), and has introduced an executive officer system. To strengthen independence, a voluntary nomination and compensation committee composed solely of the 3 outside directors has been established, and a sustainability promotion committee has also been set up as an advisory body to the Board of Directors.
Risk Management
Risk management is undertaken through collaboration among three departments—the Legal Department, the Internal Audit Office, and the Corporate Planning Office—while a Compliance Committee comprising nine members, including outside legal counsel, meets monthly to manage compliance-related risks. A Sustainability Promotion Committee has established a framework to comprehensively identify and assess sustainability risks, including climate change risk, and report to the Board of Directors.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥38.00 per share (interim ¥15.00 + year-end ¥23.00), with total dividends of ¥3,657 million and a consolidated payout ratio of 31.7%. The forecast for FY2027 (ending March 2027) is an annual dividend of ¥39.00 (interim and year-end ¥19.50 each), with a payout ratio forecast of 31.3%. Share buybacks are provided for under the Articles of Incorporation.
Dividend Policy
The company has maintained a consolidated payout ratio in the low-to-mid 31% range as a track record, paying dividends twice a year through interim and year-end dividends. For FY2026 (ending March 2026), the annual dividend is forecast at ¥38.00 (interim ¥15.00 + year-end ¥23.00), an increase of ¥9.00 year-on-year, and for FY2027 (ending March 2027), an annual dividend of ¥39.00 (interim and year-end ¥19.50 each) is forecast. Share buybacks based on Board of Directors resolutions are provided for under the Articles of Incorporation, enabling agile capital policy.
ESG
The Sustainability Promotion Committee has been established as an advisory body to the Board of Directors, and the company is working—mainly in the apparel and general merchandise businesses—on reducing merchandise loss, cutting CO2 emissions (targeting -50% for Scope 2 versus FY2022 levels, with actual performance at -3.2%), reducing catalog paper resource usage, and expanding sustainable products. In terms of human capital, the company has set a target of 30% or more for the ratio of female managers, but this target remains unmet, with the group-wide ratio at 22.1% and Beluna on a standalone basis at 13.2%. The male employee childcare leave utilization rate stood at 62.5% (standalone basis).
Last updated: June 24, 2026