Subaru Corporation

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Subaru Corporation
Native name
株式会社SUBARU
Romanized name
Kabushiki-gaisha SUBARU
FormerlyFuji Heavy Industries, Ltd. (1953–2017)
Type Public K.K.
TYO: 7270
TOPIX Large 70 Component
Industry Automotive, transportation equipment manufacturing, defense
Predecessor Nakajima Aircraft Company
Founded15 July 1953;69 years ago (1953-07-15)
Headquarters,
Japan
Key people
Kazuo Hosoya
(Chairman)
Tomomi Nakamura
(President and CEO)
Products Automobiles, aircraft, industrial engines, garbage trucks
RevenueIncrease2.svg ¥3,344.11 billion [note 1] [1]  (FY2020)
Increase2.svg¥210.32 billion [1]  (FY2020)
Increase2.svg¥152.59 billion [1]  (FY2020)
Total assets Increase2.svg¥3,293.91 billion [1]  (FY2020)
Total equity Increase2.svg¥1,720.12 billion [1]  (FY2020)
Owners
Divisions
Website subaru.co.jp

Subaru Corporation (Japanese: 株式会社SUBARU, Hepburn: Kabushiki-gaisha Subaru) is a Japanese multinational corporation and conglomerate primarily involved in both terrestrial and aerospace transportation manufacturing. It is best known for its line of Subaru automobiles. Founded in 1953, the company was formerly named Fuji Heavy Industries, Ltd. (Japanese: 富士重工業株式会社, Hepburn: Fuji Jūkōgyō Kabushiki-gaisha) (FHI) until 2017. The company's aerospace division is a defense contractor to the Japanese government, manufacturing Boeing and Lockheed Martin helicopters and airplanes under license. This same division is a global development and manufacturing partner to both companies.

Contents

History

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. [2] 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. [3] In 1991, FHI started contract-manufacturing Nissan Pulsar (Nissan Sunny in Europe) sedans and hatchbacks. [4]

Currently, the Subaru Corporation makes Subaru brand cars, and its aerospace division makes utility and attack helicopters for the Japanese Self Defense Force, trainers, unmanned aerial vehicles, and the center wings of Boeing 777 and Boeing 787 jets. In the past, FHI made parts for the Raytheon Hawker and Eclipse Aviation business jets.

In 2003, the company adopted the logo of its Subaru automobile division as its worldwide corporate symbol. [5]

On October 5, 2005 Toyota purchased 8.7% of FHI shares from General Motors, which had owned 20.1% since 1999. [6] GM later divested its remaining 11.4% stake on the open market to sever all ties with FHI. FHI previously stated there might have been 27 million shares (3.4%) acquired before the start of trading by an unknown party on October 6, 2005, and speculation suggested a bank or perhaps another automaker was involved. After the purchase, Toyota announced a contract with Subaru on March 13, 2006 to use the underutilized Subaru manufacturing facility in Lafayette, Indiana, as well as plans to hire up to 1,000 workers and set aside an assembly line for the Camry, beginning in the second quarter of 2007.

In June 2014, the company entered into a contract with Boeing Commercial Airplanes, as one of five major Japanese companies contracted, to build parts for Boeing's 777X aircraft. [7]

In May 2016, Fuji Heavy Industries announced that it would change its name to Subaru Corporation, with the change effective on April 1, 2017. [8] [9] [10]

Divisions

Subaru has two main divisions:

Former divisions

Products

Small automobiles

Bus models

A 5E body with Isuzu Cubic chassis M531-86251-P-LV318N.jpg
A 5E body with Isuzu Cubic chassis
A 7E body articulated bus with Volvo B10M chassis Keiseibus-twinbus-20071013.jpg
A 7E body articulated bus with Volvo B10M chassis
A 1M body with Nissan Diesel Space Arrow chassis Limousinebus 212-20542R5.jpg
A 1M body with Nissan Diesel Space Arrow chassis

Aircraft

JGSDF AH-64D (DJP) attached to the 1st Airborne Brigade January 2012 JGSDF AH-64D 20120108-01.JPG
JGSDF AH-64D (DJP) attached to the 1st Airborne Brigade January 2012

Railway rolling stock

Some products were built in Utsunomiya Sharyo Era(1950-1955).

Japan

DMU
31  [ ja ] , 32  [ ja ] , 37  [ ja ] , 54  [ ja ] types
Passenger Car
EMU
Tram

Russia

Thailand

Notes

  1. The FY2020 (Fiscal Year 2020) in this article is from April 1, 2019 to March 31, 2020.

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References

  1. 1 2 3 4 5 "Annual Report 2020" (PDF). Subaru. Retrieved March 16, 2021.
  2. "Former Nissan Executive Will Head Fuji". Los Angeles Times , June 29, 1990
  3. "For Bankrupt Companies, Happiness Is a Warm Keiretsu" by Robert Neff, Bloomberg, Oct 25, 1992
  4. "Fuji to Build Nissan Models", Chicago Tribune , January 27, 1991.
  5. "Fuji Heavy Industries Adopts Subaru's Six-Star Emblem as New Corporate Symbol" (Press release). Fuji Heavy Industries. July 15, 2003. Retrieved June 11, 2008.
  6. Shimizu, Kaho (October 6, 2005). "Toyota to buy Fuji shares in GM selloff". The Japan Times.
  7. "Boeing enters pact with Japanese consortium for supply of 777X plane parts". Chicago Chronicle . Archived from the original on July 27, 2014. Retrieved June 12, 2014.
  8. Alexander Stoklosa (May 12, 2016). "Subaru Parent Fuji Heavy Industries Changes Its Name to Subaru Corp". Car and Driver . Archived from the original on April 28, 2019.
  9. "News Release" (PDF). Subaru Corporation (Press release). March 31, 2017. Archived from the original (PDF) on May 13, 2021. Retrieved October 3, 2022.
  10. "株式会社SUBARU(スバル)企業情報サイト". 株式会社SUBARU(スバル)企業情報サイト (in Japanese). Archived from the original on April 4, 2017.
  11. Aircraft Maintainers Demonstrate MV-22B Osprey Systems at Atsugi April 23, 2016 DVIDS Retrieved November 14, 2016
  12. Osprey noise levels measured at GSDF’s Kisarazu camp in Chiba Prefecture October 25, 2016 Japan Times Retrieved November 14, 2016
  13. "Polaris and Fuji: A Long History of a Powerful Partnership".
  14. "Corporate Profile". Subaru Corporation.
  15. Kelly, Tim; Kubo, Nobuhiro (June 11, 2014). "Foreign firms bid for $2 billion chopper deal". Reuters. Retrieved October 10, 2014 via The Japan Times.