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Annual Report, etc.
Financial Information

February 4, 2005
Nisshin Steel Co., Ltd.

Consolidated and Non-consolidated Financial Highlights
for the third quarter ended December 31, 2004

1. Consolidated results of operations
(Millions of yen)
Net sales 391,129
Operating income 45,591
Income before special items 40,972
Net income 17,768
(Yen)
Net income per share 18.52
2. Non-consolidated results of operations
(Millions of yen)
Net sales 285,410
Operating income 39,798
Income before special items 34,652
Net income 17,450
(Yen)
Net income per share 18.19
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