- 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.