SCAPIN-1119: ADDITION OF TOYO HIGH PRESSURE COMPANY, LTD. (TOYO KOATSU K.K.) TO THE SCHEDULE OF RESTRICTED CONCERNS
GENERAL HEADQUARTERS
SUPREME COMMANDER FOR THE ALLIED POWERS
APO 500
10 August 1946
AG 004
(10 Aug 46)
ESS/AC
(SCAPIN-1119)
| MEMORANDUM FOR | IMPERIAL JAPANESE GOVERNMENT. |
|---|---|
| THROUGH | Central Liaison Office, Tokyo. |
| Subject | Addition of Toyo High Pressure Company, Ltd., (Toyo Koatsu K. K.), to the Schedule of Restricted Concerns. |
1. References are the following Memoranda for the Imperial Japanese Government from General Headquarters, Supreme Commander for the Allied Powers:
a. AG 319.1 (22 Oct 45) ESS/IE, 25 October 1945, (SCAPIN-177), subject: “Report to be Made by Certain Business Firms.”
b. AG 004 (31 Oct 45) ESS, 31 October 1945 (SCAPIN-215), subject: "Sale or Transfer of Securities of Certain Business Firms.
c. AG 004 (8 Dec 45) ESS/AC, 8 December 1945, (SCAPIN-403), subject: “Establishment of a Schedule of Restricted Concerns.”
d. AG 300.8 (8 Dec 45) ESS/AC, 8 December 1945, (SCAPIN-408), subject: “Regulations Affecting Restricted Concerns.”
e. AG 123 (15 Jan 46) ESS/FI, 15 January 1946 (SCAPIN-599), subject: “Restriction on Dividend Payments.”
f. AG 319.1 (19 Jan 46) ESS/AC, 19 January 1946, (SCAPIN-625), subject: “Reports to be Made by Certain Business Firms.”
g. AG 150 (23 Feb 46) ESS/AC, 23 February 1946, (SCAPIN-767), subject: “War Damage and Government Indemnity Claims of Companies on the Schedule of Restricted Concerns.”
h. AG 248 (24 May 45) E3S/AC, 24 May 1946, (SCAPIN-981), subject: “Payment of Salaries to Executive Officers of Restricted Concerns.”
i. AG 004 (4 Jul 46) ESS/AC, 4 July 1946 (SCAPIN-1053), subject: “Changes in Names of Restricted Concerns.”
2. The Toyo High Pressure Company, Ltd., is hereby added to the Schedule of Restricted Concerns referred to in subparagraph 1c, above.
3. The Imperial Japanese Government will take immediate action to assure that the Toyo High Pressure Company, Ltd., shall comply with the provisions of and make reports required by reference Memoranda listed in paraph 1, above. Wherever reference is made in inclosure 1 and inclosure 2 to reference Memorandum 1a, above, to the year 1944, it shall be amended to read 1946.
4. Direct communications is authorized between the interested Staff Sections of General Headquarters, Supreme Commander for the Allied Powers, and agencies of the Imperial Japanese Government concerned to implement all provisions of this Memorandum.
FOR THE SUPREME COMMANDER:
JOHN B. COOLEY,
Colonel, AGD,
Adjutant General.
MEMO FOR RECORD: (SCAPIN - 1119)
WFM/JMcIH/FCH/gg
26 July 1946
1. Pursuant to the policy set forth in Joint Chiefs of Staff Directive 1380/15, 3 November 1945, investigations are being made of concerns which are not listed on the inclosure to SCAP Memorandum AG 004 (8 Dec 45) ESS/AC, 8 December 1945 (SCAPIN-403), subject: "Establishment of a Schedule of Restricted Concerns," or subsequent additions thereto.
2. The Toyo High Pressure Company, Ltd. (Toyo Koatsu K. K.), with a capital of ¥48,250,000., is a producer of nitrogenous fertilizer, Mitsui Chemical Industry Company, Ltd., owns 34.6% of the shares. Toyo High Pressure Company, Ltd., is one of the three (3) largest producers of fertilizer in Japan and is now engaged in large scale repairs. After these repairs, the yearly production of the three (3) largest producers will be as follows:
Name of Company Yearly Production
Showa Electric Industry Company, Ltd. 400,000 tons
Toyo High Pressure Company, Ltd. 300,000 tons
Nissin (Sumitomo) Chemical Company, Ltd. 250,000 tons
Both Showa Electric Industry Company, Ltd., and Nissin Chemical Company, Ltd., are Restricted Concerns. Although Toyo High Pressure Company plans to produce only fifteen (15) percent of the total production of Japan, because of the stock-ownership of Mitsui Chemical Company, Ltd., as well as the fact that of the big three (3) fertilizer producers only this Company is not at present restricted, it is placed on the Schedule of Restricted Concerns.
3. The interests of USAFIK are not concerned.
4. This is an administrative matter and no surveillance by the Eighth Army is required.
5. Concurrences: ESS/FI (Lt. J. C. Smith); ESS/IN (Maj. R. C. A. Purl); ESS/LE (Lt. Col. E. R. Minnich).
J. McI H.
