Business Performance and Activities for Q3 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 in the third quarter (Q3, October–December) 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 Q3 FY2025, JBIC made a total of 42 financial commitments, amounting to approximately JPY387.8 billion in loans, equity investments, and guarantees.

２．Disbursements, Repayments, and Outstanding Amounts
Disbursements made by JBIC during Q3 FY2025 amounted to approximately JPY534.3 billion, and repayments received were approximately JPY1,182.1 billion. As a result, outstanding loans and equity investments totaled approximately JPY15,244.4 billion, and outstanding guarantees were approximately JPY1,395.6 billion with the total outstanding amount for those financial products reaching approximately JPY16,640.1 billion.

Ⅱ. Major Business Activities in Q3 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.

• Project Financing for Two Solar Power Generation and Storage Projects in Uzbekistan (Total JBIC Loan Amount: approximately USD635 million)
  The loans will financially support renewable energy projects that Japanese companies have invested in and will be involved in the operation and management over the long term. This support will contribute toward decarbonization efforts by Japanese companies and Uzbekistan, as well as toward maintaining and improving the international competitiveness of Japanese industry. In addition, Central Asia is gaining geopolitical importance, and these projects are significant in supporting decarbonization through Japan’s public–private collaboration and in deepening economic relations.
• Project Financing for Onshore Wind Power Generation in Saudi Arabia (JBIC Loan Amount: approximately USD152 million)
  By 2030, the government of Saudi Arabia aims to increase its renewable energy‑based power generation capacity to up to 130 GW and to increase the share of renewable energy in its energy mix to 50%. This loan aligns with the government’s decarbonization policy and contributes toward enhancing energy security for Japan through the strengthening of multilayered economic relations with Saudi Arabia, one of Japan’s key suppliers of crude oil.

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 toward 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 helps to enhance supply chain resilience by providing loans in the following industries and sectors.

• Loan to Aluminum Smelting Company in Brazil (JBIC Loan Amount: USD85.75 million)
  Currently, Japan relies solely on imports for primary aluminum. The loan will support the maintenance of primary aluminum production by a Brazilian smelting company through capital investment to address aging equipment and other related issues, thereby contributing toward securing a long‑term and stable supply of this crucial resource for Japan.
• Loan to Local Financial Institution in India to Finance Manufacturing and Sales Operations of Local Suppliers and Dealers That Form Supply Chain of Japanese Agricultural Machinery Manufacturers (JBIC Loan Amount: USD60 million)
  India is one of the world’s largest farm machinery markets by units sold, and Japanese agricultural machinery manufacturers position India as an important base. The loan will contribute toward enhancing the supply chain resilience of Japanese agricultural machinery manufacturers and promoting the modernization of agriculture in the country.
• Loan for Acquisition of Dutch Company by Japanese Company (JBIC Loan Amount: JPY135 billion)
  The acquired company is a leading chemical tank terminal operator, with its core operations in Europe and the U.S. Gulf Coast, which are major hubs of the chemical industry. This acquisition enables the Japanese company to establish a system that covers the entire supply chain of chemical products. The loan, which financially supports the overseas M&A by a Japanese company, will contribute toward maintaining and strengthening the international competitiveness of the Japanese shipping industry.

（２）Support for Innovative Technologies and Businesses
JBIC supports the deployment of innovative technologies and businesses through loans such as the one below.

• Loan for Manufacturing and Sales Business of 3D-Printed Prosthetic Legs Conducted by Japanese SME in Nigeria (JBIC Loan Amount: JPY10 million)
  The project involves manufacturing and selling prosthetic legs at lower cost and with greater efficiency than conventional methods, by utilizing the company’s proprietary 3D‑design software, 3D printers and materials, and AI technology. This loan will contribute toward maintaining and enhancing the international competitiveness of Japanese industry, while also helping address the social challenge of the shortage of prosthetic legs in Nigeria.

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

• JBIC made a total of 32 financial commitments, amounting to approximately JPY3.7 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 four memoranda of understanding (MOUs) during the quarter. Since December 2024, the cumulative number of MOUs has reached 17.
• Individual Project: Loan for Manufacturing and Sales Business of Small Precision Machinery Parts Conducted by Japanese SME in Vietnam (JBIC Loan Amount: USD30 thousand)
  By supporting the overseas business expansion of a Japanese SME, this loan will contribute toward maintaining and enhancing the international competitiveness of Japanese industry, as well as strengthening the resilience of the company’s supply chain in Vietnam.

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.

• Example of Initiatives in Ukraine and Its Neighboring Countries: Partial Acquisition of Privately Placed Samurai Bonds Issued by Government Financial Institution in Poland (Total Issuance Amount: JPY47.3 billion)
  The Samurai bonds are intended to contribute to the Aid Fund in Poland, one of the main destinations for refugees from Ukraine. The Aid Fund was established by a policy‑based financial institution in the country to raise and channel funds for humanitarian assistance, including medical care, education, and housing for refugees.
• Example of Initiatives Related to AZEC: Project Financing for FSRU Operation by Japanese Company in Singapore (JBIC Loan Amount: approximately USD189 million)
  This loan supports the introduction of the first FSRU in Singapore, helping expand the country’s LNG import capacity and enhance its energy security.

４．Establishment and Launch of the Japan Strategic Investment Facility

• JBIC launched its new Japan Strategic Investment Facility^*1 in October 2025. It seeks to establish resilient and mutually beneficial supply chains for Japan and host countries by supporting the overseas expansion of Japanese companies in strategically important sectors for economic and national security.
• In Q3 FY2025, JBIC made a total of 30 financial commitments under the Japan Strategic Investment Facility, amounting to approximately JPY243.0 billion in loans and guarantees.

Note

1. *1 
   See Announcement on October 1, 2025. The Global Investment Enhancement Facility, which was launched in July 2022, expired on June 30, 2025.