About the company
Daiwa House Group/Fujita Corporation
Daiwa House Group is one of Japan’s largest construction and land management companies. It has a subsidiary, Fujita, which operates in Burma.
Fujita, Tokyo Tatmono Co, Japan’s state investment firm JOIN, and the Japan Bank for International Cooperation (JBIC) are all involved in a consortium that pays rent to the Burmese military for land for a complex they built and financed. Known as the Y Complex, the development of shops, offices and a hotel is estimated to be paying the military around $2 million a year in rent. We understand that development of the project is currently suspended.
Contact:
Keiichi Yoshii
President, CEO
Daiwa House
3-3-5 Umeda, Kita-ku
Osaka 530-8241
Japan
Email: dh.ir.communications@daiwahouse.jp
Sources:
New evidence details Japanese payments to Myanmar army for Y Complex land lease, Justice for Myanmar, 24th March 2021
Japan state-funded hotel deal pays rent to Myanmar defence ministry, by Ju-min Park, John Geddie, Reuters, 24th March 2021
https://www.reuters.com/article/us-myanmar-politics-japan-insight-idUSKBN2BG0FF
Statement regarding the business in Yangon, Myanmar, Fujita Corporation, 26th July 2021
Notified 20th January 2022 by post, emailed 4th February 2022.
Added to the Dirty List 1 March 2022
