ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Retail Trade

Nitori Holdings Co., Ltd.

Business Summary

Nitori Holdings Co., Ltd. engages in the sales of furniture and interior goods through its group companies. It offers beddings, curtains, carpets, rugs, mats, interior items, daily living items, kitchenware, cookware, tableware, bath ware, toilet, laundry, beds, sofas, cushions, television stands, living room storage, tables, chairs, cupboards, storage racks, office furniture, bookshelves, stationeries, relaxation, massage, health items, everyday life support items, children's room items, study desks, small home appliances, lighting products and kitchen units. The company was founded in December 1967 and is headquartered in Tokyo, Japan.

Financial Highlights

Feb 2021 JPYUSD
Gross Profit395,767M3,735.02M
Operating income137,687M1,299.41M
Income before tax130,696M1,233.43M
Net income92,114M869.31M
Diluted EPS816.667.70
Dividends Per Share1231.16
Total Assets927,048M8,701.40M
Total liabilities245,187M2,301.36M
Total equity642,097M6,026.81M
Operating cash flow150,879M1,423.91M
Currency in JPYCurrency in USD

Historical Data

 Feb 2017Feb 2018Feb 2019Feb 2020Feb 2021
Revenue 512,958M 572,060M 608,131M 642,273M 716,900M
Gross Profit 267,868M 303,422M 319,111M 339,789M 395,767M
Operating income 85,777M 93,379M 100,780M 107,478M 137,687M
Income before tax 87,822M 92,783M 100,490M 105,069M 130,696M
Net income 59,999M 64,219M 68,180M 71,395M 92,114M
EBITDA 98,089M 106,409M 114,998M 124,039M 155,518M
Diluted EPS 536.23 571.63 606.03 634.03 816.66
Dividends Per Share 82 92 97 108 123
Total Assets 491,216M 553,269M 619,286M 683,247M 927,048M
Total liabilities 96,434M 111,598M 119,091M 122,382M 245,187M
Total equity 394,634M 441,668M 500,192M 560,861M 642,097M
Operating cash flow 77,926M 76,840M 81,664M 99,337M 150,879M
 Feb 2017Feb 2018Feb 2019Feb 2020Feb 2021
Revenue 4,737.79M 5,134.91M 5,504.46M 5,891.88M 6,765.69M
Gross Profit 2,474.08M 2,723.57M 2,888.41M 3,117.04M 3,735.02M
Operating income 792.25M 838.18M 912.20M 985.94M 1,299.41M
Income before tax 811.14M 832.83M 909.58M 963.84M 1,233.43M
Net income 554.16M 576.44M 617.12M 654.94M 869.31M
EBITDA 905.97M 955.14M 1,040.89M 1,137.86M 1,467.69M
Diluted EPS 4.95 5.13 5.48 5.81 7.70
Dividends Per Share 0.75 0.82 0.87 0.99 1.16
Total Assets 4,390.36M 5,185.03M 5,563.11M 6,334.27M 8,701.40M
Total liabilities 861.90M 1,045.85M 1,069.80M 1,134.58M 2,301.36M
Total equity 3,527.13M 4,139.14M 4,493.28M 5,199.65M 6,026.81M
Operating cash flow 719.74M 689.72M 739.17M 911.26M 1,423.91M

Valuation Measures

Feb 2021
Operating margin19.20%
Profit margin12.84%

Key executives

  • Chairman & Chief Executive Officer: Akio Nitori
  • President, COO & Representative Director: Toshiyuki Shirai
  • Director & Vice President: Fumihiro Sudo
  • Director & Vice President: Fumiaki Matsumoto
  • Executive Officer: Kazuyoshi Tayano


  • NITORI AKIO (21.1%)
  • Nitori International Scholarship Foundation (3.4%)
  • North Pacific Bank, Ltd. (3.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.7%)
  • NITORI MOMOYO (2.6%)
  • Nomura Asset Management Co., Ltd. (2.4%)
  • National Mutual Insurance Fed. of Agricultural Cooperatives (2.1%)
  • Nippon Life Insurance Co. (1.7%)
  • The Vanguard Group, Inc. (1.7%)
  • Capital Research & Management Co. (World Investors) (1.6%)

Contact Details

Related Companies

  • NITORI (Shanghai) Home Furnishing Sales Co., Ltd.
  • Nitori Shanghai Home Furnishing Co., Ltd.
  • NITORI (China) Holdings Co., Ltd.
  • Nitori Trading Vietnam Co., Ltd.
  • NITORI (Taicang) Trading & Logistics Co., Ltd.
  • NITORI Furniture Ba Ria-Vung Tau Co., Ltd.
  • Nitori Holdings Restricted Stock Compensation Plan
  • Thai Negoro Co., Ltd.
  • Home Deco Co., Ltd.
  • Huizhou Shiniao Logistics Co. Ltd.
  • NITORI (China) Co., Ltd.
  • DecoHome China Co. Ltd.
  • Nitori Taiwan Co., Ltd.
  • Nitori Trading (Thailand) Co., Ltd.
  • Nitori USA, Inc.
  • Nitori Facility Co., Ltd.
  • Nitori (Malaysia) Sdn. Bhd.
  • Nitori Holdings Employee Incentive Plan
  • Deco Home Co., Ltd.
  • Mingying Trading (Shanghai) Co., Ltd.
  • Home Logistics Co., Ltd.
  • Shanghai Liqiao Industrial Co. Ltd.
  • Nitori Furniture Vietnam EPE
  • PT Nitori Furniture Indonesia
  • Nitori Co., Ltd.
  • Nitori Public Co., Ltd.
  • N Plus KK
  • Nitori Furniture Co., Ltd.


    Last Updated on 3 Dec, 2021

    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