Fuji Heavy Industries
|Traded as||TYO: 7270
OTC Pink: FUJHY
|Industry||transportation equipment manufacturing
|Headquarters||Ebisu, Shibuya, Tokyo, Japan|
|Yasuyuki Yoshinaga, President & CEO
Jun Kondo, Vice President
|Products||Subaru automobiles, aircraft, industrial engines, garbage trucks|
|Owner||Toyota Motor (16.48%)
The Master Trust Bank of Japan (5.40%)
Japan Trustee Services Bank (4.38%)
Mizuho Bank, Ltd. (2.05%)
Suzuki Motor Corporation (1.75%)
Sompo Japan Nipponkoa Insurance Inc. (1.55%)
FHI's Client Stock Ownership (1.40%)
Toyota Marine & Nichido Fire Insurance Co., Ltd. (1.32%)
|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.
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.
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.
FHI has four main divisions:
- The automobile division, Subaru.
- The aerospace division is a contractor for the Japan Defense Agency and markets and sells both commercial and defense-related aircraft, helicopters and target drones. This division used to build the Fuji FA200 Aero Subaru and is currently participating in the Airbus A380, Boeing 777, Boeing 787, Hawker 4000 and Eclipse 500 programs, and supplies parts for Boeing 737, Boeing 747 and Boeing 767.
- The Subaru Industrial Power Products division manufactures and sells commercial engines, pumps and generators which were formerly under the Subaru-Robin and Robin brands. Fuji's industrial products division, began manufacturing "Star" engines for Polaris Industries snowmobiles in 1968 but the cooperation ended in 1998 when Polaris Industries started to build their own brand new Liberty two-stroke engines, but Fuji remains a Polaris supplier of pistons to this day. Fuji is a partner with Polaris, owning a percentage of Polaris stock. Fuji has provided more than 2 million engines used in Polaris snowmobiles, ATVs, watercraft and utility vehicles.
- The eco technology division manufactures and sells garbage trucks, robot sweeper, and wind turbines.
- FHI discontinued the production of buses and railroad cars in 2003.
- 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
- 2006–2011 — Ikuo Mori
- Fuji FA-200 Aero Subaru (1965) - monoplane/light aircraft
- Fuji/Rockwell Commander 700 (1975) - light transport
- Fuji KM-2 (1962) - light primary military trainer
- Fuji LM-1 Nikko (1955) - light communications military aircraft
- Fuji T-1 (1958) - intermediate military jet trainer
- Fuji T-3/KM-2 (1974) - primary military trainer
- Fuji T-5/KM-2 Kai (1984) - basic military trainer
- Fuji [Bell] UH-1H/UH-1J (1970s/1980s) - utility helicopter & troop carrier
- Fuji T-7/T-3 Kai (1998) - primary military trainer
- TACOM Air-Launched Multi-Role Stealth UAV In development and production
- Fuji (Boeing) AH-64 ApacheDJP (2001)
- Fuji-Bell UH-X - Ongoing project to meet the JGSDF's requirement for a UH-1J replacement. Bell Helicopter is Fuji's foreign partner in the competition. A variant of the UH-X may also ultimately fill the JMSDF's recently (October 2014) revealed requirement for a New Patrol Helicopter (to enter service in 2022).
- Former Nissan Executive Will Head Fuji LA Times Jun 29, 1990
- For Bankrupt Companies, Happiness Is A Warm Keiretsu by Robert Neff Bloomberg Oct 25 1992
- Fuji To Build Nissan Models Chicago Tribune Jan 27 1991
- "Fuji Heavy Industries Adopts Subaru's Six-Star Emblem as New Corporate Symbol". Fuji Heavy Industries. 15 July 2003. Retrieved 2008-06-11.
- Shimizu, Kaho (2005-10-06). "Toyota to buy Fuji shares in GM selloff". The Japan Times.
- "Boeing enters pact with Japanese consortium for supply of 777X plane parts". Chicago Chronicle. Retrieved 12 June 2014.
- Subaru Parent Fuji Heavy Industries Changes Its Name to Subaru Corp.
- Fuji Heavy Industries Ltd. To Change Company Name To Subaru Corporation
- Polaris and Fuji: A Long History of a Powerful Partnership
- Foreign firms bid for $2 billion chopper deal The Japan Times/Reuters Accessed 10th October 2014