Consolidated Financial ResultsJuly 29, 2011for the First Quarter of the Fiscal Year Ending March 31, 2012Company Name: Nisshin Steel Co., Ltd.

URL: http://www.nisshin-steel.co.jp/

Code Number: 5407 (Tokyo, Osaka, Nagoya, and Fukuoka stock exchanges) Representative: Toshinori Miki, President and Chief Executive Officer

Contact: Shinya Shinagawa, General Manager, General Administration & Risk Management Department

Tel: +81 3 3216 5566

1. Highlights of Consolidated Results for the First Quarter of Fiscal Year (FY) ending March 31, 2012

(1) Consolidated Operating Results (Rounded down to the nearest millions of yen) (The percentage figures represent the change from the same period last year)

Net sales

Operating income

Income

before special items

Net income

1Q of FY ending

March 31, 2012

1Q of FY ended

March 31, 2011

Millions of yen %

136,973 3.1

132,845 58.3

Millions of yen %

2,953 (31.8)

4,329 –

Millions of yen %

3,464 114.4

1,615 –

Millions of yen %

2,142 559.1

325 –

(Note) Comprehensive income: 1Q of FY ending March 31,2012 : 3,890million yen