Fuji Heavy Industries Ltd. (FHI) last month held an extraordinary meeting of its Board of Directors and resolved to change its company name to Subaru Corporation beginning April 1, 2017. The implementation of the name change is subject to shareholder approval for amendments to the company’s Articles of Incorporation at the 85th General Meeting of Shareholders scheduled for June 28, 2016.
The origins of FHI date back to the foundation of the Aircraft Research Laboratory (later to become Nakajima Aircraft Co. Ltd.) in 1917. After going through a number of reorganizations, FHI was established under its current name in 1953. Since then, the company has expanded its businesses ranging from aerospace and industrial products segments to its primary business of Subaru automobiles which began with the introduction of the Subaru 360 minicar in 1958.