Objectives and Progress of the Consolidation

Objectives of Consolidation

The JFE Group is determined to achieve the highest standards of global competitiveness by capitalizing on its strong customer base, advanced technology and state-of-the-art steelworks and manufacturing plants, while creating an innovative corporate culture with a challenging spirit. Specific objectives include:

  1. Respond to global customer needs better and faster
  2. Enhance credibility among shareholders and capital markets worldwide
  3. Provide employees with more challenge and opportunities
  4. Contribute to local communities and global environmental conservation.

Progress of Consolidation

April 2000 Kawasaki Steel and NKK agreed to study mutual cooperation in transportation, maintenance and procurement at their four domestic steelworks, with the aim of enhancing operational efficiency at the adjacent steelworks based on their geographical advantages.
September 2000 The ultimate goal of the cooperative alliance is to further reduce costs, maximize competitive strengths and achieve long-term business growth in the age of global mega competition. As the two companies worked to expand their mutual cooperation programs in transportation, maintenance and procurement, they came to agree on ten cooperative items in the three categories.
April 2001 The two companies reached a basic agreement to consolidate their entire operations, including their subsidiaries and affiliates, on the basis of equal partnership and in mutual trust. The aim is to create a new corporate group with a strong earnings base with steel and engineering as its core businesses.
Objectives of Consolidation
The JFE Group aims to achieve the highest standards of global competitiveness by capitalizing on its strong customer base, advanced technology and state-of-the-art steelworks and manufacturing plants, while creating an ever-challenging corporate culture. Specific objectives include:
1. Respond to global customer needs better and faster
2. Enhance credibility among shareholders and capital markets worldwide
3. Provide employees with more challenge and opportunities
4. Contribute to host communities and global environmental protection
December 2001 The two companies reached a basic agreement for consolidation and unveiled the formation of the "JFE Group."
Foundation of JFE Group - Conclusion of the Basic Agreement for Consolidation of Kawasaki Steel and NKK -
[12/21/2001]
May 9, 2002 Conclusion of the Agreement for Consolidation of Kawasaki Steel and NKK
Conclusion of the Agreement for Consolidation of Kawasaki Steel and NKK [05/09/2002]

Outline of the Consolidation

Through September 27, 2002 Through September 27, 2002
Step 1
Establishment of
JFE Holdings by Stock-for-Stock Exchange
September 26, 2002
Register Establishment of JFE Holdings, Inc.
September 27, 2002
Date of Establishment
Step 1
Step 2
Reorganization of
Operational Companies by
Business Segment

April 2003

Step 2

Current JFE Group

From January 1, 2013 From Januarly, 2013