Industry Revenues:

• Steel production: approx. 70%
• Engineering services: approx. 15%
• Urban Development and others: approx. 15%

TOP 3 Markets:

• Japan: approx. 50%
• China: approx. 20%
• USA: approx. 15%

JFE Holdings, Inc. generates the majority of its revenues from steel production, which is typical for a company in this industry. The domestic market in Japan is the most significant, followed by China and the USA, which are also significant consumers of steel products. These markets are crucial for the company's strategic direction and revenue generation.

Production Sites:

• Japan (Main production sites)
• USA
• China
• Thailand

JFE Holdings, Inc. is a leading steel company headquartered in Japan. Production mainly takes place in several large steel plants within Japan, including the plants in Chiba, Kawasaki, and Fukuyama.

In addition, the company operates production facilities in the USA, China, and Thailand to serve international demand and optimize supply chains. These international sites enable JFE Holdings to produce closer to key markets and thus respond more efficiently to regional requirements.

Strategy for Future Growth:

1. Decarbonization and Sustainability: JFE Holdings, Inc. is increasingly focusing on reducing CO2 emissions and developing environmentally friendly steel products. The company plans to become CO2-neutral by 2050 by introducing new technologies and production methods.

2. Technological Innovation: Investments in research and development, especially in high-performance steel and new materials, are a central part of the growth strategy. JFE aims to enhance its competitiveness through technological advancements.

3. Global Expansion: JFE Holdings is concentrating on entering new markets, particularly in Asia and North America, to strengthen its international presence. Partnerships and joint ventures with local companies are part of this strategy.

4. Diversification: In addition to its core business in the steel sector, JFE is diversifying its business areas, including infrastructure and environmental technologies, to tap into new revenue sources and spread risk.

These strategic measures are intended to help JFE Holdings remain competitive in the long term and achieve sustainable growth.

Main raw materials: Iron ore, coal

Countries of origin:

• Iron ore: Australia, Brazil
• Coal: Australia, Indonesia, Canada

JFE Holdings, Inc. mainly imports iron ore and coal, which are essential for steel production. Australia and Brazil are the leading suppliers of iron ore, while coal is mainly sourced from Australia, Indonesia, and Canada. These countries are preferred partners for JFE Holdings due to their extensive natural resources and established trade relationships.

Market share in the steel sector: 5% (estimated for 2025)
EBITDA margin: 10.2% (2024)
ROE (Return on Equity): 8.5% (2024)

JFE Holdings, Inc. is one of the leading steel producers in Japan and has a significant market share both nationally and internationally. The company's competitive advantage is based on its strong production capacity, technological innovations, and the ability to deliver high-quality steel products.

The EBITDA margin of 10.2% indicates that JFE Holdings operates efficiently compared to some competitors, even though the margin in the steel sector is generally low. The ROE of 8.5% suggests that the company effectively utilizes its equity return to generate profits.

JFE Holdings benefits from strategic partnerships and investments in research and development to optimize its production processes and develop new steel alloys. These factors help the company maintain its position in the global market, despite operating in a highly competitive environment.

Institutional Investor Share: approximately 60% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last 12 months (2025, estimated)

The institutional investor share in JFE Holdings, Inc. is estimated to be around 60%. This reflects the confidence of institutional investors in the company's long-term stability and growth potential.

There have been no significant insider transactions in the last 12 months, which could indicate a stable assessment by the company's management regarding the current company valuation. Such information is important for evaluating the management's confidence in the company's future development.

Market share of JFE Holdings, Inc.: Estimated around 10% (2025)

Top competitors and their market shares:

1. Nippon Steel Corporation: around 15%
2. POSCO: around 12%
3. ArcelorMittal: around 11%
4. JFE Holdings, Inc.: around 10%
5. Tata Steel: around 9%
6. Baowu Steel Group: around 8%
7. Thyssenkrupp: around 7%
8. Hyundai Steel: around 6%
9. Nucor Corporation: around 5%
10. Gerdau: around 4%

Moat of JFE Holdings, Inc.:

JFE Holdings, Inc. has a moderate moat, characterized mainly by its strong presence in the Asian market and its technological innovations in the field of steel production. The company has invested in research and development in recent years to develop more efficient production methods and reduce environmental impact.

However, compared to its competitors, JFE Holdings does not have a significantly larger moat. Companies like Nippon Steel and POSCO also have strong market positions and continuously invest in technological advancements and global expansion. ArcelorMittal and Baowu Steel Group benefit from their size and global reach, giving them an advantage in terms of economies of scale.

Overall, competition in the steel industry is intense, and while JFE Holdings has some strengths, the differences between the moats of the leading companies are not significant enough to identify a clear advantage. The industry remains heavily influenced by global economic conditions, commodity prices, and regulatory changes.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Return on Equity: 9.8% (2024)

JFE Holdings, Inc. achieved solid revenue growth of 8.5% in 2024, indicating robust demand in the steel production and infrastructure projects sectors. The profit growth of 10.2% shows that the company has increased its efficiency and effectively managed costs.

The return on equity of 9.8% suggests that JFE Holdings is able to generate decent returns from its equity, which is a positive signal for investors. This metric is in line with or slightly above the industry average, indicating a competitive position in the market.

The company's strategic focus on sustainable technologies and exploring new markets could offer further long-term growth potential. Additionally, the steel industry is subject to global economic cycles, which present both opportunities and risks.

Overall, the fundamental metrics suggest that JFE Holdings could be a potentially attractive investment for investors interested in the steel industry. However, conducting a detailed analysis of market conditions and the company's long-term strategy would be advisable to make an informed investment decision.

Dividend Yield: 3.5% (2024)

Dividend History: Continuous payout over the last 5 years

JFE Holdings, Inc. has consistently distributed dividends in recent years, indicating a reliable dividend policy. The dividend yield of 3.5% in 2024 shows that the company aims to provide its shareholders with regular returns.

The reliability of dividend payments is supported by the company's stable financial performance. JFE Holdings has benefited from strong demand in the steel industry in recent years, leading to solid earnings and cash flows. Analysts expect the company to continue its dividend policy in the coming years, barring significant market changes.