Key Data
11-Year Summary(Millions of yen)

(FY)

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

Net sales (consolidated)

221,368

220,653

188,719

194,674

223,301

212,469

211,700

220,153

217,527

198,041

213,790

Operating income

23,911

16,680

8,864

7,517

14,423

12,34020,57824,29018,70910,226

15,460

Profit before income taxes

20,30214,802

9,504(5,523)(22,049)(5,841)

14,892

29,317

14,154

12,96019,736

Profit attributable toowners of parent

12,591

8,281

5,527

(5,327)(16,600)(4,968)

10,712

19,966

9,310

6,893

13,948

Total assets

325,653

303,970

293,139

319,667

293,138

275,315

297,365

305,471

297,173

316,249

339,729

Net assets

128,613

134,368

139,268

138,234

111,340

107,587

118,600

129,827

132,492

141,985

151,083

0.12

0.02

0.00

(0.06)(0.10)(0.07)(0.23)(0.17)(0.18)(0.22)(0.32)

Operating cash flow

32,50723,735

11,54911,58019,721

12,023

26,712

1,092

18,95914,712

22,325Investing cash flow

(18,601)(5,832)(5,719)(2,675)(12,135)(13,580)(5,077)(1,334)(13,172)(3,243)(2,976)

Financing cash flow

(6,846)(15,259)(15,007)(2,964)

4,788(1,203)(2,457)(3,758)(6,164)2,767(2,860)Cash and cash equivalents atend of the period

48,10750,97242,29749,15261,45858,671

77,87973,82074,47788,759105,799

R&D expenses

4,626

4,054

3,836

4,104

4,292

4,237

4,369

4,506

4,708

4,586

4,909

Capital investment

8,256

5,570

5,242

7,992

14,010

9,502

6,436

9,945

10,585

12,592

4,903

Depreciation

19,252

16,061

12,95011,008

10,669

7,858

4,097

4,424

5,733

6,040

6,183

Earnings per share (Yen)

33.93

22.33

14.92(14.39)(45.32)(67.61) 1

145.77271.69126.6693.76

189.63

Dividend per share (Yen)

10.0

10.0

5.0

4.0

5.0

15.02

37.5

55.0

45.0

35.0

57.0

Consolidated dividend
payout ratio (%)

29.5

44.8

33.5

———

25.7

20.2

35.5

37.3

30.1

Operating income ratio (%)

10.8

7.6

4.7

3.9

6.5

5.8

9.7

11.0

8.6

5.2

7.2

ROE (%)

10.2

6.3

4.1

(3.9)

(13.5)

(4.6)

9.6

16.3

7.2

5.1

9.6

ROA (%)

3.8

2.6

1.9

(1.7)

(5.4)

(1.7)

3.7

6.6

3.1

2.2

4.3

Net D/E ratio

1. The Company conducted a 1-for-5 reverse common stock split effective October 1, 2016. Earnings per share for fiscal 2016 is calculated on the assumption that the reverse stock split occurred at start of the fiscal year.
2. The Company conducted a 1-for-5 reverse common stock split effective October 1, 2016. Dividend per share for fiscal 2016 in the table above is the total of the interim dividend of ¥2.5 and the year-end dividend of ¥12.5.
Taking into consideration the effects of the reverse stock split, the interim dividend would have been ¥12.5, resulting in a total annual dividend per share of ¥25.

Key Non-Financial Data
CO2 Emissions

Energy Usage
Scope 1

Fuel

(t-CO2)(TJ)

200,000

4,000

187,184 180,444 185,502

150,000

161,913

Female Employee Ratio (Non-Consolidated)

Scope 2

3,000

8.00

2,940

2,832

2,901

2,664

2,878

7.00

20192020

2021* Terajoule

58 JSW Integrated Report 202237.99

2018

2019

2020

2021

(FY)

1.02

2019

2020

2021(FY)

Note: Including employees seconded away from the Company;
not including employees seconded to the Company.

1.20
0.61

0.340
2018

Outside directors

Ratio of outside directors(Persons)

(%)

33

2017

0
2018

1.21

1.21

0.63 0.79
0.53

0

2019

0.42

0

2020

1.31

63

0.42
0.40
02021

33

38

22

2

2

3

3

7

766Jul.
2018

Jul.
2019

Jul.
2020

Jul.
2021

20
31050(FY)40302290.812017

Inside directors

1227.04

1Composition of the Board of Directors

15
2.42

7.38

6.00

2017

(FY)7.97

6.50

002018

7.79

7.50

1,000

50,000Hiroshima Plant
Yokohama Plant
Manufacturing Industry Average

(%)

2,000

2017

Muroran Plant
Meiki Plant

171,425

100,000

Frequency Rate of Accidents per Million Workhours

Electricity

0Jul.
2022

Note:	Frequency rate of accidents calculated from lost-worktime, serious
and fatal accidents during the fiscal year.
* Meiki Plant merged into The Japan Steel Works, Ltd. in fiscal 2020.
Frequency rate of accidents at the Meiki Plant in fiscal 2020 due tothe occurrence of multiple lost-worktime accidents.
* Manufacturing industry averages are from the survey ofoccupational accident trends (Ministry of Health, Labour andWelfare).
JSW Integrated Report 2022 59

Corporate Data (As of March 31, 2022)

Stock Information (As of March 31, 2022)

Company Information

Stock Status
The Japan Steel Works, Ltd.

Authorized Shares

200,000,000 shares

FoundedNovember 1, 1907

Issued and Outstanding Shares

74,373,265 shares

Incorporated

December 11, 1950

Shareholders

20,593Company Name

Head Office	Gate City Ohsaki-West Tower, 11-1, Osaki 1-chome,
Shinagawa-ku, Tokyo 141-0032, Japan

Major Shareholders

Share Capital¥19,799 million (As of July 22, 2022)

Number of Employees

5,329 (consolidated) 1,767 (non-consolidated)
Shares Held
The Master Trust Bank of Japan, Ltd.
14,990,700(Trust Account)

Nikko Kosan Co., Ltd.
23F, Gate City Ohsaki-West Tower, 11-1, Osaki
1-chome, Shinagawa-ku, Tokyo 141-0032, Japan
Phone: +81-3-5745-2130
Nippla Inc.
6-1, Funakoshi-Minami 1-chome, Aki-ku,Hiroshima-shi, Hiroshima 736-0082, Japan
Phone: +81-82-847-5510

Japan Steel Works M&E, Inc.
4, Chatsucho, Muroran-shi, Hokkaido 051-8505, Japan
Phone: +81-143-22-0143
Nikko Unyu Co., Ltd.
4-1, Chatsucho, Muroran-shi, Hokkaido 051-8505, Japan
Phone: +81-143-22-7923
Nikko Truck Co., Ltd.
4-1, Chatsucho, Muroran-shi, Hokkaido 051-8505, Japan
Phone: +81-143-22-7923
Nikkou Muroran Service Co., Ltd.
4, Chatsucho, Muroran-shi, Hokkaido 051-8505, Japan
Phone: +81-143-24-2553

Sun∙Tectro, Ltd.
6-1, Funakoshi-Minami 1-chome, Aki-ku,
Hiroshima-shi, Hiroshima 736-0082, Japan
Phone: +81-82-824-3881

MNED Co., Ltd.
4, Chatsu-cho, Muroran-shi, Hokkaido 051-8505, Japan
Phone: +81-143-22-0620

Nikko Sekkei Co., Ltd.
6-1, Funakoshi-Minami 1-chome, Aki-ku,
Hiroshima-shi, Hiroshima 736-0082, Japan
Phone: +81-82-822-7653

Muroran Environmental Plant Service, Ltd.
3F, JESCO, 14-7, Nakamachi, Muroran-shi, Hokkaido
050-0087, Japan
Phone: +81-143-22-0005

MG Precision Co., Ltd.
6-1, Funakoshi-Minami 1-chome, Aki-ku,
Hiroshima-shi, Hiroshima 736-0082, Japan
Phone: +81-82-822-1305

Fine Crystal Co., Ltd.
9-1, Chatsucho, Muroran-shi, Hokkaido 051-8505, Japan
Phone: +81-143-22-7401Just Co., Ltd.
2-1, Horikoshi 3-chome, Minami-ku,Hiroshima-shi, Hiroshima 734-0052, Japan
Phone: +81-82-820-0123
Nikko Techno Co., Ltd.
6-1, Funakoshi-Minami 1-chome, Aki-ku,Hiroshima-shi, Hiroshima 736-0082, Japan
Phone: +81-82-822-3232

Muroran Copper Alloy, Co., Ltd.
9-1, Chatsucho, Muroran-shi, Hokkaido 051-0006, Japan
Phone: +81-143-22-0690
JSW Aktina System Co., Ltd.
2-1, Fukuura 2-chome, Kanazawa-ku, Yokohama-shi,Kanagawa 236-0004, Japan
Phone: +81-45-787-8462

3.22%
Foreign Corporations andForeign Individuals

11.12

TAIJU LIFE INSURANCE COMPANY

2,827,600

3.84

Sumitomo Mitsui Banking Corp.

2,200,032

2.99

BBH FOR MATTHEWS ASIA
DIVIDEND FUND

1,945,200

2.64

Sumitomo Mitsui Trust Bank, Ltd.

1,630,400

2.22

Yamato Rebuilt Co., Ltd.
4882-1, Kimagase, Noda-shi, Chiba 270-0222,
Japan
Phone: +81-4-7198-4556

Mitsui Sumitomo Insurance Co., Ltd.

1,564,800

2.13

Mitsubishi Heavy Industries, Ltd.

1,006,200

1.37

Nikko Tokki Co., Ltd.
2908 Shinjuku Mitsui Building, 1-1, Nishishinjuku
2-chome, Shinjuku-ku, Tokyo 163-0429, Japan
Phone: +81-3-5326-8672

JUNIPER

930,700

1.27

Tsukishima Kikai Co., Ltd.

922,900

1.25

Tahara Machinery Ltd.
2-1, Kagurominami, Inzai-shi, Chiba 270-1369,
Japan
Phone: +81-476-21-1991

Note: Shareholding ratios are calculated after deducting 804,074 treasury sharesfrom the total number of shares issued.

(Consolidated subsidiaries)
Nikko Kouki Co., Ltd.
2-1, Fukuura 2-chome, Kanazawa-ku, Yokohama-shi,
Kanagawa 236-0004, Japan
Phone: +81-45-701-7841

Securities Companies

20.38

8,184,500

Domestic
Nikko-YPK Shoji Co., Ltd.
24F, Gate City Ohsaki-West Tower, 11-1, Osaki
1-chome, Shinagawa-ku, Tokyo 141-0032, Japan
Phone: +81-3-5745-2131

Shareholding
Ratio

Custody Bank of Japan, Ltd.
(Trust Account)

Main Group Companies (As of October 1, 2022)

Classification of Shareholders
by Percentage of Shares Held
Individuals
and Others

13.26%

22.30%

FinancialInstitutions

General Companies andOther Corporations

49.71%

11.51%

GM Engineering Co., Ltd.
Shin-Yokohama No.1 Building, 14-27,
Shinyokohama 2-chome, Kohoku-ku, Yokohama-shi,Kanagawa 222-0033, Japan
Phone: +81-45-472-6819

Stock Price and Trading Volume

JSW AFTY Corporation
35-2, Hyoe 2-chome, Hachioji-shi, Tokyo
192-0918, Japan
Phone: +81-42-632-8840(Yen)(Thousand shares)

4,500

600,000(Non-consolidated subsidiary)
Fine Crystal Iwaki Co., Ltd.
2-6, Chubukogyodanchi, Iwaki-shi, Fukushima
972-8338, Japan
Phone: +81-246-68-6858

Stock price

Trading volume

4,000
500,000
3,500
400,000

3,000
2,500

300,000
2,000

Overseas(Consolidated subsidiaries)
S M Platek Co., Ltd.
687-2, Seonggok-dong, Ansan-si, Kyeonggi-do,
Korea
Phone: +82-31-488-3401
Japan Steel Works America, Inc.
1251 Avenue of the Americas, Suite 2390, New
York, NY 10020, U.S.A.
Phone: +1-212-490-2630

60 JSW Integrated Report 2022

1,500200,000(Non-consolidated subsidiaries)
The Japan Steel Works (Singapore) Pte. Ltd.
17 Gul Lane, Singapore 629413
Phone: +65-6861-4511

Japan Steel Works Europe GmbHFriedrichstr.19,40217 Düsseldorf, Germany
Phone: +49-211-3116660

JSW Electromechanical Trading (Shanghai) Co.,Ltd.
304, Metro Plaza, 555 Loushanguan Road,
Changning District, Shanghai, China
Phone: +86-021-5206-7031

Japan Steel Works India Private Limited611 Time Tower, MG Road, Sector 28, Gurgaon,
Haryana 122002, India
Phone: +91-124-469-4444

1,000
100,000
500
00
Apr.
2012

Apr.
2013

Apr.
2014

Apr.
2015

Apr.
2016

Apr.
2017

Apr.
2018

Apr.
2019

Apr.
2020

Apr.
2021

Apr.
2022

Note: T he Company conducted a 1-for-5 reverse common stock split and changed the number of shares per stock unit from 1,000 shares to 100 shares, effective
October 1, 2016. All stock prices and trading volumes in the graph above are shown taking into consideration the effects of the reverse stock split.

JSW Integrated Report 2022 61