Key Data
11-Year Summary(Millions of yen)

(FY)

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

Net sales (consolidated)

220,653

188,719

194,674

223,301

212,469

211,700

220,153

217,527

198,041

213,790

238,721

Operating income

16,680

8,864

7,517

14,423

12,34020,57824,29018,70910,226

15,46013,846

Profit before income taxes

14,802

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

14,892

29,317

14,154

12,96019,736

18,518

Profit attributable to ownersof parent

8,281

5,527

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

10,712

19,9669,310

6,89313,948

11,974

Total assets

303,970

293,139

319,667

293,138

275,315

297,365

305,471

297,173

316,249

339,729

348,358

Net assets

134,368

139,268

138,234

111,340

107,587

118,600

129,827

132,492

141,985

151,083

160,636

0.02

0.00

(0.06)(0.10)(0.07)(0.23)(0.17)(0.18)(0.22)(0.32)(0.28)

Operating cash flow

23,735

11,54911,58019,721

12,023

26,712

1,092

18,95914,712

22,325(986)

Investing cash flow

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

947

Financing cash flow

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

4,788(1,203)(2,457)(3,758)(6,164)2,767(2,860)(20,112)

Cash and cash equivalents
at end of the period

50,97242,29749,15261,45858,671

77,87973,82074,47788,759105,799

86,400R&D expenses

4,054

3,836

4,104

4,292

4,237

4,369

4,506

4,708

4,586

4,909

5,020

Capital investment

5,570

5,242

7,992

14,010

9,502

6,436

9,945

10,585

12,592

4,903

7,346

Depreciation

16,061

12,95011,008

10,669

7,858

4,097

4,424

5,733

6,040

6,183

6,572

Earnings per share (Yen)

22.33

14.92(14.39)(45.32)(67.61) 1

145.77271.69126.6693.76

189.63162.75

Dividend per share (Yen)

10.0

5.0

4.0

5.0

15.02

37.5

55.0

45.0

35.0

57.0

58.0

Consolidated dividend
payout ratio (%)

44.8

33.5

———

25.7

20.2

35.5

37.3

30.1

35.6

Operating income ratio (%)

7.6

4.7

3.9

6.5

5.8

9.7

11.0

8.6

5.2

7.2

5.8

ROE (%)

6.3

4.1

(3.9)

(13.5)

(4.6)

9.6

16.3

7.2

5.1

9.6

7.8

ROA (%)

2.6

1.9

(1.7)

(5.4)

(1.7)

3.7

6.6

3.1

2.2

4.3

3.5

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

Female Employee Ratio (Non-Consolidated)

Scope 2

FuelFrequency Rate of Accidents per Million Workhours1
Domestic Group companies2,3Electricity

Composition of the Board of Directors
Inside directors

TargetOutside directors

Ratio of outside directors

Manufacturing Industry Average4(t-CO2)(TJ)

200,000 192,630
188,551

4,000
161,972 162,229

150,000

148,425

(%)

3,000

2,840

2,803

2,682

2,890

8.00

2,728

100,000

2,000

7.50

50,000

1,000

7.00

7.79

7.97

7.99

0
2018

2019

2020

2021

2022

1.2

* Terajoule

60 JSW Integrated Report 2023

2019

2020

2021

2022

(FY)

1.21

1.31

1.25

0.3

2019

2020

2021

2022

(FY)

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

33

33

23

3

76

6

9
0.66
0.46

60.51

0.41

0.41

0.41

2020

2021

2022

338(FY)504030223

455002018

44

120.9

7.38

6.50
2018(FY)

151.5

8.16

0.60(%)(Persons)

8.50

20100

Jul. 2019 Jul. 2020 Jul. 2021 Jul. 2022 Jul. 2023

1. Frequency rate of accidents calculated from lost-worktime,
serious and fatal accidents during the fiscal year.
2. Including partner companies on Company premises
3. Excluding certain Group companies
4. Manufacturing industry averages are from the surveyof occupational accident trends (Ministry of Health,Labour and Welfare).
JSW Integrated Report 2023 61

Corporate Data (As of March 31, 2023)

Stock Information (As of March 31, 2023)

Company Information

Stock Status
The Japan Steel Works, Ltd.

Authorized Shares

200,000,000 shares

FoundedNovember 1, 1907

Issued and Outstanding Shares

74,387,779 shares

Incorporated

December 11, 1950

Shareholders

24,118Company Name

Head Office	Gate City Ohsaki-West Tower, 11-1, Osaki 1-chome,Shinagawa-ku, Tokyo 141-0032, Japan
Share Capital¥19,799 million (As of March 31, 2023)

Number of Employees

4,966 (consolidated)
1,758 (non-consolidated)

Major Shareholders
The Master Trust Bank of Japan, Ltd.
(Trust Account)

Main Group Companies (As of March 31, 2023)
Domestic
Consolidated subsidiaries
Nikko-YPK Shoji Co., Ltd.
10F, Gate City Ohsaki-West Tower, 11-1, Osaki
1-chome, Shinagawa-ku, Tokyo 141-0032, Japan
Phone: +81-3-5745-2131
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
Nikko Tokki Co., Ltd.
1005 Gate City Ohsaki-West Tower, 11-1, Osaki
1-chome, Shinagawa-ku, Tokyo 141-0032, Japan
Phone: +81-3-5745-2093
Nikko Sekkei Co., Ltd.
6-1, Funakoshi-Minami 1-chome, Aki-ku,Hiroshima-shi, Hiroshima 736-0082, Japan
Phone: +81-82-822-7653
Nikko Techno Co., Ltd.
6-1, Funakoshi-Minami 1-chome, Aki-ku,Hiroshima-shi, Hiroshima 736-0082, Japan
Phone: +81-82-822-3232
Nippla Inc.
6-1, Funakoshi-Minami 1-chome, Aki-ku,Hiroshima-shi, Hiroshima 736-0082, Japan
Phone: +81-82-847-5510
MG Precision Co., Ltd.
6-1, Funakoshi-Minami 1-chome, Aki-ku,Hiroshima-shi, Hiroshima 736-0082, Japan
Phone: +81-82-822-1305
Sun∙Tectro, Ltd.
6-1, Funakoshi-Minami 1-chome, Aki-ku,Hiroshima-shi, Hiroshima 736-0082, Japan
Phone: +81-82-824-3881

Shares Held

Shareholding
Ratio

13,603,400

18.49

3.14%
Foreign Corporations andForeign Individuals

Custody Bank of Japan, Ltd.
(Trust Account)

9,302,900

12.64

TAIJU LIFE INSURANCE COMPANY

2,827,600

3.84

BNY GCM CLIENT ACCOUNT JPRD
AC ISG (FE-AC)

2,741,170

3.73

Sumitomo Mitsui Banking Corp.

2,200,032

2.99

Sumitomo Mitsui Trust Bank, Ltd.

1,630,400

2.22

Mitsui Sumitomo Insurance Co., Ltd.

1,564,800

2.13

STATE STREET BANK AND TRUSTCOMPANY 505012

1,314,769

1.79

JUNIPER

1,127,200

1.53

Mitsubishi Heavy Industries, Ltd.

1,006,200

1.37

Just Co., Ltd.
2-1, Horikoshi 3-chome, Minami-ku,
Hiroshima-shi, Hiroshima 734-0052, Japan
Phone: +81-82-820-0123

Fine Crystal Co., Ltd.
9-1, Chatsucho, Muroran-shi, Hokkaido 051-8505,
Japan
Phone: +81-143-22-7401

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

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

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

Japan Steel Works M&E, Inc.
4, Chatsucho, Muroran-shi, Hokkaido 051-8505, Japan
Phone: +81-143-22-0143

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

Note: Shareholding ratios are calculated after deducting 804,399 treasury sharesfrom the total number of shares issued.

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

Stock Price and Trading Volume

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
MNED Co., Ltd.
4, Chatsu-cho, Muroran-shi, Hokkaido 051-8505, Japan
Phone: +81-143-22-0620
Muroran Environmental Plant Service, Ltd.
3F, JESCO, 14-7, Nakamachi, Muroran-shi, Hokkaido
050-0087, Japan
Phone: +81-143-22-0005

Classification of Shareholders
by Percentage of Shares Held
Securities Companies
Individuals
and Others

15.03%

22.47%

Financial
Institutions

General Companies andOther Corporations

47.61%

11.75%

Non-consolidated subsidiary

Stock priceFine Crystal Iwaki Co., Ltd.
2-6, Chubukogyodanchi, Iwaki-shi, Fukushima
972-8338, Japan
Phone: +81-246-68-6858(Yen)(Thousand shares)

4,500

600,000

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

Trading volume

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

3,000
2,500

300,000
2,000

Overseas
Consolidated subsidiaries
SM 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, NewYork, NY 10020, U.S.A.
Phone: +1-212-490-2630

62 JSW Integrated Report 2023

1,500
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 Limited
611 Time Tower, MG Road, Sector 28, Gurgaon,
Haryana 122002, India
Phone: +91-124-469-4444

200,000

1,000
100,000
50000Apr.
2013

Apr.
2014

Apr.
2015

Apr.
2016

Apr.
2017

Apr.
2018

Apr.
2019

Apr.
2020

Apr.
2021

Apr.
2022

Apr.
2023

Note: The 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 2023 63