Japan

According to its company website, Toyota Motor has an oversea distributor in Iran that is named Irtoya Co. 

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On January 20, 2020, Minnesota SBI listed Toyota Motor as a scrutinized investment. The managers are explicitly instructed to refrain from purchasing securities on this list

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According to its Annual Report filed with the SEC for fiscal year 2018: Toyota Kirloskar Motor Private Limited, a majority-owned subsidiary of Toyota, sold one Toyota vehicle to the Iranian embassy in India. 

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"The world's largest carmaker selling a single vehicle to a country of 82 million people is not usually a recipe for controversy. But that's what Toyota is facing after it issued an apology and revealed on October 24 that the Japanese car manufacturer's Indian subsidiary, Toyota Kirloskar Motor Private, sold one vehicle to the Iranian Embassy in New Delhi in early 2017. (October 25, 2017)

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According to its Annual Report filed with the SEC for fiscal year 2015: "During the fiscal year ended March 31, 2015:      

• Toyota Tourist International, Inc., a majority-owned subsidiary of Toyota, obtained three visas from the Iranian embassy in Japan in connection with certain travel arrangements.
• Tokyo Toyota Motor Co., Ltd., a wholly-owned indirect subsidiary of Toyota, performed maintenance services for Toyota vehicles owned by the Iranian embassy in Japan.

Altogether, the above activities contributed an insignificant amount in gross revenues and net profit to Toyota. Toyota believes that none of the above transactions subject it or its affiliates to U.S. sanctions. Toyota Tourist International intends to cease conducting the activities described above. Tokyo Toyota Motor may, if requested by the Iranian embassy in Japan, continue to perform maintenance services relating to vehicles owned by such embassy, in accordance with applicable laws and regulations, in order to honor Toyota’s commitment to the safety and reliability of its vehicles."

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According to its Annual Report filed with the SEC for fiscal year 2014: "During the fiscal year ended March 31, 2014:

• Toyota Tourist International, Inc., a majority-owned subsidiary of Toyota, obtained eight visas from the Iranian embassy in Japan in connection with certain travel arrangements.
• Tokyo Toyota Motor Co., Ltd., a wholly-owned indirect subsidiary of Toyota, performed maintenance services for Toyota vehicles owned by the Iranian embassy in Japan.

Altogether, the above activities contributed an insignificant amount in gross revenues and net profit to Toyota. Toyota believes that none of the above transactions subject it or its affiliates to U.S. sanctions. Toyota Tourist International intends to cease conducting the activities described above. Tokyo Toyota Motor may, if requested by the Iranian embassy in Japan, continue to perform maintenance services relating to vehicles owned by such embassy, in accordance with applicable laws and regulations, in order to honor Toyota’s commitment to the safety and reliability of its vehicles."

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"[T]he auto sanctions were lifted earlier this year after an interim nuclear agreement was reached between Iran and world powers and a final accord is still on the horizon, raising the prospect of better times for the industry. That will draw international suitors to Tehran on Monday for the second consecutive Iran Auto Show. Mercedes Benz, Volkswagen, Renault, Peugeot, Kia and Toyota have confirmed [they will attend]." (Agence France-Presse, "Foreign automakers find Iranian market has gone local," 11/30/14)

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"Iran totally imported 51,967 cars in the first half of the current Iranian calendar year (March 21 - September 22). Hyundai with 24,991 cars was the main exporter of cars to Iran in the mentioned period, Peykhabar News Website reported on Nov. 15. Kia Motors with 9,339 cars, Geely with 5,783 cars, Toyota with 4,528 cars..."(Trend, "Korea’s Hyundai gains lion share of Iran’s car imports market," 11/16/14)

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"Last week, Qorbani announced that Benz, Volkswagen, Volvo, Fiat, Rover, Skoda, Renault, Peugeot, Kia and Toyota would take part in the Iranian auto expo, adding that the US car-manufacturers would also join the event. 'In case of desirable conditions, General Motors and Ford companies will also attend the event.' He continued that some leading car parts makers, including Siemens, FORD Mendo, Busch, FRW and ACI would attend the gathering. The event will start work on December 10." (Fars News, "55 Giant Int'l Carmakers, Part-Makers to Participate in Iranian Auto Expo," 11/2/14)

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"Indonesian ambassador to Tehran Dian Wirengjurit announced that his country plans to help Iran to set up assembly-line of Toyota cars in Aras Free Zone in the Northwestern parts of the country. 'Negotiations with the head of the Indonesian plant of Toyota Company have been held and he has agreed with launching assembly-line of Toyota cars in Aras Free Zone,' the Indonesian ambassador said in a meeting with Managing Director of Aras Free Zone Mohsen Khadem on Wednesday. The Indonesian ambassador pointed to the production of 1.5 million cars in Iran, and said, 'This is a valuable time to import raw materials and tires to Iran with no third party involved.'" (Fars News, "Envoy: Indonesia Agrees with Setting Up Assembly-Line of Toyota Cars in Iran," 8/20/2014)

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"According to the report, 17 car brands have been permitted to be imported in the current year. The cars include Hyundai (2 models), ABT, Alfa Romeo (2 models), MG, SsangYong, Toyota, Renault (6 models), and Kia (2 models)." (Azer News, "Iran bans imports of renowned car brands," 5/27/2013) 

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According to its Annual Report filed with the SEC for fiscal year 2013: "During the fiscal year ended March 31, 2013:

• P.T. Toyota-Astra Motor (“TAM”), an Indonesian company, sold three Toyota vehicles to the Iranian embassy in Indonesia. P.T. Toyota Motor Manufacturing Indonesia, an Indonesian company and subsidiary of Toyota, manufactured and sold the vehicles to TAM. TAM is the sole distributor of Toyota vehicles in Indonesia. As of March 31, 2013, Toyota held 49 percent of the shares of common stock of TAM, and PT Astra International Tbk, an Indonesian company, held the remaining 51 percent of the shares of common stock of TAM.
• Tokyo Toyota Motor Co., Ltd., a wholly-owned indirect subsidiary of Toyota, performed maintenance services for Toyota vehicles owned by the Iranian embassy in Japan.     
• Toyota Tourist International, Inc., a majority-owned subsidiary of Toyota, obtained two visas from the Iranian embassy in Japan in connection with certain travel arrangements."

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"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)

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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).

As of December 2020, Rhode Island continues to list Toyo as having active investment in Iran's energy sector of at least greater than $50 million. The company's subsidiary, Toyo Engineering Canada Ltd., lists an office in Iran. Toyo-Canada specializes in the execution of upstream oil and gas projects. (Toyo Engineering Canada website, 07/2019) 

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Toyo is listed on the 4Q 2020 Minnesota State Board of Investment List of Unauthorized (Scrutinized) Iran Companies.

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"The company was reported as potentially having signed an agreement to develop the Salman field in Iran. In 2018 CalPERS designated the company as under review. In 2019 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. CalPERS has maintained the company in “monitor” status for 2020. CalPERS continues to monitor the company for possible changes in status relevant to the Act."

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Toyo is listed by the Iranian firm, Sazeh Consultants, as a “Participant” in the Borzooyeh Petrochemical Company project.  (Sazeh Consultants Website, “About”).  

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In 2017, CalSTRS designated Toyo Engineering as “Under Review” for reportedly signing an agreement to develop the Salman oil and gas field in Iran. CalSTRS maintained the “Under Review” designation in 2018. 

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In 2017 the U.S. state of California listed Toyo Engineering as a company under review for reportedly signing an agreement to develop the Salman oil and Gas field in Iran.

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In 2017 the U.S. state of Minnesota, Rhode Island, South Carolina, Tennessee listed Toyo Engineering on its Iran restricted companies list rendering Toyo ineligible for investment and/or state contracting.

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"A Memorandum of Understanding was signed on Monday 17 July in Tehran by Gholamreza Manouchehri, Deputy Managing Director of NIOC, Hamid Akbari, CEO of Petropars and Hiroshi Sato, Toyo’s Director of Energy Business Unit, aiming to renew the Salman oil and gas field’s facilities and to boost production." (July 2017)
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In 2011 Toyo was removed from Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement In Iran after it was determined to have past involvement. 

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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)

 In 2017 the U.S. state of Michigan and Mississippi listed JX as an Iran restricted company rendering JX ineligible for investment and/or state contracting.

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Reuters reported: "JX Holdings Chairman Yasushi Kimura said on the sidelines of an industry gathering the refiner’s annual term crude contract with Iran had been renewed, although he could not confirm the volumes. Asked if JX would increase its Iranian volumes once international sanctions put in place against Tehran over its nuclear programme are lifted sometime this year, Kimura said: “That would depend on the economics.” (Reuters, “Japan’s JX renews Iran term crude contracts for 2016 –sources,” 1/5/2016).

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 Now JXTG Holdings

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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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“Two Japanese buyers of Iranian crude, Idemitsu Kosan and Cosmo Oil, are unlikely to raise imports from the Middle Eastern country even after sanctions were eased as part of an initial deal on Tehran's disputed nuclear programme...Japan's biggest importer of Iranian crude, JX Holdings Inc , had also earlier said it would not be increasing its Iran volumes in 2014…JX renewed its annual contract for importing crude from Iran for 2014 with volumes steady to slightly lower compared to last year, an official said last month.” (Reuters, “Japan's Idemitsu, Cosmo unlikely to raise Iranian crude imports,” 1/7/14)

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"Japan's biggest oil refiner JX Holdings has renewed its annual contract for importing crude oil from Iran for 2014, with volumes steady to slightly lower compared to this year. Steady progress in talks between world powers and Iran over Tehran's decade-old disputed nuclear programme is raising hopes shipments from the OPEC member will stabilise next year at the current reduced levels, prompting JX, and potentially, other buyers to renew their contracts…JX will import quantities of Iranian crude that are permitted under the Western sanctions, chairman Yasushi Kimura told reporters on Thursday, but declined to comment on the volumes…An official at JX Nippon Oil & Energy Corp, the downstream oil unit of JX Holdings, said import volumes for 2014 from Iran have not been set formally but have been mostly decided, with steady or slightly lower quantities to be imported compared to 2013 levels. 'Volumes are not rising,' in 2014, the official said. JX Nippon is likely to cut its Iran import volumes to around 60,000 bpd in 2014 from an estimated 73,000 bpd this year, an industry source familiar with the matter said in September." (Reuters, "Japan's JX renews annual Iranian crude import contract for 2014," 12/19/13)

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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.

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. 

"Now owned by the Japan-based Tadano, Demag is featured extensively on Jobasin's website. Jobasin’s CEO, owner, and Managing Director is Alexander Jozak (a.k.a. Ali Jozak), a German- Iranian who was arrested late last year for illegally supplying equipment to Iran, including products used for Iran’s illegal ballistic missile program. According to a report in BILD titled “Hamburg entrepreneurs helped mullahs build bombs,” Jozak is believed to have “procured industrial
equipment with his company and delivered it illegally to Iran through middlemen.”"

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"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-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)

Konica Minolta Medical & Graphic Inc., a subsidiary of Konica Minolta Holdings, Inc., lists an office in Tehran on its website: TEPAK Bldg. Niroo St. Dr. Shariati Ave.,Tehran Iran. (Website)

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Since 1990, Konica's agent in Iran has been the Tepak Company, which sells medical imagery. (Website)

"As one of the companies having the most patent applications worldwide, NEC provides solutions in key areas: computers, networks and electronic equipment" (Company website).

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NEC Semiconductors ranks among the top semiconductor sales leaders worldwide in 2009. iSuppli Corporation supplied rankings for 2009 

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NEC lists a Tehran branch on its website. (Company website)
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VAFA International Trading, an international trading company based in Tehran, features a variety of NEC products on its website, including LCD monitors, plasma displays, medical displays, and projectors. (Iranian company website)

The Iranian company HEPCO lists Komatsu products under license on its company website. (HEPCO Website, “Under License.”)

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We note, too, the “komatsu iran” YouTube channel, which appears to be affiliated with Iran’s Heavy Equipment Production Company (“HEPCO”).

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Iran Komatsu has its own website. 

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Komatsu is listed as a participating company at the 14^th International Exhibition of Transportation & Urban Services & Related Industries which takes place October 27-30^th, 2016 in Tehran Iran. (Participating International Companies)  

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Komatsu Ltd., headquartered in Tokyo, Japan, is a global heavy industry manufacturer that produces and sells construction equipment, mining equipment, and industrial machinery. Komatsu is the second largest manufacturer of construction equipment in the world, behind Caterpillar. Komatsu has a U.S. affiliate, Komatsu American Corp. 

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Iran-based Mehvar Machine Co., one of Komatsu's authorized distributors, participated in Iran's 14th international oil show in 2009 (Iran's 14th Oil Show, Exhibitors List). Mehvar Machine Co. sells Komatsu machinery and spare parts, and offers customer training, service, and repairs (Mehvar Machine Co. Website). According to this website, Komatsu products that Mehvar sells include hydraulic excavators, wheel loaders, motor graders, crawler dozers, bulldozers, dump trucks, lift trucks, containers, and Komatsu accessories.

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Komatsu's other authorized distributor in Iran, Behrad Tehran, mentions the use of its products in sensitive sectors, proclaiming on its website that "Our Process division offers engineering machinery and turn-key projects in almost all fields of industry, mainly oil & gas, petrochemical, polymer & plastics, chemical, pharmaceutical, food & beverages, pulp & paper, cement, and industries related to processing" (Behrad Tehran Website). 

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Komatu's Middle East subsidiary, Komatsu Middle East FZE, has an office in Tehran (Komatsu Company Info). 

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In 2004, Komatsu made an agreement with Hepcoy, an Iranian industrial and mining company, to have Komatsu bulldozers produced in Iran. According to Japanese Ambassador to Tehran Takekezu Kawamura, Japanese companies had "invested more than $2 billion in Iranian oil and gas sectors" by 2004 ("Komatsu Bulldozers to be Produced in Iran"). 

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The machinery that Komatsu makes available to Iran has a wide application in the oil and mining industries, both of which are key to the Iranian economy ("Iran's Economy," The Iranian Trade Association Inc, 2010). 

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In the past decade, Komatsu has received $39.39 million dollars in U.S. federal contracts, 90 percent of which came from the Defense Department (USAspending.gov).