First Nine Months of FY 3/2023

Financial Results
Briefing Materials
Making hardworking people,
happy.

人を育て 人を活かす

NISSO CORPORATIONTSE Prime Market Code:6569

February 9, 2023

Summary
FY 3/2023 3Q Results●Revenue increased and profits decreased year-on-year●Operating profit recovered to the previous year's level●Although operations in the automobiles-related industry entered a recovery period, theimpact of parts shortages continued, and human resources needs were firm
●Demand for components related to PCs and communication equipment for electronic
devices continued to decline●Demand for semiconductors declined in the memory field, while demand for in-vehicle
products were strong●The number of enrolled engineers steadily increased, and net sales also increased

year-on-year

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

1CONTENTS

1

First Nine Months of FY 3/2023

Financial Results Summary

2First Nine Months of FY 3/2023

Overview of Activities

3

Financial Results by Segment

4

Future Prospects (FY 3/2023）

5

Shareholder Return Policy

6

Supplementary Materials
Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved2１First Nine Months of FY 3/2023 (3Q)

Financial Results Summary

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved3

FY 3/2023 3Q Consolidated Financial Results Highlights（Unit: Million yen）

PointsFY 3/2022 3Q• Revenue increased due to an increase in
the number of enrolled staff and anincrease in billing unit-costs.

Results• Although the effects of COVID-19 and theimpact of reduced operations (number ofworking days, overtime hours, holiday
work, etc.) due to parts shortages suchas the shortage of semiconductors in theautomobiles
industry
remained,
operations gradually recovered, and grossmargin improved by 0.4 percentage
points compared to 2Q.
• Other Businesses (nursing care・welfare
services) increased revenue and profits.

% of Total

FY 3/2023 3Q
Results% of Total

Year-on-Year
Increase(Decrease)% Change

56,977100.0%

67,201100.0%

10,22417.9%

Gross profit

9,493

16.7%

10,576

15.7%

1,082

11.4%

SG&A
expenses

8,086

14.2%

9,177

13.7%

1,091

13.5%

Operatingprofit

1,406

2.5%

1,398

2.1%

(8)

(0.6%)

Ordinary
profit

1,595

2.8%

1,501

2.2%

(94)

(5.9%)

Profitattributableto owners ofparent

1,036

1.8%

937

1.4%

(98)

(9.5%)Net sales

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

4

FY 3/2023 Quarterly Consolidated Financial Results（Unit: Million yen）

（Unit: Million yen）

Net sales

Operating profit
24,0381000

947

24,00022,661
22,000888

800

20,572 20,501
20,282680

700

20,00018,64917,771 18,045
17,47018,000

920

900

582

600

525
500

16,557
16,41416,000

354

400
300

14,000

470

259

250

２Q ３Q ４Q １Q ２Q ３Q ４Q

1Q

２Q ３Q

【FY 3/21】【FY 3/23】

206

200
12,000100

010,000

１Q

２Q

３Q【FY 3/21】

４Q

１Q

２Q

３Q

【FY 3/22】

４Q

１Q

２Q

３Q

【FY 3/23】

1Q

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

5

FY 3/2023 3Q Non-consolidated Financial Results Highlights
Net sales（Unit: Million yen）

Net sales increased by 14.0% due to anincrease in the number of enrolled staff and
an increase in billing unit-costs.

Expenses・Profits• Despite a YoY decline in gross margin due
to the effects of COVID-19 and reduced
operations, it improved by 0.5 percentage
points compared to 2Q.
• Demandfor
manufacturing-related
human resources was strong.
• Invested
efficiently
in
recruitment,
controlled SG&A expenses in 3Q, andimproved the SG&A expenses ratio YoY.

FY 3/2023 3Q

Results

Results% of Total% of Total

Year-on-Year
Increase(Decrease)% Change

52,668100.0%

60,022100.0%

7,353

14.0%

Gross profit

9,048

17.2%

9,789

16.3%

741

8.2%

SG&A
expenses

7,618

14.5%

8,389

14.0%

770

10.1%

Operatingprofit

1,429

2.7%

1,399

2.3%

(29)

(2.1%)

Ordinary
profit

1,528

2.9%

1,492

2.5%

(35)

(2.3%)

989

1.9%

960

1.6%

(29)

(3.0%)Net sales• Althoughtheimpactofreducedoperations (number of working days,
overtime hours, holiday work, etc.) due toparts shortages such as shortages ofsemiconductors in the automobilesindustry remained, operations gradually
recovered.

FY 3/2022 3Q

ProfitCopyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

6

FY 3/2023 Quarterly Non-consolidated Financial Results（Unit: Million yen）

（Unit: Million yen）

Operating profit

Net sales
1200

22,00021,147
19,91620,00018,00016,000958

1000

19,028 18,958
18,687

16,357
16,036

17,296
16,684

903
845

800

685

566

555

600

15,15315,002

482
380

400

14,000

263

291

204
12,000200

10,00001Q

２Q ３Q ４Q １Q ２Q ３Q ４Q １Q ２Q ３Q【FY 3/21】【FY 3/22】【FY 3/23】

1Q

２Q ３Q ４Q １Q ２Q ３Q ４Q

1Q【FY 3/21】【FY 3/23】

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

２Q ３Q

7

2

First Nine Months of FY 3/2023 (3Q)

Overview of Activities

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

8

FY 3/2023 3Q Financial Results Summary
Consolidated Financial Results

Net Sales
67,201 Million yen （10,224 Million yen／ 17.9％）
Operating Profit
1,398 Million yen （-8 Million yen／- 0.6％）
Non-consolidated Financial Results● Net Sales by Industry (YoY)
Automobiles… ＋16.0％

Electronic devices… ＋15.4％● 3Q-end Number of Enrolled Staff
16,111 staff

・ In the automobiles-related industry, net sales increased by 16.0% YoY. Although the impact of
reduced operations due to parts shortages remained, operations gradually recovered. Net sales
increased due to an increase in the number of enrolled staff and an increase in billing unit-costs.
・ In the electronic devices-related industry, net sales increased by 15.4% YoY. In addition to the PC
and communication equipment-related industries, net sales increased due to an increase in thenumber of enrolled staff and an increase in billing unit-costs, despite a partial decrease in demand
for semiconductors.
・The number of enrolled staff increased by 1,166 compared to FY 3/22-end. The number of enrolled
staff increased, mainly in the automobiles industry, where human resources needs were high.

(+1,166 staff from FY 3/22-end)● Net Sales per Capita/Monthly
425 Thousand yen

・Net sales per capita increased by 13 thousand yen YoY. The increase was partly due to an increasein billing unit-costs and a gradual recovery in operations in the automobiles-related industry.

(+13 Thousand yen YoY)
Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

9

FY 3/2023 3Q Net Sales by Industry (NISSO, Non-consolidated)（Unit: Million yen）

Net Sales Composition Ratios
Other

Precision・Elec. Machinery

Elec. Devices

Automobiles【Precision・Electrical Machinery】
Net sales increased by 8.7% YoY. Net sales increased
partly due to an increase in the number of enrolled staff.

60,00050,0007,312（13.9％）

40,00030,000

7,937

＋8.6％

（13.2％）＋8.7％（11.4％）＋15.4％（31.1％）＋16.0％

26,610

6,814

6,268

（11.9％）

16,172

18,659（30.7％）【Electronic Devices】
Net sales increased by 15.4% YoY. In addition to the PC
and communication equipment-related industries, net
sales in 3Q reached a record high since NISSO's listing,due to an increase in the number of enrolled staff and anincrease in billing unit-costs, despite a partial decrease indemand for semiconductors.

20,00010,00022,931（43.5％）（44.3％）0FY 3/22 3Q※（

FY 3/23 3Q）= % of Total net sales, Red = % of Year-on-Year growth【Automobiles】
Net sales increased by 16.0% YoY. Although the impact of
reduced operations (number of working days, overtime
hours, holiday work, etc.) due to parts shortages, etc.,
remained, operations gradually recovered. Due to anincrease in the number of enrolled staff and an increase inbilling unit-costs, net sales in 3Q reached a record highsince NISSO's listing.

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

10

FY 3/2023 Quarterly Net Sales by Industry (NISSO, Non-consolidated)

Automobiles

Elec. Devices

Precision・Elec. Machinery（Unit: Million yen）

Other

2,772

2,570

2,383

（15.7％）

2,113（13.9％）

4,680（30.9％）

5,974

2,249

（15.0％）

1,895

2,287

（14.3％）

1,942（12.1％）

2,315（13.4％）（13.9％）

1973

2,047

（12.1％）（12.3％）（12.6％）

4,413

4,537

（28.3％）

4774（29.2％）

5,119（30.7％）

2,426（14.0％）

2,067

2,152

（11.5％）

2,549（13.5％）

2,061

2,185

（10.8％）（11.5％）（12.0％）

5,366

5,763

5,980

2,256

（11.3％）

6,305

5,685

（30.3％）（31.5％）（31.7％）

8,278

8,687

8,243

8,738

（30.4％）（13.1％）

2,372（11.2％）

6,373（30.1％）（31.0％）（29.4％）

6,443（39.4％）（43.0％）

１Q

２Q

7,268

7,418

7,216

7,436

9,628

（45.3％）（45.4％）（43.2％）（43.0％）（44.3％）（45.7％）（43.5％）（43.9％）（45.5％）

３Q

４Q

１Q

２Q

３Q

４Q

１Q

２Q

３Q

【FY 3/21】※（

2190（13.8％）

2,515（13.2％）

2,615（13.1％）【FY 3/22】【FY 3/23】）= % of Total net sales

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved11Account Companies (NISSO, Non-consolidated)Account Company Groups Net Sales

Point①
Account Company Groups net sales in 3Q
reached a record high since NISSO's listing.

（Unit: Million yen）
12,000

Point②(Unit: %)Net sales (left axis)

47.7

48.0

47.1

47.6

47.2

Composition ratio (right axis)

46.8

10,000・ In the automobiles-related company
group, although the impact of reduced
operations (number of working days,
overtime hours, holiday work, etc.) due
to parts shortages such as shortages ofsemiconductors remained, operations
gradually recovered, and net sales
increased.
・ In addition to the decrease in demandfor PCs and mobile terminals in theelectronic devices-related company
group, there was also a partial decreasein demand for semiconductors, resulting
in a slowdown in net sales growth and adecrease in the composition ratio YoY.

8,000

7,225 7,201

7,551 7,780

7,874 8,091

46.7

46.1

45.3

50.0

43.9

42.7

8,721 8,772 8,581 8,736 9,028

40.0

30.0
6,000

20.0
4,000

10.0

2,000

0

１Q

２Q

３Q

４Q

１Q

【FY 3/21】

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

２Q

３Q【FY 3/22】

４Q

１Q

２Q

３Q

0.0

【FY 3/23】

12

Net Sales per Capita/Month（NISSO, Non-consolidated）●FY 3/2023 3Q YTD＜Overall net sales per capita＞

425 Thousand yen (+13 Thousand yen YoY)●Net sales per capita increased YoY due in part to an increase in billing unit-costs and a gradual recovery in operations in theautomobiles-related industry.
（Unit: Thousand yen）

（Unit: Thousand yen）

Net Sales per Capita/Month

Net Sales per Capita/Month(Monthly Average Conversion)(Quarterly)

500

400

500

389

412

425

421

418

３Q

４Q

390

400

409

406

１Q

２Q

423

421

３Q

４Q

411

424

440

358

300

300

200

200

FY 3/21 3Q FY 3/22 3Q FY 3/23 3Q

１Q

２Q【FY 3/21】【FY 3/22】

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

１Q

２Q

３Q

【FY 3/23】

13

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

Compared w. Previous FY-end

Number of Enrolled Staff at Quarter-end＋1,166 staff（＋7.8％）

Point①
Manufacturing-related human resources
needs remained strong, mainly in theautomobiles industry, and the number ofenrolled staff steadily increased.

16,111
15,73016,00014,945
14,71515,00014,225
13,856

14,00013,146

13,243

12,692

13,000

Point②The number of enrolled staff reached arecord high since NISSO's listing.

15,27012,52412,00011,00010,000

１Q

２Q

３Q

４Q

【FY 3/21】

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

１Q

２Q

３Q

【FY 3/22】

４Q

１Q

２Q

３Q

【FY 3/23】

14

Educational Achievements（NISSO, Non-consolidated）● FY 3/2023 3Q Main course-specific educational achievements

Point①(total # of participants)

Due in part to the steady increase in thenumber of engineers, the number ofparticipants in engineer education increased
YoY.

Point②
Partly due to a partial decrease in demand
for semiconductors, the number ofparticipants in basic equipment maintenanceeducation decreased slightly YoY.

(Unit: # of participants)

Training course
nameContents

FY 3/22 3Q(Oct ~ Dec)）

FY 3/23 3Q(Oct ~ Dec)

Year-on-Year
Increase(Decrease)

Basic equipment
maintenanceeducation

Basic equipment maintenanceeducation

100

97

(３)

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

158

234

＋76

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

1,419

1,604

＋185

Total

1,677

1,935

＋258

Manufacturing
education

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15

3

Financial Results by Segment(First Nine Months of FY 3/2023 (3Q))

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16

Net Sales by Segment (Services)
FY 3/2023 3Q
General Human Resources Services Business
55,00054,400FY 3/2023 3Q
Other Businesses(Unit: Million yen)

50,00055,000(Unit: Million yen)

50,00045,00045,00040,00040,00035,00035,00030,00030,00025,00025,00020,00020,00015,00015,000

6,331

10,00010,000

1,715

5,000

2,498

0

5,000

2,271

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

Manufacturing・production net sales in 3Q
increased by 9.5% YoY, partly due to anincrease in the number of enrolled staff and
an increase in billing unit-costs.

Number of Enrolled Manufacturing・Production Staff at Quarter-end(Quarterly)
16,000FY 3/22

20,000FY 3/22

FY 3/23

19,06618,000

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

17,987
17,346

14,11817,411

17,565

14,40014,00012,995FY 3/23

14,677
13,82013,926

３Q

４Q

13,324

15,992
16,00015,442
12,000The number of enrolled manufacturing・
production staff increased by 857 YoY.
Needs for manufacturing-related humanresources were strong, and the number ofenrolled staff increased partly due to an
improvement in the turnover rate.

14,00010,00012,00010,000

8,000

１Q

２Q

３Q

４Q

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

１Q

２Q

18

Manufacturing・Production Human Resources Services
Net Sales per Capita/Month(Unit: Thousand yen)

Manufacturing・Production
Net Sales per Capita/Month

Manufacturing・production net sales per
capita increased by 3.1% YoY.

(Monthly Avg. Conversion)

600

500

FY 3/22402 407402 413408 421

１Q

２Q

３Q

FY 3/23

411

400
300
200
100
0

４Q

Turnover Rate

(Unit: %)The manufacturing・production turnoverrate improved by 0.1 percentage points YoY
to less than 4%.

Manufacturing・Production
Trend of Turnover Rate
5

4

FY 3/223.8

4.0

FY 3/23

3.9

3.7

3.8

3.8

1Q

2Q

3Q

3.9

3

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

4Q

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

Engineering Net Sales

Engineering net sales in 3Q increased by
59.5% YoY.

Number of Enrolled Engineers
at Quarter-end(Quarterly)
2,000

FY 3/22
2,345

2,500

FY 3/23

FY 3/22

2,171

1,542

1,600

1,426

2,000

1,814

1,400

1,654

1,242

1105
982

1,303

1,000

Number of Enrolled Engineers

861

901

800

1,000

The number of enrolled engineers increasedby 560 YoY. NISSO continued to thepromotion of career changes to engineers,strengthened new hiring, and increased thenumber of enrolled engineers.

1,239
1,200

1,470

1,500

FY 3/23

1,800

600
400

500

200
0

0

１Q

２Q

３Q

４Q

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

１Q

２Q

３Q

４Q

20

Engineering Human Resources Services(Unit: Thousand yen)

Net Sales per Capita/MonthEngineering Net Sales per Capita/MonthEngineering net sales per capita increasedby 2.2% YoY.

(Monthly Avg. Conversion)

700

600

523

514

509

524

512

FY 3/22

FY 3/23
514

524

500
400
300
200
100
0

１Q

２Q

３Q

４Q
(Unit: %)Turnover Rate
Engineering Trend of Turnover Rate
Although the engineering turnover rate
decreased by 0.2 percentage points YoY, thetrend of improvement has continued from
1Q of this fiscal year.

3

2.3

FY 3/22

FY 3/23

2.2

2.1

1.7

1.9

1.9

2Q

3Q

4Q

2
1

1.4

0

1Q
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21

Toward the Growth of Engineering Human Resources Services【Semiconductor Field 】

We aim to develop high value-added human resources byenhancing cooperation with local communities, semiconductorrelated manufacturers, and NISSO's training centers.

Opening of Kumamoto Training Center
In order to respond to the shortage of human resources at semiconductorrelated companies, NISSO has announced a plan to open a training center inKumamoto Prefecture, which is scheduled to open in April 2023.

Technical Center Higashi-Nihon

Participation in Chugoku Regional Semiconductor Industry
Promotion Council
Following the Tohoku "Semiconductor and Electronics Design Study Group" of
the Tohoku Bureau of Economy, Trade and Industry, we will participate in the
Chugoku Regional Semiconductor Industry Promotion Council.

Participation in the
Chugoku Regional Semiconductor
Industry Promotion Council

URL:https://www.nisso.co.jp/news/chuugokukeizaisangyoukyoku_1/ (in Japanese only)【Engineering Field】

Participation in the
Tohoku Semiconductor andElectronics Design Study Group

Technical Center Naka-Nihon

Kumamoto Training Center

Conclusion of Partnership Agreement with Interstellar Technologies Inc.
With the vision of "creating a future where everyone can reach space", NISSO has
concluded a partnership agreement on the utilization of human resources with
Interstellar Technologies Inc., a rocket development venture company headquartered in
Taiki-cho, Hiroo-gun, Hokkaido. We will contribute to the space industry, which is
projected to exceed 100 trillion yen in 2040.

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

22

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

Administrative Human Resources Services

Administrative Net Sales(Quarterly)

1,000Administrative net sales in 3Q decreased by
11.0% YoY due to a decrease in the numberof enrolled administrative staff.

900

FY 3/22

FY 3/23

800
700

607

600

586

592

636

FY 3/22

900

626

700

566

562

1,000

800

611

600

500

600

628

663

598

627

２Q

３Q

FY 3/23
669

500

400

400

300

300

200

200

100

100

0

１Q

２Q

３Q

0

４Q

Other Human Resources Services
・At Nikon Nisso Prime Corporation, the Nisso
Group is in the process of developing amodel which allows older (senior)
employees to flourish.
・At Nisso Pure Co., Ltd., the Nisso Group is in
the process of developing a model whichallows employees with disabilities toflourish.

Number of Enrolled Administrative Staff
at Quarter-end

１Q

４Q(Unit: Million yen)

(Unit: # of Staff)

Number of Enrolled Senior Staff・
Employees w/ Disabilities

Other Net Sales(Quarterly)
1,800

FY 3/22

1,500
1,200

FY 3/23

700
600

1,298

1,179

# of employees withdisabilities# of senior employees

800

500

567

531

505

400

900

300

600

210

208

206

１Q

２Q

３Q

200
300

13

20

10

20

20

２Q

３Q

４Q

0

１Q

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

100

0

４Q

23

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

Points• The occupancy rate of nursing carefacilities overall has remained above 90%.
• Net sales increased by 1.4% YoY.

Net sales

FY 3/22 3Q

FY 3/23 3Q

Results

Results

2,240

2,271

（Unit: Million yen）

Year-on-Year
Increase(Decrease)% Change31

1.4％(Unit: # of residents)

Number of facility residents

# of
入居者数
residents

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

375

382

370

364

369

375

95.0%

92.0%

90.5%

91.8%

93.3%

93.3%

Sep'21-end

Dec'21-end

Mar'22-end

Jun'22-end

Sep'22-end

Dec'22-end

300
200
100
0

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

24Topics
Start of Consideration of Transition to a Holding Company StructureWith technological innovation and globalization, the needs of clients and workers are diversifying, and the business environment
surrounding the Nisso Group is changing rapidly, such as the progress of Society 5.0. In order to flexibly respond to such changes inthe business environment and achieve sustainable growth, we believe that it is necessary to restructure the Nisso Group structure withthe aim of further improving management efficiency, and have begun considering a transition to a holding company structure.
With regard to the timing of the transition to a holding company structure, NISSO's basic policy is to implement the transition within
the 2023 fiscal year, and we plan to examine the optimal method for the transition in the future.

Formulation of Nisso Group Tagline
The Nisso Group, led by NISSO CORPORATION, has formulated a new Nisso Group brand message for the next era beyond
the 50 years since our founding.
＜Nisso Group Tagline Message＞

Making hardworking people, happy.
It is a brand message that expresses the desire to continue to be a warm "place to belong" where
people can find their own value by "working", growing, and realizing their hopes and dreams. Throughour new brand message, we will develop into a corporate group that responds to social changes andprovide new value to our stakeholders.

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

https://www.nisso.co.jp/tagline/(in Japanese only)

25

4

Future Prospects (FY 3/2023）

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved

26

Revision of Full-year Consolidated Forecast
Revision of Consolidated Forecast■FY 3/2023 Full-year Consolidated Forecast (April 1, 2022 ～ March 31, 2023)(Unit: Million yen)

Based on recent business performancetrends, NISSO has revised the Full-year
Consolidated Forecast for FY 3/2023 (April 1,
2022 ~ March 31, 2023) which wasannounced on May 12, 2022.
For details, please refer to the "Notice ofRevisions of Full-year Consolidated Forecast
for the Fiscal Year Ending March 31, 2023"
announced on February 6, 2023.

Present Revised
Forecast

Previous Forecast
Forecast% of Total

Forecast% of Total

Change from
Previous Forecast
Increase(Decrease)% Change

Net sales

88,600100.0%

91,000

100%

2,400

2.7％

Operatingprofit

2,700

3.0%

2,200

2.4%

(500)

(18.5)

Ordinary
profit

2,700

3.0%

2,300

2.5%

(400)

(14.8)

Profitattributableto owners ofparent

1,800

2.0%

1,500

1.6%

(300)

(16.7)

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved27

5

Shareholder Return Policy

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved28

Shareholder Return Policy
Basic Policy
NISSO 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 tocontinue to steadily redistribute profits to allof our shareholders.

Dividend and Payout Ratio(Unit: Yen)
30.00

(Unit: %)Dividend (left axis)

Payout ratio (right axis)

100%

25.00 yen

90%

25.00

80%

20.10 yen
16.00 yen

FY 3/2023 Dividend Forecast
15.00

Although NISSO has revised the earnings
forecast, the dividends per share forecast(16.00 yen) remains unchanged.
This will result in a dividend payout ratio of
36.3%.

70%

18.00 yen

20.00

41.3%

42.7%
36.0%

36.3%

60%

50%
40%

10.00

30%
20%

5.00

10%
0.00

FY 3/2020

FY 3/2021

FY 3/2022

FY 3/2023(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 Reserved29

6

Supplementary Materials

Copyright ⓒ 2023 NISSO CORPORATION All Rights Reserved30Consolidated Balance Sheet(Unit: Million yen, %)Mar. 2022-end

Dec. 2022-end

AmountAmount% of Total% of Total

Increase(Decrease)

19,06869.4

21,042

72.3

1,974

Cash and deposits

8,779

32.0

8,819

30.3

39

Notes and accounts receivable - trade

9,390

34.2

11,073

38.1

1,682

8,394

30.6

8,057

27.7

(337)

Property, plant and equipment

4,578

16.7

4,577

15.7

(0)

Intangible assets

1,667

6.1

1,535

5.3

(131)

Investments and other assets

2,149

7.8

1,944

6.7

(205)

Total assets

27,462100.0

29,100

100.0

1,637

Current liabilities

Provision for bonuses

10,411
5,381
395
1,058

37.9
19.6
1.4
3.9

11,721
6,445
129
732

40.3
22.2
0.4
2.5

1,310
1,064
(265)
(326)

Non-current liabilities

3,492

12.7

3,236

11.1

(255)

Total liabilities

2,509
13,903

9.1
50.6

2,141
14,958

7.4
51.4

(367)
1,054

Shareholders' equity

13,54049.3

13,878

47.7

337

-

-

242

0.8

242

Total net assets

13,55949.4

14,141

48.6

582

Total liabilities and net assets

Copyrightⓒ 2023 NISSOCORPORATIONAll Rights Reserved
27,462100.0
29,100100.0
1,637

Current assets

Non-current assets

Accrued expenses
Income taxes payable

Long-term loans payableNon-controlling interests

Point①Increase due to expansion of thenumber of staff in operation
Due to the expansion of the number ofstaff in operation in the manufacturingrelated human resources services, etc.,"notes and accounts receivable (trade)" ofcurrent assets and "accrued expenses" ofcurrent liabilities increased.
②Business combination
Assets and liabilities increased due to theacquisition of Nikon Nisso Prime as a
subsidiary.
③Overall
As a result of the above, total assets
increased by 6.0%, total liabilities increasedby 7.6%, and total net assets increased by
4.3%, resulting in an equity ratio of 47.8%
compared to the end of the previous fiscal
year.

31

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

PR・IR Division, NISSO CORPORATION
TEL

045-777-7630

E-mailir@nisso-ir.com

URL

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