FY 3/2024
Financial Results Briefing Materials

May 13, 2024

Making hardworking people, happy.

NISSO HOLDINGSTSE Prime Market Code:9332

CONTENTS

１

FY 3/2024 Financial Results Summary２

FY 3/2024 Financial Results by Service

３ Toward the Growth of the Nisso Group
４ Nisso Group Topics
５ Future Prospects (FY 3/2025)
６ Shareholder Return Policy

７

FY 3/2024 Financial Condition

８ Glossary
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved1１Financial Results Summary (FY 3/2024)

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved2Summary
FY 3/2024 Results●Revenue and profits increased year-on-year●Consolidated net sales increased by 6.6% year-on-year, consolidated operating profit increased by 34.8% year-on-year●In the Automotive Industry, although net sales increased, growth slowed due to problems such as inspection irregularities●Engineering Human Resources Services showed a sharp recovery in 4Q, due in part to the recovery of the Semiconductor
Industry●Nursing Care・Welfare Services also increased revenue and profits year-on-year

FY 3/2025 Consolidated Earnings Forecast●Revenue and profits are expected to increase from the previous fiscal year
●In the Automotive Industry, although the impact of inspection irregularities may remain, operations are expected to recover●Demand for components in the Semiconductor Industry (memory field, etc.) and the Electronics Industry is expected to
grow steadily●Continued investment is expected in training-related activities for the start of operations of new semiconductor and battery
factories in 2026 and 2027

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved3

FY 3/2024 Consolidated Financial Results Highlights(Unit: Million yen)

PointsFY 3/23
Results

Operating profit increased by 34.8% YoY•

Net sales increased by 6.6% YoY, partly
due to an increase in the number ofenrolled staff.

•

Nursing Care・Welfare Services
increased revenue and profits YoY.

•

The SG&A expense ratio decreased by
0.1% YoY, partly due to net sales growth.

FY 3/24% of Total

Results

Year-on-Year% of Total

Increase(Decrease)% Change

Net sales

90,827100.0%

96,858100.0%

6,031

6.6%

Gross profit

14,55416.0%

16,014

16.5%

1,460

10.0%

SG&A
expenses

12,286

13.5%

12,956

13.4%

670

5.5%

Operatingprofit

2,268

2.5%

3,058

3.2%

789

34.8%

Ordinary
profit

2,349

2.6%

3,056

3.2%

707

30.1%

Profitattributableto owners ofparent

1,622

1.8%

1,952

2.0%

329

20.3%

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

4

FY 3/2024 Quarterly Consolidated Financial Results
Net sales（Unit: Million yen）

（Unit: Million yen）

Operating profit
Up 16.0% YoY in 4Q

26,00025,152
24,03823,625 23,660 23,721

24,0001,200

24,323

1,009

22,661
22,000

1,083
1,000

888
20,572
20,501
20,282869

800

20,000680

18,045 18,649
18,000

582

600

500

470

464

16,000
400

354
259

14,000250

200

12,00010,0000

１Q ２Q ３Q ４Q １Q ２Q ３Q ４Q １Q ２Q ３Q ４Q【FY 3/22】【FY 3/23】【FY 3/24】

1Q ２Q ３Q ４Q １Q ２Q ３Q ４Q 1Q ２Q ３Q ４Q【FY 3/22】

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved【FY 3/23】【FY 3/24】

5

２

Financial Results by Service (FY 3/2024)

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

6

Contents of Nisso Group's Business(Our Company・Holding Company)

NISSO HOLDINGS Co., Ltd.
(General Human Resources Services)(Consolidated subsidiary)

NISSO CORPORATION…Manufacturing dispatching・contracting,

employment placement, etc.

(Consolidated subsidiary)

Vector Shinwa Co., Ltd.
(Consolidated subsidiary)

EYE‘S Co., Ltd.

…Manufacturing dispatching・contracting,etc.

…Manufacturing dispatching, IT engineer dispatching,

Manufacturing・Production
Human
Resources
Services

Engineering
Human
Resources
Services

FA support, etc.

(Consolidated subsidiary)

Nisso Brain Co., Ltd.

…Administrative dispatching, BPO, etc.

Administrative Human Resources
Services(Consolidated subsidiary)

Nikon Nisso Prime Corporation…Human resources dispatching,recruitment, etc.

(Consolidated subsidiary)

Nisso Pure Co., Ltd.

…Light work contracting, sale of goods, etc.
(Special-purpose subsidiary of NISSO CORPORATION)

Other Human Resources
Services(Equity-method affiliate)

Leaf NxT Inc.

…Recruitment support, HR platform services, etc.

(Nursing Care・Welfare Services)(Consolidated subsidiary)

Nisso Nifty Co., Ltd.

…Facility nursing care, home-based nursing care, etc.

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Nursing Care・Welfare Services

7

Net Sales by Service ※Internal transactions have been eliminatedGeneral Human Resources Services

Nursing Care・Welfare Services

Other Human Resources Services

3%

Manufacturing
・Production

6%

Administrative HR* Services

76,862 Million yen

2%Engineering
HR* Services
９％

FY 3/2024
Consolidated net sales

96,858 Million yen

Engineering

9,080 Million yen

Administrative

2,162 Million yen

Other Human
Resources
Services

5,708 Million yen（YoY：up 6.6%）

Manufacturing・Production
Human Resources Services
79％

Nursing Care・Welfare Services
Nursing Care・Welfare3,045 Million yen

HR*= Human Resources
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

8General Human Resources Services

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9Manufacturing・Production Human Resources Services(Unit: Million yen)

(Unit: # of Staff)

Manufacturing・Production
Net Sales

Net Sales
In 4Q, although manufacturing・production
net sales increased by 2.4% YoY, partly due
to an increase in the number of enrolled
manufacturing・production staff and anincrease in billing unit-costs, growth slowed
due to problems such as inspection
irregularities in the Automotive Industry.

Number of Enrolled Manufacturing・Production Staff at Quarter-end（Quarterly）
22,000FY 3/23

FY 3/24

18,77018,937 19,066

FY 3/23
14,761

20,011

20,000

14,11819,143

18,69017,98718,00016,00014,761

14,400FY 3/24

14,963
14,677

14,793

14,586

14,00017,346

Number of Enrolled Staff
16,000The number of enrolled manufacturing・
production staff increased by 207 YoY.

12,00014,00010,00012,00010,000

１Q

２Q

３Q

４Q

8,000

１Q

２Q

３Q

４Q

※Internal transactions have been eliminatedCopyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

10Manufacturing・Production Human Resources Services

Avg. Monthly Net Sales per Capita

Manufacturing・Production
Avg. Monthly Net Sales per Capita

Although manufacturing・production net sales
per capita increased by 2.5% YoY, growthslowed due to problems such as inspection
irregularities in the Automotive Industry.

FY 3/23500

450(Unit: Thousand yen)

407

427

413

428

421

434

FY 3/24

422

433

400

350

300

１Q

Turnover Rate

２Q

３Q

４Q
(Unit: %)Manufacturing・Production
Trend of Turnover Rate (Monthly Avg.)

The manufacturing・production turnover rate
remained at the same level YoY, and is theprevious fiscal year, it remained below 4%
for the full year.

54

FY 3/233.8
3.7

FY 3/24

4.0

3.8

3.9

3.9

3.8

3.9

3Q

4Q

3

1Q

2Q

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11

Engineering Human Resources Services(Unit: # of Engineers)(Unit: Million yen)

Net Sales

Number of Enrolled Engineers
at Quarter-end

Engineering Net Sales
・In 4Q, engineering net sales increased by
6.4% YoY, showing a clear recovery.
・The cumulative total increased by 5.3% YoY.

(Quarterly)
2,600

FY 3/23
Recovery was clear

2,500

2,400

2,345

2,174 2,171

FY 3/23

1,600

2,320

1,500

2,295

FY 3/24
1,544

1,542

2,441

1,505

2,300
2,200

FY 3/24

1,517

1,479

1,470

1,426
1,400

2,143

2,100

Number of Enrolled Engineers

1,300

2,000

1,900

The number of enrolled engineers increased by
27 YoY, partly due to the gradual recovery of
the Semiconductor Industry.

1,239

1,814

1,200

1,800
1,700

1,100
1,600
1,500

１Q

２Q

３Q

４Q

1,000

１Q

２Q

３Q

４Q

※Internal transactions have been eliminatedCopyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

12Engineering Human Resources Services(Unit: Thousand yen)

Engineering
Avg. Monthly Net Sales per Capita

Avg. Monthly Net Sales per Capita
Although engineering net sales per capita
decreased YoY, it has been on a recovery trend
since 2Q.

600
550
500

FY 3/23
524

514

524

485

485

FY 3/24
518

496

505

450
400
350
300

１Q

Turnover Rate

２Q

３Q

４Q
(Unit: %)Engineering Trend of Turnover Rate
(Monthly Avg.)

The engineering turnover rate improved by 0.1
percentage points YoY and was just below 2%.
3
2

FY 3/23

FY 3/24

2.3

2.2

2.1

2.1

2.3

2.2

2.1

2.0

1Q

2Q

3Q

4Q

1
0

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13Administrative・Other Human Resources Services(Unit: Million yen)

(Unit: # of Staff)

Administrative Net Sales

Administrative Human Resources Services(Quarterly)

1000

In 4Q, administrative net sales decreased by
5.5% YoY, partly due to a decrease in thenumber of enrolled administrative staff.

1000

900

FY 3/23800
700

Number of Enrolled Administrative Staff
at Quarter-end

FY 3/24

FY 3/23

900
800

584

600

561

544

531

565

562

554

700

531

600

600

500

562

１Q

２Q

３Q

４Q

200

100

100

0

１Q

２Q

３Q

0

４Q

※Internal transactions have been eliminated

Other Human Resources Services(Unit: Million yen)

(Unit: # of Employees)(Quarterly)

2,100

400

FY 3/23

1,800

1,408

1,500

1,348

1,179

1,200

1,505

1,297

(Unit: # of Employees)

Employees
w/ Disabilities

Prime Employees

Other Net Sales
FY 3/24
1,445

1,320

800
700

622

640

671

697
300

600

223

500

221

224

227

200

400

900

300

600

100

200
300

605

552

300

200

19

100

0

※Prime employees: Senior employees

627

555

400

300

・Nisso Pure Co., Ltd. has created a workplaceenvironment where diverse humanresources can flourish, and the number of
employees with disabilities in 4Q was 227.

598

553

500

400

・Nikon Nisso Prime Corporation supports theactive participation of Prime employees, andthe number of Prime employees in 4Q was
697.

FY 3/24

１Q

２Q

３Q

４Q

※Internal transactions have been eliminatedCopyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved00

１Q ２Q ３Q ４Q

１Q ２Q ３Q ４Q

14

Results of Industry Strategy for Expansionof General Human Resources Services

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15

FY 3/2024 Net Sales by Industry
Consolidated Net Sales
Composition Ratios

Automotive

Semiconductor

Electronics

Industry

Industry

Industry(Automobile manufacturing・
EV-related manufacturingindustry)(Semiconductor manufacturingindustry)(Electronic equipment
manufacturing industry)

Up 14.7% YoY

Down 12.5% YoY

Down 3.2% YoY

O
P
E
R
A
T
I
O
N
A
L

Operations did notincrease due tocertification issues,
etc.

Manufacturing
equipment andsemiconductor memory
were on a recovery
trend・power
semiconductors weresteadyRecovered gradually

P
E
R
S
O
N
N
E
L

Decreased due tocertification issues,
etc.

Recovered gradually

Recovered gradually(Unit: Million yen)

10,141(3.2％)（11.2％）

14,146(12.5％)

9,819（10.1％）（12.8％）（38.9％）※（

４
TH＋14.7％

N
E
T
S
A
L
E
S

12,377（15.6％）

35,295

F
U
L
L
Y
E
A
R

40,485（41.8％））= % of consolidated net sales, Red = % of Year-on-Year growth

Q
U
A
R
T
E
R
T
R
E
N
D
S

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16

Nursing Care・Welfare Services

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Nursing Care・Welfare Services
Nursing Care・Welfare Services are centered on facility nursing care and home-based nursing care
Sweetpea Shin Yokohama

Sweetpea Konandai mio

Sweetpea Kanazawa Hakkei

Sweetpea Honmoku Sankeien

Sweetpea Mitsukyo

Sweetpea Higashi Totsuka

Facility Nursing Care
In Yokohama, Kanagawa, we operate 6 fee-based nursing homes and provide nursing
care services to residents.
With the motto of providing high-quality services, the occupancy rate at the facilities
remain at a high level.

Home-based Nursing Care
We have 1 nursing care station in Yokohama, Kanagawa Prefecture, 2 in Iwaki City,
Fukushima, and 2 outpatient care facilities in Iwaki City, Fukushima.

Human Resources Development
Aiming for high-quality nursing care, we focus on human resources development.

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved18

Nursing Care・Welfare Services●Results of Nursing Care・Welfare Services

Points• The overall occupancy rate of nursing carefacilities remained at a high level of 94.8%.
• Net sales increased slightly YoY.
• Total sales increased by 7.9% YoY.
• Started participation in Kanagawa
Prefecture's Healthcare New Frontier Policy. Net sales
Promoting individual collaboration withrelated industry- academia-governmentGross profit
related organizations.

FY 3/23

FY 3/24

Results※Internal transactions have been eliminated（Unit: Million yen）

Year-on-Year

Results

Increase(Decrease)% Change

3,017

3,045

28

0.9%

307

332

24

7.9%

(Unit: # of residents)

Number of facility residents

Occupancy
入居率
rate

# of
入居者数
residents[Bldg.1-6] (capacity:402)
400

381

375

380

380

378

377

93.3%

94.5%

94.5%

94.0%

93.8%

94.8%

Dec.'22-end

Mar.'23-end

Jun.'23-end

Sep.'23-end

Dec.'23-end

Mar.'24-end

300
200
100
0

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19

３

Toward the Growth of the Nisso Group

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20

Toward the Realization of the Nisso Group Growth Cycle
Nisso Group Growth Cycle Image- Rapid changes in the client environment
-

要差替
Local
communities

Responding to EVs and DX

Administration

SS

Active industrygovernmentacademia
cooperation

Flexible M&A
Capital and businessalliances to enhancesynergies(Shareholders,etc.)

Practice ofdiversity
Cross-industry
collaboration
Capital and businessalliances
M&A

CS

Active support ofcareer advancement
・career changes tocreate job satisfaction(Customers/
Clients)

ES

Acquisition of new
points of contact
Collaboration withother industries

Realizationof highlytransparent
dialogue(Employees)
Compliancewith laws andregulations

Industry
Strategy

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Improvement ofskillsdevelopment,
treatment
and work-styles

Responding tohuman resources
mobility
Active industrygovernment-academia
collaboration

Advanced humanresourcesdevelopment
Strengthening ofrecruitment
structures

21

Toward the Expansion of General Human Resources Services(Industry Strategy)
Continuing our Industry Strategy to expand Manufacturing・Production Human Resources Services
and Engineering Human Resources Services as a growth engine

Industry Strategy

Industries driving Society 5.0

Automotive
Industry

Semiconductor
Industry

Electronics
Industry

Automobiles/
EV-related
Semiconductors/
semiconductor
manufacturing
equipment
Communicationequipment/
electronic
components
Actively approaching areas that will
become the next pillars of growth

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22

Toward the Expansion of General Human Resources Services(Deepening the Industry Strategy)
Industry Strategy
Towards expanding・developing areas

Deepening into an indispensable partner
Co-creation with manufacturers to solve problems in expanding areas

Maintained
area

Expandedarea
Expansion(Deepening)High
added-value

Reducedarea

Maintained
area《Value Co-creation》

Manufacturer

Manufacturer

Expansion(Deepening)

Manufacturer

High skills■Examination of expanded areas■Creation of a system to develop high valueadded human resources■Expansion of business partners(Deepening of relationships)）■Responding to changing (sophisticated) needs

Realizing sustainable business growth by deepening the quality and content of the services provided
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved23

FY 3/2025 Industry Strategy Trends ※NISSO HOLDINGS’ own forecasts
Automotive Industry(Automobile manufacturing・
EV-related manufacturing industry)
Clear & sunny

Clear & sunnyWill expand

CapitalInvestment☼

Cloudy, thensunnyWill increase graduallyWill be busy in 2H

SunnyOperational
Trends☼Manufacturing equipment・memory will recover
Power semiconductors will bestrongWill normalize
Will be busy in 2H☼

Will normalize
Will be busy in 2H

SunnyWill be vigorous☼☼

Will gradually expand

CloudyWill be linked withsemiconductors

Cloudy, then
sunny

Sunny

Clear & sunny
Personnel
Trends☼Electronics

Industry(Electronic equipment manufacturing industry)

SunnyWill expand

Cloudy, thensunny
Production
Trends

Semiconductor

Industry(Semiconductor manufacturing industry)☼

Will normalize

SunnyWill recover
Will be busy in 2H

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Strengthening the Recruitment Structure(Solving Recruitment Difficulties with New Initiatives)
Establishment and expansion of a recruitment consortium centered on the Nisso Group
Recruitment Consortium
Nisso Group

Expansion

Human resources
mobilization

Expansion

Recruitment
platform
Matching by AI
Increased accuracy

Alliances

Human
resourcesrelatedcompanies《Value Co-creation》

Diversification ofhuman resources needs

Diversification ofsocial issues

In response to diversifying social issues and human resources needs, we will build and develop a
recruitment platform that leverages Group synergies to lead to business expansion
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25

Toward the Practice of Human Capital Management

Human resources
development model

Diversity management
・Partnerships with overseas
educational institutions

Personnel system reform

Nisso Group

Enhancement ofcareer advancement systems

Revenue
expansion

Human capital
investment

・Promotion of well-being
・Membership-type→Shift to job-type

Increase the number ofcareer path assistants
・Consideration of in-house
qualifications

Visualization ofskillsOJT
Clients

Cooperation indevelopment

Off-JT
Provision of highvalue-added services

Promotion ofcareer changes

Employees

・Utilization of human resources
matching service "JOBMINEs "Expansion oftraining facilities

Introduction of
VR/AR education

・Establishment of Nisso EV Technical Center・Completion of VR toolKansaiselections
・Expansion of Nisso Technical Center
Kumamoto(Scheduled)

Development ofengineers・ Launch of new employee training
e-learning tool "Start engineer"

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Development of
nursing care human resources
・FY 3/2024 Educational achievements
1,571 participants (Total)

26

Toward the Practice of Human Capital Management
Nisso Group's Educational Achievements
Points・We aim to provide high value-added
services and expand educational
opportunities for the entire Nisso
Group.
・The need for external employee
training (entrusted) is expanding.
We provide customized training
content based on client needs.

● FY 3/2024 Educational achievements (total # of participants)
Classification

Training content

FY 3/24 Cumulative Total(Direct)
Engineer training

Manufacturing equipment maintenance・
manufacturing equipment technology
Mechanical design・production technology
Special education for industrial robots, etc.

1,370

(Direct)
Manufacturing・production
training

MONOZUKURI (manufacturing) education
Foreman education
Hazard simulation education, etc.

16,613(Direct)
Other training

Regular compliance education
Career support training
Qualification (enhancement) training, etc.

1,485

Nursing care・welfare training

Elder abuse prevention・physical restraint
abolition training
Accident prevention risk management training
Infectious disease・food poisoning prevention
training, etc.

1,571

Total

External employee training(Entrusted)

Fundamentals of mechanical maintenanceFundamentals of manufacturing equipment
Hazard simulation education, etc.

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21,039187

27

Toward the Practice of Human Capital Management
Expanding training facilities and promoting industry-government-academia collaboration
for the development of high value-added human resources
Nagano Prefectural Governor
Accredited Vocational
Training School

Tomakomai Training Center

Hokkaido Semiconductor
Human Resources Development
Promotion Council(Tomakomai City, Hokkaido)

Nisso Technical Center Naka-Nihon(Okaya City, Nagano)Participation from August 2023

Shiga Prefectural Governor
Accredited Vocational
Training School

Tohoku Semiconductor andElectronics Design Study Group

Nisso EV Technical Center KansaiParticipation from November 2022

(Omihachiman City, Shiga)※Opened on March 25

Kansai Storage Battery
Human Resources
Development Consortium

Miyagi Prefectural Governor
Accredited Vocational
Training School

Nisso Technical Center Higashi-Nihon

Participation from November 2023

(Kurihara City, Miyagi)

Nisso Technical Center Kyushu(Buzen City, Fukuoka)

Ota Training Center

Kyushu Semiconductor
Human Resources
Development Consortium(Ota City, Gunma)

Participation from April 2023

Kumamoto Prefectural Governor
Accredited Vocational
Training School

Nisso Technical Center Kumamoto(Ozu-machi, Kumamoto)※ Scheduled for expansion in late May

Chugoku Regional
Semiconductor
Industry Promotion
Council
Participation from November 2022

Nisso Techno Center(Yokohama, Kanagawa)Toyota Training Center(Toyota City, Aichi)

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Hamamatsu Training Center(Hamamatsu City, Shizuoka)28

【ACTION】 "Expansion" of Nisso Technical Center Kumamoto
Environment surrounding the
Kumamoto training facility
Saga Prefecture

Fukuoka Prefecture
・Power devices
・Power modules
・System LSI, image sensors
・SiC power devices, etc.

Nisso Technical Center
Kumamoto

・Silicon wafers
・Silicon single crystal wafers
・Fine ceramic parts, etc.

Oita Prefecture
Nagasaki Prefecture
・MOS IC, CMOS image sensors
・High-purity silicon wafers

・Logic LSI・Industrial MOS IC, LSI
assembly

Miyazaki Prefecture
Kumamoto Prefecture
・Semiconductor contract
manufacturing
・System LSI・CMOS image sensors
・Semiconductor manufacturing
equipment
・CMP equipment

・Hall elements
・Silicon wafers
・Communication LSI・SiC power semiconductors
SiC wafers

To meet growing human resources needs◼

Nisso Technical Center Kumamoto to be expanded in May◼

Providing "reskilling" opportunities for human resources
working in other industries and occupations◼

Promoting career shifts to the semiconductor industry◼

Responding to the human resources development needs of
not only our own employees but also employees ofmanufacturers (Education and training entrustment services)

Kagoshima Prefecture
・Semiconductor components
・Liquid crystal color filters
・Semiconductor manufacturing
equipment
・Multilayer ceramic capacitors◼

Working with the public and private sectors to develop humanresources capable of the mass-production of semiconductors

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【ACTION】 Development of Education and Training Entrustment Services
Challenges faced bymanufacturers

Strengths of
the Nisso Group

Difficulties in both recruitment andhuman resources development due tochanges in the market and workplaceenvironment➢

Development of training programs・
OJT that can respond to diversification➢

Shortage of human resources in thesciences➢➢

Human resources in the humanities
and experience in other industries ・Training of inexperienced
manufacturing personnel
Shortage of human resources・
instructors who can educate

Training programs forpeople from manydifferent industries
and those with noexperience

Entrusted needs《Value Co-creation》
Service provision

Training facilities
equipped with actual
equipment

Customized training programs
that leverage our strengths tomeet the needs of our clientsDiverse team of
instructors fromvarious companies

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【ACTION】 Aiming to be a Trusted Partner
Management・Operation

To be the partner ofchoice and trust

Stakeholders

Employees

Business Partners

Education・Development
Shareholders
・Investors
・Compliance education
・Personal information education
・CSR education
・Human rights education
・Information security education
・BCP education
・Re-skilling education

Community・Society《Value Co-creation》

Assignment

Recruitment

Clients

・Business manager education
・Interview upskilling training
・Complaint prevention training

As a corporate group with strengths in human resources development, we will implement educational programs tomaintain governance and continue our efforts to earn the trust of our stakeholders.
31
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

４

Nisso Group Topics

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

32Topics
2023｜Oct.

2024｜Apr.

2024｜Feb.

◼ Established◼ Exhibited at Kumamoto
Industrial Revitalization
Expo◼ Co-sponsored the “JAPAN MOBILITY SHOW 2023”

2024｜May

2024｜Jan.
◼ Exhibited at Manufacturing World Japan(Osaka)◼ Approved TCFD recommendations

2023｜Dec.

Nov.

Dec.

Jan.

2024｜Aug.

To announce the Financial
Results for FY 3/2024(NISSO HOLDINGS)◼ Opened Nisso EV
Technical Center Kansai◼ Decided to invest in
APB CorporationOct.

■ 2024.05.9◼ Made EYE’S Co., Ltd.
a consolidated
subsidiary◼ Planned expansion of
Nisso Technical Center Kumamoto■ 2024.08.07

To announce the Financial
Results for the First
Quarter of FY 3/2025(Scheduled)(NISSO HOLDINGS)

Feb.

■ 2023.11.07
Announced the Financial Results for the First
Six Months of FY 3/2024 for delisted
subsidiary (NISSO CORPORATION)

Mar.

Apr.

May

Jun.

Jul.

Aug.

Sep.

■ 2024.02.06
Announced the Financial
Results for the First Nine
Months of FY 3/2024(NISSO HOLDINGS)◼ Began participation in the Kansai Storage
Battery Human Resources Development
Consortium◼ Published the Sustainability Report2024｜Mar.

2024｜Jun.

2024｜Jul.

2024｜Sep.

2023｜Nov.
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

33Topics"EYE'S Co., Ltd."
joins the Nisso Group"Nisso EV Technical Center Kansai"
opens

・EYE'S will provide business process solutions, its fieldof ​expertise, to the client base of the Nisso Group.

・NISSO CORPORATION opened the "Nisso EV Technical Center
Kansai" on March 25, 2024.

・We will expand our services by integrating the IT engineering
services of EYE'S with the engineering area of the Nisso Group.

・Established as a core training base for developing storage
battery human resources in the Kansai region.

・EYE'S is currently developing a service called "FREE AID" thatmatches freelance mechanical and electrical engineers withprojects and tasks that require their skills.

・Participated in the "Kansai Storage Battery Human Resources
Development Consortium" established by the Kansai (Kinki)
Bureau of Economy, Trade and Industry and strengthened
cooperation.

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

34

５

Future Prospects (FY 3/2025)

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35

FY 3/2025 Full-year Consolidated Forecasts
In the full-year consolidated (earnings) forecast, in our core General Human Resources Services Business, we expect
revenue and profits to increase, based on the assumption that in addition to the recovery of operations in automobiles, thesemiconductor memory field, etc., will remain strong, and demand for components related to PCs and communications
equipment will also recover.
● FY 3/2025 Full-year Consolidated Forecast (April 1, 2024 ～ March 31, 2025)
FY 3/24 Results

Results(Unit: Million yen)

FY 3/25 Forecast% of Total

Forecast

Year-on-Year% of Total

Increase(Decrease)% Change

96,858100.0%

106,000

100.0%

9,141

9.4%

Operating profit

3,058

3.2%

3,800

3.6%

741

24.3%

Ordinary profit

3,056

3.2%

3,800

3.6%

743

24.3%

Profit attributable toowners of parent

1,952

2.0%

2,400

2.3%

447

22.9%

Net sales

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

36

NISSO Sustainable Growth for the Future"New Medium-term Management Plan" to be announced
We will accelerate growth investments and strive to enhance corporate value while working to resolve social issues

in the area of human resources.

Next-generation Growth Stage

1,500

Towards Value Co-creation

100

Development model X Co-creation = Strengthening our earning power through the diversification of our business portfolio✓✓✓

Creating human resources together: Human resources development such as enhancing career and skills
Creating business together: Recruiting and placing the right people to the right jobs according to client needs
Creating solutions together: Responding to diverse work-styles and changes in MONOZUKURI (manufacturing)

75

Cons. Net Sales (Forecast)

106.0B

Cons. Net Sales (Results)

96.8B

1,000 Unit: Billion yen

50

ComingSoon

Cons. Operating Profit (Forecast)

3.8B（3.6％）

25

Cons. Operating Profit (Results)

3.0B（3.2%）

5000FY 3/23

FY 3/24

Results

FY 3/25

FY 3/26

FY 3/27

FY 3/28

FY 3/29

New Medium-term Management Plan
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved37

６

Shareholder Return Policy

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved38

Shareholder Return Policy
Basic Policy

Dividend and Payout Ratio

NISSO HOLDINGS considers the redistribution of
profits to shareholders and the enhancement ofcorporate value as key management issues. In
addition, by setting the consolidated dividend
payout ratio of 30% or more as a general standard,
NISSO HOLDINGS’ basic policy is to continue to
steadily redistribute profits to all of ourshareholders.

(Unit: %)(Unit: Yen)
25.00

Dividend (left axis)

Payout ratio (right axis)

100%

22.00 yen
20.50 yen
20.00

18.00 yen

FY 3/2024 Expected Dividend

80%

16.00 yen

NISSO HOLDINGS expects to pay a dividend of
20.50 yen per share (consolidated dividend payout
ratio of 35.4%).

90%

70%

15.00

60%

50%
10.00

36.0%

33.5%

35.4％

30.0％

40%
30%

FY 3/2025 Dividend Forecast

5.00

NISSO HOLDINGS expects to pay a dividend of
22.00 yen per share (consolidated dividend payout
ratio of 30.0%).

20%
10%

0.00

FY 3/2022

FY 3/2023

FY 3/2024(Expected)

FY 3/2025(Forecast)0%※Until FY 3/2023, the figures for NISSO CORPORATION before the holding company structure are presented.

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39

７

Financial Condition (FY 3/2024)

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40Capital Profitability・Capital Structure (FY 3/2024)
Financial indicators related to management are as follows:
Classification

Capital profitability

Capital structure

KPI

FY 3/24 Results

Indicator Purpose

Operating profit margin

3.2%

ROE

13.2%

ROIC

11.6%

Financial leverage

2.1

Profitability・
efficiency management

Financial soundness

NISSO HOLDINGS will closely monitor our own cost of capital (cost of equity and weighted average cost of capital (WACC)) andwill strive to pursue earning power and improve capital efficiency by using return on equity (ROE) and return on invested capital(ROIC) as key management indicators. In addition, we will strive to enhance corporate value by realizing a structure in which
ROIC exceeds the cost of capital (weighted average cost of capital (WACC)) in a stable manner.
Moreover, in FY 3/2024, ROIC exceeded the cost of capital (weighted average cost of capital (WACC)).
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved41

Consolidated Balance Sheet(Unit: Million yen, ％)Mar. ‘23-end
AmountMar. ‘24-end% of Total

Amount% of Total

Increase(Decrease)

Point①Increase due to expansion of the number ofstaff in operation
Due to the expansion of the number of staff inoperation in the manufacturing-related humanresources services, "notes and accounts receivable(trade)" of current assets and "accrued expenses"
of current liabilities increased.

21,74772.3

21,899

69.8

151

9,800

32.6

9,641

30.7

(159)

10,98636.5

11,238

35.8

252

8,344

27.7

9,455

30.2

1,110

Property, plant and equipment

4,660

15.5

5,072

16.2

411

Intangible assets

1,514

5.0

1,611

5.1

96

Investments and other assets

2,169

7.2

2,771

8.8

Total assets

30,092100.0

31,354

100.0

1,261

Current liabilities

12,187
6,119
555
1,395

40.5
20.3
1.8
4.6

13,360
6,553
795
1,479

42.6
20.9
2.5
4.7

1,172
③Business combination
434
Assets and liabilities increased due to an increase
240 in the number of consolidated subsidiaries
83 associated with the acquisition of shares.

Total liabilities

3,097
2,019
15,284

10.3
6.7
50.8

2,660
1,550
16,021

8.5
4.9
51.1

Shareholders' equity

14,563

48.4

14,93947.6(436)(468) ④Overall
As a result of the above, total assets increased
736 by 4.2%, total liabilities increased by 4.8%, and375 total net assets increased by 3.4% compared to the

239

0.8

275

0.9

Total net assets

14,80749.2

15,333

48.9

Total liabilities and net assets

30,092 Copyright
100.0
31,354100.0
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Current assets
Cash and deposits
Notes and accounts receivable - tradeNon-current assets

Accrued expenses
Income taxes payable

Provision for bonuses
Non-current liabilities
Long-term loans payableNon-controlling interests②Repayments
As a result of contractual repayment of loans
602 payable, "long-term loans payable" of non-current
liabilities decreased.

end of the previous fiscal year, resulting in an equity

35 ratio of 48.0%.
52542Consolidated Statements of Cash Flows(Unit: Million yen)

FY 3/23

Point

FY 3/24
Increase(Decrease)

Amount

CF from operating activities

CF from investing activities

2,285

(146)

Amount3,230(1,289)944(1,142)①Cash flows from operating activities
Proceeds from profit before income taxes
amounted to 3,056 million yen, absorbing
expenditures such as income taxes paid of 865
million yen, resulting in proceeds of 3,230
million yen.

②Cash flows from investing activities
Expenditures for the purchase of securities
amounted to 300 million yen, while
expenditures for the purchase of property,
plant and equipment amounted to 650 million
yen, resulting in expenditures of 1,289 million
yen.

③Cash flows from financing activities
CF from financing activities
Net increase (decrease) in cash andcash equivalents
Cash and cash equivalents at
beginning of period
Cash and cash equivalents at end of
period(1,112)(2,100)

(987)

1,026

(159)

(1,185)

8,773

9,800

1,026

9,800

9,641

(159)

Expenditures for the purchase of treasury
shares amounted to 1,062 million yen, andcash dividends paid of 544 million yen resulted
in expenditures of 2,100 million yen.

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43

８

Glossary

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44

Glossary (Repost)
Word/Term

Explanation

Manufacturing dispatching

Manufacturing dispatching is conducted in accordance with the "Act for Securing the Proper Operation of Worker Dispatching
Undertakings and Protection of Dispatched Workers“, and dispatching services are provided to manufacturers including automobiles
manufacturing, semiconductor manufacturing, and electronic equipment manufacturing. The right to instruct and order the work lies
with the manufacturer, which is the dispatching destination, and the employer is the dispatching company. Procedures related to labor
management, such as recruitment and payroll, are carried out by the employer, the dispatching company.

Manufacturing contracting

Manufacturing contracting provides services to manufacturers including automobiles manufacturing, semiconductor manufacturing,and electronic equipment manufacturing. The contracting company uses part or all of the manufacturer's processes・equipment toestablish production, quality control, labor management, and workplace management systems. In response to orders from the ordering
party (manufacturers), the contracting company conducts manufacturing, processing and inspections under a management system,and delivers the finished products (deliverables) to the ordering party upon completion.

Human Resources Development Model

A model for developing high value-added human resources. By developing human resources using the Nisso Group's unique advanced
Off-JT, we provide our clients with human resources who can quickly acquire skills and establish themselves after being assigned to aworkplace.

Industry Strategy

A strategy for proactively and speedily responding to the needs of each industry that the Nisso Group focuses on, in order to expand
our General Human Resources Services business.

Turnover rate

The cumulative (YTD) number of resignations divided by the total average number of enrolled staff each month. It represents theaverage withdrawal rate for the relevant period.

Nisso Technical Centers

Large-scale education and training facilities that educate highly specialized technical staff in various industries such as automobiles,
electricity, and semiconductors. The Technical Centers provide a wider range of education than the Training Centers, and can also
provide contracted training services.

Nisso Training Centers

Education and training facilities that provide specialized skills education for specific industries. Education and training are provided on
the premise of assignment to specific manufacturers.

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved45

Making hardworking people, happy.

NISSO HOLDINGSThe forward-looking statements and performance forecasts contained in this document are forecasts
determined by NISSO HOLDINGS based on information available at the time of preparation, and include
potential risks and uncertainties. Therefore, please be aware that the actual results may differ greatly
from the forward-looking statements described due to changes in various factors.

〈For future IR-related inquiries〉

IR Division, NISSO HOLDINGS Co., Ltd.
TEL

045-777-7630

E-mailir@nisso-ir.com

URL

https://www.nisso-hd.com

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved