Nikke cuts full-year forecast despite strong first-half growth

Nikke reported net sales of 58.612 billion yen, up 9.3%, and operating profit of 4.920 billion yen, up 5.4%, for the six months ended May 31, 2025.

Despite the strong results, the company revised down its full-year forecast. Net sales are now projected at 121.700 billion yen (from 128.000 billion yen), and operating profit at 11.300 billion yen (from 12.000 billion yen). The downward revision stems from decreased school uniform sales within the Textile & Clothing Materials business.

The company announced a share buyback of up to 2 million shares with a maximum value of 3.2 billion yen.