5411
JFE Holdings,Inc.
JFEホールディングス株式会社
Basic Materials · Steel
JFE Holdings, Inc., through its subsidiaries, engages in steel, engineering, and trading businesses in Japan and internationally. It operates through the Steel, Engineering, and Trading segments. The Steel segment produces and sells various steel products, processed steel products, and raw materials, as well as transportation, facility maintenance, and construction services. Its Engineering segment is involved in engineering activities for steel structures, industrial machines, energy and environment, recycling, and electricity retailing sectors. The Trading segment purchases, processes, and distributes steel products, raw materials for steelmaking, nonferrous metal, food, and other products. The company was incorporated in 2002 and is headquartered in Chiyoda, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥4,859.6B
¥5,174.6B
¥5,268.8B
¥4,365.1B
Cost of Sales
¥4,326.6B
¥4,518.4B
¥4,659.4B
¥3,694.7B
Gross Profit
¥533.1B
¥656.2B
¥609.4B
¥670.5B
SG&A
¥409.4B
¥408.7B
¥392.4B
¥360.4B
Operating Income
¥165.1B
¥287.0B
¥225.1B
¥400.2B
Non-Operating Income
¥5.7B
¥5.0B
¥3.7B
¥1.5B
Non-Operating Expenses
¥26.5B
¥23.7B
¥18.5B
¥13.2B
Pre-tax Income
¥144.3B
¥268.4B
¥210.3B
¥388.5B
Net Income (owners)
¥91.9B
¥197.4B
¥162.6B
¥288.1B
Minority Interest
¥1.4B
¥3.5B
¥4.1B
¥1.7B
Comprehensive Income
¥137.7B
¥288.6B
¥203.8B
¥355.2B
EBITDA
¥422.7B
¥561.1B
¥494.7B
¥652.5B
EPS
¥144.43
¥323.33
¥280.68
¥500.28
Shares Outstanding
636.7M
636.3M
581.3M
576.2M
Shares Issued (total)
639.4M
639.4M
614.4M
614.4M
Treasury Shares
2.8M
3.1M
33.1M
38.2M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
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Total Assets
¥5,647.6B
¥5,755.0B
¥5,524.0B
¥5,287.9B
Current Assets
¥2,368.8B
¥2,627.0B
¥2,558.6B
¥2,392.6B
Cash & Deposits
¥172.8B
¥243.1B
¥119.4B
¥101.8B
Non-Current Assets
¥3,278.9B
¥3,127.9B
¥2,965.4B
¥2,895.3B
PP&E
¥1,964.0B
¥1,948.2B
¥1,891.1B
¥1,850.8B
Goodwill
¥34.0B
¥15.4B
¥14.9B
¥8.2B
Intangible Assets
¥201.0B
¥140.6B
¥126.9B
¥108.5B
Deferred Tax Assets
¥56.4B
¥56.2B
¥74.7B
¥60.4B
Total Liabilities
¥3,060.8B
¥3,216.4B
¥3,330.6B
¥3,217.2B
Current Liabilities
¥1,473.7B
¥1,620.2B
¥1,661.8B
¥1,493.8B
Non-Current Liabilities
¥1,587.1B
¥1,596.2B
¥1,668.8B
¥1,723.3B
Deferred Tax Liab.
¥15.4B
¥6.0B
¥5.5B
¥12.1B
Total Equity
¥2,586.9B
¥2,538.5B
¥2,193.4B
¥2,070.7B
Capital Surplus
¥579.5B
¥587.3B
¥640.5B
¥652.2B
Retained Earnings
¥1,608.0B
¥1,570.0B
¥1,397.7B
¥1,294.9B
Treasury Stock
¥-13.7B
¥-14.9B
¥-156.4B
¥-180.6B
AOCI
¥184.5B
¥150.5B
¥91.3B
¥74.6B
Equity (owners)
¥2,529.6B
¥2,464.1B
¥2,120.3B
¥1,988.3B
Minority Interests
¥57.3B
¥74.4B
¥73.1B
¥82.5B
Net Cash ⓘ
¥172.8B
¥243.1B
¥119.4B
¥101.8B
NCAV ⓘ
¥-692.0B
¥-589.4B
¥-772.0B
¥-824.5B
NCAV/Share
¥-1,087
¥-926
¥-1,328
¥-1,431
BV/Share
¥3,973
¥3,873
¥3,648
¥3,451
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥379.0B
¥479.0B
¥395.8B
¥298.7B
D&A
¥257.6B
¥274.1B
¥269.6B
¥252.3B
Investing CF
¥-283.2B
¥-325.3B
¥-274.3B
¥-288.0B
Financing CF
¥-157.4B
¥-45.5B
¥-110.2B
¥-57.4B
Free Cash Flow
¥379.0B
¥479.0B
¥395.8B
¥298.7B
Net Change in Cash
¥-70.2B
¥122.2B
¥19.2B
¥-40.6B
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
3.6%
8.3%
7.6%
13.9%
ROA
1.6%
3.5%
3.0%
5.4%
EPS
¥144.43
¥323.33
¥280.68
¥500.28
DPS
¥100.00
¥100.00
¥80.00
¥140.00
FCF/Share
¥595
¥753
¥681
¥518
NCAV/Share
¥-1,087
¥-926
¥-1,328
¥-1,431
Payout Ratio
69.2%
30.9%
28.5%
28.0%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 12
Date Activist Stake Event Flag Demands Source
2026-05-22
Mizuho Bank, Ltd.
4.85%
-0.3%
change
Passive
—
2026-05-21
Nomura Securities Co.,Ltd.
6.58%
+0.54%
change
Passive
—
2026-03-17
Nomura Securities Co.,Ltd.
6.04%
-0.72%
change
Passive
—
2026-02-03
Nomura Securities Co.,Ltd.
6.76%
+0.08%
change
Passive
—
2025-12-04
Nomura Securities Co.,Ltd.
6.68%
+0.49%
change
Passive
—
2024-12-04
Nomura Securities Co.,Ltd.
6.19%
+0.08%
change
Passive
—
2024-11-20
Nomura Securities Co.,Ltd.
6.11%
+0.72%
change
Passive
—
2024-08-22
Mizuho Bank, Ltd.
5.15%
+0.91%
initial_5pct
Passive
—
2023-12-05
BlackRock Japan Co., Ltd.
6.7%
change
Passive
—
2023-10-06
Nomura Securities Co.,Ltd.
5.39%
+0.2%
change
Passive
—
2023-09-22
Nomura Securities Co.,Ltd.
5.19%
initial_5pct
Passive
—
2023-06-22
Mizuho Bank, Ltd.
4.24%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
94,447
14.83%
2
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
34,379
5.40%
3
Nippon Life Insurance
日本生命保険相互会社
15,855
2.49%
4
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505325(常任代理人 株式会社みずほ銀行決済営業部)
15,786
2.48%
5
JFE Employee Stock Ownership Plan
JFE従業員持株会
13,979
2.19%
6
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234(常任代理人 株式会社みずほ銀行決済営業部)
13,104
2.06%
7
JFE Business Partner Stock Ownership Plan
JFE取引先持株会
10,125
1.59%
8
Mizuho Bank
株式会社みずほ銀行
9,776
1.54%
9
野村信託銀行株式会社(投信口)
8,812
1.38%
10
Dai-ichi Life Insurance
第一生命保険株式会社
7,679
1.21%
Domestic Nominees
20.2%
-0.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.5%
+1.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
10.4%
-0.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
14.99%
13.84%
14.83%
+0.99%
Japan Custody Bank
日本カストディ銀行
6.26%
6.48%
5.40%
-1.08%
State Street
1.67%
1.96%
4.54%
+2.58%
Nippon Life Insurance
日本生命保険
2.73%
2.49%
2.49%
JFE Employee Stock Ownership Plan
JFE従業員持株会
2.11%
2.06%
2.19%
+0.13%
JFE Business Partner Stock Ownership Plan
JFE取引先持株会
1.63%
1.51%
1.59%
+0.08%
Mizuho Bank
みずほ銀行
2.09%
1.54%
1.54%
野村信託銀行株式会社(投信口)
NEW ENTRY
—
—
—
1.38%
NEW
Dai-ichi Life Insurance
第一生命保険
2.26%
1.21%
1.21%
JPモルガン証券
last seen 2024
Exited Top 10
—
1.96%
—
JP Morgan
last seen 2024
Exited Top 10
—
1.27%
—
Morgan Stanley
last seen 2023
Exited Top 10
1.26%
—
—
東京海上日動火災保険
last seen 2023
Exited Top 10
1.21%
—
—
Concentration (HHI)
ⓘ
294
259
289
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved