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    9843   JP3756100008

NITORI HOLDINGS CO., LTD.

(9843)
  Report
Delayed Japan Exchange  -  01:00 2022-12-07 am EST
15750.00 JPY   -0.57%
10/31Nitori Holdings Co., Ltd. (TSE:9843) completed the acquisition of 9.99% stake in EDION Corporation (TSE:2730) from LIXIL Corporation (TSE:5938).
CI
10/03Japan's Shimamura posts record first half profit, holds prices steady
RE
10/02Nitori Holdings Shares Fall Sharply After First-Half Net Profit Dropped 4.5%
DJ
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Nitori Holdings Shares Fall Sharply After First-Half Net Profit Dropped 4.5%

10/02/2022 | 10:30pm EST

By Kosaku Narioka


Nitori Holdings Co. shares fell sharply Monday morning after reporting its first-half net profit dropped 4.5% due to higher costs.

The shares were recently 2.6% lower at 11,870 yen after falling as much as 5.9% earlier.

Nitori said Friday after the market's close that net profit dropped to Y51.46 billion ($355.6 million) for the six-month period ended Aug. 20 from Y53.89 billion a year earlier. Revenue increased 2.1% to Y423.07 billion.

Meanwhile, costs of sales rose 5.6% as the costs of imports climbed due to a weaker yen and higher crude-oil prices. Selling, general and administrative expenses climbed 4.3%.

Nitori also said it decided to exit the U.S. market and expand its business in Asia. It plans to add a total of 29 stores in China, Taiwan, Malaysia and Singapore in its second half.

Nitori kept its earnings guidance for the fiscal year ending March 31 2023. It expects net profit of Y104.00 billion on revenue of Y963.60 billion.

The Topix subindex for retailers was recently 2.0% lower and the Nikkei Stock Average was up 0.6%.


Write to Kosaku Narioka at kosaku.narioka@wsj.com


(END) Dow Jones Newswires

10-02-22 2229ET

Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -1.87% 78.11 Delayed Quote.6.41%
MSCI SINGAPORE (GDTR) -0.49% 5654.06 Real-time Quote.-9.50%
MSCI TAIWAN (STRD) -2.40% 530.378 Real-time Quote.-26.78%
NIKKEI 225 -0.72% 27686.4 Real-time Quote.-3.15%
NITORI HOLDINGS CO., LTD. -0.57% 15750 Delayed Quote.-8.04%
S&P GSCI CRUDE OIL INDEX -2.64% 398.7941 Real-time Quote.2.98%
TOPIX INDEX -0.10% 1948.31 Delayed Quote.-2.11%
WTI -2.24% 72.749 Delayed Quote.2.68%
All news about NITORI HOLDINGS CO., LTD.
10/31Nitori Holdings Co., Ltd. (TSE:9843) completed the acquis..
CI
10/03Japan's Shimamura posts record first half profit, holds prices steady
RE
10/02Nitori Holdings Shares Fall Sharply After First-Half Net Profit Dropped 4.5%
DJ
08/31UBS Adjusts Nitori's Price Target to 17,000 Yen From 18,500 Yen, Keeps at Buy
MT
08/18NITORI HOLDINGS CO., LTD. : Ex-dividend day for interim divide..
FA
05/26UBS Adjusts Nitori's Price Target to 18,500 Yen From 20,500 Yen, Keeps at Buy
MT
04/27Nitori Holdings Co., Ltd. (TSE:9843) entered into share t..
CI
02/17NITORI HOLDINGS CO., LTD. : Ex-dividend day for final dividend
FA
01/12Coupang Announces Partnership with Nitori as Exclusive Distributor in South Korea
CI
2021Daiwa has shaken off Japan taboo on advising hostile takeovers, CEO says
RE
More news
Analyst Recommendations on NITORI HOLDINGS CO., LTD.
More recommendations
Financials
Sales 2023 920 B 6 741 M 6 741 M
Net income 2023 87 271 M 639 M 639 M
Net cash 2023 65 240 M 478 M 478 M
P/E ratio 2023 20,4x
Yield 2023 0,92%
Capitalization 1 780 B 13 039 M 13 039 M
EV / Sales 2023 1,86x
EV / Sales 2024 1,89x
Nbr of Employees 18 984
Free-Float 71,2%
Chart NITORI HOLDINGS CO., LTD.
Duration : Period :
Nitori Holdings Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NITORI HOLDINGS CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 15 750,00 JPY
Average target price 15 258,33 JPY
Spread / Average Target -3,12%
EPS Revisions
Managers and Directors
Akio Nitori Chairman & Chief Executive Officer
Toshiyuki Shirai Managing Director
Masaomi Yoshiharu Executive Officer, GM-Accounting & Finance
Sadayuki Sakakibara Independent Outside Director
Naoko Yoshizawa Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
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