Statements: Hitachi

Canonical ID: ir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe · Entity type: Company (reference)

PropertyValueLangSource datasetSource IDFirst seen
Company:countryjpir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:idbfd546d471ffda5ed24dff32e977db10e30d3745ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:nameHitachiir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesIn 2010, Hitachi Construction Machinery Middle East hosted a seminar with Touranto employees to increase product support revenue (http://www.hitachi-c-m.com/mideast/news/press/PR20101020141110594.html)ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesWe anticipate that our sales into the aforementioned countries will not change significantly in the near future, unless there is a dramatic change in the political and security climate in these countries. Due to the immaterial amount of sales into these countries both individually and in the aggregate, we do not believe that these operations constitute a material investment risk to our security holders."ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesIranian company Diesel Motor A.F.Z. (“Diesel Motor”) cites Hitachi as a customer on its company website. (Diesel Motor Website, “Home”). (http://dieselmotor.ir/)ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesHitachi global website lists Parkish Co. in Tehran as a service center (Hitachi Global Website).  -- (http://www.hitachi.com/contact/consumer/ss_middleeast.html)ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesHitachi's subsidiary, Hitachi Construction Machinery Middle East, published an article about its dealers on its website, in which it discusses Iran-based Touranto Co P.J.S, a “privately owned company (that) supplies earth moving/material handling machinery and accessories to America, Asia and Europe from leading manufacturers such as Bobcat, Terex, Indeco, Montabert, and of course Hitachi” (Hitachi Company Website).  (http://www.hitachi-c-m.com/mideast/company/mec/meetdealers/meettouranto/index.html)ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesHitachi has provided the Ghadir Urea and Ammonia Petrochemical Company (“Ghadir”) with seven induction motors since 2008.  Ammonia and urea both have widely recognized military uses.  Ammonium nitrate fertilizer, for example, “is used to make 95% of the bombs in Afghanistan (Global Security. “Explosives– Ammonium Nitrate”).  The Iranian government’s National Petrochemical Company owns a 48 percent share of Ghadir and has also been listed as an entity of potential concern for WMD related procurement (Iran Watch. “National Petrochemical Company”).   (http://www.globalsecurity.org/military/systems/munitions/explosives-anfo.htm) (http://www.iranwatch.org/suspect/records/national-petrochemical-company.html)ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesWe have no assets or liabilities in any of these countries. Revenues during these periods were derived from sales to unaffiliated third parties by Hitachi, Ltd. and certain of our subsidiaries. The sales into these countries were immaterial to each of these entities.ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notes"Hitachi Ltd. has signed a preliminary agreement to supply advanced equipment and technology for the Persian Gulf Bid Boland Gas Refinery project in the southern Khuzestan Province. The agreement includes the supply of compressors, vapor recovery units and gas storage equipment by the Japanese conglomerate, NIPNA, the official portal of the National Petrochemical Company, reported on Tuesday." (July 2017) (https://financialtribune.com/articles/energy/67788/hitachi-signs-deal-to-supply-gas-technology)ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesUnited Against Nuclear Iran (UANI) on Thursday announced that Japanese technology conglomerate Hitachi has decided to end its business in Iran. Following discussions with UANI, Hitachi this week informed UANI that it "has stopped all new business with Iran and is in the process of winding down contracts pre-existing our policy directive to end all new business." (UANI Press Release, "UANI Applauds Hitachi for Ending Its Business in Iran, Following Discussions with UANI", 12/1/2011)  (https://unitedagainstnucleariran.com/news/uani-applauds-hitachi-ending-its-business-iran-following-discussions-uani)ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesRevenues to these countries primarily comprise maintenance of thermal power plants, sales of turbo compressors for oil refining plants, induction motors for industrial plants, construction machinery, flat panel TVs and DVD cameras. In the year ended March 31, 2004, we recorded revenues amounted approximately ¥0.2 billion ($1.4 million) from sales in North Korea, which represent sales by Hitachi, Ltd. of nuclear power equipment through the Korean Peninsula Energy Development Organization, a multi-lateral organization established by the U.S., South Korea and Japan, following the agreement between the U.S. and North Korea aiming to freeze and ultimately dismantle North Korea’s nuclear program.ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesHitachi has installed ten highly advanced H-25 gas turbines since 2007 (Hitachi Website. “Thermal Power Systems: Experience”) and over 17 induction motors for industrial plants in the Iranian energy sector since 2006.  One of the end-users for these induction motors was the Arak Petrochemical Corporation, a company listed by the British government as an entity of potential concern for WMD-related procurement. (Hitachi Website. “Induction Motor. Supply Record: Iran”; Iran Watch. “Arak Petrochemical Corp”) (http://www.power-hitachi.com/products/sc/experience.html) (http://www.hitachi.co.jp/products/power/induction-en/supply_record/iran/index.html) (http://www.iranwatch.org/suspect/records/arak-petrochemical-company.html)ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notesIn a 2007 Correspondence with the SEC, Hitachi said the following (SEC correspondence with Hitachi, 3/30/2007): (http://www.sec.gov/Archives/edgar/data/47710/000119312507069383/filename1.htm)ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:notes"We have de minimis contacts in each of the five countries, Iran, the Sudan, Syria, North Korea and Cuba, designated as state sponsors of terrorism by the U.S. State Department. Total revenues received from all of the five countries combined were approximately ¥10 billion ($84 million), ¥8 billion ($67 million) and ¥4 billion ($37 million) for the years ended March 31, 2006, 2005 and 2004, respectively, which constitute approximately 0.1%, 0.09% and 0.05% of our consolidated revenues of respective fiscal year. We do not believe that the operations, either individually or in the aggregate, constitute a material investment risk to our security holders.ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:sectorConglomerateir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:sourceUrl https://www.unitedagainstnucleariran.com/company/hitachiir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:tickerTYO: 6501ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:topicsexport.riskir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
Company:website http://www.hitachi.com/ir_uani_business_registryir-br-co-ee0d612195c3a87b90f299fb94926744f7691ebe
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