First Quarterof FY 3/2024

Financial Results
Briefing Materials
Making hardworking people,
happy.

NISSO CORPORATIONTSE Prime Market Code:6569

August 9, 2023

Summary
FY 3/2024 1Q Results●Both net sales and operating profit were the highest for 1Q since NISSO's listing●Operating profit increased by 92.9% year-on-year●The impact of inventory adjustments in the Semiconductor Industry (memory field,etc.) continued●Although demand for components in the Electronics Industry was weak, it was ona recovery trend●Engineering net sales increased steadily●Full-scale assignment of new graduate engineers to start from July

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

1CONTENTS

1

FY 3/2024 1Q

Financial Results Summary2

FY 3/2024 1Q

Overview of NISSO’s Activities

3

Financial Results by Segment

4

Future Prospects (FY 3/2024)

5

Shareholder Return Policy

6

Supplementary Materials

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved2

１

FY 3/2024 1Q

Financial Results Summary

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3

From Account Strategy to Industry Strategy
NISSO will contribute to the industries that drive Society 5.0 throughtraining and human resources development

Account Strategy

Industry Strategy Industries driving Society 5.0

Top domestic
manufacturers

Automotive

CompanyD

Industry

CompanyA
CompanyC

Semiconductor
Industry
Company
B

Electronics
Industry

To date, NISSO has adopted an accountstrategy that aims to contribute to the growthof Japanese MONOZUKURI by treating eachclient individually and intensively responding to
the needs of our target clients.

Automobiles/
EV-related
Semiconductors/
Semiconductor
manufacturing
equipment
Communications
equipment/
Electronic components

In the future, as the industrial structure will change at an accelerated pace against the
backdrop of technological innovation and environmental issues, NISSO will proactively andspeedily respond to the needs of new clients through the development of human resources
tailored to the needs of each industry that we are focusing on.
Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

4

FY 3/2024 1Q Consolidated Financial Results Highlights（Unit: Million yen）

PointsFY 3/2023 1Q

Operating profit increased by 92.9% YoY

Results• Net sales increased by 15.4%, partly due
to an increase in the number of enrolled
staff and a gradual recovery in operationsin the Automotive Industry.
• Other Businesses (Nursing Care・Welfare
Services) increased revenue and profits
YoY.

% of Total

FY 3/2024 1Q
Results% of Total

Year-on-Year
Increase(Decrease)% Change

20,501100.0%

23,660100.0%

3,158

15.4%

Gross profit

3,114

15.2%

3,722

15.7%

608

19.5%

SG&A
expenses

2,854

13.9%

3,221

13.6%

367

12.9%

Operatingprofit

259

1.3%

500

2.1%

241

92.9%

Ordinary
profit

313

1.5%

511

2.2%

197

62.9%

Profitattributableto owners ofparent

182

0.9%

316

1.3%

134

73.8%

Net sales

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

（Unit: Million yen）

Net sales

Operating profit
Up 92.9% YoY
24,038 23,625

24,00023,66022,661888

900

22,00020,282

1,000

869

800

20,572 20,501

680

700

20,00018,045 18,649

582

600

18,000

500

500
470
354

400

16,000259

300
14,000250

200
12,000100
010,000

１Q

２Q

３Q【FY 3/22】

４Q

１Q

２Q

３Q

【FY 3/23】

４Q

１Q【FY 3/24】

1Q

２Q

３Q

【FY 3/22】

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

４Q

１Q

２Q

３Q

【FY 3/23】

４Q

1Q【FY 3/24】

6

FY 3/2024 1Q Non-consolidated Financial Results Highlights
Net Sales（Unit: Million yen）

Increase by 9.2% YoY due to recovery inoperations• Net sales increased YoY, partly due to anincrease in the number of enrolled staff
and a gradual recovery in operations in
the Automotive Industry.

FY 3/2023 1Q

FY 3/2024 1Q

Results

Results% of Total% of Total

Year-on-Year
Increase(Decrease)% Change

18,958100.0%

20,711100.0%

1,753

9.2%

Gross profit

2,949

15.6%

3,365

16.3%

416

14.1%

SG&A
expenses

2,685

14.2%

2,912

14.1%

226

8.4%

Operatingprofit

263

1.4%

453

2.2%

189

72.0%

Ordinary
profit

310

1.6%

465

2.2%

154

49.9%

Profit

190

1.0%

299

1.4%

109

57.3%

Net sales

Expenses・Profits
Gross profit increased by 14.1%• Although the impact of parts shortages
in the Automotive Industry continued tosome extent, the gross profit margin
improved by 0.7 percentage points YoY
partly due to a gradual recovery inoperations.
• Recruitment costs were made more
efficient, and the SG&A ratio improvedby 0.1 percentage points YoY.

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7

FY 3/2024 1Q Quarterly Non-consolidated Financial Results（Unit: Million yen）

（Unit: Million yen）

Operating profit

Net sales

Up 72.0% YoY
1,000

22,00021,147 20,754

20,711

19,91620,00018,68718,000

900

845

800

19,028 18,958

867

685

700

16,684 17,296

566

600
500

16,000

482
380

400
14,000

453

300

263

291

１Q

２Q

200

12,000100
010,000

1Q

２Q

３Q【FY 3/22】

４Q

１Q

２Q

３Q

【FY 3/23】

４Q

１Q【FY 3/24】

1Q

２Q

３Q

【FY 3/22】

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

４Q

３Q【FY 3/23】

４Q

1Q【FY 3/24】

8

2

FY 3/2024 1Q

Overview of NISSO’s Activities

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

9

FY 3/2024 1Q Non-consolidated Financial Results Summary
Non-consolidated Financial Results Summary

Net Sales
Operating Profit

20,711 Million yen （+1,753 Million yen／ +9.2％）
453 Million yen （ +189 Million yen／+72.0％）

Non-consolidated Indicator Summary● Focused Industry Net Sales (YoY)

・Focused industry net sales, which are the sum of the Automotive, Semiconductor,

Focused Industries Total…＋8.1％

and Electronics Industries, increased by 8.1% YoY.

※Total of Automotive, Semiconductor, and Electronics Industries● 1Q-end Number of Enrolled Staff
16,132 staff(+862 staff YoY)

・The number of enrolled staff increased by 862 YoY.
・Enrollment increased, mainly in the Automotive Industry.

● Avg. Monthly Net Sales per Capita
427 Thousand yen(+17 Thousand yen YoY)

・Average monthly net sales per capita increased by 4.0% YoY due in part to a gradual
recovery in operations in the Automotive Industry and an increase in billing unit-costs.

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

10

FY 3/2024 1Q Net Sales by Industry (NISSO, Non-consolidated)（Unit: Million yen）

Net Sales Composition Ratios

Electronics(Electronic equipment
manufacturing industry)

2,710(13.3％)（14.3％）

3,220(0.4％)（42.2％）

FY 3/23 1Q ※Reference※（

Personnel
TrendsDown
13.3% YoY

Sluggish but
partlyrecovered

Sluggish but
partlyrecovered

Down
0.4% YoY

Manufacturing
equipment andsemiconductor
memory weresluggish, but
power
semiconductors
were steadySluggishUp
18.8% YoY

Someeffects ofparts
shortages
continued

Steady

2,348
3,208

（15.5％）

Semiconductor(Semiconductor
manufacturing industry)＋18.8％

Operational
Trends（11.3％）（17.0％）

7,995

Net
Sales

9,499
（45.9％）

FY 3/24 1Q

Automotive(Automobile manufacturing・
EV-related manufacturingindustry)）= % of Non-consolidated net sales, Red = % of Year-on-Year growth

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11

FY 3/2024 Quarterly Net Sales by Industry (NISSO, Non-consolidated)（Unit: Million yen）

Automotive

2,710（14.3％）

Semiconductor（13.0％）

3,631（18.2％）

7,995

8,478

（42.2％）（42.6％）

１Q

２Q（17.0％）

2,481

2,598

3,220

Electronics

2350（11.3％）（11.3％）

3,776

3518

3,208

（17.9％）（17.0％）（15.5％）

9,335

9485

9,499

（44.1％）（45.7％）（45.9％）

３Q

４Q

１Q

【FY 3/23】※（）= % of Non-consolidated net sales

2,348（11.7％）※Reference

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12

Average Monthly Net Sales per Capita（NISSO, Non-consolidated）●FY 3/2024 1Q YTD

Avg. monthly net sales per capita

427Thousand yen (+17 Thousand yen YoY)

●The average monthly net sales per capita increased YoY, due in part to a gradual recovery of operations in the Automotive Industry
and an increase in billing unit-costs.
（Unit: Thousand yen）

（Unit: Thousand yen）

Avg. Monthly Net Sales per Capita

Avg. Monthly Net Sales per Capita(Quarterly)

450

427
409

450

423

411

400

400

350

350

300

440
409

406

１Q

２Q

421

424

428

427

４Q

１Q

411

300

FY 3/22 1Q FY 3/23 1Q FY 3/24 1Q

３Q

４Q

１Q

【FY 3/22】
Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

２Q

３Q【FY 3/23】【FY 3/24】

13

Number of Enrolled Staff (NISSO, Non-consolidated)（Unit: # of Staff）

Year-on-Year

Number of Enrolled Staff at Quarter-end+862 staff (+5.6%)

16,111 15,998
15,73016,000

Point
Highest enrollment achieved since
NISSO's listing

16,132

14,71515,00014,945

15,27014,225・Due to the curbing of enrolled staff leaving
NISSO, enrollment reached a record highsince NISSO's listing.
・Human resources needs in the Automotive
Industry were strong, which led to anincrease in the number of enrolled staff.

14,00013,856

13,00012,00011,00010,000

１Q

２Q

３Q

４Q

【FY 3/22】

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

１Q

２Q

３Q

【FY 3/23】

４Q

１Q【FY 3/24】

14

Educational Achievements（NISSO, Non-consolidated）● FY 3/2024 1Q Educational achievements (total # of participants)

Point(Unit: # of participants)

Although the overall number of participants
decreased YoY due in part to a decrease inproduction of semiconductor memory andelectronics, the number of participants eachmonth was on an upward trend. The fullscale assignment of new graduates arescheduled from July.

Classification

Training content

FY 3/23 FY 3/24
YoY
1Q
1Q
Comparison（Direct）
Engineer training

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

515

402

78.1%

（Direct）
Other training

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

4,808

4,037

84.0%

Indirect training

Business manners
Career enhancement
Life planning
Semiconductor seminars, etc.

244

241

98.8%

Total

5,567

4,680

84.1%

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15

3

Financial Results by Segment(FY 3/2024 1Q)

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16

Net Sales by Segment (Services)
FY 3/2024 1Q
General Human Resources Services Business
20,00018,770FY 3/2024 1Q
Other Businesses(Unit: Million yen)

18,00020,000(Unit: Million yen)

18,00016,00016,00014,00014,00012,00012,00010,00010,000

8,000

8,000

6,000

6,000

4,000

4,000

2,174

2,000

544

1,408

0

2,000

765

0

Manufacturing・Production

Engineering

Administrative

Other

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Nursing Care・Welfare

17Manufacturing・Production Human Resources Services
Net Sales

Manufacturing・Production
Net Sales

In 1Q, manufacturing・production net sales
increased by 8.2% YoY, partly due to anincrease in the number of enrolled
manufacturing・production staff.

Number of Enrolled Manufacturing・Production Staff at Quarter-end(Quarterly)
16,000FY 3/23

20,00019,066

18,77018,000FY 3/23

FY 3/24
14,761
18,69017,987

Number of Enrolled Staff(Unit: # of Staff)(Unit: Million yen)

14,11814,40014,677

FY 3/232
14,586

14,00017,346

16,00012,000The number of enrolled manufacturing・
production staff increase by 643 YoY.

14,00010,00012,00010,000

8,000

１Q

２Q

３Q

４Q

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１Q

２Q

３Q

４Q

18

Manufacturing・Production Human Resources Services(Unit: Thousand yen)

Avg. Monthly Net Sales per Capita

Manufacturing・Production
Avg. Monthly Net Sales per Capita

Manufacturing・production net sales per capita
increased by 4.9% YoY.

450

407

427

FY 3/23

421

413

422

FY 3/24

400

350

300

１Q

２Q

３Q

４Q

Turnover Rate

(Unit: %)The manufacturing・production turnover rate
improved by 0.1 percentage points YoY, andremained below 4%.

Manufacturing・Production
Trend of Turnover Rate
5

4

FY 3/233.8

4.0

FY 3/24

3.8

3.9

3Q

4Q

3.7
3

1Q
Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

2Q

19Engineering Human Resources Services
Net Sales(Unit: Million yen)

Engineering Net Sales

In 1Q, engineering net sales increased by
19.8% YoY, partly due to an increase in thenumber of enrolled engineers.

(Unit: # of Engineers)

Number of Enrolled Engineers
at Quarter-end(Quarterly)
FY 3/23

2,500

2,345

FY 3/24
2,295

2,174 2,171

2,000

FY 3/23

1,600
2,000

FY 3/24

1,800

1,814

1,542
1,470 1,426

1,517

1,400

1,239
1,200

1,500

1,000

Number of Enrolled Engineers

800

1,000

The number of enrolled engineers increased by
231 YoY. Partly due to decreased production ofsemiconductor memory and electronics, thegrowth in the number of enrolled engineers
slowed.

600
500

400
200

0

１Q

２Q

３Q

４Q

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

0

１Q

２Q

３Q

４Q

20

Engineering Human Resources Services(Unit: Thousand yen)

Avg. Monthly Net Sales per Capita

Engineering
Avg. Monthly Net Sales per Capita

Engineering net sales per capita decreased by
5.5% YoY as a result of decreases in overtimeand holiday work, partly due to a slowdown insemiconductor memory.

600
550
500

FY 3/23
524

514

524

FY 3/24
518

485

450
400
350
300

１Q

２Q

３Q

４Q
(Unit: %)Turnover Rate
Engineering Trend of Turnover Rate
The engineering turnover rate remained at
the same level YoY.
3
2

FY 3/23

2.3

FY 3/24

2.3

2.2

2.1

2.1

1Q

2Q

3Q

4Q

1
0

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

21

Toward the Growth of Engineering Human Resources Services
Producing high value-added human resources through nationwide expansion of in-house training facilities
and industry-government-academia collaboration
Tomakomai Training Center(Tomakomai City, Hokkaido)

Nagano Prefectural Governor
Accredited Training School

Tohoku Semiconductor andElectronics Design Study Group

Nisso Technical Center Naka-Nihon(Okaya City, Nagano)Participation from November 2022

Toyota Training Center(Toyota City, Aichi)

Miyagi Prefectural Governor
Accredited Training School

Nisso Technical Center Kyushu(Buzen City, Fukuoka)

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

Kyushu Semiconductor
Human Resources
Development Consortium

Ota Training Center(Ota City, Gunma)

Participation from April 2023

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

Chugoku Regional
Semiconductor Industry
Promotion Council

Nisso Technical Center Kumamoto

Hamamatsu Training Center(Hamamatsu City, Shizuoka)

Participation from November 2022

(Otsu-cho, Kumamoto)

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

22

Toward the Growth of Engineering Human Resources Services
Highly efficient human resources development throughin-house developed e-learning system
Point
In order to strengthen the ability to develop high value-added human resources, NISSO has developed an e-learning system for
manufacturing education and engineer training as new educational content for our employees.
With the key phrase "knowing makes it possible", NISSO is promoting DX in the education field. By utilizing this system, educational
opportunities will be expanded.
After in-house operation of this system for employee education, NISSO is considering selling it to the general public.

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

23

Toward the Growth of Engineering Human Resources Services
Promoting the Development・Supply of Semiconductor Manufacturing
Human Resources in collaboration with Mitsubishi Research Institute
By utilizing the human resources matching service "JOBMINEs ™" of Mitsubishi Research Institute, Inc. (MRI), NISSO will jointly
promote the development and supply of engineer human resources in the semiconductor manufacturing field and other fields.
• Ability to select engineer candidates and reskilling candidates based on their work experience.
• By improving matching accuracy and developing human resources, NISSO will be able to address the social issue of humanresources mobility.
Satisfy client needs/expand business opportunities

Employees

Visualization of
insufficient abilities

NISSO Human Resources DB

Client Companies

Centralized humanresources management

Acquisition of
insufficient abilities

Human Resources
Visualization

Sales Representatives

Career Path Assistants

Technical Centers

Human Resources Matching Service

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

24Administrative・Other Human Resources Services(Unit: # of Staff)(Unit: Million yen)

Administrative Net Sales

Administrative Human Resources Services(Quarterly)

1,000

900

In 1Q, administrative net sales decreased by
7.1% YoY, partly due to a decrease in thenumber of enrolled administrative staff.

FY 3/23

FY 3/24

800
700

586

600

Number of Enrolled Administrative Staff
at Quarter-end
1000

FY 3/23

900
800

544

562

566

563

700
600

500

600

598

627

605

２Q

３Q

４Q

553

500

400

400

300

300

200

200

100

100

0

１Q

２Q

３Q

0

４Q

Other Human Resources Services

１Q(Unit: Million yen)・Nikon Nisso Prime Corporation supports theactive participation of senior employees.
・The number of senior employees was 622.
・Nisso Pure Co., Ltd. has created a workplaceenvironment where diverse humanresources can flourish.
・The number of employees with disabilities
was 223.

FY 3/24(Unit: # of Staff)

Number of Enrolled Senior Staff・
Employees w/ Disabilities

Other Net Sales(Quarterly)
1,800

FY 3/23

1,408

1,500

800

1,179

1,298

FY 3/24

1,321# of senior employees

622

600

1,200

500

900

400
300

600

# of employees with disabilities

700

223

200
300

20

100

0

１Q

２Q

３Q

４Q

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

0

１Q

２Q

３Q

４Q

25

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

Points• The overall occupancy rate of nursing carefacilities remained high at 94.5%.
• Net sales increased by 3.8% YoY.

FY 3/23 1Q

FY 3/24 1Q

Results

Results

Net sales

737（Unit: Million yen）

Year-on-Year
Increase(Decrease)765% Change28

3.8％(Unit: # of residents)

Number of facility residents

# of
入居者数
residents

Occupancy
入居率
rate[Bldg.1-6] (capacity:402)
400

380

364

369

375

375

380

90.5%

91.8%

93.3%

93.3%

94.5%

94.5%

Mar'22-end

Jun'22-end

Sep'22-end

Dec'22-end

Mar'23-end

Jun'23-end

300
200
100
0

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26

Recruitment Initiatives
NISSO's Recruitment Site

A specialized site that is an absolutecustomer attraction tool
"Kyoto Kyujin Navi" is attracting more customers as arecruitment site specializing in the manufacturingindustry.
NISSO will continue to enhance usability in the future.
URL:https://www.717450.net/(in Japanese only)"engineer works" expands and enhances the range ofoccupations listed from manufacturing engineers to
IT engineers.
URL: https://www.717450.net/special/engineerworks.html(in Japanese only)“Kojo Kyujin Navi”
Application Share (FY 3/2024 1Q)

Media Channels and Characteristics
24.8%

Owned media share: 50% or more
Efficient recruitment with reduced recruitment costs is implemented throughmedia management centered on NISSO's own recruitment site.
About 50% or more of the application share in 1Q was attracted by owned
media.

NISSO's site

50.3%
24.9%

Other company's sites
Other

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27

Recruitment Initiatives
TV Commercial Promotion
In order to raise awareness of NISSO's recruitment site "Kojo Kyujin
Navi", we continued to conduct promotional activities through TV
commercials featuring actress Yuina Kuroshima.
As a result, the number of users of has expanded. (Up 29% YoY)
URL: https://www.717450.net/cm/(in Japanese only)

Hybrid Recruitment Interviews
Interview ratio (FY 3/2024 1Q)

In order to meet the needs of job seekers, NISSO uses both in-person (real) interviews andonline interviews.
In order to improve the interview utilization rate, NISSO trains and assigns interviewers
who can respond to various needs.
59.8%

Branding Strategy SNS utilization, etc.

Real interviews
Web interviews

NISSO is enhancing recognition and strengthening
application acquisition by utilizing SNS and video
content. NISSO disseminates information that makes
the best use of the characteristics of each SNS.

twitter

40.2%

YouTubeFacebook

TikTokLINE

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved28

First Exhibition at Manufacturing World Japan 2023
Exhibited at the 1st MONOZUKURI (Manufacturing)
ODM/EMS Exhibition
With the aim of promoting understanding of NISSO's business,
we exhibited at the 1st MONOZUKURI ODM/EMS Exhibition of
Manufacturing World Japan 2023, which was held at Tokyo Big Sight
from June 21 (Wed.) to June 23, 2023 (Fri.), for the purpose ofbusiness expansion.
Approximately 1,000 people, mainly technical manufacturers,
visited.
NISSO plans to continue exhibiting at exhibitions in the future inorder to expand the high value-added areas that we are aiming for.

Exhibition Overview | Content
Nisso Technical Center Higashi-Nihon VR
Promotion of NISSO's strengths in education
Tour of the training facility via VR without
actually visiting the site

AI
Information on AI services NISSO is working on
Enabled booth visitors to experience foreign
object detection with AI

Seminars
Two themes, the "Labor Market" and the"Dispatching Market" were prepared, andseminars were held alternately once an hour

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

29

Toward the Realization of the Nisso Group Growth Cycle
Responding to Human
Resources Mobility- Rapid changes in the client environment Local
communities

Realizationof highly
Transparent
dialogue

Administration

Responding to
EVs and DXSS

Active industrygovernmentacademia
cooperation

Practice ofdiversity

CS

Cross-industry
collaboration
Capital and businessalliances
M&A•

Miyagi Prefectural Governor
Accredited Training School

Nisso TC*
Higashi-Nihon

Nagano Prefectural Governor
Accredited Training School

Nisso TC
Naka-Nihon

ES•(Employees)
Improvement ofskillsdevelopment,
treatment
and work-styles

インダスト
Industry
Strategy
リー戦略

Kumamoto Prefectural
Governor Accredited Training
SchoolNisso TC
Kumamoto

Other human resources
development facilities• 6 locations
nationwide

Collaboration with other industries• Capital and business alliancewith DOCTORS Co., Ltd.
• Investment and partnershipagreement with Interstellar
Technologies Inc.

Development of semiconductor
human resources•

Acquisition of new points of contact(Promotion of understanding of NISSO's business)

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

Compliancewith laws andregulations

・Exhibition at Manufacturing
World Japan 2023

Joint research with MRI

Advanced humanresources development(Shareholders,
etc.)

Active industry-government-academia
collaboration• Tohoku Semiconductor andElectronics Design Study Group• Chugoku Regional
Semiconductor Industry
Promotion Council• Kyushu Semiconductor Human
Resources Development
Consortium•

Strengthening of recruitment structures•

Kojo Kyujin Navi•engineer works

Streamlining of humanresources development• Development of
e-learning system(Consideration of sales to the generalpublic)*TC=Technical Center

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved30

4

Future Prospects (FY 3/2024）

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

31

FY 3/2024 Full-year Consolidated Forecasts
In the full-year consolidated forecasts, in addition to the recovery of operations in the automobiles industry, demand forcomponents related to PCs and communication equipment is expected to gradually recover. Furthermore, in the semiconductor
memory field, etc., although the impact of inventory adjustments remain, NISSO expects revenue and profits to increase.
■FY 3/2024 Full-year Consolidated Forecast (April 1, 2023 ～ March 31, 2024)
FY 3/23 Results

Results(Unit: Million yen)

FY 3/24 Forecast% of Total

Forecast

Year-on-Year% of Total

Increase(Decrease)% Change

90,827100.0%

100,000

100.0%

9,172

10.1%

Operating profit

2,268

2.5%

3,600

3.6%

1,331

58.7%

Ordinary profit

2,349

2.6%

3,600

3.6%

1,250

53.2%

Profit attributable toowners of parent

1,622

1.8%

2,300

2.3%

677

41.8%

Net sales

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

32

Industry Trends
Automotive

Industry(Automobile manufacturing・
EV-related manufacturing industry)2
H

Semiconductor Industry(Semiconductor manufacturing industry)

Electronics

Industry(Electronic equipment manufacturingindustry)

Will gradually expand

Will expand

Will be flat

Production
Trends

Production growth will stall

Manufacturing equipment・memory will be sluggish
Power semiconductors will be strong

Will be sluggish in conjunction
with semiconductors

Operational
Trends

Impact of parts shortages willcontinue

Operations will be sluggish

Operations will be sluggish

Personnel
TrendsWill be steadyWill be sluggish

Will be sluggish

CapitalInvestment

Will expand

Will expand further

Will gradually expand

Will be busy with parts shortages

Manufacturing equipment will
recover moderately
Memory will be sluggish

Will recover but slower thansemiconductors

Operational
TrendsOperations will fully recover

Manufacturing equipment will
recover moderately
Memory will be sluggish

Will recover but slower thansemiconductors

Personnel
TrendsWill be steady

Human resources needs will
increase rapidly for next year

Will gradually increase following
semiconductors

CapitalInvestment

1
H※NISSO's own forecasts

Production
Trends5

Shareholder Return Policy

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved34

Shareholder Return Policy
Basic Policy

Dividend and Payout Ratio

NISSO considers the redistribution of profits toshareholders and the enhancement of corporate
value as key management issues. In addition, bysetting the consolidated dividend payout ratio of
30% or more as a general standard, NISSO's basic
policy is to continue to steadily redistribute profits
to all of our shareholders.

(Unit: Yen)

Dividend (left axis)

25.00

Payout ratio (right axis)

20.50 yen

20.10 yen
20.00

90%

70%

15.00

60%

42.7%

NISSO expects to pay a dividend of 20.50 yen per
share (consolidated dividend payout ratio of 30.3%).

100%

80%

18.00 yen
16.00 yen

FY 3/2024 Dividend Forecast(Unit: %)

50%

36.0%

10.00

33.5%

30.3%

40%
30%

5.00

20%
10%

0.00

FY 3/2021

FY 3/2022

FY 3/2023

FY 3/2024(Forecast)

0%※The dividend for FY 3/2021 includes a commemorative dividend of 5.00 yen for the50th Anniversary of NISSO's founding.

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved35

6

Supplementary Materials

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved36Consolidated Balance Sheet(Unit: Million yen, %)Mar. 2023-end
Current assets

Jun. 2023-end

Amount % of Total Amount % of Total
21,74772.3
21,371
72.3

Increase(Decrease)(375)

Cash and deposits

9,800

32.6

8,673

29.3

(1,126)

Accounts receivable - trade

10,98636.5

11,515

39.0

529

8,344

27.7

8,184

27.7

(160)

Property, plant and equipment

4,660

15.5

4,682

15.8

21

Intangible assets

1,514

5.0

1,467

5.0

(46)

Investments and other assets

2,169

7.2

2,034

6.9

(134)

Total assets

30,092100.0

29,556

100.0

(536)

Current liabilities

12,18740.5

11,946

40.4

(240)

Accrued expenses

6,119
555

20.3
1.8

6,504
81

22.0
0.3

384
(473)

1,395

4.6

772

2.6

(623)

3,097

10.3

3,022

10.2

(74)

2,019

6.7

1,896

6.4

(122)

Total liabilities

15,28450.8

14,969

50.6

(315)

Shareholders' equity

14,563

48.4

14,336

48.5

(227)

239

0.8

245

0.8

5

Total net assets

14,80749.2

14,586

49.4

(220)

Total liabilities and net assets

30,092100.0
29,556100.0(536)
Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

Non-current assets

Income taxes payable
Provision for bonuses
Non-current liabilities
Long-term loans payableNon-controlling interests

Point① Increase due to expansion of operating
personnel
Due to the expansion of operating personnel inthe manufacturing-related human resources
services, "accounts receivable (trade)" of current
assets and "accrued expenses" of current
liabilities increased.
②Tax payments"Income taxes payable" of current liabilities
decreased due to the payment of income taxes
and other taxes at the end of May.
③Bonus payments
Due to the payment of summer bonuses at theend of June, "provision for bonuses" of current
liabilities decreased.
④Dividends
Shareholders' equity decreased due to dividend
payments in June.
⑤Overall
As a result of the above, total assets decreasedby 1.8%, total liabilities decreased by 2.1%, andtotal net assets decreased by 1.5%, resulting inan equity ratio was at 48.5% compared to theend of the previous fiscal year.

37

Making hardworking people,
happy.

The forward-looking statements and performance forecasts contained in this document are forecasts
determined by NISSO 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 theforward-looking statements described due to changes in various factors.

For future IR-related inquiries

IR Division, NISSO CORPORATION
TEL

045-777-7630

E-mailir@nisso-ir.com

URL

https://www.nisso.co.jp/