name: Fuji Heavy Industries Co., Ltd.
Fuji Heavy Industries (FHI) is a Japanese multinational company and conglomerate mainly engaged in aviation and ground transportation manufacturing. The company also owns Subaru production lines. The aerospace division of Fuji Heavy Industries, as a defense contractor of the Japanese government, produces helicopters and airplanes for Boeing and Lockheed Martin.
On July 15, 1953, five Japanese companies: Fuji Industry, Fuji Auto Industry Co., Ltd., Fuji Omiya Industry, Utsunomiya Vehicle Manufacturing and Tokyo Fuji Industry merged to form Fuji Heavy Industries. Fuji Heavy Industries has become one of Japan’s largest manufacturers of transportation equipment.
By the end of the 1980s, Fuji Heavy Industries Co., Ltd. was a major supplier of Japanese military, aerospace and railway equipment, and 80% of its sales came from the automotive industry. In 1989, the company’s sales fell by 15% to $4.3 billion. In 1990, the company faced losses of more than $500 million. In 1991, the company began contract manufacturing of Nissan Pulsar cars and hatchbacks.
On October 5, 2005, Toyota Motor Corporation acquired 8.7% of Fuji Heavy Industries from General Motors. Since 1999, Toyota Motor Corporation has held 20.1% of Fuji Heavy Industries.
The stock code of Fuji Heavy Industries Co., Ltd. on the Tokyo Stock Exchange is 7270. It is headquartered in Ebisu, Shibuya, Tokyo. Its president and chief executive officer is Yukichi Yasu, and vice president is Jun Kondo.
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