Imbari Shipyard

First established in 1901, shipbuilding facilities in Ehime Prefecture were consolidated under the Imabari Shipbuilding name in 1942.

On January 1, 2021, Imabari Shipbuilding (with 51% of shares) merged into a new joint venture with Japan Marine United ('JMU') (with 49% of shares) named Nihon Shipyard, covering all ship types except LNG tankers. Nihon Shipyard is headquartered in Tokyo, with a staff of 500. In parallel, Imabari Shipbuilding bought 35% of JMU's capital.

The cooperation between these two Japanese companies make it one of the largest marine engineering and shipbuilding companies in the world.

The company is privately held and tightly controlled and run by the Higaki family. In 2016 it reported commercial vessel production as measured by cargo-carrying capacity for a total of about 4 million tons, six times more than Mitsubishi Heavy and seven times more than Mitsui Engineering. Its revenue in that year totaled 373.4 billion yen ($3.43 billion). Globally, it boasts the fourth-largest market share, after South Korean rivals Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering.

Source: Wikipedia