0・Please find the summary above.

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・The following is the explanation of the Consolidated Financial Results for FY 3/2021 1Q.
・Net sales amounted to 16,557 million yen (down 1,425 million yen or -7.9% YoY)
・Gross profit amounted to 2,360 million yen (down 603 million yen or -20.3% YoY)
・SG&A (selling, general and administrative) expenses amounted to 2,154 million yen (down 331
million yen or -13.3% YoY)
・Operating profit amounted to 206 million yen (down 271 million yen or -56.8% YoY)
・Ordinary profit amounted to 238 million yen (down 251 million yen or -51.3% YoY)
・Profit attributable to owners of parent amounted to 101 million yen (down 255 million yen or-71.6% YoY)
・Net sales decreased by 7.9% and operating profit decreased by 56.8% YoY. The factors in the
General Human Resources Services Business were a reduction in the number of people inoperation, mainly in the automobiles-related industry, and a decrease in the hours of operation.
In Other Businesses, due to the spread of COVID-19 infections, it was difficult for new potential
residents to preview facilities, which led to the inability to promote new residents.

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・Shown above are graphs of quarterly consolidated net sales and operating profit trends.

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・The following is the explanation of NISSO’s Non-Consolidated Financial Results for FY 3/2021 1Q.
・Net sales amounted to 15,153 million yen (down 1,412 million yen or -8.5% YoY)
・Gross profit amounted to 2,232 million yen (down 561 million yen or -20.1% YoY)
・SG&A expenses amounted to 2,028 million yen (down 297 million yen or -12.8% YoY)
・Operating profit amounted to 204 million yen (down 263 million yen or -56.3% YoY)
・Ordinary profit amounted to 219 million yen (down 250 million yen or -53.3% YoY)
・Profit amounted to 96 million yen (down 245 million yen or -71.7% year on YoY)
・Regarding NISSO's non-consolidated financial results, although the impact was largely due to
production adjustments related to the automobiles-related industry, we placed importance on
securing employment, and supported work-sharing as much as possible. As a result, net sales per
capita decreased.

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・Shown above are graphs of NISSO's quarterly non-consolidated net sales and operating profit
trends.

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・Shown above is the Financial Results Summary for FY 3/2021 1Q.
・Details will be explained in the following pages.

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・The following is the explanation of NISSO's non-consolidated net sales by industry.
・In the automobiles industry, net sales decreased by 20.4% YoY due to a decrease in operations as
a result of the spread of COVID-19 infections.
・In the electronics devices industry, net sales remained strong and increased by 15.4% YoY due to
IT infrastructure investments, including active investments in the so-called 5G-related sector.
・In the precision・electrical machinery industry, net sales decreased by 10.9% YoY due to a decline
in demand for products such as multifunction machines (i.e., copier/printer/scanner/fax) as aresult of the spread of COVID-19 infections.

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・Shown above are the trends of NISSO’s quarterly net sales by industry.
・Although the automobiles industry led NISSO's business performance in FY 3/2020, due tosluggish sales of automobiles worldwide as a result of the effects of the spread of COVID-19
infections from around the end of FY 3/2020 4Q and the beginning of FY 3/2021 1Q, net sales in
the automobiles industry decreased in FY 3/2021 1Q.
・Net sales in the electronic devices industry have been firm since the previous fiscal year. In
FY 3/2021 1Q, although IT infrastructure investments were on the rise, demand for automotive
products was severe.

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・The following is the explanation of NISSO's net sales per capita.
・Compared to the previous fiscal year, although billing unit-costs increased by more than 100 yen
per hour, net sales per capita decreased due a decrease in the hours of operation.
・As an example, at a certain auto parts manufacturer, the average number of working days from
April to June in 1Q decreased by 3.2 days YoY, and overtime operations decreased by 70%, or 20
hours per month. In addition, many automobiles-related clients employ skilled staff with highunit-costs, which is a major factor in the decline in net sales per capita.
・Due to decreases of about 1.5 days per month in the number of working days company-wide andabout 9 hours per month in overtime, net sales per capita decreased by 33,000 yen YoY, and dueto the large number of employees in the automobiles-related industry, net sales per capita
decreased by 66,000 yen YoY for skilled staff.

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・The following is the explanation of NISSO's quarter-end enrollment on a quarterly basis.
・The number of enrolled staff at FY 3/2021 1Q-end was 13,243, a decrease of 1,527 staff fromthe end of the previous fiscal year. This decrease in enrollment was also one of the factors for thesignificant decrease in net sales compared to the corresponding period of the previous fiscal year.
・Due to a significant decrease in production at auto parts manufacturers, enrollment decreased
due to the lack of replenishment of employees who resigned as a result of contract maturity or
personal reasons. Although enrollment at auto body manufacturers has not decreased as muchas that of auto parts manufacturers, the hours of operation have decreased due to work-sharing
for production adjustments.

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・The following is the explanation of NISSO's skilled staff.
・Although there was a sense of slowdown in the recession phase, as a result of continued
promotion, the assignment of highly-skilled skilled staff, to mainly Account Companies, which are
the pillars of NISSO's growth strategy in our medium-term management plan, increased by 137
staff at FY 3/2021 1Q-end from FY 3/2020 4Q-end.
・In FY 3/2021 1Q, NISSO assigned skilled staff to workplaces for mainly equipment maintenancefor the electronic devices industry and the launch of new automobiles models.
・As a result, the share ratio of skilled staff at FY 3/2021 1Q-end increased from 35.5% to 40.7%
compared to FY 3/2020 4Q-end.

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・The following is the explanation of NISSO's Account Companies.
・Although NISSO's company-wide net sales decreased by 8.5% YoY, when limited to AccountCompanies, the decline was only about 1%.
・Among Account Companies, a large number of staff are employed at a major automobiles
manufacturer group, and although net sales decreased due to work-sharing, etc., overall AccountCompanies net sales decreased by about 1% YoY. As just described, NISSO and AccountCompanies have a stronger relationship than with our other clients.
・The net sales share ratio of Account Companies in FY 3/2021 1Q increased from 45.9% in FY
3/2020 4Q to 47.7%, which was due to a decrease in net sales at other clients.

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・The following is the explanation of NISSO's turnover rates.
・Although the reduction of turnover rates YoY was considered and promoted as one of our growthstrategies, the overall turnover rate for FY 3/2021 1Q was at 5.1%, which was an increase from
FY 3/2020. Looking at the turnover rate for each month, it was at 5.9% in April, 3.8% in May,and 5.0% in June, and has fluctuated greatly.
・NISSO's management policy is to protect the employment of those who are enrolled as much as
possible, in order to give workers a sense of security. However, in the current situation with the
spread of COVID-19 infections, it has been very difficult to move/transfer personnel acrossprefectures, since it is necessary to have a waiting period of about 2 weeks before assigning them
to clients from one prefecture to another. As a result, the number of resignees, as well as theturnover rate, have increased.
・Although the turnover rate for skilled staff in FY 3/2021 1Q was at 2.0%, on a monthly basis, it
was at 2.7% in April, 1.7% in May, and 1.5% in June, and the situation is gradually beginning tosettle down.
・There is a sense that the market has bottomed out at the end of June, mainly in the automobiles
industry. Since NISSO is gradually starting to receive orders from clients, as the choices for staff
increase, it will become possible to assign them to workplaces without having them crossprefectures, so we anticipate that turnover rates will decrease hereafter.

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・The following is the explanation of NISSO's educational achievements.
・Regarding basic maintenance education, demand for equipment maintenance by semiconductor
and electronic component manufacturers have been increasing strongly even during the current
COVID-19 pandemic. In order to respond to this situation, compared to the 39 participants in FY
3/2020 1Q, there were 69 participants in FY 3/2021 1Q, and NISSO is actively promoting thedevelopment of equipment maintenance personnel.
・In FY 3/2021 1Q, there were 137 new skilled staff, compared to approximately 600 in thecorresponding period of the previous fiscal year. Under normal circumstances, although thenumber of educational participants should have increased, due to the sluggish economy and thelonger training course periods in order to further enhance the skills of skilled staff, the number ofparticipants who attended skilled staff education has decreased.
・Regarding future developmental training, NISSO plans to further strengthen the training ofengineers in the production technology domain, in addition to equipment maintenance. As wediscuss with clients about the post-COVID-19 production sites, since NISSO expects that theneeds of human resources in areas close to production technology will increase in comparison
with regular equipment operators, we are in the process of developing a training curriculum forthese types of personnel, and will continue to increase the number of participants for this type of
education.

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・The following is the explanation of Other Businesses.
・Since there are elderly people and people with various types of illnesses in nursing care facilities,
due to the spread of COVID-19 infections, outsiders, including relatives, have not been allowed toenter the facilities for nearly 3 months. This has affected the promotion of residence in Building 6(Sweetpea Higashi Totsuka), and after the lifting of the state of emergency declaration in June,
the number of residents increased slightly through 1st floor-only visits and facility previews via
the web, resulting in 82 residents as of the end of July. Since Building 6 has a capacity of 94, we
will continue to increase the number of residents and strive to make our Other Businesses
profitable hereafter.

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・The following is the explanation of the Full-year Consolidated Forecasts.
・In the full-year consolidated forecast, operating profit nearly halved compared to the previous
fiscal year. In calculating the forecast, although it seems that the automobiles-related industry
bottomed out in June, it is expected to recover gently from July onwards. In addition to thedemand from current IT infrastructure investments in the electronic devices industry, althoughdemand for automobiles-related products is expected to recover, NISSO has calculated the yearend earnings forecast based on the expectation that this would be a smooth recovery similar tothat of the automobiles industry. In addition, in Other Businesses, the year-end earnings forecast
has been calculated with the expectation that Building 6 will stabilize within the current fiscal year.
However, the recovery trend of automobiles makers in July and August is moving ahead of
NISSO's expectations. In light of this situation, although the profit plan is conservative, the impactof the spread of COVID-19 infections in the future is uncertain, and at this time, these figures arebeing used as the earning forecasts for the end of the fiscal year.

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・The following is the explanation of "Work-styles with a Focus on the 'New Normal'".
・NISSO, especially recently, has been focused on utilizing the web, which we are utilizing in 2 pillars.
One is to actively conduct interviews to secure new human resources, or for education-related
activities similar to classroom lectures after interviews. The other is for actively conducting web
interviews with management executives at mainly Account Companies, since April.
・In these interviews with clients, there are 2 main things that have been identified after confirming
the needs and current situation of NISSO's clients.
The first is that since factories have a large number of working staff, we must take thoroughmeasures against COVID-19 infections. In addition to taking the temperatures of all workers
before they enter factories, we will also provide guidance on daily life, etc., to respond to therequests of our clients to prevent workers from becoming infected. In addition, we have declared
to our clients that as NISSO, we can do something socially beneficial in this era, and that we willcontinue to protect the employment of those who want to work. Furthermore, when the
production structure of the clients return, we will be recognized by our clients for returning theworkers to a workplace where they have as much experience as possible.
・Secondly, we have received various suggestions from our clients regarding how manufacturing
sites will actually change after the COVID-19 pandemic. Although NISSO has expected that newtechnological innovations, such as the so-called IoT, AI, and robots, will increase productivity andquality by entering manufacturing sites, in an environment where COVID-19 infections havespread, clients would like to further promote labor saving and automation in order to reduce therisks of such infections.

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・The following is the explanation of the capital and business alliance with Cross Compass.
・In light of the introduction of new technologies at manufacturing sites described previously,
NISSO has concluded a basic agreement with Cross Compass for a capital and business alliance,
and will proceed with discussions.
・Although NISSO provides human resources dispatching and contracting services, we believe thata new business model for solving problems at post-COVID-19 manufacturing sites are necessary.
By joining hands with Cross Compass, who has much strength in the development of AI in the
manufacturing sector, we aim to realize a new model through the fusion of people and AI, andhave reached a basic agreement with Cross Compass towards a capital and business alliance.

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・The following is the explanation of the Shareholder Return Policy.
・NISSO's basic philosophy is to continue to invest in growth for the next fiscal year onwards, evenduring the current COVID-19 pandemic. This investment is not only for investment in educationand training in order to increase the added value of our employees, but also for the proactive
investment towards a collaboration with companies that have the expertise that NISSO does nothave, such as in the previously mentioned case with Cross Compass.
・Based on these points, as a basic idea, since NISSO has set a dividend payout ratio of 30% as a
general standard for redistributing profits to our shareholders, we have forecasted the dividend
per share based on this dividend payout ratio of 30%.

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