Nitori Holdings boosts Indonesia operations, classifies subsidiary as specified

Nitori Holdings (TSE: 9843) announced a strategic investment in its consolidated subsidiary, PT NITORI TRADING INDONESIA, aimed at strengthening its business foundation and expanding sales within the Indonesian market. The investment, totaling IDR 45,000,000,000 (approximately JPY 396 million), will increase the subsidiary's capital to IDR 135,000,000,000 (approximately JPY 1.344 billion). As a result of this capital injection, the investment amount exceeds 10% of Nitori Holdings' capital.