Nishimatsu Construction Co., Ltd.

Business Performance

Nishimatsu Construction Co., Ltd.

Notice on Business Performance for the 1st Quarter from April 1 to June 30, 2011

as of 9th August, 2011

1. Financial Results (abstract)

Consolidated

	Millions of Yen	Millions of Yen	Thousands of U.S. Dollars
*(1) Result of Operations*	2010(1stQuarter)	2011(1stQuarter)	2011(1stQuarter)

Net Sales	53,387	51,638	639,642
Income from Operations	-655	-2,292	-28,399
Ordinary Profit	-770	-2,147	-26,605
Net Income	1,369	-2,213	-27,421


Per Share of Common stock (In Yen)
Net Income	4.94yen	-7.98yen	-0.099dollars


*(2) Assets and Equity*

Total Assets	377,453	316,413	3,919,400
Total Shareholders' Equity	115,010	110,683	1,371,034
Equity/ Assets Ratio (%)	30.3%	34.9%	34.9%
Shareholders' Equity per Share 　(In Yen)	412.05yen	397.85yen	4.928dollars

	Millions of Yen	Millions of Yen
*(3) Forecast for Fiscal Year 2011*	2nd Quarter	Whole Year

Net Sales	129,000	266,000
Income from Operations	300	3,300
Ordinary Profit	300	2,500
Net Income	300	2,500

Please note that the above business forecast is based on information available at the time of the 1st quarter Report , and so there is a possibility of change due to various factors.

2. Non-Consolidated Business Performance for the 1st Quarter ending June 30, 2011

	Orders Received (millions of yen)	Growth (%)
2011	78,604	74.7%
2010	45,006	-0.3%

Note: (a). Financial figures herein are simply rounded down to the nearest millions of yen.
(b). The percent figure shows the rate compared with the same period from last year.

Breakdown of Non-Consolidated Orders Received

	1st Quarter from April 1 to June 30
	2010		2011
	Millions of yen	％	Millions of yen	％
Construction
Civil Engineering
Domestic-Public Sector	3,356	7.5	4,484	5.7
Domestic-Private Sector	3,168	7.0	4,527	5.8
Overseas	2	0.0	43,553	55.4
Civil Engineering Sub-total	6,528	14.5	52,565	66.9
Buildings
Domestic-Public Sector	9,932	22.1	2,434	3.1
Domestic-Private Sector	26,700	59.3	21,404	27.2
Overseas	63	0.1	58	0.1
Buildings Sub-total	36,697	81.5	23,897	30.4
Domestic-Public Sector Total	13,289	29.5	6,919	8.8
Domestic-Private Sector Total	29,869	66.4	25,931	33.0
Overseas Total	65	0.1	43,612	55.5
Total	43,225	96.0	76,463	97.3

Real Estate, etc.	1,780	4.0	2,141	2.7
Grand Total	45,006	100.0	78,604	100.0

3. Non-Consolidated Business Performance for Financial Year ending March 31, 2012

	Orders Received (millions of yen)	Growth (%)
2011(forecast)	246,000	7.1%
2010(actual)	229,778	-11.2%

Note: (a). Financial figures herein are simply rounded down to the nearest millions of yen.
(b). The percent figure shows the rate compared with the same period from last year.

〔Qualitative information on Non-Consolidated orders received〕

Non-consolidated orders received for this quarter increased 33.5 billion yen, or 74.7%, compared with the same period from last year. The main factors for this can be attributed to in some major orders received for the overseas, despite that an approx. 6.3 billion yen decrease in orders received for the domestic-public sector and an approx. 3.9 billion yen decrease in orders received for the domestic-private sector.

Note 1: Figures in US$ in this report are converted from yen at the rate of 80.73JPY=US$1.00, the rate prevailing on 30th June 2011, for the readers' convenience only.
Note 2: Net income per share of common stock is based upon the weighted average number of shares of common stock outstanding during each year.
Note 3: Please note that the above business forecast is based on the information available at the time of the Financial Results, and so there is a possibility of change due to various factors.