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Leader Database

Akio Nitori

Position

CEO

Company Name

Nitori Holdings Co., Ltd.

Bio

Born in Sakhalin in 1944. I was repatriated to Sapporo when I was three years old.

My childhood was a hand-to-mouth life, living in a unit house for repatriates and helping with the housework.

I always struggled with academia, from elementary school to university. After graduating from university, I got a job at an advertising company, but I was let go after six months.
Since no one hired me, I started business by myself with 1 million yen ($8,339) which I borrowed from my father and friends. I chose to manage a furniture store because there was no competitor around the area.

Now in my 70s, my hobbies are karaoke and golf.

Information

Education/Awards

  • 1966: Graduated from Hokkai Gakuen University, Faculty of Economics
  • 2005: Awarded Blue Ribbon Medal
  • 2015: Awarded Chevalier de l'Ordre National de la Légion d'Honneur (Knight of the National Order of the Legion of Honor)


Experience

  • Founder and Chairman of Nitori Holdings Co., Ltd.
  • Vice-Chairman of Japan Chain Stores Association
  • Vice-Chairman of Sapporo Chamber of Commerce and Industry


Areas of Expertise

  • Management


What have been the main lessons you have learned in your career and how do you implement them in your management?

  • In 1972, a business trip to the US was all it took to change the course of my career. I was very startled by how chain stores enrich people’s lives, so I aimed to recreate the chain store system in Japan.
  • In 1978, I joined “Pegasus Club”, a chain store study group sponsored by the leading authority of the Japanese chain store industry, Mr Shunichi Atsumi. Nitori is now contributing to the construction of a fully-fledged chain store management system.


Mentors

  • Mr Shunichi Atsumi: the President of Japanese chain store study group “Pegasus Club”, who has had a great impact on my thoughts and Nitori’s management policies.


Quotes

  • “You live young as long as you keep going on the offensive. You grow old fast once you become defensive.” – Professional’s essentials. The attitude to challenge new things without being afraid of failing makes both a company and its employees to grow up.
  • “Think and act like a customer – not a retailer.” – Nitori’s slogan. Always put yourself in your customer’s shoes to find a way to resolve frustration and inconvenience. It is the iron law of business to take all possible steps.