Nitori's first-half profit rises 6.8% on cost cuts, even as revenue growth barely keeps pace with inflation
Nitori Holdings grew first-half net profit 6.8% on lower logistics and advertising costs, but revenue rose just 0.8% -- a nominal gain that lagged consumer-price inflation over the same months, even as the chain kept opening stores across Japan.
Nitori Holdings Co., Ltd. (株式会社ニトリホールディングス), Japan's largest home-furnishings retailer, reported revenue of ¥442.8bn for the six months to September 30, 2026, up 0.8% year on year, with operating profit up 5.7% to ¥63.2bn and net profit up 6.8% to ¥44.6bn, according to the company's IFRS results. Lower logistics and advertising costs did most of the work: profit grew considerably faster than the top line.