Nitori Holdings CoTSE:9843 +1.16%87 Operating Margin % is 8.95% as of Mar. 2026, which is 46% below its 10-year median of 16.45. GuruFocus rates TSE:9843 with a GF Score™ of 87/100 and a GF Value™ of 円3,558.50 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 433 Furnishings, Fixtures & Appliances companies, Nitori Holdings Co ranks better than 87.3% on this metric.
Nitori Holdings Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -7.4%.
The historical rank and industry rank for Nitori Holdings Co's Operating Margin % or its related term are showing as below:
TSE:9843'
s Operating Margin % Range Over the Past 10 Years
Min: 12.32 Med: 16.45 Max: 19.21
Current: 13.29
TSE:9843's Operating Margin % is ranked better than 87.3% of 433
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.79
vs TSE:9843: 13.29
Nitori Holdings Co's 5-Year Average Operating Margin % Growth Rate was -7.40% per year.
Nitori Holdings Co (TSE:9843) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Nitori Holdings Co Operating Margin % Related Terms
Nitori Holdings Co Operating Margin % Historical Data
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The historical data trend for Nitori Holdings Co's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSE:9843 vs SN, SGI, MHK: Operating Margin % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Nitori Holdings Co's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nitori Holdings Co Operating Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nitori Holdings Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Nitori Holdings Co's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Nitori Holdings Co's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nitori Holdings Co (TSE:9843) has a Operating Margin % of 8.95% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Nitori Holdings Co and its competitors. This is 46% below median its historical median of 16.45. Over the past decade, Nitori Holdings Co's Operating Margin % has ranged from 12.32 to 19.21. According to the industry distribution chart, Nitori Holdings Co ranks #55 out of 433 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 12.7%.
Is Nitori Holdings Co's Operating Margin % too high?
Nitori Holdings Co's current Operating Margin % of 8.95% is 46% below median its 10-year median of 16.45. Over the past 10 years, this metric has ranged from a low of 12.32 to a high of 19.21. The Furnishings, Fixtures & Appliances industry median Operating Margin % is 3.79. Nitori Holdings Co's value of 8.95% is 136.1% above this industry median. Based on the distribution chart, Nitori Holdings Co ranks #55 out of 433 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Nitori Holdings Co has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nitori Holdings Co's Operating Margin % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Nitori Holdings Co ranks #55 out of 433 companies for Operating Margin %. This places Nitori Holdings Co in the top 13% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.79. Nitori Holdings Co's value of 8.95% is 136.1% above this benchmark. Historically, Nitori Holdings Co's own Operating Margin % has ranged from 12.32 to 19.21 over the past decade. While the company's 10-year median is 16.45 vs. the industry median of 3.79, Nitori Holdings Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Furnishings, Fixtures & Appliances company?
The median Operating Margin % among Furnishings, Fixtures & Appliances companies is 3.79, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nitori Holdings Co's current Operating Margin % of 8.95% is 136.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Nitori Holdings Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Operating Margin % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitori Holdings Co's current Operating Margin % is 8.95%, which is 46% below median its own 10-year median of 16.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitori Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nitori Holdings Co (TSE:9843) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,558.50, compared to a current price of 円2,397.00 — trading 32.6% below its estimated fair value. The current Operating Margin % is 8.95%, which is 46% below median its 10-year median of 16.45 and 136.1% above the Furnishings, Fixtures & Appliances industry median of 3.79. Nitori Holdings Co's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Nitori Holdings Co (TSE:9843), the current Operating Margin % is 8.95% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nitori Holdings Co (TSE:9843) Overvalued in 2026?
Based on GuruFocus' analysis, Nitori Holdings Co stock appears to be undervalued.
The current stock price of 円2,397.00 is trading 32.6% below its estimated GF Value™ of 円3,558.50.
GuruFocus considers Nitori Holdings Co to be Significantly Undervalued.
Key valuation signals for TSE:9843:
Operating Margin %: 8.95% (46% below median its 10-year median of 16.45)
GF Value™: 円3,558.50 vs. price of 円2,397.00 (32.6% below fair value)
Industry Position: 136.1% above the Furnishings, Fixtures & Appliances median (#55 of 433)
No single metric tells the full story. See the TSE:9843 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitori Holdings Co Ltd is a Japan-based company engaged in the sale of furniture and interior goods. The company operates through two business segments. The Nitori Business segment is involved in the development, manufacturing, and sale of furniture and interior goods, along with activities such as real estate leasing, advertising, and logistics services. The Shimachu Business segment focuses on the sale of furniture, interior goods, and home center products. It generates the majority of its revenue from the Nitori Business segment.
87GF Score
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