Translation Translation Consolidated Financial Results for the First Three Months of the Fiscal Year Ending March 31, 2016

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)

July 31, 2015
Scheduled date to file quarterly securities report: August 7, 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 three months of the fiscal year ending March 31, 2016 (from April 1, 2015 to June 30, 2015) (1) Consolidated operating results (Percentages indicate year-on-year changes.)

Net sales

Operating income

Ordinary income

Profit attributable to owners of parent

First three months ended

June 30, 2015

June 30, 2014

Millions of yen %

137,225 (9.2)

151,058 15.2

Millions of yen %

1,013 (55.8)

2,295 (57.6)

Millions of yen %

1,820 40.8

1,293 (78.7)

Millions of yen %

1,243 -

33 (99.3)

(Note) Comprehensive income

For the first three months ended June 30, 2015:2,953million yen [268.1%] For the first three months ended June 30, 2014: 802 million yen [(92.1)%]

Net income per share

Diluted net income per share

First three months ended

June 30, 2015

June 30, 2014

Yen

11.34

0.34

Yen

-

-

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

As of

June 30, 2015

March 31, 2015

Millions of yen

762,211

770,591

Millions of yen

270,898

271,997

%

34.6

34.1

(Reference) Equity (= Shareholders' equity and accumulated other comprehensive income) As of June 30, 2015 263,559 million yen

As of March 31, 2015 262,918 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, 2015

-

0.00

-

40.00

40.00

Fiscal year ending March 31, 2016

-

Fiscal year ending March 31, 2016 (Forecast)

15.00

-

-

-

(Note) Revisions to the forecasts of cash dividends most recently announced: Yes
The year-end cash dividends for the fiscal year ending March 31, 2016 are undetermined, which will be announced as soon as they are made available.

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)

(Percentages indicate year-on-year changes.)

Net sales

Operating income

Ordinary income

Profit attributable to owners of parent

Net income per share

First six months ending

September 30, 2015

Fiscal year ending

March 31, 2016

Millions of

yen %

280,000 (9.9)

577,000 (6.6)

Millions of

yen %

5,000 (44.4)

14,500 (31.1)

Millions of

yen %

4,500 (45.9)

12,000 (39.1)

Millions of

yen %

2,500 (52.5)

8,000 (52.8)

Yen

22.81

72.98

(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): None
(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 June 30, 2015

109,843,923 shares

As of March 31, 2015

109,843,923 shares

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

As of June 30, 2015

221,583 shares

As of March 31, 2015

219,728shares

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

For the first three months ended June 30, 2015

109,623,094 shares

For the first three months ended June 30, 2014

99,927,820 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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