presentation on financial results for the fiscal year …achievements of this fiscal year: midterm...

Copyright 2014 NSD CO., LTD.

May 13, 2014

V1.0.

Copyright 2014

目次

1

ページ

2014年3月期　通期決算について 4

2014年3月期　連結決算の概況 5

連結　業績の概要 7

連結　業績の実績と予想 8

連結　セグメント別　売上高と売上総利益 9

連結　セグメント別　業績の実績と予想 10

単独　業績の概要 11

単独　業績の実績と予想 12

単独　セグメント別　売上高と売上総利益 13

単独　セグメント別　業績の実績と予想 14

単独　エンドユーザー業種別売上高（ソフトウエア開発･コンピュータ室運営管理） 15

単独　金融業エンドユーザー業態別売上高（ソフトウエア開発･コンピュータ室運営管理） 16

単独　ソフトウエア開発受注動向 17

単独　製造費用とセグメント別外注費比率 18

単独　販売管理費 19

設備投資額・減価償却費・研究開発費・従業員データ 20

会社概要 21

中期経営計画について 22

中期経営計画(2013/3～2015/3)　数値目標 23

2014年3月期トピックス　中期経営計画の重点施策への取り組み 24

株主への利益還元策 25

※ この資料において、表示単位未満の数値は全て切り捨てて処理しております。また、パーセントで表示してある数値は全て四捨五入しております。

Copyright 2014

Index

2

page

Annual Financial Results FY March 31, 2014 4

Summary of Consolidated Financial Results of FY March 2014 6

Operating Results : Consolidated 7

Operating Results and Estimates : Consolidated 8

Net Sales and Gross Profit by Division : Consolidated 9

Operating Results and Estimates by Division : Consolidated 10

Operating Results : Non-Consolidated 11

Operating Results and Estimates : Non-Consolidated 12

Net Sales and Gross Profit by Division : Non-Consolidated 13

Operating Results and Estimates by Division : Non-Consolidated 14

Net Sales by End-User Industry (Software Development and Facilities Management) : Non-Consolidated 15

Sales Breakdown by Finance End-User Category (Software Development and Facilities Management) : Non-Consolidated 16

Software Development: Order, Net Sales and Order Backlog Trend : Non-Consolidated 17

Manufacturing Costs and Subcontracting Costs Breakdown : Non-Consolidated 18

SG & A Expenses : Non-Consolidated 19

Capital Expenditure, Depreciation and Amortization, R&D Costs and Number of Employees 20

Corporate Profile 21

Achievements of this fiscal year: Midterm Management Plan 2013.3 - 2015.3 22

Indices Target : Midterm Management Plan 2013.3 - 2015.3 23

FY March 2014 Topics: Our approach to the Midterm Management Plan 2013.3 - 2015.3 24

Our policy on returns to shareholders 25

Notes: In this report fractions in yen are rounded off. Percent is rounded to its closest value.

Memo

3

Copyright 2014 5

2014年３月期連結決算の概況

＜表① 2014/3 連結決算、2015/3予想の概要＞

＜表② 2014/3セグメント別売上高および2015/3予想＞

当連結会計年度における我が国経済は、欧米の財政問題や新興国経済の成長鈍化などの懸念要因はあったものの、政府・日銀による経済対策や金融政策などの効果、円高修正や株高の進展などにより、企業業績の改善と景気回復の動きが顕著となりました。

情報サービス産業におきましては、景気回復に伴い企業のIT投資が増加するなど、環境は引き続き順調に推移いたしました。

このような状況のもと、当社グループは３ヶ年の中期経営計画２年目の計画達成に向けて、積極的に事業活動を推進してまいりました。（中期経営計画の進捗などの詳細はP22-25）

売上高につきましては、主力の情報サービス事業が順調に推移した結果、前年同期比増収となりました。

一方、利益につきましては、国内外の新設関係会社やM&Aで取得した米国関係会社などの業績

が計画よりも下回ったものの、増収による利益の増加および稼働率・採算性の向上などにより、営業利益、経常利益につきましては、前年同期比増益となり、当期純利益につきましては、不動産売却による税効果も寄与し大幅な増益となりました。

当連結会計年度の当社グループの連結業績は、表①のとおりとなりました。

事業のセグメント別の概況は、表②のとおりとなりました。

システムソリューションサービス事業：情報サービス事業（ソフトウエア開発事業とコンピュータ室運営管理）につきましては、企業のIT

投資が堅調に推移したことにより、売上高は37,188百万円（前年同期比10.9％増）となりました。ソフトウエアプロダクト事業につきましては、売上高は1,464百万円（前年同期比14.4％増）となりました。

人材派遣事業：人材派遣事業につきましては、売上高は1,253百万円（前年同期比9.6％減）となりました。

不動産賃貸事業：不動産賃貸事業につきましては、売上高は379百万円（前年同期比10.2％減）となりました。

≪次期の見通し≫2015年3月期の国内景気は、前年度に引き続き、企業業績の改善、景気の回復が期待できる状

況にあり、引き続き順調に推移すると思われます。情報サービス産業におきましても、国内景気の回復に伴って、企業のIT投資が増加し、環境は改

善していくものと思われます。

このような中、当社は増加が期待される情報サービス事業に加え、自社開発の商品・サービスの拡販、海外事業の積極展開などにより、増収増益を達成し、企業価値の向上を図ってまいります。

百万円

(利益率) 2015/3

実績前期比予想

40,285 10.0% 45,000

12.0% 12.0%

4,848 8.1% 5,400

12.6% 12.2%

5,076 12.0% 5,500

7.9% 7.1%

3,165 29.0% 3,200

売上高

営業利益

経常利益

当期純利益

百万円

(構成比) (構成比の変化) 2015/3売上高実績前期比予想

95.9% 0.8% 98.0%

38,652 11.0% 44,100

92.3% 0.7% 93.1%

37,188 10.9% 41,900

3.6% 0.1% 4.9%

1,464 14.4% 2,200

3.1% △0.7% 1.3%

1,253 △9.6% 600

1.0% △0.1% 0.7%

379 △10.2% 300不動産賃貸

情報サービス

ソフトウエア

プロダクト

人材派遣

システムソリューション

サービス

Copyright 2014 6

Summary of Consolidated Financial Results of FY March 2014

Table-1

Table-2

In the Japanese economic environment for the fiscal year ended march 2014, we have been

able to see the improvement of corporate performance and the sign of economic upturn,

thanks to the positive effects of Bank of Japan and Japanese government’s economic and

monetary policies, easing of the yen’s appreciation, and the strong stock price. This was

despite risk factors arising from the financial issues in the U.S. and Europe and slower

economic growth in emerging economies. In the information service industry, the business

environment has been on a track to recovery, due to the increase in IT investment by

corporations in accordance with the economic upturn. Given such circumstances, NSD group

had been successfully pushing forward our business toward the achievement of the 2nd year

plan of the three-year midterm management plan. (See at page 22-25 for detailed information)

Net Sales increased year-on-year because of the good performance in our main business

area, Information Services Division. Operating and Ordinary Income increased year-on-year

because of the profit from the increased income, improved efficiency rate of system engineers

and improved profitability in each project which offset the negative effects coming from falling

below expectation of the result of group companies which were newly established in Japan

and overseas, and acquired in the U.S. Net Income increased significantly year-on- year due

to positive tax effects from sales of real estates. (Refer to Table-1 right.)

Net Sales by Division are shown in Table -2 (Refer to Table-2 right.).

[System Solution Services Division]

In the Information Services segment, Net Sales increased by 10.9% year-on-year thanks

to the steady increase in IT investment of our corporate customer. In the Software services

segment, Net Sales increased by 14.4% year-on-year.

[Staffing Services Division]

Net Sales decreased by 9.6% year-on-year.

[Real Estate Services Division]

Net Sales decreased by 10.2% year-on-year.

≪The Outlook of the Next Fiscal Year≫We expect Japanese economy will progress steadily following the last fiscal year. Corporate

performance will also keep improving. Furthermore, in the information service industry, the

business environment is expected to improve thanks to the increase in IT investment in

accordance with the economic recovery.

We will improve corporate value by realizing growth in both sales and income through

increase in sales of in-house products/services and aggressive expansion of overseas

business, as well as the continuous growth in the Information Service segment.

millions of yen

(Margin) 2015/3

Results forecast

40,285 10.0% 45,000

12.0% 12.0%

4,848 8.1% 5,400

12.6% 12.2%

5,076 12.0% 5,500

7.9% 7.1%

3,165 29.0% 3,200

YoY (%)

Net Sales

Operating Income

Ordinary Income

Net Income

millions of yen

(% of total) 2015/3Sales Results forecast

95.9% 0.8% 98.0%

38,652 11.0% 44,100

92.3% 0.7% 93.1%

37,188 10.9% 41,900

3.6% 0.1% 4.9%

1,464 14.4% 2,200

3.1% △0.7% 1.3%

1,253 △9.6% 600

1.0% △0.1% 0.7%

379 △10.2% 300Real Estate Services

System Solution

Services

Information

Services

Software Products

Staffing Services

YoY (%)

of total

of Net Sales

Copyright 2014

連結業績の概要Operating Results : Consolidated

7

※1 左上の比率は対売上比 The rates on the upper-left corners are percentages of net sales.

※2 2014年4月14日発表の修正予想値 Revised estimates ware announced on April 14, 2014

百万円 millions of yen

ResultsIncrease or

DecreaseYoY (%, times) Estimates Difference

% of sales % of sales % of sales % of sales

34,412 36,632 40,285 3,653 10.0% 40,290 △4

82.2% 79.4% 78.6% ―

28,286 29,068 31,655 2,587 8.9% N/A N/A

17.8% 20.6% 21.4% ―

6,125 7,564 8,630 1,066 14.1% N/A N/A

8.0% 8.4% 9.4% ―

2,739 3,080 3,781 701 22.8% N/A N/A

9.8% 12.2% 12.0% 12.0%

3,386 4,483 4,848 365 8.1% 4,840 8

10.7% 12.4% 12.6% 12.6%

3,668 4,530 5,076 545 12.0% 5,070 6

0.3% 0.4% 0.4% ―

102 134 144 10 7.5% N/A N/A

1.0% 2.0% 1.4% ―

351 731 555 △175 △24.0% N/A N/A

9.9% 10.7% 11.6% ―

3,419 3,933 4,665 731 18.6% N/A N/A

5.4% 6.7% 7.9% 7.8%

1,867 2,454 3,165 711 29.0% 3,140 25

売上総利益Gross Profit

売上原価Cost of Sales

売上高Net Sales

営業利益Operating Income

経常利益Ordinary Income

当期純利益Net Income

販売費及び一般管理費SG & A Expenses

特別利益Extraordinary Gains

特別損失Extraordinary Losses

税引前当期純利益Income before Income Taxes

(Revised)修正予想 2014/3E ※2

2013/3

2014/3

2012/3

Copyright 2014

連結業績の実績と予想Operating Results and Estimates : Consolidated

8



EstimatesIncrease or

DecreaseYoY (%) Estimates

Increase or


Increase or

DecreaseYoY (%)

% of sales % of sales % of sales % of sales % of sales % of sales

19,594 21,000 1,405 7.2% 20,691 24,000 3,308 16.0% 40,285 45,000 4,714 11.7%

21.1% 21.4% 21.7% 21.7% 21.4% 21.6%

4,134 4,500 365 8.9% 4,496 5,200 703 15.7% 8,630 9,700 1,069 12.4%

9.6% 10.5% 9.1% 8.8% 9.4% 9.6%

1,890 2,200 309 16.4% 1,890 2,100 209 11.1% 3,781 4,300 518 13.7%

11.5% 11.0% 12.6% 12.9% 12.0% 12.0%

2,243 2,300 56 2.5% 2,605 3,100 494 19.0% 4,848 5,400 551 11.4%

11.9% 11.2% 13.2% 13.1% 12.6% 12.2%

2,340 2,350 9 0.4% 2,736 3,150 413 15.1% 5,076 5,500 423 8.3%

0.2% 0.0% 0.6% 0.4% 0.4% 0.2%

29 0 △29 △100.0% 114 100 △14 △12.5% 144 100 △44 △30.6%

2.3% 0.0% 0.5% 1.3% 1.4% 0.7%

442 0 △442 △100.0% 113 300 186 165.1% 555 300 △255 △46.0%

9.8% 11.2% 13.2% 12.3% 11.6% 11.8%

1,927 2,350 422 21.9% 2,737 2,950 212 7.8% 4,665 5,300 634 13.6%

5.5% 6.2% 10.1% 7.9% 7.9% 7.1%

1,072 1,300 227 21.2% 2,093 1,900 △193 △9.2% 3,165 3,200 34 1.1%



2013/9

上期 1st-Half

売上高Net Sales


販売費及び一般管理費

SG & A Expenses




税引前当期純利益Income beforeIncome Taxes

下期 2nd-Half

2014/32014/32014/9E

通期 Full-Year

2015/3E2015/3E

Copyright 2014

連結セグメント別売上高と売上総利益Net Sales and Gross Profit by Division : Consolidated

9



ResultsIncrease or


Increase or

DecreaseYoY (%)

94.1% 95.1% 95.9% 98.0%

32,370 34,822 38,652 3,830 11.0% 44,100 5,447 14.1%

5,874 7,333 8,325 991 13.5% 9,630 1,304 15.7%

18.1% 21.1% 21.5% 0.5% ― 21.8% 0.3% ―89.5% 91.6% 92.3% 93.1%

30,798 33,542 37,188 3,645 10.9% 41,900 4,711 12.7%

5,382 6,990 7,954 963 13.8% 9,030 1,075 13.5%

17.5% 20.8% 21.4% 0.5% ― 21.6% 0.2% ―4.6% 3.5% 3.6% 4.9%

1,571 1,279 1,464 184 14.4% 2,200 735 50.2%

492 343 370 27 8.1% 600 229 61.8%

31.3% 26.8% 25.3% △1.5% ― 27.3% 1.9% ―4.6% 3.8% 3.1% 1.3%

1,599 1,387 1,253 △133 △9.6% 600 △653 △52.2%

91 100 139 38 38.4% 20 △119 △85.7%

5.7% 7.3% 11.1% 3.9% ― 3.3% △7.8% ―1.3% 1.1% 1.0% 0.7%

442 422 379 △43 △10.2% 300 △79 △21.0%

159 129 165 35 27.5% 50 △115 △69.8%

36.1% 30.7% 43.6% 12.9% ― 16.7% △26.9% ―

100.0% 100.0% 100.0% 100.0%

34,412 36,632 40,285 3,653 10.0% 45,000 4,714 11.7%

6,125 7,564 8,630 1,066 14.1% 9,700 1,069 12.4%

17.8% 20.6% 21.4% 0.8% ― 21.6% 0.1% ―

2015/3E2014/3

売　上　高Net Sales




売上総利益率Gross Profit Margin

情報サービスInformation Services

システムソリューションサービス

System Solution Services


2013/32012/3


合　計Total

人材派遣Staffing Services

不動産賃貸

Real Estate Services

ソフトウエアプロダクト

Software Products












Copyright 2014

連結セグメント別業績の実績と予想Operating Results and Estimates by Division : Consolidated

10


Estimates YoY (%) Estimates YoY (%) Estimates YoY (%)

19,594 21,000 7.2% 20,691 24,000 16.0% 40,285 45,000 11.7%

18,751 20,510 9.4% 19,900 23,590 18.5% 38,652 44,100 14.1%

18,099 19,610 8.3% 19,089 22,290 16.8% 37,188 41,900 12.7%

652 900 38.0% 811 1,300 60.1% 1,464 2,200 50.2%

638 340 △46.7% 615 260 △57.8% 1,253 600 △52.2%

204 150 △26.6% 175 150 △14.4% 379 300 △21.0%

4,134 4,500 8.9% 4,496 5,200 15.7% 8,630 9,700 12.4%

3,995 4,480 12.1% 4,329 5,150 18.9% 8,325 9,630 15.7%

3,826 4,220 10.3% 4,127 4,810 16.5% 7,954 9,030 13.5%

169 260 53.7% 201 340 68.5% 370 600 61.8%

48 10 △79.3% 90 10 △89.0% 139 20 △85.7%

89 10 △88.9% 75 40 △47.0% 165 50 △69.8%

21.1% 21.4% ― 21.7% 21.7% ― 21.4% 21.6% ―

21.3% 21.8% ― 21.8% 21.8% ― 21.5% 21.8% ―

21.1% 21.5% ― 21.6% 21.6% ― 21.4% 21.6% ―

25.9% 28.9% ― 24.8% 26.2% ― 25.3% 27.3% ―

7.6% 2.9% ― 14.8% 3.8% ― 11.1% 3.3% ―

44.0% 6.7% ― 43.1% 26.7% ― 43.6% 16.7% ―

人材派遣

Staffing Services

人材派遣

Staffing Services

人材派遣

Staffing Services

情報サービス

Information Services

不動産賃貸Real Estate Services

内

訳

システムソリューションサービス

System Solution Services

内訳

2015/3E2014/9E2013/9


Software Products

不動産賃貸


情報サービス



Software Products

不動産賃貸


2015/3E

売上総利益率

Gross Profit Margin

売上高

Net Sales

上期　1st-Half 下期 2nd-Half 通期 Full-Year

2014/3 2014/3

システムソリューションサービスSystem Solution Services

売上総利益

Gross Profit

内

訳

システムソリューションサービスSystem Solution Services

情報サービス


ソフトウエアプロダクトSoftware Products

Copyright 2014

単独業績の概要Operating Results : Non-Consolidated

11


※2 2014年4月14日発表の修正予想値 Revised estimates ware announced on April 14, 2014


ResultsIncrease or

Decrease

YoY

(%, times)Estimates Difference

% of sales % of sales % of sales % of sales

30,157 32,475 35,645 3,169 9.8% 35,640 5

82.3% 79.4% 79.2% ―

24,813 25,784 28,235 2,451 9.5% N/A N/A

17.7% 20.6% 20.8% ―

5,343 6,691 7,409 717 10.7% N/A N/A

8.0% 8.2% 7.3% ―

2,421 2,655 2,591 △64 △2.4% N/A N/A

9.7% 12.4% 13.5% 13.5%

2,922 4,036 4,817 781 19.4% 4,810 7

11.7% 13.6% 14.8% 14.8%

3,535 4,427 5,266 838 18.9% 5,260 6

0.0% 0.4% 0.4% ―

10 134 144 10 7.5% N/A N/A

1.1% 2.0% 1.3% ―

331 649 459 △189 △29.2% N/A N/A

10.7% 12.0% 13.9% ―

3,214 3,912 4,950 1,038 26.5% N/A N/A

6.2% 8.2% 10.0% 9.9%

1,883 2,651 3,547 895 33.8% 3,540 7

2014/3 (Revised) 修正予想 2014/3E※2


税引前当期純利益Income before Income Taxes


販売費及び一般管理費SG & A Expenses


売上高Net Sales




売上原価Cost of Sales

2013/32012/3

Copyright 2014

単独業績の実績と予想Operating Results and Estimates : Non-Consolidated

12



EstimatesIncrease or


Increase or


Increase or

DecreaseYoY (%)

% of sales % of sales % of sales % of sales % of sales % of sales

17,289 19,000 1,710 9.9% 18,355 21,000 2,644 14.4% 35,645 40,000 4,354 12.2%

20.7% 20.5% 20.9% 19.5% 20.8% 20.0%

3,572 3,900 327 9.2% 3,837 4,100 262 6.9% 7,409 8,000 590 8.0%

7.7% 7.9% 6.8% 6.2% 7.3% 7.0%

1,335 1,500 164 12.3% 1,256 1,300 43 3.5% 2,591 2,800 208 8.1%

12.9% 12.6% 14.1% 13.3% 13.5% 13.0%

2,236 2,400 163 7.3% 2,581 2,800 218 8.5% 4,817 5,200 382 7.9%

14.5% 13.2% 15.0% 13.8% 14.8% 13.5%

2,508 2,500 △8 △0.3% 2,757 2,900 142 5.2% 5,266 5,400 133 2.5%

0.2% 1.1% 0.6% 0.5% 0.4% 0.8%

29 200 170 569.8% 114 100 △14 △12.5% 144 300 155 108.1%

2.4% 0.0% 0.2% 1.4% 1.3% 0.8%

415 0 △415 △100.0% 44 300 255 579.6% 459 300 △159 △34.7%

12.3% 14.2% 15.4% 12.9% 13.9% 13.5%

2,122 2,700 577 27.2% 2,827 2,700 △127 △4.5% 4,950 5,400 449 9.1%

7.7% 9.2% 12.0% 8.3% 10.0% 8.8%

1,337 1,750 412 30.8% 2,209 1,750 △459 △20.8% 3,547 3,500 △47 △1.3%

2013/9 2014/32014/3

上期 1st-Half 下期 2nd-Half 通期 Full-Year

2014/9E 2015/3E 2015/3E

売上高Net Sales


販売費及び一般管理費

SG & A Expenses






税引前当期純利益

Income before

Income Taxes

Copyright 2014

単独セグメント別売上高と売上総利益Net Sales and Gross Profit by Division : Non-Consolidated

13


※2 2014年4月1日のNSD ビジネスサービスの吸収合併に伴い、セグメントに人材派遣を追加しております。A segment of Staffing Services was added due to the merger with NBS Co., Ltd. on April 1, 2014.


ResultsIncrease or


Increase or

DecreaseYoY (%)

89.9% 92.3% 93.1% 91.9%

27,105 29,972 33,197 3,224 10.8% 36,770 3,572 10.8%

4,480 6,048 6,818 770 12.7% 7,460 641 9.4%

16.5% 20.2% 20.5% 0.4% ― 20.3% △0.3% ―

6.0% 4.7% 4.2% 3.7%

1,813 1,539 1,508 △31 △2.0% 1,480 △28 △1.9%

422 312 340 27 8.9% 290 △50 △14.8%

23.3% 20.3% 22.6% 2.3% ― 19.6% △3.0% ―

4.1% 3.0% 2.7% 2.9%

1,238 962 939 △23 △2.5% 1,150 210 22.4%

440 330 249 △80 △24.4% 230 △19 △8.0%

35.6% 34.3% 26.6% △7.7% ― 20.0% △6.6% ―

1.5%

― ― ― ― ― 600 600 ―

― ― ― ― ― 20 20 ―

― ― ― ― ― 3.3% ― ―

100.0% 100.0% 100.0% 100.0%

30,157 32,475 35,645 3,169 9.8% 40,000 4,354 12.2%

5,343 6,691 7,409 717 10.7% 8,000 590 8.0%

17.7% 20.6% 20.8% 0.2% ― 20.0% △0.8% ―



2015/3E

コンピュータ室運営管理

Facilities Management

2014/3


ソフトウエア開発

Software Development



売上総利益率

Gross Profit Margin

2013/32012/3

売上総利益率

Gross Profit Margin

売上総利益率

Gross Profit Margin




合計

Total





Software Products

人材派遣※2

Staffing Services


Copyright 2014

単独セグメント別業績の実績と予想Operating Results and Estimates by Division : Non-Consolidated

14

※1 2014年4月1日のNSD ビジネスサービスの吸収合併に伴い、セグメントに人材派遣を追加しております。A segment of Staffing Services was added due to the merger with NBS Co., Ltd. on April 1, 2014.


Estimates YoY (%) Estimates YoY (%) Estimates YoY (%)

17,289 19,000 9.9% 18,355 21,000 14.4% 35,645 40,000 12.2%

16,116 17,470 8.4% 17,080 19,300 13.0% 33,197 36,770 10.8%

745 740 △0.7% 763 740 △3.0% 1,508 1,480 △1.9%

427 450 5.2% 511 700 36.8% 939 1,150 22.4%

― 340 ― ― 260 ― ― 600 ―

3,572 3,900 9.2% 3,837 4,100 6.9% 7,409 8,000 8.0%

3,290 3,640 10.6% 3,528 3,820 8.3% 6,818 7,460 9.4%

157 150 △4.8% 182 140 △23.4% 340 290 △14.8%

123 100 △19.3% 126 130 3.1% 249 230 △8.0%

― 10 ― ― 10 ― ― 20 ―

20.7% 20.5% ― 20.9% 19.5% ― 20.8% 20.0% ―

20.4% 20.8% ― 20.7% 19.8% ― 20.5% 20.3% ―

21.1% 20.3% ― 23.9% 18.9% ― 22.6% 19.6% ―

29.0% 22.2% ― 24.7% 18.6% ― 26.6% 20.0% ―

― 2.9% ― ― 3.8% ― ― 3.3% ―

人材派遣 ※1

Staffing Services

内

訳

内

訳

人材派遣 ※1

Staffing Services

2014/3


Softw are Development




Softw are Products

売上総利益（全体）

Total Gross Profit

売上総利益率（全体）

Gross Profit Margin






Softw are Products

内

訳





下期 2nd-Half 通期 Full-Year

2015/3E 2015/3E

売上高（全体）

Total Net Sales

2013/9 2014/3

上期 1st-Half

2014/9E


Softw are Products

人材派遣 ※1

Staffing Services

Copyright 2014

単独エンドユーザー業種別売上高（ソフトウエア開発・コンピュータ室運営管理）Net Sales by End user Industry (Software Development and Facilities Management) : Non-Consolidated

15

金融業

Finance 39.8%

サービス業

Service 16.3%

製造業

Manufacturing 11.5%

通信業

Telecommunication10.3%

運輸業

Transportation9.6%

商業

Commerce6.8%

2014/3

金融業

Finance 41.4%

サービス業

Service 15.1%

製造業

Manufacturing 11.6%

通信業

Telecommunication10.3%

運輸業

Transportation8.5%

商業

Commerce6.6%

2013/3

■ 金融業 Finance

■ サービス業 Services

■ 製造業 Manufacturing

■ 通信業 Telecommunication

■ 運輸業 Transportation

■ 商業 Commerce

■ 公共団体 Public

■ 建設業 Construction

■ 電力・ガス Electricity & Gas

■ その他 Others


Results % of Total Results % of Total Results % of TotalIncrease or

DecreaseYoY (%)

金融業Finance 13,291 46.0% 13,045 41.4% 13,825 39.8% 780 6.0%

サービス業Service 4,139 14.3% 4,756 15.1% 5,665 16.3% 908 19.1%

製造業Manufacturing 2,764 9.6% 3,668 11.6% 3,988 11.5% 320 8.7%

通信業Telecommunication 3,054 10.6% 3,236 10.3% 3,559 10.3% 322 10.0%運輸業

Transportation 1,456 5.0% 2,693 8.5% 3,327 9.6% 633 23.5%商業Commerce 2,365 8.2% 2,059 6.6% 2,339 6.8% 279 13.6%

公共団体Public 1,064 3.7% 1,096 3.5% 1,058 3.0% △38 △3.5%

建設業Construction 480 1.6% 576 1.8% 657 1.9% 80 14.0%

電力･ガスElectricity & Gas 271 0.9% 321 1.0% 246 0.7% △74 △23.2%

その他Others 30 0.1% 57 0.2% 38 0.1% △18 △32.6%合計Total 28,919 100.0% 31,512 100.0% 34,705 100.0% 3,192 10.1%

2013/3 2014/32012/3

Copyright 2014

単独金融業エンドユーザー業態別売上高（ソフトウエア開発・コンピュータ室運営管理）Sales Breakdown by Finance End-user (Software Development and Facilities Management) : Non-Consolidated

16


Results % of Total Results % of Total Results % of TotalIncrease or

DecreaseYoY (%)

メガバンクLargest Banks

2,484 18.7% 2,637 20.3% 3,034 22.0% 396 15.0%

信託銀行Trust Banks

1,800 13.5% 2,641 20.2% 2,657 19.2% 16 0.6%地銀・信金他

Regional / Local

/ Other Banks 3,307 24.9% 2,062 15.8% 2,025 14.7% △ 36 △1.8%

生保・損保Insurance Companies

4,203 31.6% 4,002 30.7% 3,964 28.7% △ 38 △1.0%

証券会社Securities Companies

316 2.4% 416 3.2% 612 4.4% 195 47.0%

カードCard Companies

459 3.5% 567 4.3% 806 5.8% 239 42.2%

保証会社・その他Others 719 5.4% 717 5.5% 725 5.2% 7 1.1%

合計Total 13,291 100.0% 13,045 100.0% 13,825 100.0% 780 6.0%

2012/3 2013/3 2014/3

メガバンクLargest Banks

22.0%

信託銀行Trust Banks

19.2%

地銀・信金他Regional /

Local / Other Banks

14.7%

生保・損保Insurance

Companies28.7%

2014/3

メガバンク

Largest Banks

20.3%

信託銀行

Trust Banks

20.2%

地銀・信金他

Regional /

Local

/ Other Banks

15.8%

生保・損保

Insurance

Companies

30.7%

2013/3

■ メガバンク Largest Banks

■ 信託銀行 Trust Banks

■ 地銀・信金他 Regional/ Local/ Other Banks

■ 生保・損保 Insurance Companies

■ 証券会社 Securities Companies

■ カード Card Companies

■ 保証会社・その他 Others

Copyright 2014

単独ソフトウエア開発受注動向Software Development : Order, Net Sales and Order Backlog Trend: Non-Consolidated

17


受注高Order Value

前年同期比YoY (%)

売上高Net Sales


受注残高Order Backlog


2012/3 第１四半期　１Q 7,247 1.3% 6,595 2.5% 7,017 7.5%

第２四半期　２Q 6,434 △7.9% 6,718 1.3% 6,733 △2.1%

上期 1st-Half 13,681 △3.3% 13,314 1.9% 6,733 △2.1%

第３四半期　３Q 5,096 △1.3% 6,631 △2.2% 5,198 △1.3%

第４四半期　４Q 8,237 4.9% 7,159 6.0% 6,276 △1.4%

通期 Full-Year 27,015 △0.5% 27,105 1.9% 6,276 △1.4%

2013/3 第１四半期　１Q 6,455 △10.9% 6,905 4.7% 5,826 △17.0%

第２四半期　２Q 8,372 30.1% 7,371 9.7% 6,827 1.4%

上期 1st-Half 14,827 8.4% 14,276 7.2% 6,827 1.4%

第３四半期　３Q 6,784 33.1% 7,754 16.9% 5,857 12.7%

第４四半期　４Q 8,702 5.6% 7,941 10.9% 6,617 5.4%

通期 Full-Year 30,314 12.2% 29,972 10.6% 6,617 5.4%

2014/3 第１四半期　１Q 8,791 36.2% 7,786 12.8% 7,622 30.8%

第２四半期　２Q 8,046 △3.9% 8,330 13.0% 7,339 7.5%

上期 1st-Half 16,838 13.6% 16,116 12.9% 7,339 7.5%

第３四半期　３Q 7,525 10.9% 8,481 9.4% 6,382 9.0%

第４四半期　４Q 9,179 5.5% 8,598 8.3% 6,963 5.2%

通期 Full-Year 33,543 10.7% 33,197 10.8% 6,963 5.2%

Copyright 2014

単独製造費用とセグメント別外注費比率Manufacturing Costs and Subcontracting Costs Breakdown : Non-Consolidated

18

※1 左上の比率は構成比 The rates on the upper-left corners are percentages of total.

2012/3 2013/3 2014/3 2015/3E


Softw are Development2,901 3,550 5,916 8,400


Facilities Management486 385 404 400

セグメント別外注費（単独）

Subcontracting Costs by Division (Non-Consolidated) 百万円 millions of yen


2012/3 2013/3 2014/3 2015/3E

82.5% 81.1% 74.2% 67.9%

19,968 20,540 20,597 20,700

14.0% 15.5% 22.7% 28.8%

3,387 3,935 6,321 8,800

1.5% 1.4% 1.0% 1.3%

356 342 274 400

2.0% 2.0% 2.1% 2.0%

488 513 573 600

100.0% 100.0% 100.0% 100.0%

24,201 25,331 27,766 30,500

労務費

Personnel Costs

外注費

Subcontracting Costs

賃借料

Rental Costs

製造費用の推移（単独）Manufacturing Costs (Non-Consolidated)

その他Others

合計

Total

Copyright 2014

単独販売管理費SG & A Expenses : Non-Consolidated

19

※1 左上の比率は構成比 The rates on the upper-left corners are percentages of total.


55.7% 57.3% 58.3% 57.9%

1,349 1,522 1,510 1,620

13.1% 11.7% 9.6% 10.0%

316 310 248 280

2.2% 2.8% 2.2% 2.5%

53 73 58 70

29.0% 28.2% 29.9% 29.6%

701 748 774 830

100.0% 100.0% 100.0% 100.0%

2,421 2,655 2,591 2,800

88.4% 88.9% 95.0% 93.9%

2,139 2,359 2,460 2,630

11.6% 11.1% 5.0% 6.1%

281 295 130 170

2014/3 2015/3E

賃借料Rental Costs

内販売費Selling Expenses

合計Total

減価償却費Depreciation and Amortization

その他Others

内一般管理費General and Administrative

Expenses

2013/32012/3

人件費Personnel Costs

Copyright 2014

設備投資額・減価償却費・研究開発費・従業員データCapital Expenditure, Depreciation and Amortization, Research and Development Cost and

Number of Employees

20

従業員データNumber of Employees

2012/3 2013/3 2014/3

連結Consolidated

従業員数Number of Employees 3,867 3,765 3,587

単独Non-Consolidated

従業員数Number of Employees 3,016 2,991 2,957


2012/3 2013/3 2014/3 2015/3E

設備投資額Capital Expenditure 321 336 1,249 1,000

減価償却費Depreciation & Amortization 354 359 274 300

研究開発費Research & Development Cost 166 155 224 200

設備投資額Capital Expenditure 219 259 1,065 900

減価償却費Depreciation & Amortization 299 315 237 300

研究開発費Research & Development Cost 166 155 195 100

単独Non-Consolidated

連結Consolidated

Copyright 2014

会社概要Corporate Profile

Disclaimer

This report is intended to provide information about the business performance and strategy of NSD CO., LTD.

(NSD) and the NSD Group. It is not intended and should not be construed as an inducement to purchase or sell

stock in NSD or NSD Group companies. Statements in this presentation that are not historical facts are

forward-looking statements, based on the current beliefs, estimates and expectations of management. As these

beliefs, estimates and expectations are subject to a number of risks, uncertainties, and assumptions, actual

results may be materially different. NSD undertakes no obligation to update any forward-looking statements, and

shall in no event be liable for any damages arising out of the use or interpretation of this material. Please refrain

from copying, disseminating or distributing this material without the prior consent of NSD.

21

免責事項

本資料は、当社の業績及びグループ事業戦略に関する情報の提供を目的としたものであり、当社及び当グループ会社の株式の購入や売却を勧誘するものではありません。本レポートの内容には、将来の業績に関する意見や予測等の情報を掲載することがありますが、これらの情報は、現時点の当社の判断に基づいて作成されております。よって、その実現･達成を約束するものではなく、また今後、予告なしに変更されることがあります。本レポート利用の結果生じたいかなる損害についても、当社は一切責任を負いません。また、本レポートの無断での複製、転送等を行わないようにお願いいたします。

2014年3月31日現在 As of March 31, 2014

株式会社ＮＳＤ Name of Company : NSD CO., LTD.

1969年4月8日 Foundation : 1969/4/8

7,205,864,914 円 Capital : 7,205,864,914 yen

200,000,000株 Number of Shares : Authorized : 200,000,000

48,172,160株 Outstanding : 48,172,160

自己株式の総数* 6,609,793株 Treasury stocks*: 6,609,793

*従業員持株ESOP信託口株数9,100株を含む * Including shares of ESOP(Employee stock ownership program) trust account 9,100

大株主 IPC株式会社 Major Shareholders : IPC Co., Ltd.

（*自己株式除く） NORTHERN TRUST CO. (AVFC) RE 15PCT TREATY ACCOUNT * Treasury stocks are excluded NORTHERN TRUST CO. (AVFC) RE 15PCT TREATY ACCOUNT

有限会社KDアソシエイツ KD Associates, Ltd.

日本ﾄﾗｽﾃｨ･ｻｰﾋﾞｽ信託銀行株式会社（信託口） Japan Trustee Services Bank, Ltd.

日本ﾏｽﾀｰﾄﾗｽﾄ信託銀行株式会社（信託口） The Master Trust Bank of Japan, Ltd. (Trust Account)

RBC IST 15 PCT NON LENDING ACCOUNT RBC IST 15 PCT NON LENDING ACCOUNT

橋田麗子 Reiko Hashida

株主数 11,827名　（前期末　12,033名） Number of Shareholders : 11,827 (As of March 31, 2013 12,033)

上場証券取引所東京証券取引所　　市場第一部 Stock Listing : Tokyo Stock Exchange, 1st Section

従業員数連結 3,587 名（前期末　3,765名） Number of Employees : Consolidated 3,587 (As of March 31, 2013 3,765)

単独 2,957 名（前期末　2,991名） Non-Consolidated 2,957 (As of March 31, 2013 2,991)

The Nomura Trust and Banking Co., Ltd. (Retirement benefits

trust account at The Bank of Tokyo-Mitsubishi UFJ, Ltd.)

野村信託銀行株式会社(退職給付信託三菱東京UFJ銀行口)

発行済株式の総数

会社名

設　立

資本金

株式数発行可能株式総数

Copyright 2014

Consolidated

First Term

2013/3

Second Term

2014/3

Third Term

2015/3

Original Plan Original Plan Original Plan

Net Sales 37,000 40,000 44,000

Operating Income 4,000 4,500 5,300

OPM(%) 10.8% 11.3% 12.0%

Ordinary Income 4,100 4,600 5,500

Net Income 2,100 2,700 3,200

ROE(%) - - 8.0%

DOE(%) - - 3.0%

Indices Target : Midterm Management Plan 2013.3 - 2015.3

23

First Term

2013/3

Second Term

2014/3

Third Term

2015/3

Results Results Revised Plan

36,632 40,285 45,000

4,483 4,848 5,400

12.2% 12.0% 12.0%

4,530 5,076 5,500

2,454 3,165 3,200

6.0% 7.5% 8.0%

2.8% 3.2% 3.2%

Non-Consolidated

First Term

2013/3

Second Term

2014/3

Third Term

2015/3

Original Plan Original Plan Original Plan

Net Sales 33,000 36,000 40,000

Operating Income 3,700 4,200 5,000

Ordinary Income 4,100 4,500 5,300

Net Income 2,200 2,700 3,100

First Term

2013/3

Second Term

2014/3

Third Term

2015/3

Results Results Revised Plan

32,475 35,645 40,000

4,036 4,817 5,200

4,427 5,266 5,400

2,651 3,547 3,500

Copyright 2014

-17.3%

-2.2%

2.9%

8.9%10.9%

-20%

-10%

0%

10%

20%

2010 2011 2012 2013 2014

10.9%

Net sales in Information

Services segment

24

・May 2012 Established NSD International, Inc. in New York, USA.

・Oct. 2012 Established Renbenxindong Technology Ltd. in Beijing, China.

・Jan. 2013 Entered into strategic partnership with LOTTE Data

Communication Co., a leading IT company in Korea.

・Apr. 2013 Acquired Viterion TeleHealthcare business from

Bayer HealthCare LLC.

・Jul. 2013 Founded RX Technology Japan Ltd. as a subsidiary of

Renbenxindong Technology Ltd.

・Feb. 2014 Founded Chengdu Renbenxindong Technology Ltd. as

a subsidiary of Renbenxindong Technology Ltd.

TeleHealth is the services connecting patients to clinicians by using

telecommunication technologies. FIND is used for the smart device application

developed with local government which contributes to the regional revitalization.

We are going to develop new products and services as they are.

Business Innovation Co., Ltd., one of our newly setup companies established

in 2013, promotes the businesses as a distributor.

Oct. 2012: Renbenxindong Technology Ltd. Established

Mar. 2013: Set up a branch office in Shanghai

Jul. 2013: Established RX Technology Japan Ltd. in Japan

Jul. 2013: Founded RX Technology Japan Ltd. as a subsidiary of

Renbenxindong Technology Ltd.

May 2012: Established NSD International, Inc. Apr. 2013 : Acquired Viterion TeleHealthcare business

3 ・ 4Actively seek M&A opportunitiesand Promote global business expansion

2Aim at becoming a leader in a niche market of Services-Provision-oriented Solution Application

1Boost further competitiveness in Made-to-Order Contract Development

FY March 2014 Topics: Our approach to the Midterm Management Plan 2013.3 - 2015.3

Sales Average growth rate of

Made-to-Order Software in the

information service industry

Ref: METI

1.8%

NSD expanded business with existing customers and acquired new

customers by utilizing the accumulated technological skills and know-how,

and by taking the following actions

- New customers and new business acquisitions have been enhanced due

to the efforts of new sales department. We keep making these efforts to

enhance these businesses by solution proposals.

- Improvement of quality and productivity by enhanced process control

http://www.nsdbi.co.jp/index.html

http://www.nsdbi.co.jp/index.html

Copyright 2014 25

Our policy on returns to shareholders

１ Maintain a steady payout aiming at the ratio of 40% ※ and over.※ Revised from 30% on May, 2014

２Consider flexibly share buy-back, taking the performance and the trend of the share price into account comprehensively.

Returns to our shareholders have been regarded as one of the top priorities among management issues. It is our basic policy to maintain a steady payout as well as to pay returns flexibly to the shareholders by considering the performance and the trend of the share price comprehensively.

Changes in Dividends & Payout Ratio, and Share Buy-Back

1,000

1,979

Note: The total payout of Dividends doesn’t include dividend paid to ESOP Trust accounts.

1,0001,979

Cancellation of Treasury

Stock of 3million was

executed on March, 2012.

presentation on financial results for the fiscal year …achievements of this fiscal year: midterm...

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