JBIC Announces FY2024 Business Results | JBIC Japan Bank for International Cooperation

June 5, 2025

　The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) today announced its business results for FY2024 as outlined below. Details of the business results by region and financial instrument as well as changes in the results over the last five years are shown in the appendices attached to this press release.

Ⅰ． Loans, Equity Investment, and Guarantees

In FY2024, JBIC made financial commitments totaling approximately JPY1,506.1 billion in loans, equity participation, and guarantees, a decrease of 26% from the previous year.
Outstanding loans and equity participation totaled approximately JPY15,792.1 billion, and outstanding guarantees were approximately JPY1,329.0 billion as of March 31, 2025, with the total outstanding amount for those financial instruments reaching approximately JPY17,121.1 billion.

Ⅱ． Major Business Activities in FY2024

In FY2024, which is the first year of the Fifth Medium-Term Business Plan (FY2024–FY2026), JBIC implemented distinctive projects aligned with its key focus areas by drawing on its unique function. These are projects contributing to decarbonization under the Asia Zero Emission Community (AZEC) concept; projects supporting Japan's economic security and supply chain resilience, such as copper mine development, semiconductor production, and data center construction; projects utilizing new technologies in areas such as geothermal power generation and 5G network infrastructure; and projects in collaboration with international financial institutions to support countries surrounding Ukraine. The specific projects are listed below as items 1 through 4.

1． Support for Realizing a Sustainable Future

JBIC contributes toward realizing a sustainable future, by achieving carbon neutrality, a global common challenge, and by addressing social issues faced by host countries, in cooperation with various stakeholders.

(1) Contributing toward Realizing Both Carbon Neutrality and Economic Growth

JBIC has engaged in operations across Asia, primarily in Vietnam, Indonesia, the Philippines, Malaysia, Thailand, and Singapore, to promote the Asia Zero Emission Community (AZEC) concept, which is advocated by the government of Japan. Among these efforts, a representative project realized under this initiative was the provision of a loan to a geothermal power generation project in Indonesia.
JBIC has provided a loan for a hydrogen and ammonia-related project in the United Arab Emirates, in which Japanese companies are participating. The project is intended to build, own, and operate a facility to manufacture and sell ammonia.
As part of its support for renewable energy, JBIC has made joint investments with Japanese companies in solar power generation projects in India.

(2) Contributing toward Solving Social Issues in Collaboration with Host Countries

JBIC extended a loan to a Japanese company for the acquisition of a U.S. company that manufactures gene therapy drugs. It also provided necessary funds to a startup that uses drones for surveying and inspection services in Indonesia, with the aim of supporting its acquisition of a farm management support business.

2．Strengthening Resilience of Japanese Industry and Supporting Creative Innovation

　JBIC supports the resilience and creative transformation of Japanese industry. To this end, it is working to ensure economic security through initiatives such as enhancing energy security and restructuring supply chains. It also promotes innovative technologies and new businesses, including start-ups, and supports the overseas expansion of mid-tier enterprises (MTEs) and small and medium-sized enterprises (SMEs).

(1) Support for Enhancing Energy Security and Strengthening Supply Chain Resilience in Japanese Industry

In the semiconductor sector, JBIC extended a loan to a Japanese company for acquiring an Australian company that designs, develops, and sells design software for printed circuit boards (PCBs) incorporating semiconductors and other components. It also provided the necessary funds to a Japanese SME that manufactures and sells components for semiconductor production equipment, to expand its manufacturing and sales business in Vietnam.
In the field of telecommunications, JBIC provided the necessary funds to Japanese companies conducting data center business through their local subsidiaries in the United States and India.
JBIC supported overseas M&A activities by Japanese companies across various industrial sectors, providing funds for their acquisitions of an Italian automotive parts manufacturer and a Dutch food manufacturer.

(2) Support for Innovative Technologies and Businesses

With the aim of supporting innovative technologies, JBIC provided a loan for the world’s first commercial geothermal power generation project utilizing a novel geothermal technology. The project, in which a Japanese company is participating, involves the construction, ownership, and operation of a geothermal power plant in Germany.
JBIC provided necessary funds for a German company to establish a network based on Open RAN technology in Germany. This is JBIC’s first loan for an eligible foreign company^*1 that supports infrastructure necessary for Japanese companies' overseas business. JBIC also provided a guarantee for a part of the loan by the private financial institutions.
As a part of efforts to fortify its startup investment operations, JBIC has formulated the Startup Investment Strategy. It also newly established the Startup Investment Committee^*2 to enable agile investment decisions and support for startups. The committee is responsible for making decisions and deliberating on important matters related to startup investments executed under the strategy.

(3)Support for Overseas Expansion of Japanese MTEs and SMEs with Global Operations

As a new initiative, JBIC has launched a framework to support regional financial institutions in monitoring overseas business environments. By leveraging its overseas network of 18 representative offices and providing data on local projects, JBIC aims to facilitate overseas project lending by these institutions.
Individual projects include financing for Japanese SMEs engaged in diverse activities, such as manufacturing and selling 3D-printed prosthetic devices in Ukraine, and roasting and selling coffee using green hydrogen in Laos.
In FY2024, JBIC made a total of 61 financial commitments, amounting to approximately JPY13.0 billion in loans and guarantees for the purpose of supporting overseas expansion of Japanese MTEs and SMEs.

3．Providing Unique Solutions by Strategically Functioning as International Financial Institution

JBIC supports Japan’s foreign economic policies by promoting multilateral cooperation and leveraging its unique solutions, such as risk-taking functions including the Special Operations Account.

Support for Projects That Contribute toward Formulating and Realizing Japan’s Foreign Economic Policies

JBIC provides assistance to Ukraine and its neighboring countries. It established a credit line with the Black Sea Trade and Development Bank (BSTDB) for structuring projects in the area to support the reconstruction of Ukraine as well as projects that contribute toward the mitigation of climate change, such as renewable energy projects in member states of BSTDB. Additionally, JBIC acquired a part of Green bonds issued by the government of Romania.
In support of India, JBIC arranged a credit line for a governmental financial institution to support energy projects, including renewable and next-generation energy supply, as well as energy-efficient power generation and heat supply.
As part of its support for the Middle East and Africa, JBIC has provided a credit line to the UAE's national oil company for the decarbonization and energy transition-related projects. In addition, JBIC provided funds for a geothermal power plant construction project in Kenya involving Japanese companies. The loan is intended to provide the necessary funds to purchase geothermal power generation equipment through a regional development financial institution in Africa.

4． Other Financing Support

Support under the Global Investment Enhancement Facility

JBIC launched the Global Investment Enhancement Facility in July 2022. The facility is intended to support Japanese companies in contributing toward preserving the global environment, including decarbonization, as well as enhancing supply chain resilience, expanding high-quality infrastructure, and creating new overseas markets.
In FY2024, JBIC made a total of 108 financial commitments amounting to approximately JPY1,319.4 billion in loans and guarantees under this facility.

　Global uncertainty has increased since the formulation of the Fifth Medium-Term Business Plan. In response to this situation, JBIC will pursue projects that contribute to the economic security of Japanese industry, such as enhancing supply chain resilience, while identifying the specific needs of partner countries. Accordingly, it will work to address challenges and structure projects by leveraging the strengths and technologies of Japanese companies.
　Furthermore, as technological breakthroughs are also essential to achieving carbon neutrality and addressing social challenges, JBIC will leverage its unique position and functions to take risks and engage in multilateral cooperation. These efforts include support for start-ups and the promotion of new technologies and businesses.

[Appendices]
１． Total Commitment in Loans, Equity Participation and Guarantees
２． Commitments by Region and Financial Instrument
３． Summary of JBIC's Business Results (over the Last Five Years)

Note

*1
See Announcement of October 2, 2023.
*2
See Announcement of October 4, 2024.