November 9, 2023

N I S S O H O L D I N G S C o ., L t d .
Company Briefing & Financial Results Briefing
Materials for the First Six Months of FY 3/2024(for NISSO CORPORATION)

Making hardworking people, happy.

NISSO HOLDINGSTSE Prime Market Code:9332

CONTENTS

１

About NISSO HOLDINGS

２First Six Months of FY 3/2024

３First Six Months of FY 3/2024

The Nisso Group's Business Results Summary
Overview of Activities of Main Operating Company (NISSO CORPORATION)

４

Financial Results by Segment

５

Future Prospects (FY 3/2024)

６

Shareholder Return Policy

７

Supplementary Materials
Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved1１

About NISSO HOLDINGS

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

2

Starts

Setting our sails
to the new frontier－ Into new territory －October 2, 2023
NISSO HOLDINGS
has achieved our "52nd year of birth".
Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved

3

Aiming to be the Company of Choice
In October 2023, the Nisso Group established "NISSO HOLDINGS Co., Ltd.", taking a new
step forward as a pure holding company structure.
In order for the Nisso Group to achieve further growth, we believe that it is necessary toaccelerate decision-making, strategically and flexibly implement M&A and capital policies,
create the next core business opportunities, and optimize management resources.
While ensuring a seamless business management system for the entire Group, we will
ensure an environment in which each operating company can enhance their expertiseand focus on their areas of expertise, and we will engage in well-being management
such as "human development" and "workplace creation" based on the recognition that
Ryuichi Shimizu
Representative Director,
President & CEO

human resources are important capital that plays a central role in our business.
The Nisso Group will move forward together with you, always evolving into a company ofchoice.
Please look forward to it.

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

4Into New Territory

Welfare・nursing careEngineering

MONOZUKURI (manufacturing)
Administrative dispatching

People with disabilities

Elderly people

Developing new areas based on the people who have supported our business
Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved5Transition to a Holding Company Structure■The business environment
and needs surrounding us arechanging at an unprecedented
rate.

Enhancement of corporate value
Further growth of the Nisso GroupNISSO
Business Transformation■We have started to address
various issues through theholding company structure.
Accelerating change
Acceleration ofdecision-making
at eachoperatingcompany

Strategic・agile
M&A, capital andbusinessalliances

Creation of newservices that will
become the next
core

Optimization ofmanagement
resources

Furtherstrengthening ofgovernanceTransition to HD structure
Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved

6Overview of NISSO HOLDINGSNameNISSO HOLDINGS Co., Ltd.

Listing date

October 2, 2023

Listed exchangeTokyo Stock Exchange Prime Market

Securities code

9332

Business description

Business management of group companies, etc. engaged in manufacturing
dispatching・manufacturing contracting, general office dispatching・BPO, facility
nursing care・home-based nursing care, etc., and incidental or related operations,etc.

Date of establishment

October 2, 2023

Head office location

1-4-1 Shin Yokohama, Kohoku-ku, Yokohama, Kanagawa 222-0033

Representative

Representative Director, President & CEO Ryuichi Shimizu

Capital2,016 Million JPY

Total number of shares
outstanding

34,024,720 (shares)

Fiscal year-end

March 31
Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved

7Topics■Newly established the Nisso Group’s"Sustainability Website" with enhanced
information posted
https://www.nisso-hd.com/en/sustainability/■Main operating company, NISSO CORPORATION
releases new commercial for recruitment site
https://www.nisso.co.jp/news/2794/(in Japanese only)■Kanagawa University, supported by the
Nisso Group, will participate in the main
Hakone Ekiden race for the first time in
2 years!
https://www.nisso.co.jp/column/2871/ (in Japanese only)
Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved「Source: Kanagawa University」

8

List of Group Companies

NISSO CORPORATION
Nisso Kosan (NISSO) Shin Yokohama
Bldg., 1-4-1 Shin Yokohama,
Kohoku-ku, Yokohama, Kanagawa▶Business description
Manufacturing-related Human
Resources Services (Manufacturing
dispatching・manufacturingcontracting, employment placement,
etc.)

Vector Shinwa Co., Ltd.
3-1 Ikehata, Chiryu City, Aichi▶Business description
General Human Resources Services
Business

Nisso Brain Co., Ltd.

Nisso Nifty Co., Ltd.

Nisso Pure Co., Ltd.

Nisso Dai Ichi Building,28-26 Toyooka-chō,
Tsurumi-ku, Yokohama, Kanagawa▶Business description

Nisso Kosan (NISSO) Shin Yokohama
Bldg., 1-4-1 Shin Yokohama,
Kohoku-ku, Yokohama, Kanagawa▶Business description

Nisso Kosan (NISSO) Shin Yokohama
Bldg., 1-4-1 Shin Yokohama,
Kohoku-ku, Yokohama, Kanagawa▶Business description

Administrative Human Resources
Services

Facility Nursing Care Business, Home
Nursing Care Business

Light Work Contracting, Sale of Goods(NISSO CORPORATION’s
Special-purpose Subsidiary)

Nikon Nisso Prime Corporation

SHANGHAI NISSO HUMAN RESOURCES
Co., Ltd.

Leaf NxT Inc.

Shin-Yokohama 214 Bldg. 3F,
2-14-2 Shin-Yokohama,
Kohoku-ku, Yokohama, Kanagawa▶Business description
Human Resources Dispatching・
Recruitment, Human Resources
Sharing Business, Consignment/
Entrustment・Contracting Business
Planning, R&D, operation andsupport of structure development
and opportunity creation for seniors'
continued employment

Rm. 508, 36-7 Building 7, 36 Xuelin Road,
Pudong New Area, Shanghai, China▶Business description
Recruitment
Human Resources Consulting

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

Honey Gotanda Dai 2 Bldg., 4F,
1-4-1 Higashi Gotanda, Shinagawa-ku,
Tokyo▶Business description
Human Resources Dispatching
Business, Development-type Qualified
Personnel Dispatching Business,
Recruitment Platform Business, Media
Direction Business, etc.

9Appendix
Conversation with Economic Analyst Mariko Mabuchi
We introduce various contents related to the Nisso Group,
such as the aim of becoming a holding company, how wethink about the objects (colleagues) to be embodied in
our pursuit of our ideal form, our strategies for future
growth, and what kind of tailwinds are currently blowing.
Everyone, please take a look at our progress.

Economic analyst Mariko Mabuchi asks!
From NISSO CORPORATION to NISSO HOLDINGS (9332)
Acceleration of growth “to the next level”

https://www.nsjournal.jp/nsj_library/nisso-9332/(in Japanese only)
Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved

10

２

The Nisso Group's Business Results Summary(First Six Months of FY 3/2024)

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

11

The Nisso Group Business Results Summary
FY 3/2024 2Q Results●Net sales was the highest for 2Q since NISSO CORPORATION's listing●Operating profit increased by 89.2% year-on-year●The Automotive Industry resolved parts shortages and began full-scale production●The Semiconductor Industry was sluggish, and recovery was slower than expected●Engineers began preparations to respond to additional needs(Plans were made to significantly expand the Kumamoto training facility)●Nursing care・Welfare Services increased revenue and profits year-on-year
Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved

12

FY 3/2024 2Q Consolidated Financial Results Highlights（Unit: Million yen）

PointsFY 3/23 2Q
Results

Operating profit increased by 89.2% YoY•

Net sales increased by 9.8% partly due
to an increase in the number of enrolled
staff and a recovery in operations in the
Automotive Industry.

•

Other Businesses (Nursing Care・Welfare
Services) increased revenue and profits
YoY.

% of Total

FY 3/24 2Q
Results% of Total

Year-on-Year
Increase(Decrease)% Change

43,162100.0%

47,381100.0%

4,219

9.8%

Gross profit

6,587

15.3%

7,420

15.7%

832

12.6%

SG&A
expenses

6,077

14.1%

6,455

13.6%

377

6.2%

Operatingprofit

510

1.2%

965

2.0%

455

89.2%

Ordinary
profit

582

1.3%

998

2.1%

416

71.5%

Profitattributableto owners ofparent

347

0.8%

625

1.3%

278

80.1%

Net sales

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

13

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

Net sales（Unit: Million yen）

Operating profit
Up 85.5% in 2Q

24,03824,00023,625 23,660 23,721

22,661888

900

22,00020,282

1,000

869

800

20,572 20,501

680

700

20,00018,04518,649

582

600

18,000500
16,000

500

470

464
354

400

259

300

14,000250

200
12,000100
10,000

0

１Q

２Q

３Q

【FY 3/22】

４Q

１Q

２Q

３Q

【FY 3/23】

４Q

１Q

２Q

【FY 3/24】

1Q

２Q ３Q ４Q
【FY 3/22】

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

１Q

２Q ３Q ４Q
【FY 3/23】

1Q ２Q【FY 3/24】

14

FY 3/2024 2Q Main Operating Company (NISSO CORPORATION)
Financial Results Highlights

Net Sales（Unit: Million yen）

FY 3/23 2Q

Increased by 7.0% YoY
Net sales increased YoY, partly due to anincrease in the number of enrolled staff
and a recovery in operations in the
Automotive Industry.

Results% of Total

FY 3/24 2Q
Results% of Total

Year-on-Year
Increase(Decrease)% Change

38,875100.0%

41,583100.0%

2,708

7.0%

Gross profit

6,137

15.8%

6,764

16.3%

627

10.2%

SG&A
expenses

5,582

14.4%

5,843

14.1%

261

4.7%

Operatingprofit

554

1.4%

921

2.2%

366

66.0%

Ordinary
profit

627

1.6%

938

2.3%

310

49.5%

Profit

385

1.0%

604

1.5%

219

56.9%

Net sales

Expenses・Profits
Operating profit increased by 66.0%• In the Automotive Industry, parts
shortages were resolved, operations
recovered, and gross profit increased by
10.2% YoY.
• The streamlining of recruitment costs
continued, and the SG&A ratio improvedby 0.3 percentage points YoY.

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

15

FY 3/2024 Main Operating Company (NISSO CORPORATION)
Quarterly Financial Results（Unit: Million yen）

（Unit: Million yen）

Operating profit

Net sales

Up 60.5% in 2Q
22,00021,14720,754

20,871

1,000
900

19,916
18,95819,02818,68720,00018,00020,711

845

800

867

685

700

16,68417,296

566

600
16,000

500

482

467

380

400

14,000

453

300

263

291

１Q

２Q ３Q ４Q
【FY 3/23】

200

12,000100
10,000

1Q

２Q

３Q【FY 3/22】

４Q

１Q

２Q

３Q

【FY 3/23】

４Q

１Q

２Q

【FY 3/24】

01Q

２Q ３Q ４Q
【FY 3/22】

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

1Q ２Q【FY 3/24】

16

３

Overview of Activities of Main Operating Company(NISSO CORPORATION)(First Six Months of FY 3/2024)

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

17

FY 3/2024 2Q Financial Results Summary(NISSO CORPORATION)
Main Operating Company (NISSO CORPORATION) Financial Results Summary

Net Sales
Operating Profit

41,583 Million yen （+2,708 Million yen／ +7.0％ YoY）
921 Million yen （ +366 Million yen／+66.0％ YoY）

Main Operating Company (NISSO CORPORATION) Indicator Summary● Focused Industry Net Sales (YoY)
・Focused industry net sales, which are the sum of the Automotive,
Semiconductor, and Electronics Industries, increased by 5.9% YoY.

Focused Industries Total…＋5.9％● 2Q-end Number of Enrolled Staff

・The number of enrolled staff increased by 428 YoY.
・Enrollment increased steadily in the Automotive Industry. Enrollment in theElectronics Industry showed some signs of recovery.

16,158 staff(+428 staff YoY)

● Avg. Monthly Net Sales per Capita
428 Thousand yen(+10 Thousand yen YoY)

・Average monthly net sales per capita increased by 2.4% YoY, partly due to arecovery in operations in the Automotive Industry.

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

18

FY 3/2024 2Q Net Sales by Industry (NISSO CORPORATION)（Unit: Million yen）

Net Sales Composition Ratios

Electronics(Electronic equipment
manufacturing industry)

5,309(10.6％)Net
Sales

Operational
Trends

Personnel
TrendsDown
10.6% YoY

Sluggish but
some signsof partial
recoverySluggish but
partlyrecovered

Down
9.0% YoY

Manufacturing
equipment andsemiconductor
memory weresluggish・
power
semiconductors
were steadySluggishUp
17.5% YoY

Effects ofparts
shortages
wereresolved

Steady4,745（11.4％）（13.7％）

6,851(9.0％)

6,232（15.0％）

16,474（42.4％）

Semiconductor(Semiconductor
manufacturing industry)（17.6％）＋17.5％

19,359（46.6％）

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

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

19

Industry Trends ※NISSO CORPORATION's 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

Will be busy with parts shortages

Manufacturing equipment
recovery will be delayed
Memory will be sluggish

Will recover after semiconductors

Operational
TrendsOperations will fully recover

Manufacturing equipment
recovery will be delayed
Memory will be sluggish

Will recover after semiconductors

Personnel
TrendsWill be steadyWill be sluggish

Will gradually increase following
semiconductors

CapitalInvestment

1
H

Semiconductor Industry

Production
TrendsCopyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved

FY 3/2024 Quarterly Net Sales by Industry (NISSO CORPORATION)（Unit: Million yen）

Automotive

2,481

2,598

2,710

3,631

（11.5％）

3,776

3518

3,208

3,024
（14.5％）

9,335

9485

9,499

9,859

（42.6％）（44.1％）（45.7％）（45.9％）（47.2％）

２Q

３Q

４Q

１Q

２Q

7,995

【FY 3/23】
※（

2,396

（11.3％）（15.5％）

8,478

１Q

2,348

（11.3％）（17.0％）（18.2％）（42.2％）

2350（17.9％）

3,220（17.0％）

Electronics（11.7％）（13.0％）（14.3％）

Semiconductor）= % of NISSO CORPORATION net sales※Reference

Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved【FY 3/24】

21

Average Monthly Net Sales per Capita (NISSO CORPORATION)●FY 3/2024 2Q YTD

Avg. monthly net sales per capita

428Thousand yen (+10 Thousand yen YoY)

●The average monthly net sales per capita increased YoY, partly due to a recovery of operations in the Automotive Industry.

（Unit: Thousand yen）

（Unit: Thousand yen）

Avg. Monthly Net Sales per Capita

Avg. Monthly Net Sales per Capita(Quarterly)

450

406

418

428

450

423

400

400

350

350

300

440
409

406

１Q

２Q

421

424

428

427

428

４Q

１Q

２Q

411

300

FY 3/22 2Q FY 3/23 2Q FY 3/24 2Q

３Q

４Q

１Q

【FY 3/22】
Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved

２Q

３Q【FY 3/23】【FY 3/24】

22

Number of Enrolled Staff (NISSO CORPORATION)（Unit: # of Staff）

Number of Enrolled Staff at Quarter-end
Year-on-Year
16,111 15,998+428 staff (+2.7%)

15,73016,000Point

16,132 16,158

14,71515,00014,945

15,27014,225Highest enrollment since NISSOCORPORATION's listing renewed

14,000Although the Semiconductor Industry was
sluggish, the number of enrolled staff
increased due to strong demand for humanresources in the Automotive Industry.

13,856

13,00012,00011,00010,000

１Q

２Q

３Q

４Q

【FY 3/22】

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

１Q

２Q

３Q

【FY 3/23】

４Q

１Q

２Q

【FY 3/24】

23

Educational Achievements (NISSO CORPORATION)● FY 3/2024 2Q Educational achievements (total # of participants)

Points••※All employees

The overall number of participants
decreased YoY due to the impact ofsluggish production in the Electronics
Industry and the Semiconductor Industry.
Full-scale operation of the e-learning
system enabled real-time monitoring ofparticipant progress and understanding,and streamlined training.

(Unit: # of participants)

Classification

Training content

FY 3/23 2Q
YTD

FY 3/24 2Q
YTD

Year-on-Year
Comparison（Direct）
Engineer training

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

1,211

776

64.1%

（Direct）
Other training

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

9,255

8,544

92.3%

Indirect training

Business manners
Career enhancement
Life planning
Semiconductor seminars, etc.

472

382

80.9%

10,938

9,702

88.7%

Total

Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved24

４Financial Results by Segment(First Six Months of FY 3/2024)

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

25

Net Sales by Segment (Services)
FY 3/2024 2Q
General Human Resources Services Business
40,00037,707(Unit: Million yen)

36,000FY 3/2024 2Q
Other Businesses
20,000(Unit: Million yen)

18,00032,00016,00028,00014,00024,00012,00020,00010,00016,0008,000

12,000

6,000

8,000

4,000

4,317

4,000

1,076

2,757

0

2,000

1,531

0

Manufacturing・Production

Engineering

Administrative

Other

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

Nursing Care・Welfare

26

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

Net Sales
In 2Q, manufacturing・production net sales
increased by 5.3% 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

20,00018,937 19,066
18,000FY 3/23

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

Number of Enrolled Staff(Unit: # of Staff)

Manufacturing・Production
Net Sales

14,11814,761

14,40014,677

FY 3/24
14,586

14,00017,346

16,00012,000The number of enrolled manufacturing・
production staff increased by 361 YoY.

14,00010,00012,00010,000

8,000

１Q

２Q

３Q

４Q

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

１Q

２Q

３Q

４Q

27

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 3.6% YoY.

450

407

427

428
413

FY 3/23

421(Unit: Thousand yen)422

FY 3/24

400

350

300

１Q

Turnover Rate

２Q

３Q

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

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

5

4

FY 3/23

3.8
3.7

4.0

FY 3/24

3.8

3.9

3Q

4Q

3.9

3

1Q

2Q

Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved28

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

Net Sales

Engineering Net Sales

In 2Q, engineering net sales decreased by 1.3%
YoY due to a decrease in net sales per capita,
despite an increase in the number of enrolled
engineers.
The YTD total increased by 8.3% YoY.

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

2,500

2,345

FY 3/24
2,295

2,174 2,1712,143

2,000

FY 3/23

1,600
2,000

FY 3/24

1,800

1,814

1,470

1,479

1,542

1,517

1,426

1,400

1,239
1,200

1,500

1,000

Number of Enrolled Engineers

800

1,000

•

•

The number of enrolled engineers increased by
53 YoY. Although enrollment in semiconductor
equipment and memory were sluggish, it
increased slightly due to business partner
expansion.
Preparations for further human resources
development have started in order to respond to
the needs of each industry.

600
500

400
200

0

１Q

２Q

３Q

４Q

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

0

１Q

２Q

３Q

４Q

29

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

Engineering
Avg. Monthly Net Sales per Capita

Engineering net sales per capita decreased YoY
due to sluggish sales of semiconductor
equipment and memory.

600
550
500

FY 3/23
524

514

524

485

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

FY 3/24

2.3

2.2

2.3

2.2

2.1

2.1

1Q

2Q

3Q

4Q

1
0

Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved30

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
Hokkaido Semiconductor
Human Resources Development
Promotion Council

Tomakomai Training Center(Tomakomai City, Hokkaido)

Nagano Prefectural Governor
Accredited Training School

Participation from August 2023

Nisso Technical Center Naka-Nihon(Okaya City, Nagano)Tohoku Semiconductor andElectronics Design Study Group

Toyota Training Center

Participation from November 2022

(Toyota City, Aichi)

Miyagi Prefectural Governor
Accredited Training School

Nisso Technical Center Kyushu

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

Kyushu Semiconductor
Human Resources
Development Consortium

Ota Training Center(Ota City, Gunma)

Participation from April 2023

Nisso Techno Center

Nisso Technical Center Kumamoto

Chugoku Regional
Semiconductor Industry
Promotion Council(Otsu-cho, Kumamoto)Participation from November 2022

Kumamoto Prefectural Governor
Accredited Training School

Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved(Yokohama, Kanagawa)

Hamamatsu Training Center(Hamamatsu City, Shizuoka)

31

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

Administrative Net Sales

Administrative Human Resources Services

1000

900

FY 3/23800
700

Number of Enrolled Administrative Staff
at Quarter-end(Quarterly)

1,000

In 2Q, administrative net sales decreased by
5.6% YoY, partly due to a decrease in thenumber of enrolled administrative staff.

(Unit: # of Staff)

586

600

FY 3/24

FY 3/23

900
800

562

544

531

566

563

700
600

500

600

598

553

555

１Q

２Q

627

605

３Q

４Q

500

400

400

300

300

200

200

100

100

0

１Q

２Q

３Q

Other Human Resources Services

0

４Q(Unit: # of Staff)(Unit: Million yen)・Nikon Nisso Prime Corporation supports theactive participation of senior employees.
・The number of senior employees was 640.
・Nisso Pure Co., Ltd. has created a workplaceenvironment where diverse humanresources can flourish.
・The number of employees with disabilities
was 221.

FY 3/24

Number of Enrolled Senior Staff・
Employees w/ Disabilities

Other Net Sales(Quarterly)
1,800

1,408

1,500

800

FY 3/23
1,348 1,298

FY 3/24

1,321

1,179

1,200

# of employees with disabilities

700# of senior employees

640

622

600
500
400

900

300

600

223

221

１Q

２Q

200
300

20

100

0

１Q

２Q

３Q

４Q

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

0

３Q

４Q

32

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

Points• The overall occupancy rate of nursing carefacilities remained stable at 94.0%.
• Net sales increased by 1.9% YoY. Operating
profit was at a surplus of 44 million yen.

FY 3/23 2Q

FY 3/24 2Q

Results

Results

Net sales

1,503（Unit: Million yen）

Year-on-Year
Increase(Decrease)

1,531% Change28

1.9％(Unit: # of residents)

Number of facility residents

Occupancy
入居率
rate

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

378

369

375

375

380

380

91.8%

93.3%

93.3%

94.5%

94.5%

94.0%

Jun'22-end

Sep'22-end

Dec'22-end

Mar'23-end

Jun'23-end

Sep'23-end

300
200
100
0

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

33Topics
Engineers seconded to Interstellar Technologies•••

NISSO CORPORATION, the main operating company of NISSO HOLDINGS, has seconded 1 R&D
engineer who is expected to flourish in the future, to Interstellar Technologies Inc. (IST), a
rocket venture company.。
The secondment period is 2 years.
At IST, he is responsible for testing in the mechanical and electrical・electronic areas, etc.

Exhibited at Manufacturing World's 2nd Industrial ODM/EMS Expo•••

With the aim of promoting the understanding of our business, we exhibited at the 26th
Manufacturing World Osaka and the Industrial ODM/EMS Expo exhibitions (October 4-6, 2023).
Approximately 550 people, mainly from technical (battery) manufacturers, visited our booth.
This was the second time we participated in the exhibition this year, following the Tokyo event,with the aim of expanding our high value-added areas.

Expanded the utilization of e-learning systems••

Content has been enhanced through in-house operation of an internally developed
e-learning system.
The system has been named "Start engineer", and we plan to start its sales to thegeneral public together our with business partners.

Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved(In Japanese only)

34

Toward the Realization of the Nisso Group Growth Cycle
Responding to Human
Resources Mobility- Rapid changes in the client environment -• Joint research with
MRI

Responding to
EVs and DX
Active industry-government-academia
collaboration• Tohoku Semiconductor andElectronics Design Study Group• Chugoku Regional
Semiconductor Industry
Promotion Council• Kyushu Semiconductor Human
Resources Development
Consortium• Hokkaido Semiconductor Human
Resources Development
New
Promotion Council

Acquisition of new points of contact

・Exhibition at Manufacturing
World Japan 2023
New
(Tokyo・Osaka)(Promotion of understanding of NISSO's business)

Local
communities

Realizationof highlytransparent
dialogue

Administration

SS

Active industrygovernmentacademia
cooperation

Cross-industry
collaboration
Capital and businessalliances
M&A(Shareholders,etc.)

Development of semiconductor
human resources

Practice ofdiversity

CS•
Active support ofcareer advancement
・career changes tocreate job satisfaction

Miyagi Prefectural Governor
Accredited Training School

Nisso TC*
Higashi-Nihon•(Customers/
Clients)

Nagano Prefectural Governor
Accredited Training School

Nisso TC
Naka-Nihon•

ES(Employees)
Compliancewith laws andregulations

Industry
Strategy

Improvement ofskillsdevelopment,
treatment
and work-styles

Strengthening of recruitment structures

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

Advanced humanresources development

Kumamoto Prefectural
Governor Accredited Training
SchoolNisso TC
Kumamoto

Other human resources
development facilities• 6 locations
nationwide

Streamlining of humanresources development•

Kojo Kyujin Navi

• Development of
e-learning system•engineer works(Consideration of sales to the generalpublic)Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved*TC=Technical Center

35

５

Future Prospects (FY 3/2024)

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

36

FY 3/2024 Full-year Consolidated Forecasts
Although NISSO HOLDINGS' consolidated financial results have been calculated based on the full-year consolidated forecasts
announced by NISSO CORPORATION on May 11, 2023, taking into account the impact of the establishment of a holding
company, the disclosed figures remain unchanged.
■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 HOLDINGS Co., Ltd. All Rights Reserved37

６

Shareholder Return Policy

Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved38

Shareholder Return Policy
Basic Policy

Dividend and Payout Ratio

NISSO CORPORATION considers the redistributionof 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%

NISSO CORPORATION expects to pay a dividend of
20.50 yen per share (consolidated dividend payout
ratio of 30.3%).
In addition, the Shareholder Benefits Program willcontinue.

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

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.

39

Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved39

７

Supplementary Materials

Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved40Consolidated Balance Sheet(Unit: Million yen, %)Mar. 2023-end

Sep. 2023-end

AmountAmount% of Total% of Total

Increase(Decrease)

Point①Increase due to expansion of the21,747

72.3

25,05575.0

Cash and deposits

9,800

32.6

12,46937.3

Accounts receivable - trade

10,98636.5

11,65534.9

668 in operation in the manufacturing-related

8,344

27.7

8,348

25.0

Property, plant and equipment

4,660

15.5

4,659

13.9

3 receivable (trade)" of current assets and(1) "accrued expenses" of current liabilities

Intangible assets

1,514

5.0

1,430

4.3

(83)

Investments and other assets

2,169

7.2

2,258

6.8

Total assets

30,092100.0

33,403100.0

89 ②Procurement of funds
As a result of new borrowings, "cash and3,311

Current liabilities

12,18740.5

15,652

46.9

3,465

－
6,119

－
20.3

3,000
6,683

9.0
20.0

3,000
564 ③Overall

1,395

4.6

1,459

4.4

Non-current liabilities

3,097

10.3

2,856

8.6

64 increased by 11.0%, total liabilities increased(240) by 21.1%, and total net assets increased byLong-term loans payable
Total liabilities

2,019

6.7

1,773

5.3

(245) 0.6%, resulting in an equity ratio of 43.9%

15,28450.8

18,50955.4

Shareholders' equity

14,56348.4

14,64543.8

3,224 year.
81

239

0.8

242

0.7

2

Total net assets

14,80749.2

14,894

44.6

86

Total liabilities and net assets

30,092100.0
33,403100.0
3,311
Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved

Current assets

Non-current assets

Short-term loans payable
Accrued expenses
Provision for bonuses

Non-controlling interests

3,307 number of staff in operation
Due to the expansion of the number of staff
2,669
human resources services, etc., "accounts
increased.

deposits" of current assets and "short-termloans payable" of current liabilities increased.
As a result of the above, total assets

compared to the end of the previous fiscal

41

Consolidated Statements of Cash Flows(Unit: Million yen)

FY 3/23
2Q YTDFY 3/24
2Q YTD

AmountAmountCash flows from operating activities

(96)

673

Cash flows from investing activities

113

(212)

Point
Increase(Decrease)770②Cash flows from investing activities
Expenditures amounted to 212 million yen
due to expenditures of 138 million yen for(326) purchase of property, plant and equipment, etc.
③ Cash flows from financing activities
Proceeds amounted to 2,208 million yen, as
proceeds of 3,000 million yen in net increase
3,071(decrease) in short-term loans payable
absorbed expenditures as cash dividends paidof 544 million yen.

Cash flows from financing activities

(863)

2,208

Net increase (decrease) in cash andcash equivalents

(846)

2,669

8,773

9,800

1,026

7,927

12,4694,542

Cash and cash equivalents at
beginning of period
Cash and cash equivalents at end of
period①Cash flows from operating activities
Proceeds amounted to 673 million yen, as
proceeds of 998 million yen in profit before
income taxes, etc., absorbed expenditures suchas an increase in notes and accounts receivable(trade) of 668 million yen.

3,515

Copyright ⓒ 2023 NISSO HOLDINGS Co., Ltd. All Rights Reserved42

Making hardworking people, happy.

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

〈For future IR-related inquiries〉

IR Division, NISSO HOLDINGS Co., Ltd.
TEL

045-777-7630

E-mailir@nisso-ir.com

URL

https://www.nisso-hd.com

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