Nitori Holdings (9843) Q4 2026 earnings summary

Executive summary

• Revenue for FY2025 was ¥912.2 billion, down 1.8% year-over-year, while operating profit rose 6.7% to ¥125.5 billion and profit attributable to owners increased 8.1% to ¥89.2 billion.

• Comprehensive income surged to ¥103,918 million from ¥81,933 million the previous year.

• Gross profit margin improved to 53.2% from 51.0% year-over-year, reflecting cost reductions and favorable FX impacts.

• A five-for-one stock split was implemented on October 1, 2025.

Financial highlights

• Operating profit margin increased to 13.8% from 12.7% year-over-year.

• Gross profit increased to ¥485,413 million from ¥473,923 million year-over-year.

• Basic and diluted EPS were ¥157.98, up from ¥146.08 year-over-year.

• Free cash flow surged to ¥93.8 billion from ¥16.5 billion in the prior year.

• Cash and cash equivalents at year-end were ¥145.0 billion, up ¥9.0 billion year-over-year.

Outlook and guidance

• FY2026 revenue is forecast at ¥957.0 billion, up 4.9% year-over-year, with operating income expected to reach ¥130.3 billion.

• Profit attributable to owners of parent is forecast at ¥91,000 million, up 1.9% year-over-year.

• Basic earnings per share forecast is ¥161.05 for the next fiscal year.

• Existing store sales (NITORI + DECOHOME + EC) projected to grow 2.0% year-over-year.

• Planned investment of ¥59 billion and an internal FX rate of 155 yen to the dollar.