Nitori Holdings (9843) Q2 2026 earnings summary

Executive summary

• Revenue for 1H FY2025 was ¥439.1 billion, down 1.8% year-over-year; operating profit fell 6.9% to ¥59.8 billion, and net profit attributable to owners declined 8.1% to ¥41.7 billion.

• A five-for-one stock split was implemented effective October 1, 2025; EPS figures reflect this adjustment.

Financial highlights

• Gross profit margin improved to 53.1% from 51.1% year-over-year, despite lower sales.

• Free cash flow rose to ¥57.9 billion, up from ¥27.2 billion in the prior year.

• Cash and cash equivalents at period end were ¥143.5 billion, up ¥35.8 billion from the previous year.

• Basic and diluted EPS for the period were ¥73.87, down from ¥80.36 in the prior year.

• Total assets as of September 30, 2025, were ¥1,513,987 million, with total equity at ¥940,445 million.

Outlook and guidance

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

• Profit attributable to owners of parent is forecast at ¥94,000 million, up 13.9%.

• Forecasted basic EPS for the full year is ¥166.35, reflecting the stock split.

• No changes have been made to the financial plan for FY2025.