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Nitori Holdings Co., Ltd. 9843.T

JP · Tokyo Stock Exchange · XTKS · stock · Consumer Cyclical · website

Nitori Holdings Co., Ltd. statistics & valuation

Market cap¥1.69T
P / E18.9×
P / S1.8×
P / B1.7×
P / FCF16.1×
Net margin9.8%
FCF margin11.5%
Net debt¥15.0B
Enterprise value USD$10.7B
Earnings yield EBIT/EV7.1%
Return on capital9.7%
Graham number -16.4%¥2,493.71

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (¥2,493.71); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.90% 10.10% 8.90% 9.80% 2022202420252026
Gross margin (%)
52.50% 51.00% 51.00% 53.20% 2022202420252026
Operating margin (%)
17.00% 13.60% 12.30% 13.30% 2022202420252026
Return on equity (%)
13.20% 10.70% 9.10% 9.00% 2022202420252026
Shares outstanding
565.1M 565.1M 565.1M 565.1M 2022202420252026
Net debt (¥)
-¥37.70B ¥19.58B ¥57.14B ¥14.99B 2022202420252026
Share buybacks (¥)
¥9.0M ¥2.0M ¥5.0M ¥2.0M 2022202420252026
Return on assets (%)
9.80% 6.40% 5.40% 5.70% 2022202420252026
Free cash flow margin (%)
-2.20% 6.00% 2.10% 11.50% 2022202420252026
Debt / equity (×)
0.13× 0.16× 0.21× 0.16× 2022202420252026
EPS (¥)
¥171.34 ¥159.56 ¥146.08 ¥157.98 2022202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Nitori Holdings Co., Ltd. trades at about 18.9× earnings — below its 10-year norm (10-year range 14×–26.6×, median 23.4×).

14× 26.6×

Shaded band = 10-year range (14×–26.6×); dot = today's 18.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2022
Gross margin53.2%51.0%51.0%52.5%
Operating margin13.3%12.3%13.6%17.0%
Net margin9.8%8.9%10.1%11.9%
FCF margin11.5%2.1%6.0%-2.2%
Return on assets5.7%5.4%6.4%9.8%
Return on equity9.0%9.1%10.7%13.2%
Debt / equity0.01×0.02×0.04×0.07×
Current ratio1.231.031.101.71

Computed from company filings · JP · as of 2026-03-31. Figures in JPY. Facts plus Stocktoria's own computed scores — not investment advice.