- 7 -
subsidiaries continued to manufacture electrical and electronic
connectors.
Burndy-US’s sales were $300 to $350 million per year in the
years in issue.
3. Furukawa and Sumitomo
During the years in issue, Sumitomo Electric Industries,
Ltd. (Sumitomo), and Furukawa Electric Co., Ltd. (Furukawa),
manufactured electrical wires, cables, and connectors for
Japanese electric utility companies. They competed against each
other. They were among the largest cable manufacturers in Japan.
Sumitomo had annual sales of $5 to $8 billion in the years in
issue. Furukawa’s sales were slightly less.
B. Japanese Ministry of International Trade and Industry
Japan restricted the entry of foreign-controlled companies
into Japan after World War II. The Foreign Investment Law (Law
No. 163 of 1950) and the Foreign Exchange Control Law (Law No.
228 of 1948) ensured that Japanese interests retained a majority
interest in jointly owned companies. The Japanese Government
began to relax these restrictions in 1964. In 1971, foreign
investors could own 50 percent of Japanese companies in most
industries, and 100 percent in many industries. By 1973, foreign
investors could own 100 percent of Japanese companies in most
industries. The Japanese Ministry of International Trade and
Industry (MITI) had responsibility for controlling foreign
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011