JT: 7751

As of August 27, 2019, Canon is listed on the Illinois Investment Policy Board list of Iran restricted companies.


According to Canon’s 2016 SEC disclosure, Canon has contracts with the Iranian embassies in Tokyo, Japan, Iran Air in Kuala, Malaysia, CSPL in Thailand and India, the Iranian embassy in Australia, Consulate General of Iran in Germany, CENV Iranian embassy in Denmark. Canon has restarted business with certain Iranian counterparties. 


"Canon Middle East manages sales, marketing and technical activities across 36 countries, including Iran, where Canon has been selling products since at least 2000, according to the company Web site."  The company received $503.2 million in revenue and benefits from the US for their business in Iran during 2000-2009.  Their business in Iran is currently active. (The New York Times, "Profiting from Iran, and the US," 3/6/2010)


An AP review of corporate SEC filings found dozens of companies that have done business in Iran in recent years or said their products or services may have made it there through other channels. Some are household names: PepsiCo, Tyson Foods, Canon, BP Amoco, Exxon Mobil, GE Healthcare, the Wells Fargo financial services company, Visa, MasterCard and the Cadbury Schweppes candy and beverage maker. (Associated Press, "From bull semen to bras, Iran still buys American," 7/09/08)

No response at this time.