Translation Translation Consolidated Financial Results


February 5, 2015

for the First Nine Months of the Fiscal Year Ending March 31, 2015

Company name: Nisshin Steel Co., Ltd. Listing: Tokyo Stock Exchange Securities code: 5413
URL: http://www.nisshin-steel.co.jp/
Representative: Toshinori Miki, Representative Director and President & CEO
Inquiries: Nobuyuki Sakaki, General Manager, General Administration Department
TEL: +81-3-3216-5566 (from overseas)
Scheduled date to file quarterly securities report: February 10, 2015
Scheduled date to commence dividend payments: - Preparation of supplementary material on quarterly earnings: Yes
Holding of quarterly earnings performance review: Yes (for institutional investors and analysts)

(Rounded down to the nearest millions of yen)

1. Consolidated performance for the first nine months of the fiscal year ending March 31, 2015 (from April 1, 2014 to December 31, 2014) (1) Consolidated operating results (Percentages indicate year-on-year changes.)

Net sales

Operating income

Ordinary income

Net income

First nine months ended

December 31, 2014

December 31, 2013

Millions of yen %

459,731 10.0

417,841 9.5

Millions of yen %

15,406 23.1

12,517 -

Millions of yen %

17,036 (1.9)

17,359 -

Millions of yen %

12,930 7.0

12,084 -

(Note) Comprehensive income

For the first nine months ended December 31, 2014: 20,550 million yen [(18.5)%] For the first nine months ended December 31, 2013:25,224 million yen [-%]

Net income per share

Diluted net income per share

First nine months ended

December 31, 2014

December 31, 2013

Yen

124.04

120.93

Yen

-

-

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

As of

December 31, 2014

March 31, 2014

Millions of yen

737,875

741,750

Millions of yen

236,935

215,958

%

30.9

28.0

(Reference) Equity (= Shareholders' equity and accumulated other comprehensive income) As of December 31, 2014 228,323 million yen

As of March 31, 2014 207,840 million yen

2. Cash dividends

Dividends per share

First quarter- end

Second quarter- end

Third quarter- end

Fiscal year- end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2014

-

0.00

-

15.00

15.00

Fiscal year ending March 31, 2015

-

0.00

-

Fiscal year ending March 31, 2015 (Forecast)

40.00

40.00

(Note) Revisions to the forecasts of cash dividends most recently announced: Yes

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2015 (from April 1, 2014 to March 31, 2015)

(Percentages indicate year-on-year changes.)

Net sales

Operating income

Ordinary income

Net income

Net income per share

Fiscal year ending

March 31, 2015

Millions of

yen %

615,000 6.7

Millions of

yen %

22,000 32.9

Millions of

yen %

20,000 1.4

Millions of

yen %

16,000 (9.9)

Yen

151.54

(Note) Revisions to the consolidated earnings forecasts most recently announced: Yes
* Notes
(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): Yes
New addition: None
Exclusion (2 companies): Nisshin Steel Co., Ltd., Nippon Metal Industry Co., Ltd.
(2) Application of special accounting for preparing quarterly consolidated financial statements: Yes
(3) Changes in accounting policies, changes in accounting estimates and restatement
a. Changes in accounting policies due to revisions to accounting standards: Yes b. Changes in accounting policies due to other reasons: None
c. Changes in accounting estimates: None d. Restatement: None
(4) Number of issued shares (common stock)
a. Total number of issued shares at the end of the period (including treasury stock)

As of December 31, 2014

109,843,923 shares

As of March 31, 2014

109,843,923 shares

b. Number of shares of treasury stock at the end of the period

As of December 31, 2014

217,811 shares

As of March 31, 2014

9,915,344 shares

c. Average number of shares during the period (cumulative from the beginning of the fiscal year)

For the first nine months ended March 31, 2014

104,238,962 shares

For the first nine months ended March 31, 2013

99,933,762 shares

* Indication regarding execution of quarterly review procedures
This quarterly earnings report is exempt from the quarterly review procedures pursuant to the Financial Instruments and Exchange Act. At the time of disclosure of this quarterly earnings report, however, the quarterly review procedures pursuant to the Financial Instruments and Exchange Act are in progress.
* Proper use of earnings forecasts and other special matters
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable and are in no way intended to be commitments or undertakings of the Company. Actual business and other results may differ substantially due to various factors.

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