FY 3/2022

Financial Results
Briefing Materials
Nurturing and Bringing Out
the Best in People

NISSO CORPORATIONTSE PRM Code: 6569

May 13, 2022

Summary
FY 3/2022 Results●The number of enrolled staff increased by 1,799 from the end of the previous FY●Revenue increased year-on-year due to increases in enrollment and billing unit-costs●Profits decreased year-on-year due to a decrease in operations as a result of semiconductor
and parts shortages in the automobiles industry●Net sales target in engineering area were achieved

FY 3/2023 Consolidated Earnings Forecast●The effects of semiconductor and parts shortages are expected to continue to some extent●Demand for human resources is strong, and revenue and profits are expected to increase

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

1CONTENTS

1

FY 3/2022

Financial Results Summary2

FY 3/2022

Overview of Activities

3

Financial Results by Target Segment

4

Future Prospects (FY 3/2023）

5

Shareholder Return Policy

6

Supplementary Materials

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved2

１

FY 3/2022

Financial Results Summary

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved3

FY 3/2022 Consolidated Financial Results Highlights（Unit: Million yen）

PointsFY 3/21
Results• Revenue increased due to increases inenrollment and billing unit-costs.

FY 3/22% of Total

Results

Year-on-Year% of Total

Increase(Decrease)% Change• In the automobiles-related industry, theeffects of semiconductor and parts
shortages continued, operations
decreased, and gross profit margin
declined.

Net sales

68,213100.0%

77,549100.0%

9,335

13.7%

Gross profit

11,78717.3%

12,950

16.7%

1,163

9.9%

• Needs for external human resources
remains high. As a result, investment inrecruitment continued and SG&A
expenses increased.

SG&A
expenses

9,188

13.5%

10,863

14.0%

1,675

18.2%

Operatingprofit

2,599

3.8%

2,087

2.7%

(512)

(19.7%)

Ordinary
profit

2,949

4.3%

2,369

3.1%

(580)

(19.7%)

Profitattributableto owners ofparent

1,592

2.3%

1,696

2.2%

103

6.5%

• Revenue decreased and profits increasedin Other Businesses.

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4

FY 3/2022 Quarterly Consolidated Financial Results（Unit: Million yen）

（Unit: Million yen）

Net sales

Operating profit
20,572
20,28220,00018,00019,24818,92018,814
17,9831400

1,165
17,771
17,47018,64918,045

1200

947

1000

16,55716,414

767

800

16,000

920

680

650
600

14,000

525

477

354

400
12,000

582
470

206

200

0

10,000１Q ２Q ３Q ４Q １Q ２Q ３Q ４Q １Q ２Q ３Q ４Q【FY 3/21】【FY 3/20】【FY 3/22】

１Q ２Q ３Q ４Q 1Q ２Q ３Q ４Q １Q ２Q ３Q ４Q【FY 3/20】

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved【FY 3/21】【FY 3/22】

5

FY 3/2022 Non-consolidated Financial Results Highlights
Net sales（Unit: Million yen）

Net sales increased by 14.6% due toincreases in enrollment and billing unit-costs.

FY 3/21

Expenses・Profits

Results• In addition to the spread of COVID-19 andsemiconductor and parts shortages in theautomobiles-related industry, the impact ofthe decrease in operations (number ofworking days, overtime hours, holiday work,etc.) continued due to earthquakes, etc., net
sales decreased by approximately 2.7 billion
yen and operating profit decreased byapproximately 1.3 billion yen.
• Needs for human resources were high,mainly in the automobiles and electronic
devices industry, investment in recruitment
continues, and SG&A expenses increased.

FY 3/22% of Total

Results

Year-on-Year% of Total

Increase(Decrease)% Change

Net sales

62,549100.0%

71,697100.0%

9,147

14.6%

Gross profit

11,22617.9%

12,336

17.2%

1,110

9.9%

SG&A
expenses

8,603

13.8%

10,222

14.3%

1,618

18.8%

Operatingprofit

2,622

4.2%

2,113

2.9%

(508)

(19.4%)

Ordinary
profit

2,863

4.6%

2,293

3.2%

(569)

(19.9%)

Profit

1,530

2.4%

1,610

2.2%

80

5.3%

Subsidy Income• FY 3/2021: 290 Million yen• FY 3/2022: 176 Million yen
Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

6

FY 3/2022 Quarterly Non-consolidated Financial Results（Unit: Million yen）

（Unit: Million yen）

Operating profit

Net sales
1400

20,00018,00019,02818,687
17,775
17,389 17,478
16,566

16,0001,204
1200

17,296
16,357
16,036

16,684

958

1000

903

783
800

15,15315,002

685

663
555

600
14,000

566
482

468

380

400

204

12,000200

010,000１Q ２Q ３Q ４Q 1Q ２Q ３Q ４Q １Q ２Q ３Q ４Q【FY 3/20】【FY 3/21】【FY 3/22】

１Q ２Q ３Q ４Q 1Q ２Q ３Q ４Q １Q ２Q ３Q ４Q【FY 3/20】

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved【FY 3/21】【FY 3/22】

7

2

FY 3/2022

Overview of Activities

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8

FY 3/2022 Financial Results Summary
Consolidated Financial Results

Net Sales
Operating Profit

77,549 Million yen （ 9,335 Million yen／ 13.7 % YoY ）2,087 Million yen （ -512 Million yen／- 19.7 % YoY ）● Net Sales by Industry (YoY)

Automobiles… +16.7％

Electronic devices… +19.2%● FY-end Number of Enrolled Staff
14,945 staff（+1,799 staff from FY 3/21-end ）● Net Sales per Capita/Monthly
415 Thousand yen(+19 Thousand yen YoY)

・In the automobiles-related industry, net sales increased by 16.7%. Net sales
increased due to an increases in enrollment and billing unit-costs, and the effectsof shortages of semiconductor and parts supplies continued.
・In the electronic devices-related industry, net sales increased by 19.2% YoY.
Demand for semiconductors continued to be strong.

・The number of enrolled staff increased by 1.799 compared to FY 3/21-end. In
addition to the continued increase in the number of staff in the automobilesindustry, the number of enrolled staff in the robust electronic devices-industry also
increased.
・Net sales per capita in the automobiles-related industry increased by 19 thousand
yen YoY due to the continued effects of the decrease in operations (number ofworking days, overtime hours, holiday work, etc.) as a result of earthquakes, etc.,
in addition to semiconductor and parts shortages and the spread of COVID-19, as
well as increases in billing unit-costs.

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9

FY 3/2022 Net Sales by Industry (NISSO, Non-consolidated)（Unit: Million yen）

Net Sales Composition Ratios
Other

Precision・Elec. Machinery

7.9％
9,111

（14.6％）

5.1％

Elec. Devices

9,827（13.7％）

8,329（11.6％）

7,924

18,406

21,935（43.3％）

FY 3/21【Electronic Devices】
Net sales increased by 19.2% YoY. Enrollment
increased due to strong demand for semiconductors.
In addition, billing unit-costs increased due to anincrease in the number of enrolled engineers, andnet sales reached a record high since NISSO's listing.

（30.6％）（29.4％）

27,104

Net sales increased by 5.1% YoY, although demandremained unchanged. Net sales did not reach thelevel of FY 3/20.

Automobiles（12.7％）

19.2％【Precision・Electrical Machinery】【Automobiles】

16.7％

31,618（44.1％）

FY 3/22※（ ）= % of Total net sales, Red = % of Year-on-Year growth

Net sales increased by 16.7% YoY. Although
operations (number of working days, overtime hours,
holiday work, etc.) decreased due to the impact of
the Fukushima Earthquake, etc., in addition tosemiconductor and parts shortages and the spreadof COVID-19, mainly at auto-body manufacturers,
net sales increased due to increases in enrollment
and billing unit-costs.

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

10

FY 3/2022 Quarterly Net Sales by Industry (NISSO, Non-consolidated)

Automobiles

2,631（15.9％）

2,371

Elec. Devices

2,680

Precision・Elec. Machinery

2,774（15.4％）（15.9％）

2,317

2,190

（13.3％）（12.5％）

2,570

2,563

（14.4％）

2,182（12.3％）（14.3％）

4,057（24.5％）

4,633（26.6％）

4,487（25.7％）

2,383（15.0％）

2,113

1,895

（13.9％）

4,650

7,757

（45.3％）（44.6％）（45.9％）

１Q

２Q

３Q

【FY 3/20】※（

8,378（47.1％）

４Q

2,287（14.3％）

1,942（12.1％）

2190（13.4％）

1973（12.1％）

2,315（13.9％）

2,047（12.3％）

2,426（14.0％）

2,067

4,413

4,537

4774

5,119

5,366

（28.3％）（29.2％）（30.7％）（31.0％）

2,152（11.5％）（13.2％）

2,061（10.8％）

7,268

7,418

7,216

7,436

5,685

（30.4％）

5,763（30.3％）（29.4％）

6,443（39.4％）（43.0％）（45.3％）（45.4％）（43.2％）（43.0％）

１Q

２Q

３Q

４Q

１Q

２Q

5,974

（13.8％）

2,515（12.0％）（12.6％）（26.2％）

4,680

8,026

2,249

（15.7％）（30.9％）

7,505（Unit: Million yen）

Other

【FY 3/21】

8,278

8,687

（44.3％）（45.7％）３Q

４Q【FY 3/22】）= % of Total net sales

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11

Net Sales per Capita（NISSO, Non-consolidated）● FY 3/2022 Totals ＜Overall net sales per capita＞
415 Thousand yen (+19 Thousand yen YoY)
＜Skilled staff net sales per capita＞ 473 Thousand yen (+13 Thousand yen YoY)
● Overall and skilled staff net sales per capita increased YoY partly due to an increase in billing unit-costs, and as a result of theeffects of semiconductor and parts shortages in the automobiles-related industry and the spread of COVID-19, as well as
decreased operations due to the Fukushima Earthquake, etc.
（Unit: Thousand yen）

（Unit: Thousand yen）

Net Sales per Capita

Net Sales per Capita(Monthly Average Conversion)(Quarterly)
Skilled staff

Skilled staff
500

460
396

473

500

485

482

478

490

485

Overall

451

415

400

483

400

391

396

397

403

421

419

418

390

Overall

464
409

464
406

482

423

481

421

358

300

300

200

200

FY 3/21FY 3/22

１Q

２Q

３Q

【FY 3/20】

４Q

１Q

２Q

３Q

【FY 3/21】

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

４Q

１Q

２Q

３Q

４Q

【FY 3/22】

12

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

Compared w. Previous FY-end

Number of Enrolled Staff at Quarter-end＋1,799 staff（＋13.7％）

Point①
The number of enrolled staff increased, mainlyin the automobiles and electronic devices
industries, due to recovery production in theautomobiles-related industry, an increase in
the number of staff as a result of strong
demand for semiconductors, and the
suppression of staff resigning from NISSO.

14,945
14,715

14,77014,638
14,63915,00014,282

14,225

13,856

14,00013,243

13,146

12,692
12,52413,00012,000

Point②
11,000

Manufacturing-related human resources
needs remain high.
10,000

１Q

２Q

３Q

４Q

１Q

【FY 3/20】

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２Q

３Q【FY 3/21】

４Q

１Q

２Q

３Q

４Q

【FY 3/22】

13

Number of Skilled Staff・Engineers (NISSO, Non-consolidated)（Unit: # of SS・Engineers）

Number of Skilled Staff・Engineers

Point①
The total number of skilled staff and engineers
increased by 102 compared to 3Q.

6,328
6,226

6,500

6,024

Point②

5,856

6,000

982
5,500

NISSO is actively promoting careerchanges from skilled staff to engineers.

Engineers
1,105

5,250

5,387 5,293

5,381 5,436

861

901

5,085
5,000

4,500

4,803
4,501

Skilled
staff
5,223

5,244
5,123

Point③The needs of engineers in the equipment
technology field are high and are expected
to expand in the future.

4,995

4,000

3,500

3,000

1Q

2Q

3Q

4Q

1Q

【FY 3/20】

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

2Q

3Q【FY 3/21】

4Q

１Q

２Q

３Q

４Q

【FY 3/22】

14

Account Companies (NISSO, Non-consolidated)Account Company Groups Net Sales

Point①
Total net sales of Account Company Groups
in 4Q increased 12.4% YoY, and reached arecord high since NISSO's listing.
Quarterly net sales in 4Q also reached arecord high since NISSO's listing.

（Unit: Million yen）
Net sales (left axis)
12,000(Unit: %)Composition ratio (right axis)

47.7 48.0
45.9

10,000

Point②8,000

In addition to the increase in the number ofstaff, mainly at automobiles andsemiconductor-related manufacturers, net
sales increased due to an increase in billing
unit-costs.

Point③44.1 44.2
7,300

50.0

47.1 47.6 47.2 46.8 46.7

43.3

8,152
7,677 7,565

7,2257,201

7,551

46.1

8,721 8,772
7,780 7,874 8,091

40.0
6,000

35.0
4,000

30.0

2,000

The ratio of net sales of Account companies
decreased due to effects of the earthquake,etc., in addition to shortages ofsemiconductor and parts supplies in theautomobiles-related industry.

45.0

0

１Q

２Q

３Q

４Q

【FY 3/20】

１Q

２Q

３Q

４Q

【FY 3/21】

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

１Q

２Q

３Q

４Q

25.0

【FY 3/22】

15

Turnover Rates (NISSO, Non-consolidated)(Unit: %)Trend of Turnover Rates

FY 3/2022 Results
Overall turnover rate

Overall (Fixed term staff・Skilled staff・Engineers)

3.8％

6

(Improvement of 0.4 pts vs. FY 3/2021)

5.5
4.9

4.6

4.7

Skilled staff・Engineers turnover rate

5

(Improvement of 0.2 pts vs. FY 3/2021）

4

4

3

3

1.8％

1.7

2

Point
Although the turnover rates increased slightly
due to an increase in the number of enrolled
staff, the overall turnover rate remained below
4%. The turnover rate of skilled staff andengineers was also maintained at less than 2%.

4.2

2.0

5

1.5

2

1

0

0
FY 3/18

FY 3/19

FY 3/20

3.5

3.7

3.7

1.5

1.6

2Q

3Q

2.0

1

FY 3/17

Skilled staff・Engineers6

FY 3/21

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1.2

1Q

3.8

1.8

4Q

【FY 3/22】

16

Educational Achievements（NISSO, Non-consolidated）
Point①
Total educational achievements of the maincourses increased by 3,561 participantsfrom the previous FY.

Point②
Due to the promotion of career changes toengineers, the number of participants forengineer education increased by 350 fromthe previous FY, and the number ofparticipants for basic equipment
maintenance education increased by 31
from the previous FY.

● FY 3/2022 4Q Main course-specific educational achievements(total # of participants)

Training course name

４Ｑ
（Jan - Mar）

(Unit: # of participants)

Contents

FY 3/22
Total(Reference)
FY 3/21
Total

Skilled staff
education

457

Standard skilled staff education

1,594

970

Basic equipment
maintenanceeducation

100

Basic equipment maintenanceeducation

290

259

142

Manufacturing equipment
maintenance・ manufacturing
equipment technology
Mechanical design・production
technology
SEAJ education (safety education
specializing in semiconductors)

418

68

1,277

MONOZUKURI (manufacturing)education, pre-assignment training
for manufacturing staff, mobile
education

5,396

2,840

7,698

4,137

Engineer education

Manufacturing
education

Total

1,976

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3 Financial Results by Target Segment(FY 3/2022)

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18

Net Sales・Operating Profit Ratio by Company
FY 3/2022
Net Sales by Company
71,697

FY 3/2022
Operating Profit by Company(Unit: Million yen)

70,000

2,300

2,114

(Unit: Million yen)

2,000
60,000※Percentages indicate non-consolidated
net sales ratios※Percentages indicate non-consolidated
operating profit ratios

1,700

50,0001,400
40,000（92.0%）

1,100（95.4%）

30,000800
20,000500

10,000

2,482

0
NISSO

59

2,963

200

6

0.5%

3.8%

(100)

0.3%

-64

2.7%

1.7%

Vector Shinwa

Nisso Nifty

Nisso Brain

Nisso Pure

Vector Shinwa

Nisso Nifty

418

388

3.2%

0.5%

Nisso Brain

Nisso Pure

NISSO

90% or more of net sales and operating profit are composed of
NISSO’s non-consolidated business results
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36

19

Existing Areas(Unit: # of Staff)(Unit: Million yen)

Existing Net Sales

Existing Net Sales

Net sales in 4Q alone increased by 0.7%
compared to 3Q, partly due to an increase in
the number of enrolled staff.

（Quarterly）

20,000

Number of Existing Enrolled Staff at
Quarter-end
16,00018,066 18,185

14,482 14,594

18,00014,00016,593

13,621

13,952

16,061
16,000Existing Enrolled Staff
12,000The number of enrolled staff increased by 112
compared to 3Q due to the increase in thenumber of staff in the automobiles andelectronic devices industries.

14,00010,00012,00010,000

１Q

２Q

３Q

４Q

【FY 3/22】

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

8,000

１Q

２Q

３Q

４Q

【FY 3/22】

20

Engineering Area (Financial Results)
Net sales(Unit: Million yen)・Net sales in 4Q increased by 184 million yen(12.5%) compared to 3Q, partly due to anincrease in the number of enrolled staff.
・Compared to the targets for the current FY,
the achievement rate was 138.3%, which
was the highest among net sales targets bytarget segments.

(Unit: Thousand yen)

Engineer Net Sales

Engineer Net Sales per Capita（Quarterly）（Monthly Average Conversion）

1,800

1,654

550

523

1,600

509

1,470

512

514

３Q

４Q

500

1,400

1,303
1,242

Net sales per capita
1,200

The net sales per capita of engineers was
514 thousand yen/month, which exceededthat of skilled staff which was 473 thousand
yen/month.

450

1,000

800

１Q

２Q

３Q

４Q

【FY 3/22】

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400

１Q

２Q

【FY 3/22】

21

Engineering Area: Number of Enrolled Engineers(Unit: %)(Unit: # of Engineers)

Number of Enrolled Engineers at
Quarter-end

Enrolled Engineers at FY-end
・The number of enrolled engineers
increased by 123 from the end of 3Q.
・The increase in the number of newly
enrolled engineers on a quarterly basis was
the largest during the current FY.

Composition Ratio of
Engineer Enrollment by Industry
Other
Design technology

1,200

1,105

※Other: Development, IT development, analysis, etc.
100%

1,100

982

1,000

Production technology
Equipment technology

80%

4.6%

4.6%

4.4%

4.3%

14.2%

11.7%

12.2%

10.2%

4.4%

5.4%

5.2%

76.8%

78.4%

78.2%

１Q

２Q

３Q

4.3%

901
900

861

60%

800

Engineer Industry Classification

40%

81.2%

700

By industry, NISSO focused on equipment
technology centered on semiconductor
devices, and increased the composition ratio.

20%
600

500

0%

１Q

２Q

３Q

４Q

【FY 3/22】

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

４Q【FY 3/22】

22

Turnover Rates (Existing・Engineering Areas)(Unit: %)Trend of Turnover Rates

FY 3/2022 Results

Existing (Fixed term staff・Skilled staff)
Engineers

Existing area (non-consolidated) turnover rate

3.9％

6

(±0.0 pts vs. FY 3/2022 3Q)
5Engineering area (non-consolidated) turnover rate

1.9％

4

(±0.0 pts vs. FY 3/2022 3Q)

3.7

3.8

3.9

3.9

1.9

1.9

3Q

4Q

3

2

Point

1.4

1.7

1

The existing turnover rate remained below 4%. The
turnover rate of engineers remained at less than 2%.

0

1Q

2Q

【FY 3/22】

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23

Other Businesses Business Revenue
Points●Results of Other Businesses• Operating profit increased by 56.6% YoY.
• Despite a slight decrease in the number ofresidents, profits increased due to efficient
operations.
• The occupancy rate of all nursing care facilities
continues to be maintained at 90% or higher.

FY 3/21
Results

Net sales
Expenses
Operatingprofit（Unit: Million yen）

FY 3/22% of Total

Results

Year-on-Year% of Total

Increase(Decrease)% Change

2,972

100.0%

2,963

100.0%(9)(0.3%)

2,949

99.2%

2,926

98.8%

(23)

(0.8%)

23

0.8%

36

1.2%

13

56.6%

(Unit: # of residents)

Number of facility residents

# of
入居者数
residents

Occupancy
入居率
rate【Bldg. 1~6】（Capacity: 402）
400

382

381

375

382

370

364

95.0%

94.8%

93.3%

95.0%

92.0%

90.5%

Dec.'20-end

Mar.'21-end

Jun.'21-end

Sep.'21-end

Dec.'21-end

Mar.'22-end

300
200
100
0

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

24Summary (Progress of Net Sales Targets by Target Segment)(Unit: Million yen)
Full-year Result

Full-year Result

Full-year Result

77,54968,907

5,670

Achievement
rate

Achievement
rate

Achievement
rate

97.9％

99.4％

138.3％

Full-year Result

Full-year Result

９

2,963

Achievement
rate

Achievement
rate

1.8％

98.8％

9

Consolidated
FY 3/22
Consolidated
Full-year
TargetNet sales

Results

78,000 77,549

Engineering Area

Existing Areas
FY 3/22
Existing Areas

Progress Full-year
rate
TargetResults

99.4% 70,400 68,907

New Businesses

Other Businesses (nursing care・

FY 3/22
New Businesses

FY 3/22
Other Businesses

FY 3/22
Engineering Area

Progress Full-year
rate
Target

97.9%

4,100

Results

5,670

Achievement Full-year
rate
Target138.3％

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

500

Results９

welfare)Progress Full-year
rate
Target

1.8%

3,000

Results

2,963

Progress
rate

98.8%

25

4

Future Prospects (FY 3/2023）

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

26

FY 3/2023 Full-year Consolidated Forecasts
In the full-year consolidated forecast, although NISSO expects the effects of semiconductor and parts shortages
to continue to some extent, we expect both revenue and profits to increase.
■FY 3/2023 Full-year Consolidated Forecast (April 1, 2022 ～ March 31, 2023)

FY 3/22 Results
Results

FY 3/23 Forecast% of Total

Forecast(Unit: Million yen)

Year-on-Year% of Total

Increase(Decrease)% Change

77,549100.0%

88,600100.0%

11,05014.2%

Operating profit

2,087

2.7%

2,700

3.0%

612

29.4%

Ordinary profit

2,369

3.1%

2,700

3.0%

330

13.9%

Profit attributableto owners ofparent

1,696

2.2%

1,800

2.0%

103

6.1%

Net sales

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved27

5

Shareholder Return Policy

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved28

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.

FY 3/2022 Dividend (Expected)
2022年３月期の配当（予定）(Unit: %)(Unit: Yen)
30.00

Dividend (left axis)

Payout ratio (right axis)

100%

25.00 yen

90%

25.00

80%

20.10 yen

NISSO plans to pay a dividend of 18.00 per share(consolidated dividend payout ratio of 36.0%) as
expected at the beginning of the fiscal year.

70%

18.00 yen

20.00

16.00 yen
15.00

41.3%

42.7%

50%

36.0%

30.2%

10.00

FY 3/2023 Dividend Forecast

60%

40%
30%
20%

5.00

10%

NISSO forecasts a dividend of 16.00 yen per share.

0.00

FY 3/2020

FY 3/2021

FY 3/2022(Expected)

FY 3/2023(Forecast)

0%※The dividend for FY 3/2021 includes NISSO's 50th Anniversary commemorative dividend.

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved29

6

Supplementary Materials

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved30Consolidated Balance Sheet
Mar. 2021-end

Mar. 2022-end

AmountAmount% of Total(Unit: Million yen, ％)% of Total

Increase(Decrease)

14,81368.5

19,068

69.4

4,254

Cash and deposits

5,873

27.2

8,779

32.0

2,905

Notes and accounts receivable - trade

8,094

37.4

9,390

34.2

1,296

6,817

31.5

8,394

30.6

1,577

4,654

21.5

4,578

16.7

(76)

305

1.4

1,667

6.1

1,361

1,857

8.6

2,149

7.8

292

21,631

100.0

27,462

100.0

5,831

8,178

37.8

10,411

37.9

2,232

-

0.0

490

1.8

490

4,541

21.0

5,381

19.6

839

Provision for bonuses

950

4.4

1,058

3.9

108

Non-current liabilities

689

3.2

3,492

12.7

2,802

-

0.0

2,509

9.1

2,509

8,868

41.0

13,903

50.6

5,035

Shareholders' equity

12,74458.9

13,54049.3

796

Total net assets

12,76359.0

13,55949.4

796

Total liabilities and net assets

21,631

100.0

27,462

100.0

5,831

Current assets

Non-current assets

Property, plant and equipment
Intangible assets
Investments and other assets
Total assets

Current liabilities
Current portion of long-term loans payable

Accrued expenses

Long-term loans payable
Total liabilities

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

Point①Increase in the number of staff inoperation
Due to the increase in the number of staff
operating in the manufacturing-related
human resources services, "notes andaccounts receivable - trade" of current assets
and "accrued expenses" of current liabilities
increased.
②Business combinations, etc.
As a result of the establishment of a new
subsidiary with the acquisition of shares,"intangible assets" increased.

③Financing
New borrowings from financial institutions
resulted in increases in "current portion of
long-term loans payables" of current
liabilities and "long-term loans payable" of
non-current liabilities.
④Overall
As a result of the above, total assets
increased by 27.0% YoY, total liabilities
increased by 56.8% YoY, total net assets
increased by 6.2% YoY, equity ratio
decreased by 9.6% YoY to 49.4%.

31

Consolidated Statements of Cash Flows(Unit: Million yen)

FY 3/21
Amount

CF from operating activities

1,672

CF from investing activities(496)

CF from financing activities
Net increase (decrease) in cash
and cash equivalents
Cash and cash equivalents at
beginning of period
Cash and cash equivalents at
end of period

FY 3/22

Increase(Decrease)

Amount2,273(1,538)600(1,042)(1,668)

2,164

3,832

(491)

2,899

3,391

6,365

5,873

(491)

5,873

8,773

2,899

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

Point①Cash flows from operating activities
Proceeds from profit before income taxes,
etc., absorbed the expenditures fromincreases in notes and account receivablestrade, etc., resulting in proceeds of 2,273
million yen.
②Cash flows from investing activities
Expenditures such as the acquisition ofshares of subsidiaries resulting in the change
in the scope of consolidation resulted in
expenditures of 1,538 million yen.
③Cash flows from financing activities
Proceeds of 2,164 million yen was obtainedby absorbing expenditures such as cash
dividends paid with proceeds from long-termloans payable.

32

Nurturing and Bringing Out
the Best in People

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

PR・IR Division, NISSO CORPORATION
TEL

045-777-7630

E-mailir@nisso-ir.com

URL

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