Consolidated Financial Results for the First Nine Months of FY 3/2024 [Japanese GAAP]
February 6, 2024
Company NameNISSO HOLDINGS Co., Ltd.

Securities Code9332

ＵＲＬ https://www.nisso-hd.com

Representative(Title)Representative Director,
President & CEO（Name）Ryuichi Shimizu

Contact Person(Title)Senior Managing Director & CFO（Name）Naoki Hayakawa ＴＥＬ +81-45-514-4323

Scheduled date of filing
Quarterly Report

Stock Exchange Listing: Tokyo

Scheduled date of

February 13, 2024

Preparation of supplementary materials
for quarterly financial results: Yes－

payment of dividend(Scheduled to be posted on the Company's website on February 6, 2024 (Tue.))

Holding of quarterly financial results(Scheduled to be held for institutional investors and analysts on February 9,

meeting: Yes

2024 (Fri.))（All amounts are rounded down to the nearest million yen）

1. Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2024
(April 1, 2023 – December 31, 2023)(1) Consolidated results of operations（Percentages represent year-on-year changes）
Net salesFirst nine months ended
December 31, 2023
December 31, 2022
(Note) Comprehensive income

Operating profit

Million yen%

Million yen%

Million yen%

Million yen%

72,534

－

2,048

－

2,129

－

1,395

－

－

－

－

－

－

－

－

－

For the first nine months ended December 31, 2023:
For the first nine months ended December 31, 2022:

First nine months ended

1,422 Million yen (－%)－ Million yen (－%)

Diluted net income pershare

Net income per share
Yen

Yen

December 31, 2023

41.08

－

December 31, 2022－－

(Note)

Profit attributable toowners of parent

Ordinary profit

1. Since the Company was established on October 2, 2023 through a single share transfer, there are no results for thecorresponding quarter of the previous consolidated fiscal year.
2. "Diluted net income per share" for the first nine months of FY 3/2024 is not listed because there are no dilutive
shares.

(2) Consolidated financial position
Total assets
As ofDecember 31, 2023
March 31, 2023

Net assets

Equity ratio

Million yen

Million yen%

30,233

15,432

50.2

－

－

－

(Reference) Equity capital

As of December 31, 2023
15,169 Million yen
As of March 31, 2023
－ Million yen(Note) Since the Company was established on October 2, 2023 through a single share transfer, there are no results for thecorresponding quarter of the previous consolidated fiscal year.

2.

Dividends
Dividend per share
1Q-endFiscal year ended March
31, 2023
Fiscal year ending March
31, 2024
Fiscal year ending March
31, 2024 (Forecast)(Note)

2Q-end3Q-endYear-end

Total

Yen

Yen

Yen

Yen

Yen

－

－

－

－

－

－

0.00

－
20.50

20.50

1. Revisions to the most recently announced dividend forecast: None
2. Since the Company was established on October 2, 2023 through a single share transfer, there are no results for thecorresponding quarter of the previous consolidated fiscal year or up to the second quarter.

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2024
(April 1, 2023 – March 31, 2024)（Percentages represent year-on-year changes）
Net sales

Full year(Note)

Operating profit

Profit attributableto owners of parent

Ordinary profit

Net income pershare

Millionyen%

Millionyen%

Millionyen%

Million
yen

%

Yen

97,000

－

2,800

－

2,800

－

1,800

－

53.09

1. Revisions to the most recently announced consolidated earnings forecast: Yes
2. Since the Company was established on October 2, 2023 through a single share transfer, the percentage changes from theprevious consolidated fiscal year are not listed.

※

Notes
(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting inchanges in the scope of consolidation): None
Newly added: （Co. name）, Excluded: （Co. name）(2) Application of special accounting methods for the presentation of quarterly consolidated financial
statements: None
(3) Changes in accounting policies and accounting estimates, and restatements① Changes in accounting policies due to revisions in accounting standards, etc.:② Changes in accounting policies other than ① above:③ Changes in accounting estimates:④ Restatements:(4) Number of outstanding shares (Common stock)① Number of shares outstanding at
As of Dec. 31,
the end of the period (including2023
treasury shares)②③

Number of treasury shares at theend of the period
Average number of shares during
the period (Quarterly total)

As of Dec. 31,
2023
First nine

34,024,720 Shares

330,342 Shares

As of Mar. 31,
2023
As of Mar. 31,
2023

None
None
None
None

－ Shares－ SharesFirst ninemonths ended

33,972,817 Shares months ended

Dec. 31, 2023

Dec. 31, 2022

－ Shares(Note) 1. Since the Company was established on October 2, 2023, figures for the corresponding quarter of the previous
consolidated fiscal year and the previous consolidated fiscal year are not listed.
2. Since the Company was established through a single share transfer on October 2, 2023, the average number ofshares of common stock during the period from April 1, 2023 to October 1, 2023 prior to the establishment of theCompany is calculated using the average number of shares of NISSO CORPORATION during the period. The period from
October 2, 2023 to December 31, 2023 is calculated using the average number of shares of the Company during theperiod.

※The quarterly financial statement is not subject to the quarterly review procedures of certified public
accountants or auditing corporations※

Cautionary statement on the appropriate use of earning forecasts, and other special items（Notes on forward-looking statements, etc.）
1. Earnings forecasts regarding future performance and other forward-looking statements in thismaterial are based on certain assumptions judged to be valid and on information that is currently
available to the Company, and do not represent promises by the Company that these figures will beachieved. In addition, actual results may differ significantly due to a variety of factors. For
prerequisite conditions, etc. regarding the earnings forecasts, please refer to "1. Qualitative
Information on Quarterly Financial Results, (3) Description of Future Forecast Information such as
Consolidated Forecasts, etc." on P.5 of the attachments.
2. The quarterly consolidated financial statements for the current consolidated cumulative third
quarter (from April 1, 2023 to December 31, 2023; hereinafter, the "period under review") have been
prepared by taking over the quarterly consolidated financial statements of NISSO CORPORATION, whichbecame a wholly owned subsidiary through a single share transfer.

3. Although the current quarterly consolidated accounting period (from October 1, 2023 to December 31,2023) is the first quarterly consolidated accounting period after the establishment of the Company,
it is described as the "third quarter consolidated accounting period" (hereinafter, the "third
quarter").
（Supplementary materials for quarterly financial results and method of obtaining content for quarterly
financial results meeting）
1. The Company is planning to hold a briefing session for institutional investors and analysts on
Friday, February 9, 2024.
2. Quarterly financial results briefing materials to be used on that day will be posted on the
Company's website on the day of the announcement of financial results (Tuesday, February 6, 2024).

○Contents of Attachments
１．Qualitative Information on Quarterly Financial Results ……………………………………………………

2（１）Description of Results of Operations ………………………………………………………………………

2（２）Description of Financial Position ……………………………………………………………………………

5（３）Description of Future Forecast Information such as Consolidated Forecasts, etc. ………………

5

２．Quarterly Consolidated Financial Statements and Notes ………………………………………………………

6（１）Quarterly Consolidated Balance Sheet ………………………………………………………………………

6（２）Quarterly Consolidated Statements of Income and Comprehensive Income ……………………………

8

Quarterly Consolidated Statement of Income
For the First Nine Months ended December 31, 2023 ……………………………………………………

8

Quarterly Consolidated Statement of Comprehensive Income
For the First Nine Months ended December 31, 2023 ……………………………………………………

9（３）Notes regarding Quarterly Consolidated Financial Statements ………………………………………… 10（Notes regarding the Going Concern Assumption） …………………………………………………………

10（Notes on Significant Changes in the Amount of Shareholders' Equity） ……………………………

10（Significant Subsequent Events）………………………………………………………………………………

10

- 1 -

１．Qualitative Information on Quarterly Financial Results
NISSO HOLDINGS Co., Ltd. (hereinafter, the "Company") was established on October 2, 2023 as the wholly
owning parent company of NISSO CORPORATION through a single share transfer. However, since there has beenno substantial change in the scope of consolidation, the items for which the comparisons are made with thecorresponding quarter of the previous consolidated fiscal year are those for the consolidated cumulative
third quarter of FY 3/2023 (from April 1, 2022 to December 31, 2022) of NISSO CORPORATION, and in
addition, the items that are compared with the end of the previous consolidated fiscal year are comparedwith the end of the consolidated FY 3/2023 (March 31, 2023) of NISSO CORPORATION.
In addition, the quarterly consolidated financial statements for the period under review were preparedby taking over the quarterly consolidated financial statements of NISSO CORPORATION, which became a wholly
owned subsidiary through a single share transfer.
The forward-looking statements in this document are those determined as of the last day of the current
quarterly consolidated accounting period.
（１）Description of Results of Operations
During the period under review, Japan's economy showed a moderate recovery, partly due to an
improvement in the employment environment. On the other hand, it is necessary to pay close attention
to the risk that the effects of global monetary tightening could put downward pressure on Japan's
economy, the situation in the Middle East, and the effects of fluctuations in financial and capital
markets.
In such a business environment, based on its mission of "C reating opportunities and hopes for people
to work", the Nisso Group (hereinafter, the "Group") is promoting initiatives " To transform into a
corporate group with high-growth potential" with the aim of providing services that can respond tosocial changes and changes in industrial structures, while creating workplaces where workers can feel
motivated and grow through Human Resources Solution Services that support the growth of companies andpeople.
The Group defines materiality (key issues) for the realization of its mission as "Creation of acomfortable workplace", "Responding to social changes and changes in industrial structures", and"Strengthening of governance". The Group aims to enhance corporate value by creating social value
through the promotion of digitization (digitalization), in addition to actively investing in humanresources, maximizing employee satisfaction and customer/client satisfaction, providing high valueadded services, and strengthening its management structures and internal controls.
The results of operations for the period under review are as follows: net sales amounted to 72,534
million yen (up 7.9% year-on-year), operating profit amounted to 2,048 million yen (up 46.5% year-onyear), ordinary profit amounted to 2,129 million yen (up 41.8% year-on-year), and profit attributableto owners of parent amounted to 1,395 million yen (up 48.9% year-on-year).
Net sales increased year-on-year due to growth in net sales of the Manufacturing-related Human
Resources Services, which are the Group's core services. In addition, in terms of profits, there wasan increase in personnel expenses due to an increase in the number of employees in order to expand thebusiness and strengthen the business foundation. However, as a result of the absorption of theincrease in net sales, operating profit increased year-on-year.
Various initiatives during the period under review were as follows:(General Human Resources Services)
Net sales of the General Human Resources Services during the period under review amounted to 70,251
million yen (up 8.2% year-on-year), and gross profit was 11,521 million yen (up 11.4% year-on-year).
①
Manufacturing・Production Human Resources Services
Manufacturing・Production Human Resources Services are mainly classified into manufacturing
dispatching and manufacturing contracting.
Net sales of the Manufacturing・Production Human Resources Services during the period under review
amounted to 57,719 million yen (up 6.1% year-on-year).
During the period under review, the number of enrolled manufacturing・production staff in theservice at the end of the consolidated fiscal year was 14,963 (up 286 year-on-year) in response to thestrong human resources needs of clients. In addition, as a result of efforts to improve the workplace- 2 -environment in order to create a comfortable workplace, the monthly turnover rate remained at a low
level of 3.8% (same level year-on-year). Furthermore, in conjunction with the recovery in production
by clients in the Automotive Industry (automobile manufacturing・EV-related manufacturing industry),
the operating hours of manufacturing staff increased, resulting in net sales per capita of 434
thousand yen (up 3.2% year-on-year).
②
Engineering Human Resources Services
Engineering Human Resources Services are classified into manufacturing area, IT-related engineer
dispatching, and SES (System Engineering Service).
Net sales of the Engineering Human Resources Services during the period under review amounted to
6,638 million yen (up 4.8% year-on-year).
During the period under review, the number of enrolled engineers in this service at the end of theconsolidated fiscal year was 1,505 (down 37 year-on-year), and the average monthly net sales per
capita was 496 thousand yen (down 28 thousand yen year-on-year), due to the impact of sluggish
production activities among clients in the Semiconductor Industry (semiconductor manufacturingindustry). On the other hand, due in part to the effects of promoting its unique "Human Resources
Development Model" that utilizes education and training facilities, the turnover rate has remained ata low level of 2.1% (the same level year-on-year).
③
Administrative Human Resources Services
Administrative Human Resources Services are classified into general office work dispatching and BPO(Business Process Outsourcing).
Net sales of the Administrative Human Resources Services during the period under review amounted to1,630 million yen (down 4.8% year-on-year).
During the period under review, although the Company promoted recruitment activities centered on
public relations and client attraction activities, due to sluggish growth in the number ofregistrants, the number of enrolled administrative staff was 552 (down 75 year-on-year).
④
Other Human Resources Services
Other Human Resources Services are classified into human resources dispatching for senior employees
and light work contracting for people with disabilities.
Net sales of the Other Human Resources Services during the period under review amounted to 4,262
million yen (up 70.8% year-on-year). Furthermore, since Nikon Nisso Prime Corporation became aconsolidated subsidiary from the second quarter (consolidated accounting period) of FY 3/2023, therate of increase/decrease in net sales of this service increased significantly.
In order to build a workplace model that enables senior employees to flourish, the Company isworking to develop and secure employment opportunities and build a structure that supports the active
participation of senior employees and allows them to continue working. The number of Prime employees(senior employees) during the period under review was 671.
In addition, in order to build a workplace model that enables employees with disabilities toflourish, the Company aims to coexist with local communities, including school officials, support
organizations, and the government, while promoting activities that make the most of each individual's
characteristics, such as accepting contracts for light work from external clients, rather than simply
employing employees with disabilities. The number of employees with disabilities during the period
under review was 224.
(Nursing Care・Welfare Services)
Nursing Care・Welfare Services are classified into facility nursing care and home-based nursingcare.
Net sales of the Nursing Care・Welfare Services during the period under review amounted to 2,283
million yen (up 1.0% year-on-year), and gross profit was 253 million yen (up 9.7% year-on-year).
During the period under review, the number of residents of nursing care facilities was 377 (up 2year-on-year) as a result of activities aimed at attracting customers with the goal of contributing tosociety through compassionate nursing care rooted in the local community in facility nursing care,which is the core of this service. In addition, with the aim of improving the quality of service whiledeveloping nursing care staff, the occupancy rate at the facilities remained at a high level of 93.8%(93.3% in the corresponding period of the previous fiscal year).

- 3 -(Progress of Initiatives for the Growth of the Group)
The Group develops human resources needed by industry through collaboration with clients andimproves client/customer satisfaction by providing high value-added services, while expanding careeradvancement opportunities linked to the development of employees. In addition, through cross-industry
collaborations, capital and business alliances, and the establishment of partnerships such as M&A, theGroup will expand opportunities for career changes tailored to the desires of its employees andenhance employee satisfaction.
Industry Strategy
In order to expand its business in the General Human Resources Services Business, which accounts for
64.5% of consolidated net sales, the Group is pursuing an "Industry Strategy" that not only responds
to the needs of individual clients, but also proactively and speedily responds to the needs of eachindustry as the industrial structure changes at an accelerated pace against the backdrop oftechnological innovation and environmental issues.
Although the need for human resources in the Automotive Industry (automobile manufacturing and EVrelated manufacturing industries) has remained strong, the impact of production suspensions at
manufacturers is expected to continue. Net sales of the Automotive Industry during the period underreview amounted to 30,250 million yen (up 17.2% year-on-year).
In addition, in the Semiconductor Industry (semiconductor manufacturing industry), the operating
hours of manufacturing staff remained lower than usual due to sluggish production trends, and as aresult, net sales in the Semiconductor Industry during the period under review amounted to 9,325
million yen (down 12.3% year-on-year).
Similarly, production trends in the Electronics Industry (electronic equipment manufacturingindustry) remained sluggish, and net sales in the Electronics Industry during the period under review
amounted to 7,234 million yen (down 7.1% year-on-year).
Human Resources Development Strategy
During the period under review, a total of 15,637 staff in the General Human Resources Services weretrained, of which 1,057 were trained as engineers. In addition, a total of 1,480 people were trainedin the Nursing Care・Welfare Services.
The Group has established and is promoting its unique "Human Resources Development Model".
Specifically, the Group has established educational and training facilities equipped with actual
equipment, such as semiconductor manufacturing equipment, and are working to produce human resources
who will be able to quickly acquire skills and establish themselves after being assigned to aworkplace by using educational programs developed in accordance with client needs. The Group hasreceived high praise from its clients for providing services using this unique and advanced Off-JT.
During the period under review, the NISSO CORPORATION participated in the "Kansai Storage Battery
Human Resources Development Consortium" established by the Kansai (Kinki) Bureau of Economy, Trade andIndustry. The purpose of this consortium is to develop and secure approximately 30,000 human resources
related to storage batteries as a domestic manufacturing base for storage batteries and materials by2030. The Group believes that it can contribute to solving these issues by taking advantage of theGroup's strengths in providing high-quality and prompt human resources services, and it plans to openthe "Nisso EV Technical Center Kansai", its 10th location in Japan, in March 2024. This facility is an
educational and training facility specializing in human resources development for the storage battery
industry.
In addition, in May 2024, the Company plans to expand the "Nisso Technical Center Kumamoto", which
specializes in the development of human resources for semiconductor manufacturing. As a result of thisexpansion, the number of trainees is expected to be 3 times the current number.
Moreover, in its Nursing Care・Welfare Services, the Company recognizes the importance of educating
newly hired nursing care staff and improving the quality of services in facility nursing care. In
order to ensure the quality of these services, the Company has established a system that allows it to
conduct not only OJT but also regular Off-JT.
Furthermore, regarding education and training, the Company also carries out external deployment, andthe total number of external employee trainings (entrusted) during the period under review was 148. By
grasping the needs of its clients and arranging the educational content it has cultivated so far, theCompany is working to solve its clients' problems.

- 4 -Investment in APB Corporation
The Company has decided to invest in APB Corporation, an All Polymer Battery manufacturer.
The All Polymer Battery manufactured by APB Corporation is a next-generation lithium-ion battery
that is free-form and can be applied to large-scale storage batteries, and significantly reducing
risks such as ignition and costs through its unique production process.
In addition, the Group's unique "Human Resources Development Model" can also be utilized in thedevelopment and manufacturing processes of APB Corporation, and the Company believes thatcollaboration through human resources will provide great synergies for both parties.
Financial Strategy
The Company will closely monitor its own capital costs (cost of equity and weighted average cost ofcapital (WACC)) and strives to pursue earning power and improve capital efficiency based on return on
equity (ROE) and return on invested capital (ROIC) as key management indicators. In addition, theCompany will strive to enhance corporate value by realizing a structure in which ROIC exceeds the costof capital (weighted average cost of capital (WACC)) in a stable manner.
（２）Description of Financial Position（Assets）
Current assets at the end of the current third quarter amounted to 21,608 million yen, which was adecrease of 138 million yen from the end of the previous consolidated fiscal year. This was mainly due
to a decrease of 738 million yen in cash and deposits.
Non-current assets at the end of the current third quarter amounted to 8,624 million yen, which was
an increase of 279 million yen from the end of the previous consolidated fiscal year. This was mainly
due to an increase of 127 million yen in other of investments and other assets.
As a result, total assets amounted to 30,233 million yen, which was an increase of 140 million yen
from the end of the previous consolidated fiscal year.
（Liabilities）
Current liabilities at the end of the current third quarter amounted to 12,041 million yen, which
was a decrease of 145 million yen from the end of the previous consolidated fiscal year. This was
mainly due to an increase of 536 million yen in accrued expenses, while provision for bonuses
decreased by 614 million yen.
Non-current liabilities at the end of the current third quarter amounted to 2,758 million yen, which
was a decrease of 338 million yen from the end of the previous consolidated fiscal year. This was
mainly due to a decrease of 367 million yen in long-term loans payable.
As a result, total liabilities amounted to 14,800 million yen, which was a decrease of 484 million
yen from the end of the previous consolidated fiscal year.
（Net assets）
Total net assets at the end of the current third quarter amounted to 15,432 million yen, which was
an increase of 624 million yen from the end of the previous consolidated fiscal year. This was mainly
due to the 1,395 million yen in profit attributable to owners of parent, and 544 million yen in
dividends of surplus.
As a result, the equity ratio was at 50.2% (which was at 48.4% at the end of the previous
consolidated fiscal year).
（３）Description of Future Forecast Information such as Consolidated Forecasts, etc.
Based on the results of the period under review, the Full-year Consolidated Forecast announced inthe "Notice of Consolidated Forecast, Dividend Forecast and Shareholder Benefits Program for the
Fiscal Year Ending March 31, 2024" on October 2, 2023 has been revised.
For details, please refer to the "Notice of Revisions of Full-year Consolidated Forecast for the
Fiscal Year Ending March 31, 2024" announced today (Tuesday, February 6, 2024).

- 5 -２．Quarterly Consolidated Financial Statements and Notes（１）Quarterly Consolidated Balance Sheet(Unit: Million yen)
3Q of FY 3/24
(As of Dec. 31, 2023)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Current portion of long-term loans payable
Accrued expenses
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for directors' bonuses
Provision for shareholder benefit program
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities

9,061
11,2931,259(5)21,608

1,879
2,773
282
4,935
792
591
1,383
2,324
(19)
2,305
8,624
30,233

490
6,655
32
230
781
17
8
3,825
12,041
1,651
702
404
2,758
14,800- 6 -(Unit: Million yen)
3Q of FY 3/24
(As of Dec. 31, 2023)

Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

2,016
2,367
11,030(253)
15,1610
7
8
262
15,43230,233- 7 -（２）Quarterly Consolidated Statements of Income and Comprehensive Income（Quarterly Consolidated Statement of Income）（For the First Nine Months ended December 31, 2023）(Unit: Million yen)First nine months of FY 3/24
(Apr. 1, 2023 - Dec. 31, 2023)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Subsidy income
House rent income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted forusing equity method
Rent expenses
Other
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controllinginterests
Profit attributable to owners of parent

72,53460,76011,774
9,726
2,048
2
58
29
48
139
9
7
16
26
58
2,129
2,129
502
206
709
1,419
23
1,395

- 8 -

（Quarterly Consolidated Statement of Comprehensive Income）（For the First Nine Months ended December 31, 2023）(Unit: Million yen)First nine months of FY 3/24
(Apr. 1, 2023 - Dec. 31, 2023)

ProfitOther comprehensive income
Remeasurements of defined benefit plans, netof taxShare of other comprehensive income ofentities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests

1,419
4
(0)
3
1,422
1,399
23

- 9 -

（３）Notes regarding Quarterly Consolidated Financial Statements（Notes regarding the Going Concern Assumption）
Not applicable.
（Notes on Significant Changes in the Amount of Shareholders' Equity）
Not applicable.
（Significant Subsequent Events）（Share Transfer Agreement of a Company, etc. through Share Acquisition）
At the Board of Directors' Meeting held on December 18, 2023, the Company and its consolidated
subsidiary, NISSO CORPORATION, resolved to acquire the issued shares (shares outstanding) excluding
treasury shares of EYE'S Corporation and make it a subsidiary, as follows. Accordingly, NISSOCORPORATION concluded a share transfer agreement on December 27, 2023, and acquired shares on January
31, 2024.
1.

Overview of Business Combination(1) Name of acquired company and its description of business
Name of Acquired Company EYE'S Corporation
Description of BusinessOutsourcing business・business solutions business・engineeringbusiness・factory automation business(2) Main reasons for business combination
In order "to transform into a corporate group with high-growth potential", which is the visionof the Medium-term Management Plan, the Group is working to diversify its business portfolio andenhance the value it provides by utilizing the excellent client base and business management
resources of its existing businesses.
While developing a dispatching and outsourcing business in the IT domain, mainly in the Tokyo
metropolitan area, EYE'S Corporation also engages in the manufacturing dispatching and contracting
business to machine tool manufacturers, and has a business base with a different client segment
than that of NISSO CORPORATION.
By utilizing the resources of recruitment and human resources development, which are thestrengths of NISSO CORPORATION, the Company believes that it will be able to acquire a revenue
base in a new business area (IT domain) that the Group does not currently hold, and provide newservices in existing areas.
(3) Date of business combination
December 27, 2023
January 31, 2024

(Date of conclusion of agreement)(Date of share acquisition)(4) Legal form of business combination
Acquisition of shares in consideration of cash(5) Name of combined company
The name has not been changed.
(6) Percentage of voting rights acquired
100%(7) Main reasons for determining acquisition of company
This was due to the acquisition of shares in exchange for cash.
2.

Breakdown by Acquisition Cost and Type of Consideration of Acquired Company
Consideration for acquisition

Cash

Acquisition cost

600 Million yen
600 Million yen

3. Breakdown and Amount of Major Acquisition-related Expenses
Not confirmed at this time.
4. Amount of Goodwill Generated, Cause of Occurrence, Amortization Method and Amortization Period
Not confirmed at this time.

- 10 -

5. Amount of Assets Accepted and Liabilities Assumed on Date of Business Combination and Main
Breakdown Thereof
Not confirmed at this time.

- 11 -