To Our Shareholders
44th Fiscal Year Interim Report
April 1, 2023 ~ September 30, 2023

Securities Code 9332

October 2, 2023
The Nisso Group, led by NISSO CORPORATION,has establisheda pure holding company, NISSO Holdings Co., Ltd.
We look forward to your continued patronage in the future.
WEB

President’s Message

In October 2023, NISSO HOLDINGS was established.
We aim "To transform into a corporate group withhigh-growth potential".
Ryuichi Shimizu

Representative Director, President & CEO

A solution business that responds to the changing times

Transitioning to a holding company structure
and taking a step toward growth

I would like to express my deepest gratitude to all of
our shareholders for your continued support.
In October 2023, the Nisso Group took a new step
forward by establishing "NISSO Holdings Co., Ltd."
Aiming "To transform into a corporate group withhigh-growth potential", we will promote our businessunder our company, the holding company, 5consolidated subsidiaries, including NISSOCORPORATION, and two equity-method affiliates.
In addition, we will contribute to the resolution ofsocial issues by realizing the Nisso Group’s mission of"Creating opportunities and hopes for people to work"through sustainable business growth while promoting
our own reforms and deepening dialogue with ourstakeholders.

The business environment surrounding the Nisso Group ischanging at an unprecedented rate, including digitaltechnology, human capital management, and decarbonization,and the demands and needs of society are also changingaccordingly. Further technological innovation is expected inJapanese industry, and operational reform at manufacturing
sites has become an urgent issue. On the other hand, in thelabor market, in addition to the decline in the working
population due to the declining birthrate and aging population,a structural shortage of human resources is deepening due to amismatch between the skills required by companies and theskills possessed by workers.
Under such circumstances, when we considered the futureof the Nisso Group, we came to the conclusion that we would
not be able to achieve sustainable growth unless westrengthened and revamped our organizational structure bymore actively bringing in companies that can cope with thechanging times.
With this transition to a holding company structure, we willbring together operating companies with new functions andfoundations into the Nisso Group and promote a solutions
business that responds to a variety needs. In addition tocreating more opportunities for workers to flourish, we will
provide a variety of human resources services through thedevelopment of human resources who can contribute tosolving corporate issues.
Please look forward to the future of the Nisso Group.

Mariko Mabuchi asks!
SpecialConversation

Representative Director & President

Ryuichi Shimizu
Economic Analyst

Mariko Mabuchi

Accelerating growth to "the next level" by becoming a holding company
Q1 What is the aim of becoming a holdingcompany?
5 years have passed since we werelisted on the First Section of the Tokyo
Stock Exchange in 2018, and we are
finally moving up a gear. As the industry
and labor market change, we must strive
to become a company that continues tobe trusted and expected by our clients,
their workers, and society. In order to do
this, by becoming a holding company
rather than a business company, we aremaking it easier to seek out partners
who can fill in the missing functions.

Q3 What is the aim of the core

In the past, it was thought that workingcompany, NISSO CORPORATION,
until retirement was the right way to
opening a training facility inwork, but now, we live in an era whereKumamoto?
we can rebuild our career over and overAt the "NissoTechnical Center Kumamoto", again, even at the same company.
which we opened in Kumamoto, we not only Moreover, when it comes to changing
provide basic classroom lectures, but students jobs, we have to rebuild our careers, andfor those of us who are in charge of theare also able use actual semiconductor
external labor market, it is becoming
manufacturing equipment before being
extremely important to have a training
assigned to their sites, which has earned us
extremely high levels of trust from our clients. structure to create such new careers

Q2 Do you intend to promote M&A
as well?
Since we are originally a humanresources company, fields such as theapplication of the human resources area
are subject to M&A.We would also like towork closely with companies that have theexpertise to efficiently recruit and develop
human resources and manage the job sites,
and we will continue to pursue not only
acquisitions but also capital and businessalliances.

Your new commercial features

Q4 Does it mean that it is important to Q5 actress Yuina Kuroshima…
develop human resources who canwork immediately?
In the recent market, there has
been a huge increase in thenumber of career and job changes.
Since there aren't many people
with careers in the market, I think
the companies that hire them arestarting to think about developing
and using them with determination.

This commercial conveys the message
that MONOZUKURI (manufacturing) iscreating the future of Japan and that wewant people from various countries toflourish in the Japanese manufacturingindustry, so we hope that people will
watch it with these points in mind.

TOPICSApril 2023

August 2023

October 2023

Opened Nisso Technical Center

Started participation in the"Hokkaido Semiconductor
Human Resources
Development Promotion
Council"Established NISSO HOLDINGS

Kumamoto

Exhibited at the 26th Manufacturing World Osaka(NISSO CORPORATION)

Started participation in the "Kyushu Semiconductor
Human Resources Development Consortium"

APR.

MAYJUN.

2023

Engineer seconded to Interstellar Technologies Inc., a rocket
development company (NISSO CORPORATION)

Co-sponsored the "JAPANMOBILITY SHOW 2023"(NISSO CORPORATION)J U L . 年 6月

June 2023

AUG.

SE P .

July 2023

Had first exhibit at Manufacturing
World Japan 2023

NOV.

OCT.

November 2023

October 2023

Jointly promoted thedevelopment・supplyof semiconductor
manufacturing humanresources with
Mitsubishi ResearchInstitute

Started participation
Latest commercials featuring Yuina in the "Kansai Storage
Kuroshima began airing on TV and Battery Human Resources
YouTube (NISSO CORPORATION)
Development Consortium"(NISSO CORPORATION)

Developed an e-learning system foremployee education (Startengineer)

Developed by condensing the on-site education expertise ofNISSO CORPORATION Realizing the developmentof human resources in a short period of time with on-line
educational materials

Toward the Growth of Engineering
Human Resources Services

Utilizing the experience of NISSO CORPORATION andthe human resources matching service "JOBMINEs™"
provided by Mitsubishi Research InstituteO n sa le f r o m D ec emb er 2023!

①Human resources
visualization②Human resources development

1
Learn in ashort periodof time!

2

3

Learn fromscratch!

Utilize it atwork!

３Features

・Data-based placement anddevelopment plan (human capitalmanagement)
・Education/training at in-housetraining facilities

Human Resources
Matching Service③Stable supply ofhuman resources

Semiconductor
manufacturing site

Consolidated Performance Highlights
Operating profit (Million yen)■2Q YTD
Full-year／ Operating profit margin (%) 2Q YTD Full-year

Net sales (Million yen)
■ 2Q YTD

Full-year

Profit attributable to owners of parent(Million yen) ／ROE（%）■ 2Q YTD

Full-year

3.6(Forecast）

100,000

2.7(Forecast)

13.0

2.5

11.5

2.0

90,8272.2

1.27 7 ,549

2,300

3,600(Forecast）(Forecast)）

1,696
43,16247,381
2,087

1,622

2,268

36,694347

510

FY 3/2022

FY 3/2023

FY 3/2022

FY 3/2024

625

587965824

FY 3/2023

FY 3/2024

WEB

FY 3/2022

FY 3/2023

FY 3/2024

https://www.nisso-hd.com/en/ir/finance/highlight.html

Sustainability of the Nisso GroupThe Nisso Group aims to enhance corporate value bybalancing sustainable business growth with initiatives to realize
sustainable society. We have newly established a "SustainabilitySite". In addition, we have published the "Nisso Group
Sustainability Report 2023", which contains information on theNisso Group's approach to sustainability and our activities.
(The English version will also be published in the future.)
WEBWEB

Sustainability web pagehttps://www.nisso-hd.com/en/sustainability/

Corporate Outline
Trade NameNI S S O H O L D I N G S C o . , Ltd.

Listed Exchange

Prime Market, Tokyo Stock Exchange(Securities Code 9332)

Date Established

October 2, 2023

Headquarters

1-4-1 Shin Yokohama, Kohoku-ku,
Yokohama, Kanagawa 222-0033

Number of Employees(Consolidated)

16.757(Avg. during FY)

Capital2,016 Million yen

Main Business Activities

Business management of group companies,etc. engaged in manufacturing dispatching・
manufacturing contracting, general officedispatching・BPO, facility nursing care・
home-based nursing care, etc., andincidental or related operations, etc.
Representative Director, President & CEO Ryuichi Shimizu
Senior Managing Director & COO Kenji Fujino
Managing Director ＆ CFO Naoki Hayakawa

Total number of authorized shares

102,400,000 shares

Total number of outstanding shares

34,024,720 shares

Shareholder Returns
Dividends （Forecast）
F Y 3/2024

20.50
Shareholder Benefits
NISSO Premium Benefits Club

Accumulate points andredeem them for over
5,000 different products
In addition to expressing our gratitude toour shareholders for their continued
support, we have established aShareholder Benefits Program with theaim of enhancing the attractiveness ofinvesting in our shares and increasing thenumber of shareholders who will holdour shares over the medium to longterm. We will continue the benefits
program even after the company namechange to NISSO HOLDINGS.

Shareholder memo
Shareholder
RegistryAdministrator

Mizuho Trust & Banking Co., Ltd.

Mailing Address

Mizuho Trust & Banking Co., Ltd.

1-3-3 Marunouchi, Chiyoda-ku, Tokyo, Japan

Stock Transfer Agency (Business Planning) Department 2-8-4Izumi, Suginami-ku, Tokyo 168-8507 Japan
TEL. 0120-288-324 (Toll-free, in Japanese only)(9:00～17:00 excluding Saturdays, Sundays and public holiday

yenNISSO HOLDINGS considers the redistribution of profits to shareholders and theenhancement of corporate value as key management issues. In addition, by setting theconsolidated dividend payout ratio of 30% or more as a general standard,
NISSO HOLDINGS' basic policy is to continue to steadily redistribute profits toall of our shareholders.

Director (External) Junichi Fukui
Director (Audit and Supervisory Committee Member)
Akira Ishida
Director (Audit and Supervisory Committee Member)
Miki Ohno
Director (Audit and Supervisory Committee Member)
Hideo Sakano
Director (Audit and Supervisory Committee Member)
Yukiteru Hamada

Telephone inquiries(As of October 2, 2023)

2,294 (294)The number of temporary employees (part -timers)
is the average number of such employees for therelevant consolidated cumulative period in parentheses ( ).

Manufacturing Staff
Dispatched Staff

Corporate Officers

Status of Shares(As of October 2, 2023)■

Presentation conditions require one to be listed as a shareholder
holding 300 shares or more in the register of shareholders at theend of March every year from 2022■

The special site is scheduled to open in May 2024. (in Japanese only).
https://www.nisso-hd.com/en/ir/stock-bond/benefits.html