IHI was established as the Ishikawajima Shipyard in 1853. We have since evolved into a comprehensive group of companies that can contribute to social progress by relentlessly pursuing technological excellence and cultivating advanced engineering capabilities.
A Changing Social Environment
The social environment surrounding the IHI Group is changing faster than we envisioned. While rapid innovations on the Internet of Things (IoT), 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. Additionally, the COVID-19 global pandemic has brought rapid and profound social change impacting consumer and corporate behavior. 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 agility 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
- Leveraging our accumulated technologies and expertise, we will continue to pursue ways to evolve our operational lifecycle, expanding our aftermarket business by involving ourselves more deeply in our customers operations. This drive will enable us to seamlessly develop new technologies and services offering greater value to our valued customers.
Create a lean and flexible operational structure
- To transform IHI into a more flexible and leaner Group, we will leverage the opportunities to transform our operational processes offered by IoT, information and communication technology, artificial intelligence and other digital technologies as well as acting swiftly to our reallocate resources to areas where we see growth opportunities.
Transform our business model to create value
- Moving forward, we will accelerate efforts to transform our business model to one that delivers new social value by making a greater contribution to solving growing societal issues such as decarbonization, national resilience and the transition to recycling-orientated and digital societies, to help bring about a more sustainable society.