April 26,2004
Shin-Kobe Electric Machinery Co., Ltd.

Consolidated

Income Statements

(Millions of yen,except per share data)

	2004	2003	% Increase (Decrease)
Net sales	51,562	53,478	(4)
Operating income	1,941	3,237	(40)
Ordinary profit	1,587	1,931	(18)
Net income	852	680	25
Net income (per share) (yen)	16.16	11.86	-

Net Sales by Product Category

(Millions of yen)

	2004	2003	% Increase (Decrease)
Storage Batteries, Electric Machinery & Equipment	31,860(62)	34,309(64)	(7)
Synthetic Resin	19,701(38)	18,859(32)	3

Forecast for the year ended March 31,2005

(Millions of yen)

Net sales	Ordinary income	Net income
55,500	2,750	1,000

Non-Consolidated

Income Statements

(Millions of yen,except per share data)

	2004	2003	% Increase (Decrease)
Net sales	46,362	48,353	(4)
Operating income	1,495	2,614	(43)
Ordinary profit	1,011	1,510	(33)
Net income	488	583	(16)
Net income (per share) (yen)	9.6	10.57	-
Cash dividends declared (per share) (yen)	8	8	-

Net Sales by Product Category

(Millions of yen)

	2004	2003	% Increase (Decrease)
Storage Batteries, Electric Machinery & Equipment	29,406(63)	31,463(65)	(7)
Synthetic Resin	16,956(37)	16,710(35)	1

Forecast for the year ended March 31,2005

(Millions of yen)

Net sales	Ordinary income	Net income
50,000	2,000	800

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