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Retail Trade

Nitori Holdings Co., Ltd.

Business Summary

Nitori Holdings Co., Ltd. engages in the management of its group of companies that deal with the sale of furniture. It operates through the Nitori Business and Shimachu Business segments. The Nitori Business segments handles the development, manufacture, and sale of furniture and interior merchandise. The Shimachu Business segment covers the sale of furniture, home accessories, and home center goods. The company was founded by Akio Nitori in December 1967 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit420,771.24M3,104.92M
Operating income129,302.27M954.13M
Income before tax128,227.81M946.20M
Net income87,811.67M647.97M
Diluted EPS777.135.73
Dividends Per Share1461.07
Total Assets1,133.77B8,518.82M
Total liabilities315,671M2,371.86M
Total equity818,096M6,146.93M
Operating cash flow91,398M674.43M
Currency in JPYCurrency in USD

Historical Data

 Feb 2019Feb 2020Feb 2021Feb 2022Mar 2023
Revenue 608,131M 642,273M 716,900M 811,581M 875,166.60M
Gross Profit 319,111M 339,789M 395,767M 405,490M 420,771.24M
Operating income 100,780M 107,478M 137,687M 138,270M 129,302.27M
Income before tax 100,490M 105,069M 130,696M 141,779M 128,227.81M
Net income 68,180M 71,395M 92,114M 96,724M 87,811.67M
EBITDA 114,998M 124,039M 155,518M 164,614M 156,032.82M
Diluted EPS 606.03 634.03 816.66 856.71 777.13
Dividends Per Share 97 108 123 140 146
Total Assets 619,286M 683,247M 927,048M 983,840M 1,133.77B
Total liabilities 119,091M 122,382M 245,187M 251,023M 315,671M
Total equity 500,192M 560,861M 642,097M 732,813M 818,096M
Operating cash flow 81,664M 99,337M 150,879M 85,565M 91,398M
 Feb 2019Feb 2020Feb 2021Feb 2022Mar 2023
Revenue 5,504.46M 5,891.88M 6,765.69M 7,278.76M 6,457.96M
Gross Profit 2,888.41M 3,117.04M 3,735.02M 3,636.68M 3,104.92M
Operating income 912.20M 985.94M 1,299.41M 1,240.09M 954.13M
Income before tax 909.58M 963.84M 1,233.43M 1,271.56M 946.20M
Net income 617.12M 654.94M 869.31M 867.48M 647.97M
EBITDA 1,040.89M 1,137.86M 1,467.69M 1,476.36M 1,151.38M
Diluted EPS 5.48 5.81 7.70 7.68 5.73
Dividends Per Share 0.87 0.99 1.16 1.25 1.07
Total Assets 5,563.11M 6,334.27M 8,701.40M 8,542.13M 8,518.82M
Total liabilities 1,069.80M 1,134.58M 2,301.36M 2,179.49M 2,371.86M
Total equity 4,493.28M 5,199.65M 6,026.81M 6,362.60M 6,146.93M
Operating cash flow 739.17M 911.26M 1,423.91M 767.40M 674.43M

Valuation Measures

Mar 2023
Operating margin14.77%
Profit margin10.03%


  • Chairman & Chief Executive Officer: Akio Nitori
  • President, COO & Representative Director: Toshiyuki Shirai
  • Executive Officer, GM-Accounting & Finance: Masaomi Yoshiharu
  • Director & Executive Vice President: Fumihiro Sudo
  • Director & Executive Vice President: Fumiaki Matsumoto


  • NITORI AKIO (21.1%)
  • Nitori International Scholarship Foundation (3.4%)
  • North Pacific Bank, Ltd. (3.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.8%)
  • NITORI MOMOYO (2.6%)
  • Nomura Asset Management Co., Ltd. (2.5%)
  • The Vanguard Group, Inc. (2.3%)
  • National Mutual Insurance Fed. of Agricultural Cooperatives (2.1%)
  • Templeton Global Advisors Ltd. (1.9%)
  • Nippon Life Insurance Co. (1.7%)

Contact Details

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