NKK CORPORATION: Annual Report 1998
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Corporate Data
(As of March 31, 1998)


NKK Corporation

Head Office:
1-1-2, Marunouchi Chiyoda-ku, Tokyo 100-8202, Japan
Tel: 81-3-3212-7111
Fax: 81-3-3214-8400
Telex: 2222811 (NKK J)
Home Page (URL) http://www.nkk.co.jp
Date of Establishment:
June 8, 1912
Number of Employees:
15,613
Domestic Facilities:
6 works (Keihin, Fukuyama, Toyama, Tsurumi, Tsu and Shimizu)
Common Stock:
¥233.7 billion
Number of Shares of Common Stock Outstanding:
3.5 billion
3.4 billion (As of July 1, 1998)
Number of Shareholders:
303,621
Securities Traded:
Tokyo Stock Exchange, and other major Japanese stock exchanges
Transfer Agent:
The Yasuda Trust & Banking Co., Ltd.
1-2-1, Yaesu, Chuo-ku, Tokyo 103-0028, Japan

Additional copies of this annual report and other information may be obtained by contacting:
Masayoshi Ogura
Chief, Investor Relations,
Finance Department,
NKK Corporation
1-1-2, Marunouchi Chiyoda-ku, Tokyo 100-8202, Japan
Tel: 81-3-3217-2183    Fax: 81-3-3214-8407


Major Overseas Joint Ventures

ASIA

BEIJING PHOENIX STEEL METALLURGICAL ENGINEERING CO., LTD.
Engineering, procurement, inspection, fabrication, installation, construction, maintenance and other services related to steelmaking and other plants in China (People's Republic of China)

BOHAI NKK DRILL PIPE CO., LTD.
Manufacture and sale of drill pipes
(People's Republic of China)

CHINA TSIC-NKK OFFSHORE ENGINEERING & SERVICES CO., LTD.
Engineering, fabrication of out-fitting and related activity for shipbuilding/repair (People's Republic of China)

FUJIAN SINO-JAPAN METAL CORPORATION
Manufacture and sale of tin plates
(People's Republic of China)

NKK PHILIPPINES INC.
Engineering, procurement, fabrication, installation, construction, catering and other services related to energy, steel structures and others (Philippines)

NKK TECHNO MANILA INC.
Product design for engineering projects (Philippines)

THAI COLD ROLLED STEEL SHEET PUBLIC CO., LTD.
Manufacture and sale of cold rolled sheets (Thailand)

THAI COATED STEEL SHEET CO., LTD.
Manufacture and sale of electrolytic galvanized sheets (Thailand)

NKK ENGINEERING (THAILAND) CO., LTD.
Engineering, construction and maintenance related to energy, water supply, steel and chemical plants (Thailand)

NKK INTERNATIONAL (MALAYSIA) SDN. BHD.
Engineering, fabrication, installation, construction, and other services related to oil and gas pipelines, steel plants and others (Malaysia)

NKK INTERNATIONAL PTE. LTD.
Engineering, procurement, fabrication, installation, construction, catering and other services for overseas projects (Singapore)

P.T. SERMANI STEEL CORP.
Manufacture and sale of galvanized sheets (Indonesia)

P.T. PERMIKO ENGINEERING AND CONSTRUCTION
Engineering, inspection, fabrication, installation, construction and maintenance related to oil and gas pipelines and steel structures (Indonesia)

OCEANIA

NKK AUSTRALIA PTY. LTD.
Production and sale of pellets (Australia)

MIDDLE EAST

NKK SAUDI CONSTRUCTION CO., LTD.
Engineering, construction, management and maintenance related to oil, gas and chemical plants and pipelines (Saudi Arabia)

ALEXANDRIA NATIONAL IRON & STEEL CO. S.A.E.
Manufacture and sale of bars and wire rods (Arab Republic of Egypt)

EUROPE

ROTARY NOZZLE INTERNATIONAL S.A.
Manufacture and sale of NKK Rotary Nozzle Systems (Belgium)

NORTH AMERICA

NATIONAL STEEL CORP.
Manufacture and sale of hot and cold rolled sheets, tinplate and galvanized sheets (U.S.A.)

NKK NORTH EAST COAL DEVELOPMENT, LTD.
Development, production and sale of coal (Canada)

NKK RESOURCES CANADA, LTD.
Development, production and sale of coal (Canada)

JAPAN GREGG RIVER COAL, LTD.
Agent for the Japanese interests (7 companies) in the Gregg River project (Canada)

DNN GALVANIZING CORPORATION
Manufacture and sale of galvanized sheets (Canada)

SOUTH AMERICA

COMPANHIA NIPO-BRASILEIRA DE PELOTIZACAO
Production and sale of pellets (Brazil)


Overseas Offices and Affiliates

ASIA

Beijing
NKK CORPORATION Beijing Office
1720, Beijing Fortune Building, Chaoyang District, Beijing, People's Republic of China
Tel: 86-10-6590-9051     Fax: 86-10-6590-9056

Shanghai
NKK CORPORATION Shanghai Office
Room 208, Shanghai International Trade Center, Shanghai 200335, People's Republic of China
Tel: 86-21-6270-1980     Fax: 86-21-6270-1977

Hong Kong
NKK CORPORATION Hong Kong Office
402 Fairmont House, 8 Cotton Tree Drive, Central, Hong Kong Special Administrative Region, People's Republic of China
Tel: 852-2810-0604     Fax: 852-2810-4262

Taipei
NKK CORPORATION Taipei Office
502B, 5th Floor, Chia Hsin Bldg. No. 96, Sec. 2, Chung Shan North Rd., Taipei, Taiwan
Tel: 886-2-2537-1369     Fax: 886-2-2537-1344

Yangon
NKK Yangon Branch
Pansodan Office Tower, 3rd Floor, 189/195 Pansodan St., Kyaukdadar Township, Yangon, Myanmar
Tel/Fax: 95-1-243125

Bangkok
NKK CORPORATION Bangkok Regional Office
11th Floor, Ramaland Bldg., 952 Rama IV Road, Bangrak, Bangkok 10500, Thailand
Tel: 66-2-6329270     Fax: 66-2-6329272

Singapore
NKK CORPORATION Singapore Office
78 Shenton Way #15-03 S-079120, Republic of Singapore
Tel: 65-221-7277     Fax: 65-224-4568

Jakarta
Jakarta Representative of NKK CORPORATION
Midplaza II, 17th Floor, JL. Jend. Sudirman, Kav. 10-11, Jakarta 10220, Indonesia
Tel: 62-21-5707572     Fax: 62-21-5703294
Telex: 65637 (PMK IA)

MIDDLE EAST

Al-Khobar
NKK CORPORATION Al-Khobar Office
P.O. Box 215, Dhahran Airport 31932, Saudi Arabia
Tel: 966-3-857-6284     Fax: 966-3-857-7084

EUROPE

London
NKK EUROPE LTD. London Office
4th Floor, West Block, 11 Moorfields, High Walk, London EC2Y 9DE, U.K.
Tel: 44-171-628-2161     Fax: 44-171-638-1374
Telex: 886310 (NKK LN G), 887602 (NKK LN G)

Düseldorf
NKK EUROPE LTD. Düseldorf Office
Immermannstrasse 43, 40210 Düseldorf, Germany
Tel: 49-211-353481     Fax: 49-211-361-3589

Amsterdam
NKK NETHERLANDS B.V.
Transpolis Commerce Center Polarisavenue 83A, P.O. Box 2033 2130 GE Hoofddorp, The Netherlands
Tel: 31-23-568-5060     Fax: 31-23-568-5069

NORTH AMERICA

New York
NKK AMERICA INC. New York Office
450 Park Avenue, New York, NY 10022, U.S.A.
Tel: 1-212-826-6250     Fax: 1-212-826-6358
Telex: 233495 (NKK UR)

New York
NKK TITANIUM U.S.A.
450 Park Avenue, New York, NY 10022, U.S.A.
Tel: 1-212-826-6250     Fax: 1-212-826-6358
Telex: 233495 (NKK UR)

Washington, D.C.
NKK AMERICA INC. Washington, D.C. Branch Office
1215 17th Street, N.W., Washington, D.C., 20036, U.S.A.
Tel: 1-202-467-8010     Fax: 1-202-452-8075

Mars, PA
NKK-STEEL ENGINEERING, INC.
910 Sheraton Drive, Suite 400, Mars, PA 16046-9414 U.S.A.
Tel: 1-412-772-3242     Fax: 1-412-772-3836

Vancouver
NKK CORPORATION Vancouver Office
P.O. Box 49168, Four Bentall Centre, Suite 3394-1055, Dunsmuir Street, Vancouver, B.C. V7X-1J1, Canada
Tel: 1-604-687-0091     Fax: 1-604-688-7020

CENTRAL AMERICA

Mexico City
NKK CORPORATION DE MEXICO, S.A.
Homero 136-703 Col. Chapultepec Morales C.P. 11570 Mexico D.F. Mexico
Tel: 52-5-531-7492     Fax: 52-5-531-7494


Major Domestic Subsidiaries and Affiliates

STEEL

TOA STEEL CO., LTD.
Tokyo Shearing Co., Ltd.
Nippon Kokan Light Steel Kabushiki Kaisha
KOKAN DRUM COMPANY, LTD.
KOKAN KENZAI K.K.
KAWASAKI KOKAN CO., LTD.
NKK MARINE & LOGISTICS CORPORATION
NISSAN SENPAKU LTD.
KOKAN MINING COMPANY, LTD.
GALVATEX CORPORATION
KOKAN KIKAI KOGYO K.K.
Fukuyama Kyodo Power Co., Ltd.
FUKUYAMA KYODOKIKO CORPORATION
NKK TRADING INC.
Nichiei Unyu Soko K.K.
FUJI KAKO CO., LTD.
NK. COAL CENTER CO., LTD.
NIPPON KOKAN PIPE FITTING MFG. CO., LTD.
Japan Casting Co., Ltd.
NIPPON CHUTETSUKAN K.K.
NK Forge Co., Ltd.
IROX-NKK Co., Ltd.
ISHIBASHI KOSAN CO., LTD.

ENGINEERING, CONSTRUCTION AND SHIPBUILDING

Nippon Kokan Koji K.K.
NKK PLANT ENGINEERING CORPORATION
NIPPON ROTARY NOZZLE CO., LTD.
NKK DESIGN & ENGINEERING CORPORATION
KOKAN DENSETSU KOGYO K.K.

OTHER FIELDS

NK HOME CO., LTD.
KOKAN CONSTRUCTION CORPORATION
NKK Credit Corporation
ADCHEMCO Corporation
NK TECHNO SERVICE CO., LTD.
NK MANAGEMENT CENTER CO., LTD.
Japan Adcoating Co., Ltd.
NKF Corporation
NK-EXA CORPORATION


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