JFE Steel Corporation announced today that together with Deloitte Tohmatsu Cyber LLC (DTCY) it has established, effective immediately, a cybersecurity joint company named JFE Cyber Security & Solutions, LTD. in which JFE Steel is expected to hold 90% and DTCY 10% (pending forthcoming share transfer).

Over many years, the JFE Group has accumulated a wide range of information assets, including technologies, know-how and data, which it is now combining with advanced technologies such as AI, IoT and data science to create new value. However, given the increasing importance of information assets, the JFE Group is placing greater emphasis on security measures needed to combat potential cyberattacks and other such risks.

To address such issues, the new company will use DTCY’s cutting-edge security services and expertise in human resources development to acquire and develop security personnel and improve security monitoring and other systems within the JFE Group, and also to strengthen security throughout the Group's supply chain comprising approximately 300 companies.

JFE Steel is pursuing digital transformation (DX) strategies to develop solutions for key issues facing modern society. Going forward, the company plans to develop products, systems and services supported by robust security measures to advance DX initiatives aimed at realizing a more sustainable world.

Overview of JFE Cyber Security & Solutions, LTD.

Address: Hibiya Kokusai Building, 2-2-3 Uchisaiwai-cho, Chiyoda-ku, Tokyo 100-0011
Ownership (planned): JFE Steel (90%) and DTCY (10%)
Capital: 100 million yen
Establishment: April 1, 2024
President: Ken Sakata
Business: Cybersecurity management services for the JFE Group

About JFE Steel Corporation

JFE Steel Corporation, one of the world’s leading integrated steel producers, was established through the consolidation of NKK Corporation and Kawasaki Steel Corporation in 2003. The company operates several steelworks in Japan and numerous branch offices and affiliates throughout the world. JFE Steel leverages world-class technologies and know-how to produce a wide range of products based on its “Only One, Number One” strategy of focusing on unique and best-in-class products. The company reported consolidated sales of 2,255 billion yen and consolidated crude steel output of 23.96 million tons in the fiscal year ended March 2021.

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