ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Nitori harnesses yen as centerpiece of profit strategy

Furniture retailer's hefty buys of forward contracts guard against market swings

Furniture retailer Nitori has raised profit and revenue for 30 consecutive years.

TOKYO -- Furniture retailer Nitori Holdings excels at snapping up dollar-denominated forward contracts to lock in advantageous rates for importing the goods it sources abroad, letting the Japanese company hedge against foreign exchange fluctuations.

"When I hear '100 orders from an importer,' I know Nitori's made a move," said a foreign exchange manager at a Japanese megabank. One order is worth $1 million.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more