Toyota Tsusho Corporation

"While identified by CalPERS in 2015 as not meeting threshold criteria for consideration under the Act, in 2017 the company was reported as potentially having operational trade business in Iran helping coordinate various types of businesses between Japanese and Iranian companies. 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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In 2020, the U.S. state of Mississippi listed Toyota Tsusho on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting.

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

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On March 13, 2019, the Mississippi Department of Finance & Administration identified Toyota Tsusho as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran

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In 2018, the California State Public Employees Retirement System (“CalPERS”) designated Toyota Tsusho “Under Review.” In 2019, CalPERS designated Toyota Tsusho as “Being Monitored” because CalPERS “initial screening has not identified the company as having involvement in the [activities] targeted by the [2019 California Public Divest from Iran] Act.

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In 2017, CalSTRS designated Toyota Tsusho Corp. as “Under Review” for reportedly having an operational trade business in Iran which helps coordinate various types of businesses between Japanese and Iranian companies. CalSTRS maintained the “Under Review” designation in 2018.In 2019, CalSTRS removed Toyota Tsusho from its list.

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In 2017 the U.S. state of California listed Toyota Tusho Corp as a company under review for reportedly having an operational trade business in Iran which helps coordinate various types of businesses between Japanese and Iranian companies.

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In 2017 the U.S. state of Minnesota, Mississippi listed Toyota Tusho on its Iran restricted companies list rendering Toyota Tusho ineligible for investment and/or state contracting.

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Subsidiary of Toyota Group.

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In 2016 Tennessee used the South Carolina list of "Entities Ineligible to Contract with the State of South Carolina or any Political Subdivision of the State per the Iran Divestment Act of 2014, S.C. Code Ann." as its list of persons it determines engage in investment activities in Iran. Toyota Tusho was included on this list in 2016. "Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list."

In 2018 Tennessee used the New York list of “Entities determined to be non-responsive bidders/offerers pursuant to the New York State Iran Divestment Act of 2012.” BPCL was included on this ist in 2018. Tennessee states "Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list."

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According to Reuters, Toyota Tsusho maintains its business relations with Iran. (Reuters, “Japan's JX renews Iran term crude contracts for 2016 – sources,” 1/5/2016).

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In 2015 Toyota Tsusho was removed from Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement In Iran because the company's "involvement in purchases of crude oil falls under the waivers granted by the U.S. government that meet Section (a)(2) of Act 44's expiration clause."
 

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"Besides Mitsubishi, another trading house, Toyota Tsusho has been also lifting Iranian crude since April for the top two buyers, the sources added."a href="http://www.reuters.com/article/2012/06/22/japan-iran-mitsubishi-idUSL3E8HM3VC20120622">Japan's Mitsubishi renews Iran oil imports deal," 6/22/12)

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In 2011, Toyota Tsusho was added to the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran because of oil-related investment of US $20 million since 1996.

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" In 2009, Iran exported about 421,000 bpd of crude to Japan. It was overtaken by Qatar, however, as Japan's third-largest crude supplier.  Many of Japan's top refiners buy Iranian crude, including Showa Shell Sekiyu (5002.T), Nippon Oil (5001.T), Japan Energy, Cosmo Oil (5007.T). Trading house Toyota Tsusho (8105.T) also has a deal to buy crude from the Islamic republic." (Reuters, "Iran's crude export and fuel import customers," 4/13/2010)