June 4,1999
Shin-Kobe Electric Machinery Co., Ltd.

Consolidated

Income Statements

(Millions of yen,except per share data)

	1999	1998	% Increase (Decrease)
Net sales	61,342	65,970	(7)
Operating income	2,272	1,299	75
Ordinary profit	1,672	112	1,385
Net income	(527)	(325)	-
Net income (per share) (yen)	(10.36)	(6.39)	-

Net Sales by Product Category

(Millions of yen)

	1999	1998	% Increase (Decrease)
Storage Batteries, Electric Machinery & Equipment	39,467 (64)	42,711 (65)	(8)
Synthetic Resin	21,874 (36)	23,259 (35)	(6)

Forecast for Fiscal 2000

(Millions of yen)

Net sales	Ordinary income	Net income
61,500	2,100	500

May 27,1999

Non-Consolidated

Income Statements

(Millions of yen,except per share data)

	1999	1998	% Increase (Decrease)
Net sales	52,326	56,012	(7)
Operating income	1,817	1,075	69
Ordinary profit	1,297	332	291
Net income	392	40	878
Net income (per share) (yen)	7.71	0.79	-
Cash dividends declared (per share) (yen)	3	-	-

Net Sales by Product Category

(Millions of yen)

	1999	1998	% Increase (Decrease)
Storage Batteries	27,457 (53%)	29,304 (52%)	(6)
Electric Machinery & Equipment	5,987 (11%)	6,936 (13%)	(14)
Synthetic Resin	18,881(36%)	19,771(35%)	(5)

Forecast for Fiscal 1999

(Millions of yen)

Net sales	Ordinary income	Net income
52,500	1,600	550

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