Japan Drilling
"The oil rigs currently operating in Iranian waters mostly work for Iranian state-owned companies. The rigs are owned by a variety of foreign firms, including Norway's Sinvest, London-based Foresight Group, China Oilfield Service, Japan Drilling and Saipem, a subsidiary of Italian oil giant ENI. Industry sources said they would probably be certified by either Lloyd's or Bureau Veritas. BV did not respond to inquiries." (The Washington Post, "Congress sees shipping-certification firms as tool to tighten Iran noose," 12/5/2011)
Toyota Motor Corporation
"Toyota Motor Corp (7203.T) said on Wednesday it had suspended auto exports to Iran indefinitely since June, amid growing international scrutiny of companies dealing with the country." (Reuters, "Toyota says halted exports to Iran since June," 8/11/2010)
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"Sales of Toyota vehicles in Iran are handled by an independent Iranian company, and over the last five years, Toyota’s sales there represented less than a 1 percent share of the Iranian market, said a company spokesperson, Mira Sleilati." Toyota was the recipient of $154.4 million in US funds and revenues to conduct business in Iran. Their business activities in Iran are active. (The New York Times, "Profiting from Iran, and the U.S.", 3/6/2010)
Sumitomo Group
Sumitomo Group is the parent company of another IBR listed company, Sumitomo Mitsui Financial Group.
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"Sumitomo Mitsui Financial Group Inc., Japan’s second-largest publicly traded bank, has identified transactions that may have violated U.S. economic sanctions, the bank said in a securities filing. The bank said it voluntarily disclosed 'a limited number' of transactions with Cuba, Iran, Sudan and other countries to the Treasury Department’s Office of Foreign Assets Control, which enforces U.S. sanctions....The bank has a representative office in Iran and provides financing to entities there." (Wall Street Journal, "Sumitomo Mitsui Financial Group Discloses Potential Violations of US Sanctions," 10/22/10)
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"Reports issued by U.S. researchers attempting to document activity by multinational companies in Iran have named...units of Japan's three largest banks--Mitsubishi UFJ Financial Group Inc, Sumitomo Mitsui Financial Group and Mizuho Financial Group Inc--as doing business that could possibly run afoul of new U.S. rules.A widely circulated report issued this year by a former U.S. Treasury Department official on global banks doing business with Iranian banks named the Big Three Japanese financial institutions. Spokespeople for the three Japanese banks declined to comment on the accuracy of the report, or how the law might affect their operations in Iran." (Wall Street Journal, "New U.S. Law on Iran May Hurt Japanese Firms," 7/1/2010).
Toyo Engineering Corporation
Two Japanese Toyo Engineering workers are in Iran to deal with any defects in a plant the firm completed in 2009. According to a company source, they must stay there for at least another year.Though the firm feels it is important to take the Japanese and Western government positions into consideration, Toyo Engineering said it cannot fail to complete its contract. (The Nikkei Business Daily, " Japan Plant Builders Stepping Away From Iran," 10/14/2010)
JX Group
JX Group is a Japanese energy conglomerate that is the parent company of Japan Energy and Nippon Oil. JX Group refines and sells petroleum products (gasoline, petrochemicals, lubricants), imports and sells gas, and generates and sells electricity. These products are marketed under the brand name ENEOS. It invests through JX Holdings (Company Website).
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JX was identified by energy industry analysts to have purchased 53,000 barrels of crude oil per day from Iran in 2010.
Furukawa UNIC
UNIC is a Japanese hydraulic crane manufacturer specializing in truck mounted cranes and mini crawler cranes with a turnover of $485 million and over 60 overseas sales locations. They are owned by the Furukawa Group. As of 2007, they are the world’s 16th largest crane manufacturer.
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Recently, photos have been published in Iranian media of public hangings using UNIC cranes.
Kobelco
Kobelco is the imprint of the Kobe Steel Group, a Japanese metals company that also manufactures construction equipment. As of 2007, they were the 8th largest crane manufacturer in the world. Kobelco has a strong US presence through subsidiary Kobelco North America.
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Kobelco cranes and construction equipment are sold through an exclusive Iranian distributor, Persia Sanat Machine Co., which makes the full line of Kobelco construction equipment available for purchase in Iran.
Tadano
"A Japanese heavy machinery manufacturer said it has cut business ties with the Iranian government following a report that its cranes have been used for public executions. The company's announcement came several days after United Against Nuclear Iran President Mark D. Wallace published an op-ed in Los Angeles Times where he names the Japanese Tadano company as one of several companies exporting cranes to Iran. 'In response to Iran's brazen attempts to intimidate and terrorize its own people, United Against Nuclear Iran has launched a Cranes Campaign. The goal is to educate crane manufacturers worldwide about the Iranian regime's clear misuse of their products and how such use can tarnish their brand image,' Wallace wrote." (YnetNews. "Japanese firm cuts ties with Iran over crane executions," 7/15/11)
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Tadano is Japan's largest manufacturer of cranes and lifting equipment. Tadano manufactures all-terrain cranes, aerial work platforms, truck cranes, boom trucks, and other construction equipment (Company Website). In 2010, Tadano had over $1 billion in net sales (Annual Report). Tadano has a large American presence.
Tadano lists an Iranian subsidiary, IER Iran, on its website. IER Iran imports a wide variety of construction equipment, including Tadano cranes, into Iran. Tadano's cranes are used by the Iranian regime to publicly execute dissidents (Photo).
TDK Corporation
"TDK-EPC, a group company of TDK Corporation, has developed a series of TDK pulse transformers in SMD design for LAN use. The new product enables customers to employ automated placement of all components on the circuit board and using reflow solder and thus simplify their manufacturing processes. With an inductance of at least 200 µH and an inser-tion loss of not more than 1.5 dB, the new ALT4532-001T series of pulse transformers features the similar electrical properties as its predecessor product. Mass production began in February 2010." (Listed on Fara Modje Asia, Iranian industrial electronics and telecommunications retailer)
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