Native name 富士重工業株式会社 Founded 15 July 1953 Parent organization Toyota | Type Public KK Headquarters Shibuya, Tokyo, Japan | |
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Traded as TYO: 7270
OTC Pink: FUJHY Industry transportation equipment manufacturing
defense Key people Yasuyuki Yoshinaga, President & CEO
Jun Kondo, Vice President Products automobiles, aircraft, industrial engines, garbage trucks Stock price 7270 (TYO) JP¥ 4,349 -81.00 (-1.83%)17 Mar, 3:00 PM GMT+9 - Disclaimer CEO Yasuyuki Yoshinaga (Jun 2012–) Subsidiaries Subaru, Subaru Tecnica International Profiles | ||
Fuji Heavy Industries, Ltd. (富士重工業株式会社, Fuji Jūkōgyō Kabushiki-gaisha), or FHI, is a Japanese multinational corporation and conglomerate primarily involved in aerospace and ground transportation manufacturing, known for its line of Subaru automobiles. FHI's aerospace division serves as a defense contractor to the Japanese government, manufacturing Boeing and Lockheed Martin helicopters and airplanes under license along with being a global development and manufacturing partner to both companies.
Contents
History
Fuji Heavy Industries traces its roots to the Nakajima Aircraft Company, a leading supplier of airplanes to the Japanese government during World War II. At the end of World War II, Nakajima was broken up by the Allied Occupation government under keiretsu legislation, and by 1950 part of the separated operation was already known as Fuji Heavy Industries.
FHI was incorporated on July 15, 1953 when five Japanese companies, known as Fuji Kogyo, Fuji Jidosha Kogyo, Omiya Fuji Kogyo, Utsunomiya Sharyo and Tokyo Fuji Sangyo, joined to form one of Japan's largest manufacturers of transportation equipment.
By late 1980s, the company was a major supplier of military, aerospace and railroad equipment in Japan, but 80% of its sales came from automobiles. Sales in 1989 fell 15% to US$4.3 billion. In 1990, the company faced a loss of over US$500 million. Industrial Bank of Japan Ltd., the main bank of the company, asked Nissan Motor which owned 4.2% of the company to step in. Nissan sent, Isamu Kawai, the president of Nissan Diesel Motor Co., to take charge of FHI. In 1991, FHI started contract-manufacturing Nissan Pulsar (Nissan Sunny in Europe) sedans and hatchbacks.
Currently, FHI makes Subaru brand cars, and its aerospace division makes parts for Boeing, helicopters for the Japanese Self Defense Force, Raytheon Hawker, and Eclipse Aviation business jets.
In 2003, the company adopted the logo of its Subaru division as its worldwide corporate symbol.
On October 5, 2005 Toyota Motor Corporation purchased 8.7% of FHI shares from General Motors, which had owned 20.1% since 1999. GM later divested its remaining 11.4% stake on the open market to sever all ties with FHI. FHI previously stated there might have been 27 million shares (3.4%) acquired before the start of trading by an unknown party on October 6, 2005, and speculation suggested a bank or perhaps another automaker was involved. After the purchase, Toyota announced a contract with Subaru on March 13, 2006 to use the underutilized Subaru manufacturing facility in Lafayette, Indiana, USA as well as plans to hire up to 1,000 workers and set aside an assembly line for the Camry, beginning in the second quarter of 2007.
In June 2014, the company entered into a contract with Boeing, as one of five major Japanese companies contracted, to build parts for Boeing's 777X aircraft.
In May 2016, Fuji Heavy Industries announced that it would change its name to Subaru Corporation pending approval by its shareholders, with the change planned to go into effect in April 2017.
Divisions
FHI has four main divisions:
Leadership
Past presidents