Financials

Nikke (Japan Wool Textile): FYE Nov 2025 and ten years of results (51 metrics)

FYE Nov 2025 · Revenue¥119bnYoY +3.4%

FYE Nov 2025 · Operating profit¥12bnYoY +2.3%

FYE Nov 2025 · Net profit¥9.1bnYoY +1.3%

FYE Nov 2025 · Equity ratio69.4%YoY +1.1pp

FYE Nov 2025 · Group employees4,291YoY −208

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Nov 2016Consolidated	¥101bn	n/a	¥7.6bn	n/a	7.5%	¥5.0bn	Sato Mitsuyoshi	Renewal Nikke 130 vision; <a class="en-history_person" href="/tse/3201/executives/ceo/tomita-kazuya/" hreflang="ja">Tomita Kazuya</a> becomes president
FYE Nov 2017Consolidated	¥103bn	+2.5%	¥8.3bn	+9.6%	8.1%	¥5.3bn	Tomita Kazuya	—
FYE Nov 2018Consolidated	¥111bn	+6.8%	¥8.4bn	+0.2%	7.6%	¥5.3bn	Tomita Kazuya	—
FYE Nov 2019Consolidated	¥126bn	+14.4%	¥10bn	+25.1%	8.3%	¥6.5bn	Tomita Kazuya	Revenue ¥126.4bn — ahead of the first mid-term plan
FYE Nov 2020Consolidated	¥105bn	−17.0%	¥9.0bn	−13.6%	8.6%	¥7.1bn	Tomita Kazuya	—
FYE Nov 2021Consolidated	¥107bn	+1.6%	¥9.9bn	+9.4%	9.3%	¥8.3bn	Tomita Kazuya	—
FYE Nov 2022Consolidated	¥109bn	+2.3%	¥11bn	+8.2%	9.8%	¥7.3bn	Tomita Kazuya	—
FYE Nov 2023Consolidated	¥113bn	+4.1%	¥11bn	+2.9%	9.7%	¥7.6bn	Nagaoka Yutaka	Ambic and Fujikoh merged into F&A Nonwovens
FYE Nov 2024Consolidated	¥115bn	+1.7%	¥12bn	+5.7%	10.1%	¥9.0bn	Nagaoka Yutaka	Kankyo Techno and Kureha Tec acquired — nonwovens as third pillar
FYE Nov 2025Consolidated	¥119bn	+3.4%	¥12bn	+2.3%	10.0%	¥9.1bn	Nagaoka Yutaka	—

How it compares

Nisshinbo Holdings¥502bnFY2025Operating margin 5.3%Toyobo¥422bnFY2025Operating margin 6.6%Seiren¥172bnFY2025Operating margin 12.1%Kurabo Industries¥144bnFY2025Operating margin 6.4%

GUNZE LIMITED¥131bnFY2025Operating margin 3.7%

Nikke (Japan Wool Textile)¥119bnFY2025Operating margin 10.0%

Unitika¥119bnFY2025Operating margin 8.9%Nitto Boseki¥118bnFY2025Operating margin 17.6%

Maedakousen¥64bnFY2025Operating margin 18.8%

Fujibo Holdings¥46bnFY2025Operating margin 17.7%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Nov 2025 ¥119bn

CAGR · 10 yrs +1.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Nov 2016	101	n/a	Cons. · Japanese GAAP
FYE Nov 2017	103	+2.5%	Cons. · Japanese GAAP
FYE Nov 2018	111	+6.8%	Cons. · Japanese GAAP
FYE Nov 2019	126	+14.4%	Cons. · Japanese GAAP
FYE Nov 2020	105	−17.0%	Cons. · Japanese GAAP
FYE Nov 2021	107	+1.6%	Cons. · Japanese GAAP
FYE Nov 2022	109	+2.3%	Cons. · Japanese GAAP
FYE Nov 2023	113	+4.1%	Cons. · Japanese GAAP
FYE Nov 2024	115	+1.7%	Cons. · Japanese GAAP
FYE Nov 2025	119	+3.4%	Cons. · Japanese GAAP

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Nov 2025 ¥85bn

CAGR · 10 yrs +1.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Nov 2016	76.1	n/a	Cons. · Japanese GAAP
FYE Nov 2017	76.8	+0.9%	Cons. · Japanese GAAP
FYE Nov 2018	82.5	+7.5%	Cons. · Japanese GAAP
FYE Nov 2019	94.8	+14.9%	Cons. · Japanese GAAP
FYE Nov 2020	74.9	−21.0%	Cons. · Japanese GAAP
FYE Nov 2021	75.3	+0.6%	Cons. · Japanese GAAP
FYE Nov 2022	76.2	+1.2%	Cons. · Japanese GAAP
FYE Nov 2023	79.5	+4.2%	Cons. · Japanese GAAP
FYE Nov 2024	82.4	+3.7%	Cons. · Japanese GAAP
FYE Nov 2025	85.1	+3.2%	Cons. · Japanese GAAP

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Nov 2025 ¥34bn

CAGR · 10 yrs +3.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Nov 2016	24.9	n/a	Cons. · Japanese GAAP
FYE Nov 2017	26.7	+7.2%	Cons. · Japanese GAAP
FYE Nov 2018	28.0	+4.8%	Cons. · Japanese GAAP
FYE Nov 2019	31.6	+12.7%	Cons. · Japanese GAAP
FYE Nov 2020	30.0	−4.9%	Cons. · Japanese GAAP
FYE Nov 2021	31.3	+4.1%	Cons. · Japanese GAAP
FYE Nov 2022	32.8	+4.9%	Cons. · Japanese GAAP
FYE Nov 2023	34.0	+3.7%	Cons. · Japanese GAAP
FYE Nov 2024	33.0	−3.0%	Cons. · Japanese GAAP
FYE Nov 2025	34.3	+3.8%	Cons. · Japanese GAAP

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Nov 2025 ¥22bn

CAGR · 10 yrs +2.9%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Nov 2016	17.3	n/a	Cons. · Japanese GAAP
FYE Nov 2017	18.4	+6.2%	Cons. · Japanese GAAP
FYE Nov 2018	19.6	+6.9%	Cons. · Japanese GAAP
FYE Nov 2019	21.1	+7.4%	Cons. · Japanese GAAP
FYE Nov 2020	21.0	−0.6%	Cons. · Japanese GAAP
FYE Nov 2021	21.4	+1.9%	Cons. · Japanese GAAP
FYE Nov 2022	22.1	+3.4%	Cons. · Japanese GAAP
FYE Nov 2023	23.0	+4.1%	Cons. · Japanese GAAP
FYE Nov 2024	21.4	−7.1%	Cons. · Japanese GAAP
FYE Nov 2025	22.4	+4.6%	Cons. · Japanese GAAP

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Nov 2025 ¥12bn

CAGR · 10 yrs +5.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Nov 2016	7.6	n/a	Cons. · Japanese GAAP
FYE Nov 2017	8.3	+9.6%	Cons. · Japanese GAAP
FYE Nov 2018	8.4	+0.2%	Cons. · Japanese GAAP
FYE Nov 2019	10.5	+25.1%	Cons. · Japanese GAAP
FYE Nov 2020	9.0	−13.6%	Cons. · Japanese GAAP
FYE Nov 2021	9.9	+9.4%	Cons. · Japanese GAAP
FYE Nov 2022	10.7	+8.2%	Cons. · Japanese GAAP
FYE Nov 2023	11.0	+2.9%	Cons. · Japanese GAAP
FYE Nov 2024	11.6	+5.7%	Cons. · Japanese GAAP
FYE Nov 2025	11.9	+2.3%	Cons. · Japanese GAAP

Definition: What the core business earns
Formula: Gross profit − SG&A
Source: Securities report (XBRL)

Non-operating income

FYE Nov 2025 ¥1.7bn

CAGR · 10 yrs +5.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Nov 2016	1.0	n/a	Cons. · Japanese GAAP
FYE Nov 2017	1.1	+8.4%	Cons. · Japanese GAAP
FYE Nov 2018	1.3	+10.5%	Cons. · Japanese GAAP
FYE Nov 2019	1.2	−5.7%	Cons. · Japanese GAAP
FYE Nov 2020	4.1	+246.3%	Cons. · Japanese GAAP
FYE Nov 2021	1.0	−75.4%	Cons. · Japanese GAAP
FYE Nov 2022	1.8	+73.8%	Cons. · Japanese GAAP
FYE Nov 2023	1.1	−40.0%	Cons. · Japanese GAAP
FYE Nov 2024	1.0	−6.6%	Cons. · Japanese GAAP
FYE Nov 2025	1.7	+72.1%	Cons. · Japanese GAAP

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Nov 2025 ¥0.6bn

CAGR · 10 yrs −5.1%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Nov 2016	1.0	n/a	Cons. · Japanese GAAP
FYE Nov 2017	0.4	−61.3%	Cons. · Japanese GAAP
FYE Nov 2018	0.5	+25.1%	Cons. · Japanese GAAP
FYE Nov 2019	0.5	−0.6%	Cons. · Japanese GAAP
FYE Nov 2020	0.5	−0.0%	Cons. · Japanese GAAP
FYE Nov 2021	1.1	+129.6%	Cons. · Japanese GAAP
FYE Nov 2022	0.7	−33.7%	Cons. · Japanese GAAP
FYE Nov 2023	0.4	−41.8%	Cons. · Japanese GAAP
FYE Nov 2024	0.5	+21.2%	Cons. · Japanese GAAP
FYE Nov 2025	0.6	+21.3%	Cons. · Japanese GAAP

Definition: Costs arising outside the core business
Formula: Non-operating expenses line of the income statement
Source: Securities report (XBRL)

Ordinary profit keijo rieki

FYE Nov 2025 ¥13bn

CAGR · 10 yrs +6.0%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Nov 2016	7.6	n/a	Cons. · Japanese GAAP
FYE Nov 2017	9.1	+18.8%	Cons. · Japanese GAAP
FYE Nov 2018	9.1	+0.4%	Cons. · Japanese GAAP
FYE Nov 2019	11.2	+22.3%	Cons. · Japanese GAAP
FYE Nov 2020	12.7	+13.3%	Cons. · Japanese GAAP
FYE Nov 2021	9.8	−22.7%	Cons. · Japanese GAAP
FYE Nov 2022	11.7	+19.7%	Cons. · Japanese GAAP
FYE Nov 2023	11.6	−0.7%	Cons. · Japanese GAAP
FYE Nov 2024	12.1	+4.0%	Cons. · Japanese GAAP
FYE Nov 2025	13.0	+7.2%	Cons. · Japanese GAAP

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Extraordinary income

FYE Nov 2025 ¥1.2bn

CAGR · 10 yrs +1.1%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Nov 2016	1.1	n/a	Cons. · Japanese GAAP
FYE Nov 2017	0.4	−65.7%	Cons. · Japanese GAAP
FYE Nov 2018	1.2	+239.7%	Cons. · Japanese GAAP
FYE Nov 2019	0.9	−30.4%	Cons. · Japanese GAAP
FYE Nov 2020	0.8	−10.7%	Cons. · Japanese GAAP
FYE Nov 2021	8.0	+940.1%	Cons. · Japanese GAAP
FYE Nov 2022	0.6	−92.1%	Cons. · Japanese GAAP
FYE Nov 2023	1.0	+60.6%	Cons. · Japanese GAAP
FYE Nov 2024	1.3	+30.8%	Cons. · Japanese GAAP
FYE Nov 2025	1.2	−11.4%	Cons. · Japanese GAAP

Definition: One-off gains, such as an asset sale
Formula: Extraordinary income line of the income statement
Source: Securities report (XBRL)

Extraordinary loss

FYE Nov 2025 n/a

CAGR · 4 yrs +82.1%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Nov 2016	1.1	n/a	Cons. · Japanese GAAP
FYE Nov 2017	1.4	+25.4%	Cons. · Japanese GAAP
FYE Nov 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Nov 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Nov 2020	3.4	n/a	Cons. · Japanese GAAP
FYE Nov 2021	6.8	+100.8%	Cons. · Japanese GAAP
FYE Nov 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Nov 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Nov 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Nov 2025	n/a	n/a	Cons. · Japanese GAAP

Definition: One-off losses, such as an impairment or a restructuring charge
Formula: Extraordinary loss line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Nov 2025 ¥9.1bn

CAGR · 10 yrs +6.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Nov 2016	5.0	n/a	Cons. · Japanese GAAP
FYE Nov 2017	5.3	+5.4%	Cons. · Japanese GAAP
FYE Nov 2018	5.3	+0.1%	Cons. · Japanese GAAP
FYE Nov 2019	6.5	+23.6%	Cons. · Japanese GAAP
FYE Nov 2020	7.1	+9.2%	Cons. · Japanese GAAP
FYE Nov 2021	8.3	+16.7%	Cons. · Japanese GAAP
FYE Nov 2022	7.3	−12.3%	Cons. · Japanese GAAP
FYE Nov 2023	7.6	+4.9%	Cons. · Japanese GAAP
FYE Nov 2024	9.0	+17.4%	Cons. · Japanese GAAP
FYE Nov 2025	9.1	+1.3%	Cons. · Japanese GAAP

Definition: What is left after tax
Formula: Pre-tax profit − income taxes
Source: Securities report (XBRL)

Gross margin

FYE Nov 2025 28.7%

Average · 10 yrs 27.6%

Fiscal year	Gross margin %	YoY	Basis
FYE Nov 2016	24.7	n/a	Cons. · Japanese GAAP
FYE Nov 2017	25.8	+1.1pp	Cons. · Japanese GAAP
FYE Nov 2018	25.3	−0.5pp	Cons. · Japanese GAAP
FYE Nov 2019	25.0	−0.4pp	Cons. · Japanese GAAP
FYE Nov 2020	28.6	+3.6pp	Cons. · Japanese GAAP
FYE Nov 2021	29.3	+0.7pp	Cons. · Japanese GAAP
FYE Nov 2022	30.1	+0.7pp	Cons. · Japanese GAAP
FYE Nov 2023	30.0	−0.1pp	Cons. · Japanese GAAP
FYE Nov 2024	28.6	−1.4pp	Cons. · Japanese GAAP
FYE Nov 2025	28.7	+0.1pp	Cons. · Japanese GAAP

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Nov 2025 10.0%

Average · 10 yrs 8.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Nov 2016	7.5	n/a	Cons. · Japanese GAAP
FYE Nov 2017	8.1	+0.5pp	Cons. · Japanese GAAP
FYE Nov 2018	7.6	−0.5pp	Cons. · Japanese GAAP
FYE Nov 2019	8.3	+0.7pp	Cons. · Japanese GAAP
FYE Nov 2020	8.6	+0.3pp	Cons. · Japanese GAAP
FYE Nov 2021	9.3	+0.7pp	Cons. · Japanese GAAP
FYE Nov 2022	9.8	+0.5pp	Cons. · Japanese GAAP
FYE Nov 2023	9.7	−0.1pp	Cons. · Japanese GAAP
FYE Nov 2024	10.1	+0.4pp	Cons. · Japanese GAAP
FYE Nov 2025	10.0	−0.1pp	Cons. · Japanese GAAP

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Ordinary margin

FYE Nov 2025 10.9%

Average · 10 yrs 9.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Nov 2016	7.6	n/a	Cons. · Japanese GAAP
FYE Nov 2017	8.8	+1.2pp	Cons. · Japanese GAAP
FYE Nov 2018	8.3	−0.5pp	Cons. · Japanese GAAP
FYE Nov 2019	8.8	+0.6pp	Cons. · Japanese GAAP
FYE Nov 2020	12.1	+3.2pp	Cons. · Japanese GAAP
FYE Nov 2021	9.2	−2.9pp	Cons. · Japanese GAAP
FYE Nov 2022	10.7	+1.6pp	Cons. · Japanese GAAP
FYE Nov 2023	10.3	−0.5pp	Cons. · Japanese GAAP
FYE Nov 2024	10.5	+0.2pp	Cons. · Japanese GAAP
FYE Nov 2025	10.9	+0.4pp	Cons. · Japanese GAAP

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Nov 2025 7.6%

Average · 10 yrs 6.3%

Fiscal year	Net margin %	YoY	Basis
FYE Nov 2016	5.0	n/a	Cons. · Japanese GAAP
FYE Nov 2017	5.1	+0.1pp	Cons. · Japanese GAAP
FYE Nov 2018	4.8	−0.3pp	Cons. · Japanese GAAP
FYE Nov 2019	5.2	+0.4pp	Cons. · Japanese GAAP
FYE Nov 2020	6.8	+1.6pp	Cons. · Japanese GAAP
FYE Nov 2021	7.8	+1.0pp	Cons. · Japanese GAAP
FYE Nov 2022	6.7	−1.1pp	Cons. · Japanese GAAP
FYE Nov 2023	6.7	+0.1pp	Cons. · Japanese GAAP
FYE Nov 2024	7.8	+1.0pp	Cons. · Japanese GAAP
FYE Nov 2025	7.6	−0.2pp	Cons. · Japanese GAAP

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Nov 2025 71.3%

Average · 10 yrs 72.4%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Nov 2016	75.3	n/a	Cons. · Japanese GAAP
FYE Nov 2017	74.2	−1.1pp	Cons. · Japanese GAAP
FYE Nov 2018	74.7	+0.5pp	Cons. · Japanese GAAP
FYE Nov 2019	75.0	+0.4pp	Cons. · Japanese GAAP
FYE Nov 2020	71.4	−3.6pp	Cons. · Japanese GAAP
FYE Nov 2021	70.7	−0.7pp	Cons. · Japanese GAAP
FYE Nov 2022	69.9	−0.7pp	Cons. · Japanese GAAP
FYE Nov 2023	70.0	+0.1pp	Cons. · Japanese GAAP
FYE Nov 2024	71.4	+1.4pp	Cons. · Japanese GAAP
FYE Nov 2025	71.3	−0.1pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Nov 2025 18.7%

Average · 10 yrs 18.7%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Nov 2016	17.1	n/a	Cons. · Japanese GAAP
FYE Nov 2017	17.8	+0.6pp	Cons. · Japanese GAAP
FYE Nov 2018	17.8	−0.0pp	Cons. · Japanese GAAP
FYE Nov 2019	16.7	−1.1pp	Cons. · Japanese GAAP
FYE Nov 2020	20.0	+3.3pp	Cons. · Japanese GAAP
FYE Nov 2021	20.1	−0.0pp	Cons. · Japanese GAAP
FYE Nov 2022	20.3	+0.2pp	Cons. · Japanese GAAP
FYE Nov 2023	20.3	−0.0pp	Cons. · Japanese GAAP
FYE Nov 2024	18.5	−1.8pp	Cons. · Japanese GAAP
FYE Nov 2025	18.7	+0.2pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Nov 2025 ¥190bn

CAGR · 10 yrs +4.2%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Nov 2016	131	n/a	Cons. · Japanese GAAP
FYE Nov 2017	140	+7.3%	Cons. · Japanese GAAP
FYE Nov 2018	142	+1.0%	Cons. · Japanese GAAP
FYE Nov 2019	149	+5.0%	Cons. · Japanese GAAP
FYE Nov 2020	147	−1.0%	Cons. · Japanese GAAP
FYE Nov 2021	164	+11.2%	Cons. · Japanese GAAP
FYE Nov 2022	163	−0.2%	Cons. · Japanese GAAP
FYE Nov 2023	166	+1.7%	Cons. · Japanese GAAP
FYE Nov 2024	180	+8.3%	Cons. · Japanese GAAP
FYE Nov 2025	190	+5.5%	Cons. · Japanese GAAP

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Nov 2025 ¥132bn

CAGR · 10 yrs +5.5%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Nov 2016	81.2	n/a	Cons. · Japanese GAAP
FYE Nov 2017	88.0	+8.4%	Cons. · Japanese GAAP
FYE Nov 2018	88.2	+0.2%	Cons. · Japanese GAAP
FYE Nov 2019	91.9	+4.3%	Cons. · Japanese GAAP
FYE Nov 2020	93.9	+2.2%	Cons. · Japanese GAAP
FYE Nov 2021	103	+9.6%	Cons. · Japanese GAAP
FYE Nov 2022	107	+3.6%	Cons. · Japanese GAAP
FYE Nov 2023	113	+6.1%	Cons. · Japanese GAAP
FYE Nov 2024	123	+8.5%	Cons. · Japanese GAAP
FYE Nov 2025	132	+7.2%	Cons. · Japanese GAAP

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Nov 2025 ¥14bn

CAGR · 10 yrs −0.9%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Nov 2016	15.4	n/a	Cons. · Japanese GAAP
FYE Nov 2017	16.6	+7.7%	Cons. · Japanese GAAP
FYE Nov 2018	18.0	+8.5%	Cons. · Japanese GAAP
FYE Nov 2019	17.4	−3.6%	Cons. · Japanese GAAP
FYE Nov 2020	20.8	+19.6%	Cons. · Japanese GAAP
FYE Nov 2021	20.9	+0.7%	Cons. · Japanese GAAP
FYE Nov 2022	19.2	−8.3%	Cons. · Japanese GAAP
FYE Nov 2023	14.5	−24.2%	Cons. · Japanese GAAP
FYE Nov 2024	13.0	−10.2%	Cons. · Japanese GAAP
FYE Nov 2025	14.2	+8.9%	Cons. · Japanese GAAP

Definition: Borrowings the company pays interest on
Formula: Loans + bonds + lease obligations
Source: Securities report (XBRL)

Short-term borrowings

FYE Nov 2025 ¥12bn

CAGR · 10 yrs +0.4%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Nov 2016	11.2	n/a	Cons. · Japanese GAAP
FYE Nov 2017	14.1	+26.5%	Cons. · Japanese GAAP
FYE Nov 2018	16.7	+18.3%	Cons. · Japanese GAAP
FYE Nov 2019	13.8	−17.7%	Cons. · Japanese GAAP
FYE Nov 2020	17.1	+24.4%	Cons. · Japanese GAAP
FYE Nov 2021	16.7	−2.2%	Cons. · Japanese GAAP
FYE Nov 2022	16.3	−2.6%	Cons. · Japanese GAAP
FYE Nov 2023	12.6	−23.0%	Cons. · Japanese GAAP
FYE Nov 2024	11.9	−5.5%	Cons. · Japanese GAAP
FYE Nov 2025	11.6	−2.2%	Cons. · Japanese GAAP

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Nov 2025 ¥2.6bn

CAGR · 10 yrs −5.3%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Nov 2016	4.2	n/a	Cons. · Japanese GAAP
FYE Nov 2017	2.5	−41.9%	Cons. · Japanese GAAP
FYE Nov 2018	1.3	−48.3%	Cons. · Japanese GAAP
FYE Nov 2019	3.6	+181.7%	Cons. · Japanese GAAP
FYE Nov 2020	3.6	+1.5%	Cons. · Japanese GAAP
FYE Nov 2021	4.2	+14.0%	Cons. · Japanese GAAP
FYE Nov 2022	2.9	−31.4%	Cons. · Japanese GAAP
FYE Nov 2023	2.0	−31.0%	Cons. · Japanese GAAP
FYE Nov 2024	1.2	−40.5%	Cons. · Japanese GAAP
FYE Nov 2025	2.6	+122.2%	Cons. · Japanese GAAP

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Nov 2025 ¥1.9bn

CAGR · 10 yrs +3.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Nov 2016	1.3	n/a	Cons. · Japanese GAAP
FYE Nov 2017	1.6	+19.1%	Cons. · Japanese GAAP
FYE Nov 2018	2.7	+71.4%	Cons. · Japanese GAAP
FYE Nov 2019	2.1	−22.7%	Cons. · Japanese GAAP
FYE Nov 2020	1.8	−14.6%	Cons. · Japanese GAAP
FYE Nov 2021	1.5	−19.5%	Cons. · Japanese GAAP
FYE Nov 2022	1.1	−24.6%	Cons. · Japanese GAAP
FYE Nov 2023	1.8	+61.5%	Cons. · Japanese GAAP
FYE Nov 2024	1.6	−9.6%	Cons. · Japanese GAAP
FYE Nov 2025	1.9	+15.9%	Cons. · Japanese GAAP

Definition: Assets with no physical form
Formula: Intangible assets line of the balance sheet
Source: Securities report (XBRL)

Goodwill

FYE Nov 2025 ¥0.4bn

CAGR · 10 yrs −2.4%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Nov 2016	0.5	n/a	Cons. · Japanese GAAP
FYE Nov 2017	0.7	+35.0%	Cons. · Japanese GAAP
FYE Nov 2018	1.7	+131.8%	Cons. · Japanese GAAP
FYE Nov 2019	1.4	−17.3%	Cons. · Japanese GAAP
FYE Nov 2020	1.1	−22.9%	Cons. · Japanese GAAP
FYE Nov 2021	0.8	−27.7%	Cons. · Japanese GAAP
FYE Nov 2022	0.4	−52.2%	Cons. · Japanese GAAP
FYE Nov 2023	1.0	+153.7%	Cons. · Japanese GAAP
FYE Nov 2024	0.6	−34.5%	Cons. · Japanese GAAP
FYE Nov 2025	0.4	−29.6%	Cons. · Japanese GAAP

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Nov 2025 69.4%

Average · 10 yrs 64.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Nov 2016	62.2	n/a	Cons. · Japanese GAAP
FYE Nov 2017	62.8	+0.6pp	Cons. · Japanese GAAP
FYE Nov 2018	62.2	−0.5pp	Cons. · Japanese GAAP
FYE Nov 2019	61.8	−0.4pp	Cons. · Japanese GAAP
FYE Nov 2020	63.8	+2.0pp	Cons. · Japanese GAAP
FYE Nov 2021	62.9	−0.9pp	Cons. · Japanese GAAP
FYE Nov 2022	65.3	+2.4pp	Cons. · Japanese GAAP
FYE Nov 2023	68.1	+2.8pp	Cons. · Japanese GAAP
FYE Nov 2024	68.2	+0.1pp	Cons. · Japanese GAAP
FYE Nov 2025	69.4	+1.1pp	Cons. · Japanese GAAP

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Nov 2025 10.8%

Average · 10 yrs 17.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Nov 2016	19.0	n/a	Cons. · Japanese GAAP
FYE Nov 2017	18.9	−0.1pp	Cons. · Japanese GAAP
FYE Nov 2018	20.4	+1.6pp	Cons. · Japanese GAAP
FYE Nov 2019	18.9	−1.5pp	Cons. · Japanese GAAP
FYE Nov 2020	22.1	+3.2pp	Cons. · Japanese GAAP
FYE Nov 2021	20.3	−1.8pp	Cons. · Japanese GAAP
FYE Nov 2022	18.0	−2.3pp	Cons. · Japanese GAAP
FYE Nov 2023	12.8	−5.1pp	Cons. · Japanese GAAP
FYE Nov 2024	10.6	−2.2pp	Cons. · Japanese GAAP
FYE Nov 2025	10.8	+0.2pp	Cons. · Japanese GAAP

Definition: Borrowings measured against the company's own capital
Formula: Interest-bearing debt ÷ equity
Source: Securities report (XBRL)

ROE return on equity

FYE Nov 2025 6.9%

Average · 10 yrs 6.9%

Fiscal year	ROE %	YoY	Basis
FYE Nov 2016	6.2	n/a	Cons. · Japanese GAAP
FYE Nov 2017	6.0	−0.2pp	Cons. · Japanese GAAP
FYE Nov 2018	6.0	−0.0pp	Cons. · Japanese GAAP
FYE Nov 2019	7.1	+1.1pp	Cons. · Japanese GAAP
FYE Nov 2020	7.6	+0.5pp	Cons. · Japanese GAAP
FYE Nov 2021	8.1	+0.5pp	Cons. · Japanese GAAP
FYE Nov 2022	6.8	−1.2pp	Cons. · Japanese GAAP
FYE Nov 2023	6.8	−0.1pp	Cons. · Japanese GAAP
FYE Nov 2024	7.3	+0.5pp	Cons. · Japanese GAAP
FYE Nov 2025	6.9	−0.4pp	Cons. · Japanese GAAP

Definition: What the shareholders' capital earns
Formula: Net profit ÷ equity
Source: Securities report (XBRL)

ROA return on assets

FYE Nov 2025 4.8%

Average · 10 yrs 4.4%

Fiscal year	ROA %	YoY	Basis
FYE Nov 2016	3.8	n/a	Cons. · Japanese GAAP
FYE Nov 2017	3.8	−0.1pp	Cons. · Japanese GAAP
FYE Nov 2018	3.7	−0.0pp	Cons. · Japanese GAAP
FYE Nov 2019	4.4	+0.7pp	Cons. · Japanese GAAP
FYE Nov 2020	4.8	+0.5pp	Cons. · Japanese GAAP
FYE Nov 2021	5.1	+0.2pp	Cons. · Japanese GAAP
FYE Nov 2022	4.5	−0.6pp	Cons. · Japanese GAAP
FYE Nov 2023	4.6	+0.1pp	Cons. · Japanese GAAP
FYE Nov 2024	5.0	+0.4pp	Cons. · Japanese GAAP
FYE Nov 2025	4.8	−0.2pp	Cons. · Japanese GAAP

Definition: What the whole balance sheet earns
Formula: Net profit ÷ total assets
Source: Securities report (XBRL)

Asset turnover

FYE Nov 2025 0.63×

CAGR · 10 yrs −2.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Nov 2016	0.77	n/a	Cons. · Japanese GAAP
FYE Nov 2017	0.74	−4.5%	Cons. · Japanese GAAP
FYE Nov 2018	0.78	+5.7%	Cons. · Japanese GAAP
FYE Nov 2019	0.85	+8.9%	Cons. · Japanese GAAP
FYE Nov 2020	0.71	−16.1%	Cons. · Japanese GAAP
FYE Nov 2021	0.65	−8.6%	Cons. · Japanese GAAP
FYE Nov 2022	0.67	+2.4%	Cons. · Japanese GAAP
FYE Nov 2023	0.68	+2.4%	Cons. · Japanese GAAP
FYE Nov 2024	0.64	−6.1%	Cons. · Japanese GAAP
FYE Nov 2025	0.63	−1.9%	Cons. · Japanese GAAP

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Nov 2025 ¥12bn

CAGR · 10 yrs +2.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Nov 2016	9.5	n/a	Cons. · Japanese GAAP
FYE Nov 2017	9.2	−3.2%	Cons. · Japanese GAAP
FYE Nov 2018	5.8	−36.9%	Cons. · Japanese GAAP
FYE Nov 2019	13.7	+135.6%	Cons. · Japanese GAAP
FYE Nov 2020	11.3	−17.4%	Cons. · Japanese GAAP
FYE Nov 2021	12.4	+9.6%	Cons. · Japanese GAAP
FYE Nov 2022	9.4	−23.8%	Cons. · Japanese GAAP
FYE Nov 2023	9.0	−4.8%	Cons. · Japanese GAAP
FYE Nov 2024	10.2	+12.9%	Cons. · Japanese GAAP
FYE Nov 2025	12.1	+19.5%	Cons. · Japanese GAAP

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Nov 2025 -¥9.3bn

Average · 10 yrs -¥5.1bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Nov 2016	-6.6	n/a	Cons. · Japanese GAAP
FYE Nov 2017	-6.7	n/a	Cons. · Japanese GAAP
FYE Nov 2018	-2.9	n/a	Cons. · Japanese GAAP
FYE Nov 2019	-3.1	n/a	Cons. · Japanese GAAP
FYE Nov 2020	-6.2	n/a	Cons. · Japanese GAAP
FYE Nov 2021	-2.1	n/a	Cons. · Japanese GAAP
FYE Nov 2022	-6.9	n/a	Cons. · Japanese GAAP
FYE Nov 2023	1.0	n/a	Cons. · Japanese GAAP
FYE Nov 2024	-7.9	−893.5%	Cons. · Japanese GAAP
FYE Nov 2025	-9.3	n/a	Cons. · Japanese GAAP

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Nov 2025 -¥5.1bn

Average · 10 yrs -¥3.9bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Nov 2016	-3.4	n/a	Cons. · Japanese GAAP
FYE Nov 2017	-0.7	n/a	Cons. · Japanese GAAP
FYE Nov 2018	-1.5	n/a	Cons. · Japanese GAAP
FYE Nov 2019	-2.9	n/a	Cons. · Japanese GAAP
FYE Nov 2020	-0.4	n/a	Cons. · Japanese GAAP
FYE Nov 2021	-1.5	n/a	Cons. · Japanese GAAP
FYE Nov 2022	-9.5	n/a	Cons. · Japanese GAAP
FYE Nov 2023	-9.8	n/a	Cons. · Japanese GAAP
FYE Nov 2024	-4.2	n/a	Cons. · Japanese GAAP
FYE Nov 2025	-5.1	n/a	Cons. · Japanese GAAP

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Nov 2025 ¥31bn

CAGR · 10 yrs +9.1%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Nov 2016	14.3	n/a	Cons. · Japanese GAAP
FYE Nov 2017	16.0	+11.8%	Cons. · Japanese GAAP
FYE Nov 2018	17.4	+9.2%	Cons. · Japanese GAAP
FYE Nov 2019	25.0	+43.5%	Cons. · Japanese GAAP
FYE Nov 2020	29.9	+19.6%	Cons. · Japanese GAAP
FYE Nov 2021	41.1	+37.2%	Cons. · Japanese GAAP
FYE Nov 2022	34.4	−16.3%	Cons. · Japanese GAAP
FYE Nov 2023	35.3	+2.7%	Cons. · Japanese GAAP
FYE Nov 2024	33.4	−5.3%	Cons. · Japanese GAAP
FYE Nov 2025	31.3	−6.4%	Cons. · Japanese GAAP

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Nov 2025 ¥2.9bn

CAGR · 10 yrs −0.1%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Nov 2016	2.9	n/a	Cons. · Japanese GAAP
FYE Nov 2017	2.5	−14.1%	Cons. · Japanese GAAP
FYE Nov 2018	2.9	+14.7%	Cons. · Japanese GAAP
FYE Nov 2019	10.6	+266.5%	Cons. · Japanese GAAP
FYE Nov 2020	5.1	−51.8%	Cons. · Japanese GAAP
FYE Nov 2021	10.3	+102.6%	Cons. · Japanese GAAP
FYE Nov 2022	2.6	−75.1%	Cons. · Japanese GAAP
FYE Nov 2023	10.0	+288.4%	Cons. · Japanese GAAP
FYE Nov 2024	2.3	−76.9%	Cons. · Japanese GAAP
FYE Nov 2025	2.9	+25.3%	Cons. · Japanese GAAP

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Nov 2025 10.2%

Average · 10 yrs 9.2%

Fiscal year	OCF margin %	YoY	Basis
FYE Nov 2016	9.4	n/a	Cons. · Japanese GAAP
FYE Nov 2017	8.9	−0.5pp	Cons. · Japanese GAAP
FYE Nov 2018	5.3	−3.6pp	Cons. · Japanese GAAP
FYE Nov 2019	10.8	+5.6pp	Cons. · Japanese GAAP
FYE Nov 2020	10.8	−0.0pp	Cons. · Japanese GAAP
FYE Nov 2021	11.6	+0.8pp	Cons. · Japanese GAAP
FYE Nov 2022	8.7	−3.0pp	Cons. · Japanese GAAP
FYE Nov 2023	7.9	−0.7pp	Cons. · Japanese GAAP
FYE Nov 2024	8.8	+0.9pp	Cons. · Japanese GAAP
FYE Nov 2025	10.2	+1.4pp	Cons. · Japanese GAAP

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Nov 2025 ¥17bn

Average · 10 yrs ¥11bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Nov 2016	-1.1	n/a	Cons. · Japanese GAAP
FYE Nov 2017	-0.7	n/a	Cons. · Japanese GAAP
FYE Nov 2018	-0.6	n/a	Cons. · Japanese GAAP
FYE Nov 2019	7.7	n/a	Cons. · Japanese GAAP
FYE Nov 2020	9.2	+19.7%	Cons. · Japanese GAAP
FYE Nov 2021	20.2	+119.8%	Cons. · Japanese GAAP
FYE Nov 2022	15.2	−24.5%	Cons. · Japanese GAAP
FYE Nov 2023	20.8	+36.6%	Cons. · Japanese GAAP
FYE Nov 2024	20.4	−1.9%	Cons. · Japanese GAAP
FYE Nov 2025	17.1	−16.2%	Cons. · Japanese GAAP

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Nov 2025 ¥134bn

Change · 10 yrs +¥65bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Nov 2016	69.2	n/a
FYE Nov 2017	85.8	n/a
FYE Nov 2018	79.5	n/a
FYE Nov 2019	91.9	n/a
FYE Nov 2020	91.3	n/a
FYE Nov 2021	72.7	n/a
FYE Nov 2022	79.1	n/a
FYE Nov 2023	102	n/a
FYE Nov 2024	95.0	n/a
FYE Nov 2025	134	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Nov 2025 1,809¥

Change · 10 yrs +1,009¥

Fiscal year	Share price ¥	Basis
FYE Nov 2016	800	n/a
FYE Nov 2017	992	n/a
FYE Nov 2018	919	n/a
FYE Nov 2019	1,063	n/a
FYE Nov 2020	1,056	n/a
FYE Nov 2021	841	n/a
FYE Nov 2022	1,008	n/a
FYE Nov 2023	1,295	n/a
FYE Nov 2024	1,245	n/a
FYE Nov 2025	1,809	n/a

Definition: The closing price on the last day of the fiscal year
Formula: Year-end closing price
Source: Securities report (XBRL)

Shares outstanding

FYE Nov 2025 74,278,000shares

Change · 10 yrs −12,200,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Nov 2016	86,478,000	Parent
FYE Nov 2017	86,478,000	Parent
FYE Nov 2018	86,478,000	Parent
FYE Nov 2019	86,478,000	Parent
FYE Nov 2020	86,478,000	Parent
FYE Nov 2021	86,478,000	Parent
FYE Nov 2022	78,478,000	Parent
FYE Nov 2023	78,478,000	Parent
FYE Nov 2024	76,278,000	Parent
FYE Nov 2025	74,278,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Nov 2025 132.27¥

Change · 10 yrs +64.39¥

Fiscal year	EPS ¥	Basis
FYE Nov 2016	67.88	Cons.
FYE Nov 2017	71.52	Cons.
FYE Nov 2018	72.26	Cons.
FYE Nov 2019	89.70	Cons.
FYE Nov 2020	98.57	Cons.
FYE Nov 2021	115.07	Cons.
FYE Nov 2022	100.54	Cons.
FYE Nov 2023	108.55	Cons.
FYE Nov 2024	130.10	Cons.
FYE Nov 2025	132.27	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Nov 2025 1,772.45¥

Change · 10 yrs +833.41¥

Fiscal year	BPS ¥	Basis
FYE Nov 2016	939.04	Cons. · Japanese GAAP
FYE Nov 2017	1,017.82	Cons. · Japanese GAAP
FYE Nov 2018	1,019.40	Cons. · Japanese GAAP
FYE Nov 2019	1,062.81	Cons. · Japanese GAAP
FYE Nov 2020	1,086.07	Cons. · Japanese GAAP
FYE Nov 2021	1,190.34	Cons. · Japanese GAAP
FYE Nov 2022	1,358.74	Cons. · Japanese GAAP
FYE Nov 2023	1,441.78	Cons. · Japanese GAAP
FYE Nov 2024	1,609.90	Cons. · Japanese GAAP
FYE Nov 2025	1,772.45	Cons. · Japanese GAAP

Definition: Equity behind each share
Formula: Equity ÷ shares outstanding
Source: Securities report (XBRL)

PER price-to-earnings ratio

FYE Nov 2025 13.68×

Average · 10 yrs 11.35×

Fiscal year	PER ×	Basis
FYE Nov 2016	11.79	Cons.
FYE Nov 2017	13.87	Cons.
FYE Nov 2018	12.72	Cons.
FYE Nov 2019	11.85	Cons.
FYE Nov 2020	10.71	Cons.
FYE Nov 2021	7.31	Cons.
FYE Nov 2022	10.03	Cons.
FYE Nov 2023	11.93	Cons.
FYE Nov 2024	9.57	Cons.
FYE Nov 2025	13.68	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Nov 2025 0.92×

Average · 10 yrs 0.77×

Fiscal year	PBR ×	Basis
FYE Nov 2016	0.73	Cons.
FYE Nov 2017	0.83	Cons.
FYE Nov 2018	0.76	Cons.
FYE Nov 2019	0.84	Cons.
FYE Nov 2020	0.81	Cons.
FYE Nov 2021	0.60	Cons.
FYE Nov 2022	0.67	Cons.
FYE Nov 2023	0.79	Cons.
FYE Nov 2024	0.70	Cons.
FYE Nov 2025	0.92	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Nov 2025 4,291people

Change · 10 yrs −403 people

Fiscal year	Group employees people	YoY	Basis
FYE Nov 2016	4,694	n/a	Cons.
FYE Nov 2017	4,899	+4.4%	Cons.
FYE Nov 2018	5,077	+3.6%	Cons.
FYE Nov 2019	5,096	+0.4%	Cons.
FYE Nov 2020	4,770	−6.4%	Cons.
FYE Nov 2021	5,126	+7.5%	Cons.
FYE Nov 2022	5,025	−2.0%	Cons.
FYE Nov 2023	4,159	−17.2%	Cons.
FYE Nov 2024	4,499	+8.2%	Cons.
FYE Nov 2025	4,291	−4.6%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Nov 2025 497people

Change · 10 yrs −26 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Nov 2016	523	n/a	Parent
FYE Nov 2017	510	−2.5%	Parent
FYE Nov 2018	515	+1.0%	Parent
FYE Nov 2019	491	−4.7%	Parent
FYE Nov 2020	504	+2.6%	Parent
FYE Nov 2021	501	−0.6%	Parent
FYE Nov 2022	488	−2.6%	Parent
FYE Nov 2023	487	−0.2%	Parent
FYE Nov 2024	503	+3.3%	Parent
FYE Nov 2025	497	−1.2%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Nov 2025 580万円

Change · 7 yrs +35万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Nov 2016	n/a	n/a	Parent
FYE Nov 2017	n/a	n/a	Parent
FYE Nov 2018	n/a	n/a	Parent
FYE Nov 2019	545	n/a	Parent
FYE Nov 2020	528	−3.1%	Parent
FYE Nov 2021	538	+1.9%	Parent
FYE Nov 2022	522	−3.0%	Parent
FYE Nov 2023	561	+7.5%	Parent
FYE Nov 2024	569	+1.4%	Parent
FYE Nov 2025	580	+2.1%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Nov 2025 45.4years

Change · 7 yrs +1.0 years

Fiscal year	Average age years	YoY	Basis
FYE Nov 2016	n/a	n/a	Parent
FYE Nov 2017	n/a	n/a	Parent
FYE Nov 2018	n/a	n/a	Parent
FYE Nov 2019	44.4	n/a	Parent
FYE Nov 2020	44.3	−0.2%	Parent
FYE Nov 2021	44.7	+0.9%	Parent
FYE Nov 2022	45.2	+1.1%	Parent
FYE Nov 2023	45.5	+0.7%	Parent
FYE Nov 2024	45.8	+0.7%	Parent
FYE Nov 2025	45.4	−0.9%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Nov 2025 15.7years

Change · 7 yrs −0.1 years

Fiscal year	Average length of service years	YoY	Basis
FYE Nov 2016	n/a	n/a	Parent
FYE Nov 2017	n/a	n/a	Parent
FYE Nov 2018	n/a	n/a	Parent
FYE Nov 2019	15.8	n/a	Parent
FYE Nov 2020	15.9	+0.6%	Parent
FYE Nov 2021	16.5	+3.8%	Parent
FYE Nov 2022	16.7	+1.2%	Parent
FYE Nov 2023	16.7	−0.0%	Parent
FYE Nov 2024	16.5	−1.2%	Parent
FYE Nov 2025	15.7	−4.8%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Temporary employees

FYE Nov 2025 417people

Change · 10 yrs −310 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Nov 2016	727	n/a	n/a
FYE Nov 2017	689	−5.2%	n/a
FYE Nov 2018	632	−8.3%	n/a
FYE Nov 2019	636	+0.6%	n/a
FYE Nov 2020	597	−6.1%	n/a
FYE Nov 2021	602	+0.8%	n/a
FYE Nov 2022	510	−15.3%	n/a
FYE Nov 2023	502	−1.6%	n/a
FYE Nov 2024	461	−8.2%	n/a
FYE Nov 2025	417	−9.5%	n/a

Definition: Average number of temporary and part-time staff over the year
Formula: Average temporary headcount, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Nov 2025 ¥27.8m

Change · 10 yrs +¥6.3m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Nov 2016	21.5	n/a	Cons.
FYE Nov 2017	21.1	−1.8%	Cons.
FYE Nov 2018	21.8	+3.1%	Cons.
FYE Nov 2019	24.8	+13.9%	Cons.
FYE Nov 2020	22.0	−11.3%	Cons.
FYE Nov 2021	20.8	−5.4%	Cons.
FYE Nov 2022	21.7	+4.3%	Cons.
FYE Nov 2023	27.3	+25.8%	Cons.
FYE Nov 2024	25.7	−6.0%	Cons.
FYE Nov 2025	27.8	+8.4%	Cons.

Definition: What each employee accounts for in revenue
Formula: Revenue ÷ group employees
Source: Securities report (XBRL)

Operating profit per employee

FYE Nov 2025 ¥2.8m

Change · 10 yrs +¥1.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Nov 2016	1.6	n/a	Cons.
FYE Nov 2017	1.7	+5.0%	Cons.
FYE Nov 2018	1.6	−3.3%	Cons.
FYE Nov 2019	2.1	+24.7%	Cons.
FYE Nov 2020	1.9	−7.7%	Cons.
FYE Nov 2021	1.9	+1.8%	Cons.
FYE Nov 2022	2.1	+10.3%	Cons.
FYE Nov 2023	2.6	+24.3%	Cons.
FYE Nov 2024	2.6	−2.3%	Cons.
FYE Nov 2025	2.8	+7.3%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Nikke (Japan Wool Textile)’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/3201/company.json ·/api/3201/history.json ·/api/3201/ceo.json ·/api/3201/financials.json ·/api/3201/financials/segment.json ·/api/3201/financials/pl.json ·/api/3201/financials/cf.json ·/api/3201/financials/bs.json ·/api/3201/financials/employee.json ·/api/3201/financials/stock.json ·/api/3201/financials.csv ·/api/3201/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json