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Annual Report, etc.
Financial Information

March 6, 2008
Nisshin Steel Co., Ltd.

Consolidated and Non-consolidated Projection for Year Ending March 31, 2008

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, 2008
Current 655.0 53.0 30.0 520.0 50.0 30.0
Previous
Oct. 31, 2007
670.0 59.0 33.0 530.0 55.0 32.0
(Reference-
Actual)
Year ended
Mar. 31, 2007
641.2 62.1 37.2 485.2 53.3 33.4
Six-month
period ended Sep.
30, 2007
332.0 38.6 22.9 266.3 36.1 22.0

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, 2008
Board resolved to pay a 4-yen/share year-end dividend.
Board also resolved to pay an additional 2-yen/share commemorative dividend to celebrate the Company's centennial (10 yen/share in annual total vs. 7 yen of the previous FY).
We thank our shareholders for continued support of the Nisshin Steel Group.

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