The aim of this study is to develop of a new shear panel damper using stainless steel which possesses high ductility and a large dissipation capacity. In order to investigate the hysteretic performance of shear panel using stainless steel, an experimental work was carried out under cyclic horizontal loads. The experimental parameters were kind of steel(SS400, SUS304, SUS329J4L) and width-to-thickness of shear panel. From the experimental results, it has been made clear that shear panel damper using stainless steel exhibits good hysteretic performance up to large deformation. The total energy dissipation of specimen SUS329-30 was 1.44 times larger than that of specimen SS400-33.