Consolidated Financial Results for the Six Months Ended May 31, 2025

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results

for the Six Months Ended May 31, 2025 [Japanese GAAP]

July 11, 2025

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

Listing: Tokyo Stock Exchange Securities code: 3201

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

Representative: Yutaka Nagaoka President and Chief Executive Officer

Inquiries: Yasushi Ishida General Manager, Finance and Accounting Department, Telephone: +81-6-6205-6635

Scheduled date to file semi-annual securities report: July 15, 2025 Scheduled date to commence dividend payments: August 19, 2025 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 Six Months Ended May 31, 2025 (December 1, 2024 to May 31, 2025)

   1. Consolidated Operating Results (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Six months ended May 31, 2025 May 31, 2024	Millions of yen 58,612 53,608	% 9.3 (1.7)	Millions of yen 4,920 4,668	% 5.4 2.2	Millions of yen 5,461 5,062	% 7.9 5.2	Millions of yen 3,543 3,674	% (3.6) 10.9

      (Note) Comprehensive income:	Six months ended May 31, 2025:	¥	4,198 million [	(38.8) %]
      	Six months ended May 31, 2024:	¥	6,855 million [	59.0%]

      	Basic earnings per share	Diluted earnings per share
      Six months ended	Yen	Yen
      May 31, 2025	51.37	-
      May 31, 2024	53.30	-

   2. Consolidated Financial Position

   	Total assets	Net assets	Capital adequacy ratio	Net assets per share
   As of May 31, 2025 November 30, 2024	Millions of yen 181,855 179,935	Millions of yen 125,837 123,730	% 68.9 68.2	Yen 1,816.23 1,780.73

   (Reference) Equity: As of May 31, 2025:	¥	125,326 million
   As of November 30, 2024:	¥	122,799 million

2. Dividends

   	Annual dividends
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   Fiscal year ended November 30, 2024 Fiscal year ending November 30, 2025	Yen - -	Yen 16.00 17.00	Yen -	Yen 24.00	Yen 40.00
   Fiscal year ending November 30, 2025 (Forecast)			-	25.00	42.00

   (Note) Revision to the forecast for dividends announced most recently: None

   (Note) Breakdown of the 2nd quarter dividend for the fiscal year ending November 30, 2025 : Commemorative dividend - yen

   Special dividend - yen

3. Consolidated Financial Results Forecast for the Fiscal Year Ending November 30, 2025(December 1, 2024 to November 30, 2025)

(Percentages indicate year-on-year changes.)

1. Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None

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): May 31, 2025: 76,278,858 shares

      November 30, 2024: 76,278,858 shares

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

      May 31, 2025: 7,275,101 shares

      November 30, 2024: 7,318,656 shares

   3. Average number of shares outstanding during the period:

Six months ended May 31, 2025: 68,977,856 shares

Six months ended May 31, 2024: 68,940,343 shares

• Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.

• Proper use of earnings forecasts, and other special matters

The performance forecasts included in this document have been prepared based on information available as of the publication date. The actual results may differ from the forecasts due to various factors that may arise in the future.