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Fuji Heavy Industries, Ltd.
TypePublic corporation TYO: 7270
FoundedEstablished 1953-07-15
HeadquartersTokyo, Japan
Key peopleIkuo Mori, President and CEO
Industrytransportation equipment manufacturing
ProductsSubaru automobiles, aircraft, industrial engines, garbage trucks
Revenue¥1494.8 billion (Apr.2006 to Mar.2007)
Net income ¥31.9 billion (Apr.2006 to Mar.2007)
Employees11,998 (as of March 31, 2006)
Websitehttp://www.fhi.co.jp/english

Fuji Heavy Industries, Ltd. (富士重工業株式会社 Fuji Jūkōgyō Kabushiki-kaisha?) (TYO: 7270), or FHI, is a Japanese company which traces its origins to the Nakajima Aircraft Company (est. 1917), which was the leader in aircraft manufacture for the Japanese military during WWII. At the end of World War II, Nakajima was broken up by the Allied Occupation government, and by 1950 part of the separated operation was already known as Fuji Heavy Industries LTD.

FHI(Reorganized) was established on July 15, 1953 when five Japanese companies joined to form one of Japan\'s largest manufacturers of transportation equipment. 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.

In the United States, Fuji Heavy Industries owns Subaru of America, Inc., Subaru Research & Development, Inc., and Subaru of Indiana Automotive, Inc.

Contents

Shareholders

A FHI articulated bus with Volvo chassis

From 1968 until 1999, FHI was 20% owned by Nissan, who acquired the stake in 1968 during a period of government-ordered merging of Japanese auto industry firms in order to improve competitiveness under the administration of Prime Minister Eisaku Sato. During their ownership, Nissan was primarily interested in its bus manufacturing division and lent automaking expertise to Subaru. Upon Nissan\'s acquisition by Renault, its 20% stake was sold to General Motors, but GM announced on October 6, 2005 that it will sell 8.4% of the company to Toyota and disposed of its remaining share, 11.6% of the company, on the market. Toyota to buy Fuji shares in GM selloff Japan Times, October 6, 2005

Divisions

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

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

References

External links

This article is licensed under the GNU Free Documentation License. It uses material from Wikipedia


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