# Nitori vs PAL GROUP Holdings

> Unit: JPY millions (ratios in %)
> Periods: Nitori = FY ending Mar 2026, consolidated, IFRS / PAL GROUP Holdings = FY ending Feb 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T20:36:41.853Z

| Metric | Nitori | PAL GROUP Holdings |
| --- | ---: | ---: |
| Revenue | 912,248 | 234,704 |
| Operating income | 125,526 | 27,144 |
| Net income | 89,270 | 17,714 |
| COGS ratio | 46.8% | 43.3% |
| Operating margin | 13.8% | 11.6% |
| Net margin | 9.8% | 7.5% |
| FCF margin | — | 7.6% |
| Period | FY ending Mar 2026 | FY ending Feb 2026 |
| Source | S100YIMF | S100Y647 |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Nitori | PAL GROUP Holdings |
| --- | ---: | ---: |
| Revenue growth | — | 93.6 (55 peers) |
| Profitability | 86.1 (18 peers) | 91 (61 peers) |
| Cash conversion | 73.5 (17 peers) | 43.6 (47 peers) |
| Efficiency | 8.3 (18 peers) | 73 (61 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/nitori-holdings/md
- https://vizora.meequs.com/en/company/pal-group-holdings/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).