• The projected operating income for Nitori is 129.60 billion yen, which is lower than the anticipated 149.26 billion yen.
• Net income estimated at 103.16 billion yen however, the forecast is only 92 billion yen.
• Sales are estimated to reach 969.71 billion yen in comparison to the slated net sales forecast of 960 billion yen.
• The anticipated dividend of 155.30 yen is greater than the actual forecast of 152 yen.
• Nitori predicts net sales at 456.10 billion yen, operating income at 56.70 billion yen and net income at 40.20 billion yen for the first half of the fiscal year.
• The results for the fourth quarter show an operating income of 29.86 billion yen, lower than the anticipated 39.22 billion yen.
• During Q4, Nitori’s net income was 17.99 billion yen, falling short of projected 26.67 billion yen.
• Net sales for Q4 were also less than estimated at 232.05 billion yen, rather than the expected 236.98 billion yen.
• In terms of market outlook, there are 5 buy recommendations, 6 holds and 1 sell for Nitori’s stocks.
Nitori Holdings on Smartkarma
Analyst coverage of Nitori Holdings on Smartkarma reveals a bullish sentiment from Michael Causton. In his report titled “Nitori: One of the Best Bets in Japan Consumer Markets,” Causton highlights Nitori’s strategic plans to triple revenue by 2032 through online growth, overseas expansion, and targeting the Asian middle class. Nitori is set to launch an online marketplace in collaboration with Mirakl, aiming to have it operational by late 2024 or early 2025. The company aims to have online sales contribute 20% of revenues by 2032, reaching a sales target of ¥3 trillion, with ambitious goals for overseas sales exceeding official targets.
A look at Nitori Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Nitori Holdings Co., Ltd. shows a promising long-term outlook. The company scored well in key areas such as Growth, Resilience, and Momentum, indicating positive prospects for its future performance. With a solid foundation in place, Nitori Holdings is positioned to capitalize on opportunities for expansion and development in the furniture retail market.
Nitori Holdings, a furniture retail chain based in Hokkaido, demonstrates a balanced performance across various factors, reflecting its strategic positioning in the industry. Offering a diverse range of furniture products, including living room, storage, dining, and office furniture, the company has established itself as a reliable player in the market. With a focus on both original brand and imported merchandise, Nitori Holdings remains flexible and competitive, paving the way for sustained growth and success in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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