ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Producer Manufacturing

IHI Corp.

Business Summary

IHI Corp. engages in the design, manufacture, sale, installation, repair, overhaul, and maintenance of heavy machinery. It operates through the following segments: Resources, Energy and Environment; Social Infrastructure and Offshore Facilities; Industrial System and General-Purpose Machinery; Aero Engine, Space and Defense; and Others. The Resources, Energy and Environment segment includes boilers, power systems, motors for land and marine use, gas processes for storage facilities and chemical plants, nuclear power, gas engines, environmental systems, and pharmaceutical plants. The Social Infrastructure and Offshore Facility segment deals with bridges, water gates, steel structures, shield tunneling machines, transportation systems, urban development, and security. The Industrial System and General-Purpose Machinery segment offers rotating machinery, logistics systems, materials handling equipment, parking systems, steel manufacturing equipment, industrial machinery, heat and surface treatment, papermaking machinery, vehicular turbochargers and compressors, construction machinery, and agricultural equipment. The Aero Engine, Space and Defense segment handles aircraft engines, rocket systems, space exploration, and defense systems. The Others segment includes inspection and measurement business as well as the manufacture and sale of related equipment. The company was founded on December 5, 1853 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2020 JPYUSD
Gross Profit247,963M2,280.62M
Operating income60,797M559.17M
Income before tax38,779M356.66M
Net income12,812M117.83M
Diluted EPS84.190.77
Dividends Per Share500.45
Total Assets1,740.78B16,125.07M
Total liabilities1,387.03B12,848.27M
Total equity326,908M3,028.18M
Operating cash flow14,510M133.45M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,539.38B 1,486.33B 1,590.33B 1,483.44B 1,386.50B
Gross Profit 213,112M 235,633M 266,373M 271,049M 247,963M
Operating income 22,048M 47,389M 72,267M 82,488M 60,797M
Income before tax -1,639M 18,078M 18,984M 69,446M 38,779M
Net income 1,529M 5,247M 8,291M 39,889M 12,812M
EBITDA 88,855M 114,386M 139,578M 147,022M 128,401M
Diluted EPS 9.90 34 53.67 258.36 84.19
Dividends Per Share 30 0 60 70 50
Total Assets 1,715.05B 1,692.83B 1,633.48B 1,664.52B 1,740.78B
Total liabilities 1,381.69B 1,355.20B 1,283.27B 1,282.83B 1,387.03B
Total equity 319,068M 319,006M 325,393M 349,839M 326,908M
Operating cash flow 95,338M 65,373M 99,018M 46,402M 14,510M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 12,819.22M 13,725.79M 14,348.98M 13,377.03M 12,752.29M
Gross Profit 1,774.68M 2,175.99M 2,403.38M 2,444.20M 2,280.62M
Operating income 183.60M 437.62M 652.03M 743.84M 559.17M
Income before tax -13.64M 166.94M 171.28M 626.23M 356.66M
Net income 12.73M 48.45M 74.80M 359.70M 117.83M
EBITDA 739.93M 1,056.31M 1,259.36M 1,325.78M 1,180.96M
Diluted EPS 0.08 0.31 0.48 2.32 0.77
Dividends Per Share 0.24 0 0.54 0.63 0.45
Total Assets 15,259.18M 15,191.87M 15,359.54M 15,038.43M 16,125.07M
Total liabilities 12,293.22M 12,161.90M 12,066.48M 11,589.98M 12,848.27M
Total equity 2,838.80M 2,862.83M 3,059.64M 3,160.67M 3,028.18M
Operating cash flow 793.92M 603.69M 893.40M 418.43M 133.45M

Valuation Measures

Mar 2020
Operating margin4.38%
Profit margin0.92%

Key executives

  • President, CEO & Representative Director: Tsugio Mitsuoka
  • Director, General Manager-Technology & Development: Kouichi Murakami
  • Representative Director & Executive Vice President: Hiroyuki Otani
  • Representative Director & Executive Vice President: Takeshi Yamada
  • Director & Managing Executive Officer: Tomoharu Shikina


  • Nomura Asset Management Co., Ltd. (7.9%)
  • IHI Corp. (3.6%)
  • Dai-ichi Life Holdings, Inc. (3.4%)
  • Asset Management One Co., Ltd. (3.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.0%)
  • Mizuho Financial Group, Inc. (2.9%)
  • Mizuho Bank Pension Fund (2.9%)
  • Nikko Asset Management Co., Ltd. (2.9%)
  • Daiwa Asset Management Co. Ltd. (2.0%)
  • The Vanguard Group, Inc. (1.8%)

Contact Details

  • Website:
  • Address: Toyosu IHI Building, 3-1-1 Toyosu, Tokyo, 135-8710, Japan
  • Phone: +81.3.6204.7800

Related Companies

  • IHI Logistics & Machinery Corp.
  • IHI (shanghai) Management Co., Ltd.
  • IHI Americas, Inc.
  • IHI Transport Machinery Taiwan Corp.
  • IHI DALGAKIRAN Makina Sanayi ve Ticaret AS
  • IHI Asia Pacific Pte Ltd.
  • Indigo Topco Ltd.
  • Ihi Employee Stock Ownership Plan
  • IHI Energy Storage, Inc.
  • IHI Corp. /Aichi LNG Assets/
  • IHI Corp Board Incentive Plan
  • Jim Technology Corp.
  • IHI VTN GmbH
  • IHI Construction Service Co., Ltd.
  • IHI Magyarorszag Zrt
  • Electrical & Mechanical Construction Co.
  • IHI Corp. Pension Fund
  • IHI Machine Tech Asia Co. Ltd.
  • IHI Asia Pacific (Thailand) Co. Ltd.
  • IUK (Hong Kong) Ltd.
  • IHI do Brasil Representacoes Ltda.
  • Contratistas IHI E&C Mexico SA de CV
  • IHI Transport Engineering Malaysia Sdn. Bhd.
  • PT Cilegon Fabricators
  • Shanghai Star Modern Agriculture Equipment Co. Ltd.
  • IHI System Technology Taiwan Co. Ltd.
  • IHI Aero Engines US Co. Ltd.
  • IHI Infrastructure Europe SRL
  • Wuxi IHI Turbo Co. Ltd.
  • IHI California, Inc.


  • Moog Inc. Class A
  • Cargotec Oyj Class B
  • PT Selamat Sempurna Tbk
  • Miura Co., Ltd.
  • Gaztransport & Technigaz SA
  • Aerojet Rocketdyne Holdings, Inc.
  • Garrett Motion, Inc.
  • Ashot Ashkelon Industries Ltd.
Last Updated on 11 May, 2021

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more