Building the Foundation for the Global Stage

「また、海外のニトリ店舗においては小型店モデルの展開を推進しており、各国・地域の市場環境や商圏特性に応じた店舗フォーマットの開発・出店に取り組んでおります。」

「As a result of these initiatives, the overseas business is planned to enter a renewed expansion phase from the fiscal year ending March 2027, with the aim of opening 100 stores overseas annually at an early stage.」

「Overseas subtotal 213 14 29 198」

「During the consolidated fiscal year, the group opened a total of 54 stores: 8 in Taiwan, 23 in mainland China, 2 in Hong Kong, 3 in South Korea, 1 in Malaysia, 2 in Singapore, 5 in Thailand, 2 in Vietnam, 4 in the Philippines, 3 in Indonesia and 1 in India. The Philippines, Indonesia and India were new countries of entry.」

「During the interim consolidated accounting period, the group opened 4 stores in Taiwan, 14 in mainland China, 3 in South Korea, 2 in Singapore, 1 in Vietnam, 2 in the Philippines and 1 in Indonesia. This marked its first entry into Indonesia. The simultaneous opening of NITORI China Town Point in Singapore and NITORI Shenzhen Sakata Vanke Plaza in mainland China on 26 September 2024 brought the number of overseas stores operated by the group to 200.」

「Following Malaysia, Singapore, Thailand, Vietnam, Hong Kong and South Korea, the group plans to open stores in the Philippines, Indonesia and India from 2024 onward, expanding its business across Asian countries and regions where the middle-income population is growing rapidly along with economic growth.」

「Overseas, during the nine-month consolidated accounting period, the group made successive first entries into 4 countries and regions: Thailand, Hong Kong, South Korea and Vietnam. It also opened 8 stores in Taiwan, 26 in mainland China and 3 in Malaysia, accelerating store openings in Asia.」

「During the six-month consolidated accounting period, the group made its first entries into Thailand and Hong Kong. It also opened 5 stores in Taiwan, 13 in mainland China and 1 in Malaysia, accelerating store openings in Asia. Under its corporate philosophy of “providing the world's people with the richness of living,” it will continue to actively expand its store network, including in countries and regions where it has not yet opened stores.」

「During the first-quarter consolidated accounting period, the group opened 3 stores in Taiwan, 5 in mainland China and 1 in Malaysia. Under its corporate philosophy of “providing the world's people with the richness of living,” it will continue to actively expand its store network, including in countries and regions where it has not yet opened stores.」

「Overseas operations remained challenging in mainland China, where as many as 32 stores were temporarily closed owing to the impact of renewed outbreaks of infectious disease and lockdowns. However, all stores resumed operations in June, and the group accelerated store openings, including its first entry into Beijing. In Southeast Asia, following its first stores in Malaysia in January and Singapore in March, the group opened its second and third stores in Malaysia and continued to expand its store network steadily.」

「In Southeast Asia, following the opening of the region's first store in Kuala Lumpur, Malaysia, in January, the group made its first entry into Singapore in March and opened its second store in Malaysia in August.」

「In Southeast Asia, following the opening of the region's first store in Kuala Lumpur, Malaysia, in January 2022, the group made its first entry into Singapore in March 2022. Sales at both stores have been progressing steadily.」

「In January 2022, the group entered Southeast Asia by opening a store in Kuala Lumpur, Malaysia. It will continue to accelerate store openings in Singapore and other Southeast Asian markets.」

「During the nine-month consolidated accounting period, the group opened a total of 15 new stores in China and Taiwan. In October 2021, as a new initiative, it opened the group's first specialist bedding store in Taichung, Taiwan. It also opened a custom furniture area and business showroom above the Shanghai Xujiahui store to meet housing and office needs in China.」

「During the nine-month period, the group opened 4 additional stores. Outside its physical stores, it also brought the JD e-commerce website, which it entered in the previous fiscal year, into full operation and began operating a store on T-mall, the e-commerce website of a major Chinese e-commerce operator, which opened in May 2021. The group is actively expanding its business while paying close attention to the spread of infectious diseases.」

「Overseas sales increased significantly, owing to growth on an existing-store basis, the launch of new businesses including a store on the JD e-commerce website in China, and new stores exceeding sales plans.」

「To build the foundation of its China business, the group focused on remodeling existing stores, an initiative begun in the previous fiscal year. At the Shanghai Xujiahui store, designated as a flagship store, it undertook initiatives including recreating Japan's most advanced store formats to refresh the Nitori image. At the Shanghai Qibao store, designated as a standard store in China, it worked to establish standard operating and sales-floor formats. As a result, sales increased significantly after the remodels. Using these stores as model stores for generating profits, the group opened two additional stores, Shanghai Nanxiang Impression City and Zhuhai Youtai Plaza, during the third-quarter consolidated accounting period.」

「To continue providing people around the world with better homes, the group will promote standardization with its group sales companies in each country and pursue economies of scale.」

「Overseas, the group has evolved the Global Business Strengthening Project into the Global Sales Business Promotion Office and will vigorously promote the global rollout of know-how developed in Japan, including systems, processes and human-resource training.」

「NITORI FURNITURE Ba Ria-Vung Tau Co., Ltd.　Socialist Republic of Vietnam　Ba Ria-Vung Tau Province　New fabric factory　Site area: 96,493㎡　6,400　491　July 2019　August 2020」

「To provide customers with more affordable products of consistent quality, the Company decided to launch a fabric business at its Ba Ria-Vung Tau plant in Vietnam, with weaving, dyeing and sewing operations. By expanding the supply chain upstream to raw materials, it will build a more competitive and stable product supply structure.」

「Overseas, the group launched the Global Business Strengthening Project to accelerate the pace of business expansion, and will vigorously advance the development of systems, processes and human resources, as well as organizational reform.」

「Operations at Taicang DC, the group's largest distribution center, began in China in October. Through this initiative, the group aims to strengthen its global product supply centers and further improve and stabilize logistics efficiency.」

「The group is also expanding production at its own factories in Vietnam and Thailand and establishing a system for the stable supply of more competitive products.」

「The main initiatives included designating “globalization and expansion of business domains” as the theme for the 10-year period from 2013 to 2022. As strategies leading to this goal, the group worked from 2018 to 2020 to “accelerate overseas store openings and establish a growth trajectory,” and from 2021 to 2022 to “rebuild the management foundation for establishing a global chain.”」

「To prepare for accelerated store openings and business expansion, the group obtained import and export licenses and established a direct-import system, reducing import costs. It is also proceeding with the establishment of logistics centers in northern and southern China.」

「Although the group's domestic management foundation is being established, its overseas management foundation cannot yet be considered solid. Accordingly, the three-year period toward the realization of the medium- to long-term vision is positioned as “three years of building the foundation for the global stage,” and the group will take on this challenge by making targeted investments in management resources.」

「Although the group's domestic management foundation is being established, its overseas management foundation cannot yet be considered solid. Accordingly, the three-year period toward the realization of the medium- to long-term vision is positioned as “three years of building the foundation for the global stage,” and the group will take on this challenge by making targeted investments in management resources.」

「Although the group's domestic management foundation is being established, its overseas management foundation cannot yet be considered solid. Accordingly, the three-year period toward the realization of the medium- to long-term vision is positioned as “three years of building the foundation for the global stage,” and the group will take on this challenge by making targeted investments in management resources.」

「The three-year period toward the realization of the medium- to long-term vision is positioned as “three years of building the foundation for the global stage,” and the group will take on this challenge by making targeted investments in management resources.」

「The three-year period toward the realization of the medium- to long-term vision is positioned as “three years of building the foundation for the global stage,” and the group will take on this challenge by making targeted investments in management resources.」