JFE GROUP REPORT

JFE GROUP REPORT 2025

The JFE Group Report 2025 is designed to help JFE shareholders, investors and other stakeholders understand the medium- to long-term value-creation story of JFE and its diverse group. Business initiatives, financial information and non-financial information including environmental, social and governance (ESG) topics are integrated in this comprehensive report from the perspective of growth strategies.


This year’s report focuses on our newly formulated long-term vision, JFE Vision 2035, and our value-creation strategies for achieving this vision through growth under our Eighth Medium-Term Business Plan. The report also explains the strengths the JFE Group has developed thus far, the key points of our current initiatives, our strategies for achieving future goals, and our vision for sustainable corporate value.

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Title Pages Size
COVER 1 852KB
Contents / Editorial Policy 2 589KB
Sources of Value Creation
Sources of Value Creation 3～ 2.24MB
└ Group Vision and Purpose 3
└ The JFE Group’s Current Position 4
└ Roadmap to Realizing Our Long-term Vision 6
Strategy to Create Value
Strategy to Create Value 8～ 5.70MB
└ Message from the CEO 8
└ Review of Previous Medium-term Business Plans 16
└ Message from the CFO 18
└ Eighth Medium-term Business Plan(Fiscal 2025–2027) 22
└ Steel Business 22
└ Engineering Business 26
└ Trading Business 28
└ Keihin District Land Utilization 30
└ Initiatives for Environmental Sustainability 32
└ Dialogue with Outside Directors 34
Value Creation in Action
Value Creation in Action 40～ 5.58MB
└ Our Value Driver: Technology that Creates Competitive Advantage 40
└ Carbon Recycling Blast Furnaces: Advantages and Challenges 40
└ Innovative Electric Arc Furnaces: Advantages and Challenges 42
└ Aiming for Intelligent Steelworks through DX 44
└ The JFE Group’s Value Creation 46
└ Sources of Value Creation: The Value of Steel 46
└ Contributing to Society with Our Technological Capabilities 47
└ The Business Model Creating the High-Value-Added JFE Brand 48
└ Steel Business × Trading Business 48
└ Engineering Business 49
└ Process of Value Creation 50
└ Material Issues of Corporate Management(Materiality) 51
└ Initiatives to Address Material Issues of Corporate Management 53
└ Business Strategies 56
└ Steel Business 56
└ Engineering Business 58
└ Trading Business 60
└ Shipbuilding Business 62
Management Foundation
Management Foundation 63～ 1.84MB
└ Strategies by Function 63
└ GX Strategy 63
└ DX Strategy 68
└ Intellectual Property Strategy 70
└ Human Resources Strategy 72
└ The Business Foundation Supporting Our Corporate Value 76
└ Management Organization 76
└ Corporate Governance 78
└ Respect for Human Rights 88
Data
Data 90～ 2.94MB
└ Main Domestic Bases 90
└ Main Overseas Bases 91
└ Main Domestic Group Companies 92
└ Material Flow 93
└ Non-financial Highlights 94
└ Financial Highlights 96
└ Financial Performance 98
└ Company Profile / Share Information 102

JFE GROUP REPORT 2024

The JFE Group Report 2024 is an integrated report designed to help JFE shareholders, investors and other stakeholders understand the medium- to long-term value propositions of the company and its diverse group.


This report for the final year of our 7th Mid-term Management Plan provides key information on our value-creation strategy, which is centered on the steady implementation of our medium-term plan. Starting with the CEO's message, we explain the progress we have made in each of our main businesses, focusing on the themes of shifting from quantity to quality, solution businesses, and measures for achieving carbon neutrality.

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Title Pages Size
COVER 336KB
Contents / Editorial Policy 1 1.38MB
Message from the CEO
Message from the CEO 3~ 738KB
└ Message from the CEO 3
Sources of Value Creation
Sources of Value Creation 10~ 3.16MB
└ The Value of Steel 11
└ Corporate Vision / Corporate Values / Standards of Conduct / Our Vision 13
└ Contributing to society with our technological capabilities 15
└ Business Model (Steel Business and Trading Business) 17
└ Business Model (Engineering Business) 19
└ Process of Value Creation 21
└ Toward a Sustainable Future 23
Strategy to Create Value
Strategy to Create Value 24~ 3.16MB
└ Market Trends and Business Risks and Opportunities 25
└ Material Issues of Corporate Management 27
└ Material Issues of Corporate Management and KPIs 29
└ Seventh Medium-term Business Plan(Fiscal 2021–2024) 33
└ Strategy 1 Financial Strategy: Message from the CFO 34
└ Strategy 2 Shift focus from Quantity to Quality 37
└ Strategy 3 Strengthening Momentum in the Solution Business 39
└ Strategy 4 Intellectual Property Activities 41
└ Strategy 5 Promotion of DX Strategy 43
└ Strategy 6 Promotion of the JFE Group Environmental Vision for 2050 to Achieve Carbon Neutrality 45
└ Advancing the commercialization of the offshore wind power business 50
└ Business Strategies 53
└ Steel Business 53
└ Engineering Business 56
└ Trading Business 59
└ Shipbuilding Business 61
└ Annual Highlights 62
└ Human Resources 63
└ Ensuring Occupational Safety and Health 63
└ Securing and Training Diverse Talent 65
└ Social and Relationship Capital 67
Management Foundation
Management Foundation 68~ 974KB
└ Management Organization 69
└ Dialogue with Outside Executives 71
└ Corporate Governance 77
└ Thorough Compliance 84
└ Risk Management 85
└ Respect for Human Rights 87
Data
Data 89~ 1.35MB
└ Main Domestic Bases 89
└ Main Overseas Bases 91
└ Material Flow 93
└ Non-financial Highlights 95
└ Financial Highlights 97
└ Financial Performance 99
└ Operating and Main Group Companies 103
└ Company Profile / Share Information 105

JFE GROUP REPORT 2023

The JFE Group Report 2023 is an integrated report issued for the purpose of helping JFE shareholders, investors and other stakeholders understand the medium- to long-term value propositions of the company and its diverse group.


This year marks the third year of the company's 7th Medium-term Business Plan, an important year in which JFE is implementing growth strategies and completing its structural reforms. Details about these and other key initiatives are provided in the CEO's message, sections on each operating company, feature articles and other information in this report.

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Title Pages Size
COVER 344KB
Contents / Editorial Policy 1 791KB
Value Creation Framework
Value Creation Framework 3~ 2.22MB
└ Corporate Vision / Corporate Values / Standards of Conduct 5
└ The Value of Steel 7
└ History 9
└ JFE's Technological Capabilities 11
└ Process of Value Creation 13
Strategy to Create Value
Strategy to Create Value 15~ 3.08MB
└ Message from the CEO 17
└ Market Trends and Business Risks and Opportunities 23
└ Material Issues of Corporate Management 25
└ Material Issues of Corporate Management and KPIs 27
└ Progress on the Seventh Medium-term Business Plan (Fiscal 2021–2024) 31
└ Message from the CFO 33
└ Special Feature 1: Electrical Steel Strategy
Strengthen Production of Electrical Steel		 35
└ Special Feature 2: Land Utilization in the Keihin Region
Large-Scale Land Conversion to Pave the Way for the Next 100 Years		 39
Initiatives to Create Value
Initiatives to Create Value 41~ 2.77MB
└ Business Model (Steel Business and Trading Business) 42
└ Business Model (Engineering Business) 45
└ Business Strategies 47
└ Steel Business 47
└ Engineering Business 50
└ Trading Business 53
└ Shipbuilding Business 55
└ Annual Highlights 56
└ Helping to Resolve Issues Related to Climate Change 57
└ Intellectual Property Activities 63
└ Promotion of DX 64
└ Securing and Training Diverse Talent 65
Management Foundation that Supports Growth
Management Foundation that Supports Growth 67~ 1.73MB
└ Management Organization 69
└ Dialogue with Outside Executives 71
└ Corporate Governance 77
└ Thorough Compliance 84
└ Risk Management 85
└ Ensuring Occupational Safety and Health 87
└ Respect for Human Rights 89
└ Stakeholder Relationships 92
Data
Data 93~ 1.33MB
└ Main Domestic Bases 93
└ Main Overseas Bases 95
└ Material Flow 97
└ Non-financial Highlights 99
└ Financial Highlights 101
└ Financial Performance 103
└ Operating and Main Group Companies 107
└ Company Profile / Share Information 109

JFE GROUP REPORT 2022

The JFE Group Report 2022 is an integrated report issued for the purpose of helping all JFE shareholders, investors and other stakeholders understand the medium- to long-term value propositions of the company and its diverse group.


This year marks the 20th anniversary of the company's founding and the second year of its Seventh Medium-term Business Plan. It also is an important year in which JFE is actively pursuing growth strategies and striving resolutely toward carbon neutrality by 2050. For more about these and other key initiatives, we hope you will enjoy reading the CEO's message, sections on each operating company, feature articles and other information in this report.

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Title Pages Size
COVER 6.56MB
INTRODUCTION 1 5.49MB
Contents / Editorial Policy 7 751KB
Message from the CEO 9 535KB
JFE Group's Value Creation
JFE Group's Value Creation 15~ 2.10MB
└ The Value of Steel 17
└ Market Trends and Business Risks and Opportunities 19
└ Material Issues of Corporate Management 21
└ Material Issues of Corporate Management and KPIs 23
└ Process of Value Creation 27
└ Business Model (Steel Business and Trading Business) 29
└ Business Model (Engineering Business) 31
Strategy to Create Value
Strategy to Create Value 33~ 5.92MB
└ Message from the CFO 35
└ Progress on Seventh Medium-term Business Plan (Fiscal 2021–2024) 37
└ DX Strategy 39
└ Business Strategies 41
└ Steel Business 41
└ Engineering Business 44
└ Trading Business 47
└ Shipbuilding Business 49
└ Annual Highlights 50
└ Special Feature: The JFE Group's Challenge (1)
Advancing the Commercialization of the Wind Power Generation Business
Offering a Full Lineup Supply Structure		 51
└ Special Feature: The JFE Group's Challenge (2)
Contributions to Resolving Climate Change
-Aiming for carbon neutrality by 2050		 55
└ Human Capital 61
└ Securing and Training Diverse Human Resources 61
└ Ensuring Occupational Safety and Health 63
Management Foundation
Management Foundation 65~ 2.04MB
└ Management Organization 67
└ Dialogue with Outside Executives 69
└ Corporate Governance 75
└ Thorough Compliance 82
└ Risk Management 83
└ Respect for Human Rights 85
└ Stakeholder Relationships 87
Data
Data 89~ 1.34MB
└ Main Domestic Bases 89
└ Main Overseas Bases 91
└ Material Flow 93
└ Non-financial Highlights 95
└ Financial Highlights 97
└ Financial Performance 99
└ Operating and Main Group Companies 103
└ Company Profile / Share Information 105

JFE GROUP REPORT 2021

The JFE GROUP REPORT 2021 (Integrated Report) has been created and published with the aim of having all stakeholders, including shareholders and investors, understand the medium- to long-term value creation narratives within JFE Group.


Fiscal 2021, the first year of the Seventh Medium-term Business Plan, is a pivotal year for JFE Holdings, marking the formulation of the JFE Group's Environmental Vision 2050 that aims for carbon neutrality by 2050 and stronger efforts to address climate change. In this report, we introduce our management strategies centered on the CEO's message, the business strategies of each operating company, and feature articles.

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Title Pages Size
COVER 269KB
Contents 3 220KB
JFE Group's Value Creation Story
JFE Group's Value Creation Story 5~ 1.62MB
└ The Value of Steel 7
└ History of Value Creation 9
└ Outline of the JFE Group 11
└ Process of Value Creation 13
└ Material Issues of JFE Group Corporate Management 15
Strategy to Create Value
Strategy to Create Value 17~ 2.14MB
└ Message from the CEO 19
└ Seventh Medium-term Business Plan (FY2021–2024) 25
└ Message from the CFO 27
└ Special Feature　JFE Group Environmental Vision for 2050 29
└ Business Strategies Business Model (Steel Business and Trading Business) 35
└ Business Model (Engineering Business) 37
└ Business Overview: Steel Business 39
└ Business Overview: Engineering Business 43
└ Business Overview: Trading Business 47
└ Business Overview: Shipbuilding Business 50
└ Dialogue with Outside Executives 51
└ Key Issues for Management of the JFE Group (Materiality)
└ Fiscal 2021 Key Issues for Management and KPIs 57
└ Fiscal 2020 KPI Outcomes and
Evaluations for Priority CSR Issues		 59
Sustainability management
Sustainability management 63~ 676KB
└ Our Contributions to Resolving Climate Change 65
└ Material Flow 69
└ Ensuring Occupational Safety and Health 71
└ Securing and Training Diverse Human Resources 73
└ Respect for Human Rights 75
└ Thorough Compliance 77
└ Corporate Governance 78
└ Risk Management 85
└ Stakeholder Relationships 87
└ Management Organization 89
Financial and Corporate Information
Financial and Corporate Information 91~ 1.12MB
└ Financial Highlights 91
└ Non-financial Highlights 93
└ Company Profile / Share Information 95
└ Annual Highlights 96
└ Operating and Main Group Companies 97
└ Financial Information 99
└ Independent Auditor's Report 156

JFE GROUP REPORT 2020

The JFE GROUP REPORT 2020 (Integrated Report) has been created and published with the aim of having all stakeholders, including shareholders and investors, understand the medium- to long-term value creation narratives within JFE Group.


While providing a consolidated overview of the medium- to long-term growth strategy together with financial information (such as results and management strategies) and non-financial information such as Environment, Society, and Governance (ESG), we have included special feature articles focused on specific strategic themes, clearly presenting the company's unique initiatives.Through this report, we hope to foster a better understanding of JFE Group's approach toward sustainable enhancement of corporate value.

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Title Pages Size
COVER 1 670KB
Contents・Editorial Policy 1 336KB
Value Creation
Value Creation 9 4.5MB
Strategies to Realize Value Creation
Management Strategies 5 487KB
Financial Strategies 2 97KB
Business Strategies 5 724KB
Business Strategies Feature 4 811KB
ESG Feature 6 828KB
Outside Executives Group Interview 3 267KB
Management for Value Creation
ESG Activities 12 619KB
Corporate Data
Corporate Profile / Share Information 3 137KB
Financial Information
Financial Information 30 1.0MB

JFE GROUP REPORT 2019

The JFE GROUP REPORT 2019 (Integrated Report) has been created and published with the aim of having all stakeholders, including shareholders and investors, understand the medium- to long-term value creation narratives within JFE Group.


While providing a consolidated overview of the medium- to long-term growth strategy together with financial information (such as results and management strategies) and non-financial information such as ESG (Environment, Society, and Governance), from this year's report, we have included special feature articles focused on specific strategic themes, clearly presenting the company's unique initiatives. Through this report, we hope to foster a better understanding of JFE Group's approach toward sustainable enhancement of corporate value.

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Title Pages Size
COVER 1 287KB
Contents・Editorial Policy 1 269KB
Value Creation
Value Creation 9 3.2MB
Strategies to Realize Value Creation
Management Strategies 4 302KB
Financial Strategies 2 92KB
Business Strategies 8 2.0MB
Management for Value Creation
ESG Management 20 1.6MB
Corporate Data
Corporate Profile / Share Information 3 135KB
Financial Information
Financial Information 34 706KB

JFE GROUP REPORT 2018

JFE Group has published JFE GROUP REPORT this year for the first time to replace JFE Group TODAY, which had been released annually until last year. This new, integrated report is created and published with the aim of having all stakeholders, including shareholders and investors, understand the medium- to long-term value creation narrative within JFE Group.


JFE GROUP REPORT provides information on JFE Group's value creation process by including a consolidated overview of medium- to long-term growth strategy together with financial information (such as results and management strategies), non-financial information (such as ESG) and the Group's policy, which is “ creating new value through technologies and providing solutions for social and environmental issues with the aim of improving sustainable corporate value.”

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Title Pages Size
COVER 1 499KB
Contents・Editorial Policy 1 172KB
Value Creation
Value Creation 9 3.4MB
Strategies to Realize Value Creation
Management Strategies 9 766KB
Business Strategies 9 2.6MB
Foundations for Value Creation
Environment, Society and Governance (ESG) within JFE Group 14 1.3MB
Corporate Data
Corporate Profile / Share Information 2 238KB
Financial Information
Financial Information 15 622KB

JFE GROUP TODAY 2017

The JFE Group is delighted to present its all-new annual review, JFE GROUP TODAY 2017, an informative look at the Group's past fiscal year in a reader-friendly format supported with abundant photos and graphics. We hope you enjoy the beautiful photo-essays, in-depth interview of the CEO, comprehensive overview of Group activities, and much more.

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Title Pages Size
Corporate Vision & Corporate Values 2 2.9MB
JFE Group Portraits 7 8.9MB
Message from the CEO Eiji Hayashida President and CEO JFE Holdings, Inc. 2 640KB
Challenges for JFE's Future-Achieving Our Fifth Medium-term Business Plan 1 348KB
JFE Steel 4 2.0MB
JFE Engineering 4 4.2MB
JFE Shoji Trade 3 1.8MB
Japan Marine United 1 656KB
Strengthening of Workforce 2 1.3MB
Sustainability Initiatives 1 940KB
Major Financial Group Companies 1 132KB
Group Companies 1 232KB
Management Team 1 1.0MB
Financial Information 16 1.5MB

JFE GROUP TODAY 2016

The JFE Group is delighted to present its all-new annual review, JFE Group TODAY 2016, an informative look at the Group's past fiscal year in a reader-friendly format supported with abundant photos and graphics. We hope you enjoy the beautiful photo-essays, in-depth interview of the CEO, comprehensive overview of Group activities, and much more.

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Title Pages Size
Corporate Vision & Corporate Values 2 452KB
JFE Group Portraits 7 1.4MB
Message from the CEO Eiji Hayashida President and CEO JFE Holdings, Inc. 2 380KB
Special Feature Human Resources Underpin Future of JFE Efforts by the JFE Generation 4 850KB
JFE Group Overview 1 376KB
JFE Steel 2 1MB
JFE Engineering 2 918KB
JFE Shoji Trade 1 1.18MB
Japan Marine United 1 318KB
JFE Group History 1 101KB
Sustainability Initiatives 1 337KB
Major Financial Indicators 1 117KB
Group Companies 1 120KB
Management Team 1 98KB
Financial Information 16 1.3MB

JFE GROUP TODAY 2015

The JFE Group is delighted to present its all-new annual review, JFE Group TODAY 2015, an informative look at the Group's past fiscal year in a reader-friendly format supported with abundant photos and graphics. We hope you enjoy the beautiful photo-essays, in-depth interview of the CEO, comprehensive overview of Group activities, and much more.

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Title Pages Size
Corporate Vision / Corporate Values 2 950KB
JFE Group Portraits 7 3.36MB
To All Stakeholders 3 2.5MB
Special Features GLOBAL SOLUTIONS 3 500KB
JFE Group Overview 1 476KB
JFE Steel 3 1MB
JFE Engineering 2 1.12MB
JFE Shoji Trade 1 376KB
Japan Marine United 1 188KB
Sustainability Initiatives 1 668KB
Corporate Information 1 148KB
Members of the Board, Corporate Officers and Corporate Auditors of JFE Holdings 1 148KB
Financial Information 15 416KB

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