Fuji Heavy Industries

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Fuji Heavy Industries
Public KK
Traded as TYO: 7270
OTC Pink: FUJHY
Industry transportation equipment manufacturing
defense
Founded Established 1953-07-15
Headquarters Ebisu, Shibuya, Tokyo, Japan
Key people
Yasuyuki Yoshinaga, President & CEO
Jun Kondo, Vice President
Revenue Decrease ¥1.4 trillion (FY. 2010)
Increase ¥-16.5 billion (FY. 2010)
Owner Toyota Group (16.4%)
Number of employees
15,000
Website Fuji Heavy Industries

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.

It 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.[1] 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.[2] In 1991, FHI started contract-manufacturing Nissan Pulsar(Nissan Sunny in Europe) sedans and hatchbacks.[3]

Currently, FHI employs more than 15,000 people worldwide, operates nine manufacturing plants and sells products in 100 countries. It currently 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.

FHI is 16.16% owned by Toyota.[4]

In 2003, the company adopted the logo of its Subaru division as its worldwide corporate symbol.[5]

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.[6]

Shareholders[edit]

From 1968 until 1999, FHI was 20% owned by Nissan[citation needed], which acquired the stake in 1968 during a period of government-ordered merging of Japanese auto industry firms in order to improve competitiveness against foreign companies under the administration of Prime Minister Eisaku Satō. During their ownership, Nissan was primarily interested in its bus manufacturing division and lent automaking expertise to Subaru. In 1999 General Motors announced to acquire 20% of FHI, including over 4% from Nissan Motor, in order to expand in the fast growing Asia-Pacific market.[7] General Motors announced on October 6, 2005 that it would sell 8.4% of the company to Toyota and dispose of its remaining share.[8]

On April 10, 2008, Toyota increased its stake in FHI to 16.7% and announced the end of FHI minicar production at its facility in Gunma Prefecture. Daihatsu, a subsidiary of Toyota, would instead supply the cars to FHI.[9]

Divisions[edit]

FHI has four main divisions:

The company's four divisions all share their technological advancements with one another, which has made FHI a leader in innovation. In particular, they apply a great deal of their aircraft technology to their automotive division, the most notable example being the horizontally-opposed boxer engines used in all modern Subaru automobiles.

Leadership[edit]

Past presidents

  • 1953–1956 — Kenji Kita
  • 1956–1963 — Takao Yoshida
  • 1963–1970 — Nobuo Yokota
  • 1970–1978 — Eiichi Ohara
  • 1978–1985 — Sadamichi Sasaki
  • 1985–1990 — Toshihiro Tajima
  • 1990–1996 — Isamu Kawai
  • 1996–2001 — Takeshi Tanaka
  • 2001–2006 — Kyoji Takenaka
  • 2006–present — Ikuo Mori

Bus models[edit]

A 5E body with Isuzu Cubic chassis
A 7E body articulated bus with Volvo B10M chassis
A 1M body with Nissan Diesel Space Arrow chassis
  • R13
    • 13
    • 3A/3B/3D/3E
    • R1/R2
  • R14
    • 14
    • 4B/4E
  • R15
    • 5B/5E
    • R1/R2/R3
    • HD1/HD2/HD3
    • Double-decker
  • R16
    • 6B/6E
    • H1
  • R17
    • 7B/7E
    • 7HD
    • 7S
  • R18
    • 8B/8E
  • R21
    • 1M/1S

Aircraft[edit]

JGSDF AH-64D (DJP) attached to the 1st Airborne Brigade January 2012

References[edit]

  1. ^ Former Nissan Executive Will Head Fuji LA Times Jun 29, 1990
  2. ^ For Bankrupt Companies, Happiness Is A Warm Keiretsu by Robert Neff Bloomberg Oct 25 1992
  3. ^ Fuji To Build Nissan Models Chicago Tribune Jan 27 1991
  4. ^ "Toyota buys another chunk of FHI, Subaru". Auto Blog. 27 June 2008. Retrieved 2012-08-19. 
  5. ^ "Fuji Heavy Industries Adopts Subaru's Six-Star Emblem as New Corporate Symbol". Fuji Heavy Industries. 15 July 2003. Retrieved 2008-06-11. 
  6. ^ "Boeing enters pact with Japanese consortium for supply of 777X plane parts". Chicago Chronicle. Retrieved 12 June 2014. 
  7. ^ GM to Buy Stake in Fuji Heavy Industries LA Times Dec 10 1999
  8. ^ Toyota to buy Fuji shares in GM selloff Japan Times, October 6, 2005
  9. ^ Yumiko, Nishitani (11 April 2008). "Japan's Fuji Heavy shares rally on expanded alliance with Toyota group". Thomson Financial News. Retrieved 2008-04-12. 
  10. ^ Polaris and Fuji: A Long History of a Powerful Partnership
  11. ^ http://www.fhi.co.jp/english/outline/section/aero.html
  12. ^ Foreign firms bid for $2 billion chopper deal The Japan Times/Reuters Accessed 10th October 2014

External links[edit]