IHI was established as Ishikawajima Shipyard in 1853. Now, 160 years later, we have evolved into a comprehensive heavy industry manufacturer capable of contributing to social progress through the relentless pursuit of technological excellence and cultivation of advanced engineering capabilities.
Accommodating to diversifying needs
The global business landscape is transforming at lightning speed. The global economy has become increasingly more complicated as the economic climates of emerging nations have diversified, international economic partnerships have progressed, and as the industrial structure has changed. Swift progress in information technology has made it even more important to be innovative in our products and services offering, while incorporating information and communication technologies which keep pace with advancements in manufacturing.
Social infrastructure demands are diversifying around the globe. The focus for emerging nations is to tackle urbanization and industrialization. The priorities for developed countries include addressing the challenges of population decline and aging infrastructure.
It is more important than ever for IHI to identify and cater to the diversifying customer value requirements that stem from such transformations in our operating climate.
Initiatives to strengthen our earnings foundation
It was against this backdrop that we launched Group Management Policies 2016. Through this initiative, we seek to create a structure to reinforce business strategy implementation and ensure consistent profitability. We also aim to supply solutions that create customer value and deliver advanced products and services so we can strengthen our earnings foundations.
We are therefore prioritizing the following three initiatives in our drive toward tomorrow:
- Accelerate business concentration and selection by undertaking new portfolio management approaches to clarify the direction of business strategies;
- Enhance estimate processes and risk reviews as part of efforts to strengthen the project implementation structure, creating a setup that enables us to stabilize earnings;
- Employ common Group functions that we reinforce by concentrating resources and integrating capabilities, thereby transforming our business model while making our operations more competitive.
Realize your dreams
Our management principles are “Contribute to the development of society through technology” and “Human resources are our single most valuable asset”. Our corporate message of “Realize your dreams” epitomizes the mission we embarked on more than 160 years ago to leverage our technology and human resources to help humankind’s greatest dreams come true.
We look forward to your ongoing support and encouragement as the IHI Group endeavors to fulfill its mission by growing sustainably and enhancing corporate value while building trust among all of its stakeholders.