Belluna Co., Ltd. completed the acquisition of Toya Sun Palace Resort & Spa and The Lake Suite Ko-No-Sumika from Karakami Kankoh Co.,Ltd.
March 30, 2023
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Belluna Co., Ltd. (TSE:9997) singed a contract to acquire Toya Sun Palace Resort & Spa and The Lake Suite Ko-No-Sumika from Karakami Kankoh Co.,Ltd. on March 8, 2023. In a related transaction, Karakami Kankoh selling New Akan Hotel to a private buyer. The hotels are expected to be delivered on March 31, 2023.
Belluna Co., Ltd. (TSE:9997) completed the acquisition of Toya Sun Palace Resort & Spa and The Lake Suite Ko-No-Sumika from Karakami Kankoh Co.,Ltd. on March 31, 2023.
BELLUNA CO.,LTD. is a Japan-based company mainly engaged in the mail order business. The Company operates through seven business segments. General Mail Order segment is involved in the sale of lifestyle related products such as clothing, household goods and furniture, as well as the provision of the related business. Specialty Mail Order segment is involved in the sale of single items, as well as the sale of products specialized for specific customers. Store Sales segment is involved in the sale of clothing and kimono-related products. Solution segment is involved in the consignment business. Finance segment in involved in the provision of consumer finance business for mail order business customers. Property segment mainly includes real estate leasing business, real estate revitalization and development business and hotel business. Other segment is involved in the renting and wholesale of clothing, as well as the operation of golf courses.