Which companies are Belluna's closest peers?

The cockpit's peer set: Groupon (GRPN), ASOS (ASC.L), Yiwu Huading Nylon (601113.SS), ASKUL (2678.T), AO World (AO..L), Global Top E-Commerce (002640.SZ), HelloFresh (HFG.DE), Aucnet (3964.T).

Is Belluna expensive compared with its peers?

On ev / sales it trades at 1.0× against a peer median of 1.0×, 11th cheapest of 21 in its peer set.

How has Belluna stock performed?

Over six months to 6 Nov 2026 the shares returned +21.7% against +3.8% for the median peer; over one year +1.5%.

← CockpitCompetitor Analysis › 9997.T Belluna Co., Ltd.Open in the cockpit ↗

Belluna Co., Ltd.9997.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Discretionary›Internet Retail

Momentum strong 78

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$629M

US dollars, full cap

Free float

42%

of shares outstanding

$/day

$1.75M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-0.6 pp

WACC 5.0%

Hurdle

n/a

no reverse DCF

Next earnings

90 days

4 Feb 2027

Close · JPY¥1,026

1D-5.1%

1W+4.5%

1M-1.2%

3M+3.0%

6M+21.7%

YTD+3.0%

1Y+1.5%

ATR %2.5%

52w lowhigh7.5% off high

What Belluna does

Employees: 3,844

Belluna at a glance

Size Belluna (9997.T) is a Japan Consumer Discretionary company (Internet Retail) with a market value of $629M, the 957th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,026 on 6 Nov 2026.

Performance Over six months the shares gained 21.7%, against +3.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 4.8% over the last twelve months (peer median -4.9%); the operating margin is 7.6% (peer median 1.5%).

Valuation It trades at 1.0× enterprise value to sales against a peer median of 1.0× (11th cheapest of 21).

Capital Return on invested capital runs 0.6 points below its cost of capital (5.0% WACC).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Belluna against the median of its 20 peers (local-currency closes).

Belluna financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥222B	¥218B	¥211B	¥208B	¥212B
Revenue growth	—	+3%	+1%	-2%	—
Gross profit	¥141B	¥137B	¥129B	¥126B	¥126B
EBITDA	¥24.9B	¥24.2B	¥18.2B	¥15.7B	¥15.8B
Net income	¥11.7B	¥11.5B	¥8.80B	¥5.84B	¥7.42B
Free cash flow	n/a	-¥14.8B	-¥5.34B	-¥2.88B	-¥19.9B
Capital expenditure	n/a	¥33.5B	¥15.3B	¥16.8B	¥30.0B
Total debt	¥154B	¥150B	¥130B	¥120B	¥111B

Quarterly statements and history in the cockpit →

Belluna competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Belluna is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Belluna is the large dot.

Belluna competitors and peer comparison

How Belluna compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Belluna against its 20 peers (data as of 6 Nov 2026)
Measure	9997.T	Peer median	Rank in peer set
1-month return	-1.2%	+0.4%	10th lowest of 21
6-month return	+21.7%	+3.8%	7th highest of 21
Distance from 52-week high	-7.5%	-26.7%	highest of 21
Revenue growth (TTM)	+4.8%	-4.9%	7th highest of 21
Operating margin	7.6%	1.5%	5th highest of 21
EV / Sales	1.0×	1.0×	11th cheapest of 21
ROIC minus cost of capital	-0.6 pp	-3.2 pp	5th highest of 18
EV / EBITDA	8.6×	8.6×	4th cheapest of 8
Net debt / EBITDA	4.7×	1.6×	3rd most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Belluna 9997.T	Japan	$629M	+22%	+5%	8%	1.0×	n/a	n/a
Groupon GRPN	United States	$630M	-13%	+2%	2%	1.4×	27.5%	-18.9%
ASOS ASC.L	United Kingdom	$670M	+88%	-15%	-1%	0.5×	1.2%	-5.5%
Yiwu Huading Nylon 601113.SS	China	$670M	-28%	-5%	1%	1.0×	n/a	n/a
ASKUL 2678.T	Japan	$682M	+2%	-20%	-5%	0.3×	n/a	n/a
AO World AO..L	United Kingdom	$687M	+6%	+11%	4%	0.4×	3.0%	-5.3%
Global Top E-Commerce 002640.SZ	China	$757M	-12%	-6%	1%	0.9×	33.4%	-19.8%
HelloFresh HFG.DE	Germany	$483M	-28%	-13%	0%	0.1×	24.1%	+12.5%
Aucnet 3964.T	Japan	$824M	+12%	+12%	15%	1.5×	0.1%	+21.6%
Hangzhou Onechance Tech Crop 300792.SZ	China	$839M	-32%	-19%	9%	4.3×	19.9%	-3.7%
Petco Health & Wellness WOOF	United States	$848M	+5%	-1%	3%	0.6×	6.6%	+3.9%
Kits Eyecare KITS.TO	Canada	$462M	+64%	+21%	4%	2.8×	28.3%	+21.9%
THG THG.L	United Kingdom	$877M	+30%	+10%	-1%	0.7×	n/a	n/a
MSTC MSTCLTD.NS	India	$439M	+30%	+21%	58%	10.7×	34.9%	-13.9%
Rumere 301088.SZ	China	$422M	-16%	-25%	1%	4.2×	30.8%	-6.9%
Huakai Yibai Technology 300592.SZ	China	$966M	+27%	-11%	7%	0.8×	3.4%	+132.3%
IndiaMART InterMESH INDIAMART.NS	India	$985M	-26%	+12%	34%	3.8×	8.2%	+18.6%
NanJi E-Commerce 002127.SZ	China	$1.05B	-1%	-28%	-12%	2.3×	6.4%	-9.0%
Oisix 3182.T	Japan	$368M	+17%	-5%	3%	0.3×	-6.6%	+20.2%
Akso Health Group Sponsored ADR AHG	United States	$1.14B	-34%	-6%	-29%	82.3×	n/a	n/a
Aramis ARAMI.PA	France	$327M	+22%	-2%	1%	0.2×	4.9%	+23.4%

Questions

Which companies are Belluna's closest peers?: The cockpit's peer set: Groupon (GRPN), ASOS (ASC.L), Yiwu Huading Nylon (601113.SS), ASKUL (2678.T), AO World (AO..L), Global Top E-Commerce (002640.SZ), HelloFresh (HFG.DE), Aucnet (3964.T).
Is Belluna expensive compared with its peers?: On ev / sales it trades at 1.0× against a peer median of 1.0×, 11th cheapest of 21 in its peer set.
How has Belluna stock performed?: Over six months to 6 Nov 2026 the shares returned +21.7% against +3.8% for the median peer; over one year +1.5%.