IHI Group

Leadership team

Mr. Hiroshi Ide (Pres & CEO, GM of Corp. Strategy Headquarters and Director)

Yasuaki Fukumoto (Exec. Officer and GM of Fin. & Accounting Division)

Nobuhiko Kubota (Managing Exec. Officer and GM of Technology & Intelligence Integration)

Products/ Services

Industrial Manufacturing, Machinery Manufacturing, Manufacturing

Number of Employees

20,000 - 50,000

Headquarters

Tokyo, Tokyo, Japan

Established

1889

Net Income

Above - 20B

Revenue

Above - 1B

Traded as

TYO:7013

URL

https://www.ihi.co.jp

Overview

Location

Recognition and Award

References

Summary

IHI Corporation operates in resources, energy, and environment; social infrastructure and offshore facilities; industrial systems and general-purpose machinery; aero engine, space, and defense; and other business areas in Japan and internationally. It provides carbon reduction solutions; gas turbines and engines, and diesel engines for land use, and high-speed ships and other marine vessels; LNG receiving terminals and storage tanks; and equipment for various plants. The company also constructs natural gas liquefaction, oil refining, petrochemicals, LPG, and other process plants; develops and constructs nuclear fuel cycle systems; provides components for boiling and pressurized water reactors; and constructs bridges and steel structures. It offers water gates for rivers and dams; environmental monitoring products; concrete construction materials; 3D laser radars, X-ray inspection systems, monitoring and disaster prevention equipment, oil leak monitors, and vibration control and seismic isolation floor systems; shield tunneling machines and automatic segment assembling systems; transportation systems; LPG/LEG storage tanks; floating LNG/LPG production, storage, and offloading units; and semi-submersible rigs, mega-float, and others. The company also leases and sells real estate properties; develops houses; and provides compressors, cryogenic products, logistics systems, steelmaking equipment, machinery for ships, turbochargers for vehicles, separators, lubricating systems, pulp and paper machinery, materials handling systems, agricultural machinery, parking systems, boilers, and life associated equipment. It offers factory, heat treatment and surface engineering solutions; aero engines; air traffic control systems; and rocket systems and space exploration solutions. The company was formerly known as Ishikawajima-Harima Heavy Industries Co., Ltd and changed its name to IHI Corporation in 2007. IHI Corporation was founded in 1853 and is headquartered in Tokyo, Japan.

History

1853 – establishment of Ishikawajima Shipyard in the Chuo district of Tokyo.

1854 - 1856: construction of the Japanese warship Asahi Maru at Ishikawajima shipyard.

1889 – incorporation of Ishikawajima Shipyard as Ishikawajima Shipbuilding & Engineering Co., Ltd.

1907 – establishment of Harima Dock Co., Ltd.

1929 – spinoff of Harima's automobile section as Ishikawajima Automotive Works

1960 – establishment of Ishikawajima-Harima Heavy Industries Co., Ltd. through a merger of Ishikawajima and Harima

1995 – IHI and Sumitomo Heavy Industries merged a warship business and established Marine United Ltd. The Uraga Dock Company was the origin in the shipbuilding of Sumitomo Heavy Industries. It was made by Enomoto Takeaki. However, Sumitomo Heavy Industries moved Uraga Dock to Yokosuka in 2003. IHI moved a shipbuilding section to Marine United in 2002 and changed its name to IHI Marine United Ltd. IHI Marine United became the subsidiary of IHI in 2006.

2000 – purchased Nissan Motor’s Aerospace and Defense Divisions and established IHI Aerospace Co., Ltd.

2007 – name changed to IHI Corporation.

2013 – Established Japan Marine United Corporation, merging its ship building unit, Marine United Inc., with Universal Shipbuilding Corp. of JFE Holdings after discussion started in April 2008

2016 – Sold all shares of wholly owned IHI Construction Machinery Limited to Kato Works Company Limited.

2018 – IHI stops manufacturing nuclear reactor parts to focus on aircraft parts., leaving Japan Steel Works as the sole Japanese supplier of reactor parts.

Mission

IHI is committed to delivering the highest quality products and services to our customers. We strive to create value for our shareholders through innovation, technology, and operational excellence.

Vision

IHI seeks to become the premier international engineering solutions provider, offering solutions and products that add value and improve lives of our customers. We strive to be a responsible steward of our natural environment and build a culture of creativity, collaboration, and sustainability.

Key Team

Yoshikazu Hamada (Exec. Officer & GM of Legal Division)

Chie Fukuoka (Exec. Officer & GM of Corp. Communication Division)

Kiyoshi Nihei (Exec. Officer, GM of Global Marketing & Sales Headquarters and VP of Systems)

Mr. Akihiro Seo (Managing Exec. Officer, GM of HR Division & Director)

Mr. Takeshi Yamada (Sr. Exec. Officer, Exec. VP, Assistant to the Pres & Director)

Mr. Masataka Ikeyama (Exec. VP, Sr. Exec. Officer & Representative Director)

Mr. Takeshi Kawakami (Managing Exec. Officer, Pres of Social Infrastr. & Offshore Facilities Bus. and Director)

Recognition and Awards

IHI Corporation has received several awards, including the ENERGY STAR® Partner of the Year–Energy Efficiency Award in 2018, and the International Atomic Energy Agency Award for Nuclear Technology Development and Application in 2017.