Nitori Holdings Co. Ltd.

Nitori Holdings Co. Ltd.

22.30
USD
+4.60
(+25.96%)
9.07BMarket Cap
Nov 13Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
634.7
706.65
757.31
829.3
924.93
1,023.5
1,084.71
1,143.26
1,271.72
1,437.69
1,586.87
1,643.77
1,614.39
- -
Basic EPS, GAAP
65.17
70.05
75.23
85.02
108.19
114.9
121.61
127.08
163.4
171.34
159.56
146.08
157.98
- -
Free Cash Flow per Basic Share
32.63
29.3
23.03
50.08
69.98
23.02
95.45
128.7
231.74
-31.17
95.25
33.76
184.93
- -
Dividend per Share
8.49
8.99
10.68
11.78
13.98
18.38
18.78
20.76
22.17
27.21
29.58
29.58
30.58
- -
Book Value per Share
382.48
451.14
563.3
598.38
707.79
788.99
891.44
997.37
1,138.22
1,297.91
1,487.8
1,602.89
1,749.48
- -
Tangible Book Value per Share
370.21
433.52
544.33
578.11
683.16
764.18
857.83
953.63
1,072.86
1,230.41
1,474.18
1,586.39
1,731.81
- -
Basic Weighted Avg Shares
550
549
551
552
555
559
561
562
564
565
565
565
565
565
Sales/Revenue/Turnover
348,789
387,605
417,285
458,140
512,958
572,060
608,131
642,273
716,900
811,581
896,667
928,828
912,248
- -
Operating Margin (%)
17.65
16.27
15.89
15.94
16.72
16.32
16.57
16.73
19.21
17.04
13.63
12.32
13.29
- -
Depreciation Expense
9,185
10,194
10,190
10,799
12,312
13,030
14,218
16,561
17,831
26,344
61,082
66,143
69,509
- -
Net Income, GAAP
35,811
38,425
41,450
46,969
59,999
64,219
68,180
71,395
92,114
96,724
90,158
82,546
89,270
- -
Effective Tax Rate (%)
42.86
39.18
38.61
37.01
31.63
30.79
32.15
32.05
29.52
31.78
27.78
29.71
29.9
- -
Profit Margin (%)
10.27
9.91
9.93
10.25
11.7
11.23
11.21
11.12
12.85
11.92
10.05
8.89
9.79
- -
Working Capital
17,268
31,108
47,987
62,392
94,458
80,606
116,026
166,526
96,405
115,186
31,312
11,026
74,401
- -
LT Debt
10,246
6,453
4,835
3,143
2,330
10,143
7,984
10,714
7,875
56,003
30,000
20,000
10,000
- -
Total Equity
209,764
247,898
310,531
330,968
394,778
441,668
500,192
560,861
685,392
732,813
840,698
905,734
988,568
- -
Return on Invested Capital (%)
15.17
15.01
13.34
13.34
15.34
14.6
13.65
12.96
14.17
11.65
9.74
7.82
7.7
- -
Return on Capital (%)
16.5
15.86
14.34
14.33
16.35
15.09
14.14
13.17
13.99
12.36
10.2
8.17
8.2
- -
Return on Common Equity (%)
18.62
16.79
14.85
14.65
16.54
15.36
14.48
13.46
15.31
14.07
11.46
9.45
9.43
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
155,000
150,000
- -
LT Borrowings
15,000
10,000
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
565
565
565
Market Capitalization
1,443,574
1,439,521
1,405,200

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
350,082
397,898
- -
Cash, Cash Equivalents & STI
176,187
183,654
- -
Accounts Receivable, Net
55,485
80,667
- -
Inventories
108,054
122,167
- -
Total Current Liabilities
309,453
323,497
- -
Payables & Accruals
- -
- -
- -
ST Debt
155,000
150,000
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.39%
12.15%
9.15%
Free Cash Flow
38.7%
-11.08%
447.8%
Net Income, GAAP
8.59%
5.39%
8.15%
Sales/Revenue/Turnover
8.23%
7.42%
-1.79%
Total Cash Common Dividend
11.78%
8.45%
3.38%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
928,828
2026
- -
- -
- -
- -
912,248
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
146.08
2026
- -
- -
- -
- -
157.98
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
29.58
2026
- -
- -
- -
- -
30.58
2027
- -
- -
- -
- -
- -

Company Description

CEO
Akio Nitori
Full Time Employees
19,432
Sector
Retail trade
Industry
Specialty stores
Address
6-20, Kamiya 3-chome Tokyo TY Japan 115-0043
IPO Date
Sep 27, 1989
Business
Nitori Holdings Co., Ltd. (9843.T) operates as Japan's largest furniture and home furnishing retailer, engaging in the design, manufacturing, procurement, logistics, and sale of a broad range of home products including furniture such as tables, desks, sofas, and bedding; curtains and home textiles; kitchenware and cookware; tableware; storage solutions; interior decorations; and apparel through an integrated supply chain model encompassing physical stores, e-commerce platforms, and subsidiaries like Nitori Co., Ltd., Shimachu Co., Ltd., and Nitori Public Co., Ltd. Founded in 1967 and headquartered in Tokyo with a head office in Sapporo, Hokkaido, the company manages over 1,000 stores worldwide, primarily across Japan, mainland China, Taiwan, and expanding rapidly in Southeast Asia including Malaysia, Singapore, Thailand, Indonesia, the Philippines, Vietnam, and Korea, as well as its first store in India in December 2024 and plans for entry into additional markets. Targeting middle-income consumers seeking affordable quality and total living space coordination, Nitori sources approximately 65% of products overseas, mainly from China, while emphasizing cost efficiencies through in-house production, compressed packaging, and IT-driven operations. Recent developments include achieving 1,000 global stores by March 2024 with the opening of Nitori Tsuruga in Japan; accelerated overseas expansion with multiple new stores in 2025 such as the 12th in Malaysia, 6th in the Philippines, 5th in Singapore as its global flagship, 5th in Indonesia, 5th and 6th in Korea, and 4th in Vietnam; a capital and business alliance with EDION Corporation and Nitori Digital Base establishment to bolster IT capabilities aiming for 1,000 IT personnel by 2032; collaboration with Fukuyama Transporting Co., Ltd. via double semi-trailer trucks to address logistics challenges; an 8.76% stake acquisition in EDION from LIXIL Corporation for ¥10.3 billion; a corporate mission update in February 2025; and a stock split with revised dividends announced in July 2025, supporting its Vision 2032 of 3,000 stores and ¥3 trillion in net sales focused on Asian growth.

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