Nishimatsu Construction Co., Ltd.

Business Performance

Nishimatsu Construction Co., Ltd.

Notice on Business Performance for the 3rd Quarter from April 1 to December 31, 2010

as of 10th February 2011

1. Financial Results (abstract)

Consolidated

	Millions of Yen	Millions of Yen	Thousands of U.S. Dollars
*(1) Result of Operations*	2009(3rd Quarter)	2010(3rd Quarter)	2010(3rd Quarter)

Net Sales	266,020	189,640	2,327,164
Income from Operations	-1,654	2,151	26,398
Ordinary Profit	-2,036	1,519	18,641
Net Income	-1,872	5,107	62,675


Per Share of Common stock (In Yen)
Net Income	-6.75yen	18.42yen	0.226dollars


*(2) Assets and Net Assets*

Total Assets	480,482	344,063	4,222,156
Total Net Assets	153,293	119,435	1,465,645
Net Assets / Assets Ratio (%)	31.8%	34.6%	34.6%
Net Assets per Share 　(In Yen)	550.27 yen	429.62 yen	5.272 dollars

	Millions of Yen
*(3) Forecast for Fiscal Year 2010*	Whole Year

Net Sales	273,000
Income from Operations	2,700
Ordinary Profit	1,200
Net Income	700

Please note that the above business forecast is based on information available at the time of the 3rd quarter Report , and so there is a possibility of change due to various factors.

2. Non-Consolidated Business Performance for the 3rd Quarter ending December 31, 2010

	Orders Received (millions of yen)	Growth (%)
2010	132,157	-20.7%
2009	166,690	-14.4%

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

Breakdown of Non-Consolidated Orders Received

	3rd Quarter from April 1 to December 31
	2009		2010		Growth
	Millions of yen	％	Millions of yen	％	Millions of yen	％
Construction
Civil Engineering
Domestic-Public Sector	30,902	18.5	17,341	13.1	-13,560	-43.9
Domestic-Private Sector	12,811	7.7	7,567	5.7	-5,244	-40.9
Overseas	10,970	6.6	1,259	1.0	-9,710	-88.5
Civil Engineering Sub-total	54,685	32.8	26,169	19.8	-28,515	-52.1
Buildings
Domestic-Public Sector	6,274	3.8	23,573	17.9	17,299	275.7
Domestic-Private Sector	99,129	59.5	73,905	55.9	-25,223	-25.4
Overseas	375	0.2	383	0.3	7	2.0
Buildings Sub-total	105,779	63.5	97,862	74.1	-7,916	-7.5
Domestic-Public Sector Total	37,177	22.3	40,915	31.0	3,738	10.1
Domestic-Private Sector Total	111,941	67.2	81,473	61.6	-30,468	-27.2
Overseas Total	11,346	6.8	1,642	1.3	-9,703	-85.5
Total	160,464	96.3	124,031	93.9	-36,432	-22.7

Real Estate, etc.	6,226	3.7	8,125	6.1	1,899	30.5
Grand Total	166,690	100.0	132,157	100.0	-34,533	-20.7

3. Non-Consolidated Business Performance for Financial Year ending March 31, 2011

	Orders Received (millions of yen)	Growth (%)
2010(forecast)	246,000	-5.0%
2009(actual)	258,888	-6.4%

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

〔Qualitative information on Non-Consolidated orders received〕

Non-consolidated orders received for this quarter decreased 34.5 billion yen, or 20.7%, compared to the same period from last year. The main factors for this can be attributed to an approx. 3.7 billion yen increase in orders received for the domestic public sector, an approx. 30.4 billion yen decrease in orders received for the domestic private sector, and an approx. 9.7 billion yen decrease in orders received in the overseas orders etc.

Note 1: Figures in US$ in this report are converted from yen at the rate of 81.49JPY=US$1.00, the rate prevailing on 31st December, 2010, 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 the above business forecast is based on information available at the time of Financial Results. and so there is a possibility of future change due to various factors.