Loan for Finance Business Required for Manufacturing and Sales of Electric Appliances by Japanese Company
Supporting Overseas Business Expansion of Japanese Company
- Region: Others
- Manufacturing and Services
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed on December 23 a loan agreement with Sharp Corporation (Sharp). The loan is co-financed with private financial institutions.
This loan is intended to provide Sharp’s subsidiaries in multiple countries with the funds necessary for the manufacture and sale of Sharp’s products, through its overseas financial subsidiary. The loan follows a similar loan made to Sharp in October 2020*1
Sharp is a general electric appliance company that manufactures and sells a wide range of products, from LCD TVs to home appliances. It runs a broad range of businesses worldwide and backs its global subsidiaries’ manufacturing and selling of Sharp's products through the overseas financial subsidiary. This loan supports Sharp’s overseas business such as this, thereby contributing toward maintaining and strengthening the international competitiveness of Japanese industry.
As Japan’s policy-based financial institution, JBIC will continue to support the overseas business expansion of Japanese companies by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.