IHI was established as the Ishikawajima Shipyard in 1853. We have since evolved into a comprehensive heavy industry manufacturer that can contribute to social progress by relentlessly pursuing technological excellence and by cultivating advanced engineering capabilities.
A Changing Social Environment
The social environment is changing faster than we envisioned. While Rapid innovations in the Internet of Things, information and communication technology, artificial intelligence, and other digital technologies are transforming the industrial structure and work practices, social issues including global warming have been increasing . We are thus pushing ahead with efforts to materialize social sustainability by safeguarding the environment while pursuing social progress to tackle these challenges.
Becoming an Enterprise that can Contribute to Social Sustainability
Under such circumstances, the IHI Group formulated Group Management Policies 2019. This new management plan defined our approach to contributing to social sustainability from long-term perspectives by tackling social and customer issues and creating new value. Launched in fiscal 2019, this three-year initiative aims to materialize that objective by flexibly and suitably reorganizing our businesses while becoming an enterprise that can produce new value for society and our customers.
Three Business Transformation Initiatives
We are accelerating changes in three respects while reinforcing our management foundations by cultivating human resources as change drivers, pursuing safety and quality, and boosting risk management.
Accelerate aftermarket business development with customers from lifecycle perspectives
- We will involve ourselves closely in customer operations from overall lifecycle perspectives to reinforce the technological capabilities and expertise amassed in supplying hardware while accelerating the development of aftermarket businesses to help resolve customer challenges.
Create a lean and flexible operational structure
- We will optimally allocate people, funds, and other management resources to growth and priority areas and build a management structure that remains robust amid change.
Transform our business model to create value
- We will help materialize social sustainability by accelerating efforts to transform our business model to produce new value in the years ahead.