Business Performance and Activities for H1 FY2025

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The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) announced today a summary of its business performance and activities for the first half year (H1, April–September) of FY2025 as outlined below. Details of financial commitment amounts by financial product can be found in the PDF files provided in this press release.

Ⅰ. Loans, Equity Investments, and Guarantees

１． Financial Commitments

In H1 FY2025, JBIC made a total of 55 financial commitments, amounting to approximately JPY755.8 billion in loans, equity investments, and guarantees.

２．Disbursements, Repayments, and Outstanding Amounts
Disbursements made by JBIC during H1 FY2025 amounted to approximately JPY753.0 billion, and repayments received were approximately JPY1,214.5 billion. As a result, outstanding loans and equity investments totaled approximately JPY15,324.5 billion, and outstanding guarantees were approximately JPY1,338.2 billion, with the total outstanding amount for those financial products reaching approximately JPY16,662.8 billion.

Ⅱ. Major Business Activities in H1 FY2025

１．Realizing a Sustainable Future

JBIC is contributing toward a sustainable future together with various stakeholders by addressing the global challenge of achieving carbon neutrality and helping solve social issues in host countries.

• USA: Loan for Low-Carbon Ammonia Production and Sales Business by Japanese Company’s U.S. Subsidiary (JBIC Loan Amount: Approximately USD626 million) The loan, which supports a Japanese company’s overseas project, will contribute toward building a supply chain of hydrogen and its derivatives, including ammonia, in preparation for a decarbonized society. It also aims to support the company’s investment in an early-stage market, amid growing efforts to promote the supply and utilization of hydrogen and its derivatives.
• India: Loan to Indian Government-Affiliated Financial Institution to Finance Local Company's Biofuel Production and Sales Business (JBIC Loan Amount: JPY36 billion) The loan enables bamboo farmers to increase their earnings through the industrial use of bamboo, a regional specialty material in Northeastern India including the state of Assam, thereby contributing toward raising income levels among workers in the primary sector in the region. In addition, as ethanol refined from bamboo has a low environmental impact, this loan will also support the government of India's initiatives for preserving the global environment.
• Sub-Saharan Africa: Loan to Foreign Entity Invested in by Japanese Companies to Finance LPG business in Zambia, South Africa, Mozambique, and Uganda (JBIC Loan Amount: USD14 million) The governments in the region have identified reducing deforestation and promoting energy transition, particularly through a shift from fuels such as charcoal to LPG, as concrete measures to achieve their greenhouse gas (GHG) emission reduction targets. The loan is expected to contribute toward the sustainable development of these countries.

２．Strengthening Resilience of Japanese Industry and Supporting Creative Innovation

JBIC ensures economic security by promoting energy security and rebuilding supply chains. It also develops innovative technologies and new businesses, including startups, and supports the overseas expansion of mid-tier enterprises (MTEs) and small- and medium-sized enterprises (SMEs). Through these efforts, JBIC contributes to strengthening the resilience of Japanese industry and driving creative innovation

(1) Strengthening Resilience of Strategic Value Chains and Supply Chains to Advance Japan’s National Interests

JBIC contributes toward enhancing supply chain resilience by providing loans in the following industries and sectors. 

(1) Rechargeable Batteries

• Loan for Manufacturing and Sales Business of Organic Solvents for Automotive Lithium-Ion Batteries by Japanese Company’s U.S. Subsidiary (JBIC Loan Amount: USD240 million)
  All organic solvents used in lithium-ion batteries for vehicles produced in the US are imported from abroad. Against this backdrop, Japanese automotive battery and electrolyte manufacturers operating in the US have high expectations for the organic solvents produced through this project. In this context, the loan will contribute toward enhancing the supply chain resilience of Japan’s automotive and chemical industries.

(2) Automobile

• Loan for Manufacturing and Sales Business of BEV Suspension Components by Japanese Company’s U.S. Subsidiary (JBIC Loan Amount: USD20.712 million)
  As part of efforts to achieve carbon neutrality, demand for BEVs is expected to increase in the mid to long term across the globe, including in the United States. The loan will support the expansion of production capacity of suspension parts for BEVs, in anticipation of further demand growth.
• Loan to India’s Local Financial Institution to Finance Overseas Business Operators and Infrastructure Development Projects Related to Japanese Automakers' Supply Chains (JBIC Loan Amount: JPY23.1 billion)
  In the Indian market, where competition is intensifying amid the shift toward decarbonization, Japanese automotive manufacturers are focusing on manufacturing and selling eco-friendly vehicles. The loan will provide financial support for manufacturing and sales activities conducted by suppliers and dealers of Japanese automakers, the promotion of environmentally friendly vehicles, and the development of infrastructure such as EV charging stations. In doing so, it will contribute toward enhancing the resilience of Japan’s automotive supply chain in India.

(3) Semiconductor

• Loan for Manufacturing and Sales Business of Chemicals for Semiconductors by Japanese Company’s U.S. Subsidiary (JBIC Loan Amount: USD46 million)
  Semiconductor chemicals are essential for chip manufacturing, and demand is expected to increase in line with the long-term growth of the semiconductor market. The loan will support efforts to enhance production capacity for these chemicals in anticipation of rising demand.

(4) Decarbonized Materials and Products

• Loan for Manufacturing and Sales of Carbon Fiber for High-Pressure Gas Tanks Used in FCVs by Japanese Company’s U.S. Subsidiary (JBIC Loan Amount: USD180 million)
  As the market for hydrogen-powered fuel cell vehicles (FCVs) is expected to grow due to the need to reduce greenhouse gas (GHG) emissions, carbon fiber, known for its light weight, high rigidity, and strength, helps improve the safety and fuel efficiency of FCVs. The loan will support the expansion of carbon fiber production capacity in response to the anticipated increase in demand.
• Loan for Manufacturing and Sales Business of Submarine Cables by Japanese Company’s U.K. Subsidiary (JBIC Loan Amount: GBP54 million)
  Submarine cables are essential for realizing offshore wind power generation, which faces the challenge of long-distance power transmission to remote consumption areas. Among European countries, the United Kingdom has the largest market for these cables. The loan will support enhancing the provision capacity of submarine cables by a Japanese company in the U.K.

(5) Logistics

• Loan to Japanese Company’s U.K. Subsidiary for Acquisition of U.K. Logistics Company Operating E-Commerce-Related Services
  The loan will support a Japanese company in strengthening its logistics value chain and help build a more robust foundation in the e-commerce logistics sector, in response to increasingly diverse and sophisticated customer needs in the e-commerce business.

(2) Support for Innovative Technologies and Businesses

JBIC established a startup investment strategy^*1 in October 2024 to strengthen support for startups. Subsequently, it has made equity investments in the following four Japanese startups:

• A startup that develops, manufactures, and sells metal recycling equipment.
• A startup that operates a used car marketplace business in Kenya, enabling customers to conduct transactions in a transparent, trustworthy, and user-friendly manner.
• A startup that provides medical services and develops drugs based on gut microbiota research.
• A startup that develops and manufactures next-generation batteries.

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

• JBIC made a total of 27 financial commitments, amounting to approximately JPY7.7 billion in loans, equity investments, and guarantees to support overseas business expansion of Japanese MTEs and SMEs.
• Based on the framework established in 2024 to support regional financial institutions in monitoring overseas business environments, JBIC signed a total of five memoranda of understanding (MOUs) during the six-month period. Since December 2024, the cumulative number of MOUs has reached 16.
• Individual Project: Loan for Project in Malaysia by Japanese SME to Separate and Recover Molybdenum and Vanadium from Spent Desulfurization Catalysts (JBIC Loan Amount: JPY3.0 billion) This project supports the overseas expansion of Japanese MTEs and SMEs, helps build a supply chain for critical minerals designated by the Japanese government, and promotes a circular economy in Malaysia, where spent desulfurization catalysts from petrochemical plants are not properly treated, raising environmental concerns.

３． Providing JBIC’s Own Unique Solutions by Strategically Functioning as International Financial Institution

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

• Project Example in Ukraine and Its Neighboring Countries: Loan for Floating Storage and Regasification Unit (FSRU) Operation Project by Japanese Company in Poland (JBIC Loan Amount: USD252 million)
  The loan is expected to contribute to the energy transition in Poland by supporting the introduction of the country’s first FSRU and enhancing the capacity to regasify liquefied natural gas (LNG).
• Project Example in Middle East: Loan to UAE State-Run Oil Company to Ensure Japan’s Long-Term and Stable Crude Oil Supply (JBIC Loan Amount: USD 1.8 billion), Along with Signing of MOU to Further Strengthen Comprehensive Strategic Partnership
  The loan and MOU are expected to strengthen the strategic relationship with the national oil company of the UAE and contribute toward securing a long-term and stable supply of crude oil to Japan.

４．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 H1 FY2025, JBIC made a total of 37 financial commitments amounting to approximately JPY578.3 billion in loans and guarantees under this facility.

Note

1. *1 
   See Startup Investments on JBIC’s website.