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NISSO HOLDINGS Co. , Ltd. ( TSE Prime Market Code : 9332 ) Financial Results Explanatory Materials for the First Quarter of FY March 2027 NISSO NISSO HOLDINGS August 2026
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved １ Financial Results Summary (FY March 2027 1Q) ２ Financial Results by Service (FY March 2027 1Q) ３ Industry Strategy ４ Human Resources Development of the Nisso Group ５ Diversity Promotion of the Nisso Group ６ Nisso Group Topics ７ Future Prospects (FY March 2027) ８ Shareholder Return Policy ９ Financial Condition (FY March 2027 1Q) CONTENTS 1
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved ● Consolidated net sales increased by 17.3% year-on-year due to an increase in the number of enrolled staff as a result of M&A contributions and a rise in billing unit-costs ● Consolidated operating profit increased by 64.7% year-on-year due to an improvement in the gross profit margin ● In addition to the situation in the Middle East, the Automotive Industry is currently in a phase of restructuring its electrification strategy, and with HEVs (hybrid electric vehicles) and BEVs (battery electric vehicles) coexisting in the market, demand for human resources has entered a wait-and-see phase. As a result, although the number of enrolled staff decreased year-on-year, net sales decreased slightly due to higher billing unit-costs and other factors ● The Semiconductor Industry continued to expand its human resources needs against the backdrop of growing demand for data centers and AI, and both the number of enrolled staff and net sales increased steadily ● In the Engineering Human Resources Services, the demand for human resources in the highly skilled area in the Semiconductor Industry has expanded, the number of enrolled staff and net sales have both increased, and the gross profit margin has improved FY March 2027 1Q Summary 2 Financial Results Summary: Summary
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved （単位：百万円） FY March 26 1Q FY March 27 1Q Year-on-Year Results % of Total Results % of Total Increase (Decrease) % Change Net sales 24,964 100.0% 29,282 100.0% 4,318 17.3% Gross profit 4,050 16.2% 4,923 16.8% 873 21.6% SG&A expenses 3,620 14.5% 4,216 14.4% 595 16.5% Operating profit 429 1.7% 707 2.4% 277 64.7% Ordinary profit 432 1.7% 711 2.4% 278 64.4% Profit attributable to owners of parent 224 0.9% 428 1.5% 204 91.0% 3 Year-on-year: Net sales up 17.3% Operating profit up 64.7% Ordinary profit up 64.4% Profit up 91.0% In our core Manufacturing・Production Human Resources Services business, the increase in the number of enrolled staff contributed to net sales growth In addition to increased net sales, the rise in billing unit-costs, etc., were also factors that boosted earnings Gross profit expanded, and profit growth outpaced the increase in SG&A expenses ※Profit attributable to owners of parent for the corresponding quarter of the previous fiscal year is based on the revised amount after the provisional accounting treatment was finalized. Financial Results Summary: FY March 2027 1Q Consolidated Financial Results Highlights
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved 4 429 △3,085 △360 △427 △283 707 +4,318 +114 Previous FY operating profit Net sales Cost-accounted labor expenses Other expenses SG&A personnel expenses SG&A recruitment expenses Other SG&A expenses Current FY operating profit 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 Consolidated Operating Profit Year-on-Year（Unit: Million yen） Revenue growth driven by M&A and strong Semiconductor Industry Increase in expenses due to M&A Increase in education and training expenses, etc. Increase in indirect personnel and officers due to M&A, etc. Increase due to M&A Expenses for TV commercials Amortization of goodwill, etc. Efficient utilization of employee recruitment expenses, etc. Increase in cost- accounted labor expenses due to M&A Financial Results Summary: FY March 2027 1Q Analysis of Changes in Consolidated Operating Profit (3,085) (360) (427) (283)
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved Net sales Operating profit 25,164 25,010 26,175 25,210 24,964 28,200 29,403 28,861 29,282 12,000 14,000 16,000 18,000 20,000 22,000 24,000 26,000 28,000 30,000 １Q ２Q ３Q ４Q １Q ２Q ３Q ４Q １Q ２Q ３Q ４Q 878 601 1,182 892 429 552 1,215 992 707 0 200 400 600 800 1,000 1,200 1,400 1Q ２Q ３Q ４Q １Q ２Q ３Q ４Q 1Q ２Q ３Q ４Q 【FY March 27】【FY March 26】【FY March 25】 【FY March 27】【FY March 25】 【FY March 26】 5 Financial Results Summary: FY March 2027 Quarterly Consolidated Financial Results （Unit: Million yen） （Unit: Million yen） Net sales increased by 17.3% YoY, driven by the strong performance in the Semiconductor Industry (semiconductor manufacturing industry) and operating profit increased by 64.7%
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved Man to Man Co., Ltd. Manufacturing dispatching・contracting, employment placement, etc. Man to Man Vietnam Co., Ltd. Recruitment, etc. Man to Man Assist. Corp. Production・logistics consignment, etc. Man to Man Animo Corp. Web system development・government contracting business, etc. TECHPORT CO., LTD. Manufacturing system development contracting, etc. Engineering Human Resources Services Manufacturing・ Production Human Resources Services NISSO CORPORATION Manufacturing dispatching・contracting, employment placement, etc. Manufacturing・ Production Human Resources Services Engineering Human Resources Services Vector Shinwa Co., Ltd. Manufacturing dispatching・contracting, etc. Nisso Brain Co., Ltd. Administrative dispatching, BPO, etc. Administrative Human Resources Services NIKON NISSO PRIME CORPORATION Human resources dispatching, recruitment, etc. Nisso Pure Co., Ltd. Light work contracting, sale of goods, etc. Nisso Nifty Co., Ltd. Facility nursing care, home-based nursing care, etc. All Japan Guard Co., Ltd. Facility security・traffic security services, etc. NISSO HOLDINGS Co., Ltd. Other Services Other Human Resources Services Other Human Resources Services Financial Results by Service: List of Group Companies Other affiliated companies TSUNAGU GROUP HOLDINGS Inc., Leaf NxT Inc., SUBARU nw Sight Co., Ltd. ※Man to Man Co., Ltd. absorbed Man to Man Holdings Co., Ltd. effective June 1, 2026, and NISSO CORPORATION absorbed EYE'S Co., Ltd. effective July 1 of the same year. 6
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved 22,453 Million yen 3,672 Million yen 497 Million yen 1,585 Million yen 1,073 Million yen General Human Resources Services Other Services (Nursing Care・Welfare・ Security, etc.) Financial Results by Service: Net Sales by Service ※Internal transactions have been eliminated Manufacturing ・Production Engineering Administrative Other Human Resources Services Other Other Services (Nursing Care・ Welfare・Security, etc.) Other Human Resources Services Other Services Administrative HR* Services HR*= Human Resources 2% 5% 4% Engineering HR* Services 13％ Manufacturing・Production Human Resources Services 77％ FY March 2027 1Q Consolidated net sales 29,282 Million yen （YoY：up 17.3%） 7
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved Points ※Internal transactions have been eliminated 3.7 3.8 3.7 3.7 3.5 3 4 5 1Q 2Q 3Q 4Q FY March 26 FY March 27 14,123 15,976 16,008 15,902 16,172 10,000 12,000 14,000 16,000 18,000 １Q ２Q ３Q ４Q FY March 26 FY March 27 Financial Results by Service: Manufacturing・Production Human Resources Services (Unit: Million yen) (Unit：%) (Unit: %) (Unit: # of Staff) (Unit: Thousand yen) Manufacturing・Production Net Sales (Quarterly) Manufacturing・Production Gross Profit Margin Manufacturing・Production Trend of Turnover Rate (Monthly Avg.) Number of Enrolled Manufacturing・ Production Staff at Quarter-end Manufacturing・Production Avg. Monthly Net Sales per Capita 19,004 22,073 22,954 22,342 22,453 10,000 13,000 16,000 19,000 22,000 25,000 １Q ２Q ３Q ４Q FY March 26 FY March 27 17.0 16.8 17.3 17.4 16.8 0.0 4.0 8.0 12.0 16.0 20.0 24.0 28.0 １Q ２Q ３Q ４Q FY March 26 FY March 27 449 454 462 463 466 300 350 400 450 500 １Q ２Q ３Q ４Q FY March 26 FY March 27 ・In 1Q, manufacturing・production net sales increased by 18.1% YoY, partly due to an increase in the number of enrolled manufacturing・production staff ・Net sales per capita also increased by 3.7% YoY 8
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved 3,061 3,192 3,354 3,449 3,672 1,600 2,000 2,400 2,800 3,200 3,600 4,000 4,400 １Q ２Q ３Q ４Q FY March 26 FY March 27 ※Internal transactions have been eliminated Points 16.4 16.9 17.7 17.9 19.3 10.0 14.0 18.0 22.0 26.0 １Q ２Q ３Q ４Q FY March 26 FY March 27 9 500 504 511 514 536 300 350 400 450 500 550 600 １Q ２Q ３Q ４Q FY March 26 FY March 27 2,048 2,136 2,147 2,248 2,323 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 １Q ２Q ３Q ４Q FY March 26 FY March 27 2.0 1.9 1.9 1.9 1.9 0 1 2 3 1Q 2Q 3Q 4Q FY March 26 FY March 27 Financial Results by Service: Engineering Human Resources Services (Unit: Million yen) (Unit：%) (Unit: %) (Unit: # of Engineers) (Unit: Thousand yen) Engineering Net Sales (Quarterly) Engineering Gross Profit Margin Engineering Trend of Turnover Rate (Monthly Avg.) Number of Enrolled Engineers at Quarter-end Engineering Avg. Monthly Net Sales per Capita ・In 1Q, the number of enrolled engineers increased, and net sales increased by 20.0% YoY as demand caught up with upfront investments made in anticipation of growing semiconductor demand ・Net sales per capita also increased by 7.2% YoY due to higher billing unit-costs, increased operating hours, etc. ・The gross profit margin improved by 2.9 percentage points YoY
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved Other Human Resources Services 532 517 508 495468 0 300 600 900 1,200 1,500 1,800 １Q ２Q ３Q ４Q FY March 26 FY March 27 Administrative Human Resources Services ※Internal transactions have been eliminated ※Internal transactions have been eliminated 10 1,429 1,472 1,467 1,4701,442 0 300 600 900 1,200 1,500 1,800 １Q ２Q ３Q ４Q FY March 26 FY March 27 Financial Results by Service: Administrative・Other Human Resources Services Administrative Net Sales (Quarterly) Number of Enrolled Administrative Staff at Quarter-end Other Net Sales (Quarterly) Number of Enrolled Other Human Resources at Quarter-end 548 523 528 506 497 0 300 600 900 1,200 1,500 1,800 2,100 １Q ２Q ３Q ４Q FY March 26 FY March 27 1,561 1,490 1,612 1,562 1,585 0 300 600 900 1,200 1,500 1,800 2,100 １Q ２Q ３Q ４Q FY March 26 FY March 27 In 1Q, administrative net sales decreased by 9.3% YoY, partly due to a decrease in the number of enrolled administrative staff In 1Q, net sales of Other Human Resources Services increased by 1.5% YoY, partly due to an increase in diversity human resources (Unit: Million yen) (Unit: # of Staff) (Unit: Million yen) (Unit: # of Staff)
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved Points 入居者数 入居率 11 ※Internal transactions have been eliminated Financial Results by Service: Other Services (Nursing Care・Welfare・Security, etc.) Other Services Net Sales (Quarterly) Other Services Gross Profit Margin (Unit: Million yen) (Unit: %) Number of nursing care facility residents (Unit: # of residents) [Bldg.1-6] (capacity:402) # of residents Occupancy rate 789 921 953 1,000 1,073 0 200 400 600 800 1,000 1,200 1,400 １Q ２Q ３Q ４Q FY March 26 FY March 27 12.6 16.3 18.6 19.9 24.1 0.0 4.0 8.0 12.0 16.0 20.0 24.0 28.0 １Q ２Q ３Q ４Q FY March 26 FY March 27 • Other services include nursing care・ welfare services, security services, and manufacturing system development contracting, etc • In 1Q, net sales of Other Services increased by 36.0% YoY partly due to contributions from M&A • The overall occupancy rate for nursing care facilities in the Nursing Care・ Welfare Services, which account for the largest net sales, remained at a high level of 93.0% • The gross profit margin improved by 11.5 percentage points YoY 386 381 380 380 378 374 374 96.0% 94.8% 94.5% 94.5% 94.0% 93.0% 93.0% 0 100 200 300 400 Dec'24-end Mar'25-end Jun'25-end Sep'25-end Dec'25-end Mar'26-end Jun'26-end
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved FY March 2027 1Q Net Sales by Industry （単位：百万円） 9,934 9,812 3,658 4,317 2,701 2,927 0 4,000 8,000 12,000 16,000 20,000 FY March 26 1Q FY March 27 1Q Automotive Semiconductor Electronics Status By Industry FY March 2026 1Q FY March 2027 1Q Year-on-Year Change Composition Ratio DifferenceResults (Million yen) Consolidated Net Sales Composition Ratios (%) Results (Million yen) Consolidated Net Sales Composition Ratios (%） Automotive Industry (Automobile manufacturing・ EV-related manufacturing industry) 9,934 39.8% 9,812 33.5％ (1.2％) (6.3 ppt) Semiconductor Industry (Semiconductor manufacturing industry) 3,658 14.7% 4,317 14.7％ 18.0％ 0 ppt Electronics Industry (Electronic equipment manufacturing industry) 2,701 10.8% 2,927 10.0％ 8.4％ (0.8 ppt) Total 16,293 65.3% 17,057 58.3％ 4.7％ (7.0 ppt) 12 Industry Strategy: Net Sales by Industry (Unit: Million yen) (ppt: percentage points) Net Sales by Industry (Year-on-Year) ・Automotive: 1.2% decrease, Semiconductor: 18.0% increase, Electronics: 8.4% increase ・Although total industry net sales increased by 4.7%, the composition ratio decreased due to the expansion of consolidated netsales
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved 13 Human Resources Development of the Nisso Group: Nationwide Network of Training Bases Tomakomai Training Center (Tomakomai City, Hokkaido)Nagano Prefectural Governor Accredited Vocational Training School Nisso Technical Center Naka-Nihon (Okaya City, Nagano) Shiga Prefectural Governor Accredited Vocational Training School Nisso EV Technical Center Kansai (Omihachiman City, Shiga) Opened in March, 2024 Opened in April, 2023 ※ Expansion in May, 2024 Nisso Technical Center Kumamoto (Ozu Town, Kumamoto) Kumamoto Prefectural Governor Accredited Vocational Training School 【Reference】 Consolidated entrustment of training at the facility Iwate Semiconductor-related Human Resources Development Facility "I-SPARK" Miyagi Prefectural Governor Accredited Vocational Training School Nisso Technical Center Higashi-Nihon (Kurihara City, Miyagi) Ota Training Center (Ota City, Gunma) Nisso Techno Center (Yokohama City, Kanagawa) Hamamatsu Training Center (Hamamatsu City, Shizuoka) Nisso Technical Center Aichi (Toyota City, Aichi) Opened in October, 2025 Aichi Prefectural Governor Accredited Vocational Training School Murasakino, Kitakami City, Iwate Prefecture (Within the Northern Industrial Complex)
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved Classification Training content FY March 2027 1Q (Direct) Engineer training Manufacturing equipment maintenance・ manufacturing equipment technology Mechanical design・production technology Special education for industrial robots, etc. 429 (Direct) Manufacturing・production training MONOZUKURI (manufacturing) education Foreman education Hazard simulation education, etc. 3,906 (Direct) Other training Regular compliance education Career support training Qualification (enhancement) training, etc. 647 Nursing care・welfare training Elder abuse prevention・physical restraint abolition training Accident prevention risk management training Infectious disease・food poisoning prevention training, etc. 607 Total 5,589 External employee training (Entrusted) Fundamentals of mechanical maintenance Fundamentals of manufacturing equipment Hazard simulation education, etc. 276 ● FY March 2027 1Q Educational achievements (total # of participants) Points ・Engineer training progressed as planned ・In response to changes in the knowledge and skills required at jobsites, training needs have shifted from equipment operation to equipment maintenance ・Although the number of participants in the NISSO HR Development Service (external employee training) decreased YoY, the number of client companies increased 14 Human Resources Development of the Nisso Group: Educational Achievements
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved FY March 2026-end FY March 2027 1Q-end Compared to Previous FY-end Diversity ratio 34.2% 34.2% ０ppt Number of diversity employees 7,582 7,708 ＋126 (Reference) Number of people and ratio by diversity category Results % of Total Results % of Total Previous FY-end Increase (Decrease) Number of female employees 5,518 24.9 5,645 25.1 +127 Number of senior employees 1,692 7.6 1,692 7.5 ０ Number of global employees 673 3.0 682 3.0 ＋９ Number of employees with disabilities 347 1.6 355 1.6 ＋８ ● Trends in Diversity (Diversification of Human Resources) Points • Against the backdrop of a declining workforce and aging population in Japan, we recognize that responding to the diversification of human resources is a key management issue • In order to be a company where diverse human resources can thrive, we are promoting activities aimed at improving our diversity ratio • We have set the implementation issue as "Promotion of DE&I," the indicator as the "diversity ratio," and the target as "40% by FY March 2031“ • Although the number of diversity employees increased, the diversity ratio remained at the same level as at the end of the previous FY Diversity Promotion of the Nisso Group 15 (ppt: percentage points) Diversity ratio: The total ratio of female employees, senior employees, global employees, and employees with disabilities to the total number of employees in the Nisso Group
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved Nisso Group Topics 16 ・Selected as a constituent of two ESG investment indices developed by FTSE Russell: the "FTSE JPX Blossom Japan Index" and the "FTSE JPX Blossom Japan Sector Relative Index" ・In FTSE Russell's 2026 ESG assessment, NISSO HOLDINGS' ESG score increased to 3.9 (up 0.4 year-on-year) ・In recognition of our ongoing efforts in ESG management and sustainability, particularly through the disclosure of diversity information, we received the highest rating of 5.0 in the "Social“ category ・In June 2026, Man to Man Holdings was integrated into Man to Man to streamline the Group's management structure ・In July 2026, EYE'S was integrated into NISSO CORPORATION to accelerate business operations and decision-making ・We are currently promoting the consolidation of management resources through organizational restructuring and the establishment of a business promotion structure to accelerate the growth strategies of each business Group Reorganization Selected as Constituent of ESG Indices Developed by FTSE Russell 説明動画より抜粋 ※From Financial Results Explanatory Materials for FY March 2026
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved FY March 26 Results FY March 27 Forecast Year-on-Year Results % of Total Forecast % of Total Increase (Decrease) % Change Net sales 111,430 100.0% 118,500 100.0% 7,069 6.3% Operating profit 3,190 2.9% 3,500 3.0% 309 9.7% Ordinary profit 3,200 2.9% 3,500 3.0% 299 9.4% Profit attributable to owners of parent 1,902 1.7% 2,100 1.8% 197 10.4% (Unit: Million yen) 17 ● FY March 2027 Full-year Consolidated Forecast (April 1, 2026 ～ March 31, 2027) Future Prospects: FY March 2027 Full-year Consolidated Forecasts
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved Basic Policy NISSO HOLDINGS considers the redistribution of profits to shareholders and the enhancement of corporate value as key management issues. In addition, by setting the consolidated dividend payout ratio of 30% or more as a general standard, NISSO HOLDINGS’ basic policy is to continue to steadily redistribute profits to all of our shareholders. Dividend and Payout Ratio (Unit: Yen) (Unit: %) Shareholder Return Policy 18 FY March 2027 Dividend Forecast NISSO HOLDINGS expects to pay a dividend of 25.00 yen per share (consolidated dividend payout ratio of 40.1%). 20.50 yen 22.00 yen 25.00 yen 25.00 yen 35.4% 37.3% 44.3% 40.1% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0.00 5.00 10.00 15.00 20.00 25.00 30.00 FY March 2024 FY March 2025 FY March 2026 FY March 2027 Dividend (left axis) Payout ratio (right axis) (Forecast)
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Copyright ⓒ 2026 NISSO HOLDINGS Co., Ltd. All Rights Reserved Mar. 2026-end Jun. 2026-end Increase (Decrease)Amount % of Total Amount % of Total Current assets 20,528 59.6 21,238 61.1 709 Cash and deposits 5,908 17.2 6,352 18.3 444 Notes and accounts receivable - trade 13,098 38.1 13,387 38.5 288 Non-current assets 13,890 40.4 13,522 38.9 (367) Property, plant and equipment 5,524 16.1 5,469 15.7 (55) Intangible assets 3,431 10.0 3,339 9.6 (91) Investments and other assets 4,933 14.3 4,713 13.6 (220) Total assets 34,418 100.0 34,760 100.0 341 Current liabilities 13,412 39.0 14,251 41.0 839 Accrued expenses 7,450 21.6 7,967 22.9 516 Income taxes payable 472 1.4 146 0.4 (326) Provision for bonuses 1,679 4.9 977 2.8 (701) Non-current liabilities 2,323 6.7 2,261 6.5 (61) Long-term loans payable 554 1.6 481 1.4 (72) Total liabilities 15,736 45.7 16,513 47.5 777 Shareholders' equity 17,983 52.3 17,570 50.5 (413) Non-controlling interests 306 0.9 295 0.8 (11) Total net assets 18,682 54.3 18,247 52.5 (435) Total liabilities and net assets 34,418 100.0 34,760 100.0 341 19 Points ① Tax payments "Income taxes payable" of current liabilities decreased due to the payment of income taxes and other taxes ② Bonus payments Due to the payment of summer bonuses in June, "provision for bonuses" of current liabilities decreased ③ Repayments "Long-term loans payable" of non-current liabilities decreased due to the scheduled repayment of borrowings ④ Overall As a result of the above, total assets increased by 1.0%, total liabilities increased by 4.9%, and total net assets decreased by 2.3% compared to the end of the previous fiscal year, resulting in an equity ratio of 51.6% (which was 53.4% at the end of the previous fiscal year) Financial Condition: Consolidated Balance Sheet (Unit: Million yen, %)
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〈For future IR-related inquiries〉 PR・IR Division, NISSO HOLDINGS Co., Ltd. TEL 045-777-7630 E-mail ir@nisso-ir.com URL https://www.nisso-hd.com Making hardworking people, happy. The forward-looking statements and performance forecasts contained in this document are forecasts determined by NISSO HOLDINGS 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 forward-looking statements described due to changes in various factors.