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The latest announcement is out from Belluna Co., Ltd. ( (JP:9997) ).
Belluna Co., Ltd. has announced the acquisition of Hotel Zuiho and Akiu Grand Hotel in Sendai City, Miyagi, from Karakami HOTELS & RESORTS Co., Ltd. This strategic move is part of Belluna’s growth plan to expand its hotel business and increase profitability by leveraging its customer base and operational expertise. The acquisition is expected to enhance Belluna’s presence in the tourism sector, particularly in the Tohoku region, and maximize revenue opportunities amid rising tourism demand. The impact on the company’s financial results is expected to be minimal, but Belluna will continue to monitor and disclose any significant developments.
More about Belluna Co., Ltd.
Belluna Co., Ltd. operates in the property and hotel business, focusing on expanding its profitability through strategic acquisitions. The company aims to enhance its hotel portfolio and capitalize on tourism demand, leveraging its expertise in hotel operations and customer relations.
YTD Price Performance: 15.50%
Average Trading Volume: 258,967
Technical Sentiment Signal: Buy
Current Market Cap: Yen85.57B
Find detailed analytics on 9997 stock on TipRanks’ Stock Analysis page.