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Annual Report, etc.
Financial Information

November 21, 2002
Nisshin Steel Co., Ltd.

Consolidated Financial Highlights
Nisshin Steel Co., Ltd.

Six-month period ended September 30, 2002 and 2001

1. Results of operations (Millions of yen)
 
 
2002
2001
Net sales
199,089
203,727
Operating income (loss)
1,654
(3,713)
Loss before special items
4,024
7,663
Net loss
6,255
13,314
   
2. Per share amounts (Yen)
 
Net loss per share
6.31
13.39
Cash dividends per share
0
0
   
3. Financial position (Millions of yen)
 
Total assets
624,888
624,642
Total shareholders' equity
221,446
235,390
   
4. Cash flows (Millions of yen)
 
Net cash provided by operating activities
9,940
10,469
Net cash used in investing activities
11,046
6,135
Net cash used in financing activities
3,888
4,691
Cash and cash equivalents at end of period
28,158
15,526
   
Nisshin Steel's consolidated financial statements include the accounts of Nisshin Steel and its nine consolidated subsidiaries listed below :
 
Nisshin A&C Co., Ltd. Nisshin Kokan Co., Ltd. Nisshin Koki Co., Ltd.
Shinwa Kigyo Co., Ltd. Tsukiboshi Kaiun Co., Ltd. Tsukiboshi Shoji Co., Ltd.
Nisshin Holding, Inc. Nisshin Steel USA, LLC Wheeling-Nisshin, Inc.
   
Equity method is applied to the investments in unconsolidated subsidiaries and major affiliates.
   
•Projection for year ending March 31, 2003
  1.Projected results of operations (Millions of yen)
 
 
2003
Net Sales
405,000
Income before special items
3,000
Net loss
5,500
   
  2. Per share amount (Yen)
 
Net loss per share
5.56
   
Note :
The estimates above are based on information available at the time of this writing and include uncertain factors.
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