Sales are strong due to Nitori’s ”Nesting Demand” 9-month financial results record high
Nitori Holdings Co., Ltd., a major furniture and daily necessities company, announced on the 25th that its nine-month financial results up to November showed a record profit of 76.7 billion yen due to sales growth due to so-called ”needing demand”. It was the highest profit
Nitori Holdings’ company-wide financial results for the nine months to November showed sales of 540.1 billion yen, up 12% from the same period last year, and final profit of 76.7 billion yen, up 33%. Both final profits reached record highs for 9 months.
Due to the spread of the new coronavirus infection, sales of products related to ”needing demand” such as storage furniture and kitchen utensils continue to be strong.
Nitori has found that some products such as diatomaceous earth bath mats may contain asbestos that exceeds the standard, and has decided to proceed with collection and replacement, and will record the cost in the future.
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