Nishimatsu Construction Co., Ltd.

Non-Consolidated

Financial Results (abstract)

Interim Report for Six Months Ended 30th September 2006

as of 30th September 2006

Non-Consolidated

Nishimatsu Construction Co., Ltd.

	Millions of Yen	Millions of Yen	Thousands of U.S. Dollars
*(1) Result of Operations*	2005(Semi-Annual)	2006(Semi-Annual)	2006(Semi-Annual)

Net Sales	147,104	162,513	1,378,403
Income from Operations	705	-913	-7,750
Net Income	438	-1,076	-9,132


Per Share of Common Stock (In Yen)
Net Income	1.58 yen	-3.88 yen	-0.033 dollars
Cash Dividends Applicable to the Year	-	-	-


*(2) Assets and Equity*

Total Assets	687,449	719,476	6,102,429
Total Shareholders' Equity	188,070	192,165	1,629,903
Equity/ Assets Ratio (%)	27.4%	26.7%	26.7%
Shareholders' Equity per Share (In Yen)	677.58 yen	692.48 yen	5.87 dollars

Issued and Outstanding Number of Shares: 277,957,513 Shares (30th September 2005)

277,957,513 Shares (30th September 2006)

	Millions of Yen	Millions of Yen
*(3) Forecast for Fiscal Year 2006*	First Half of the Year	Whole Year

Net Sales	-	473,000
Ordinary Profit	-	10,000
Net Income	-	4,000
Annual Cash Dividend per Share (In Yen)	-	9.00 yen

Note 1: Figures in US$ in this report are converted from yen at the rate of 117.90JPY=US$1.00, the rate prevailing on 30th September 2006, 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: The accounting policy for the Net Sales from Contracts Completed has been changed from a completion basis to a percentage of completion basis for contracts that were awarded after 1st April 2006 with a construction period of exceeding 1year and a contract sum of more than 100 million Japanese Yen.