Company

Kanemetsu

Trade risk

Japan.

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Summary

moved Kanematsu Corp. to a “Being Monitored” status. CalSTRS has maintained the “Being Monitored” status in 2020." (https://www.calstrs.com/sites/main/files/file-attachments/calstrs-investment-reports-2020.pdf?1609284307)

In 2017, CalSTRS designated Kanemetsu Corp. as “Under Review” for potentially providing motor vehicles and electronic parts to Iran through their distribution service. CalSTRS maintained the “Under Review” designation in 2018. (https://www.calstrs.com/sites/main/files/file-attachments/calstrs_investment_reports_2018.pdf)

Company website list location in Tehran, Iran. (Company Website) (http://www.kanematsu.co.jp/tabid/396/Default.aspx)

In 2017 the U.S. state of California listed Kanemetsu Corp. as a company under review for potentially providing motor vehicles and electronic parts to Iran through their distribution services. (https://www.calstrs.com/sites/main/files/file-attachments/calstrs_investment_reports_2017.pdf)

"Conservative Japanese firms have so far held off taking Iranian crude due to a lack of internationally acceptable insurance coverage, but are looking at ways of using cover provided by the Japanese government, the sources said. The traders seeking to restart purchases together imported around 50,000 barrels per day (bpd) of Iranian oil before sanctions were imposed and renewed purchases would give a boost to Tehran's aim of increasing its exports to 4 million bpd... ... Itochu Corp said it was considering resuming imports of Iranian oil, while trading house Kanematsu Corp which last bought Iran crude in 2010, is also looking to resume purchases at an early date, but has not yet lined up any customers, a company source told Reuters." (Reuters,  "Some Japan trading houses eye resuming Iran oil imports-sources," 10/19/2016). (http://www.reuters.com/article/iran-oil-japan-idUSL3N1CB1MP)

Lists a location in Tehran, Iran on its company website. (http://www.jsmea.or.jp/offshore/pdf/011_hisaka_works.pdf)

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