Japan Wool Textile : Consolidated Financial Results for the Six Months Ended May 31, 2024

Consolidated Financial Results

for the Six Months Ended May 31, 2024

[Japanese GAAP]

										July 12, 2024
Company name: NIKKE（THE JAPAN WOOL TEXTILE CO., LTD.）
Stock exchange listing: Tokyo
Code number: 3201
URL: https://www.nikke.co.jp
Representative: Yutaka Nagaoka	President and Chief Executive Officer
Contact: Yasushi Ishida			General Manager, Finance and Accounting Department, Corporate Strategy Center
Phone: [phone]
Scheduled date of filing quarterly securities report: July 12, 2024
Scheduled date of commencing dividend payments: August 19, 2024
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(for analysts)
						(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended May 31, 2024 (December 1, 2023 to May 31, 2024)
(1) Consolidated Operating Results				(% indicates changes from the previous corresponding period.)
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
Six months ended	Millions of yen		%	Millions of yen		%	Millions of yen	%	Millions of yen		%
May 31, 2024	53,608		(1.7)	4,668		2.2	5,062	5.2	3,674		10.9
May 31, 2023	54,548		1.7	4,570		(11.9)	4,810	(17.2)	3,313		(13.1)

(Note) Comprehensive income:	Six months ended May 31, 2024:
	Six months ended May 31, 2023:

¥	6,855 million	[	59.0%]
¥	4,311 million	[	(10.1) %]

	Basic earnings		Diluted earnings per
	per share		share
Six months ended		Yen	Yen
May 31, 2024		53.30	-
May 31, 2023		46.86	-

(2) Consolidated Financial Position

	Total assets	Net assets	Capital adequacy ratio	Net assets per share
As of	Millions of yen	Millions of yen	%	Yen
May 31, 2024	173,712		119,543	68.2	1,718.80
November 30, 2023	166,129		114,135	68.1	1,638.62
(Reference) Equity: As of	May 31, 2024:	¥	118,530 million
As of	November 30, 2023:	¥	113,148 million

―1―

2. Dividends

				Annual dividends
	1st	2nd	3rd		Year-end	Total
	quarter-end	quarter-end	quarter-end
	Yen		Yen	Yen		Yen	Yen
Fiscal year ended November 30, 2023	-		14.00	-		19.00	33.00
Fiscal year ending November 30, 2024	-		16.00
Fiscal year ending November 30, 2024				-		20.00	36.00
(Forecast)
(Note) Revision to the forecast for dividends announced most recently:	No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending November 30, 2024(December 1, 2023 to November 30, 2024) (% indicates changes from the previous corresponding period.)

								Profit attributable	Basic earnings
	Net sales		Operating profit	Ordinary profit	to owners of
			per share
								parent
	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen		%	Yen
Full year	111,000		(2.2)	11,000	(0.1)	11,600	(0.3)	7,700		0.7	111.73

(Note) Revision to the financial results forecast announced most recently:

As announced in the timely disclosure of 12 December 2023, the Company repurchased its own shares during the financial year under review. "Net income per share" in the consolidated earnings forecast takes into account the impact of this share buyback.

* Notes:
(1) Changes in significant subsidiaries during the six months ended May 31, 2024
(changes in specified subsidiaries resulting in changes in scope of consolidation):	No
New	0	(Company name:		)
Exclusion:	0	(Company name:		)
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:	No

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: No
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

May 31, 2024:	76,278,858	shares
November 30, 2023:	78,478,858	shares
2) Number of treasury shares at the end of the period:
May 31, 2024:	7,318,061	shares
November 30, 2023:	9,427,728	shares

3) Average number of shares outstanding during the period:
Six months ended May 31, 2024:	68,940,343	shares
Six months ended May 31, 2023:	70,719,047	shares

*These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants or an audit firm. * Explanation on the proper use of financial results forecast and other notes

The financial results forecast presented in this document is based on information available to the Company as of the date of publication of this document, but actual results may differ from the financial results forecast due to various factors which cannot be foreseen.

―2―