Nitori Holdings ranks 3rd in 'rising buy forecasts' on Minkabu individual investor survey
As of 2:00 p.m. on the 3rd, Nitori Holdings Co., Ltd. <9843> ranked third in the rising buy forecasts category of Minkabu's Retail Investor Forecasts (Latest 48 Hours).
Nitori released its August domestic sales report after market close on the 2nd, showing same-store sales up 4.4% year-on-year - marking a second straight month of growth. Sales of dining and living room furniture, home appliances, lighting, and bedding performed strongly, supported by a summer appreciation sale, monthly themed events, and TV advertising. Total sales rose 7.1% year-on-year.
Following the strong sales report, Nitori shares gained momentum from the opening, rebounding sharply for the first time in four sessions. The stock also ranked among the top gainers in Tokyo trading, driving the rise in buy forecasts.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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