Subaru Corporation

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Fuji Heavy Industries
富士重工業株式会社
Public KK
Traded as TYO: 7270
OTC Pink: FUJHY
Industry transportation equipment manufacturing
defense
Headquarters Ebisu, Shibuya, Tokyo, Japan
Key people
 Yasuyuki Yoshinaga, President & CEO
Jun Kondo, Vice President
Products Subaru automobiles, aircraft, industrial engines, garbage trucks
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 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.[4]

On October 5, 2005 Toyota Motor Corporation purchased 8.7% of FHI shares from General Motors, which had owned 20.1% since 1999.[5] 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, 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.[6]

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
  • 2006–2011 — Ikuo Mori

Bus models

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

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

References

  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. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Polaris and Fuji: A Long History of a Powerful Partnership
  8. ↑ http://www.fhi.co.jp/english/outline/section/aero.html
  9. ↑ Foreign firms bid for $2 billion chopper deal The Japan Times/Reuters Accessed 10th October 2014

External links

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