NISSO HOLDINGS Co., Ltd. (TSE Prime Market Code:9332)

Financial Results Briefing Materials for theFirst Quarter of FY 3/2025

August 7, 2024

CONTENTS
１

Financial Results Summary (FY 3/2025 1Q)

２

Financial Results by Service (FY 3/2025 1Q)

３Toward the Growth of the Nisso Group

４

Nisso Group Topics

５

Future Prospects (FY 3/2025)

６

Shareholder Return Policy

７

Financial Condition (FY 3/2025 1Q)

８Glossary
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved1１ Financial Results Summary (FY 3/2025 1Q)

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved2Summary
FY 3/2025 1Q Results●Achieved highest profits in 1Q since listing (including the listing period of NISSO CORPORATION)●Consolidated net sales increased by 6.4% year-on-year, and consolidated operating profit
increased by 75.4% year-on-year●In addition to increasing unit-costs, operations at high-profit business partners recovered●Revenue of the Engineering Human Resources Services increased due to the recovery ofoperations in the Semiconductor Industry and an increase in the number of enrolled engineers●Although the Automotive Industry was affected by certification issues, the impact on businessperformance was limited●Concluded a capital and business alliance agreement with TSUNAGU GROUP HD* (Securities
Code: 6551) and made it an equity-method affiliate*HD = Holdings

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

FY 3/2025 1Q Consolidated Financial Results Highlights(Unit: Million yen)

PointsFY 3/2024 1Q

Operating profit increased by 75.4% YoY

Results•

Due in part to an increase in billing unitcosts and an increase in the number ofenrolled staff in the focus industries, net
sales increased by 6.4% YoY.

•

The recovery in the Semiconductor
Industry led to growth in the highly
profitable Engineering Human Resources
Services.

••

In addition to net sales growth, the SG&A
expense ratio decreased by 0.1 percentage
points YoY due in part to the appropriate
control of employee recruitment expenses.
Nursing Care・Welfare Services increased
revenue and decreased profits YoY.

% of Total

FY 3/2025 1Q
Results% of Total

Year-on-Year
Increase(Decrease)% Change

23,660100.0%

25,164100.0%

1,503

6.4%

Gross profit

3,722

15.7%

4,266

17.0%

544

14.6%

SG&A
expenses

3,221

13.6%

3,388

13.5%

166

5.2%

Operatingprofit

500

2.1%

878

3.5%

377

75.4%

Ordinary
profit

511

2.2%

887

3.5%

376

73.6%

Profitattributableto owners ofparent

316

1.3%

511

2.0%

195

61.6%

Net sales

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

4

FY 3/2025 Quarterly Consolidated Financial Results（Unit: Million yen）

Net sales

Up 75.4% YoY in 1Q

28,0001,200

24,038 23,625

24,00024,323

23,660 23,721

1,083

25,16425,15226,00022,000Operating profit（Unit: Million yen）

1,009
1,000

888

22,661

878

869

800

20,501

20,000600

500

18,000464

400
16,000

250

1Q

２Q

200

14,00012,000

259

１Q

２Q

３Q

【FY 3/23】

４Q

１Q

２Q

３Q

【FY 3/24】

４Q

１Q【FY 3/25】

0３Q【FY 3/23】

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

４Q

１Q

２Q

３Q

【FY 3/24】

４Q

1Q【FY 3/25】

5

２ Financial Results by Service (FY 3/2025 1Q)

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

6List of Group Companies
Our Company・
HoldingCompany

NISSO HOLDINGS Co., Ltd.

Consolidated
subsidiary

NISSO CORPORATION

Manufacturing dispatching・
contracting, employment placement,
etc.

Consolidated
subsidiary

Vector Shinwa Co., Ltd.

Manufacturing dispatching・
contracting, etc.

Consolidated
subsidiary

EYE'S Co., Ltd.

Manufacturing dispatching, IT
engineer dispatching, FA support,
etc.

Consolidated
subsidiary

Nisso Brain Co., Ltd.

Administrative dispatching, BPO, etc.

Consolidated
subsidiary

Nikon Nisso Prime Corporation

Human resources dispatching,recruitment, etc.

NISSO CORP.’sspecial-purpose
subsidiary

Nisso Pure Co., Ltd.

Light work contracting, sale ofgoods, etc.

Equity-method
affiliate

Leaf NxT Inc.

Recruitment support, HR platform
services, etc.

Equity-method
affiliate

TSUNAGU GROUPHOLDINGS Inc.

RPO, personnel consulting, etc.

Consolidated
subsidiary

Nisso Nifty Co., Ltd.

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

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

Manufacturing
・Production
Human
Resources
Services

Engineering
Human
Resources
Services

Administrative Human Resources
Services

Other Human Resources
Services

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

6%

Administrative HR* Services

3%

Manufacturing
・Production

19,616 Million yen

2%Engineering
HR* Services
10％

Engineering

FY 3/2025 1Q
Consolidated net sales

Administrative

25,164 Million yen

2,612 Million yen

573 Million yen(YoY: up 6.4%)

Other Human
Resources
Services

Manufacturing・Production
Human Resources Services
78％

1,595 Million yen

Nursing Care・Welfare Services
Nursing Care・Welfare765 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)

Net Sales

Manufacturing・Production
Gross Profit Margin

Manufacturing・Production
Net Sales

In 1Q, manufacturing・production net sales
increased by 4.5% YoY, partly due to anincrease in the number of enrolled
manufacturing・production staff and anincrease in billing unit-costs.

(Unit:%)(Quarterly)
22,00020,000FY 3/24
20,011

19,61628.0

FY 3/24

FY 3/2524.0

19,14318,937

18,770FY 3/25

20.0

17.2

18,000
16.0

Manufacturing・Production
Manufacturing・Production
GrossProfit
ProfitMargin
MarginGross

16.3

16,000
12.0

The manufacturing・production gross profit
margin was 17.2%, an improvement of 0.9
percentage points YoY.

14,0008.0

12,00010,000

4.0

0.0

１Q

２Q

３Q

４Q

１Q

２Q

３Q

４Q

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

10Manufacturing・Production Human Resources Services(Unit: # of Staff)(Unit: Thousand yen)

Avg. Monthly Net Sales per Capita

Number of Enrolled Manufacturing・Production Staff at Quarter-end

Manufacturing・Production
Avg. Monthly Net Sales per Capita

Manufacturing・production net sales per capita
increased by 2.2% YoY.

FY 3/24

500
450

427

436

428

FY 3/25434

433

FY 3/24

FY 3/25

16,00014,917
14,761
14,761400

14,963

14,793350

Number of Enrolled Staff

14,000300

The number of enrolled manufacturing・
production staff increased by 156 YoY.

１Q

２Q

３Q

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

12,000(Monthly Avg.)

5

FY 3/24

FY 3/25

Turnover Rate

10,000The manufacturing・production turnover rateincreased by 0.1 percentage points YoY, but
remained below 4%.

4

3.8
3.7

3.9

3.8

3.9
8,000

3

1Q

2Q

3Q

4Q

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

１Q

２Q

３Q

４Q

11

Engineering Human Resources Services(Unit:%)(Unit: Million yen)

Net Sales

Engineering
Gross Profit Margin

Engineering Net Sales

In 1Q, engineering net sales increased by
20.2% YoY, partly due to an increase in thenumber of enrolled engineers and therecovery of operations in the Semiconductor
Industry.

(Quarterly)
FY 3/242,700

FY 3/25

28.0

FY 3/24

Up 20.2% YoY in 1Q

2,612

24.0
2,500

FY 3/25

22.4

2,441
20.0

2,320

17.5

2,300

2,174

Gross Profit Margin

16.0

2,143

2,100
12.0

The engineering gross profit margin improved
by 4.9 percentage points YoY and was morethan 20%, which was 5.2 percentage points
higher than that of manufacturing・production.

1,900

8.0

1,700

1,500

4.0

１Q

２Q

３Q

４Q

0.0

１Q

２Q

３Q

４Q

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

12Engineering Human Resources Services(Unit: # of Engineers)
Number of Enrolled Engineers
at Quarter-end(Unit: Thousand yen)
Engineering
Avg. Monthly Net Sales per Capita

Avg. Monthly Net Sales per Capita
Engineering net sales per capita increased by
10.6% YoY, partly due to the recovery ofoperations in the Semiconductor Industry.

600

FY 3/24

FY 3/25

496

505

537

550

485

500

485

1,700

450
400

１Q

The number of enrolled engineers increased by
215 YoY.

２Q

３Q

４Q

1,500

(Unit: %)

1,400

1,470

1,479

1,505

Engineering Trend of Turnover Rate
(Monthly Avg.)

3

The engineering turnover rate improved by 0.8
percentage points YoY., and remained at a low
level of less than 2%.

1,685

1,544

300

Turnover Rate

FY 3/25

1,600

350

Number of Enrolled Engineers

FY 3/241,800

FY 3/242.3

2.2

FY 3/25

2.1

2
1

1,300

2.0

1,200

1,100

1.5

1,000

0

1Q

2Q

3Q

4Q

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

１Q

２Q

３Q

４Q

13

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

(Unit: # of Staff)

Number of Enrolled Administrative Staff
at Quarter-end

Administrative Net Sales

Administrative Human Resources Services(Quarterly)

1,000

In 1Q, administrative net sales increased by
5.3%, partly due to an increase in thenumber of enrolled administrative staff.

900

FY 3/24

800
700
600

FY 3/25

1000

531

554

700

531

600

１Q

２Q

３Q

0

４Q

※Internal transactions have been eliminated(Unit: Million yen)※Prime employees: Senior employees

１Q

２Q

３Q

４Q

100

Other Human Resources Services(Unit: # of Employees)

Other Net Sales

1,408

400

FY 3/24

1,595
1,348

1,505

(Unit: # of Employees)

Employees
w/ Disabilities

Prime Employees(Quarterly)

2,100

FY 3/25

800

721

700

1,445

300

600
500

1,200

300

600

100

200

300

252

200

400

900

0

562

200

100

・Nisso Pure Co., Ltd. has created a workplaceenvironment where diverse humanresources can flourish, and the number of
employees with disabilities in 1Q was 252.

552

300

200

1,500

555

400

300

1,800

553 559

500

400

・Nikon Nisso Prime Corporation supports theactive participation of Prime employees, andthe number of Prime employees in 1Q was
721.

FY 3/25800

544 573500

0FY 3/24

900

100

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

Achievements of Industry Strategy
for Expansion ofGeneral Human Resources Services

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

15

Toward the Expansion of General Human Resources Services(Industry Strategy)
Expanding Manufacturing・Production and Engineering Human Resources Services by responding
to the human resources needs of Japan's leading industries, such as
Automotive, Semiconductor, and Electronics

Industry Strategy Industries driving Society 5.0
Automotive
Industry

Semiconductor
Industry

Electronics
Industry

Automobiles/
EV-related
Semiconductors/
semiconductor
manufacturing
equipment
Communicationequipment/
electronic components

We also actively participate in industry-government-academia collaborations, and are currently participatingin 5 educational consortiums nationwide to promote the improvement of the quality of education.

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

16

FY 3/2025 Industry Strategy Trends
Automotive

Industry(Automobile manufacturing・
EV-related manufacturing industry)
Clear & sunny☼

Cloudy, thensunny
Production
Trends☼Will increase graduallyWill be busy in 2H

SunnyOperational
Trends☼Cloudy &sometimes
sunnyWill normalize
Will be busy in 2H☼

Will expand

Manufacturing equipment・memory will recover
Power semiconductors will be strong
Will watch for variables☼☼

Will gradually expand

Cloudy &sometimes
sunnyWill increase gradually

Cloudy, thensunnyWill normalize
Will be busy in 2H

SunnyWill be vigorous

Electronics

Industry(Electronic equipment manufacturing industry)
Sunny

Sunny

Clear & sunny
Personnel
Trends

Semiconductor

Industry(Semiconductor manufacturing industry)晴Will expand

CapitalInvestment※NISSO HOLDINGS’ own forecasts (Changes from the previous version: Red)☼

Will normalize

SunnyWill recover
Will be busy in 2H

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved☼Will recover17

FY 3/2025 1Q Net Sales by Industry
Consolidated Net Sales
Composition Ratios(Unit: Million yen)

Automotive

Semiconductor

Electronics(Automobile manufacturing・
EV-related manufacturingindustry)(Semiconductor manufacturingindustry)(Electronic equipment
manufacturing industry)Up 7.5% YoY

Up 1.6% YoY

Up 16.4% YoY

Although affected bycertification issues, etc.,
improved gradually andremained at the samelevel YoY

Increased YoY

Slightly increased
YoY

Industry

Industry

Industry

N
E
T

2,348

＋16.4％（9.9％）

3,208

＋1.6％

（13.6％）

9,499（40.1％）

＋7.5％

2,732
（10.9％）

3,259（13.0％）

10,209（40.6％）※（ ）= % of consolidated net sales, Red = % of Year-on-Year growth

1
S
T
Q
U
A
R
T
E
R
T
R
E
N
D
S

S
A
L
E
S
O
P
E
R
A
T
I
O
N
A
L
P
E
R
S
O
N
N
E
L

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

Increased YoY

18

Nursing Care・Welfare Services

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19

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 for the elderly andprovide 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, 2 in Iwaki City, Fukushima,and 2 outpatient care facilities in Iwaki City, Fukushima.

TopicsNisso Nifty Co., Ltd. concluded an agreement with Yokohama National University, anational university corporation, for joint research on environmental adaptation ofresidents in facilities for the elderly.
4 "Sweetpea" facilities were provided as demonstration fields for the research.
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved20

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 by 0.5% YoY.
• Gross profit decreased by 8.8% YoY, partly
due to an increase in personnel expenses,
etc.
Net sales

FY 3/24 1Q

FY 3/25 1Q

Results

Results

Gross profit（Unit: Million yen）

Year-on-Year
Increase(Decrease)% Change

761

765

４

0.5%

94

86

(８)

(8.8%)(Unit: # of residents)

Number of facility residents

Occupancy
入居率
rate

# of
入居者数
residents[Bldg.1-6] (capacity:402)
400※Internal transactions have been eliminated

380

380

378

377

381

94.5%

94.5%

94.0%

93.8%

94.8%

Mar'23-end
23年３月末23年６月末Jun'23-end

23年９月末
Sep'23-end

23年12月末
Dec'23-end

24年３月末Mar'24-end

381

300
200

94.8%

100
0

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

24年６月末Jun'24-end

21

Human Resources Development of
the Nisso Group

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

22Development Strategy

Nationwide Network of Training Bases

Nagano Prefectural Governor
Accredited Vocational
Training School

Hokkaido Semiconductor Human
Resources Development
Promotion Council

Tomakomai Training Center

Nisso Technical Center
Naka-Nihon (Okaya City, Nagano)(Tomakomai City, Hokkaido)

Participation from August 2023

Tohoku Semiconductor and Electronics
Design Study Group

Nisso EV Technical Center
Kansai (Omihachiman City, Shiga)

Participation from November 2022
Miyagi Prefectural Governor
Accredited Vocational
Training School

March, 2024

Chugoku Regional Semiconductor
Industry Promotion Council

Nisso Technical Center
Higashi-Nihon (Kurihara City, Miyagi)

Participation from November 2022

Kyushu Semiconductor Human
Resources Development Consortium

Ota Training
CenterParticipation from April 2023

(Ota City, Gunma)

Nisso Techno Center(Yokohama, Kanagawa)Kumamoto Prefectural Governor
Accredited Vocational
Training School

Nisso Technical Center
Kumamoto (Ozu-machi, Kumamoto)※Opened in April 2023 ※ Expansion in May 2024

Kansai Storage Battery
Human Resources
Development Consortium
Participation from November 2023

Hamamatsu Training Center(Hamamatsu City, Shizuoka)

Toyota Training Center (Toyota City, Aichi)

In order to meet the human resources needs of each industry, we will open new educational facilities
and further promote industry-government-academia collaboration
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23

Nisso Group's Educational Achievements
Points・We aim to provide high value-added
services and expand educational
opportunities for the entire Nisso
Group.
・The number of participants for engineer
training increased YoY, partly due to therecovery in the Semiconductor Industry.
※ YoY: 402 (last FY)
・ In nursing care・welfare training, theeducational curriculum has been
expanded with the aim of improving
service levels.
・ The external employee training functions
have been expanded and released as the”NISSO HR Development Service”, and its
demand is steadily growing.
※YoY: 91 (last FY)※Released on June 3, 2024
https://www.Nisso-hd.com/news/859/(in Japanese only)● FY 3/2025 1Q Educational achievements (total # of participants)
Classification

Training content

FY 3/25 1Q(Direct)
Engineer training

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

534

(Direct)
Manufacturing・production
training

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

3,676

(Direct)
Other training

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

402

Nursing care・welfare training

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

782

Total

External employee training(Entrusted)

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

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

5,394
139

24

３ Toward the Growth of the Nisso Group

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25

Toward the Realization of the Nisso Group Growth Cycle
MeasureFlexible M&A

FY 3/2024

FY 3/2025

Invested in APB Corporation
Made EYES Co., Ltd. a subsidiary
Formed capital and business alliance with TSUNAGUGROUP HOLDINGS Inc. (Securities Code: 6551)

Capital and business alliances to enhance synergies

Acquisition of new points of contact

Exhibited at Manufacturing World Japan
Exhibited at Kumamoto Industrial Revitalization Expo

Collaboration with other industries

Seconded engineer to Interstellar Technologies Inc.,a rocket development company

Released the "NISSO HR Development Service“
Exhibited at Manufacturing World Japan

Concluded agreements and letters of intent withforeign educational institutions regarding employment
in JapanResponding to human resources mobility

Active industry-government-academia collaboration

Participated in the Kyushu Semiconductor Human
Resources Development Consortium, the Kansai
Storage Battery Human Resources Development
Consortium, and the Hokkaido Semiconductor
Human Resources Development Promotion Council

Strengthening of recruitment structures

Established a recruitment consortium
Increased awareness of the of our recruitment site
(Aired TV commercials)

Enhanced the efficiency of the recruitment consortium
Increased awareness of the of our recruitment site
(Continued airing of TV commercials)

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved26

４ Nisso Group Topics

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved27

Nisso Group Topics
Capital and Business Alliance withTSUNAGU GROUP HOLDINGS
Establishing a collaborative sales structure bysharing the client bases of both companies

Human
resources

Clients

Expertise

Collaboration on recruitment projects of bothcompanies
Joint support for client personnel (HR)departments
Collaboration in the global area
Integrating the assets of both companies
and maximizing the services provided
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved*HD = Holdings

28

Nisso Group Topics

Completion・inauguration ceremony of
Nisso Technical Center Kumamoto Building 2

Conclusion of agreements and letters of intent witheducational institutions in Vietnam

・The completion and inauguration ceremony of Nisso TechnicalCenter Kumamoto Building 2 was held on May 30, 2024
・The facility also accommodates the "NISSO HR Development
Service", our entrusted external employee training service, andfocuses on the development of external humanresources
・The facility will expand its functions as a training base with
influence in Kumamoto Prefecture and the entire Kyushu region,
and approximately triple its human resources development
capabilities

・Concluded agreements and letters of intent with 2 educational
institutions regarding human resources development, including
Japanese language education
・A scheme where students come to Japan after a 4-6 monthtraining period
・Considering assignments mainly in engineering positions inindustries where demand is expected to be high, such as
semiconductors and storage batteries

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved29

Nisso Group Topics
2024｜Apr.

2024｜May

2024｜Aug.

■ Announced the Financial
Results for FY 3/2024
 Capital and business alliance with TSUNAGUGROUP HD* Inc.
(Securities Code: 6551)■ 2024.08.07
To announce the Financial Results
for the First Quarter of FY 3/2025■ To announce the Medium-termManagement Plan

2024｜Oct.

 Expansion of Nisso Technical Center
Kumamoto■ 2024.10.23～10.25
To exhibit at NEPCON NAGOYA NISSO CORPORATION concluded
agreements and letters of intent withforeign educational institutions regarding
employment in Japan

Apr.

May

Jun.

Jul.

2024｜Dec.

Aug.

Sep.

Oct.

Nov.

Dec.

■Decision made to introduce a share incentive
system for employee shareholding association■Nisso Nifty signed joint research agreementwith Yokohama National University2024｜Jul.

2024｜Sep.

■ 2024.11.07
To announce the Financial
Results for the First Six Months
of FY 3/2025 (Scheduled)■NISSO CORPORATION expanded its entrusted external employee training service,
and released the "NISSO HR Development Service"■ 2024.06,19～06.21
Exhibited at Manufacturing World(Tokyo)2024｜Jun.
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved2024｜Nov.
*HD = Holdings

30

５ Future Prospects (FY 3/2025)

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31

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 Reserved32

６ Shareholder Return Policy

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved33

Shareholder Return Policy
Dividend and Payout Ratio

Basic Policy
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)

20.50 yen
20.00

100%

22.00 yen90%
80%

18.00 yen
16.00 yen

70%

15.00

60%
50%

FY 3/2025 Dividend Forecast

10.00

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

36.0%

33.5%

35.4％

30.0％

40%
30%

5.00

20%
10%

0.00

FY 3/2022

FY 3/2023

FY 3/2024

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

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved34

７ Financial Condition (FY 3/2025 1Q)

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved35Consolidated Balance Sheet
Point

Mar. 2024-end① Increase due to expansion of operating
personnel
Due to the expansion of operating personnel inthe manufacturing-related human resources
services, "notes and accounts receivable (trade)"of current assets and "accrued expenses" ofcurrent liabilities increased.

Current assets
Cash and deposits
Notes and accounts receivable - tradeNon-current assets
Property, plant and equipment
Intangible assets② Tax payments"Income taxes payable" of current liabilities
decreased due to the payment of income taxes
and other taxes.

Investments and other assets
Total assets
Current liabilities③ Bonus payments
Due to the payment of summer bonuses,"provision for bonuses" of current liabilities
decreased.

Accrued expenses
Income taxes payable
Provision for bonuses④ Dividends
Shareholders' equity decreased due to dividend
payments.

Non-current liabilities
Long-term loans payable⑤ Overall
As a result of the above, total assets
decreased by 2.8%, total liabilities decreased by
4.5%, and total net assets decreased by 1.1%,
resulting in an equity ratio of 48.9% compared tothe end of the previous fiscal year.

Total liabilities
Shareholders' equity
Non-controlling interests
Total net assets
Total liabilities and net assets(Unit: Million yen, %)Jun. 2024-end

Amount % of Total Amount % of Total
21,89969.8
19,79365.0

Increase(Decrease)(2,106)

9,641

30.7

6,459

21.2

(3,181)

11,23835.8

12,135

39.8

896

9,455

30.2

10,679

35.0

1,224

5,072

16.2

5,226

17.2

154

1,611

5.1

1,564

5.1

(47)

2,771

8.8

3,889

12.8

1,117

31,354100.0

30,472

100.0

(881)

13,36042.6

12,759

41.9

(600)

6,553

20.9

7,021

23.0

467

795

2.5

61

0.2

(734)

1,479

4.7

816

2.7

(662)

2,660

8.5

2,546

8.4

(114)

1,550

4.9

1,422

4.7

(128)

16,02151.1

15,306

50.2

(715)

14,93947.6

14,779

48.5

(159)

275

0.9

272

0.9

(3)

15,33348.9

15,166

49.8

(166)

31,354100.0

30,472

100.0

(881)

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved36

８ Glossary

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved37

Glossary
Word/Term

Explanation

Manufacturing dispatching

Manufacturing dispatching is conducted in accordance with the "Act for Securing the Proper Operation of Worker Dispatching Undertakings andProtection 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 dispatchingdestination, 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 electronicequipment manufacturing. The contracting company uses part or all of the manufacturer's processes・equipment to establish 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.

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 the average 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, andsemiconductors. 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.

Recruitment consortium

A platform to increase the number of options for workers and facilitate matching by creating networks among human resources companies and sharing
their job opportunities. By cooperating with companies participating in the consortium, it is possible to improve the efficiency of recruitment and job
offers for both employers and job seekers.
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved38

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 anduncertainties. 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