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.
Japan-Update
Record profit masks Nitori's swelling costs
Renovation and urban expansion behind fiscal 2017 earnings shortfall
Nitori Holdings has been opening more stores in urban areas, where labor costs and rent tend to be higher than in the suburbs.
Read Next
Latest on Japan-Update
