Nitori Holdings (9843) Q3 2026 earnings summary

Executive summary

• Revenue for Q1–Q3 FY2025 was ¥688.5 billion, a 2.5% decrease year-over-year; operating profit fell 3.3% to ¥104.4 billion, and profit attributable to owners declined 2.3% to ¥74.3 billion.

• Comprehensive income increased to ¥86.4 billion, up from ¥79.3 billion year-over-year.

Financial highlights

• Gross profit margin improved to 53.4% from 51.2% year-over-year, with gross profit rising to ¥367.8 billion.

• SG&A expenses increased 3.9% year-over-year, with notable rises in personnel, depreciation, and advertising costs, totaling ¥265.2 billion.

• Cash and cash equivalents rose by ¥32.1 billion since March 2025; total assets increased to ¥1,579.5 billion.

• Equity ratio stood at 61.6% as of December 2025, with equity attributable to owners at ¥973.4 billion.

• Basic and diluted earnings per share were ¥131.57, reflecting a five-for-one stock split.

Outlook and guidance

• FY2025 revenue forecast is ¥988.0 billion, up 6.4% year-over-year; operating profit expected to rise 15.4% to ¥135.8 billion.

• Profit attributable to owners projected at ¥94.0 billion, a 13.9% increase year-over-year.

• Forecasted basic earnings per share for the full year is ¥166.35, reflecting the stock split.

• No changes announced to the financial plan or accounting policies.