IHI Corporation (株式会社IHI), formerly known as Ishikawajima-Harima Heavy Industries Co., Ltd. (石川島播磨重工業株式会社) is a Japanese engineering corporation headquartered in Tokyo, Japan that produces and offers ships, space launch vehicles, aircraft engines, marinediesel engines, gas turbines, gas engines, railway systems, turbochargers for automobiles, plant engineering, industrial machinery, power station boilers and other facilities, suspension bridges and other structures.[2]
IHI is listed on the Tokyo Stock Exchange Section 1.Following the reporting of a company whistleblower in February 2024, on April 24, 2024, the company announced that investigation was underway by the Ministry of Land, Infrastructure, Transport and Tourism of its subsidiary, IHI Power Systems Co., which had falsified its engine data since 2003, affecting over 4,000 engines worldwide.
History
1853 – establishment of Ishikawajima Shipyard by the Mito Domain under order from the Edo Shogunate, who faced the
Space development
Jet engines
Diesel engines
Gas engines
Industrial machinery
Bridge & steel structures
Energy systems
etc
revenue
¥1486.33 billion (2016)‡R1R‡
operating income
▲¥47.39 billion (2016)‡R1R‡
net income
▲¥5.25 billion (2016)‡R1R‡
assets
¥1692.83 billion (2016)‡R1R‡
equity
▲¥309.99 billion (2016)‡R1R‡
num employees
26,618 (2013)
owner
DKB Group
parent
Dai-ichi Life (3.49%)
homepage
ihi.co.jp
Perry Expedition
and the subsequent pressure to compete with the
Great Powers
, in Ishikawajima, 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 (later Isuzu through a series of mergers)
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's Aerospace and Defense Divisions and established IHI Aerospace Co., Ltd.
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[3]
2016 – sold all shares of wholly owned IHI Construction Machinery Limited to Kato Works Company Limited.[4]
2018 – IHI halts manufacturing nuclear reactor parts to focus on aircraft parts,[5] leaving Japan Steel Works as the sole Japanese supplier of reactor parts.
2024 – Subsequent to the February report of a company whistleblower;[6] on April 24, IHI Corp. announced that its subsidiary, IHI Power Systems Co., had been falsifying fuel consumption and efficiency data of engines used in ships and trains since 2003, affecting 4,361 engines. Investigation by the Ministry of Land, Infrastructure, Transport and Tourism ensued.[7]
IHI develops, manufactures, and maintains aero engines, either by joint projects of which partners include GE Aviation, Pratt & Whitney, and Rolls-Royce Holdings, or the company itself.[12]
SRB-A solid rocket booster for H-IIA/H-IIB Launch Vehicle
BT-4 liquid-fuelled apogee motor (used in the Cygnus vehicle which are launched on Atlas V and Antares rockets)
Ships
Shipbuilding was the founding activity of Ishikawajima in 1853. It remains part of IHI's business activities, although it has been diluted through several mergers with other Japanese shipbuilding companies.[14]
In 1960, Ishikawajima Heavy Industries merged with Harima Shipbuilding & Engineering Company to establish the Ishikawajima-Harima Heavy Industries (IHI). IHI built Mutsu, Japan's first nuclear powered ship with reactors from Mitsubishi Heavy Industries in 1969.[15]In 1995, Marine United was established jointly with Sumitomo Heavy Industries.In 2013, IHI Marine United was merged with Universal Shipbuilding Corporation owned by the steel company JFE Holdings in order to newly establish a larger firm, Japan Marine United Corporation (JMU), of which IHI remained a shareholder.
In March 2020, Japan Marine United (with 49% of shares) agreed to merge with Imabari Shipbuilding
In parallel with the creation of Nihon Shipyard, Imabari Shipbuilding bought 30% of JMU's shares, while IHI and JFE Holdings each kept 35% of JMU's capital.
The merger between these two Japanese companies resulted in Nihon Shipyard becoming one of the largest marine-engineering and shipbuilding companies in the world, of which IHI remains a shareholder.
