Nisshin Steel : Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016

Translation Translation

Consolidated Financial Results

February 1, 2016

for the First Nine 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: [phone] (from overseas)

Scheduled date to file quarterly securities report: February 10, 2016 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, 2016 (from April 1, 2015 to December 31, 2016)
2. Consolidated operating results (Percentages indicate year-on-year changes)

   
   

   Net sales		Operating income		Ordinary income		Profit attributable to owners of parent
   First nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
   December31, 2015	409,920	(10.8)	6,930	(55.0)	4,552	(73.3)	0	(100.0)
   December31, 2014	459,731	10.0	15,406	23.1	17,036	(1.9)	12,930	7.0

   (Note) Comprehensive income

   For the first nine months ended December 31, 2015:(4,572) million yen [-%]

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

   Net income per share	Diluted net income per share
   First nine months ended	Yen	Yen
   December 31, 2015	0.00	-
   December 31, 2014	124.04	-

   
   

3. Consolidated financial position




Total assets	Net assets	Equity ratio
As of	Millions of yen	Millions of yen	%
December 31, 2015	750,517	261,697	33.9
March 31, 2015	770,591	271,997	34.1

(Reference) Equity (= Shareholders' equity and accumulated other comprehensive income) As of Dececember 31, 2015 254,411 million yen

As of March 31, 2015 262,918 million yen

4. Cash dividends

   Dividends per share
   First quarter- end	Second quarter- end	Third quarter- end	Fiscal year- end	Total
   Fiscal year ended March 31, 2015	Yen	Yen	Yen	Yen	Yen
   	-	0.00	-	40.00	40.00
   Fiscal year ending March 31, 2016	-	15.00	-
   Fiscal year ending March 31, 2016 (Forecast)	25.00	40.00

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

   
   

5. 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
Fiscal year ending March 31, 2016	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
	549,000	(11.1)	11,000	(47.8)	6,500	(67.0)	1,000	(94.1)	9.12

(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

4. Changes in accounting policies due to revisions to accounting standards: Yes

5. Changes in accounting policies due to other reasons: None

6. Changes in accounting estimates: None

7. Restatement: None

   
   

8. Number of issued shares (common stock)

9. Total number of issued shares at the end of the period (including treasury stock)

   As of December 31, 2015	109,843,923 shares
   As of March 31, 2015	109,843,923 shares

   
   

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

    As of December 31, 2015	223,967 shares
    As of March 31, 2015	219,728 shares

    
    

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

For the first nine months ended December 31, 2015	109,621,953 shares
For the first nine months ended December 31, 2014	104,238,962 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.