NITORI Group’s Mission Statement & Vision

Enriching homes of people
all over the world
New Phase, New Growth.

Vision 2032

3,000 stores Net Sales ¥3 trillion

NITORI Group’s Aspiration
The mission to “enrich homes of people all over theworld”, is what lies at the root of all actions of each andevery employee of NITORI Group. Moreover, ouractivities are guided by our commitment to do our utmost
to achieve the long-term vision by gathering the strengthof our employees.
With the mission as our root of all business activities, wewill achieve the vision, and will share a diverse range ofenrichment with our customers and all other stakeholders.

0102Introduction

01 NITORI Group’s Mission Statement & Vision
Top Message

03 Message fromthe Chairperson
05 Message fromthe President
10Current status ofNITORI GroupHighlight
11131520

Overseas Strategy
NITORI Group’s Human Capital
Human Capital of NITORI Group
Discussion: Human Resource Development, the Key to Realizing NITORIGroup’s Mission
NITORI Group’s Financial Strategy

Value Creation of NITORI Group
2325272931

NITORI Group’s History
Value Creation Model of NITORI GroupNITORI Group’s Strength (Business Model)
NITORI Group’s SustainabilityNITORI Group’s Evolution towards Value Creation

Sustainability
4345

Materiality Issues and Sustainability Strategy

4748
4951
53
54
56

Reduce waste and expand recycling

5759
61
6367

NITORI Group’s Environmentally Friendly Manufacturing and Initiatives
Nitori’s ecology
Sustainable Procurement
Response to Climate Change Issues

09

We have issued the 2023 Integrated
Report to aid investors, shareholders, andother stakeholders’ understanding of ourprocesses and potential for achieving along-term, sustainable enhancement ofour corporate value. In planning andstructuring this Integrated Report, we havefocused on communicating “expansion ofour long-term sustainable growth andcontribution to environmental, social, andeconomic sustainability,” while also
referring to the disclosure frameworkprovided by the International Integrated
Reporting Council (IIRC).

Target Scope
We set as many domestic and foreign
NITORI Group companies subject toconsolidated ﬁnancial statements as
possible as the target of our reporting.
However, depending on the item, thereporting target may differ.

Target Period
February 21, 2022 to March 31, 2023
In this report, the fiscal year ended March31, 2023, is referred to as fiscal 2022 or
FY2022.
The Activity Report also includes somerecent content.

The significance of this report
WEBCompany Information(Corporate governance, internal controls,compliance, etc.)

BookletIntegrated ReportWEB
Sustainability
Information(Initiatives for key issues)

WEB
IR Information(Strategies, financialresults information, etc.)

Promote human resource and organizational development
Diversity
Creating a healthy and safe work environment
Promoting initiatives to address environmental and social issues atoverseas locations and NITORI’s own factories
Developing True Partnerships with Suppliers
Promotion of CSR activities
Strengthening Corporate Governance Structure
Discussion by Outside Directors
Ensuring the effectiveness of the Board of Directors

Data Center697175

Editing Policy

Transition of Key Management Indicators
Sustainability Data Book
Financial & Company Data

Disclaimer Regarding
Forward-Looking Statements
This report contains plans, strategies andforecasts, and forward-looking statements
regarding the business performance ofNITORI Holdings and afﬁliated companies.
These statements are not historical facts.
These forward-looking statements arebased on the current assumptions andbeliefs of NITORI Holdings in light ofcurrently available information. In addition,these statements contain risks anduncertainties related to economic trends,
personal consumption, market demandand supply, taxation systems, and othersystems. Therefore, please note that theactual business performance of NITORI
Holdings and its group companies may
differ from the forecasts.