First Six Months of FY 3/2023

Financial Results
Briefing Materials
Nurturing andBringing Out theBest in People

人を育て 人を活かす

NISSO CORPORATIONTSE Prime Market Code:6569

November 10, 2022

Summary
FY 3/2023 2Q Results●Revenue increased and profits decreased year-on-year●Demand for manufacturing-related human resources was steady, and the number ofenrolled staff increased●Engineer needs were strong, net sales increased YoY●Operations in the automobiles-related industry recovered moderately●Although demand for components related to PCs and communication equipment forelectronic devices declined, demand for semiconductors continued●Recruitment competition in labor markets escalated, recruitment activities were
strengthened

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1CONTENTS

1

First Six Months of FY 3/2023

Financial Results Summary

2First Six 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 ⓒ 2022 NISSO CORPORATION All Rights Reserved2１First Six Months of FY 3/2023 (2Q)

Financial Results Summary

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved3

FY 3/2023 2Q Consolidated Financial Results Highlights（Unit: Million yen）

PointsFY 3/2022 2Q• Revenue increased due to an increase in
the number of enrolled staff and anincrease in billing unit-costs.

Results• Gross margin declined due to continued
impact of reduced operations (number ofworking days, overtime hours, holiday
work, etc.) as a result of parts shortages
such as shortages of semiconductors in
the automobiles-related industry.
• Profits decreased due to continued
investment in recruitment, including
strengthening of promotions, increased
SG&A expenses, and a decline in grossmargin.
• Other Businesses (nursing care・welfare
services)increased
revenueanddecreased profits.

% of Total

FY 3/2023 2Q
Results% of Total

Year-on-Year
Increase(Decrease)% Change

36,694100.0%

43,162100.0%

6,468

17.6%

Gross profit

6,035

16.4%

6,587

15.3%

552

9.2%

SG&A
expenses

5,211

14.2%

6,077

14.1%

866

16.6%

Operatingprofit

824

2.2%

510

1.2%

(314)

(38.1%)

Ordinary
profit

908

2.5%

582

1.3%

(325)

(35.9%)

Profitattributableto owners ofparent

587

1.6%

347

0.8%

(240)

(40.9%)Net sales

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4

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

（Unit: Million yen）

Net sales

Operating profit

24,00022,661

1000

947

920

900

22,00020,572 20,501
20,282800

20,000700

18,64918,045
17,771
17,47018,000

582

680

600

525

16,557
16,414470

500

16,000

354

400
300

14,000

259

250

1Q

２Q

206

200
12,000100

010,000

１Q

２Q

３Q【FY 3/21】

４Q

１Q

２Q

３Q

４Q

【FY 3/22】

１Q

２Q【FY 3/23】

1Q

２Q

３Q

【FY 3/21】

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

４Q

１Q

２Q

３Q

【FY 3/22】

４Q【FY 3/23】

5

FY 3/2023 2Q Non-consolidated Financial Results Highlights
Net sales（Unit: Million yen）

Net sales increased by 14.4% due to anincrease in the number of enrolled staff
and an increase in billing unit-costs.

Results

Results% of Total% of Total

Year-on-Year
Increase(Decrease)% Change

100.0%

38,875100.0%

4,893

14.4%

Gross profit

5,780

17.0%

6,137

15.8%

356

6.2%

SG&A
expenses

4,917

14.5%

5,582

14.4%

664

13.5%

Operatingprofit

863

2.5%

554

1.4%

(308)

(35.7%)

Ordinary
profit

888

2.6%

627

1.6%

(260)

(29.3%)

Profit

571

1.7%

385

1.0%

(186)

(32.6%)Net sales• The impact of reduced operations(number of working days, overtime
hours, holiday work, etc.) due to parts
shortagessuchasshortagesofsemiconductors in the automobilesrelated industry, continued.

• Continued investment in recruitment,
including strengthening of promotions,increased SG&A expenses.

FY 3/2023 2Q

33,981

Expenses・Profits• Demandfor
manufacturing-related
human resources was strong, and grossmargindeclinedduetothestrengthening of recruitment benefits(incentives).

FY 3/2022 2Q

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6

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

（Unit: Million yen）

Operating profit

Net sales
19,91620,0001200

19,028 18,958
18,687958

1000
18,00016,357
16,036
16,00016,684903

17,296800

685

15,15315,002

566

555

600

482
14,000

380

400

263

291

204

12,000200

010,000

1Q

２Q

３Q【FY 3/21】

４Q

１Q

２Q

３Q

４Q

【FY 3/22】

１Q

２Q【FY 3/23】

1Q

２Q

３Q

４Q

【FY 3/21】

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

１Q

２Q

３Q

４Q

【FY 3/22】

1Q

２Q【FY 3/23】

7

2First Six Months of FY 3/2023 (2Q)

Overview of Activities

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8

FY 3/2023 2Q Financial Results Summary
Consolidated Financial Results

Net Sales
43,612 Million yen （6,468 Million yen／ 17.6％）
Operating Profit
510 Million yen （ -314 Million yen／-38.1％）
Non-consolidated Financial Results● Net Sales by Industry (YoY)
Automobiles… ＋15.9％

Electronic devices… ＋17.2％

・ In the automobiles-related industry, net sales increased by 15.9% YoY. Net sales increased due to anincrease in the number of enrolled staff and an increase in billing unit-costs, despite the continued
impact of reduced operations as a result of parts shortages such as shortages of semiconductors.
・ In the electronic devices-related industry, net sales increased by 17.2% YoY. Demand forsemiconductors continued despite a decline in demand for components related to PCs andcommunication equipment. Net sales increased due to an increase in the number of enrolled staff and
an increase in the billing unit-costs.

● 2Q-end Number of Enrolled Staff
15,730 staff

・ The number of enrolled staff increased by 785 compared to FY 3/22-end. The number of enrolled
staff increased mainly in the automobiles and electronic devices industries.

(+785 staff from FY 3/22-end)● Net Sales per Capita/Monthly
418 Thousand yen(+11 Thousand yen YoY)・ Net sales per capita increased due to the continued impact of reduced operations as a result of parts
shortages such as shortages of semiconductors in the automobiles-related industry, as well as anincrease in billing unit-costs.

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9

FY 3/2023 2Q Net Sales by Industry (NISSO, Non-consolidated)（Unit: Million yen）

Net Sales Composition Ratios
40,00030,000Other

Precision・Elec. Machinery

4,742（13.9％）

Elec. Devices

Automobiles

5,165

＋8.9％

（13.3％）＋7.9％（11.4％）

4,441

4,115

（12.1％）＋17.2％
20,000

10,486

12,285（31.6％）（30.8％）Net sales increased by 7.9% YoY. Net sales increased
partly due to a gradual increase in the number of enrolled
staff.

【Electronic Devices】
Net sales increased by 17.2% YoY. Despite a decline indemand for components related to PCs andcommunication equipment, the number of enrolled staff
increased due to continued demand for semiconductors,
and a continuous increase in billing unit-costs. As a result,net sales in 2Q reached a record high since NISSO's listing.

【Automobiles】

10,00014,652（43.1％）＋15.9％

16,981（43.7％）0FY 3/22 2Q※（【Precision・Electrical Machinery】

FY 3/23 2Q）= % of Total net sales, Red = % of Year-on-Year growth

Net sales increased by 15.9% YoY. Despite the continued
impact of reduced operations (number of working days,
overtime hours, holiday work, etc.) due to parts shortages
such as shortages of semiconductors, human resource
needs remained firm, and the number of enrolled staff
increased. Due to the continuous increase in billing unitcosts, net sales in 2Q reached a record high since NISSO'slisting.

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10

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

Automobiles

Elec. Devices

Precision・Elec. Machinery（Unit: Million yen）

Other

2,570

2,383

（15.7％）

2,113（13.9％）

4,680（30.9％）

5,974

2,287

（13.9％）

1973

2,047

2,249

1,895

（12.1％）（12.1％）

4,537

4774

（15.0％）

1,942

2,315

（13.4％）（14.3％）（12.3％）（12.6％）

4,413

5,119

（28.3％）（29.2％）（30.7％）

7,268

7,418

7,216

（14.0％）

2,067

2,152

（11.5％）（13.1％）（13.2％）（13.5％）

2,061

2,185

（11.3％）（10.8％）（11.5％）

5,763

5,980

（12.0％）

5,366

2,256

6,305

5,685

（30.3％）（31.5％）（31.7％）

8,278

8,687

8,243

8,738

（30.4％）（31.0％）（29.4％）

6,443（39.4％）（43.0％）

１Q

２Q

7,436

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

３Q

４Q

１Q

２Q

３Q

４Q

１Q

２Q

【FY 3/21】
※（

2190

2,426

（13.8％）

2,615

2,549

2,515

【FY 3/22】【FY 3/23】）= % of Total net sales

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved11Account Companies (NISSO, Non-consolidated)Account Company Groups Net Sales

Point①
Account Company Group net sales in 2Q
reached a record high since NISSO's listing.

（Unit: Million yen）
Net sales (left axis)
12,000

47.7

48.0

47.1

(Unit: %)Composition ratio (right axis)

47.6

47.2

50.0

46.8

46.7

46.1

Point②45.3
43.9

10,000・ Net sales increased due to an increase in thenumber of staff in the automobiles andsemiconductor-related industries and anincrease in billing unit-costs.
・ In the automobiles-related company group,
the impact of reduced operations (number ofworking days, overtime hours, holiday work,etc.) due to parts shortages such as shortagesof semiconductors continued.
・ The composition ratio decreased YoY partly due
to the decrease in demand for PCs and mobile
terminals in the electronic devices-relatedcompany group and the expansion of nonaccount business partners.

8,000

7,225 7,201

7,551 7,780

7,874 8,091

45.0

8,721 8,772 8,581 8,736
40.0

6,000

35.0

4,000

30.0

2,000

25.0

0

１Q

２Q

３Q

４Q

１Q

【FY 3/21】

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２Q

３Q【FY 3/22】

４Q

１Q

２Q

20.0

【FY 3/23】

12

Net Sales per Capita/Month（NISSO, Non-consolidated）● FY 3/2023 2Q YTD＜Overall net sales per capita＞

418 Thousand yen (+11 Thousand yen YoY)●Net sales per capita increased YoY partly due to the continued impact of reduced operations as a result of parts shortages such as
shortages of semiconductors, as well as an increase in billing unit-costs.
（Unit: Thousand yen）

（Unit: Thousand yen）

Net Sales per Capita/Month

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

500

500

406
400

418

373

421

418

３Q

４Q

390

400

409

406

１Q

２Q

423

421

３Q

４Q

411

424

358

300

300

200

200

FY 3/21 2Q FY 3/22 2Q FY 3/23 2Q

１Q

２Q【FY 3/21】
Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved【FY 3/22】

１Q

２Q【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+785 staff (+5.3%)

16,00015,73015,270

Point①

14,945
14,71515,000

Human resources needs continued to bestrong, and although recruitmentcompetition escalated, the number ofenrolled staff increased steadily, partly due tothe strengthening of promotions such as TVcommercials.

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

14,225
13,856

14,00013,146

13,243
12,692

13,00012,52412,00011,00010,000

１Q

２Q

３Q

４Q

【FY 3/21】

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved

１Q

２Q

３Q

【FY 3/22】

４Q

１Q

２Q

【FY 3/23】

14

Educational Achievements（NISSO, Non-consolidated）● FY 3/2023 2Q Main course-specific educational achievements

Point①(total # of participants)

The number of participants increased due tothe increase in the number of engineers andthe efficient use of training facilities.

Point②※Please refer to Topics for more details.

FY 3/22 2Q(Jul~Sep)

FY 3/23 2Q(Jul~Sep)

Year-on-Year
Increase(Decrease)

62

147

＋85

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

79

283

＋204

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

1,369

1,515

＋146

Total

1,510

1,945

＋435

Training course
nameBasic equipment
maintenanceeducation

In order to respond to the shortage ofhuman resources at semiconductor-relatedcompanies, NISSO announced plans to open
our 9th training facility nationwide in
Kumamoto Prefecture.

(Unit: # of participants)

Manufacturing
education

Contents

Basic equipment maintenanceeducation

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15

3

Financial Results by Segment(First Six Months of FY 3/2023 (2Q))

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16

Net Sales by Segment (Services)
FY 3/2023 2Q
General Human Resources Services Business
40,000FY 3/2023 2Q
Other Businesses(Unit: Million yen)

35,33335,00040,000(Unit: Million yen)

35,00030,00030,00025,00025,00020,00020,00015,00015,00010,00010,000

3,986

5,000

1,146

1,198

0

5,000

1,497
0

Manufacturing・Production

Engineering

Administrative

Other

Nursing Care・Welfare※Net sales figures are shown after the elimination of internal transactions
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17Manufacturing・Production Human Resources Services(Unit: # of Staff)(Unit: Million yen)

Net Sales

Manufacturing・Production
Net Sales

Manufacturing・production net sales in 2Q
increased by 12.5% YoY, partly due to asteady increase in the number of enrolled
staff.

Number of Enrolled Manufacturing・Production Staff at Quarter-end(Quarterly)
20,00016,000FY 3/2218,00017,987
17,411

17,346

FY 3/22

FY 3/23

17,565

14,11815,992
16,000

Number of Enrolled Staff

14,40014,00012,995FY 3/23

13,82013,926

３Q

４Q

13,324

15,442
12,000The number of enrolled manufacturing・
production staff increased by 1,076 YoY.
Needs for human resources in manufacturing
・production were strong, and the number ofenrolled staff steadily increased due to thestrengthening of promotions such as TVcommercials.

14,00010,00012,00010,000

8,000

１Q

２Q

３Q

４Q

１Q

２Q

※Net sales figures are shown after theelimination of internal transactions

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18

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

Net Sales per Capita/Month

Manufacturing・Production
Net Sales per Capita/Month

Manufacturing・production net sales per capita
increased by 2.7% YoY.

(Monthly Avg. Conversion)

600

500

402 407402 413

１Q

２Q

FY 3/22

FY 3/23

411

408

400
300
200
100
0

３Q

４Q

Turnover Rate
Although the manufacturing・production
turnover rate increased by 0.2 pts YoY, it
remained within 4%.

(Unit: %)Manufacturing・Production
Trend of Turnover Rate
5

4

FY 3/223.8

FY 3/23

4.0

3.7

3.8

3.9

3.9

1Q

2Q

3Q

4Q

3

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19

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

Engineering Net Sales

Engineering net sales in 2Q increased by
66.6% YoY.

(Quarterly)
2,500(Unit: # of Engineers)

Number of Enrolled Engineers
at Quarter-end
2,000

FY 3/22

FY 3/22

FY 3/23

FY 3/23

1,800

2,171
1,600
2,000

1,426

1,814
1,654
1,470

1,500

1,242

1,239
1105

1,200

1,303

982
1,000

Number of Enrolled Engineers

861

901

800

1,000

The number of enrolled engineers increasedby 525 YoY. The increase was due toincreased recruitment, promotion of careerchanges to engineers, efficient use of
educational facilities, etc.

1,400

600
400

500

200
0

0

１Q

２Q

３Q

４Q

１Q

２Q

３Q

４Q

※Net sales figures are shown after theelimination of internal transactions

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20

Engineering Human Resources Services(Unit: Thousand yen)

Net Sales per Capita/MonthEngineering Net Sales per Capita/MonthEngineering net sales per capita increased by
3.1% YoY.

(Monthly Avg. Conversion)

700

600

523

514

509

524

FY 3/22

FY 3/23
514

512

500
400
300
200
100
0

１Q

２Q

３Q

４Q
(Unit: %)Turnover Rate

Engineering Trend of Turnover Rate
The engineering turnover rate increased by
0.5 pts YoY. Due in part to an increase in thenumber of enrolled engineers, the year-onyear increase remained at a low level.

3

2.3

FY 3/222.2

FY 3/23

2
1

1.4

1.7

1.9

1.9

2Q

3Q

4Q

0

1Q
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21

Toward the Growth of Engineering (Semiconductor Field)
Human Resources Services
In the Medium-term Management Plan, NISSO envisions a image of our growth cycle that begins with ES, increases CS andSS, and actively cooperates with the government and local communities. We will continue to work steadily toward realizingthese goals.
Training Center Scheduled to Open in Kumamoto
In order to respond to the shortage of human resources at semiconductor-relatedcompanies, NISSO aims to increase the number of people who provide education
by utilizing the expertise of existing training facilities.
・ NISSO announced plans to open a training center for semiconductors in
Ozu Town, Kikuchi-gun, Kumamoto Prefecture.
・ NISSO plans to operate training facilities and training programs that further
enhance the expertise we have cultivated at our existing training facilities.

Participation in the Tohoku Semiconductor and Electronics
Design Study GroupNISSO will participate in the "Tohoku Semiconductor and Electronics Design
Study Group" of the Tohoku Bureau of Economy, Trade and Industry.
URL:https://www.tohoku.meti.go.jp/s_monozukuri/topics/220803.html (in Japanese only)

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22

Administrative・Other Human Resources Services
Administrative Net Sales

Administrative Human Resources Services(Quarterly)

1,000

900

Administrative net sales in 2Q decreased by
4.7% YoY due to the continued decline in thenumber of enrolled administrative staff.

FY 3/22

FY 3/23

800
700

607

600

584

589

635

Number of Enrolled Administrative Staff
at Quarter-end
1,000

FY 3/22

900
800

609

626

700

561

600

500

669

３Q

４Q

300

200

200

100

100

0

１Q

２Q

３Q

0

４Q

１Q

※Net sales figures are shown after the elimination of internal transactions※ Nikon Nisso Prime Corporation became a consolidated subsidiaryon July 1, 2022. Due to the change in equity interest, Nikon
Nisso Prime's net sales have been recorded from 2Q.

663

598

400

300

・ At Nikon Nisso Prime Corporation, the Nisso
Group is developing a model which will allow
older (senior) employees to flourish.
・ At Nisso Pure Co., Ltd., the Nisso Group isdeveloping a model which will allow
employees with disabilities to flourish.

628

500

400

Other Human Resources Services

600

FY 3/23

Number of Enrolled Senior Staff・
Employees w/ Disabilities

Other Net Sales(Quarterly)
1,800

Number of employees withdisabilities
Number of senior employees

800

FY 3/22

FY 3/23

1,500

700
600

1,179

1,200

２Q

531

505

500
400

900

300

600

210

208

１Q

２Q

200
300

13

19

8

19

19

２Q

３Q

４Q

0

１Q

100

0

３Q

４Q

※Net sales figures are shown after the elimination of internal transactions

Copyright ⓒ 2022 NISSO CORPORATION All Rights Reserved23

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

Points• The occupancy rate of nursing care facilities
overall recovered moderately from the endof the previous fiscal year.
• Net sales increased by 0.2% YoY, partly
due to a gradual recovery in the number ofresidents.

Net sales

FY 3/22 2Q

FY 3/23 2Q

Results

Results

1,494（Unit: Million yen）

Year-on-Year
Increase(Decrease)% Change

３

0.2%

1,497

(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

375

382

370

364

369

93.3%

95.0%

92.0%

90.5%

91.8%

93.3%

Jun'21-end

Sep'21-end

Dec'21-end

Mar'22-end

Jun'22-end

Sep'22-end

300
200
100
0

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24Topics
Consolidated Subsidiary Acquisition of Nikon Nisso Prime Corporation
NISSO acquired additional equity interest in Nikon Nisso Prime Corporation, an equity-method affiliate, and made it aconsolidated subsidiary on July 1, 2022.
In addition to enhancing the dispatching business, Nikon Nisso Prime is working to support the active participation of older
employees, and develop, secure, and build a structure for employment opportunities where such employees can continue towork. We will strengthen our expertise in human resources development and support for various career development
opportunities, and establish a structure to propose and promote diverse work-styles.

Development of New Businesses in the Medical DX Area for the Online Medical Care Era
NISSO and DOCTORS Co., Ltd. (Head Office: Minato-ku, Tokyo, Representative Director & CEO Takao Yanagawa, hereinafter,"DOCTORS") have determined that by leveraging their strengths and expertise to create new "Medical, Human, and Labor"
services that utilize digital health will contribute to the enhancement of corporate value of both companies, and we haveconcluded a basic agreement for a business alliance with DOCTORS, including capital participation.
We will continue to discuss the specific details of the business alliance in the future.
URL: https://doctors-inc.jp/ (in Japanese only)

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25

4

Future Prospects (FY 3/2023）

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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.

(Unit: Yen)
30.00

(Unit: %)Dividend (left axis)

Payout ratio (right axis)

100%

25.00 yen

90%

25.00

80%

20.10 yen70%

18.00 yen

20.00

16.00 yen

FY 3/2023 Dividend Forecast
15.00

NISSO forecasts a dividend of 16.00 yen per share(consolidated dividend payout ratio of 30.2%).

41.3%

42.7%

60%

50%

36.0%

30.2%

10.00

40%
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 ⓒ 2022 NISSO CORPORATION All Rights Reserved29

6

Supplementary Materials

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

Sep. 2022-end

AmountAmount% of Total% of Total

Increase(Decrease)

Point①Increase due to expansion of thenumber of staff in operation
Due to the expansion of the number of staff
in operation in the manufacturing-related
human resources services, etc., "notes andaccounts receivable (trade)" of current assets
and "accrued expenses" of current liabilities
increased.

19,06869.4

19,648

70.4

580

Cash and deposits

8,779

32.0

7,933

28.4

(846)

Notes and accounts receivable - trade

9,390

34.2

10,822

38.8

1,431

8,394

30.6

8,256

29.6

(138)

Property, plant and equipment

4,578

16.7

4,556

16.3

(22)

Intangible assets

1,667

6.1

1,583

5.7

(83)

Investments and other assets

2,149

7.8

2,117

7.6

(32)

Total assets

27,462100.0

27,904100.0

Current liabilities

10,411
5,381
395
1,058

37.9
19.6
1.4
3.9

11,009
5,848
434
1,367

39.5
21.0
1.6
4.9

Total liabilities

3,492
2,509
13,903

12.7
9.1
50.6

3,348
2,264
14,358

12.0
8.1
51.5

(143) ④Overall
As a result of the above, total assets(245)
increased by 1.6%, total liabilities increased
455

Shareholders' equity

13,54049.3

13,287

47.6

-

-

238

0.9

(252) 0.1%, resulting in an equity ratio of 47.7%
238 compared to the end of the previous fiscal

Total net assets

13,55949.4

13,546

48.5(13)

Total liabilities and net assetsⓒ 2022 NISSOCORPORATIONAll Rights Reserved
27,462Copyright
100.0
27,904100.0
442

Current assets

Non-current assets

Accrued expenses
Income taxes payable
Provision for bonuses
Non-current liabilities
Long-term loans payableNon-controlling interests②Business combination
Assets and liabilities increased due to the
442 acquisition of Nikon Nisso Prime as a
subsidiary.

598
467 ③Dividends
Shareholders' equity decreased due to38
dividend payments in June.
308

by 3.3%, and total net assets decreased by
year.

31

Consolidated Statements of Cash Flows(Unit: Million yen)

Cash flows from operating activities

FY 3/22
2Q YTDFY 3/23
2Q YTD

AmountAmount

1,191

(96)

Point
Increase(Decrease)(1,288)Cash flows from investing activities(1,302)

113

1,416

Cash flows from financing activities

(713)

(863)

(149)

Net increase (decrease) in cash andcash equivalents

(824)

(846)

(21)

5,873

8,773

2,899

5,048

7,927

2,878

Cash and cash equivalents at
beginning of period
Cash and cash equivalents at end of
periodCopyright ⓒ 2022 NISSO CORPORATION All Rights Reserved①Cash flows from operating activities
Expenditures for 2Q amounted to 96 million
yen, as proceeds of 582 million yen in profit
before income taxes, etc., failed to absorb
expenditures such as an increase in notes andaccounts receivable (trade) of 767 million yen.
②Cash flows from investing activities
Proceeds for 2Q amounted to 113 million
yen due to proceeds of 251 million yen forproceeds from purchase of shares ofsubsidiaries resulting in change in scope of
consolidation, etc.
③Cash flows from financing activities
Expenditures for 2Q amounted to 863
million yen due to expenditures of 611 million
yen for cash dividends paid, etc.

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/