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1 Consolidated Financial Results 2025 January 15, 2026 TSE Prime Market 3201
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Highlights 2 NET Sales: 119.37 billion yen （Year-on-year ＋3.4％） Operating Profit: 11.91 billion yen （Year-on-year ＋2.3％） Ordinary Profit: 12.96 billion yen （Year-on-year ＋7.2％） Profit attributable to owners of parent: 90.90 billion yen （Year-on-year ＋1.3％） ROE︓ 7.1％ （Year-on-year ▲0.5pt） Net sales and operating profit increased for the fifth consecutive fiscal year, and all profit indicators at and below operating profit reached record highs.
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3 １.Consolidated Financial Statements for 2025
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Summary（2025 ） Driven by strong performances in the Industrial Machinery & Materials and consumer goods and services businesses, we achieved year-on-year increases in both net sales and profits. We also met the earnings forecast announced on July 11, 2025 at all profit levels at and below operating profit. 4 2025.7.11 forecast progressYear-on-yearActual progress％ChangeFY2025FY2024FY2023 98.1％3.4%3,938119,377115,438113,497NET Sales 105.4％2.3%27211,91311,64011,016 Operating Profit ---0.1pt10.0%10.1％9.7％ Operating margin 108.1%7.2%86812,96712,09811,634 Ordinary Profit --1,024296-728-261 Extraordinary Gains and Losses 113.6%1.3%1209,0908,9707,643 Profit attributable to owners of parent ---0.5pt7.1％7.6％7.0％ROE （Unit: million yen） Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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2025.7.11 forecast progressYear-on-yearActual progress％Change20252024 92.2% 88.2% - - -4.0% -23.5% - - -1,275 -810 -2.2pt -2.0pt 30,282 2,645 8.7% 4.5% 31,557 3,455 10.9% 6.5% Net Sales Operating Profit Operating margin ROIC Textile & Clothing Materials 96.5% 115.9% - - 14.1% 45.8% - - 4,341 903 1.8pt 1.3pt 35,177 2,875 8.2% 6.2% 30,836 1,972 6.4% 4.9% Net Sales Operating Profit Operating margin ROIC Industrial Machinery & Materials 102.2% 106.0% - - 0.7% -2.9% - - 191 -204 -0.9pt -1.4pt 26,679 6,772 25.4% 18.7% 26,488 6,977 26.3% 20.1% Net Sales Operating Profit Operating margin ROIC Human & Future Developme nt 104.03% 95.5% - - 3.0% 24.1% - - 672 204 0.7pt 1.7pt 23,199 1,051 4.5% 6.3% 22,527 847 3.8% 4.6% Net Sales Operating Profit Operating margin ROIC Consumer Goods & Services 101.5% - 0.2％ - 9 179 4,038 -1,432 4,028 -1,611 Net Sales Operating ProfitOthers 98.1% 105.4% - - 3.4% 2.3% - - 3,938 272 -0.1pt -1.1pt 119,377 11,913 10.0% 5.6% 115,438 11,640 10.1% 6.7% Net Sales Operating Profit Operating margin ROIC TOTAL Segment Results （Unit: million yen） 5 Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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6 Textile & Clothing Materials Sales Operating income Unit: million yen Sales of uniform materials for schools decreased due to excess inventory at customers. Sales of uniform materials for government offices increased, driven by strong demand for firefighting- related products. Sales of uniform materials for private companies were roughly on par with the previous fiscal year. Sales of clothing materials in Japan declined, but exports to Europe and the United States grew, resulting in higher overall sales. In the Yarn business, sales of yarn decreased, while sales related to knit products increased. Net Sales 30,282 YoY －4.0％ Operating Profit 2,645 YoY －23.5％ Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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7 Non-woven fabrics for automotive applications and other products recorded higher sales, supported by the consolidation of Kureha Tech into the Group. In the FA equipment business, sales of production lines for in-vehicle electrical components declined due to restrained capital investment by customers, but profit increased thanks to contributions from high-margin projects. Sales of environmental and energy-related materials increased, driven by higher sales at Kankyo Techno. Racket sports-related products posted higher sales, supported by favorable reception of new products. For felt used in musical instruments, sales increased compared with the previous fiscal year, when shipments to China were sluggish. Industrial Machinery & Materials Net Sales 35,177 YoY ＋14.1％ Operating Profit 2,875 YoY ＋45.8％ Sales Operating income Unit: million yen Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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8 Sales Operating income Unit: million yen Sales from commercial facility management were roughly on par with the previous fiscal year. In real estate leasing, profit declined compared with the previous year, which had benefited from the sale of real estate held for sale and recorded upfront expenses associated with the completion of the redevelopment of the former Nikke Tokyo Building. In the construction-related business, sales increased as projects were completed as planned. Sales in childcare services decreased, while nursing care services recorded higher sales. In sports-related operations, although the number of golf visitors declined, revenue from tennis schools in the Tokyo metropolitan area increased, resulting in higher overall sales. Human & Future Development Net Sales 26,679 YoY ＋0.7％ Operating Profit 6,772 YoY －2.9％ Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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9 Sales Operating income Unit: million yen Sales of bedding decreased due to weak e-commerce sales, while sales of business supplies increased, driven by higher demand for airline blankets and disaster supply blankets. Sales of lifestyle appliances increased, reflecting strong summer products and growth in e-commerce sales. In film-related products, sales increased as sales of protective films for game consoles rose. Sales of stamps increased, supported by new product launches, while sales of stamping ink decreased due to lower overseas demand. Sales of horse riding goods exceeded the previous fiscal year. Container sales increased on the back of higher order volume. Consumer Goods & Services Net Sales 23,199 YoY ＋ 3.0％ Operating Profit 1,051 YoY ＋24.1％ Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Quarterly Sales Trends by Segment 10 Unit: million yen Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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※Excluding Other and Adjustment Amounts 11 Quarterly Trends in Operating Profit by Segment Unit: million yen Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Change（Y/Y）End-Nov. 2025End-Nov. 2024Consolidated Balance Sheet -4,60692,68997,295Current assets 14,42797,06782,639Property, plant and equipment 9,820189,756179,935Total assets -2,77035,43338,203Current liabilities 4,16822,17018,001Long-term liabilities 1,39857,60356,205Total Liabilities 3,079113,712110,632Shareholders’ equity 5,77517,94212,167Accumulated other comprehensive income -432498930Noncontrolling interests 8,422132,152123,730Net assets 12 Consolidated Balance Sheet／Cash Flow Statement （Unit: million yen） Change（Y/Y）FY2025 FY2024 Consolidated Cash Flow Statement 1,98212,14010,158Cash flow from operating activities -1,399-9,255-7,856Cash flow from investing activities -857-5,070-4,213Cash flow from financing activities -2,12631,29333,419Balance of cash and cash equivalents at year’s end Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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13 Capital investment／Depreciation expense （Unit: million yen） Forecast Forecast Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025 Forecast Forecast
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01 Acquisition of Shares in Kako Technos Group Co., Ltd. 14 Under our medium- to long-term vision, the RN130 (Renewal Nikke 130) Vision Third Medium-Term Management Plan, we have positioned the expansion of earnings in the equipment field, including FA equipment and machinery, as a core strategy of the Industrial Machinery & Materials Business Headquarters, and we are proactively investing in growth markets.Meanwhile, Kako Technos Co., Ltd., with a 90-year history since its founding, has pursued the management philosophy of “Fueki-Ryūkō” (respecting enduring fundamentals while flexibly embracing change) and has continuously contributed to society by ensuring the safe and stable supply of products related to social infrastructure, including railway vehicles and the electric power sector. Leveraging this share acquisition as an opportunity, we will share and mutually utilize the manufacturing technologies and expertise of both companies so that we can provide our key customers and other business partners with even higher-quality and higher-function products and better services on a stable basis, and we will strive for the further growth of Kako Technos Co., Ltd. and the enhancement of corporate value for the Nikke Group. We aim to expand our business domain in the FA equipment and machinery field. TOPIX Company name: Kako Technos Co., Ltd. Location: 7-4-2 Ota-cho, Suma-ku, Kobe, Hyogo. Representative: Taizo Kako, President and Representative Director Business: Manufacturing of control equipment for railway vehicles, substations, and other social infrastructure applications. Capital: 77 million yen. Employees: 237. Company Profile Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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02 Selected for NEDO’s “Bio-manufacturing Revolution Promotion Project” 15 We are participating in an R&D and demonstration project aimed at establishing a fiber-to-fiber resource circulation system. TOPIX Including our company, six textile-related companies※1 have established the “Consortium for Fiber to Fiber” to promote sustainability in the textile industry. In addition, our joint proposal titled “R&D and Demonstration for Building a Fiber-to-Fiber Resource Circulation System” has been selected for the “Bio-manufacturing Revolution Promotion Project” publicly solicited by the New Energy and Industrial Technology Development Organization (NEDO). Within this project, the Nikke Group will work on the “Development of Pre-treatment and Recycling Technologies for Wool-blend Clothing,” and will steadily advance related initiatives. *1 The six participating organizations are Teijin Frontier Co., Ltd., Kurabo Industries Ltd., Research Institute of Innovative Technology for the Earth (RITE), Toray Industries, Inc., Nisshinbo Textile Inc., and NIKKE. Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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03 Decision on Matters Related to Share Buyback 16 Aim to Improve Capital Efficiency and Maximize Corporate and Shareholder Value TOPIX NIKKE hereby announces that its Board of Directors, at a meeting held on January 15, 2026, resolved matters pertaining to the acquisition of treasury stock, pursuant to Article 156 of the Company Law as applied pursuant to Article 165, Paragraph 3 of the said Law. Details of matters relating to the acquisition Common stock of the Company(１)Type of shares to be acquired 2,000,000 shares (maximum) Ratio to total number of shares issued and outstanding (excluding treasury stock) 2.98 (２) Total number of shares to be acquired 4,000,000,000 yen (maximum)(３) Total acquisition cost of shares January 15, 2026 - May 22, 2026(４) Acquisition period Market purchases, including off-the-counter share repurchase transactions (ToSTNeT-3) (５) Method of acquisition Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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17 ２.Forecast for FY2026
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Recognition of the business environment ・In Japan, the declining birthrate is expected to result in a decrease of over 30% in the student population in the next decade or so. ・Conversely, the global apparel market is anticipated to grow, making it essential to focus on expanding into overseas markets. ・Amidst the declining conditions of domestic wool textile production areas, the Nikke Group needs to leverage its integrated domestic production capabilities to restructure its value chain. ・Environmentally friendly materials and the circular economy of textile products that contribute to achieving a sustainable society, as well as embracing diversity, will become key strategic components in our business strategy. Textile & Clothing Materials ・The automotive sector is influenced by U.S. tariff policies and market conditions in China. ・The environmental sector is experiencing a global expansion of business opportunities due to the strengthening of environmental regulations. ・The home appliance and office automation (OA) sectors anticipate growth in overseas markets. ・The expansion of markets that are mindful of the SDGs, such as the recycling business, is expected. Industrial Machinery & Materials ・Shopping centers are well-rooted in their communities and are performing steadily. In the real estate development sector, there is increasing interest in properties with enhanced asset value, such as high-environmental-performance office buildings certified as ZEB Ready. ・In the lifestyle support sector, while the nursing care market continues to expand, there is a need to develop operational methods and services that anticipate a shortage of nursing personnel. Human & Future Development ・The e-commerce market is expected to continue growing due to its convenience. ・However, competition is intensifying due to borderless market dynamics, with direct entries from overseas players, such as those from China, and direct sales by manufacturers. Additionally, the prolonged depreciation of the yen is leading to continued increases in procurement and logistics costs, alongside a persistent upward trend in advertising expenses. Consumer Goods & Services 18 Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Year-on-yearForecastActual ％ChangeFY 2026FY 2025FY2024 8.9％10,623130,000119,377115,438NET Sales 9.1％1,08713,00011,91311,640Operating Profit -0.0pt10.0％10.0%10.1％ Operating margin 3.3%43313,40012,96712,098Ordinary Profit 4.5%4109,5009,0908,970 Profit attributable to owners of parent We expect increases in both net sales and profit, driven by earnings contributions from real estate redevelopment, the full- year consolidation of Kako Technos, and a recovery in the Textile & Clothing Materials business, among other. FY2026 Full-year Forecast 19 （Unit: million yen） Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Year-on-yearForecastActual ％Change202620252024 12.3% 28.5% - 3,718 755 1.3pt 34,000 3,400 10.0% 30,282 2,645 8.7% 31,557 3,455 10.9% Net Sales Operating Profit Operating margin Textile & Clothing Materials 22.2% 4.3% - 7,823 125 -1.2pt 43,000 3,000 7.0% 35,177 2,875 8.2% 30,836 1,972 6.4% Net Sales Operating Profit Operating margin Industrial Machinery & Materials -2.5% 6.3% - -679 428 2.3pt 26,000 7,200 27.7% 26,679 6,772 25.4% 26,488 6,977 26.3% Net Sales Operating Profit Operating margin Human & Future Development -0.9% 14.2% - -199 149 0.7pt 23,000 1,200 5.2% 23,199 1,051 4.5% 22,527 847 3.8% Net Sales Operating Profit Operating margin Consumer Goods & Services -0.9％ - -38 -368 4,000 -1,800 4,038 -1,432 4,028 -1,611 Net Sales Operating ProfitOthers 8.9% 9.1% - 10,623 1,087 0.0pt 130,000 13,000 10.0% 119,377 11,913 10.0% 115,438 11,640 10.1% Net Sales Operating Profit Operating margin TOTAL 2026 performance forecast by segment 20 （Unit: million yen） Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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2025 performance forecast change factors 21 Main factors of increase/decrease（compared to previous period） ・Increase in sales of uniforms for schools ・Increase in orders for business uniform garments and firefighting-related products Textile & Clothing Materials ・Expansion of overseas sales in the non-woven fabrics and felt businesses, and promotion of streamlining initiatives ・Commencement of full-year consolidation of Kako Technos Co., Ltd. Industrial Machinery & Materials ・Full-scale earnings contributions from real estate redevelopment projects ・Scaling down of new communications services and the after-school childcare business Human & Future Development ・Improvement in profitability through various efficiency and cost-cutting measures Consumer Goods & Services 【Others】 ・Adjustments, reserve funds, etc. are expected.Others Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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３.Action to Implement Management that is Conscious of Cost of Capital and Stock Price 22
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Action to Implement Management that is Conscious of the Cost of Capital and the Stock Price (Announced in January 2024) 23 Strengthening profit generation Improved asset efficiency Strengthening of capital policy Strengthen IR ●Promote and achieve the RN130 third medium-term management． ●Optimise the business portfolio (investment in growth businesses, review of unprofitable businesses). ●Further efficiency gains in property holdings (redevelopment and disposal of unprofitable properties) ●Reduction of inactive assets (liquidation of policy shares that are no longer meaningful to hold) ●Continue to use ROIC as an indicator as an investment criterion. (target 8%, minimum 5%) ●Strengthening shareholder returns ●The dividend payout ratio will be gradually rounded up from the current target of 30%, aiming for 35% in the final year of the Third Medium-Term Plan. ●Using DOE as an indicator, we aim for 2.5% by 2026. ●Flexible share buy- backs in light of the progress of investments, to enhance overall shareholder returns. ●We aim to strengthen dialogue so that stakeholders can increase their understanding and trust in the Nikke Group ●We explain M&A strategies and business diversification strategies, and communicate the growth story of the Nikke Group. ●Promote expansion and sophistication of information disclosure (e.g. support for IR materials in English) Promote management with an awareness of return on capital,The company aims to achieve an ROE target of 8% and a P/B ratio of more than 1x. Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Positioning of RN130 3rd medium-term plan 24 Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Progress of the RN130 3rd medium-term plan 25 For fiscal 2025, net sales and operating profit are expected to fall short of the medium-term plan, while ordinary profit and profit attributable to owners of parent are expected to achieve their targets. RN130 third medium-term management（2024~2026） 202620252024 2026.1.15 Forecast Medium-Term Management PlanActual Medium-Term Management PlanActual Medium-Term Management Plan 130,000130,000119,377120,000115,438111,000NET Sales 13,00013,00011,91312,00011,64011,000Operating Profit 10.0％10.0％10.0%10.0％10.1％9.9％ Operating margin 13,40013,40012,96712,40012,09811,600Ordinary Profit 9,5008,8009,0907,8008,9707,700 Profit attributable to owners of parent －8.0％以上7.1％－7.6%－ Return on equity （Unit: million yen） Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Progress of the RN130 3rd medium-term plan by Segment 26 RN130 third medium-term management（2024~2026） 202620252024 2026.1.15 Forecast Medium-Term Management PlanActual Medium-Term Management PlanActual Medium-Term Management Plan 34,000 3,400 10.0% 39,500 4,300 10.9% 30,282 2,645 8.7% 35,500 3,700 10.4% 31,557 3,455 10.9% 32,500 3,450 10.6% Net Sales Operating Profit Operating margin Textile & Clothing Materials 43,000 3,000 7.0% 31,000 2,550 8.2% 35,177 2,875 8.2% 29,000 2,100 7.2% 30,836 1,972 6.4% 26,000 1,850 7.1% Net Sales Operating Profit Operating margin Industrial Machinery & Materials 26,000 7,200 27.7% 30,000 7,200 24.0% 26,679 6,772 25.4% 26,500 6,250 23.6% 26,488 6,977 26.3% 26,000 6,200 23.8% Net Sales Operating Profit Operating margin Human & Future Development 23,000 1,200 5.2% 31,500 2,000 6.3% 23,199 1,051 4.5% 26,000 1,750 6.7% 22,527 847 3.8% 24,500 1,350 5.5% Net Sales Operating Profit Operating margin Consumer Goods & Services 4,000 -1,800 -2,000 -3,050 4,038 -1,432 3,000 -1,800 4,028 -1,611 2,000 -1,850 Net Sales Operating ProfitOthers 130,000 13,000 10.0% 130,000 13,000 10.0% 119,377 11,913 10.0% 120,000 12,000 10.0% 115,438 11,640 10.1% 111,000 11,000 9.9% Net Sales Operating Profit Operating margin TOTAL （Unit: million yen） Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Growth Story of the Nikke Group 27 Further enhancing the profitability of our stable business foundation Textile & Clothing Materials We will further enhance profitability through manufacturing rationalization, including capital investment in labor-saving and automation equipment. Human & Future Development We will also strengthen profitability through real estate redevelopment and the downsizing of unprofitable businesses. Cultivating growth drivers Industrial Machinery & Materials We position the non-woven fabrics and felt business and the FA equipment business as future growth drivers, and will develop them into a third core earnings pillar, following the uniform and real estate development businesses. Developing overseas sales channels Textile & Clothing Materials We will expand sales of textile fabrics and other materials to high-end and mid- range brands overseas. Consumer Goods & Services We will utilize e-commerce as a sales channel to expand our overseas sales. M&A to Support Growth We will continue to actively and carefully pursue M&A, which has significantly contributed to the growth of the Nikke Group. Building new businesses We will establish new business models that contribute to solving social issues related to environmental challenges. Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Before joining our group, former Fujiko had recorded net losses for three consecutive fiscal years, but returned to profitability in 2022 through production consolidation with Ambic and the integration of sales bases. We will apply the same know-how to Kankyo Techno and Kureha Tech to achieve further rationalization from 2025 onward. Past Initiatives to Strengthen the Non-woven Fabrics and Felt Business 2020/5 Entered into a capital and business alliance agreement between Nikke・Ambic and Fujiko, acquiring 30.7% of the shares. 2021/1 Closed the Fujiko Tatebayashi Plant and transferred production to Ambic. 2021/9 Nikke made Fujiko a wholly-owned subsidiary. 2023/12 Ambic and Fujiko underwent a management integration. 2024/4 Acquisition of Shares in Toyobo Kankyo techno ※1 2024/8 Acquisition of Shares in Kureha Tech ※１As of April 17, 2024, Toyobo Kankyo techno Co., Ltd. has changed its name to Kankyo techno Co., Ltd. 28 Strengthening the Non-woven Fabrics and Felt Business Performance trends of the non-woven fabrics and felt business Growth Strategy Consolidation of Kankyo techno and KurehaFull-year Consolidation of Fujiko Forecast （Left Axis） （Right Axis）(Unit: 100 million yen) In the non-woven fabrics and felt business, net sales increased to approximately four times and operating profit to approximately six times their 2020 levels by 2025. Industrial Machinery & Materials Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Enhancing Competitiveness through Sales Expansion By incorporating Kureha into our group in August 2024, the sales scale of our non-woven fabrics and felt business will reach approximately 23 billion yen, making us the second-largest market share holder in Japan.※１ Utilizing Global Manufacturing and Sales Bases With the addition of Kankyo techno and Kureha Tech to our group, we will expand our manufacturing and sales bases in China, ASEAN, and North America. This will enable us to respond to diverse business developments tailored to customer needs. 29 Target Markets Competitive Advantage The target areas for our company are industrial materials sectors such as automotive and environment- related fields, where market growth is anticipated. We do not position general-purpose hygiene materials (such as masks), which are susceptible to price competition, as our focus areas. Target Markets Non-woven Fabrics and Felt Markets Filters for Dust Collectors Recycled Fibers from Used Clothing Interior Materials for Automobiles Automotive and Environment-related Fields We will develop the non-woven fabrics and felt business into the Nikke Group’s third core earnings pillar, following school uniforms and real estate development. Hygiene Materials (such as masks and diapers) ※1 Market Share of Non-woven Fabrics and Felt Produced by Needle Punch and Chemical Bond Methods (according to our research) Growth Strategy Going Forward Expanding sales of automotive interior materials in North America Leveraging Kureha Tech’s North American base, we will expand sales of automotive interior materials. Strengthening our production and sales structure in Vietnam and Indonesia By expanding production facilities and relocating/expanding plants, we will improve both production capacity and productivity, and aim to increase orders through optimal production of the right products in the right locations. In 2023, we relocated and expanded our plant in Vietnam, and in 2025 we reinforced our manufacturing lines in Indonesia. We will expand overseas sales, focusing primarily on North America and ASEAN markets. Strengthening the Non-woven Fabrics and Felt Business Growth Strategy Industrial Machinery & Materials Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Strengthening the equipment (FA equipment and machinery) field Expanding our business domain through the integration of Kako Technos into the Group Nikke Group’s equipment (FA equipment and machinery) business Synergies with Kako Technos Human resource support, exchange, and sharing of manufacturing know-how We will leverage personnel support from the Nikke Group and share design and manufacturing know-how with Nikke Machinery Works. Enhancement of production capacity By utilizing the Nikke Group’s financial strength, we will be able to expand production capacity (capital investment) in line with future demand trends. Expansion into new fields beyond railways By strengthening collaboration with Nikke Machinery Works, we will explore entry into new business domains beyond the railway sector. Our primary target domains are the “automotive (in- vehicle),” “battery,” and “semiconductor” fields, where we expect solid market growth. With the addition of Kako Technos to the Group, we are newly incorporating the “railway” field into our business domain. Target Markets A manufacturer of control equipment that provides integrated services from design and parts procurement through assembly and testing/inspection. Its main products are brake systems for railway vehicles. Core business is FA equipment, focusing mainly on manufacturing and inspection equipment for in-vehicle electrical components, parts and sensors, secondary batteries, and semiconductors. Performance trends Commencement of consolidation of Kako Technos Brake systems for railway vehicles are installed on trains operated by over 90% of railway companies in Japan, and command a domestic production share of approximately 50%. 30 （Right Axis）（Left Axis） (Unit: 100 million yen) Forecast Growth Strategy Industrial Machinery & Materials Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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We will enhance our domestic manufacturing capabilities and profitability while implementing measures to expand overseas sales. Expansion of overseas sales and strengthening of domestic manufacturing Nikke’s first solo exhibition in Paris The firm hand and superior tailoring appearance of our fabrics are among the key factors that differentiate us from textile manufacturers in Europe and Asia. Overseas target markets European apparel market ・We will strengthen sales of textile fabrics for high-end and mid-range brands. Further strengthening domestic manufacturing capabilities and profitability We will strengthen our manufacturing capabilities and profitability by rationalizing production through capital investment in labor-saving, energy-saving, and automation equipment, as well as by leveraging digital technologies. Performance trends of the Textile & Clothing Materials business 31 Optimization of personnel allocation ・Improve profitability in Textile & Clothing Materials ・Leverage human resources in the Industrial Machinery & Materials business and other areas・We will increase customer touchpoints by holding solo exhibitions in Paris and hiring local personnel. 3.6% 8.7% Growth Strategy Textile & Clothing Materials Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Progress Schedule (Planned)Revenue ContributionLocationRedevelopment Projects 2024 2025 2026 LargeTokyoTokyo Building SmallHyogoKobe Head Office Building MediumAichiIchinomiya Plant SmallHyogoShukugawa Company Housing Development MediumHyogoKakogawa Company Housing Development (Phase 1) LargeChibaSouth Side of Nikke Colton Plaza LargeHyogoFormer Fujiko Itami Plant Promotion of Real Estate Development Business 32 From fiscal 2026, the Nikke Tokyo Building is expected to make a full-scale contribution to earnings. Construction Period Construction Period Development Plan Review Construction Period Real Estate Leasing Income Sales of Solar Energy Income Existing Businesses Real Estate Redevelo pment Tokyo Building Kobe Head Office Building Ichinomiya Plant Shukugawa Company Housing Development Kakogawa Company Housing Development (Phase 1) South Side of Nikke Colton Plaza Former Fujiko Itami Plant, etc. Stable Revenue Enhancing Profitability through Redevelopment of Real Estate Target: 5 billion yen Profit Development Plan Review Construction Period Completed Completed Completed Completed Construction Period Growth Strategy Human & Future Development 3rd medium-term plan CF140 Vision Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Business Portfolio Review 33 （Unit: Million Yen） In the Human & Future Development business, we will review our portfolio in 2024 and scale down the Communications and new services fields. From 2026 onward, we plan to further enhance profitability through the effects of real estate redevelopment and other initiatives. Sales Revenue Communications and New Services 30％ Human & Future Development Performance Trends Operating Profit Communications and New Services ５％ Human & Future Development: Sub-Segment Composition Ratio ＜2023＞ Sales Revenue Communications and New Services 10％ Communications and New Services 2% ＜2025＞ In the communications sector (mobile phones), competition has intensified in recent years, leading to a continuous decline in profitability, which has prompted us to downsize the business. 33 Operating Profit Growth Strategy Human & Future Development Forecast Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Development of new sales channels 34 We aim to build an optimal value chain to develop new sales channels, including expanding overseas distribution, while improving profitability through business grouping and the development of original in-house products. Planning Develop ment Manu facturing LogisticsPromotion Sales ＳＰＡ ➀Business grouping We will group the 11 companies under the consumer goods and services segment by business content, and promote integrated management including the consolidation of decision-making bodies, joint procurement, and collaborative product development. ➁Strengthening e-commerce capabilities ➂Streamlining Logistics For the four companies whose main business is e-commerce— Miyako Shoji, AQUA, Sanko, and Interior Office One—we will enhance our planning, development, and sales capabilities by sharing human resources, systems, and know-how. We will reduce costs by streamlining logistics operations. Initiatives to strengthen profitability Aiming to build an optimal value chain for the future Initiatives to develop new sales channels Growth Strategy Consumer Goods & Services Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Initiatives to realize a sustainable society We aim to help address environmental and other social issues by building new business models that will drive our next stage of growth. By automating the process of removing foreign materials such as zippers and buttons from used clothing, we are helping to address key challenges in building a resource circulation system for textile products. We have launched WAONAS, a circular “clothes- to-clothes” project that collects and recycles unused wool garments with the aim of achieving zero waste, and we are promoting the establishment of a resource circulation system. Initiatives to recycle used clothing into reclaimed fiber We have launched WAONAS, a circular “clothes-to-clothes” project. Realizing fiber-to-fiber resource circulation Six textile-related companies*¹ have established a consortium to realize fiber-to-fiber resource circulation. This project has been selected for the “Bio-manufacturing Revolution Promotion Project” publicly solicited by the New Energy and Industrial Technology Development Organization (NEDO). 35 Growth Strategy Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Execution of strategic M&A Progress under the Third Medium-Term Management Plan (with an investment budget of 20 billion yen) is proceeding smoothly, and we are currently reviewing multiple M&A opportunities for fiscal 2026. Companies Acquired through M&A Existing Busines Contribution of M&A to Performance 36 ■ Expanding business domains Target fields with high affinity to existing businesses to broaden our product lineup and enhance our value chain ■ Acquiring talent Secure personnel with specialized knowledge and technical expertise ■ Strengthening earning power Leverage the know-how accumulated through many years of M&A and the comprehensive capabilities of the Nikke Group to promote various rationalization initiatives Basic M&A Strategy Investment Criteria ROIC︓Target 8% (Minimum 5%) We conduct thorough earnings forecasts for target companies and impose a condition that the amount of goodwill be limited to the equivalent of no more than five years of operating profit, thereby curbing excessive acquisition prices. M&A track record (past five years) 2025 Sales 2025 Operating Profit 2022.11 2023.6 2024.4 2024.8 2025.10 2021.9 ※１ Targeting companies that have joined the Nikke Group through M&A since 1995. Growth Strategy Fujiko Kankyo techno Kureha Tech Kako Technos Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Improving Asset Efficiency 37 Strengthening the Utilization of Owned Real Estate ・Completion of YAESUDORI FIL TERRASSE (formerly Nikke Tokyo Building) ・Commenced land leasing of idle areas at the Ichinomiya Plant (Aichi Prefecture) ・Completed seismic retrofitting of the Nikke Kobe Building (Hyogo Prefecture) and began promoting tenant occupancy ・Completion of development of the Shukugawa company housing (Hyogo Prefecture) ・Maintaining and enhancing customer traffic at Nikke Colton Plaza following its renewal, etc. Disciplined investment execution Investment criteria: ROIC – target 8%, minimum threshold 5% ＜ROIC trends by segment＞ Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Strengthening Capital Policy 38 We aim to expand shareholder returns based on a "progressive dividend" policy, ensuring no reduction in dividends. ・For the fiscal year ending November 2025, we plan to increase the annual dividend by 5 yen from the initial forecast to 47 yen per share. ・In October 2025, we conducted a share repurchase of 2 million shares (equivalent to 2.90% of the total number of shares issued*1). ・In January 2026, we resolved to repurchase up to 2 million shares (equivalent to 2.98% of the total number of shares issued*1). ・Our targets for the final year of the medium-term plan, the fiscal year ending November 2026, are a dividend payout ratio of 35% and a DOE of 2.5%, both of which were achieved ahead of schedule in the fiscal year ending November 2025. No dividend reductions for 50 years since 1976. Dividend per Share Trends （yen） The fiscal year ending November 2026 is expected to mark the eighth consecutive year of dividend increases. Review of Shareholder Return Policy Incorporating investor feedback, we have added a progressive dividend and a DOE target of 2.5% to our policy. ※Announced on January 10, 2025 Plan Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025 ※The percentage of the total number of issued shares, excluding treasury shares.
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Strengthening IR (Investor Relations) 39 Through dialogue with shareholders and investors, we strive for sustainable growth and the enhancement of corporate value over the medium to long term. Status of Dialogue Initiatives Enhancement of Information Disclosure Dialogue with shareholders and investors is managed collaboratively by the Finance and Accounting Department, Corporate Planning Department, and General Affairs, Legal, and Public Relations Department. In the fiscal year 2024, we conducted approximately 49 IR and SR meetings combined, and held one briefing session for individual investors. The insights and issues identified through these dialogues are shared in meetings with each business division, group management meetings, and board meetings. This information is used as a reference for management decisions that consider capital costs and stock prices. Disclosure of Earnings Presentation Videos and Q&A Summaries Disclosure of English Materials Disclosure of Materiality Identification, and Implementation Results Disclosure of Videos and Presentation Materials for Individual Investor Briefings Disclosure of Shareholders' Meeting Videos, etc. Establishment of a Dedicated IR Department, etc. Key Themes and Areas of Interest in Dialogue Future Growth Drivers, Business Diversification (Conglomerate), M&A Strategy, Capital Policy (Shareholder Returns) Cash Allocation, Human Capital Management (Investment in Human Resources), Overall Governance (Anti-takeover Measures, Cross-shareholdings), etc. Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Our Responses and PoliciesQuestions Our objectives are to expand our business domains, secure talent, and strengthen our earning power. Currently, companies that have joined the Nikke Group through M&A*1 account for approximately 53% of net sales and about 36% of operating profit. Leveraging our track record, many proposals are brought to us, and we are continuously reviewing around 400 potential deals. From among these, we execute only one to two carefully selected transactions per year.A distinguishing feature of our approach is that we actively pursue M&A while maintaining strict discipline, using ROIC as a key investment criterion. We are highly mindful of not overpaying for acquisitions. Q. What are the distinctive features of your M&A strategy? Since our founding, we have placed strong emphasis on maintaining stable dividends, and we have not reduced our dividend even once in the 50 years since 1976, following the oil shock.At the same time, at the current level of shareholder returns, our net assets continue to accumulate year by year, and improving capital efficiency remains a challenge. We are aware that our current target levels are by no means high, and we are continuing internal discussions on what would constitute an appropriate level of shareholder returns. Q. What is your approach to shareholder return policy? Our real estate business originated from the redevelopment of former Textile & Clothing Materials factory sites. Rather than limiting ourselves to simple leasing, we have enhanced added value by directly operating commercial facilities, nursing care and childcare facilities, sports facilities, and other properties.Today, approximately 80% of operating profit in the Human & Future Development business comes from tenant income at commercial facilities and rental income from office buildings and other real estate.In recent years, we have also been leveraging our real estate know-how to redevelop idle land owned by companies that have joined the Group through M&A, thereby further expanding our real estate-related operations. Q. What is your policy and approach for the real estate business? 40 Specific Examples of Dialogue with Shareholders and Investors Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Our Responses and PoliciesQuestions The main reason is sluggish sales of school uniforms. In recent years, there has been a rapid increase in model changes to school uniforms that take LGBTQ considerations into account, and, in addition, about three years ago some cases arose where school uniforms were not delivered in time for entrance ceremonies. Against this backdrop, inventories built up across the entire distribution chain, leading to a decline in sales.As a result, production volume also decreased, which worsened manufacturing efficiency and caused profit margins to deteriorate. The impact of inventory adjustments in the distribution channel is expected to continue into fiscal 2026. Q. What are the factors behind the decline in profit in the Textile & Clothing Materials business in fiscal 2025? The area most at risk of being affected is primarily the Industrial Machinery & Materials business. If capital investment in the automotive sector is restrained, orders for FA equipment would decline. In addition, if domestic automobile production decreases, sales of non-woven fabrics and felt used in interior materials and other applications would also fall. While there are still aspects for which the outlook is unclear, at this point we do not expect any significant impact. Q. What impact do U.S. tariff policies have? 41 Specific Examples of Dialogue with Shareholders and Investors Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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42 ４.Reference Materials (About the Nikke Group)
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Key Products and Services OfferedWithin SegmentsBusiness AreasSales Composition Uniform materials for schools/Uniform materials for private companies/Uniform materials for government Clothing materials Yarn sales - 80％ 15% 4% 1% Uniforms Textiles Yarn Others Textile & Clothing Materials 26% FA /Interior materials and cushioning/Thread for airbags and seat Filters (nonwoven fabric) OA and home appliance materials/Semiconductor-related and imaging equipment/Carpets for homes, offices, and trade shows Racket sports related/Fishing related/Materials for musical instruments 47％ 20% 20% 13% Automotive Environmental Other industries Consumer-related Industrial Machinery & Materials 31% Shopping centers Real estate leasing/Sales of solar energy/Construction business Childcare and after-school childcare/Nursing care/Sports related Communications 20％ 39% 31% 10% Commercial facility management Real estate development Lifestyle support Communications and new services Human & Future Development 23% Bedding/Airline blankets/Disaster supply blankets Lifestyle appliances and miscellaneous goods/Goods for 100-yen shops/Furniture/Privacy filters for tablets and laptops Stamping ink and stamps/Equestrian equipment/Knitting yarn Container sales/Insurance agency 14％ 56% 15% 16% Bedding and business supplies Household goods Hobby and craft Others Consumer Goods & Services 20% Business Areas and Services of the Nikke Group ※Sales composition and intra-segment sales composition are based on actual results for the fiscal year ending November 2025. ※The sales composition is calculated based on the total company sales, excluding sales of 4,060 million yen from other and adjustment segments. 43 Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Features of the Textile & Clothing Materials Business The sale of fabrics for school uniforms is a core business. Approximately 50% of the sales in the Textile & Clothing Materials business are related to school uniforms. Approximately 50% Sales Related to School Uniforms Business Advantages Strong Manufacturing Capability. An integrated supply system where the supply chain is completed within the group. School uniforms must be ready in time for entrance ceremonies, and the color consistency of uniforms must be maintained from the first to the third year. The production of blazer-style uniforms, which often use natural wool as a raw material, requires particularly advanced techniques. Continuously improving profitability In the Textile & Clothing Materials business, we actively work on revising our product lineup and reducing manufacturing costs, thereby continuously improving profitability. ※１ Estimates by our company (particularly high market share in blazer-style school uniforms) 44 Fabric for Junior High and High School Uniforms Approximately 50-60%※1 market share We hold the No. 1 market share in uniform fabrics for junior high and high schools, and have achieved high profitability through relentless efforts to improve productivity. ・Reduction in sales of general-purpose items (textiles and yarn) ・Review of manufacturing and sales systems (production consolidation and sales integration) ・Manufacturing rationalization through energy- saving, labor-saving, and automation initiatives Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Non-woven fabrics and felt products: primarily industrial materials used for automobiles, environmental applications, and OA equipment. Business expansion driven by proprietary technologies in non-woven fabrics, felt, and FA (factory automation) Automotive We supply a wide range of products for applications such as interior and exterior materials and filters. Environmental OA equipment FA business: Manufacturing and sales of FA equipment ※Market share in the non-woven fabrics and felt market using needle-punch and chemical-bonding production methods (Nikke estimate) 45 Consumer-related: Racket sports, fishing thread, etc. Second-largest market share in Japan. Features of the Industrial Machinery & Materials Business Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Features of the Human & Future Development Business Approximately 80% of the operating profit from the Human & Future Development business comes from rental income from tenants in commercial facilities and real estate leasing income from office buildings and land. Nikke Colton Plaza Location: 1-1-1 Onitaka, Ichikawa City, Chiba Prefecture Established: November 25, 1988 Land Area: Approximately 43,000 tsubo Retail Space: 71,000 square meters Nikke Parktown Location: 173-1 Jikemachi, Kakogawa- cho, Kakogawa City, Hyogo Prefecture Established: February 8, 1984 Land Area: Approximately 22,100 tsubo Retail Space: 42,000 square meters The company operates two commercial facilities: Nikke Colton Plaza and Nikke Parktown. In the areas surrounding these commercial facilities, we are deploying a range of community-oriented services such as sports, nursing care, and childcare. By operating each service in-house, we enhance added value and improve profitability. Pursuing Stability and Profitability Improvement By reassessing the utilization of owned real estate and enhancing its added value, we strive to secure stable income while working to improve profitability. Solar Energy Sales Facility (Hyogo Prefecture) Golf Course Solar Energy Sales Facility Additionally, properties with decreased profitability or those in remote locations that present management challenges are sold as circumstances dictate. Change of Use 2019︓1cace 2023︓3caces 2024︓1cace Sales Record 46 Company-operated Commercial Facilities Ensuring Stable Cash Flow through Recurring Revenue Streams. Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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We are expanding our operations by grouping together, through M&A, companies that handle distinctive consumer-related products. Bedding and business supplies: Bedding, business- use supplies, disaster relief blankets, etc. Hobby and craft: Stamps, stamping ink, horse riding goods, etc. Lifestyle appliances and miscellaneous goods: Lifestyle appliances, miscellaneous goods, furniture and bedding, etc. Nikke Shoji 47 Features of the Consumer Goods & Services Business Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Strengths of the Four-Business Structure By leveraging the cash flow generated from the stable revenue base of the Textile & Clothing Materials' uniform business and the Human & Future Development's real estate development and commercial facility management business, we will make growth investments (such as M&A) in sectors like Industrial Machinery & Materials and Consumer Goods and Services that can swiftly seize business opportunities. Business Portfolio Strategy 48 Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Performance by Segment (5-Year Trends) 49 2025/112024/112023/112022/112021/11 30,282 2,645 8.7% 4.5% 31,557 3,455 10.9% 6.5% 31,359 3,323 10.6% 6.8% 29,735 3,234 10.9% 7.0% 29,872 2,749 9.2% 6.1% Net Sales Operating Profit Operating margin ROIC Textile & Clothing Materials 35,177 2,875 8.2% 6.2% 30,836 1,972 6.4% 4.9% 24,713 1,586 6.4% 4.5% 23,853 1,952 8.2% 5.8% 20,390 1,235 6.1% 3.6% Net Sales Operating Profit Operating margin ROIC Industrial Machinery & Materials 26,679 6,772 25.4% 18.7% 26,488 6,977 26.3% 20.1% 32,870 7,086 21.6% 22.8% 34,938 6,151 17.6% 16.6% 34,059 6,115 18.0% 16.1% Net Sales Operating Profit Operating margin ROIC Human & Future Development 23,199 1,051 4.5% 6.3% 22,527 847 3.8% 4.6% 20,799 555 2.7% 2.9% 16,802 953 5.7% 5.5% 18,685 1,410 7.6% 10.1% Net Sales Operating Profit Operating margin ROIC Consumer Goods & Services 4,038 -1,432 4,028 -1,611 3,755 -1,536 3,720 -1,584 3,612 -1,610 Net Sales Operating ProfitOthers 119,377 11,913 10.0% 5.6% 115,438 11,640 10.1% 6.7% 113,497 11,016 9.7% 5.9% 109,048 10,707 9.8% 5.5% 106,619 9,900 9.3% 6.1% Net Sales Operating Profit Operating margin ROIC TOTAL （Unit: million yen） Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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50 The company is oriented towards a balance between growth investment and stable shareholder returns. Investment in growth will be actively implemented from the perspective of increasing medium- and long-term corporate value, including investment in research and development, mergers and acquisitions, capital expenditure and human capital. Capital Policy and Shareholder Returns Basic concept Shareholder Return policy We will adhere to a "progressive dividend" policy that does not reduce dividends. Regarding the dividend payout ratio, we aim to gradually increase it from the current benchmark of 30% to 35% by the final year of the third mid-term plan. We will use DOE (dividend on equity ratio) as an indicator, targeting 2.5% by the final year of the third mid-term plan. Taking into account the progress of investments, we will conduct flexible share buybacks to enhance comprehensive shareholder returns. Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Cash Allocation 51 Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Nikke Group Materialities 52 Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Trends in the Number of Consolidated Companies in the Nikke Group 53 60 ※Number of Nikke Group companies as of the end of November each year Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Dividend Indicator 54 Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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Stock Price Chart（2024/12/1〜2025/11/30） 55 Comparison with the Nikkei Stock Average Nikkei Stock Average NIKKE Our Company Stock Price Chart Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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※Key Management Indicators➀ 56 Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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57 ※Key Management Indicators➁ （Unit: million yen） Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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58 ※Trends in Wool Raw Material Prices and Foreign Exchange Rates AUC￠/kg yen/US$ EMI（Australian Wool Eastern Market Price Indicator） ・ In the Textile & Clothing Materials business, we import approximately 15 to 20 million USD worth of wool annually, which is our primary raw material. ・Due to forward exchange contracts and maintaining a certain level of inventory, current exchange rate fluctuations do not directly impact our financial performance for this fiscal year. However, a depreciation of 1 yen results in an increase in procurement costs of approximately 15 to 20 million yen per year. (Reference) Impact of Exchange Rates Reference Materials About the Nikke Group Action to Implement Management that is Conscious of Cost of Capital and Stock Price Forecast for FY2026Consolidated Financial Results 2025
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59 Statements regarding performance forecasts, forecasts, business plans, etc. in this material have been prepared based on information available as of the date of this financial results announcement, and do not guarantee future performance. Regarding the handling of this material