Krosaki Harima Corporation
Krosaki Harima
Krosaki Harima Corporation is Japans largest refractory manufacturer and a global leader in integrated furnace engineering, headquartered in Kitakyushu, Fukuoka, Japan. Founded in 1918, the company is a major consolidated subsidiary of Nippon Steel Corporation, Japans largest steelmaker. Krosaki Harima operates 20+ production sites across Japan, India, and Southeast Asia, employing approximately 7,800 people with estimated annual revenue of ~¥170 billion. The company is renowned for its end-to-end Furnace Business model — combining refractory manufacturing, engineering design, construction, and lifecycle maintenance for blast furnaces, coke ovens, and steel ladles. Its Indian subsidiary TRL Krosaki is the countrys largest refractory producer, strategically positioned in the worlds fastest-growing steel market.
Strengths: Deep integration with Nippon Steel providing captive demand, co-development funding, and real-world testing at scale for next-generation refractories; dominant Indian market position through TRL Krosaki, capturing growth in the worlds only major steel market still expanding double-digits; total furnace engineering capability spanning design, refractory supply, installation automation (robotics), and predictive maintenance — creating high-value, bundled service contracts; advanced R&D in hydrogen-compatible refractories for H₂-based direct reduced iron (DRI) and hydrogen blast furnace injection; strong balance sheet backed by Nippon Steels ¥7 trillion market capitalization and AAA credit rating.
Weaknesses: Heavy dependence on Japanese domestic steel production, which faces secular decline due to demographic headwinds and regional overcapacity; pending full acquisition by Nippon Steel (TOB) may reduce strategic autonomy and independent innovation agility; limited brand recognition outside Asia-Pacific compared to European rivals RHI Magnesita and Vesuvius, constraining growth in Americas and European markets.Read MoreShow Less
Strengths: Deep integration with Nippon Steel providing captive demand, co-development funding, and real-world testing at scale for next-generation refractories; dominant Indian market position through TRL Krosaki, capturing growth in the worlds only major steel market still expanding double-digits; total furnace engineering capability spanning design, refractory supply, installation automation (robotics), and predictive maintenance — creating high-value, bundled service contracts; advanced R&D in hydrogen-compatible refractories for H₂-based direct reduced iron (DRI) and hydrogen blast furnace injection; strong balance sheet backed by Nippon Steels ¥7 trillion market capitalization and AAA credit rating.
Weaknesses: Heavy dependence on Japanese domestic steel production, which faces secular decline due to demographic headwinds and regional overcapacity; pending full acquisition by Nippon Steel (TOB) may reduce strategic autonomy and independent innovation agility; limited brand recognition outside Asia-Pacific compared to European rivals RHI Magnesita and Vesuvius, constraining growth in Americas and European markets.
Listed market data
5352 · TSE · weeklyHistory →- Market cap
- $880 M
- Share price
- ≈ USD 26.24
- 1Y change
- -4.3%
- Recent change
- —
- Since first close
- —
- Revenue (TTM)
- $1.2 B
Ownership & Control
Latest available filings- Controlling entity
- Publicly held — no controlling shareholder disclosed
- Company type
- Brand & Manufacturer
- Insiders
- —
- Institutions
- —
- Free float
- —
Percentages are of total shares outstanding, aggregated from 13F-style filings via Yahoo Finance. Institutional figures reflect US-filed positions and may undercount owners filing elsewhere. No figure is shown where none is disclosed.
In the press
All coverage →5 latest headlines1- CCI Clears Nippon Steel's Acquisition Of Remaining Stake In Krosaki Harima - Live Lawwww.livelaw.in2026-01-07
- Nippon Steel gains full ownership of Krosaki Harima following Indian regulatory approval - Yieh Corp.yieh.com2026-01-07
- Raghav Productivity Enhancers Ltd and TRL Krosaki announce strategic JV to set up a 350,000 MTPA silica ramming mass plant in Odisha - TheWire.inm.thewire.in2026-09-08
- CCI okays Nippon Steel's proposal to acquire 53.4% stake in Krosaki Harima Corp - The Economic Timesm.economictimes.com2026-01-06
- Raghav Productivity Enhancers and TRL Krosaki Form JV for 350,000 MTPA Odisha Plant - Machine Makerthemachinemaker.com2026-09-24
• Magnesia-carbon bricks for converters, EAFs, and steel ladles
• Alumina-magnesia-carbon bricks for ladle slag lines
• Blast furnace trough castables and ramming mixes
• Slide gate systems and submerged entry nozzles for continuous casting
Industrial Furnace Engineering — Total Solutions
• Coke oven silica bricks and hot repair technology
• Blast furnace lining design and relining turnkey services
• Hot metal torpedo car lining and maintenance systems
• Robotic automated refractory installation and gunning equipment
Cement & Lime Refractories — Diversified Segment
• Basic bricks for cement rotary kiln burning zones
• High-alumina bricks for kiln preheater and cooler zones
• Monolithic castables for cement kiln inlet chambers and tertiary air ducts
Quick Facts
Headquarters
Kitakyushu, Fukuoka, Japan
Founded
1918
Employees
~7,800
Revenue
~¥170 B (FY2025 estimated)
Market cap
$880 M
Factories
20+ production sites in Japan, India (TRL Krosaki), China, and Southeast Asia
Presence
Japan, India, China, Southeast Asia — steel, cement, glass, and non-ferrous metals
Listing
TSE: 5352 (Nippon Steel subsidiary)
Categories
11 categories · scroll for more
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Data Sources & Methodology
This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.
VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.
Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.
Key references: Official Website TSE: 5352 (Nippon Steel subsidiary) , Wikipedia: Krosaki Harima Corporation
Official Website (Krosaki Harima)
Reuters Financial Profile (5354.T)
MarketScreener Stock Profile