IHI Corp - Company Profile
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Business Description
IHI Corp (IHI) is a Japanese heavy machinery engineering group that offers technology-oriented products and services to customers in public, private, and industrial sectors worldwide. The group manufactures material handling equipment, compressors, separators, aero engines, rolling mills, boilers, gas engines, gas turbines, marine diesel engines, steel furnaces, agricultural machines, turbochargers, superchargers, and environmental preservation systems. The company classifies its business operations into four reportable segments: Resources, Energy and Environment; Social Infrastructure and Offshore Facilities; Industrial Systems and General-Purpose Machinery; Aero Engine, Space and Defense; and Others. In FY2023, the company incurred a capital expenditure of JPY62,577 million which grew 37.3% YoY.
R&D Overview
IHI’s R&D focuses on improving the performance of turbomachinery, which converts energy between fluid and mechanical devices via rotating blades. It focuses on the development of high-performance compressors and turbochargers using computational fluid dynamics (CFD) technology for predicting and visualizing the flow by the computer. IHI also focuses on the advancement and development of reciprocating engines for reduction in CO2 emission by optimizing combustion chamber shape and fuel injection method, using numerical analysis element technology. The group is also developing technology to separate and recover CO2 emissions from plants and power generating facilities. It also focuses on the development of technologies to improve coal gasification processes used for the conversion of low-grade energy resources. In FY2023, the company spent JPY32,113 million which as percentage of total revenue stood at 2.4%.
Business Segments
- Aero Engine, Space and Defense
- Industrial Systems and General-Purpose Machinery
- Others
- Resources, Energy and Environment
- Social Infrastructure and Offshore Facilities
Overview
Provides engineering, manufacture, sales, repair, maintenance and management of rocket systems, aero engines, satellite propulsion systems, space development equipment, ground test facilities, sample containers, high-bypass ratio turbofan engines for civil aircraft, low-bypass ratio turbofan engines and turboshaft engines for multipurpose helicopters. In FY2023, the segment incurred a capital expenditure of JPY17,462 million which grew 15.5% YoY.
Performance
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Overview
Offers engineering, manufacture, sales, repair, maintenance and management of vehicular turbochargers, machinery for ships, logistics systems, transport machinery, parking, steel manufacturing equipment, industrial machinery, thermal and surface treatment, paper-making machinery, compressor, separation system and turbocharger. Products and services find application in the management of ships, construction machinery, agricultural machinery and small power systems. In FY2023, the segment incurred a capital expenditure of JPY12,999 million which grew 35.1% YoY.
Performance
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Overview
Includes inspection and measurement business, manufacture and sale of equipment, and related services to such business and other service operations. In FY2023, the segment incurred a capital expenditure of JPY3,430 million which grew 100% YoY.
Performance
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Overview
Offers engineering, manufacture, sales, repair, maintenance services, and management of boilers, gas turbines, gas engines and diesel engines, and power system plants. Also offers motors for land and marine use, large marine motors, environmental response systems, components for nuclear power plants, storage facilities, pharmaceutical and process plants. In FY2023, the segment incurred a capital expenditure of JPY5,853 million which grew 9.4% YoY.
Performance
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Overview
Comprises Social Infrastructure and Offshore Facilities divisions. The Social Infrastructure division carries out engineering, manufacture, sales, repair, maintenance and management of bridges, water gate and steel structures, shield tunneling machines, transportation systems, material handling systems, security, traffic systems and real estate business. The Offshore Facilities division carries out engineering and manufacture of shipbuilding, F-LNG ships and offshore structures. In FY2023, the segment incurred a capital expenditure of JPY15,349 million which grew 142.9% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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