In today’s briefing:
- Nitori’s Biggest Challenge, the Succession Plan, Is an Even Bigger Risk
Nitori’s Biggest Challenge, the Succession Plan, Is an Even Bigger Risk
- Nitori attributed the missed profit guidance to foreign currency forward contract approach changes a few years ago, which resulted in missed foreign currency projections.
- Since Nitori changed its FX forward approach several years ago for a reason, it’s concerned about the impact on Nitori’s business if it were to return to its original approach.
- The approach of relying on the market views of Mr. Nitori is not sustainable. The biggest challenge, the Succession problem, adds to the risk of finding a market genius.
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