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Nitori Holdings Co
(9843)
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Rating:73Outperform
Price Target:
¥3,633.00
▲(18.57% Upside)
Action:Upgraded
Date:08/17/26
The score is driven primarily by solid but cooling fundamentals (slower revenue momentum and uneven free cash flow despite healthy margins and generally manageable leverage), supported by strong technical uptrend signals. Valuation is moderate with a mid-range P/E and a modest dividend yield.
Positive Factors
Solid profitability
Sustained gross and net profitability indicates that Nitori continues to convert home-furnishing sales into meaningful earnings. These margins provide an operating cushion, support reinvestment in stores and digital channels, and help the business remain resilient even as revenue growth moderates.
Negative Factors
Revenue deceleration
The shift from strong earlier growth to a slight revenue decline signals weaker top-line momentum entering the next several months. Slower sales expansion can limit operating leverage, reduce the growth contribution from the store and online networks, and make earnings more dependent on margin discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid profitability
Sustained gross and net profitability indicates that Nitori continues to convert home-furnishing sales into meaningful earnings. These margins provide an operating cushion, support reinvestment in stores and digital channels, and help the business remain resilient even as revenue growth moderates.
Read all positive factors
Nitori Holdings Co (9843) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.81T
Dividend Yield0.99%
Average Volume (3M)3.49M
Price to Earnings (P/E)20.3
Beta (1Y)0.05
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees19,432
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)157.27
Shares Outstanding572,217,470
10 Day Avg. Volume3,401,410
30 Day Avg. Volume3,492,376
Financial Highlights & Ratios
PEG Ratio1.96
Price to Book (P/B)1.44
Price to Sales (P/S)1.56
P/FCF Ratio13.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)159.72
Revenue Forecast (FY)¥947.69B
Nitori Holdings Co Business Overview & Revenue Model
Company Description
Nitori Holdings Co., Ltd. operates a retail business specializing in furniture and home furnishings across multiple international markets, including Japan, China, Taiwan, and the United States, facilitated through its subsidiaries. Beyond its prim...
How the Company Makes Money
Nitori Holdings makes money primarily by selling home-furnishing and household products to consumers under its retail brands (notably Nitori), earning revenue at the point of sale through its physical store network and online channels. A central d...
Nitori Holdings Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 906.81B | 912.25B | 928.83B | 896.67B | 875.17B | 811.58B |
| Gross Profit | 482.94B | 485.41B | 473.92B | 457.40B | 420.77B | 405.49B |
| EBITDA | 198.72B | 201.01B | 186.83B | 188.41B | 155.33B | 168.51B |
| Net Income | 88.87B | 89.27B | 82.55B | 90.16B | 87.81B | 96.72B |
Balance Sheet | ||||||
| Total Assets | 1.56T | 1.57T | 1.53T | 1.41T | 1.13T | 983.84B |
| Cash, Cash Equivalents and Short-Term Investments | 153.52B | 145.01B | 136.00B | 137.94B | 131.93B | 130.44B |
| Total Debt | 150.00B | 160.00B | 437.05B | 365.11B | 146.60B | 92.73B |
| Total Liabilities | 547.85B | 582.71B | 623.68B | 570.58B | 315.67B | 251.02B |
| Stockholders Equity | 1.01T | 988.56B | 905.73B | 840.70B | 818.10B | 732.81B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 107.50B | 22.95B | 57.11B | -22.54B | -15.96B |
| Operating Cash Flow | 0.00 | 148.91B | 144.38B | 181.16B | 91.40B | 85.56B |
| Investing Cash Flow | 0.00 | -55.10B | -127.86B | -133.11B | -132.54B | -119.98B |
| Financing Cash Flow | 0.00 | -86.50B | 1.29B | -55.38B | 36.90B | 17.73B |
Nitori Holdings Co Technical Analysis
Positive
3064.00
Price Trends
2993.94
Positive
2734.18
Positive
2697.24
Positive
Market Momentum
27.41
Negative
59.60
Neutral
85.04
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9843, the sentiment is Positive. The current price of 3064 is below the 20-day moving average (MA) of 3092.28, above the 50-day MA of 2993.94, and above the 200-day MA of 2697.24, indicating a bullish trend. The MACD of 27.41 indicates Negative momentum. The RSI at 59.60 is Neutral, neither overbought nor oversold. The STOCH value of 85.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9843.
Nitori Holdings Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥1.81T | 20.28 | 9.09% | 0.99% | ― | ― | |
63 Neutral | ¥617.73B | 17.37 | 29.94% | ― | 19.03% | 35.00% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ¥98.14B | 8.38 | 7.93% | 4.19% | 4.35% | 37.52% | |
61 Neutral | ¥591.94B | 29.52 | 2.50% | 2.40% | 6.56% | -37.24% | |
60 Neutral | ¥115.24B | 14.40 | ― | 2.16% | 7.92% | -20.32% | |
49 Neutral | ¥1.44T | -21.99 | -7.11% | 0.77% | 10.86% | 69.63% |
* Consumer Cyclical Sector Average
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Nitori Holdings Co Corporate Events
Nitori Holdings Sees Modest Profit Dip but Projects Full-Year Growth and Steady Dividends
Aug 7, 2026
Nitori Holdings reported a slight decline in first-quarter revenue and profit, with revenue down 2.3 percent to ¥226.3 billion and profit attributable to owners of the parent slipping 1.5 percent to ¥25.8 billion. Despite softer top-line...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.