Toshiyuki Shirai
Profile
Performance in office
Tenure
Tenure
Background
He is a career employee who joined in April 1979. He rose through the company, becoming a Director in May 2001, Managing Director in May 2004, Senior Managing Director in May 2008, and Representative Director and Executive Vice President in May 2014, reaching the presidency in his 37th year. Unlike the founding family, he had no capital backing. In the FY ended February 2015, just before he took over, the major shareholders were Nitori Shoji with 12.95%, Nitori Kogyo with 5.01% and Akio Nitori with 2.98%, and he was not among the top ten.
Selection
In February 2016 he took over the presidency from founder Akio Nitori. Nitori had been President for 38 years since May 1978 and became Representative Director and Chairman after the change. In the fiscal year ended February 2015, the year before he took over, consolidated net sales were ¥417.2 billion and operating income ¥66.3 billion, above the previous year's ¥387.6 billion and ¥63.1 billion. It was not a change prompted by weaker results but a generational handover in which the founder became Chairman and passed on execution.
Initiatives
Consolidated net sales grew from ¥458.1 billion in the FY ended February 2016, his first year, to ¥948.0 billion in the FY ended March 2023, and operating income from ¥73.0 billion to ¥140.1 billion. In 2021 the company added Shimachu as a subsidiary, broadening its range from furniture to home centers. From 2023 it changed its fiscal year-end from February to March. In the FY ended March 2025, net sales were ¥928.9 billion and operating income ¥117.7 billion, below the profit level of the FY ended March 2023.
Career
Career
Nitori Holdings Holdings
| Date | Position |
|---|---|
| Apr 1979 | Joined |
| May 2001 | Director |
| May 2004 | Managing Director |
| May 2008 | Senior Managing Director |
| May 2014 | Representative Director, Executive Vice President |
| Feb 2016 | Representative Director, President |
References 1
References (Japanese primary sources)
- ニトリ 有価証券報告書（株式会社ニトリホールディングス）【役員の状況】