9843
Nitori Holdings Co., Ltd.
株式会社ニトリホールディングス
Retail Trade
Nitori Holdings Co., Ltd. engages in sales furniture and interior products in Japan. It is involved in the advertising and public relations support; logistics; and other activities. The company engages in insurance agency and clothing related, as well as information system and digital base businesses. Nitori Holdings Co., Ltd. was founded in 1967 and is headquartered in Tokyo, Japan.
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⚠ TSE Capital Mandate
P / Book
0.31×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥928.8B
¥895.8B
¥948.1B
¥811.6B
Cost of Sales
¥454.9B
¥439.9B
¥470.0B
¥385.7B
Gross Profit
¥473.9B
¥455.9B
¥478.1B
¥425.9B
SG&A
¥348.6B
¥328.2B
¥338.0B
¥287.6B
Operating Income
¥117.7B
¥127.7B
¥140.1B
¥138.3B
Non-Operating Income
¥3.0B
¥5.3B
¥4.8B
¥4.4B
Dividend Income
—
¥521M
¥275M
¥58M
Interest Income
—
¥1.3B
¥638M
¥459M
Non-Operating Expenses
¥3.2B
¥697M
¥751M
¥840M
Interest Expense
¥3.2B
¥521M
¥401M
¥387M
Ordinary Income
—
¥132.4B
¥144.1B
¥141.8B
Pre-tax Income
¥117.4B
¥123.9B
¥138.9B
¥141.8B
Income Taxes
—
¥37.4B
¥43.8B
¥45.1B
Current Tax
—
¥39.3B
¥47.5B
¥43.6B
Deferred Tax
—
¥-1.9B
¥-3.7B
¥1.4B
Net Income (owners)
¥82.5B
¥86.5B
¥95.1B
¥96.7B
Minority Interest
¥2M
—
—
—
Comprehensive Income
¥81.9B
¥94.9B
¥99.9B
¥105.0B
EBITDA
¥183.8B
¥157.4B
¥169.0B
¥164.6B
Goodwill Amort. (J-GAAP)
—
¥2.6B
¥2.8B
¥2.6B
EPS
¥680.38
¥765.62
¥841.90
¥856.71
Shares Outstanding
113.4M
113.4M
113.4M
113.1M
Shares Issued (total)
114.4M
114.4M
114.4M
114.4M
Treasury Shares
1.0M
1.0M
1.0M
1.3M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥1,529.4B
¥1,238.7B
¥1,133.8B
¥983.8B
Current Assets
¥364.7B
¥347.7B
¥330.4B
¥278.4B
Cash & Deposits
¥136.0B
¥137.9B
¥131.9B
¥130.4B
Non-Current Assets
¥1,164.7B
¥890.9B
¥803.4B
¥705.5B
PP&E
¥905.1B
¥736.9B
¥649.5B
¥560.5B
Goodwill
—
¥17.1B
¥19.6B
¥22.4B
Intangible Assets
¥9.3B
¥31.2B
¥33.0B
¥38.1B
Investment Securities
—
¥42.4B
¥39.1B
¥26.6B
Deferred Tax Assets
¥48.9B
¥21.5B
¥21.8B
¥17.5B
Total Liabilities
¥623.7B
¥342.4B
¥315.7B
¥251.0B
Current Liabilities
¥353.7B
¥276.3B
¥221.8B
¥163.2B
Accounts Payable
—
¥48.3B
¥38.5B
¥39.8B
ST Debt
¥173.1B
¥107.6B
¥83.1B
¥35.1B
Taxes Payable
—
¥20.4B
¥28.4B
¥20.3B
Non-Current Liabilities
¥270.0B
¥66.0B
¥93.9B
¥87.8B
Total LT Borrowings
¥20.0B
¥30.0B
¥57.3B
¥50.4B
Pension Obligations
—
¥5.6B
¥5.9B
¥5.7B
Deferred Tax Liab.
¥86M
—
—
—
Total Equity
¥905.7B
¥896.3B
¥818.1B
¥732.8B
Capital Stock
—
¥13.4B
¥13.4B
¥13.4B
Capital Surplus
¥30.7B
¥30.7B
¥30.7B
¥26.8B
Retained Earnings
¥861.6B
¥841.5B
¥771.7B
¥692.8B
Treasury Stock
¥-10.1B
¥-10.1B
¥-10.1B
¥-7.8B
AOCI
¥10.1B
¥20.8B
¥12.4B
¥7.6B
Equity (owners)
¥905.7B
¥875.5B
¥805.7B
¥725.2B
Minority Interests
¥6M
¥4M
—
—
Total Interest-Bearing Debt ⓘ
¥193.1B
¥137.6B
¥140.4B
¥85.5B
Net Cash ⓘ
¥-57.1B
¥386M
¥-8.5B
¥45.0B
NCAV ⓘ
¥-259.0B
¥5.4B
¥14.7B
¥27.3B
NCAV/Share
¥-2,284
¥47
¥129
¥242
BV/Share
¥7,987
¥7,721
¥7,105
¥6,412
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥144.4B
¥143.6B
¥91.4B
¥85.6B
Interest Paid
—
¥-524M
¥-417M
¥-403M
Interest Received
—
¥3.2B
¥1.7B
¥1.4B
D&A
¥66.1B
¥27.1B
¥26.2B
¥23.8B
Goodwill Amort.
—
¥2.6B
¥2.8B
¥2.6B
Investing CF
¥-127.9B
¥-131.8B
¥-132.5B
¥-120.0B
CapEx
—
¥118.7B
¥113.9B
¥101.5B
Financing CF
¥1.3B
¥-20.6B
¥36.9B
¥17.7B
Dividends Paid
—
¥-16.7B
¥-16.1B
¥-15.4B
Share Buybacks
—
¥-2M
¥-2M
¥-9M
LT Debt Repaid
—
¥-43.1B
¥-35.1B
¥-18.5B
Free Cash Flow
¥144.4B
¥24.9B
¥-22.5B
¥-16.0B
Net Change in Cash
¥18.0B
¥-7.8B
¥-2.0B
¥-13.7B
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
8.3%
10.1%
12.3%
14.1%
ROA
6.0%
7.3%
9.0%
9.8%
EPS
¥680.38
¥765.62
¥841.90
¥856.71
DPS
¥152.00
¥147.00
¥146.00
¥140.00
BPS
¥8,542.07
¥7,931.07
¥7,239.04
¥6,489.57
FCF/Share
¥1,273
¥220
¥-199
¥-141
NCAV/Share
¥-2,284
¥47
¥129
¥242
Payout Ratio
22.3%
19.2%
17.3%
16.3%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 15
Date Activist Stake Event Flag Demands Source
2026-04-22
Capital Research and Management Company
5.01%
initial_5pct
Passive
—
2026-04-21
Nomura Asset Management Co., Ltd.
6.73%
+0.33%
change
Passive
—
2026-03-06
Akio Nitori
23.84%
change
Passive
—
2026-03-06
Akio Nitori
23.84%
change
Passive
—
2026-03-06
Akio Nitori
21.5%
-2.34%
change
Passive
—
2025-12-18
Massachusetts Financial Services Company
5.48%
initial_5pct
Passive
—
2025-11-20
Sumitomo Mitsui Trust Bank,Limited
6.3%
-1.19%
change
Passive
—
2025-09-19
Sumitomo Mitsui Trust Bank,Limited
7.49%
+0.62%
change
Passive
—
2024-08-05
Nomura Asset Management Co., Ltd.
6.4%
initial_5pct
Passive
—
2024-05-08
Sumitomo Mitsui Trust Bank,Limited
6.87%
+0.53%
change
Passive
—
2024-04-22
Nomura Securities Co.,Ltd.
6.4%
+0.34%
change
Passive
—
2023-12-06
Sumitomo Mitsui Trust Bank,Limited
6.34%
-0.3%
change
Passive
—
2023-10-19
Sumitomo Mitsui Trust Bank,Limited
6.64%
change
Passive
—
2023-10-06
Nomura Securities Co.,Ltd.
6.06%
initial_5pct
Passive
—
2023-10-04
BlackRock Japan Co., Ltd.
5.09%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 7
#
Shareholder
Shares (thou.)
% of Total
1
株式会社ニトリ商事
20,799
18.34%
2
日本マスタートラスト 信託銀行株式会社(信託口)
20,219
17.83%
3
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
8,745
7.71%
4
公益財団法人似鳥国際奨学財団
5,000
4.41%
5
North Pacific Bank,Ltd.
株式会社北洋銀行
3,860
3.40%
6
似鳥昭雄
3,410
3.01%
7
全国共済農業協同組合連合会
2,561
2.26%
8
似鳥百百代
2,078
1.83%
9
Nippon Life Insurance
日本生命保険相互会社
2,056
1.81%
10
State Street Bank and Trust Company
STATE STREET BANK WEST CLIENT ‐ TREATY 505234 (常任代理人 株式会社みずほ銀行決済営業部)
1,623
1.43%
Domestic Nominees
7.7%
-15.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.4%
-0.6% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
52.9%
+18.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
式会社ニトリ商事
18.34%
18.34%
18.34%
日本マスタートラスト 信託銀行
NEW ENTRY
—
—
—
17.83%
NEW
Japan Custody Bank
日本カストディ銀行
5.81%
7.62%
7.71%
+0.09%
公益財団法人似鳥国際奨学財団
3.53%
3.53%
4.41%
+0.88%
North Pacific Bank,Ltd.
式会社北洋銀行
3.40%
3.40%
3.40%
似鳥昭雄
3.01%
3.01%
3.01%
全国共済農業協同組合連合会
2.13%
2.13%
2.26%
+0.13%
似鳥百百代
2.71%
2.71%
1.83%
-0.88%
Nippon Life Insurance
日本生命保険
1.81%
1.81%
1.81%
State Street
NEW ENTRY
—
—
—
1.43%
NEW
Japan Master Trust Bank
日本マスタートラスト信託銀行
last seen 2024
Exited Top 10
13.68%
15.67%
—
JP Morgan
last seen 2024
Exited Top 10
—
2.07%
—
STATE STREER BANK WEST CLIENT - TREATY
last seen 2023
Exited Top 10
1.63%
—
—
Concentration (HHI)
ⓘ
608
692
768
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥22,637M
+46% since 2023
Holdings
7
+1 new
1 exited
Trend
1 building
vs 2023
Held Company
FY2025
¥22,637M total
FY2023
¥15,519M total
Book Val ¥M
Shares
Book Val ¥M
Shares
EDION Corporation
㈱エディオン
19,183
10,225,700
13,109
10,225,700
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
2,147
384,000
1,145
384,000
M
AIN HOLDINGS INC.
㈱アインホールディングス
1,007
200,000
1,110
200,000
North Pacific Bank,Ltd.
㈱北洋銀行
196
380,500
105
380,500
M
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
48
24,100
20
24,100
M
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ
35
NEW
New
9,536
—
M
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
21
+200.0%
↑
5,580
9
1,860
M
三井住友トラスト・ホールディングス㈱
—
−100%
Exit
—
21
4,768
M
Portfolio total
22,637
15,519
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding