In this paper, we studied the magnetic composite sheets for electromagnetic wave noise absorber of quasi-microwave band by using soft magnetic FeSiCr and Fe50Ni flakes with the thickness of about 1 μm and polymer. The magnetic hysteresis curve including saturation magnetization and residual magnetization and the complex permeability characteristics of the composite sheets were investigated to clarify the mixing effect on electromagnetic wave absorption properties. The saturation magnetization was decreased about 10% while the residual magnetization was increased about 15% and the real parts of complex permeability at below 500 MHz were increased 0.6～4 while those values at above 500 MHz were decreased 0.4～2.5 according to the change of contents of FeSiCr and Fe50Nipowders. As a result, the reflection loss can be moved to the lower frequency from 2∼3 GHz to 1∼1.5GHz as the contents of Fe50Ni flaky powder into FeSiCr flaky powder was increased up to 50%.