Company Name JFE FERRITE CORPORATION Date Established September 1,1993 / October 1, 2005 (Reorganization) Capitalization ¥100 million Shareholder JFE CHEMICAL CORPORATION Place of Business Head Office/  Sales Office JFE Kuramae Building 6F, 2-17-4, Kuramae, Taito-Ku, Tokyo 111-0051, Japan TEL.03 (3863) 7951 / FAX.03 (3863) 7112 Kurashiki Factory 1 Mizushima Kawasaki-dori Kurashiki, Okayama 712-8074, Japan TEL.086 (447) 4212 / FAX.086 (447) 4214 Management President &Director : Kazuhiko OKITA Director : Yoshitoshi IKEDA Director : Shigeru TAKANO Auditor : Yukio TOKUCHI Number of employees  76 (as of October, 2005) Lines of business Manufacture and sale of soft ferrite. Items of business MnZn ferrite/ For switching power supplies, transformer (low power loss material) For EMC =Electromagnetic compatibility (high /! material) Bobbin, etc. Related banks The MIZUHO Bank, The Hyakujushi Bank, The Tokyo-Mitsubishi Bank Cystiners / Suppliers Customers : Major electrical manufacturers, Electrical parts maker Raw material supplier : JFE CHEMICAL CORPORATION Chronology Feb. 1986 Established as Nihon Ugimag Corp. on basis of joint venture agreement between KAWASAKI STEEL CORP. and Aimants Ugimag S.A. (France) with capitalization of ¥ 200 million. Oct. 1986  Start of construction of hard ferrite production facility in Chosei-gun Chonan-machi, chiba. Dec. 1987 Start of hard ferrite production. Sep. 1988 Joint venture agreement with Aimants Ugimag S.A.terminated ; Nihon Ugimag becomes 100010 owned by members of KAWASAKI STEEL GROUP. Jul. 1989 Company name changed to KAWATETSU MAGNEX CORP. Oct. 1989 Start of construction of soft ferrite production facility at KAWASAKI STEEL Mizushima works, Kurashiki, Okayama. Oct. 1990 Start of Soft ferrite production. (Capacity, 70 tons) Oct. 1991 Plant expansion. Started up new sintering-furnace (No. 3) . Capacity increased to 130 tons. Jul. 1993 Withdrew from hard ferrite business. Sep. 1993 Established KAWATETSU FERRITE CORP. with capitalization of ¥ 10 million. Dec. 1993 Inherited soft ferrite marketing and manufacturing operations from KAWATETSU MAGNEX CORP. Capital increase to ¥ 300 million. Apr. 1994 Plant expansion. Started up new furnace (No. 4) . Capacity increased to 220 tons. May. 1994 Capital increased to ¥490 million. Jan. 1996 Capacity increased to 255 tons, by equipment improvements. Aug. 1996 Established KAWATETSU FERRITE (HONG KONG) LIMITED. Oct. 1996 Capital increased to ¥ 994 million. Oct. 1996 Established KAWATETSU FERRITE (THAILAND) CO., LTD. Mar. 1997 Certified IS09001 (Registration No.0208) . Dec. 1997 Start of production of KAWATETSU FERRITE (THAILAND) CO., LTD. Oct. 1999 Merger of Saikai Industry Co. Capital increased to ¥1,224 million. Nov. 1999  purchase operation of Nissho-Giken Co. Oct. 2000 Capital increased to ¥1,300 million. Apr. 2002 Start of production of SHENZHEN FACTORY Apr. 2003 Merger of IROX-NKK CO., LTD. May. 2004 Start of production of JFE JIANGMEN in China. Close SHENZHEN FACTORY Oct. 2005 Start of new JFE Ferrite Corp. Capital 100milion yen.