IHI Corp - Company Profile
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Business Description
IHI Corp (IHI) is a manufacturer of heavy machinery that provides technology-driven products and services to customers across public, private, and industrial sectors globally. The company's diverse product portfolio includes material handling equipment, compressors, separators, aero engines, rolling mills, boilers, gas engines, gas turbines, marine diesel engines, steel furnaces, agricultural machinery, turbochargers, superchargers, and environmental preservation systems, among others. Additionally, IHI engages in real estate leasing and sales. Its products are utilized in various industries, including energy, transportation, construction, and aerospace.
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R&D Overview
IHI has undertaken a range of R&D initiatives across various business areas. In the Resources, Energy and Environment segment, the company is focusing on clean energy, particularly fuel ammonia, and has demonstrated 100% ammonia combustion in gas turbines and conducted green ammonia combustion tests in Indonesia. In the Social Infrastructure segment, IHI completed the renewal of the Expressway Daishi Bridge using proprietary scaffolding technology. The Industrial Systems and General-Purpose Machinery segment is working on CCUS technology and developing turbochargers for hydrogen-combustion engines. The Aero Engine, Space and Defense segment is advancing carbon-neutral technologies and developing satellite data services. The company is also synthesizing sustainable aviation fuel and developing ultra-low-temperature cooling systems in its head office divisions. The R&D units of IHI include the Resources, Energy and Environment Business Area, Social Infrastructure Business Area, Industrial Systems and General-Purpose Machinery Business Area, Aero Engine, Space and Defense Business Area, and head office divisions. These units are responsible for managing the company's R&D activities in their respective fields, focusing on innovation and technological advancements. In FY2026, the company spent JPY39,657 million, which grew 16.5% YoY.
Business Segments
- Aero Engine, Space and Defense
- Industrial Systems and General-Purpose Machinery
- Others
- Resources, Energy and Environment
- Social Infrastructure
Overview
This segment encompasses the manufacturing, sales, and provision of services related to aero engines, rocket systems, space utilization systems, and defense systems. The product offerings include rockets, rocket propulsion systems, rocket control systems, satellite propulsion systems, satellite control systems, equipment for utilizing the space environment, space station-related equipment, ground test facilities, and ground support facilities. In FY2026, the segment incurred a capital expenditure of JPY49,082 million, which grew 27.1% YoY.
Performance
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Overview
This segment involves the manufacturing, sales, and provision of services related to vehicular turbochargers, parking solutions, rotating machinery, heat treatment and surface engineering, transport machinery, and logistics and industrial systems. The product lineup includes compressors, separators, cryogenic products, and turbochargers for vehicles, as well as advanced parking and logistics systems. IHI also manufactures steelmaking equipment, heat treatment and surface engineering solutions, pulp and paper machinery, ship machinery, and agricultural machinery. In FY2026, the segment incurred a capital expenditure of JPY12,033 million, which declined 33.1% YoY.
Performance
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Overview
This segment includes the inspection and measurement business, the manufacturing and sale of related equipment, as well as services associated with these operations and other service activities. In FY2026, the segment incurred a capital expenditure of JPY12,509 million, which declined 25.5% YoY.
Performance
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Overview
This segment encompasses the manufacturing, sales, and provision of services related to power systems, including power generation, carbon solutions, and nuclear energy. It focuses on decarbonization and the circular economy. It encompasses several divisions, including Carbon Solutions, Gas Turbines/Diesel Engines/Gas Engines, and Nuclear Energy. Key products include highly efficient utility boilers, eco-friendly engines, LNG receiving terminals, and nuclear facility equipment. Includes to reduce CO2 and NOx emissions while providing tailored energy solutions, such as the "Local Energy Sustainability" project in Soma, Fukushima. In FY2026, the segment incurred a capital expenditure of JPY7,245 million, which declined 11.5% YoY.
Performance
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Overview
This segment encompasses the manufacturing, sales, and provision of services related to bridges and water gates, transport systems, shield systems, and concrete construction materials. Notable projects include the Akashi Strait Bridge and Turkey’s Osman Gazi Bridge. The segment also includes urban development, security, and environmental monitoring needs. Products encompass bridges, watergates, tunneling machines, and various transportation systems, ensuring improved quality and safety for communities worldwide. In FY2026, the segment incurred a capital expenditure of JPY2,582 million, which declined 9.4% 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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