February 9, 2024

First Nine Months of FY 3/2024

Financial Results Briefing Materials

Making hardworking people, happy.

NISSO HOLDINGSTSE Prime Market Code:9332

To Begin With

We would like to express our deepest sympathies to all those affected by the 2024 Noto
Peninsula Earthquake.
We would also like to express our deepest condolences to the victims of the 2024 Noto
Peninsula Earthquake, and our deepest sympathies to all those affected by the disaster.
We would also like to express our deepest respect to those who are working tirelessly toprovide relief, recovery, and reconstruction support in the disaster-stricken areas.
We pray that the safety of the people in the affected areas will be ensured and that the
lives of those affected by the disaster will return to normal as soon as possible.

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

1CONTENTS

１

First Nine Months of FY 3/2024 Financial Results Summary

２First Nine Months of FY 3/2024 Financial Results by Service

３

Toward the Growth of the Nisso Group

４

Nisso Group Topics

５

Future Prospects (FY 3/2024)

６

Shareholder Return Policy

７First Nine Months of FY 3/2024 Financial Condition

８

Glossary
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved2

１Financial Results Summary (First Nine Months of FY 3/2024 (3Q))

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved3Summary
FY 3/2024 3Q Results●Consolidated net sales increased by 7.9% year-on-year●Consolidated operating profit increased by 46.5% year-on-year● Although the Automotive Industry is on a recovery trend, the impact of repeatedsuspension of operations by manufacturers increased●Engineering Human Resources Services were sluggish due in part to the impact of the
Semiconductor Industry●Nursing Care・Welfare Services increased revenue and profits year-on-year
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

4

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

PointsFY 3/23 3Q
Results

Operating profit increased by 46.5% YoY•

Net sales increased by 7.9% 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
0.3% YoY, partly due to net sales growth.

% of Total

FY 3/24 3Q
Results% of Total

Year-on-Year
Increase(Decrease)% Change

Net sales

67,201100.0%

72,534100.0%

5,333

7.9%

Gross profit

10,576

15.7%

11,774

16.2%

1,198

11.3%

SG&A
expenses

9,177

13.7%

9,726

13.4%

548

6.0%

Operatingprofit

1,398

2.1%

2,048

2.8%

650

46.5%

Ordinary
profit

1,501

2.2%

2,129

2.9%

627

41.8%

937

1.4%

1,395

1.9%

458

48.9%

Profitattributableto owners ofparentCopyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved5

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

Net sales（Unit: Million yen）

Operating profit
Up 22.0% YoY in 3Q
25,15226,0001,200

24,03823,625 23,660 23,721

24,0001,083

22,661

22,0001,000

20,572 20,501
20,282888

800

20,000680

18,045 18,649
18,000

869

582

600

500

470
16,000

464

354

400

259

14,000250

200

12,00010,000

0

１Q

２Q

３Q

【FY 3/22】

４Q

１Q

２Q

３Q

【FY 3/23】

４Q

１Q

２Q

３Q

【FY 3/24】

1Q

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

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

1Q ２Q ３Q
【FY 3/24】

6

２

Financial Results by Service (First Nine Months of FY 3/2024 (3Q))

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

7

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.

…Manufacturing dispatching・contracting,etc.

(Consolidated subsidiary)

Nisso Brain Co., Ltd.

…Administrative dispatching, BPO, etc.

Manufacturing
・Production
Human
Resources
Services

Engineering
Human
Resources
Services

Administrative Human Resources
Services(Consolidated subsidiary)

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

(Consolidated subsidiary)

Other Human Resources
Services

Nisso Pure Co., Ltd.

…Light work contracting, sale of goods, etc.
(Special-purpose subsidiary of NISSO CORPORATION)(Equity-method affiliate)(Nursing Care・Welfare Services)

Leaf NxT Inc.

…Recruitment support, HR platform services, etc.

(Consolidated subsidiary)

Nisso Nifty Co., Ltd.

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

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

Nursing Care・Welfare Services

8

Net Sales by Service ※Internal transactions have been eliminatedGeneral Human Resources Services
Nursing Care・Welfare Services

Other Human Resources Services

Manufacturing
・Production

3%

Administrative HR* Services

57,719 Million yen

6%2%
Engineering

6,638 Million yen

Administrative

1,630 Million yen

Other Human
Resources
Services

4,262 Million yen

Engineering
HR* Services
９％

FY 3/2024 3Q
Consolidated net sales

72,534 Million yen(YoY: up 7.9%)

Manufacturing・Production
Human Resources Services
80％

Nursing Care・Welfare Services
Nursing Care・Welfare2,283 Million yen

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

9General Human Resources Services

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

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

Manufacturing・Production
Net Sales

Net Sales
In 3Q, manufacturing・production net sales
increased by 5.0% YoY, partly due to anincrease in the number of enrolled
manufacturing・production staff.

(Unit: # of Staff)
Number of Enrolled Manufacturing・Production Staff at Quarter-end(Quarterly)
22,00016,000FY 3/23

14,761

20,011

20,00018,77018,937 19,066

14,11818,69017,98718,000FY 3/23

FY 3/24
14,761

14,400FY 3/24

14,963
14,677

14,586

14,00017,346

Number of Enrolled Staff
16,000The number of enrolled manufacturing・
production staff increased by 286 YoY.

12,00014,00010,00012,00010,000

8,000

１Q

２Q

３Q

４Q

１Q

２Q

３Q

４Q

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

11Manufacturing・Production Human Resources Services

Avg. Monthly Net Sales per Capita

Manufacturing・Production
Avg. Monthly Net Sales per Capita

Manufacturing・production net sales per capita
increased by 3.2% YoY.

FY 3/23500

450(Unit: Thousand yen)

407

427

413

428

421

434

FY 3/24

422

400

350

300

１Q

Turnover Rate

２Q

３Q

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

The manufacturing・production turnover rate
was at the same level YoY, and remained
below 4%.

5

4

FY 3/23

3.8
3.7

4.0

3.8

3.9

3.8

FY 3/24

3.9

3

1Q

2Q

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3Q

4Q

12

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

Net Sales

Engineering Net Sales

・In 3Q, although engineering net sales decreasedby 1.0% YoY due to the delay in recovery in the
Semiconductor Industry, the rate of decline
decreased compared to 2Q, and showed signs ofrecovery.
・The YTD total increased by 4.8% YoY.

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

2,500

2,345

2,174 2,1712,143

FY 3/24

2,320 2,295

2,000

FY 3/23

1,600
2,000

FY 3/24

1,800

1,814

1,542
1,470

1,479

1,505 1,517

1,426

1,400

1,239
1,200

1,500

1,000

Number of Enrolled Engineers

800

1,000

As with net sales, although the number of enrolled
engineers decreased by 37 YoY due to the delay inrecovery, there were signs of recovery compared to
2Q.

600
500

400
200

0

１Q

２Q

３Q

４Q

0

１Q

２Q

３Q

４Q

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

13

Engineering Human Resources Services
Avg. Monthly Net Sales per Capita(Unit: Thousand yen)

Engineering
Avg. Monthly Net Sales per Capita

Although engineering net sales per capita
decreased YoY partly due to sluggish
production activities in the Semiconductor
Industry, there were signs of recovery
compared to 2Q.

600
550
500

FY 3/23
524

514

524

485

485

FY 3/24
518

496

450
400
350
300

１Q

２Q

３Q

４Q
(Unit: %)Turnover Rate

Engineering Trend of Turnover Rate

The engineering turnover rate remained at alow level as in the previous year.
32

FY 3/23

FY 3/24

2.3

2.2

2.1

2.3

2.2

2.1

2.1

1Q

2Q

3Q

4Q

1
0

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

(Unit: # of Staff)

Administrative Net Sales

Administrative Human Resources Services(Quarterly)

1000

In 3Q, administrative net sales decreased by
1.9% 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

554

562

700

600

600

500

605

552

１Q

２Q

３Q

300

200

200

100

100

0

１Q

２Q

３Q

0

４Q

※Internal transactions have been eliminated

Other Human Resources Services(Unit: Million yen)

Other Net Sales

1,408

1,500

1,348

1,179

1,200

400

FY 3/23
1,505
1,297

(Unit: # of Employees)

Employees
w/ Disabilities

Prime Employees

800

1,800

４Q

(Unit: # of Employees)(Quarterly)

2,100

FY 3/24

1,320

700

622

640

671
300

600

223

221

224

500
200

400

900

300

600
300

627

555

400

300

※Prime employees: Senior employees

598

553

500

400

・Nikon Nisso Prime Corporation supports theactive participation Prime employees, andthe number of such employees was 671.
・Nisso Pure Co., Ltd. has created a workplaceenvironment where diverse humanresources can flourish, and the number of
employees with disabilities was 224.

FY 3/24

100

200

19

100

0

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

15

Nursing Care・Welfare Services

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16

Nursing Care・Welfare Services
Nursing Care・Welfare Services provide 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.
Employees of Sweetpea Kanazawa Hakkei participated in the 13th All Japan Care
Contest, a nursing care technology contest, and won an award for excellence in thebathing category.
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved17

Nursing Care・Welfare Services

Points●Results of Nursing Care・Welfare Services• The overall occupancy rate of nursing carefacilities remained at a high level of 93.8%.
• Net sales increased by 1.0% YoY.
• Total sales increased by 9.7% YoY.
• In December 2023, a basic agreement was
signed with Kanagawa Prefecture for a
project related to the improvement presymptomatic diseases.

FY 3/23 3Q

FY 3/24 3Q

Results

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

Year-on-Year
Increase(Decrease)% Change

Net sales

2,261

2,283

22

1.0%

Total sales

230

253

22

9.7%

(Unit: # of residents)

Number of facility residents

Occupancy
入居率
rate

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

377

375

375

380

380

378

93.3%

93.3%

94.5%

94.5%

94.0%

93.8%

Sep'22-end

Dec'22-end

Mar'23-end

Jun'23-end

Sep'23-end

Dec'23-end

300
200
100
0

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18

３

Toward the Growth of the Nisso Group

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19

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)(Employees)
Compliancewith laws andregulations

Industry
Strategy

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

Responding tohuman resources
mobility
Active industrygovernment-academia
collaboration

Advanced humanresourcesdevelopment

ES

Acquisition of new
points of contact
Collaboration withother industries

Realizationof highlytransparent
dialogue

Improvement ofskillsdevelopment,
treatment
and work-styles

Strengthening ofrecruitment
structures••

Kojo Kyujin Naviengineer works

20Toward the Expansion of General Human Resources Services
Contributing to industries that drive Society 5.0
through the development and production of human resources

Account Strategy

Industry Strategy

Industries driving Society 5.0

Automotive
Top domestic
Company manufacturers
D
CompanyC

Industry
CompanyA

Semiconductor
Industry
Company
B

Electronics
Industry

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

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

21Industry Trends ※NISSO HOLDINGS’ own forecasts
Automotive

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

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

Production
TrendsAlthough parts shortages were resolved,
production did not increase due tocertification issues, etc.

Manufacturing equipment
recovery will be delayed
Memory will be sluggish

Will recover after the
Semiconductor Industry

Operational
Trends

Impact of repeated suspension of operations
by manufacturers will increase

Manufacturing equipment
recovery will be delayed
Memory will be sluggish

Will recover after the
Semiconductor Industry

Personnel
TrendsWill be steadyWill be sluggish

Will gradually increase following the
Semiconductor Industry
22

CapitalInvestment

1
H

Semiconductor Industry

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

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

Electronics(Electronic equipment
manufacturing industry)

7,790(7.1％)（11.6％）

10,628(12.3％)（38.4％）

9,325（12.9％）

Semiconductor

Down 7.1%
YoY

Sluggish but
some signsof partial
recoverySluggish but
partlyrecovered

Down 12.3%
YoY

Manufacturing
equipment andsemiconductor
memory weresluggish・
power
semiconductors
were steadySluggishUp 17.2%
YoY

Operations did
not increase
due tocertification
issues, etc.

Steady30,250（41.7％）

Automotive(Automobile manufacturing・
EV-related manufacturingindustry)※（

Personnel
Trends7,234(Semiconductor
manufacturing industry)＋17.2％

Operational
Trends

（10.0％）（15.8％）

25,809Net
Sales）= % of consolidated net sales, Red = % of Year-on-Year growth

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23

Toward the Strengthening of Recruitment
Strengthening of client attraction
and matching capabilities

Logistics 2024

Job seeker needs

Human resources mismatch

Social issues

Diversification ofhuman resources
needs

Declining birthrate
and aging population

Service industry humanresources shortage

Client needs

Urban population
concentration

In order to respond to social issues and diversifying human resource needs,
we will develop recruitment methods that take advantage of group synergies,
leading to business expansion
Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved

24

Toward the Practice of Human Capital Management

Human resources
development model

Personnel system reformDiversity management

The Nisso Group

Revenue
expansion

Human capital
investment

Enhancement ofcareer advancement systems

Increase the number ofcareer path assistants

Promotion ofcareer changes

Expansion oftraining facilities

Introduction of
VR/AR education

Visualization ofskillsOJT
Clients

Cooperation indevelopment

Employees

Off-JT
Provision of highvalue-added services

Development ofengineers

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Development of
nursing care human resources25

Toward the Practice of Human Capital Management
Producing high value-added human resources through nationwide expansion of training facilities
and industry-government-academia collaboration
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

Tohoku Semiconductor andElectronics Design Study Group

Nisso EV Technical Center KansaiParticipation from November 2022

(Omihachiman City, Shiga)※Scheduled to open in March

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 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)

26

Nisso Group's Educational Achievements● FY 3/2024 3Q Educational achievements (total # of participants)
Points・The Nisso Group has established our own"Human Resources Development Model".
We provide high value-added services
through advanced Off-JT.
・In Nursing Care・Welfare Services, thewe have established a system thatallows not only OJT but also regular Off-JT
to ensure service quality.
・The Nisso Group also carries out external
development of education and training.
We provide educational content tailored to
the needs of our clients.

Classification

Training content

FY 3/24 3Q YTD(Direct)
Engineer training

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

1,057

(Direct)
Manufacturing・production
training

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

13,209(Direct)
Other training

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

1,371

Nursing care・welfare training

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

1,480

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

17,117148

27

４

Nisso Group Topics

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved28Topics FY 3/2024
2023｜Oct.

2023｜Apr.

2024｜Feb.

◼ Established◼ Opened Nisso Technical Center
Kumamoto◼ To exhibit at Kumamoto
Industrial Revitalization
Expo）◼ Co-sponsored the “JAPAN MOBILITY SHOW 2023”

2023｜Jun.

2024｜Jan.

◼ Had first exhibit at
Manufacturing World Japan 2023

◼ Exhibited at Manufacturing World Japan (Osaka)◼ Made EYE’S◼ Approved TCFD recommendations
Corporation a
2023｜
consolidated subsidiary2023｜◼ Began participation in the ◼ 2023.06.28◼ To open Nisso EV◼ Began participation in the
Kyushu Semiconductor
Technical Center
43rd Ordinary General
Hokkaido Semiconductor Human
Human Resources
Kansai (Scheduled)◼ Decided to invest in
Meeting of Shareholders
Resources Development(NISSO CORPORATION)
Development Consortium
APB Corporation
Promotion Council

Aug.

Apr.

May

Jun.

Jul.

■ 2023.05.11

Sep.

Oct.

■ 2023.08.07

Announced the Financial
Results for FY 3/2023

Announced the Financial Results for
the First Quarter of FY 3/2024(NISSO CORPORATION)

2023｜May

Aug.

Dec.

(NISSO CORPORATION)

Nov.

Dec.

Jan.

Feb.

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

Mar.

■ 2024.02.06
To announce the Financial
Results for the First Nine
Months of FY 3/2024(NISSO HOLDINGS)◼ Began participation in the "Health and Productivity
Management® Alliance"◼ Jointly promoted the development and supply ofsemiconductor manufacturing human resources
with Mitsubishi Research Institute2023｜Jul.

◼ Began participation in the Kansai Storage
Battery Human Resources Development
Consortium◼ Published the Sustainability Report(JP version; EN version to follow)

2024｜Mar.

2023｜Nov.

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

EYE'S Corporation
becomes a subsidiary

Decision made to invest in APB Corporation,an All Polymer Battery manufacturer

・ EYE'S Corporation is developing a dispatching and outsourcing
business in the IT domain, mainly in the Tokyo metropolitan area.

・APB develops and manufactures All Polymer Batteries with themission of "Creating a sustainable future where all people areconnected to energy“.

・ EYE'S also engages in the manufacturing dispatching andcontracting business to machine tool manufacturers.
・ We are aiming to expand manufacturing・productionand engineering services by acquiring a revenue base in new
business areas (IT infrastructure and system engineering areas)that the Nisso Group does not currently hold.

・All Polymer Batteries are free-form, next-generation lithium-ion
batteries that can be applied to large-scale storage batteries.
・We have decided to invest in APB with the aim of providing
technical support for mass production in order to expand the
production of All Polymer Batteries.

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved30Topics

Announced the opening of"Nisso EV Technical Center Kansai"

Announced the expansion of
Nisso Technical Center Kumamoto

・NISSO CORPORATION plans to open the "Nisso EV TechnicalCenter Kansai" in mid-March 2024.

・ The expansion is scheduled to be completed in May 2024.
A new building will be constructed adjacent to the Nisso TechnicalCenter Kumamoto, which specializes in the development of humanresources for semiconductor manufacturing.
The total floor area of the building will be approximately twice thatof the existing facility.

・Established as a core training base for developing storage
battery human resources in the Kansai region.
・Participated in the "Kansai Storage Battery Human Resources
Development Consortium" established by the Kansai(Kinki)Bureau of Economy, Trade and Industry and strengthened
cooperation.

・The number of training participants is expected to exceed 300 per
year, including that of existing facilities, which will be 3 times thecurrent number.

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31

５

Future Prospects (FY 3/2024)

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32

FY 3/2024 Revision of Full-year Consolidated Forecasts
Based on recent business performance trends, NISSO HOLDINGS has revised the Full-year Consolidated Forecast for FY 3/2024(April 1, 2023 ~ March 31, 2024) which was announced on October 2, 2023. For details, please refer to the "Notice ofRevisions of Full-year Consolidated Forecast for the Fiscal Year Ending March 31, 2024" announced on February 6, 2024.
● FY 3/2024 Full-year Consolidated Forecast (April 1, 2023 ～ March 31, 2024)
Previous Forecast
Forecast(Unit: Million yen)

Present Revised Forecast% of Total

Forecast% of Total

Change from Previous Forecast
Increase(Decrease)% Change

100,000

100.0%

97,000100.0%(3,000)(3.0%)

Operating profit

3,600

3.6%

2,800

2.9%

(800)

(22.2%)

Ordinary profit

3,600

3.6%

2,800

2.9%

(800)

(22.2%)

Profit attributable toowners of parent

2,300

2.3%

1,800

1.9%

(500)

(21.7%)Net sales

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33

６

Shareholder Return Policy

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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'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)

100%
90%

20.50 yen

20.10 yen
20.00

(Unit: %)80%

18.00 yen
16.00 yen

70%

15.00

FY 3/2024 Dividend Forecast

60%

42.7%

Although NISSO HOLDINGS has revised theearnings forecast, the dividends per share forecast(20.50 yen) remains unchanged. This will result ina dividend payout ratio of 38.6%.

36.0%

10.00

50%

38.6%
33.5%

40%
30%

5.00

20%
10%

0.00

FY 3/2021

FY 3/2022

FY 3/2023

0%

FY 3/2024(Forecast)※The dividend for FY 3/2021 includes a commemorative dividend of 5.00 yen for the 50th Anniversary of
NISSO CORPORATION's founding.
※Until FY 3/2023, the figures for NISSO CORPORATION before the holding company structure are presented.

35

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35

７

Financial Condition (First Nine Months of FY 3/2024 (3Q))

Copyright ⓒ 2024 NISSO HOLDINGS Co., Ltd. All Rights Reserved36Consolidated Balance Sheet(Unit: Million yen, %)Mar. 2023-end

Dec. 2023-end

AmountAmount% of Total% of Total

Increase(Decrease)

Point① Increase 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, etc., "accounts receivable (trade)"of current assets and "accrued expenses" of current
liabilities increased.

21,74772.3

21,608

71.5

(138)

9,800

32.6

9,061

30.0

(738)

10,98636.5

11,293

37.4

306

8,344

27.7

8,624

28.5

279

Property, plant and equipment

4,660

15.5

4,935

16.3

274

Intangible assets

1,514

5.0

1,383

4.6

(130)

Investments and other assets

2,169

7.2

2,305

7.6

135

Total assets

30,092100.0

30,233100.0

140

Current liabilities

12,187
6,119
555
1,395

40.5
20.3
1.8
4.6

12,041
6,655
32
781

39.8
22.0
0.1
2.6

(145)
536
(522)
(614)

③ Tax payments"Income taxes payable" of current liabilities
decreased due to the payment of income taxes andother taxes.

Total liabilities

3,097
2,019
15,284

10.3
6.7
50.8

2,758
1,651
14,800

9.1
5.5
49.0

(338)
(367)
(484)

④ Bonus payments
Due to the payment of summer and winter bonuses,"provision for bonuses" of current liabilities decreased.

Shareholders' equity

14,563

48.4

15,161

50.1

597

239

0.8

262

0.9

23

Total net assets

14,80749.2

15,43251.0

624

Total liabilities and net assets

30,092100.0

30,233100.0

140⑤ Overall
As a result of the above, total assets increased by
0.5%, total liabilities decreased by 3.2%, and total net
assets increased by 4.2%, resulting in an equity ratio of
50.2% compared to the end of the previous fiscal year.

Current assets
Cash and deposits
Accounts receivable - tradeNon-current assets

Accrued expenses
Income taxes payable
Provision for bonuses
Non-current liabilities
Long-term loans payableNon-controlling interests②Repayments
current assets and "long-term loans payable" of noncurrent liabilities decreased.

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８

Glossary

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Glossary
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.

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39

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

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