Electronics

Eizo Corporation

Industry
Electronics
Country
Japan
Sources

"Eizo Corporation reportedly sells monitors for various industries, including air traffic control, in Iran. In 2019, CalSTRS identified Eizo Corporation as potentially having ties to Iran and began the review process. In 2020, CalSTRS moved Eizo Corporation to a “Being Monitor” status while sanction compliance went through additional review."

Aiphone Co. Ltd.

Industry
Electronics
Country
Japan
Sources

"Aiphone, Co. Ltd. reportedly supplies its communications and security equipment in Iran. In 2019, CalSTRS identified Aiphone Co. Ltd. as potentially having ties to Iran and began the review process. In 2020, CalSTRS moved Aiphone Co. Ltd. to “Being Monitored” status while sanction compliance went through additional review."

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In 2019 CalSTRS identified Aiphone Co Ltd. as potentially having ties to Iran for reportedly supplying its communications and security equipment in Iran and begun the review process.

Nidec Corp

Industry
Electronics
Symbol
JP 6594
Country
Japan
Sources

According to its Annual Report filed with the SEC for fiscal year 2014: "During the fiscal year ended March 31, 2014, Nidec Servo Corporation, which is our wholly-owned subsidiary in Japan, sold to Para Industries Inc., indirectly through a third-party Japanese trading company, five thousand units of brushless DC motors to be used in banknote counters manufactured and sold by Para Industries to Bank Melli Iran. The sales of such motors, which were denominated in Japanese yen, generated total gross revenues of ¥4.0 million, and a smaller amount of net profit. Nidec Servo has ceased the sale-purchase transactions since June 2013."

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According to its Annual Report filed with the SEC for fiscal year 2013: "During the year ended March 31, 2013, Nidec Servo Corporation, which is our wholly-owned subsidiary in Japan, sold to Para Industries Inc., indirectly through a third-party Japanese trading company, two thousand units of brushless DC motors to be used in banknote counters manufactured and sold to Bank Melli Iran by Para Industries. During the year ended March 31, 2013, the sales of such motors, all of which were denominated in Japanese yen, generated total gross revenues of ¥1.6 million, and a smaller amount of net profit. Nidec Servo has ceased the sale-purchase transactions with Para Industries after it fulfilled Para Industries’ purchase orders outstanding as of May 31, 2013 for five thousand units of brushless DC motors. Nidec Servo completed the sales in June 2013, and generated gross revenues of ¥4.0 million from such sale."

Kyocera

Industry
Electronics
Symbol
JP 6971
Country
Japan
Sources

According to its Annual report filed with the SEC for fiscal year 2013: "Kyocera’s subsidiary conducted transactions with Iran-related organizations in fiscal 2014, which Kyocera is required to disclose under Section 13(r) of the Securities Exchange Act of 1934, as amended. TA Triumph-Adler Deutschland GmbH (formerly TA Triumph-Adler Norddeutschland GmbH), a wholly-owned subsidiary of TA Triumph-Adler GmbH, which is a wholly-owned German-based subsidiary of Kyocera Document Solutions Inc., had a lease and service maintenance contract for multifunctional peripheral machines and printers with a branch of Bank Saderat Iran in Hamburg, Germany, of which one of the major shareholders is the Government of Iran. This contract began from October 2007 and ended in September 2013. Total sales and interest revenue under this contract were approximately ¥105 thousand and ¥20 thousand, respectively for the six months ended September 30, 2013. The total net profits were substantially less than those amounts. TA Triumph-Adler Deutschland GmbH also had a lease and service maintenance contract for multifunctional peripheral machines with Intra Chem Trading GmbH in Hamburg, Germany, a petrochemical company which is a German-based subsidiary of a petrochemical company in Iran. This contract began from August 2008 and ended in July 2013. Total sales and interest revenue under this contract were approximately ¥21 thousand and ¥5 thousand, respectively for the four months ended July 31, 2013. The total net profits were substantially less than those amounts. Kyocera believes these transactions made by TA Triumph-Adler Deutschland GmbH were conducted in compliance with the applicable laws in Germany."

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According to its Annual Report filed with the SEC for fiscal year 2012: "Kyocera’s subsidiary conducted transactions with Iran-related organizations in fiscal 2013, which Kyocera is required to disclose under Section 13(r) of the Securities Exchange Act of 1934, as amended. TA Triumph-Adler Norddeutschland GmbH (TANG), a wholly-owned subsidiary of TA Triumph-Adler GmbH, which is a wholly-owned German-based subsidiary of Kyocera Document Solutions Inc., has a lease and service maintenance contract for multifunctional peripheral machines and printers with a branch of Bank Saderat Iran in Hamburg, Germany, of which one of the major shareholders is the Government of Iran. This contract began from October 2007 and will end in September 2013, and currently TANG does not intend to renew this contract. Total sales and interest revenue under this contract were approximately ¥172 thousand and ¥55 thousand, respectively. The total net profits were substantially less than those amounts. TANG also has a lease and service maintenance contract for multifunctional peripheral machines with Intra Chem Trading GmbH in Hamburg, Germany, a petrochemical company which is a German-based subsidiary of a petrochemical company in Iran. This contract began from August 2008 and will end in July 2013, and currently TANG does not intend to renew this contract. Total sales and interest revenue under this contract were approximately ¥49 thousand and ¥18 thousand, respectively. The total net profits were substantially less than those amounts. Kyocera believes these transactions made by TANG were conducted in compliance with the applicable laws in Germany."

Arrow Electronics Inc

Industry
Electronics
Country
USA
Sources

According to its Annual Report filed with the SEC for fiscal year 2019: " During the third quarter ended September 28, 2019, the company determined that a limited number of non-executive employees in subsidiaries with offices located in the People's Republic of China had initiated fifteen (15) unauthorized shipments of general purpose electronic components to resellers for re-export to customers located in the Islamic Republic of Iran between January 2017 and December 2018. These shipments require disclosure pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Exchange Act.
The aggregate gross revenue for these shipments was approximately sixty-five thousand six hundred and eighty-nine dollars, $66, the aggregate gross profit was three thousand nine hundred and five dollars, $4, and the aggregate net profit was de minimus. Promptly upon learning of these shipments, the company notified OFAC and BIS of the activities, conducted an internal investigation and terminated or disciplined the employees involved.
These shipments were not made in accordance with the company's internal policies and procedures and the company does not intend to continue this activity and has been improving and will continue to improve procedural protections designed to prevent similar transactions from occurring in the future."

Thermo Fischer Scientific

Industry
Electronics
States
MA
Country
USA
Response

"Thermo Fischer implemented a global policy prohibited transactions with Iran, directly or indirectly, in 2007...In regards to your request that Thermo Fischer sever ties with Ervin Danesh Aryan, I riterate that there are no authorized or known agreements or associations with this or any other company in Iran." (5/5/2017)

Jeio Tech

Industry
Electronics
Country
South Korea
Sources

According to its company website, Jeio Tech has a distributor in Iran. 

Response

"We had a business with Ervin Danesh in before.
But Ervin Danesh hasn’t been contacted to us for long time(more than a year I remember)." (4/28/2017)

Institute of Isotopes Co., Ltd. (IZOTOP)

Industry
Electronics
Country
Hungary
Sources

According to the sanctioned Iranian entity, Kima Pakhsh Shargh's  (“KPS”) website, IZOTOP is a contracting company for KPS.

Response

We have stopped to supply Kimiya with our goods, the shipments were stopped, however we have supplied them with our products belonging to the humanitarian category used as diagnostics for patients.
At the same time we have warned them to cancel our logo from their website. (4/9/2019)

Lenovo Group

Industry
Electronics
Symbol
LNVGF (OTCMKTS)
Country
Hong Kong
Sources

"Among Asian businesses rethinking their dealings with Iran are banks, oil companies and technology giants including Huawei Technologies Co., Lenovo Group, LG Electronics Inc. and Samsung Electronics Co. Also in March, Huawei, the world’s second-largest smartphone maker, laid off most of its 250 staff in Iran, according to businessmen in Tehran. And Beijing-based Lenovo, the world’s largest computer manufacturer, banned its Dubai-based distributors from selling to Iran after a warning from the U.S. Treasury Department, these people said." (Wall Street Journal, "Asian Companies Pull Back From Iran Amid U.S. Pressure," 4/24/2019).