TOKYO -- Furniture seller Nitori Holdings' net profit grew 7% to an all-time high of 64.2 billion yen ($607 million) last fiscal year, but rising costs have made investor expectations of continued growth tougher to meet.
The Japanese company's sales climbed 12% to 572 billion yen in the year through Feb. 20, beating the forecast by about 4 billion yen, on strong demand for such signature products as comfortable beds and mattresses and the N Warm series of heat-retaining bedding. Same-store sales rose 2.9%.
