Business Description
Aero Engine, Space and Defense is the largest segment by revenue and by a wider margin the largest by profit: IHI is a risk-sharing partner on commercial engine programmes led by GE Aerospace, Pratt & Whitney and Rolls-Royce, builds engines for Japan's Air Self-Defense Force, and through IHI Aerospace supplies solid rocket motors and the Epsilon launch vehicle. The rest of the group spans Resources, Energy and Environment — boilers, gas turbines, ammonia and carbon-recycling plant, nuclear components; Social Infrastructure, which builds bridges, gates and urban development projects; and Industrial Systems and General-Purpose Machinery, covering turbochargers, compressors, parking systems and logistics equipment.
Aftermarket work is what makes the aero business attractive: spare parts and overhaul on an installed base of engines generate recurring revenue tied to flying hours rather than to new aircraft orders, so passenger traffic, engine shop-visit schedules and the yen drive results, with Japanese defence budgets adding a separate cycle. Shipbuilding, the company's original trade, is now held as a roughly one-fifth stake in the joint venture Japan Marine United. The business traces to the Ishikawajima shipyard founded in Edo in 1853; the present company dates from January 1889, was known as Ishikawajima-Harima Heavy Industries after a 1960 merger, and took the name IHI in 2007. The fiscal year ends in March.
Corporate Data
| Ticker | 7013 |
|---|---|
| Exchange | Tokyo Stock Exchange |
| Size Category | TOPIX Mid400 |
| Market Segment | Prime Market |
| Sector | Machinery |
| Head Office | Toyosu IHI Building, 3-1-1 Toyosu, Koto-ku, Tokyo 135-8710, Japan |
| Founded | January 17, 1889 |
| Fiscal Year End | March 31 |
| Website | Official website |
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