Belluna posts 2% sales growth amid mixed performance

Belluna reported consolidated sales of 16.4bn yen for July, up 2% year-on-year.

The hotel business drove growth with sales of 3.1bn yen, jumping 36% due to strong occupancy in Sapporo and Osaka.

However, the apparel and goods division fell 8% to 5.4bn yen. The decline stemmed from reduced paper media issuance for profitability reasons and the previous termination of mall business services.