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Annual Report, etc.
Financial Information

March 2, 2006
Nisshin Steel Co., Ltd.

Consolidated and Non-consolidated Projection for Year Ending March 31, 2006

1. Projection

(Billions of yen)

      
Consolidated
Non-consolidated

Net
sales

Income before
special items

Net income
Net
sales
Income before
special items

Net income

Year ending
Mar. 31, 2006
Current
550.0
62.0
24.0
410.0
63.0
27.0

Previous
Feb. 2, 2006

550.0
61.0
23.0
410.0
62.0
26.0
(Reference-
Actual)
Year ended
Mar. 31, 2005
535.7
60.1
24.1
390.9
51.7
23.1
Six-month
period ended Sep.
30, 2005
281.9
39.6
21.5
212.2
37.5
20.7

Note: The above projection is based on information available at the time of this release and includes certain assumptions.

2. Dividend for Year Ending March 31, 2006

Board resolved to pay a 3 yen/share year-end dividend (6 yen/share in annual total) subject to shareholders' approval.
We thank our shareholders for continued support of the Nisshin Steel Group.

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