Subaru Corporation
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 FHI Headquarters
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Native name
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株式会社SUBARU |
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Formerly called
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Fuji Heavy Industries |
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| Traded as | : OTC Pink: TOPIX Large 70 Component |
| Industry | transportation equipment manufacturing defense |
| Headquarters | Ebisu, Shibuya, Tokyo, Japan |
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Key people
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Yasuyuki Yoshinaga, President & CEO Jun Kondo, Vice President |
| Products | automobiles, aircraft, industrial engines, garbage trucks |
| Owner |
Toyota Motor (16.48%) The Master Trust Bank of Japan (5.40%) Japan Trustee Services Bank (4.38%) Mizuho Bank, Ltd. (2.05%) Suzuki Motor Corporation (1.75%) Sompo Japan Nipponkoa Insurance Inc. (1.55%) FHI's Client Stock Ownership (1.40%) Toyota Marine & Nichido Fire Insurance Co., Ltd. (1.32%) |
| Website | Subaru Corporation |
Subaru Corporation (株式会社SUBARU Kabushiki-gaisha Subaru), formerly known as Fuji Heavy Industries, Ltd. (富士重工業株式会社 Fuji Jūkōgyō Kabushiki-gaisha) (FHI), is a Japanese multinational corporation and conglomerate primarily involved in aerospace and ground transportation manufacturing, known for its line of Subaru automobiles. The company'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.
Fuji Heavy Industries 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. 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. In 1991, FHI started contract-manufacturing Nissan Pulsar (Nissan Sunny in Europe) sedans and hatchbacks.
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Wikipedia