Fuji Heavy Industries
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Categories: Companies listed on the Tokyo Stock Exchange | Companies based in Tokyo | Aircraft manufacturers of Japan | Scooter manufacturers | Engine manufacturers | Bus manufacturers | Subaru
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.
ShareholdersImage:Keiseibus-twinbus-20071013.jpg
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. [1] DivisionsFHI has four main divisions:
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