First Quarterof FY 3/2022

Financial Results
Briefing Materials
Nurturing andBringing Out theBest in People

NISSO CORPORATIONTSE 1 Code: 6569

August 16, 2021

Summary
FY 3/2022 1Q Results● Increased revenue and profits year-on-year(※Increased revenue and profits vs. FY 3/2020)● Strong demand for automobiles and electronic devices● Some recovery not attained due to lack of semiconductors in
automobiles-related industry● Needs for engineers are strong
Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

1CONTENTS

1

FY 3/2022 1Q

Financial Results Summary2

FY 3/2022 1Q

Overview of Activities

3

Financial Results by Target Segment

4

Future Prospects (FY 3/2022）

5

Shareholder Return Policy

6

Supplementary Materials

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved2

１

FY 3/2022 1Q

Financial Results Summary

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved3

FY 3/2022 1Q Consolidated Financial Results Highlights（Unit: Million yen）

PointsFY 3/2021 1Q• Revenue and profits increased due to anincrease in enrollment and increases inoperations (number of working days,
overtime hours, holiday work, etc.).

• Net sales and ordinary profit in 1Q were
the highest since NISSO's listing.
• Revenue and profits also increased in
Other Businesses.

Results% of Total

FY 3/2022 1Q
Results% of Total

Year-on-Year
Increase(Decrease)% Change

16,557100.0%

18,045100.0%

1,487

9.0%

Gross profit

2,360

14.3%

3,038

16.8%

677

28.7%

SG&A
expenses

2,154

13.0%

2,568

14.2%

413

19.2%

Operatingprofit

206

1.2%

470

2.6%

263

127.9%

Ordinary
profit

238

1.4%

524

2.9%

285

119.4%

Profitattributableto owners ofparent

101

0.6%

345

1.9%

243

239.7%Net sales

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4

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

（Unit: Million yen）

Net sales
20,00018,814 18,920

Operating profit

19,2481400

18,045

17,983
17,4701,165
1200

17,771

947

1000

16,55716,414

920

767

800

650

15,000
600

525

477

470

400

206

200

0

10,000

１Q

２Q

３Q【FY 3/20】

４Q

1Q

2Q

3Q

【FY 3/21】

4Q

１Q【FY 3/22】

１Q

２Q

３Q

【FY 3/20】

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

４Q

1Q

2Q

3Q

【FY 3/21】

4Q

1Q【FY 3/22】

5

FY 3/2022 1Q Non-consolidated Financial Results Highlights（Unit: Million yen）

Net sales

FY 3/2021 1Q

FY 3/2022 1Q• Net sales increased by 10.1%, partly due
to the recovery in enrollment.

Results

Results% of Total% of Total

Year-on-Year
Increase(Decrease)% Change

15,153100.0%

16,684100.0%

1,531

10.1%

Gross profit

2,232

14.7%

2,900

17.4%

667

29.9%

Expenses・Profits

SG&A
expenses

2,028

13.4%

2,417

14.5%

389

19.2%

• Both operating profit and ordinary profit
were also the highest since NISSO'slisting.

Operatingprofit

204

1.4%

482

2.9%

278

135.7%• SG&A expenses increased due to therecovery of human resources needs.

Ordinary
profit

219

1.4%

496

3.0%

277

126.5%

96

0.6%

319

1.9%

222

229.7%Net sales• Net sales in 1Q were the highest since
NISSO's listing.

ProfitCopyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

6

FY 3/2022 1Q Quarterly Non-consolidated Financial Results（Unit: Million yen）

（Unit: Million yen）

Operating profit

Net sales
18,00017,3891400

17,478 17,775
16,684

16,566
16,036

16,357

16,00015,153

1,204
1200

958

1000

15,002

903

783
800

663

14,000

555

600

482

468
400
12,000204200

010,000

１Q

２Q

３Q【FY 3/20】

４Q

1Q

2Q

3Q

【FY 3/21】

4Q

1Q【FY 3/22】

１Q

２Q

３Q

【FY 3/20】

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

４Q

1Q

2Q

3Q

【FY 3/21】

4Q

1Q【FY 3/22】

7

2

FY 3/2022 1Q

Overview of Activities

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

8

FY 3/2022 1Q Financial Results Summary
Consolidated Financial Results

Net Sales
18,045 Million yen (+1,487 Million yen／+9.0% YoY)
Operating Profit
470 Million yen (+263 Million yen／+127.9% YoY)
● Net Sales by Industry (YoY)

Automobiles… ＋20.8％

Electronic devices… ＋9.4%● 1Q-end Number of Enrolled Staff
13,856 staff(+710 staff from FY 3/21-end)● Net Sales per Capita/Monthly
409 Thousand yen

・In the automobiles-related industry, net sales increased by 20.8% YoY. Although demand
was strong, some auto-body manufacturers, including suppliers, were affected by theshortage of semiconductors.
・In the electronic devices-related industry, net sales increased by 9.4% YoY. In addition tostrong demand for semiconductors, demand for electronic components also recovered.

・The number of enrolled staff increased by 710 compared to FY 3/21-end due to strong
client needs for the utilization of external human resources, and the recovery trend
continued.

・Operations (number of working days, overtime hours, holiday work, etc.) increased YoY,
and net sales per capita increased by 51 thousand yen YoY.

(+51 Thousand yen YoY)
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9

FY 3/2022 1Q Net Sales by Industry (NISSO, Non-consolidated)（Unit: Million yen）

Net Sales Composition Ratios
Other

Precision・Elec Machinery(2.9％)
2,383（15.7％）

2,113

Elec. Devices

Automobiles

Net sales decreased by 3.1% YoY, partly due to a decline
in office demand as a result of the establishment of
remote work. However, compared to FY 3/21 4Q, net
sales increased and the recovery trend continued.

2,315（13.9％）

2,047(3.1％)（12.3％）＋9.4％（30.7％）（13.9％）

4,680【Precision・Electrical Machinery】

5,119【Electronic Devices】
Net sales increased by 9.4% YoY. In addition to thesteady demand for semiconductors, IT demand was alsostrong. In addition, due to the recovery in demand forelectronic components, net sales in 1Q reached a record
high since NISSO's listing.

（30.9％）【Automobiles】
5,974（39.4％）

FY 3/21 1Q※（＋20.8％

7,216（43.2％）

FY 3/22 1Q

Net sales increased by 20.8% YoY. Demand for someauto-body manufacturers was strong. However, sincesome auto-body manufacturers were affected by theshortage of semiconductors, overall recovery has notbeen achieved.

）= % of Total net sales, Red = % of Year-on-Year growth

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10

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

Automobiles

2,631（15.9％）

2,371（14.3％）

4,057（24.5％）

Elec. Devices

2,680

Precision・Elec Machinery

2,774（15.4％）（15.9％）

2,317

2,190

（13.3％）（12.5％）

4,633

4,487

（26.6％）（25.7％）（Unit: Million yen）

Other

2,563

（14.4％）

2,182（12.3％）

4,650

2,383

（15.7％）（15.0％）

2,113

1,895

（13.9％）

7,757（45.3％）（44.6％）

１Q

2Q

8,026

（45.9％）【FY 3/20】
※（

4Q

1,973

2,047

1,942

（12.1％）（12.1％）（12.3％）

4,537

4,774

5,119

4,413

（28.3％）（29.2％）（30.7％）

7,268

7,418

7,216

（29.4％）

5,974

6,443

（45.3％）（45.4％）（43.2％）

2Q

3Q

4Q

1Q

（39.4％）

3Q（13.4％）（13.9％）

4,680

8,378

（47.1％）（14.3％）

2,315

2,190

（12.6％）（26.2％）（30.9％）

7,505

2,249

2,287

1Q

（43.0％）【FY 3/21】【FY 3/22】）= % of Total net sales

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11

Net Sales per Capita（NISSO, Non-consolidated）●FY 3/2022 1Q YTD＜Overall net sales per capita＞

409 Thousand yen (+51 Thousand yen YoY)

＜Skilled staff net sales per capita＞

464 Thousand yen (+45 Thousand yen YoY)

●Overall net sales per capita increased YoY. Net sales per capita in 1Q were the highest since NISSO's listing.

Although net sales per capita of skilled staff also increased YoY, since some manufacturers were affected by the shortage ofsemiconductors, they have not returned to pre-COVID-19 levels.
（Unit: Thousand yen）

（Unit: Thousand yen）

Net Sales per Capita

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

Skilled staff
500

400

419

Overall 464

485

500

409

358

400

300

300

200

200

100

100

0

391

482
397

396

490

485

478

419

403

358

451
390

421

483
418

Skilled staff
Overall

464
409

0

FY 3/21 1Q

FY 3/22 1Q

１Q

2Q

3Q

4Q

【FY 3/20】
Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

1Q

2Q

3Q

【FY 3/21】

4Q

1Q【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+710 staff (+5.4%)

Point①

15,000The number of new hires increased YoY.
In addition, turnover rates also improved dueto the curbing of enrolled staff leaving NISSO,
and the number of enrolled staff increased.

14,282

14,63914,638

14,77013,85613,146

13,24313,00012,524

12,692

2Q

3Q

11,000

Point②9,000

Human resources needs for the automobilesand electronic devices industries were strong.
Human resources needs also recovered in
the precision・electrical machinery industry
and other industries.

7,000

5,000

1Q

2Q

3Q

4Q

【FY 3/20】

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1Q【FY 3/21】

4Q

1Q【FY 3/22】

13

Number of Skilled Staff・Engineers (NISSO, Non-consolidated)
Number of Skilled Staff・Engineers

Point①
From this FY, skilled staff and engineers will
be shown separately.
The total number of skilled staff andengineers increased steadily (+420 fromthe end of the previous FY).

6,000

4,803

5,000

5,085

5,250

5,387

5,293 5,381（Unit: # of SS・Engineers）

5,436

5,856
Engineers
861

4,501

Point②
In addition to steady performance in thesemiconductor industry, their numbers
increased mainly in Account Companies
and in-vehicle product manufacturers.

4,000

3,000

Skilled staff
4,995
2,000

Point③
1,000

The ratio of skilled staff and engineers to
NISSO's total enrolled staff was 42.3% (FY
3/2021 4Q: 41.4%).

0

1Q

2Q

3Q

4Q

【FY 3/20】

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

1Q

2Q

3Q

【FY 3/21】

4Q

1Q【FY 3/22】

14

Account Companies (NISSO, Non-consolidated)
Point①

Account Company Groups Net Sales

・Net sales of Account Company Groups
increased 9.0% YoY.
・In particular, net sales of the automobilesrelated Account Company Group increased.

（Unit: Million yen）
12,000Composition ratio (right axis)

47.7

48.0

50.0

47.1

47.6

47.2

45.9
10,000

Point②(Unit: %)Net sales (left axis)

8,000

44.1
7,300

44.2

43.3

7,677 7,565

45.0

8,152
7,225 7,201

7,551

7,780 7,874
40.0

Due to the increase in overall net sales,
although the composition ratio decreased YoY,
net sales in 1Q were the highest since
NISSO's listing.

6,000

35.0
4,000

30.0

2,000

0

１Q

2Q

3Q

4Q

【FY 3/20】

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

1Q

2Q

3Q

【FY 3/21】

4Q

1Q

25.0

【FY 3/22】

15

Turnover Rates (NISSO, Non-consolidated)(Unit: %)FY 3/2022 1Q Results

Trend of Turnover Rates

Overall turnover rate

3.5％

6

(Improvement of 0.7 pts vs. FY 3/2021)

5.5

6

4.9

4.6

4.7

Skilled staff・Engineers turnover rate

5

(Improvement of 0.8 pts vs. FY 3/2021)

4

4

3

3

1.2％

1.7

2

Point
Decreases in turnover rates contributed to theincrease in enrollment.

4.2

2.0

5

1.5

2

1

0

0
FY 3/18

FY 3/19

FY 3/20

3.5

2.0

1

FY 3/17Overall (Fixed term staff・Skilled staff・Engineers)
Skilled staff・Engineers

FY 3/21

1.2

1Q

2Q

3Q

4Q

【FY 3/22】

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16

Educational Achievements（NISSO, Non-consolidated）● FY 3/2022 1Q Main course-specific educational achievements

Point①(total # of participants)

The number of participants increased as thenumber of skilled staff and engineers
increased.

(Unit: # of participants)

Training course name

Point②
・NISSO specializes in basic equipment
maintenance education that focuses on
quality.
・In the future, NISSO will engage in efficienttraining practices by simultaneously
conducting online and real training.

1Ｑ(Apr - Jun)

FY 3/21 1Q

Skilled staff education

448 Standard skilled staff education

259

Basic equipment
maintenance education

28

Basic equipment maintenance education

69

39

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

9

1,331

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

796

Engineer education

Point③Highly specialized education is provided in
the engineer education course.

Contents

Manufacturing
education

Total

1,846

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1,133

17

3 Financial Results by Target Segment(FY 3/2022 1Q)

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18

Net Sales・Operating Profit Ratio by Company
FY 3/2022 1Q
Net Sales by Company
20,000(Unit: Million yen)

16,68416,000

NISSO

Nisso Brain

Nisso Pure

Nisso Nifty

550(Unit: Million yen)

482

450

NISSO

Nisso Brain

Nisso Pure

Nisso Nifty

350

12,0008,000

FY 3/2022 1Q
Operating Profit by Company

250

92.0%

96.4%

150
4,000

617
0

18

50

3.4%

3.6%

742

92
0.5%

4.1%

- 50
▲

-0

-29

90% or more of net sales and operating profit are composed of
NISSO’s non-consolidated business results
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19

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

Existing Net Sales

Existing Net Sales

・Net sales excluding Other Businesses (nursing
care・welfare) and Engineering Business fromconsolidated net sales.
・Since existing areas have been classified into
1 of 3 business categories from this FY, thefigure for net sales in existing areas (existing
net sales) for FY 3/21 is provided for reference.

Number of Existing Enrolled Staff at
Quarter-end

80,00070,000(Reference※Consolidated)
14,00061,629(Reference)

13,621

13,22860,00050,00012,00040,000Existing Enrolled Staff

30,000・The number of existing enrolled staff is thenumber of enrolled manufacturing staff(excluding engineers) and administrative
dispatched staff.
・Similar to the above, the FY 3/21 figure isprovided for reference.

16,061

20,00010,00010,00008,000

FY 3/21FY 3/22 1Q

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

FY 3/21 4Q

FY 3/22 1Q

20Acquisition of Shares of Vector Shinwa Co., Ltd. (Subsidiary Acquisition)【Company Overview】

Toward the Expansion of Existing Areas
As a first step in our growth strategy to expand
existing areas, NISSO has decided to acquire all
shares of Vector Shinwa Co., Ltd. (subsidiaryacquisition). By combining our resources, wewill be able to strengthen our service supply
system and expand our business, meeting not
only the needs of both companies, but also awider range of client needs.

(1) Company name

Vector Shinwa Co., Ltd.

(2) Location

3-1 Ikehata, Chiryu City, Aichi(3) Representative

President & Representative Director Masao Kanemoto(4) Business description

General Human Resources Services Business(5) Capital

78.25 Million JPY(6) Date of establishment

June 24, 2004

About Vector Shinwa Co., Ltd.
・The main pillar of Vector Shinwa's businessis contracting operations in the manufacturingindustry, such as for semiconductors andprecision equipment.
・Their business includes a wide range of
operations such as designing, developing andmanufacturing jigs and various production
equipment, dispatching human resources, andrecruitment.

(7) Relationship between
listed company andcompany concerned

Capital ties

Not applicable.

Personal relations

Not applicable.

Business relations

Not applicable.

Applicable status
to related parties

Not applicable.

※For more information, please refer to "Notice of Acquisition of Shares of Vector Shinwa Co., Ltd. (Subsidiary Acquisition)" announced on August 10, 2021.
Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

21

Engineering Area (Financial Results)
Net sales(Unit: Million yen)

Engineer Net Sales
・Net sales in 1Q remained steady against
the target for this FY.
・Since the engineering area has beenclassified into 1 of 3 business categories
from this FY, the figure for net sales in theengineering area (engineer net sales) for
FY 3/21 is provided for reference.

(Unit: Thousand yen)

Engineer Net Sales per Capita

6,000

600

(Reference)
4,000(Reference)

515

523

FY 3/21FY 3/22 1Q

500

3,611
400

Net sales per capita

300

・The net sales per capita of engineers arehigh at 523 thousand yen/month, comparedto that of overall (409 thousand yen/month)and skilled staff (464 thousand yen/month).
・Similar to the above, the FY 3/21 figure isprovided for reference.

2,000

1,242

200

100

0

FY 3/21FY 3/22 1Q

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022

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

Number of Enrolled Engineers at
Quarter-end

Enrolled Engineers at Quarter-end
・From this FY, human resources who are engaged
in engineering work will be classified.
・As previously mentioned, since the engineering
area has been classified into 1 of 3 businesscategories from this FY, the figure for thenumber of enrolled engineers for FY 3/21 isprovided for reference.

1000

861
800

Composition Ratio of
Engineer Enrollment by Industry
Equipment
DesignProduction
Other
technology
technology
technology※Other: Development, mechanical design, analysis, etc.

4.6%

14.2%

(Reference)

4.4%

608
600

Engineer Industry Classification

400

76.8%
・Among engineer enrollment by industry, thelargest number of engineers are engaged inequipment technology, with the main focus onequipment maintenance operations.

2000

FY 3/21 4Q

FY 3/22 1Q

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FY 3/22 1Q

23Topics: Engineering Area
Recruitment ofexperienced personnel

Expansion of Recruitment Channels
・A recruitment site, "engineer works", specializing inengineers is scheduled to be launched (in August).

New graduate
recruitment

Clarification and Expansion of
Job Vacancies

Global Engineers

・Expansion to a total of 20 occupations, including
10 MONOZUKURI (manufacturing)-related and
10 IT-related occupations.

AI・IT Engineers
・Started the training of AI engineers in collaboration
with Cross Compass.
・Started contracted work for infrastructure designand construction by IT engineers.

（MONOZUKURI-related）
・Mechanical design・circuit design・
embedded control・CAE analysis
・CAD operation・production technology,
quality assurance
・Repair and maintenance・R&D
・Analysis, evaluation, testing・othertechnology-related（IT-related）
・PM, PMO・system engineers
・Programmers・servers, networks
・System operation maintenance・
testing, evaluation
・In-house SE, help desk・AI-related
・Web design・other IT-related

External Sales of Engineer Education
・Entrusted with education for business partner
employees, centered on maintenance education
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24Turnover Rates (Existing・Engineering Areas)(Unit: %)Trend of Turnover Rates

FY 3/2022 1Q Results

Existing (Fixed term staff・Skilled staff)
Engineers

Existing area (non-consolidated) turnover rate

3.7％

6

6

(Improvement of 0.6 pts vs. FY 3/2021 reference)
5

Engineering area (non-consolidated) turnover rate

1.4％

(Improvement of 1.3 pts vs. FY 3/2021 reference)

4.3

4

3

5

4

2.7

3

2

2

1

1

0

0

Points・The turnover rate of engineers is low at 1.4%.
・Since different areas have been classified into
3 business categories from this FY, the turnoverrates (for existing and engineering areas) for
FY 3/21 are provided for reference. (for above)【FY 3/21】(Reference※Non-consolidated)

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

3.7

1.4

1Q

2Q

3Q

4Q

【FY 3/22】

25

New Business Areas
HR Cross (Web-based Human Resources Dispatching Management System)
・Started the trial operation of a human resources dispatching management system (a system that can easily use complicated administrative
tasks such as ordering, contract management, evaluation of dispatched staff, attendance management, etc.) provided by CrossLink, apartnership company.。
・Orders from NISSO's business partners have been decided.

System feature①

System feature②

System feature③*DX conversion(Paper material-free)

Easy and reliable
evidence・evaluation

Responding to the Dispatch Law,
which is periodically revised

・Forms, attendance, and invoices can be createdand managed in a form tailored to eachdispatching company

・Evidence such as evaluations, etc. can berecorded online, and the dispatch company will beable to confirm data at any time・CSV data such as attendance data, etc., can beconverted from an external system for HR Cross
・Historical information retrieval and output are
possible・A unified evaluation format with industry
standards that enables on-site and general affairs
personnel to input data more smoothly※Different formats can be selected and can also
be used for independent evaluation

Revisions of the Dispatch Law and various lawsthat are revised every few years can beappropriately updated as a benefit/advantage ofcloud services*DX = Digital transformation

AI・IT Engineers
・Started the training of AI engineers in collaboration with Cross Compass.
・Started contracted work for infrastructure design and construction by IT engineers.
Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved26

Other Businesses Business Revenue
Points●Results of Other Businesses• Although the occupancy rate of nursing
care facilities Bldgs.1-5 decreased by 2.6
pts, the occupancy rate of Bldg. 6
increased by 2.1 pts.
• As a result of efficient management,
operating profit was 18 million yen.

（Unit: Million yen）

FY 3/21 1Q
Results% of Total

FY 3/22 1Q
Results

Year-on-Year% of Total

Increase(Decrease)

Net sales

720

100.0%

742

100.0%

22

3.1%

Expenses738

102.6%

723

97.5%

(14)

(2.0%)(18)(2.6％)

18

2.5%

36

－

Operatingprofit (loss)(Unit: # of residents)

Number of facility residents[Bldg.1-5] (capacity:308)
300
200

298
96.8%

% Change# of
入居者数
residents

Occupancy
入居率
rate[Bldg.6] (capacity:94)

298

292

96.8%

94.8% 95.5%

294

286
92.9%

80

90%

60
40

100

75
79.8%

84

89.4%

90
95.7%

87
92.6%

89

94.7%

90%

20

40%

0

Jun'20-end Sep'20-end Dec'20-end Mar'21-end Jun'21-end

40%

0

Jun'20-end Sep'20-end Dec'20-end Mar'21-end Jun'21-end

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved27Summary (Progress of Net Sales Target by Target Segment)(Unit: Million yen)
Full-year Target

Full-year Target

Full-year Target

Full-year Target

Full-year Target

76,00068,400

4,100

500

3,000

Progressrate

Progressrate

Progressrate

Progressrate

Progress
rate

23.7％

23.5％

18,045

16,061

Management Target Value

Existing Areas

30.3％

0％

24.7％

1,242

742

Engineering Area

Other Businesses

New Businesses(nursing care・welfare)

FY 3/22
Management Target Value(Consolidated)
Full-year
TargetNet sales

1Q
Results

76,000 18,045

FY 3/22
Existing Areas

Progress Full-year
rate
Target1Q
Results

23.7％ 68,400 16,061

FY 3/22
Engineering Area

Progress Full-year
rate
Target

23.5％

4,100

1Q
Results

1,242

FY 3/22
New Businesses

Progressrate

Full-year
Target30.3％

500

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

1Q
Results

FY 3/22
Other Businesses

Progress Full-year
rate
Target

0

0％

3,000

1Q
Results

742

Progress
rate

24.7％

28

4

Future Prospects (FY 3/2022）

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved29

FY 3/2022 Full-year Consolidated Forecasts
In the full-year consolidated forecast, NISSO expects increased revenue and profits. This forecast includes
investments for growth.
■FY 3/2022 Full-year Consolidated Forecast (April 1, 2021 ~ March 31, 2022)
FY 3/21 Results
Results

Net sales

FY 3/22 Forecast% of Total

Forecast(Unit: Million yen)

Year-on-Year% of Total

Increase(Decrease)% Change

68,213100.0％

76,000100.0％

7,786

11.4％

Operating profit

2,599

3.8％

3,000

3.9％

400

15.4％

Ordinary profit

2,949

4.3％

3,000

3.9％

50

1.7％

Profit attributableto owners ofparent

1,592

2.3％

2,000

2.6％

407

25.6％

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved30

5

Shareholder Return Policy

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved31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, by setting theconsolidated dividend payout ratio of 30% as a generalstandard, NISSO's basic policy is to continue to steadily
redistribute profits to all of our shareholders.

(Unit: Yen)
30.00

(Unit: %)Payout ratio (right axis)

100%

25.00 yen

90%

25.00

20.00

FY 3/2022 Dividend Forecast

Dividend (left axis)

80%

20.10 yen

18.50 yen

18.00 yen

70%
60%

NISSO forecasted the dividend per share (18.00 yen)announced in the "Consolidated Financial Results for FY
3/2021 [Japanese GAAP] Dividend Forecast" on May
12, 2021.
In the current FY, the dividend payout ratio is set at30.6%, in consideration of investments for growth in
the next FY and beyond.

41.3%

15.00

10.00

42.7%

50%

30.6%

30.0%

40%
30%
20%

5.00

10%
0.00

FY 3/19

FY 3/20

FY 3/21FY 3/22 (Forecast)

0%※NISSO's common stock was split at a ratio of 2 shares for 1 share on May 1,
2019, and the FY 3/2019 dividend payout shown above is the dividend payout
amount after the stock split.

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved32

6

Supplementary Materials

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved33

Consolidated Balance Sheet(Unit: Million yen, %)Mar. 2021-end
Amount% of Total

Jun. 2021-end
Amount% of Total

Increase(Decrease)

14,813

68.5

14,680

68.7

(133)

Cash and deposits

5,873

27.2

5,624

26.3

(249)

Notes and accounts receivable - trade

8,094

37.4

8,162

38.2

67

6,817

31.5

6,681

31.3

(136)

4,654

21.5

4,659

21.8

4

305

1.4

280

1.3

(25)

1,857

8.6

1,740

8.1

(116)

21,631

100

21,361

100(269)

Current liabilities

8,178

37.8

8,449

39.6

271

Accrued expenses

4,541

21.0

4,755

22.3

213

Income taxes payable

494

2.3

96

0.5

(398)

Provision for bonuses

950

4.4

530

2.5

(419)

Non-current liabilities

689

3.2

722

3.4

32

345

1.6

388

1.8

43

8,868

41.0

9,171

42.9

303

Shareholders' equity

12,74458.9

12,173

57.0

(570)

Total net assets

12,76359.0

12,189

57.1

(573)

Total liabilities and net assets

21,631

100

21,361

100(269)

Current assets

Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Total assets

Net defined benefit liability
Total liabilities

Copyright ⓒ 2021 NISSO CORPORATION All Rights Reserved

Point①Increase due to expansion of operations
Due to the expansion of operations of the
manufacturing-related human resources
services, "notes and accounts receivable(trade)" of current assets and "accrued
expenses" of current liabilities increased.
②Tax payments
Income taxes and other tax payments madeat the end of May reduced current liabilities
such as "income taxes payable".
③Bonus payments
Due to the payment of summer bonuses atthe end of June, "provision for bonuses" ofcurrent liabilities decreased.
④Dividends
Shareholders' equity decreased due todividend payments in June.
⑤Overall
As a result of the above, total assets
decreased by 1.2%, total liabilities increasedby 3.4%, net assets decreased by 4.5%, andequity ratio decreased by 1.9% to 57.1%.

34

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 the forwardlooking statements described due to changes in various factors.

For future IR-related inquiries

Investor Relations Office, NISSO CORPORATION
TEL

045-777-7630

E-mailir@nisso.co.jp

URL

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