Outline of the JFE Group



*
For the year ended March 31, 2003, consolidated net sales and operating income of JFE Steel, JFE Engineering and JFE Urban Development have been calculated by combining approximate amounts from each business segment under the former Kawasaki Steel and former NKK before elimination of intersegment sales. The addition of respective totals for the operating companies will not equal the consolidated amounts reported for JFE Holdings.
** A list of Group members, by operating company, is provided on pages of Major Group Companies by Operating Segment.


JFE Holdings

Corporate Summary
Date of Establishment: September 27, 2002
Address: 1-2, Marunouchi 1-chome Chiyoda-ku, Tokyo 100-0005, Japan
Capitalization: ¥100 billion
Representative: Yoichi Shimogaichi, President and Co-CEO
Consolidated Net Sales:
(Year ended March 31, 2003)
¥2,426.8 billion
Consolidated Operating Income:
(Year ended March 31, 2003)
¥146.8 billion
Number of Employees:
(As of April 1, 2003; nonconsolidated)
118




JFE Steel Coporation

Corporate Summary
Date of Establishment: April 1, 2003
Address: 2-3, Uchisaiwaicho 2-chome Chiyoda-ku, Tokyo 100-0011, Japan
Capitalization: ¥239.6 billion
Representative: Fumio Sudo, President and CEO
Consolidated Net Sales:
(Year ended March 31, 2003)
¥1,977.4 billion
Consolidated Operating Income:
(Year ended March 31, 2003)
¥132.8 billion
Number of Employees:
(As of April 1, 2003; nonconsolidated)
14,589
Major Group Companies
KAWATETSU MINING CO., LTD. TOKYO SHEARING CO., LTD.
KOKAN MINING COMPANY LTD. JFE CIVIL ENGINEERING & CONSTRUCTION CORP.
NKK BARS & SHAPES Co., Ltd. KAWATETSU MACHINERY CO., LTD.
DAIWA STEEL CORP. MENTEC KIKO CORP.
TOYOHIRA STEEL CORP. KAWATETSU ELECTRIC ENGINEERING CO., LTD.
JFE WELDED PIPE MANUFACTURING CO., LTD. KAWASHO GECOSS CORP.
JFE METAL PRODUCTS & ENGINEERING INC. NKK MARINE & LOGISTICS CORP.
KAWATESU GALVANIZING CO., LTD. KAWATETSU TRANSPORTATION & TECHNOLOGY CO., LTD.
JFE CONTAINER CO., LTD. KAWATETSU SYSTEMS, INC.
NKK STEEL SHEET & STRIP CORP. FUKUYAMA JOINT THERMAL POWER CO., LTD.
NIPPON CHUZO K.K. MIZUSHIMA JOINT THERMAL POWER CO., LTD.
CALIFORNIA STEEL INDUSTRIES, INC. JFE CHEMICAL CORP.
Thai Cold Rolled Steel Sheet Public Co., Ltd. NKK TRADING INC.
  LS FENCE CO., LTD.
  KAWASHO CORP.





JFE Engineering Corporation

Corporate Summary
Date of Establishment: April 1, 2003
Address: 1-2, Marunouchi 1-chome Chiyoda-ku, Tokyo 100-0005, Japan
Capitalization: ¥10 billion
Representative: Shigeharu Dote, President and CEO
Consolidated Net Sales:
(Year ended March 31, 2003)
¥457.3 billion
Consolidated Operating Income:
(Year ended March 31, 2003)
¥12.9 billion
Number of Employees:
(As of April 1, 2003; nonconsolidated)
1,967
Major Group Companies
JFE Koken Corporation Universal Shipbuilding Corporation
JFE Plant & Service Corporation Nippon Chutetsukan K.K.




JFE Urban Development Corporation

Corporate Summary
Date of Establishment: April 1, 2003
Address: 1-2, Marunouchi 1-chome Chiyoda-ku, Tokyo 100-0005, Japan
Capitalization: ¥3 billion
Representative: Noriaki Shigemi, President
Consolidated Net Sales:
(Year ended March 31, 2003)
¥30.9 billion
Consolidated Operating Income:
(Year ended March 31, 2003)
¥1.1 billion
Number of Employees:
(As of April 1, 2003; nonconsolidated)
51
Major Group Company
JFE Urban Plus Corporation





Kawasaki Microelectronics,Inc

Corporate Summary
Date of Establishment: July 1, 2001
Address: 3, Nakase 1-chome, Mihama-ku, Chiba 261-8501, Japan
Capitalization: ¥5 billion
Representative: Susumu Hirano, President and CEO
Consolidated Net Sales:
(Year ended March 31, 2003)
¥31.0 billion
Consolidated Operating Income:
(Year ended March 31, 2003)
¥1.2 billion
Number of Employees:
(As of April 1, 2003; nonconsolidated)
492
Major Group Company
Kawasaki LSI U.S.A., Inc.





JFE R&D Corporation

Corporate Summary
Date of Establishment: April 1, 2003
Address: 1-1, Minami-Wataridacho, Kawasaki-ku, Kawasaki, Kanagawa
210-0855, Japan
Capitalization: ¥10 million
Representative: Toyofumi Kitada, President
Number of Employees:
(As of April 1, 2003; nonconsolidated)
93