Nitori plans 143 stores: analysts target Nitori stock at JPY 3,179.10

Published on 10/20/2026 at 02:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 revenue fell 2.30 percent to JPY 226.26 billion. The average target for Nitori stock is JPY 3,179.10 before November 13 results.

Store expansion and earnings context

Nitori planned 143 additional stores for fiscal 2026 on October 12, 2026.
First-quarter revenue fell 2.30 percent to JPY 226.26 billion on August 7, 2026.
Fiscal 2027 revenue guidance was JPY 957.0 billion on May 14, 2026.

Nitori, JP3756100008, Illustration mit AI erstellt.

Nitori Holdings plans to add 143 stores in fiscal 2026, while analysts tracked by Investing.com put the average target for Nitori stock at JPY 3,179.10, according to a review dated October 12, 2026. The expansion plan comes as the retailer prepares for its next reported results.

Expansion meets softer demand

According to MarketScreener on October 12, 2026, Nitori operated 1,084 stores across Japan and several overseas markets at the end of its first quarter. The company plans 143 additional locations, making store productivity a central test for the expansion strategy.

The same analysis reported first-quarter revenue of JPY 226.3 billion, down 2.3 percent year over year, while operating profit declined 1.1 percent to JPY 36.5 billion. Net profit attributable to shareholders fell 1.5 percent to JPY 25.8 billion. Cost reductions and improved gross margins partly offset higher personnel expenses.

What does the outlook mean?

JPX Market Explorer reported on May 14, 2026 that Nitori guided to revenue of JPY 957,000 million for the fiscal year ending March 31, 2027. The guidance also included operating profit of JPY 130,300 million and profit of JPY 91,000 million.

The chronology is clear. On May 14, 2026, Nitori issued its JPY 957,000 million full-year revenue outlook. On August 7, 2026, it reported first-quarter revenue of JPY 226.26 billion. On October 12, 2026, the store plan added 143 locations to the operating narrative.

November results set the next test

Investing.com lists November 13, 2026 as the next earnings date and reports an average 12-month target of JPY 3,179.10. That target sits below the Tokyo quote of JPY 3,312, leaving execution and demand as the key issues for the next update.

The last available Tokyo quote was JPY 3,312 on October 20, 2026 at 9:17 a.m. JST, with the Tokyo Stock Exchange session open. Nitori Holdings had a market capitalization of JPY 1.9 trillion on October 20, 2026, while its 52-week range was JPY 2,216.50 to JPY 3,493.00.