International Standard Electric Corp. - 1967 dated $1,000 6% Sinking Fund Bond - Connections with NEC Corporation

$1,000 Bond. Vignette of female figure holding sword and shield. International Standard Electric Corporation was divided into four groups: telecommunications and electronics, engineered products, consumer products and services, and other. The Company's products include telephone switching equipment, pumps and compressors, home electronic products, captive finance and wood products. (From Bloomberg)

World War II, as described by the company, was the darkest chapter in its history. In 1938, the Mita and Tamagawa plants were placed under military control, directly supervised by military officers. In 1939, Nippon Electric established a research laboratory in the Tamagawa plant, making it the first Japanese company to successfully test microwave multiplex communications. However, on December 22, 1941, the enemy property control law was passed, leading to the seizure of NEC shares owned by International Standard Electric Corporation (ISE), an ITT subsidiary, and Western Electric affiliate. Capital and technical relations were abruptly severed. In October 1943, the “Munitions Company Law” was passed, placing overall control of NEC plants under military jurisdiction. The Ueno plant was leveled by a military attack in March 1945, while the Tamagawa Plant suffered significant damage from fire bombings in April and May, reducing its capacity by forty percent. The Okayama Plant was completely destroyed by a bombing attack in June of the same year. At the end of the war, NEC’s production had been substantially reduced due to damage to its facilities and material and personnel shortages.