Nitori HD Interim results show record high profit "Nesting demand" increases sales October 2, 20:26

Nitori Holdings, which sells furniture and daily necessities, had a final profit of 49.7 billion yen for the six months to August, the highest ever for an interim settlement.

Since the spread of the new coronavirus infection, sales have increased due to the so-called "needing demand" of people who spend their time at home.

According to the announcement, sales for the six months to August were 362.4 billion yen, an increase of more than 12% from the same period last year.



The final profit increased by more than 35% to 49.7 billion yen, the highest ever for the interim results.



Kitchen utensils were strong due to the so-called “needing demand” spent at home due to the spread of the new coronavirus infection, and sales of furniture such as desks and chairs used for working from home also increased.



The final profit for the year to February next year is expected to be 85.3 billion yen, which is more than 19% higher than the previous year.



While many companies are suffering from severe business performance due to the influence of the new coronavirus, in addition to Nitori, companies that are improving their business performance are conspicuous at home centers that handle daily necessities, and the contrast is clear.

At the press conference, Chairman Akio Nitori said, "The good industry and the negative industry have been clearly separated. The city center is still sluggish, but we expect to return next year, and we would like to proceed with store renovations by now." It was.