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Annual Report, etc.
Financial Information

March 1, 2007
Nisshin Steel Co., Ltd.

Consolidated and Non-consolidated Projection for Year Ending March 31, 2007

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, 2007
Current
635.0
57.0
33.0
485.0
49.0
29.0

Previous
Oct. 31, 2007

625.0
47.0
28.0
475.0
40.0
23.0
(Reference-
Actual)
Year ended
Mar. 31, 2006
556.0
63.1
24.4
415.5
63.1
27.1
Six-month
period ended Sep.
30, 2006
301.2
21.9
13.7
224.8
17.9
11.6

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, 2007

Board resolved to pay a 4 yen/share year-end dividend (7 yen/share in annual total).
We thank our shareholders for continued support of the Nisshin Steel Group.

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