クリスのレポート
地方進出にも限界？為替レートに苦しむニトリ
Chris's Report
Is there a limit to regional expansion? Nitori struggling with exchange rates.
売上が停滞からマイナス（2024年３月期第２四半期 416,814 百万、2023年３月期第２四半期423,072百万）国内の新規出店での売上上昇予地が既にないと考えられる。また為替レートにも苦しめられており営業利益は−20％の伸びとなっており危険。
Sales have shifted from stagnation to decline (Q2 of fiscal year 2024: 416,814 million; Q2 of fiscal year 2023: 423,072 million). It's believed that there's no longer potential for sales growth from new domestic store openings. Additionally, they are struggling with exchange rates, and the operating profit growth has turned to -20%, which is concerning.
田舎への出店をしているが売上ってどうなんだろう？
Insight
They are opening stores in the countryside, but I wonder how their sales are doing?
ミナの判断
営業キャッシュフローを超えた積極的な投資を行っているが、店舗出店や改装の効果が出ておらず成長鈍化。投資先としての魅力に欠ける企業と判断する。
Mina's Judgment
They are making aggressive investments beyond their operating cash flow, but the effects of store openings and renovations are not apparent, leading to slowed growth. I judge the company to lack appeal as an investment option.
