NitoriNitori Holdings Co., Ltd.9843東証プライム小売業FY ending Mar 2026, consolidated, IFRS

Nitori FY ending Mar 2026 results

About 88% of Nitori's sales come from NITORI, with SHIMACHU making up much of the rest.

Out of every ¥100 of sales, about ¥13 is left as operating profit.

Revenue changed -1.8% from the prior year, operating profit +6.7%.

Revenue and profit pattern

Revenue down, profit up

Revenue -1.8% · profit +6.7%, calculated from disclosed figures.

Operating leverage: -3.74× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: -1.8%¥928.8B → ¥912.2B
Gross profit: +2.4%¥473.9B → ¥485.4B
Operating income: +6.7%¥117.7B → ¥125.5B
Net income attributable to owners: +8.1%¥82.5B → ¥89.3B
Operating cash flow: +3.1%¥144.4B → ¥148.9B

Results at a glance

Revenue for the FY ending Mar 2026 came in at ¥912.2B, down -1.8% from ¥928.8B.
Profits still grew: gross profit rose +2.4% to ¥485.4B and operating income rose +6.7% to ¥125.5B.
Net income attributable to owners increased +8.1% to ¥89.3B, and operating cash flow was up +3.1% at ¥148.9B.

What drove the change

Fewer customers visited existing Nitori stores in Japan; the company says it did not bring out attractive new products quickly enough.
SHIMACHU sold more private-brand goods, which improved its gross margin, and cut advertising and delivery costs, turning its segment back to a profit.
In mainland China it closed unprofitable stores and resized sales floors, and the company says overseas profitability improved significantly.

Things to watch

Most products are imported, so a sharp rise in the US dollar could push up purchasing costs.
Production relies heavily on China and other Asian countries, so political or economic shifts or disasters there could disrupt supply.
The company expects shoppers to stay cautious about spending as prices rise, with only a limited recovery in demand for durable goods like furniture.

Annual Securities Report, 54th fiscal year (Apr 2025 - Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 54th fiscal year (Apr 2025 - Mar 2026) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Nitori sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥47
SG&A: ¥40
Operating profit: ¥13
Net profit kept: ¥10

Annual margin trends

Gross margin53.2%

Operating margin13.8%

Net margin9.8%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

NITORI¥803.5B
88%
Op. margin 14.7%Industry: Furniture, Interior & Lifestyle Goods
SHIMACHU¥108.7B
12%
Op. margin 6.6%Industry: Furniture, Interior & Lifestyle Goods

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (4)

EDINET (FSA Japan)
有価証券報告書－第54期(2025/04/01－2026/03/31)
ID S100YIMF2026-06-24Open
EDINET (FSA Japan)
有価証券報告書－第53期(2024/04/01－2025/03/31)
ID S100W5DK2025-06-25Open
EDINET (FSA Japan)
有価証券報告書－第52期(2023/04/01－2024/03/31)
ID S100TOSN2024-06-21Open
EDINET (FSA Japan)
有価証券報告書－第51期(2022/02/21－2023/03/31)
ID S100R1N22023-06-23Open

Extracted from XBRL: 41 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Other periods

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open Markdown Share on X Save image