The B2-ordered NiAl has attracted much attention as one of the candidates as a next generation high temperature material, because it has a high melting temperature, a low specific gravity and an excellent high temperature oxidation resistance. However, the application of NiAl to structural materials needs the improvement of its brittleness at room temperature. The study was carried out on the relation between several properties of NiAl and some variation of Ni content within NiAl phase, which means deviations from the stoichiometric composition. The main results were as follows; (i) Good ductility was obtained at the testing temperature more than 1073 K irrespective of Ni content. (ii) Increasing Ni content offered preferable tensile properties. (iii) Every NiAl with varying Ni contents showed the superior oxidation resistance.