Consolidated Financial Results for the Fiscal Year Ended November 30, 2025

Company name: NIKKE (THE JAPAN WOOL TEXTILE CO., LTD.)

Listing: Tokyo Stock Exchange Securities code: 3201

URL: https://www.nikke.co.jp

January 15, 2026

Representative: Yutaka Nagaoka Inquiries: Yasushi Ishida Telephone: +81-6-6205-6635

President and Chief Executive Officer

General Manager, Finance and Accounting Department,

Scheduled date of annual general meeting of shareholders: February 25, 2026 Scheduled date to commence dividend payments: February 5, 2026 Scheduled date to file annual securities report: February 20, 2026

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended November 30, 2025 (from December 1, 2024 to November 30, 2025)

   Note: Comprehensive income For the fiscal year ended November 30, 2025: ¥	14,921 million [	22.8%]
   For the fiscal year ended November 30, 2024: ¥	12,147 million [	5.3%]

   1. Consolidated operating results (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners ofparent
      Fiscal year ended November 30, 2025 November 30, 2024	Millions of yen 119,377 115,438	% 3.4 1.7	Millions of yen 11,913 11,640	% 2.3 5.7	Millions of yen 12,967 12,098	% 7.2 4.0	Millions of yen % 9,090 1.3 8,970 17.4

      	Basic earnings per share	Diluted earnings per share	Rate ofreturn on equity	Ordinary profit to total assets ratio	Operating profit to net sales ratio
      Fiscal year ended	Yen	Yen	%	°0	%
      November 30, 2025	132.27		7.1	7.0	10.0
      November 30, 2024	130.10		7.6	7.0	10.1

      Reference: Share ofprofit (loss) of entities accounted for using equity method

      For the fiscal year ended November 30, 2025:

      ¥ 103 million

      For the fiscal year ended November 30, ¥ 26 million 2024:

   2. Consolidated financial position

      	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
      As of November 30, 2025 November 30, 2024	Millions of yen 189,756 179,935	Millions of yen 132,152 123,730	% 69.4 68.2	Yen 1,964.90 1,780.73

      Reference: Equity

      As ofNovember 30, 2025:	¥	131,654 million
      As ofNovember 30, 2024:	¥	122,799 million

   3. Consolidated cash flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end ofperiod
   Fiscal year ended November 30, 2025 November 30, 2024	Millions ofyen 12,140 10,158	Millions of yen (9,255) (7,856)	Millions of yen (5,070) (4,213)	Millions of yen 31,293 33,419

2. Cash dividends

   	Annual dividends per share					Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Millions of yen
   Fiscal year ended November 30, 2024		16.00		24.00	40.00	2,758	30.7	2.3
   Fiscal year ended November 30, 2025		17.00		30.00	47.00	3,183	35.5	2.5
   Fiscal year ending November 30, 2026 (Forecast)		18.00		32.00	50.00		35.3

   Note: Breakdown of the year-end dividend for the fiscal year ended November 30, 2025 : Commemorative dividend yen

   Special dividend yen

3. Consolidated financial reenlt forecasts for the fiscal year ending November 30, 2026 (from December 1, 2025 to November 30, 2026)

(Percentages indicate year-on-year changes.)

* Notes

1. Significant changes in the scope of consolidation during the period: Newly included: 0 companies(

   Excluded: 2 companies(

   Yes

   
   
   
   
   
   

2. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

3. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As ofNovember 30, 2025	74,278,858 shares
      As ofNovember 30, 2024	76,278,858 shares

   2. Number of treasury shares at the end of the period

      As ofNovember 30, 2025	7,275,584 shares
      As ofNovember 30, 2024	7,318,656 shares

   3. Average number of shares outstanding during the period

1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

   	Net sales		Operating profit		Ordinary profit		Profit
   Fiscal year ended November 30, 2025 November 30, 2024	Millionsofyen 29,277 31,000	% (5.6) 3.8	Millionsofyen 4,712 5,282	% (10.8) (6.3)	Millionsofyen 8,229 6,567	% 25.3 (13.2)	Millionsofyen 7,019 7,118	% (1.4) 27.8

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	Yen	Yen
   November 30, 2025	102.14
   November 30, 2024	103.24

2. Non-consolidated financial position

Reference: Equity

As ofNovember 30, 2025:

As ofNovember 30, 2024:

¥ 99,223 million

¥ 93,800 million

• Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.

• Proper use of earnings forecasts, and other special matters

The earnings forecasts contained in this document are based on information available as of the date of this presentation and on certain assumptions that we deem reasonable, and are not intended as a guarantee of their achievement. Actual results may differ materially due to various factors. For the assumptions underlying these forecasts and other notes on their use, please refer to page 18, "Forecast for the Fiscal Year Ending November 2026," in the "Results Briefing Materials for the Fiscal Year Ended November 2025."

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