MEMO FOR RECORD : (SCAPIN - 1725)
3 June 1947
1. CLO Memorandum No. 5095 (LO 1585/825), 3 October 1943, forwards application of Japan Radio Company, Ltd. for change of its status and removal of its subsidiaries from the Schedule of Restricted Concerns established by SCAP Memorandum AG 004 (8 Dec 45) ESS/AC (SCAPIN-403) 8 December 1945, subject: "Establishment of a Schedule of Restricted Concerns," to which it was added by SCAP Memorandum AG 004 (14 May 46) ESS/AG (SCAPIN-813) 14 March 1946, subject: "Addition of . . . Japan Radio Company, Ltd. , . . . and . . . Subsidiaries and Affiliates to Schedule of Restricted Concerns. "
2. The company requests that its status as a holding company be changed and that the company be designated a subsidiary of Okura Industrial Company, Ltd., which concern owns fifty one (51) percent of Japan Radio Company, Ltd. shares and that its subsidiary concerns be removed from the Schedule of Restricted Concerns.
3. Release of the subsidiary concerns listed in paragraph 4, below, is justified at this time for the following reason:
a. All shares held by objectionable interests have been transferred to the Holding Company Liquidation Commission which now exercises all rights accruing to a stockholder of record.
b. No officer or director holds a concurrent position in any other Restricted Concern.
c. No monopoly or excessive concentration of economic power exists.
4. In view of the above, the following subsidiaries of Japan Radio Company, Ltd. are hereby released from the Schedule of Restricted Concerns by the attached Memorandum:
COMPANY CAPITALIZATION STATUS
Chikuma Wireless Company, Ltd. \ 195,000 Never operated
Chuo Die Cast Industry Works, Ltd. \ 150,000 Liquidated
Fuji Electric Industry Works, Ltd. \ 180,000 Liquidated
Hokuriku Wireless Company, Ltd. \ 590,000 Liquidated
Japan Molybdenum Industry, Ltd. \ 180,000 Never operated
Japan Wireless Ceramics Company, Ltd. None Never established
Japan Wireless Heavy Industry Company, Ltd. \ 500,000 Shares sold prior to restriction
Shitsuki Electric Industry, Ltd. \ 2,500,000 Not operating
Toa Metallurgy Company, Ltd. \ 1,500,000 Shares sold prior to restriction
Tokyo Machinery Industry, Ltd. \ 190,000 Not operating
Tsujimoto Electric Engineering Works, Ltd. \ 190,000 Liquidated
5. a. That part of the above application requesting Japan Radio Company, Ltd. be designated as a subsidiary of Okura Industrial Company, Ltd. is not favorably considered:
b. Release of the following subsidiary concerns of Japan Radio Company, Ltd. is not favorably considered:
Dengen Industry, Ltd. (Dengen Kogyo K. K.)
Imperial Communication Industry, Ltd. (Teikoku Tsushin Kogyo K. K.)
Japan Metallurgy Company, Ltd. (Nippon Yakin K. K.)
Japan Wireless Parts Company, Ltd. (Nihon Musen Buhin Seisakujo K. K.)
Mitaka Industry, Ltd. (Mitaka Kogyo K.K.)
Nittsu Industry, Ltd. (Nittsu Kogyo K. K.)
Shinano Industrial Company, Ltd. (Shinano Sangyo K. K.)
Shuho Printing Company, Ltd. (Shuho Insatsu K. K.)
Tonegawa Precision Machine Company, Ltd. (Tonegawa Seiki K.K.)
Toshin Electric Company, Ltd. (Toshin Denki K.K.)
6. This is an administrative matter and no surveillance by the Eighth Army is required.
7. The interests of USAFIK are not concerned.
8. Concurrences: ESS/LE (Mr. E. J. Carrington); CCS (Mr. T. E. Nivison).
E. C. W. - 26-6561