Nitori Holdings Co (9843) AI Stock Analysis

• Market Cap: ¥1.50T
• Dividend Yield: 1.11%
• Average Volume (3M): 3.81M
• Price to Earnings (P/E): 18.0
• Beta (1Y): >-0.01
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: 18,934
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): N/A
• Shares Outstanding: 572,217,470
• 10 Day Avg. Volume: 4,226,770
• 30 Day Avg. Volume: 3,813,650
• PEG Ratio: -4.42
• Price to Book (P/B): 1.85
• Price to Sales (P/S): 1.80
• P/FCF Ratio: 87.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥2,800.00
• Price Target Upside: 3.55% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ¥3,017.00 ▲(11.58% Upside)

Nitori Holdings Co's overall stock score is driven by strong financial performance, particularly in revenue growth and operational efficiency. While the technical analysis indicates some bearish sentiment, the valuation remains fair with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion and stability.

Operational Efficiency

High EBIT and EBITDA margins reflect strong operational efficiency, allowing the company to maintain profitability and competitive pricing.

Financial Leverage

Prudent financial leverage with a low debt-to-equity ratio enhances financial stability and reduces risk, supporting sustainable growth.

Negative Factors

Rising Debt Levels

Rising debt levels can strain financial resources and increase risk, potentially impacting the company's ability to invest in growth opportunities.

Free Cash Flow Concerns

Negative free cash flow due to high capital expenditure could limit financial flexibility, affecting the company's ability to fund new projects or return capital to shareholders.

Net Profit Margin Decline

A decline in net profit margin indicates increased expenses or reduced other income, which may pressure profitability if not addressed.

Nitori Holdings Co Business Overview & Revenue Model

Company Description

Nitori Holdings Co., Ltd., through its subsidiaries, retails furniture and interior products in Japan, China, Taiwan, and the United States. The company also provides non-life and life insurance products; logistics services; and advertising and public relations support services. Nitori Holdings Co., Ltd. was founded in 1967 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Nitori makes money through the sale of its diverse range of home furnishing products in its retail stores and online platforms. The company's revenue model is primarily based on direct sales, where customers purchase items at retail prices. Key revenue streams include the sale of furniture, bedding, kitchen items, and decorative accessories. Nitori also benefits from economies of scale by sourcing products directly from manufacturers, which allows for competitive pricing. Additionally, the company has invested in e-commerce, enhancing its online sales capabilities, which have become increasingly important. Strategic partnerships with suppliers and a focus on customer service further contribute to customer retention and repeat purchases, driving overall revenue growth.

Nitori Holdings Co Financial Statement Overview

Summary

Nitori Holdings Co exhibits strong revenue growth and operational efficiency, as evidenced by solid margins. The balance sheet reflects effective leverage management, though the rise in debt warrants attention. Cash flow management requires improvement due to recent negative free cash flow, but operational cash generation remains robust. Overall, the company is financially sound with areas needing strategic focus for sustained growth.

Income Statement

Nitori Holdings Co has shown consistent revenue growth with a 3.7% increase in the latest year. Gross profit margin remains strong at 51.0%, indicating effective cost management. However, net profit margin has declined slightly to 8.3%, suggesting increased expenses or lower other income. EBIT and EBITDA margins are robust at 13.0% and 16.0% respectively, highlighting the company's operational efficiency.

Balance Sheet

The company maintains a healthy debt-to-equity ratio of 0.21, indicating prudent financial leverage. Return on equity is solid at 8.0%, reflecting effective use of shareholder funds. The equity ratio is stable at 71.5%, showcasing a strong asset base funded by equity. However, the increase in total debt suggests potential future risk if not managed carefully.

Cash Flow

Operating cash flow to net income ratio is healthy at 1.46, suggesting efficient cash generation from operations. However, the free cash flow has turned negative, primarily due to high capital expenditure, which could be a concern if it persists. The free cash flow to net income ratio is negative, indicating the need for improved cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	927.83B	928.83B	895.80B	875.17B	811.58B	716.90B
Gross Profit	478.09B	473.92B	455.95B	420.77B	405.49B	395.77B
EBITDA	163.96B	186.83B	186.33B	156.03B	168.51B	148.82B
Net Income	78.83B	82.55B	86.52B	87.81B	96.72B	92.11B
Balance Sheet
Total Assets	1.51T	1.53T	1.24T	1.13T	983.84B	927.05B
Cash, Cash Equivalents and Short-Term Investments	136.02B	136.00B	141.71B	131.93B	130.44B	166.37B
Total Debt	190.00B	437.05B	143.97B	146.60B	92.73B	58.16B
Total Liabilities	591.81B	623.69B	342.37B	315.67B	251.02B	245.19B
Stockholders Equity	919.84B	905.73B	896.30B	818.10B	732.81B	642.10B
Cash Flow
Free Cash Flow	0.00	19.08B	21.63B	-25.77B	-17.75B	130.29B
Operating Cash Flow	0.00	144.38B	143.59B	91.40B	85.56B	150.88B
Investing Cash Flow	0.00	-127.86B	-131.82B	-132.54B	-119.98B	-195.99B
Financing Cash Flow	0.00	1.29B	-20.61B	36.90B	17.73B	30.31B

Nitori Holdings Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2704.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9843, the sentiment is Negative. The current price of 2704 is above the 20-day moving average (MA) of 2692.55, above the 50-day MA of 2690.01, and below the 200-day MA of 2788.06, indicating a bearish trend. The MACD of -31.55 indicates Positive momentum. The RSI at 44.26 is Neutral, neither overbought nor oversold. The STOCH value of 31.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9843.

Nitori Holdings Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7419	74 Outperform	¥379.94B	9.52	―	1.35%	15.92%	52.76%
9843	72 Outperform	¥1.50T	17.99	―	1.11%	―	―
2730	70 Outperform	¥223.72B	16.87	―	2.23%	3.24%	12.49%
8282	67 Neutral	¥253.94B	23.29	―	2.72%	2.23%	57.10%
3048	66 Neutral	¥301.28B	15.74	11.17%	2.61%	5.63%	25.64%
9831	64 Neutral	¥448.62B	13.71	4.18%	2.57%	1.26%	14.65%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%