JFE : Presentation Material of Financial Results in First Half of Fiscal Year 2018 ending March 31, 2019

JFE Holdings, Inc.

October 30, 2018

A table of contents

JFE Holdings' Financial Results in First Half of

Fiscal Year 2018 (April 1 to September 30, 2018)

and Financial Forecasts for Fiscal Year 2018

(April 1, 2018 to March 31, 2019)

JFE Steel

JFE Engineering

JFE Shoji

Dividends

This presentation material is for information and discussion purpose only.

Any statements in the presentation which are not historical facts are future projections based on certain assumptions and currently available information. Please note that actual performance may vary significantly due to various factors

Financial Results in First Half of Fiscal Year 2018

(billion yen)

FY2017 1H (Apr-Sep)	FY2018 1H (Apr-Sep)
Net Sales Operating Income (Loss) Non-operating Income (Expenses) Ordinary Income (Loss) Extraordinary Profit Profit (Loss) before Income Taxes Tax Expense and Profit Attributable to Non-controlling Interests Profit (Loss) Attributable to Owners of Parent	1,725.3 96.5 4.9 101.4 19.3 120.7 (33.7) 87.0	1,907.2 116.3 27.1 143.5 － 143.5 （33.0) 110.4

1,725.3	1,907.2	181.9
96.5	116.3	19.8
4.9	27.1	22.2
101.4	143.5	42.1
19.3	－	(19.3)
120.7	143.5	22.8
(33.7)	（33.0)	0.7
87.0	110.4	23.4

Financial Results in First Half of Fiscal Year 2018 (by Segment)

(billion yen)

FY2017 1H (Apr-Sep)	FY2018 1H (Apr-Sep)
Steel Business Engineering Business Trading Business Adjustments Net Sales	1,294.7 160.2 916.2 (645.9)	1,386.6 192.8 1,018.2 (690.4)
	1,725.3	1,907.2
Steel Business Engineering Business Trading Business Adjustments Ordinary Income (Loss)	84.6 2.5 16.2 (2.0)	114.1 6.9 19.1 3.2
	101.4	143.5

1,294.7	1,386.6	91.9
160.2	192.8	32.6
916.2	1,018.2	102.0
(645.9)	(690.4)	(44.5)
1,725.3	1,907.2	181.9
84.6	114.1	29.5
2.5	6.9	4.4
16.2	19.1	2.9
(2.0)	3.2	5.2
101.4	143.5	42.1