Annual Report 2002 [PDF/1.6MB]

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Domestic Steel BusinessSteel is Building Our Dreams For The 21st CenturySteel -- Giving Form To IdeasFor A New CenturySteel can take on a variety of forms, answering theneeds of the times and supporting our everydaylives. Japan's economic revival after World War IIand subsequent rise to advanced nation statuswould not have been possible without asophisticated steel industry. Kawasho Corporationwas established in 1954 as a trading company forKawasaki Steel Corporation, a blast furnace productmanufacturer and exemplary Japanese steel-maker.Since then, Kawasho has sold steel productsmanufactured by Kawasaki Steel Corporation toheavy industry concerns including ship builders, aswell as to the automobile, electrical and otherindustries. Over the years we have also seriouslyexpanded our sales area to other countries whilegrowing as a major professional in the steel business.More than fifty percent of Kawasho's business iswith thick steel plate for ships and bridges, steelsheet for automobiles and home electricalappliances as well as galvanized sheet used toconstruct walls and roofs. In addition, we deal inspecial steel for automobile parts and industrialmachinery, stainless steel, H-steel and steel rods forconstruction and civil engineering, and a wide rangeof steel pipes.Stainless steel sheets manufactured by the Kawasaki Steel Corporationused as roofing material at Kansai International AirportElectrical steel sheet used in generatorsFlexible System of Operations andExtensive NetworkAt one time, Japan used to produce 120 million tonsof steel annually. Now, steel production in thecountry is down to about 100 million tons per year.As a result, companies in the steel industry,particularly blast furnace and electric furnaceoperations, are being forced to integrateenterprises according to product type in an attemptto restructure their businesses. Automakers andconsumer electronics manufacturers are alsobecoming increasingly selective, while tradingcompanies are reassessing and revising theirtraditional roles in light of the current business climate.Kawasho, whose core business is steel, isaddressing the circumstances with flexibility, movingahead through diversification into a wide range ofnew businesses and services. We are developingoperations in each region with time-proven regardfor what is practical from the customer'sstandpoint. Our system of operationscovers eight sectors of the country, namelyHokkaido, Tohoku, Tokyo, Niigata, Shizuoka,Nagoya, Osaka and Kyushu, and comprisesa total of over 200 companies intricatelylinked in the " Kawasho-Kai" network.Large container shipLarge oil-pressureshovel type excavatorSystem kitchenBridge over the Akashi Straight10
Domestic SteelOverseas SteelTerre Armée Civil EngineeringRaw Materials, Fuels & ChemicalsFoodsMachineryElectronicsAerospaceUpstream & DownstreamDevelopment Of Regional BusinessFlexible steel pipes manufactured byKawasaki Steel CorporationSteel industry professional, Kawasho Corporation,exhibits its maximum competence in an operationssystem that provides localized steel processingcenters and diverse customer services.From its inception, Kawasho has sold steel productsin Japan for Kawasaki Steel Corporation. Our steelprocessing centers also deal in various made-toordersteel products. The centers handle three mainproduct categories: thick steel plate, steel sheetand construction/civil engineering materials. Weshall continue to function to the full as a tradingcompany, maintaining and expanding processingcenters as sales bases with physical distribution andwarehousing capabilities that assure timelyresponse to a variety of customer requirements.Slitter line (steel processing center in Shizuoka Prefecture)Automobile bearingsEDI (Electronic Data Interchange)System Enabling Just-In-Time DeliveryWe set up an EDI (Electronic Data Interchange)system that links Kawasaki Steel Corporation withnationwide steel processing centers and servicecenters. This 24-hour information systemincorporates information ranging from transactionsto order receiving, inventory conditions, shippingconditions and distribution procedures, assuringjust-in-time delivery to customers.Drawing on this information network enables us tomake rapid searches of product standards,dimensions and other details, in a system thatperfectly matches customer requirements.Slitter line (steel processing center in Gunma Prefecture)Steel stock center in Chiba PrefectureDynamic, Highly Specialized Sales StaffEscalator in the west terminalbuilding at Tokyo International Airport (Haneda)Thanks to a dynamic, specialized sales staff,Kawasho has gained enormous trust and respectfrom customers, giving us a competitive edge insuch a severe business environment.In line with the same business strategy as KawasakiSteel Corporation, our sales people are workingaround the clock to promote closer communicationwith customers in areas ranging from automobilesand electrical equipment to ship building. Everyeffort is also being made to provide customers withinformation on building materials, while bettermeeting customer needs through activities such assmall lot sales and sales in stores.Steel stock center in Kumamoto PrefectureWashing machine usingstainless steel manufactured byKawasaki Steel CorporationHighly efficient New NTconstruction methodBlanking line (steel processing centerin Okayama Prefecture)11
Page 2 and 3: COMPANY PROFILEOriginally founded i
Page 5 and 6: BUSINESS ENVIRONMENTDuring the year
Page 7 and 8: position as a leading steel trader,
Page 9: REVIEWS OF OPERATIONSDOMESTIC STEEL
Page 13 and 14: Domestic SteelOverseas SteelTerre A
Page 27 and 28: All Domestic Kawasho Offices Acquir
Page 29 and 30: CONSOLIDATED BALANCE SHEETSKawasho
Page 31 and 32: CONSOLIDATED STATEMENTS OF OPERATIO
Page 33 and 34: CONSOLIDATED STATEMENTS OF CASH FLO
Page 35 and 36: NOTES TO CONSOLIDATED FINANCIAL STA
Page 37 and 38: 2. SUMMARY OF SIGNIFICANT ACCOUNTIN
Page 39 and 40: 4. SHORT-TERM BORROWINGS AND LONG-T
Page 41 and 42: 6. ACCRUED RETIREMENT BENEFITSThe f
Page 43 and 44: 10. LEASE TRANSACTIONSFinance lease
Page 45 and 46: 11. DERIVATIVE FINANCIAL INSTRUMENT
Page 47 and 48: 12. SEGMENT INFORMATIONThe Companie
Page 49: JapanThousands of U.S. DollarsOther
Page 52 and 53: IndonesiaMiddle EastNorth AmericaJA
Page 54 and 55: COMPANY DATANameKAWASHO CORPORATION

Annual Report 2002 [PDF/1.6MB]

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