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Annual Report, etc.
Financial Information

July 30, 2004
Nisshin Steel Co., Ltd.

Consolidated and Non-consolidated Financial Highlights
for the first quarter ended June 30, 2004

1. Consolidated results of operations
(Millions of yen)
Net sales 123,026
Operating income 11,750
Income before special items 10,246
Net income 4,632
(Yen)
Net income per share 4.80
2. Non-consolidated results of operations
(Millions of yen)
Net sales 92,234
Operating income 10,757
Income before special items 9,684
Net income 4,623
(Yen)
Net income per share 4.79
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