Corporate History:
Nippon Steel is one of the steel makers in the world. The company traces its origin to the merger of Yawata Iron & Steel and Fuji Iron & Steel in 1981. The company has an output of about 33 million tons.Activities:
The business activities of the company can be segmented as: Steelmaking: Nippon Steel is one of the world’s largest steel manufacturers. The company owns nine manufacturing units and one processing unit. The several business divisions include the Plate division, Bar & wire rod division, Structural division, Flat products division, Pipe & tube division, Stainless steel division, Global marketing division and the Technical cooperation division.Engineering and Construction: This division of the company handles projects both in Japan and overseas. Industrial construction, social constructions as well as resources recycling and stable energy supplies are dealt with. Power Supply: The Company operates five facilities in Japan to generate electricity.
Chemicals: Nippon Steel Chemical, the overseeing company of the group, looks into effective chemical manufacture from the by-products available in large volumes from steel production. It also conducts R&D for a vast range of petrochemical products.
Urban Development: The Company aims at effective land utilization so as to facilitate functioning of the real estate division.
Systems Solution services: NS Solutions Corporation looks into system solutions operations of the group.
New Materials and Nonferrous Material business: The group is active in the production of semiconductor materials, electronic parts, fine ceramics, Titanium Products, etc.
Performance:
Nippon Steel is riding the wave of growth as shown by the financial performance of the company over the years. The company achieved net sales worth ¥ 3,906,301 million in 2006.The net income of the company, at ¥ 343,903 million also experienced a growth of around 56%. The comparative performance of the company over the previous financial years is given below:
The total assets of Nippon Steel were valued at ¥ 4,542,766 million in 2006. There has been a steady increase in the valuation of the assets of the company as clearly shown below:
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Organization:
Nippon steel is headed by Mr. Akira Chihara, who is the Chairman and representative director of the company. The company had an employee count of 46,143 in 2006.Contact Details:
Corporate Address: 6-3 Otemachi 2-chome,Chiyoda-ku, Tokyo,
100-8071, Japan
Telephone: +81-3-3242-4111
Fax: +81-3-3275-5607
