The Financial Results Summary for FY 3/2019 and the Earnings Forecast for FY 3/2020 will be explained
within these materials.

・First, the Financial Results Summary for FY 3/2019 will be explained.

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・The following is the explanation of NISSO's Non-consolidated Financial Results.
・Net sales amounted to 63,474 million yen (up 10,289 million yen or 19.3% year on year).
In particular, in response to the strong demand from automobiles-related clients, NISSO's efforts toassign skilled staff, mainly to Account Companies, were highly evaluated by our clients, and high-unit
cost transactions were conducted.
・Gross profit amounted to 11,603 million yen (up 1,987 million yen or 20.7% year on year).
Although one of the reasons for the increase was the rise in unit costs, this was not simply because
NISSO was able to gather personnel to get the unit costs raised, but was due to the promotion ofefforts to get unit costs raised by assigning staff who were well-educated by NISSO, which was highlyregarded by our clients. Therefore, although educational expenses were incurred, as a result, the profit
margin increased by 0.2 pts.
・Operating profit amounted to 2,962 million yen (up 1,165 million yen or 64.9% year on year).
By increasing the retention of workers and reducing their turnover, recruitment costs for the hiring ofreplacement personnel were suppressed.
・Ordinary profit amounted to 2,943 million yen (up 1,184 million yen or 67.3% year on year).
・Profit amounted to 2,240 million yen (up 1,240 million yen or 124.0% year on year).
In FY 3/19, increases in amounts of salary paid, domestic capital investment, and increases ineducation and training expenses met the applicable tax reduction requirements of the Act on Special
Measures concerning Taxation, and were subject to special corporate tax deductions, and the sales ofinvestment securities contributed to profits.
・Before going public, NISSO was asked about why net sales and operating profit margins were lower
than other public companies, and replied that the company's structure was being re-established andthat results would be apparent thereafter. Although NISSO is still in the process of achieving ourultimate goals, it can be said that the results have begun to emerge, as reflected in the financial resultsfor FY 3/19.

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・Shown above are graphs of NISSO's (non-consolidated) quarterly net sales and operating profit trends
for FY 3/2019.
・Net sales and profits decreased slightly in 4Q as a result of the impact of the fewer number of working
days due to the New Year's holidays and the number of calendar days in February. However, staff
enrollment and orders received have been steady.

3

・The following is the explanation of Consolidated Financial Results for FY 3/2019.
・Net sales amounted to 69,161 million yen (up 9,953 million yen or 16.8% year on year).
・Gross profit amounted to 12,239 million yen (up 1,865 million yen or 18.0% year on year).
・Operating profit amounted to 2,869 million yen (up 1,068 million yen or 59.4% year on year).
・Ordinary profit amounted to 2,895 million yen (up 1,113 million yen or 62.5% year on year).
・Profit attributable to owners of parent amounted to 2,053 million yen (up 1,039 million yen or 102.4%year on year).

4

・Shown above are graphs of consolidated quarterly net sales and operating profit trends for FY 3/2019.

5

・The following is the explanation of Other Businesses.
・For FY 3/2019, net sales amounted to 2,485 million yen, and operating losses totaled 247 million yen.
・Although sales increased due to an increase in the number of residents at "Sweetpea Higashi Totsuka",
which was opened on March 1, 2018, upfront investment expenses could not be absorbed due to theshortfall in plans regarding the expected number of residents.
・Although operating loss was projected to be 267 million yen as of FY 3/2019 3Q, due to the increase in
the number of residents in 4Q, an improvement of 20 million yen was recorded.
・NISSO believes that the deficit can be eliminated by promoting the increase of residents in FY 3/2020.

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・The following is the explanation of NISSO's non-consolidated net sales by industry.
・The above is the year on year comparison of net sales by industry with the previous fiscal year
(FY 3/2018).
・Net sales are expanding in all industries. Among them, the automobiles industry is growing substantiallyas intended by NISSO's growth strategy, and increased by 32.3% year on year, and was at 39.6%(+3.9 pts) in terms of overall composition.
・NISSO is said to be strong in terms of the automobiles-related industries, actually conducting businesswith all of the finished vehicles (automobiles) manufacturers, and we are the only company in themanufacturing-related human resources service industry to do so.
In particular, NISSO's transactions with the largest domestic manufacturer sets us apart from ourcompetition.
・Net sales in the electronic devices industry increased by 19.1% year on year. The composition ratio was
the same from the previous fiscal year at 28.3%, and remained steady.

7

・The following is the explanation of the trend of NISSO's enrolled staff.
・The number of enrolled staff at the end of FY 3/2019 (end of March, 2019) was 14,042.
The number of staff increased by 1,598 (11.1%) from 12,444 at the end of the previous fiscal year.
・Enrollment increased significantly due to strong demand from the automobiles-related industries.
Although electronic devices-related industries were said to have slightly stagnated in the second half,
the number of NISSO's enrolled staff remained firm.
・As explained above, the number of enrolled staff has steadily increased.

8

・The following is the explanation of NISSO's net sales per capita.
・The monthly net sales per capita for FY 3/2019 amounted to 391 thousand yen.
This was an increase of 24,500 yen (6.7%) from the previous fiscal year.
・This was mainly due to the rise in unit costs focusing on skilled staff, etc.

9・The following is the explanation of NISSO's skilled staff.
・The number of skilled staff at FY 3/2019-end was 3,904 (approximately 1,600 at FY 3/2018-end).
・Although the number of skilled staff was at 3,904, compared with the target number of 4,000 by
FY 3/2019-end, since there was a large number of appointees in the month of April, resulting in
4,372 skilled staff at April-end, NISSO believes that we have achieved our planned targets.
・We will continue to focus on human resources development, and increase the number of skilled staff
during this fiscal year.

10・The following is the explanation of NISSO's turnover rates.
・The turnover rate for skilled staff for FY 3/19 was 1.5%.
・NISSO's overall turnover rate for FY 3/19 was 4.6%.
・In order to further increase profits and profit margins in the future, it is important to increaseenrollment, raise unit costs and lower these turnover rates.
Since declines in turnover rates will make it possible for NISSO to enhance the capabilities of workers
and suppress the recruitment of replacement personnel, we will continue to make efforts to reduceturnover rates, including increasing the number of skilled staff.

11・The following is the explanation of the status of NISSO's account companies.
・There are currently 4 Groups of Account Companies, which are NISSO important clients. As a result ofresponding to many of their requests, the net sales composition ratio for Account Companies within
NISSO's overall net sales for FY 3/2019 amounted to 43.3%, which was a 4.0 pts increase compared to39.3% in the previous fiscal year (FY 3/2018), and a 0.5 pts increase compared to FY 3/2019 3Q.
We will make efforts to further increase the composition ratio in the future.

12

・The following is the explanation of NISSO's educational achievements.
・The educational achievement for FY 3/2019 4Q amounted to 1,746 participants, with a total of 7,690
participants for the current fiscal year.
・Education is an important point for NISSO, and in order to respond to the desires of our clients, we havefocused on providing various types as education, as requested, and have maintained our training
facilities.
・2,522 participants took part this year in skilled staff education designed to develop skilled staff, and3,047 participants received manufacturing education which is important to raise retention rates andheighten motivation when staff enter the company.
・The semiconductor manufacturing equipment maintenance education course held at Nisso TechnicalCenter Naka-Nihon, which opened in May 2018, had a yearly total of 127 participants.
・NISSO is striving to conduct better business with our clients by capitalizing on such educationalachievements.

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・The following is the explanation for some examples of Account Company initiatives.
・The significant points about how NISSO will be able to create increased revenues and profits with themedium-term management plan under current perceptions of economic conditions are explained
therewith, and by receiving high evaluation from both our employees and clients, as well as raisingprofits, will enable NISSO's medium-term growth cycle to steadily and continuously come full circle.
・In situations where demand increases, naturally, the number of suppliers increases, but when demand
settles down, clients will evaluate the efforts of the suppliers and select them based on such evaluations.
Companies that are selected are then able to absorb the shares of those who are have been forced towithdraw.
It is very important from a strategic standpoint to determine whether or not increases in orders arebased on mere demand or due to our business model. At NISSO, in order to achieve increases inrevenues and profits, we have promoted our business model of properly educating staff prior to theirassignment as a structure that can respond to the rapidly changing economic environment.

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・The following is the explanation of future market trends of the main industries that NISSO's AccountCompanies belong to.
・Domestic demand for the automobiles-related industries is expected to remain mostly unchanged.
・In the electronic devices industry, although demand for smartphone-related components are
decelerating, 5G-related products are expected to grow.
Inventory adjustments have concluded, and although there is some movement currently, demand forthe industry is believed to grow from the second half onwards.
・NISSO believes that making every effort to take on such client trends will lead to our company's growth.
Although labor shortages are expected to continue in the future, NISSO will promote our business as
one that raises the quality of human resources and works as a client partner, rather than developing abusiness that just simply responds to labor shortages.
Since this structure has not yet been fully completed, NISSO will continue to steadfastly develop ithereafter.

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・The following is the explanation of the Earnings Forecast for FY 3/2020.

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・The following is the explanation of the Consolidated Earnings Forecast for FY 3/2020.
・Net sales of 80,000 million yen (up 10,839 million yen or 15.7% year on year) is expected.
・Operating profit of 3,900 million yen (up 1,031 million or 35.9% year on year) is expected.
・Ordinary profit of 4,000 million yen (up 1,105 million or 38.1% year on year) is expected.
・Profit attributable to owners of parent of 2,760 million yen (up 707 million or 34.4% year on year) isexpected.

17

・The following is the explanation of the consolidated earnings trends.
・Shown above are graphs of net sales and operating profit trends plus forecasted figures for FY 3/20.

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・The following is the explanation of Shareholder Returns.

19

・The following is the explanation of Shareholder Returns.
・Following the announcement of the Earnings Forecast on March 15, 2019, NISSO was able to raisebusiness performance, which enabled the increase in dividends to 18.50 yen.

20

・The following is the explanation of the dividends forecast for FY 3/2020.
・NISSO presumes the dividend payout ratio to be basically 30%.
・NISSO will respond to share buy-backs in a timely manner.

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・The status of the consolidated finances for FY 3/2019 is as explained in the above slide.

23

・The status of the consolidated cash flows for FY 3/2019 is as explained in the above slide.

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