Domestic Issuance List of Sustainability Linked Loan

The first sustainability linked loan in Japan was executed in 2019. The following are major execution cases in Japan.

Case study of major Sustainability Linked Loan in Japan

Funders Main Financial Institutions Independent Evaluator Reporting Policy Date of Contract Period of Borrowing Loan Amount Sustainability Performance Targets Characteristics of the loan
Nippon Yusen Kabushiki Kaisha MUFG Bank, Ltd. Japan Credit Rating Agency, Ltd. Nippon Yusen Kabushiki Kaisha plans to report to MUFG Bank, Ltd. every year as soon as the score results are received 2019/11/29PDF 5 years 50 billion yen SPT is defined as maintaining a high rank in the CDP
Impact indicators disclosed to CDP include the degree of achievement in decarbonization of ships in the medium-term management plan and the long-term decarbonization plan "NYK SUPER ECO SHIP 2050", which is shown by setting targets and confirming the degree of achievement every year.
The interest rate terms attributed to the CDP score will not change until the repayment due date, as long as the annual monitoring maintains a certain score
Toyoda Gosei Co., Ltd. MUFG Bank, Ltd. Japan Credit Rating Agency, Ltd. Toyoda Gosei Co., Ltd. plans to report to MUFG Bank, Ltd. as soon as the results for fiscal 2020 are determined
Toyoda Gosei Co., Ltd. plans to report to MUFG Bank, Ltd. on the progress of SPT achievement every year from fiscal 2021 onward.
2019/12/23PDF 4 years 5 billion yen SPT is defined as the reduction of CO2 and waste emitted through business activities on a per-unit basis
The following 3 goals have been set for the year 2020
① Unit of CO2 intensity (CO2 emissions per sales, globally consolidated): 12% reduction from 2012
② Unit of CO2 intensity (CO2 emissions per unit of sales): 17% reduction from 2012
③ Unit of waste intensity (Waste per unit of sales): 12% reduction from 2012
Achieve the above 3 goals in FY2020 and maintain them thereafter until the repayment deadline
Preferential interest rates will be maintained if the FY 2020 reduction target is met
Sumitomo Heavy Industries, Ltd. Sumitomo Mitsui Trust Bank, Limited Japan Credit Rating Agency, Ltd. Sumitomo Heavy Industries, Ltd. plans to periodically report to Sumitomo Mitsui Trust Bank, Limited on the status of SPT achievement (the final level of sustainability achievement will be confirmed when the repayment deadline arrives) PDF SPT is defined as targets for reducing CO2 emissions during product production and transportation, and the percentage of sales of environmentally friendly products Not disclosed
COSMO ENERGY HOLDINGS Co.,Ltd. Mizuho Bank, Ltd. Japan Credit Rating Agency, Ltd. COSMO ENERGY HOLDINGS Co.,Ltd. will report annually to Mizuho Bank, Ltd. on the achievement of the SPT 2020/3/31Open in new tab or window 3 years 10 billion yen SPT is defined as the start of the group's future onshore wind farm operations and the availability of existing wind farms Interest rate terms will vary depending on the achievement of SPT
Ricoh Company, Ltd. MUFG Bank, Ltd. Rating & Investment Information, Inc. Ricoh Company, Ltd. plans to disclose its greenhouse gas (GHG) emission reductions (SCOPE 1 and 2) to the public every year in "the ESG Data Book" and "Ricoh Group Integrated Reports" 2020/4/10PDF 5 years 10 billion yen Revised the target for reducing in-house greenhouse gas (GHG) emissions by 2030 to 63% from the 2015 level, up from a previous target of 30%, and obtained certification for this environmental target under the new "1.5°C target" of the SBT Initiative.
SPT is defined as the GHG reduction target set by Ricoh Company, Ltd. in line with the "1.5°C target of the SBT Initiative
Interest rate terms will vary depending on the achievement of SPT
Mitsubishi Estate Company,Limited The Norinchukin Bank Japan Credit Rating Agency, Ltd. Mitsubishi Estate Company,Limited plans to report annually to the Norinchukin Bank on the progress of the SPT 2020/5/29PDF 11years and 3 months 11.5 billion yen SPT is defined as CO2 emissions (target for 2030: 35% reduction from 2017) and renewable electricity ratio (target for 2030: 25%) in line with the targets set in "the Mitsubishi Estate Group's SDGs 2030" Interest rate terms will vary depending on the achievement of SPT
Yamazaki gravel Inc. SHIGA BANK, LTD. Rating & Investment Information, Inc. Yamazaki gravel Inc. plans to make the SPT available on its website, and to announce its progress on the website every year 2020/9/17PDF 0.5 billion yen The SPT is defined as achieving a recycling rate of 93% by 2025 from the current 91% Lending terms and conditions are linked to Yamazaki gravel Inc.'s performance on SPT
The interest rate spread to be applied during the lending period is determined based on 3 requirements: ① reporting on the progress of initiatives, ② submission of a third-party opinion, and ③ achievement of the target figure (recycling rate)
If ① and ② are not complied with, the spread will widen.
If ① and ② are complied with, the interest rate will remain the same even if ③ is not achieved, but if ③ is achieved, the spread is set to shrink.
MEIDENSHA CORPORATION Sumitomo Mitsui Banking Corporation The Japan Research Institute, Limited.

DNV GL BUSINESS ASSURANCE JAPAN K.K.
MEIDENSHA CORPORATION discloses the targets of its medium-term management plan and annual performance figures in the Meidensha Report every year, and plans to continue to disclose the status of SPT achievement through the publication of the Meidensha Report. 2020/9/23Open in new tab or window The following 3 items are established as the SPT for FY 2020
① Expansion of environmental contribution projects:
900,000 tons (841,000 tons in FY2018 and 848,000 tons in FY2019) of CO2 emissions reduction through environmental contribution projects
② Appropriate management of chemical substances:
VOC emissions of 80 tons or less (96 tons in FY2018 and 83.3 tons in FY2019)
③ Strengthen the value chain management:
Green procurement rate of 90% or more (Based on the company's standards, 85% in FY2018 and 87% in FY2019)
If at least one of the 3 SPTs is achieved, MEIDENSHA CORPORATION can request The Japan Research Institute, Ltd. to evaluate the progress of its efforts to improve its sustainability management and issue a written opinion.
SymEnergy Inc. SHIGA BANK, LTD. Rating & Investment Information, Inc. SymEnergy Inc. is planning to make its SPTs available on its website and other media and to disclose its progress once a year. SymEnergy Inc. intends to represent that this financing is based on Sustainability Linked Loans and will ensure transparency by disclosing information about SPTs 2020/11/30Open in new tab or window - 25 billion yen SymEnergy Inc. set up the following as SPT
In renewable energy projects involved in the development;
・Development in collaboration with local businesses, municipalities and other corporate entities in the development area
・The sum of the investment ratio of other corporate entities, etc. is more than 1/3
・Aim to complete two to three projects per year that meet the above
The interest rate spread applied during each interest payment period is set in two ways: if the SPTs' targets are met or if the targets are not met.
The performance of the SPTs and the lending terms are linked and applied over the lending period.
Mitsubishi Chemical Holdings Corporation Development Bank of Japan Inc. Mitsubishi Chemical Holdings Corporation (MCHC) will report annually to the Development Bank of Japan the latest information on the progress and achievement of SPT performance.

MCHC will also disclose information on the status of SPT achievement to the public on its website on a regular basis.
2020/11/30PDF 10 years 30 billion yen ①Status of promotion of chemical recycling projects that contribute to solving problems related to plastic waste, etc.

②The volume of plastic recycling processed to measure the degree of contribution to solving these issues.
Not disclosed
Fuyo General Lease Co., Ltd. Development Bank of Japan Inc. Fuyo General Lease Co., Ltd. will report annually to the Development Bank of Japan on the progress and achievement of SPT performance.

In addition, information on the status of SPT achievement will be disclosed to the public on a regular basis via the company's website
2020/12/14Open in new tab or window 5 years 5 billion yen ①Number of companies providing BPO services in the Group: Equal to or more than 20,000 (as of March 31, 2022)

②Cumulative transaction amount for "Support Program for Fuyo Renewable Energy 100 Declaration" and "Fuyo Zero Carbon City Support Program": 5 billion yen or more (deadline: July 2024)
Not disclosed
T'STILE SHIGA BANK, LTD. Shigagin Keizai Bunka Center CO.,LTD. T'STILE will disclose the SPTs on its website, etc., and will announce the progress of the SPTs on its website once a year.
This will enable Shiga Bank to obtain up-to-date information on the progress of the SPTs.
T'STILE intends to declare that this financing is based on the Sustainability Linked Loan. Transparency will be ensured by disclosing information on SPTs to the public.
2021/1/25PDF - 0.05 billion yen Rate of mixed construction waste (ratio of mixed construction waste to total construction waste) and number of net zero energy houses (ZEH) built The interest rate spread applied during the loan period is determined by the achievement of the following two requirements
(1) The borrower must report to the lender on the progress of the initiative.
(2) Achieve the target values of SPTs above.

If (1) is not complied with, the spread will be increased. If (1) is complied with, the spread will remain the same even if (2) is not achieved, but the spread is set to decrease for the achievement of each item of SPTs.
Isetan Mitsukoshi Holdings Ltd. Sumitomo Mitsui Trust Bank, Limited Japan Credit Rating Agency, Ltd. Isetan Mitsukoshi Holdings plans to report to Sumitomo Mitsui Trust Bank on the status of achievement of SPTs once a year.

In addition, Isetan Mitsukoshi Holdings, Sumitomo Mitsui Trust Bank and JCR will evaluate the final level of sustainability achievement in the year when the repayment is due.
2021/1/29PDF 5 years 5 billion yen Maintain a leadership level (A, A-) in the climate change score published by CDP. Lending conditions vary depending on the achievement of SPT.
Japan Real Estate Asset Management Co.,Ltd. The Norinchukin Bank Japan Credit Rating Agency, Ltd. JRE plans to disclose the progress of the SPTs it has set, with verification or certification for each item, in its Sustainability Report and on its website, and to report annually to the Norinchukin Bank. When the loan becomes due, JRE, The Norinchukin Bank and JCR will conduct a review of the loan to assess not only the achievement of the SPTs but also the impact on JRE and society. 2021/1/29PDF 10.5 years 5 billion yen SPTs1: Reduction in greenhouse gas emissions compared to FY2013 levels
(FY2030 target: 35% reduction compared to FY2013 levels)
SPTs2: Number of buildings with ZEB certification under BELS
(including Nearly ZEB, ZEB Ready, and ZEB Oriented)
(FY2030 target: 5 buildings)
In order to incentivize the achievement of JRE's sustainability strategy, the timing of interest rate reviews is set multiple times until the repayment date arrives, and the lending terms are linked to the progress of SPTs at the timing.
11 years 5 billion yen
Nippon Yusen Kabushiki Kaisha SHIGA BANK, LTD. Rating & Investment Information, Inc. The results of NYK's CDP climate change score will be disclosed on the CDP website once a year.
In response to this, NYK will disclose the achievement status of the SPT directly to related parties, and will also disclose it to the public on its own website.
2021/2/5Open in new tab or window 4 years USD 0.05 billion To obtain a high score in CDP's climate change score. The interest rate spread applied during each interest payment period is set in three ways: when the CDP score of the SPTs is A~A-, B~B-, and C or lower. The lending terms and NYK's performance against the SPTs are linked.
SCREEN Holdings Co., Ltd. MUFG Bank, Ltd. Japan Credit Rating Agency, Ltd. Progress of the set SPTs will be reported to MUFG Bank and the Loan Participant Banks once a year.
When the repayment date arrives, SCREEN Holdings, MUFG Bank, and JCR will conduct a review of the Loan to assess not only the achievement of the SPTs but also the impact on SCREEN Holdings and society.
2021/3/16Open in new tab or window 3 years 10 billion yen Reduce CO2 emissions (on a gross basis, Scope 1 and 2) by 10% by the fiscal year ending March 2024, compared to the fiscal year ending March 2019, as a milestone toward the SBT of reducing CO2 emissions by 30% by the fiscal year ending March 2030. ・The interest rate will be revised several times until the repayment date, and the lending conditions will be linked to the progress of SPTs at the timing.
Nippon Yusen Kabushiki Kaisha Sumitomo Mitsui Banking Corporation Japan Credit Rating Agency, Ltd. NYK will report to the main financial institution on the score results of CDP set as SPT as soon as they are received from CDP, the scoring organization.
In addition, when the repayment date arrives, NYK, the main financial institution, and JCR will conduct a review of the Loan and evaluate the status of the achievement of the SPT as well as the status of the impact on NYK and society.
2021/3/31Open in new tab or window 5 years USD 0.6 billion Maintain a high rating (A or A-) in the CDP climate change score Not disclosed
MUFG Bank, Ltd. USD 0.204 billion
SHIMIZU CORPORATION Mizuho Bank, Ltd. Japan Credit Rating Agency, Ltd. Shimizu Corporation plans to report annually to Mizuho Bank and the other banks participating in the commitment line on the progress of the SPT it has set.

In addition, when the commitment date arrives, Shimizu Corporation, Mizuho Bank and JCR will review the commitment line and assess the status of the achievement of the SPT as well as the impact on Shimizu Corporation and society.
2021/3/31Open in new tab or window 3 years 20 billion yen Reduce CO2 emissions from construction projects by 10% from FY2017 levels by the end of FY2023 Until the commitment deadline arrives, there will be several times when the commitment fee will be reviewed, and the commitment fee will be linked to the progress of the SPT at that time.
SEIBU HOLDINGS INC. Sumitomo Mitsui Trust Bank, Limited Japan Credit Rating Agency, Ltd. Seibu HD will report to Sumitomo Mitsui Trust Bank once a year on the progress of the SPTs set.

When the repayment date arrives, a review of the Loan will be conducted among Seibu HD, Sumitomo Mitsui Trust Bank, Limited and JCR to assess the status of impact on Seibu HD in addition to the status of achievement of SPTs.
2021/3/31PDF 9 years 5 billion yen Reduce unit CO2 emissions (CO2 emissions per operating revenue) by 25% from FY2018 levels by FY2030. The timing of interest rate reviews is set annually until the repayment date arrives, and loan terms and conditions are linked to the achievement of SPTs at that time.
Tokyo Century Corporation Sumitomo Mitsui Trust Bank, Limited Japan Credit Rating Agency, Ltd. Tokyo Century plans to report annually to Sumitomo Mitsui Trust Bank on the progress of the established SPTs. When the repayment period is due, the three companies — Tokyo Century, Sumitomo Mitsui Trust Bank, and JCR — will review the loan to assess not only the progress of SPTs but also the impact on Century Tokyo and society. 2021/3/31PDF 5 years 15 billion yen SPT1:
Achieve the targets for annual power generation and CO2 reduction by the photovoltaic power generation business of Kyocera TCL Solar GK. (Targets for FY 2023 and beyond are set above the target level for FY 2022)
SPT2:
Achieve the projected GHG reduction contribution (cumulative) target of the JCM (bilateral credit scheme)
*Specific target values will be disclosed in the ESG Data Book to be published in fiscal 2021.
SPT3:
Maintain DX certification (Ministry of Economy, Trade and Industry).
Establish a review of loan terms and conditions during the period in accordance with the progress of the SPTs
TSUBAKI NAKASHIMA CO., LTD. Resona Bank, Limited Rating & Investment Information, Inc. Tsubaki Nakashima plans to submit a report on consolidated sales of ceramic balls to Resona Bank once a year and disclose the information to investors at financial results briefings and other occasions. 2021/3/31PDF 7 years 5 billion yen Achieve consolidated ceramic ball sales of 8,254 million yen in the fiscal year ending December 2023. Interest rate spreads applied during each interest payment period are set in two ways: if the SPT targets are met, and if the SPT targets are not met.
KUSATSU ELECTRIC CO.,LTD. SHIGA BANK, LTD. Shigagin Keizai Bunka Center CO.,LTD. ・ Describe the SPTs in the action plan to be submitted to Shiga Prefecture, and submit a copy to the lender.
・ The action plan is published on the Shiga Prefecture website.
・ The progress is described in the action report submitted to Shiga Prefecture once a year, and a copy is submitted to the lender.
・ The action report is also published on the Shiga Prefecture website.
・ Disclose information about SPTs to the public
2021/3/31PDF - 0.5 billion yen Set a reduction target in line with the action plan in the main plant, which accounts for more than two-thirds proportion of the entire company in greenhouse gas emissions, based on the "Shiga Prefecture, low-carbon society promotion plan" of Shiga Prefecture. Interest rate terms will vary depending on the achievement of SPT
Kitai Sekkei Co., Ltd. SHIGA BANK, LTD. Shigagin Keizai Bunka Center CO.,LTD. Kitai Sekkei will disclose the SPTs on its website, etc., and will submit the progress of the SPTs to the lender Shiga Bank in writing once a year. 2021/3/31PDF - - Number of survey and design services related to green infrastructure and their sales Lending conditions vary depending on the SPT achieved
SUMIMOTO FACTORY Co.,Ltd. The Chugoku Bank, Ltd Rating & Investment Information, Inc.

Okayama Economic Research Institute
・ Report to the Bank of China once a year
・ At the time of reporting, the Okayama Institute of Economic Research will confirm the validity.
2021/5/21PDF 5 years 0.01 billion yen Power consumption reduction rate per sales (%)
2022/5 Target : Down 1.5% from 2021/5
2023/5 Target : Down 1.5% from 2022/5
2024/5 Target : Down 1.5% from 2023/5
2025/5 Target : Down 1.5% from 2024/5
Depending on the achievement of SPT, the applicable interest rate will be reduced by up to 0.2% per year.
TAKAHASHI co,. ltd. SHIGA BANK, LTD. Shigagin Keizai Bunka Center CO.,LTD. Takahashi will report to the lenders on the progress of the SPT once a year. 2021/6/24PDF - 0.08 billion yen Cumulative increase in total installed capacity of photovoltaic panels Lending conditions vary depending on the SPT achieved
Yamatojuken The Chugoku Bank, Ltd Rating & Investment Information, Inc.

Okayama Economic Research Institute
・ Report to the Bank of China once a year
・ At the time of reporting, the Okayama Institute of Economic Research will confirm the validity.
2021/6/30PDF 5 years 0.01 billion yen ZEH ratio (%)
Fiscal 2021 target: 80%
Fiscal 2022 target: 80%
Fiscal 2023 target: 80%
Fiscal 2024 target: 80%
Depending on the achievement of SPT, the applicable interest rate will be reduced by up to 0.2% per year.
Fujii Store Corporation The Chugoku Bank, Ltd Rating & Investment Information, Inc.

Okayama Economic Research Institute
・ Report to the Bank of China once a year
・ At the time of reporting, the Okayama Institute of Economic Research will confirm the validity.
2021/7/1PDF 5 years 0.05 billion yen Power consumption reduction rate (%)
FY 2021 target: 1.5 less than FY 2020
FY 2022 target: 1.5 less than FY 2021
FY 2023 target: 1.5 less than FY 2022
FY 2024 target: 1.5 less than FY 2023
Depending on the achievement of SPT, the applicable interest rate will be reduced by up to 0.2% per year.
GS Yuasa Corporation MUFG Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
The Bank of Kyoto, Ltd.,
SHIGA BANK, LTD.
Japan Credit Rating Agency, Ltd. ●Disclose the following items at least once a year
・Up-to-date information on the performance of selected KPIs
・Information that is useful for lenders to gauge the level of ambition of SPTs.

●Disclose the following information to the extent possible
・A qualitative and quantitative description of the main factors that contributed to the improvement in performance/KPIs (including M&A activities, etc.)
・Description of how performance improvement will affect the borrower's sustainability.
・Whether or not KPIs have been reassessed, whether or not SPTs have been revised, and whether or not baseline assumptions or the scope of KPIs have been changed.
2021/7/19Open in new tab or window 5 years 7 billion yen By FY2025, reduce CO2 emissions (total amount basis, Scope 1 and 2) by 15% from FY2018 levels, as a milestone toward reducing CO2 emissions by 30% or more compared to FY2018 levels by FY2030 The interest rate is reviewed multiple times until the repayment date arrives, and the loan terms and conditions are linked to the progress of the SPT at that time.
OUTSOURCING Inc. Shinsei Bank, Limited Shinsei Bank, Limited Sustainable Impact Development Division,Sustainable Impact Assessment Department Provide information to lenders and the general public at least once a year on the status of achievement of SPTs. 2021/7/26PDF Tranche A: 2 years
Tranche B: 5 years
15 billion yen 1. increase in the number of foreign residents supported for employment
2. increase in the number of people who realize career change from labor-intensive sector to specialist human resources (IT human resources targeting engineers and science and engineering human resources)
3. increase in the number of people taking advantage of high quality educational programs for career advancement
4. increase in the number of specialists who can improve industrial productivity
Lending terms will vary depending on whether SPTs are met or not met.
Nipro Corporation Crédit Agricole Corporate and Investment Bank Rating & Investment Information, Inc. ・Disclose the progress of the SPT to the arranger/agent and lenders once a year.
・Notify the syndicate of arrangers/agents and lenders of the actual number of units sold overseas in writing annually.
2021/7/28PDF Tranche A:
7 years
7.6 billion yen Number of Dialyzers sold outside Japan in FY2025 and FY2027 (target will not be disclosed for competitive reasons) It is designed to step up the applicable interest rate if the SPT targets for FY2025 and FY2027 are not met.
Tranche B:
10 years
7.4 billion yen
Nomura Real Estate Holdings, Inc. The Chiba Bank, Ltd. Rating & Investment Information, Inc. ・Emissions from Scope 1, 2, and 3 (Categories 1 and 11), which make up the KPIs, are reported on Nomura Real Estate Holdings' sustainability website and in its CSR report, along with information on its sustainability policy and governance.
・All stakeholders, including lenders, have access to public information on the performance of KPI-1 and KPI-2 for each fiscal year, and this information is used to promote ongoing dialogue.
2021/7/30PDF - 11 billion yen SPT-1: Reduce the amount of Scope 1 and 2 emissions by 35.0% compared to FY2019 by FY2030.
SPT-2 : Reduce the amount of Scope 3 emissions (Category 1 and 11) by 35.0% compared to FY2019 by FY2030.
Preferential interest rate spread according to the achievement of SPTs.
YAMATO JYUKEN, INC SHIGA BANK, LTD. Shigagin Keizai Bunka Center CO.,LTD. In addition to disclosing the status of achievement of SPT on its website, YAMATO JYUKEN plans to submit a written report to Shiga Bank. 2021/7/31PDF - 0.2 billion yen Achieve 80% of the commissioning rate for ZEH (Net Zero Energy House) every year from FY2021 to FY2025. Lending conditions vary depending on the SPT achieved
Nagi Co., ltd. The Chugoku Bank, Ltd. Rating & Investment Information, Inc.

Okayama Economic Research Institute
・Report to The Chugoku Bank once a year on the status of fund allocation (projects allocated, amount of funds), unallocated balance, and environmental improvement effects.
・At the time of reporting, the Okayama Economic Research Institute will confirm the validity of the report.
2021/8/12PDF 5 years 0.1 billion yen CO2 reduction rate per net sales (%)
FY2021 target: ▲3.0% compared to FY2020
FY2022 target: ▲3.0% compared to FY2021
FY2023 target: ▲3.0% compared to FY2022
FY2024 target: ▲3.0% compared to FY2023
The achievement of SPTs is checked once a year at the end of the month corresponding to the execution date of the loan contract as the reference date, and if the SPTs are achieved, the interest rate reduction specified in advance for each contract will be applied.
West Japan Railway Company Sumitomo Mitsui Trust Bank, Limited Japan Credit Rating Agency, Ltd. ●The following items will be disclosed at least once a year:
✓Updates on the performance of selected KPIs (including baseline assumptions)
✓Information useful for lenders to gauge the level of ambition of SPTs
●To the extent possible, disclose the following information:
✓A qualitative and quantitative description of the main factors that contributed to the improvement in performance/KPIs (including M&A activities, etc.).
✓Description of how improved performance will impact the sustainability of the borrower
✓Whether KPIs have been reevaluated, whether established SPTs have been revised, and whether baseline assumptions or the scope of KPIs have been changed.
2021/8/20PDF - - Reduce the JR West Group's CO₂ emissions (total volume basis, Scope 1 and 2) by 46% from the FY2013 level by FY2030. SPT progress is monitored and interest rates are reviewed multiple times until the repayment date arrives, and loan terms and conditions are linked to SPT progress at each timing.
Sanbi Honda Hanbai Co.
(三備ホンダ販売)
The Chugoku Bank, Ltd. Rating & Investment Information, Inc.
Okayama Economic Research Institute
・Report to The Chugoku Bank once a year on the status of fund allocation (projects allocated, amount of funds), unallocated balance, and environmental improvement effects.
・At the time of reporting, the Okayama Economic Research Institute will confirm the validity of the report.
2021/9/16PDF 7 years 0.05 billion yen Annual amount of renewable energy generated:
2022/5 year target: 61,364kwh
2023/5 year target: 92,045kwh
2024/5 year target: 92,045kwh
2025/5 year target: 92,045kwh
2026/5 year target: 92,045kwh
2027/5 year target: 92,045kwh

・Solar power generation equipment installed in each store
・Set a target of providing 50% of electricity for self-consumption
The achievement of SPTs is checked once a year at the end of the month corresponding to the execution date of the loan contract as the reference date, and if the SPTs are achieved, the interest rate reduction specified in advance for each contract will be applied.
Tokyo Century Corporation Mizuho Bank, Ltd. Japan Credit Rating Agency, Ltd. The following items will be disclosed at least once a year
・Updates on the performance of selected KPIs (including baseline assumptions)
・Information useful for lenders to gauge the level of ambition of SPTs (e.g., information on the borrower's latest sustainability strategy and related KPI/ESG governance, as well as information on the analysis of KPIs and SPTs)
2021/9/24PDF 5 years 22.5 billion yen (1) Achieve the annual power generation and CO2 reduction contribution targets of Kyocera TCL Solar LLC's solar power generation business
(2) Achieve the assumed GHG reduction contribution (cumulative) target of the Japan Crediting Mechanism (JCM).
(3) Maintain DX certification (Ministry of Economy, Trade and Industry)
The financial characteristics of the arrangement change depending on whether or not the predetermined SPTs for the selected KPIs are achieved.
Sanken Electric Co., Ltd. Resona Bank,Ltd. Japan Credit Rating Agency, Ltd. The following items will be disclosed at least once a year
・Updates on the performance of selected KPIs (including baseline assumptions)
・Information useful for lenders to gauge the level of ambition of SPTs (e.g., information on the borrower's latest sustainability strategy and related KPI/ESG governance, as well as information on the analysis of KPIs and SPTs)
2021/9/27PDF 3 years 10 billion yen Reduce CO₂ emissions by 3% in FY2021, 11% in FY2022, and 12% in FY2023 (cumulative total of 12% compared to FY2020) for the Company and its domestic consolidated subsidiaries per fiscal year (total volume basis, Scope 1 and 2). The financial characteristics of the arrangement change depending on whether or not the predetermined SPTs for the selected KPIs are achieved.
KYUSHU LEASING SERVICE CO., LTD. THE NISHI-NIPPON CITY BANK, LTD. Rating & Investment Information, Inc. This loan requires KYUSHU LEASING SERVICE to disclose the progress of SPTs to the lender once a year as a compliance item of the loan agreement. By the end of June each year, the balance of assets covered by the loan from April to March of the previous year is compiled and the lender is notified in writing. This provides the lender with the latest information on the progress of SPTs. 2021/9/28PDF 3 years 1 billion yen Balance of environment-related operating assets at the end of the fiscal year ending March 31, 2022 and thereafter

※Environment-related operating assets refer to assets related to environmental consideration and energy saving, such as LED and EV vehicles and renewable energy power generation facilities (solar power plants, etc.) owned by KYUSHU LEASING SERVICE.
The base date for achieving the target has been set three times between the end of FY2021 and the end of FY2023, and it is designed so that the loan interest rate will be reduced if the SPTs are achieved and increased if they are not.
Yoshimei Co., Ltd. SHIGA BANK, LTD. Shigagin Keizai Bunka Center CO.,LTD. Yoshimei will submit a written report on the achievement of the SPT to the lenders. 2021/9/28PDF - - Percentage of domestic lumber used in the manufacture of glued laminated wood Lending conditions vary depending on the SPT achieved
Tokyo Century Corporation The Norinchukin Trust & Banking Co.,Ltd. Japan Credit Rating Agency, Ltd. The following items will be disclosed at least once a year
・Updates on the performance of selected KPIs (including baseline assumptions)
・Information useful for lenders to gauge the level of ambition of SPTs (e.g., information on the borrower's latest sustainability strategy and related KPI/ESG governance, as well as information on the analysis of KPIs and SPTs)
2021/9/30PDF 5 years 10 billion yen (1) Achieve the annual power generation and CO2 reduction contribution targets of Kyocera TCL Solar LLC's solar power generation business
(2) Achieve the assumed GHG reduction contribution (cumulative) target of the Japan Crediting Mechanism (JCM).
(3) Maintain DX certification (Ministry of Economy, Trade and Industry)
The financial characteristics of the arrangement change depending on whether or not the predetermined SPTs for the selected KPIs are achieved.
WATAMI CO., LTD. The Bank of Yokohama,Ltd. Rating & Investment Information, Inc. Watami will report to lenders once a year on the disclosure of SPT progress. This will provide the lenders with the latest information on the progress of SPT. In addition, progress will be disclosed on Watami's website. The lender will be able to obtain the latest information on the achievement of the SPT. 2021/9/30PDF 7 years 0.3 billion yen Obtain certification for the recycling business plan at all five of WATAMI's lunchbox factories by September 2026. (Number of certified factories as of the end of September 2021: 2) The decision date for achieving the target has been set at the end of September 2026. The lenders are designed to monitor the achievement of the SPT and reduce the loan interest rate if it is achieved.
Chugoku Kaihatsu
(中國開發)
The Chugoku Bank, Ltd. Rating & Investment Information, Inc.

Okayama Economic Research Institute
・Report to The Chugoku Bank once a year on the status of fund allocation (projects allocated, amount of funds), unallocated balance, and environmental improvement effects.
・At the time of reporting, the Okayama Economic Research Institute will confirm the validity of the report.
2021/9/30PDF 7 years 0.1 billion yen Annual amount of renewable energy generated:
Target for 2022/9: 17,732 kwh or more
Target for 2023/9: 35,464 kwh or more
Target for 2024/9: 35,464 kwh or more
Target for 2025/9: 35,464 kwh or more
Target for 2026/9: 35,464 kwh or more
Target for 2027/9: 35,464 kwh or more
Depending on the achievement of SPT, the applicable interest rate will be reduced by up to 0.2% per year.
Kumagai Gumi Co.,Ltd. The Gunma Bank,Ltd. Rating & Investment Information, Inc. As part of Kumagai's compliance with the loan agreement, the lender is required to report the progress of the SPT once a year. By the end of September each year, the lender is notified in writing of the number of renewable energy projects operated from April to March of the previous year. This will provide lenders with up-to-date information on the achievement of the SPT. 2021/9/30Open in new tab or window - - Achieve five renewable energy projects (in Japan) by the fiscal year ending March 31, 2024 The loan interest rate is designed to be lowered if 5 renewable energy projects are completed at the end of each fiscal year.
Hamagin Finance Co., Ltd. The Bank of Yokohama,Ltd. Rating & Investment Information, Inc. Under the terms of the loan agreement, Hamagin Finance is required to report to the Bank of Yokohama on the progress of the SPT by the end of June each year. This provides the Bank of Yokohama with up-to-date information on the progress of the SPT. 2021/9/30PDF 7 years 5 billion yen Achieve 1,260 million yen in new contracts (leases, installments, and consigned payments) for commercial products that contribute to energy conservation and decarbonization in the fiscal year ending March 2025 It is designed to raise interest rates if SPT for FY2025 is not met.
Yamaichi Metal Corp. THE SHIZUOKA BANK, LTD. Japan Credit Rating Agency, Ltd. Yamaichi Metal plans to disclose the performance of the KPIs to the lenders and JCR after the end of each fiscal year, with the actual results for the relevant fiscal year attached to the books of the previous fiscal year. In addition, the percentage of tablet sales volume established in the loan will be subject to volume verification by the tax accountant conducting the accounting audit. 2021/9/30PDF - 0.3 billion yen Ratio of tablets to total sales volume of Yamaichi Metals to be more than 80% The financial characteristics of the arrangement change depending on whether or not the predetermined SPTs for the selected KPIs are achieved.
Sennaritei
(千成亭風土)
SHIGA BANK, LTD. Shigagin Keizai Bunka Center CO.,LTD. ・SPTs are written in an action plan submitted to Shiga Prefecture, and a copy is submitted to the lender.
・The action plan is disclosed on the Shiga Prefecture website.
・Progress will be described in an action report to be submitted to Shiga Prefecture once a year, and a copy will be submitted to the lender.
・The action report is also disclosed on the Shiga Prefecture website.
・Information on SPTs is disclosed to the public.
2021/9/30PDF - 0.1 billion yen Reduction rate of CO2 emissions (per-unit basis): Set stepwise targets to achieve a 37% reduction (compared to FY 2013) in FY 2030. Lending conditions vary depending on the SPT achieved
SHINKO SEIKI CO., LTD. SHIGA BANK, LTD. Shigagin Keizai Bunka Center CO.,LTD. ・SPTs are written in an action plan submitted to Shiga Prefecture, and a copy is submitted to the lender.
・The action plan is disclosed on the Shiga Prefecture website.
・Progress will be described in an action report to be submitted to Shiga Prefecture once a year, and a copy will be submitted to the lender.
・The action report is also disclosed on the Shiga Prefecture website.
・ Information on SPTs is disclosed to the public.
2021/9/30PDF 5 years 0.15 billion yen Reduction rate of CO2 emissions (per-unit basis) at the Shiga Moriyama Plant and the company as a whole: Set targets in stages to achieve a 37% reduction (compared to fiscal 2013) in FY2030. Lending conditions vary depending on the SPT achieved
Harada transport
(原田運送)
The Chugoku Bank, Ltd. Rating & Investment Information, Inc.

Okayama Economic Research Institute
・Report to The Chugoku Bank once a year on the status of fund allocation (projects allocated, amount of funds), unallocated balance, and environmental improvement effects.
・At the time of reporting, the Okayama Economic Research Institute will confirm the validity of the report.
2021/10/1PDF 5 years 0.05 billion yen CO2 reduction rate per net sales (%)
FY2022 target: 1.25% reduction compared to FY2021
FY2023 target: 1.25% reduction compared to FY2022
FY2024 target: 1.25% reduction compared to FY2023
FY2025 target: 1.25% reduction compared to FY2024
Depending on the achievement of SPT, the applicable interest rate will be reduced by up to 0.2% per year.
MEIDENSHA CORPORATION Sumitomo Mitsui Banking Corporation The Japan Research Institute, Limited.

DNV GL BUSINESS ASSURANCE JAPAN K.K.
Meidensha plans to disclose the status of achievement of SPTs through the publication of the Meidensha Report. In addition, it plans to disclose the results of third-party verification of GHG emissions (Scope 1+2) from its business activities on its website every year. 2021/10/1Open in new tab or window - - GHG emissions from business activities (Scope 1+2) (Japan): ▲3% (compared to FY2019) If the SPTs are achieved and improvements are made, Meidensha may request the Japan Research Institute, through SMBC, to evaluate and issue a written opinion that the Meidensha Group is making progress in its efforts to improve its sustainability management. Meidensha will also be exempted from the costs associated with the issuance of the opinion.
Eco Style Co.,Ltd. SHIGA BANK, LTD. Shigagin Keizai Bunka Center CO.,LTD. Ecostyle will notify the lender in writing by the end of July every year of the KPI results for the period from April to March of the previous year, after the results have been compiled and verified by a third party.The lender will be able to obtain the latest information on the achievement status of SPT. 2021/10/26Open in new tab or window - - 「Annual target for the number of low-voltage photovoltaic panels installed (single year or cumulative total)」
This is a measurement of the total number of solar panel capacities installed by Ecostyle, including those for which only installation was performed without sales of panels.
Lending conditions vary depending on the SPT achieved
Sanyo Homes Corporation SHIGA BANK, LTD. Rating & Investment Information, Inc. The results of KPI measurements for the period April to March of the previous year will be notified to the arranger/agent, Shiga Bank, and all lenders by the end of July each year. The lender will be able to obtain the latest information on the achievement status of SPT. 2021/10/27Open in new tab or window - 1.5 billion yen The ZEH ratio for detached houses is set at 76% for the fiscal year ending March 2022 (April 1, 2021 to March 31, 2022) and 77% for the fiscal year ending March 2023 (April 1, 2022 to March 31, 2023). Lending conditions vary depending on the SPT achieved
MINO Industry
(美濃工業)
The Juroku Bank, Ltd. Rating & Investment Information, Inc. Report in writing to the lender on the achievement of the SPTs by the end of June of each year or such other date as the lender may reasonably designate. 2021/11/4PDF - - Increase the share of sales of electrification components in the total products manufactured by Mino Industry by 2% per year for 10 years from 14% in the fiscal year ending February 28, 2022. It is designed to reduce the interest rate every year if the SPTs are achieved.
Japan Real Estate Investment Corporation The Norinchukin Bank Japan Credit Rating Agency, Ltd. ●The following items will be disclosed at least once a year
・Updates on the performance of selected KPIs (including baseline assumptions)
・Information useful for lenders to gauge the level of ambition of SPTs

● Disclose the following information to the extent possible
・A qualitative and quantitative description of the main factors that contributed to the improvement in performance/KPIs (including M&A activities, etc.)
・Explanation of how improved performance will impact the borrower's sustainability
・Whether or not KPIs are reevaluated, whether or not established SPTs are revised, and whether or not baseline assumptions or the scope of KPIs are changed
2021/11/15PDF 10 years 5 billion yen KPI1: Reduction in CO2 emissions compared to FY2013 results
SPT1: FY2030 target: 35% reduction from FY2013 levels

KPI2: Number of buildings certified as ZEB under BELS (including Nearly ZEB, ZEB Ready, and ZEB Oriented buildings)
SPT2: FY2030 target: 5 buildings
The financial characteristics will change depending on whether or not the predetermined SPTs for the selected KPIs are achieved.
Nakajima Chemical
(有限会社中島化学)
The Juroku Bank, Ltd. Rating & Investment Information, Inc. As part of the compliance requirements of the loan agreement, Nakashima Chemical is required to report annually on the progress of the SPTs to the provider of funds. Each year, a document confirming the figures for the SPTs determination must be submitted at least 10 business days prior to the SPTs determination date. 2021/11/24PDF - - Sales of new products manufactured using recycled plastic materials (trays that support parts at automobile plants) It is designed to look at the achievement of SPTs every year and reduce interest rates if they are achieved, or restore them if they are not.
GPSS Holdings Inc. JA Mitsui Leasing, Ltd. Japan Credit Rating Agency, Ltd. GPSS Holdings plans to regularly update and disclose its KPI and SPT performance in its annual sustainability report and on the GPSS Holdings sustainability page. It also plans to have its performance on SPT verified by an external third party. 2021/11/30PDF 5 years 2 billion yen By 2030, achieve a cumulative greenhouse gas emissions avoidance of 720,000 tons (approximately 12 times the 2020 level). The financial characteristics of the arrangement change depending on whether the SPT is achieved or not.
RICOH LEASING COMPANY, LTD. Sumitomo Mitsui Trust Bank, Limited Japan Credit Rating Agency, Ltd. ●The following items will be disclosed at least once a year
・Updates on the performance of selected KPIs (including baseline assumptions)
・Information useful for lenders to gauge the level of ambition of SPTs

● Disclose the following information to the extent possible
・A qualitative and quantitative description of the main factors that contributed to the improvement in performance/KPIs (including M&A activities, etc.)
・Explanation of how improved performance will impact the borrower's sustainability
・Whether or not KPIs are reevaluated, whether or not established SPTs are revised, and whether or not baseline assumptions or the scope of KPIs are changed
2021/11/30PDF - - ・Reduce CO₂ emissions (on a gross basis, Scope 1 and 2) to below 773.8 t-CO₂ in FY2022, 728.4 t-CO₂ in FY2023, and 683.0 t-CO₂ in FY2024.

・Maintain a leadership level (A, A-) in the CDP climate change score.
The financial characteristics of the arrangement change depending on whether the SPT is achieved or not.
Ishizaki Shoten
(石崎商店)
The Higo Bank, Ltd. Rating & Investment Information, Inc. Ishizaki Shoten will disclose the progress of the SPT to the arranger/agent and lenders on an annual basis. Ishizaki Shoten will disclose on its website the KPI values, KPI calculation methods, and level of ambition as verified by the District Economics Research Institute of Kumamoto Area. 2021/11/30PDF - 2.9 billion yen Annual amount of waste received in the prefecture (amount processed within the region)
FY2023 11,700 tons
FY2024 19,700 tons
FY2025 23,700 tons
FY2026 onwards 25,000 tons
If the SPT is achieved, which is set annually starting in 2024, the applicable interest rate will be preferential.
Fine Sinter Co., Ltd. THE SHIGA BANK,LTD. Rating & Investment Information, Inc. By the end of July each year, the results of KPI measurement for the period from April to March of the previous fiscal year will be notified to the arranger/agent, Shiga Bank, and all lenders. 2021/12/2PDF 5 years 0.5 billion yen Reduction rate of CO2 emissions
(40% reduction by 2025, 50% reduction by 2030 on a consolidated basis in Japan, compared to 2013)
Lending conditions vary depending on the SPT achieved.
NISSHA Mizuho Bank, Ltd.、The Bank of Kyoto, Ltd., MUFG Bank, Ltd. Rating & Investment Information, Inc. Report on the progress of SPT to lenders once a year.
With regard to CO2 emission data for Scope 1 and 2, which are KPIs, the figures will be reported in writing to the lenders and disclosed in the Sustainability Report posted on the website by the end of June each year.
2021/12/3Open in new tab or window - 10 billion yen Reduce CO2 emissions by 3% annually by the fiscal year ending December 31, 2025, compared to 2020 levels. It is designed to reduce the loan terms for subsequent interest calculation periods based on the achievement of the CO2 reduction rate at the end of each fiscal year at the end of December each year.
Imabari Yume Village
(今治.夢ビレッジ)
The Iyo Bank, Ltd.
Ehime Shinkin Bank
Japan Credit Rating Agency, Ltd. ●The following items will be disclosed at least once a year
・Updates on the performance of selected KPIs (including baseline assumptions)
・Information useful for lenders to gauge the level of ambition of SPTs

● Disclose the following information to the extent possible
・A qualitative and quantitative description of the main factors that contributed to the improvement in performance/KPIs (including M&A activities, etc.)
・Explanation of how improved performance will impact the borrower's sustainability
・Whether or not KPIs are reevaluated, whether or not established SPTs are revised, and whether or not baseline assumptions or the scope of KPIs are changed
2021/12/10PDF 20 years 1.4 billion yen SPT 1: Stadium attendance rate of 75.0% or higher
SPT 2: Promotion to J1 in the J-League category
SPT 3: Number of partners (sponsors): 450 or more
SPT 4: Number of paying members of FC IMABARI Sailors' Club (fan club): 5,000 or more
SPT 5: Number of participants in annual events (Earthland environmental education, outdoor training, soccer classes/schools, etc.): 10,000 or more
The financial characteristics of the arrangement change depending on whether the SPT is achieved or not.
YASUNARI Co.,LTD. THE YAMAGUCHI BANK, LTD. Rating & Investment Information, Inc. ・YASUNARI Co.,LTD. will submit to THE YAMAGUCHI BANK, LTD. a document confirming the performance of KPIs for the previous year by the end of October of each year.
・YASUNARI Co.,LTD. will disclose the numerical values on which the actual KPIs are based in "Environmental Activity Report" of the Eco Action 21 .
2021/12/15PDF 5 years 0.2 billion yen (1) Reduce carbon dioxide emissions from business activities to 440.0 t-CO2 or less by 2023.
(2) Achieve 60% or more of the OM solar system installation rate (three-year moving average) in 2023.
If any or all SPTs are satisfied on the SPTs judgment date (end of December 2023), specified interest rate incentives are applied according to the sufficiency of SPTs after December 30, 2024.
MASH Holdings Co.,Ltd. Mizuho Bank, Ltd. Rating & Investment Information, Inc. MASH Holdings Co.,Ltd. will disclose the progress of the SPT to Mizuho Bank, Ltd. once a year. 2021/12/17PDF 3 years 0.3 billion yen Obtaining the Platinum Eruboshi certification

※the Platinum Eruboshi certification is granted to companies that have received Eruboshi certification (A certification system under which the Ministry of Health, Labor and Welfare certifies companies that meet certain standards and have excellent conditions for promoting the activities of women, based on the Law Concerning the Advancement of Women in Employment.), and meet certain requirements, such as achieving the goals of the general business owner's action plan and implementing initiatives to promote women's activities.
During the loan period, incentives are provided to change interest rate conditions in accordance with the progress of the phased initiative to obtain Eruboshi certification.
Ichigo Inc. Mizuho Bank, Ltd. Rating & Investment Information, Inc. As a commitment in the loan agreement, the agent and all lenders through the agent will be provided with materials showing the achievement of the SPT as verified by a third party in the immediately preceding period by the SPT reporting deadline.
KPIs and targets will also be disclosed on Ichigo's webpage.
2021/12/17PDF 10 years 9 billion yen Make 100% renewable energy consumed by business activities by 2025 Give incentives to change interest rate conditions according to the achievement of SPT
Mizuho Bank, Ltd.
Asahi Shinkin Bank
THE SHIGA BANK, LTD.
THE SHIZUOKA BANK, LTD.
Hiroshima Bank, Ltd.
The Fukuho Bank, Ltd.
7 years 4 billion yen
Tokyo Century Corporation MUFG Bank, Ltd. Rating & Investment Information, Inc. ・Tokyo Century Corporation will submit to all lenders, through its loan agent, MUFG Bank, Ltd., a document that confirms JCM's assumed (cumulative) contribution to GHG reduction, as well as the rate of annual paid leave and the rate of male employees taking parental leave.
・In addition, Tokyo Century Corporation will disclose the results of KPIs in its annual Sustainability Data Book and other publications.
2021/12/22PDF 4 years 58 billion yen (1) Achieve the assumed GHG reduction contribution (cumulative) target of 49,000 tons under the bilateral credit system (JCM) by the end of December 2023.
(2) Maintain an annual paid leave acquisition rate of 70% or more for the employees
(3) Maintain 100% male childcare leave acquisition rate for the employees
If all SPTs are satisfied on the SPTs sufficiency judgment date (end of May 2024), the designated interest rate incentive will be applied for each interest calculation period starting on or after June 27, 2024. The applicable conditions are linked to the judgment results of SPTs and function as an economic incentive for Tokyo Century.
Ryutsu
(リューツー)
North Pacific Bank,Ltd. Rating & Investment Information, Inc. Once a year, lenders are required to report the progress of the SPT, and the figures for the KPI of employment of foreign employees are reported to the lenders in writing. 2021/12/22PDF - - Aim to improve the ratio of foreign employees by the fiscal year ending December 2030 If the SPT is achieved, the loan terms are designed to reduce the interest rate for the next year from the business day following the contracted repayment date, which arrives six months after the closing date, to the initial applicable interest rate x 0.9.
TAISEI CORPORATION Development Bank of Japan Inc. - TAISEI CORPORATION will report annually to DBJ the latest information on the progress and achievement of SPT performance.

In addition, information on the achievement of SPT and information on third-party verification will be disclosed to the public on a regular basis through the website and integrated reports.
2021/12/24Open in new tab or window 5 years - Operation stage: Increase the CO2 forecast emission reduction rate for design and construction projects to 43% in FY2023 (compared to FY1990) Loan agreements and memorandums stipulate the linkage between SPT achievement status and lending conditions, etc.
SAKAKIBARA SEIKI CO.,LTD The Bank of Nagoya, Ltd. Rating & Investment Information, Inc. Once a year, the achievement of SPTs will be checked with the value of the company's fiscal year. Sakakibara Seiki will report to The Bank of Nagoya after receiving confirmation from a third-party specialized agency. 2021/12/28PDF 5 years 0.1 billion yen Reduce CO2 emissions by 50% by 2030 compared to fiscal 2018 Apply preferential interest rates when SPTs are achieved.
Starfield Co., Ltd. The Chugoku Bank, Ltd Rating & Investment Information, Inc.
Okayama Economic Research Institute
・Report to The Chugoku Bank once a year on the status of fund allocation (projects allocated, amount of funds), unallocated balance, and environmental improvement effects.
・At the time of reporting, the Okayama Economic Research Institute will confirm the validity of the report.
2022/1/4PDF - - Percentage increase in sales volume of environmentally friendly products
<Target> (compared to previous year)
FY2022: 10%
FY2023: 10%
FY2024: 10%
FY2025: 10%
FY2026 10%
Applicable interest rates are reduced by up to 0.2% per year, depending on the achievement of SPT.
Mitsui Fudosan Co., Ltd. Sumitomo Mitsui Banking Corporation Rating & Investment Information, Inc. Mitsui Fudosan will disclose its KPI results as public information in its annual ESG report and other publications, regardless of whether SPT has made a judgment. 2022/1/13Open in new tab or window - - Reduce total greenhouse gas emissions in Scope 1 + Scope 2 by 46.2% by FY2030 (compared to FY2019) The interest rate terms are linked to the SPT decision results and act as economic incentives and disincentives for Mitsui Fudosan.
Mitsui Fudosan Co., Ltd. The Gunma Bank,Ltd. Rating & Investment Information, Inc. Mitsui Fudosan will disclose its KPI results as public information in its annual ESG report and other publications, regardless of whether SPT has made a judgment. 2022/1/13Open in new tab or window - Reduce total greenhouse gas emissions in Scope 1 + Scope 2 by 46.2% by FY2030 (compared to FY2019) The interest rate terms are linked to the SPT decision results and act as economic incentives and disincentives for Mitsui Fudosan.
Mitsui Fudosan Co., Ltd. The Dai-ichi Life Insurance Company, Limited Rating & Investment Information, Inc. Mitsui Fudosan will disclose its KPI results as public information in its annual ESG report and other publications, regardless of whether SPT has made a judgment. 2022/1/13PDF 20 years Reduce total greenhouse gas emissions in Scope 1 + Scope 2 by 46.2% by FY2030 (compared to FY2019) The interest rate terms are linked to the SPT decision results and act as economic incentives and disincentives for Mitsui Fudosan.
MAKENGINEERING CORPORATION The Chugoku Bank, Ltd Rating & Investment Information, Inc.
Okayama Economic Research Institute
・Report to The Chugoku Bank once a year on the status of fund allocation (projects allocated, amount of funds), unallocated balance, and environmental improvement effects.
・At the time of reporting, the Okayama Economic Research Institute will confirm the validity of the report.
2022/1/26PDF - - Increase in shipments of flow reactor-related products, which are environmentally friendly products:
<Target> (compared to FY2021)
FY2022: 20%
FY2023: 40%
FY2024 60%
FY2025 80%
FY2026 100%
FY2027 120%
Applicable interest rates are reduced by up to 0.2% per year, depending on the achievement of SPT.
RICOH LEASING COMPANY, LTD. Development Bank of Japan Inc. Japan Credit Rating Agency, Ltd. Ricoh Leasing will disclose the performance of KPIs and SPTs on a regular basis after the end of each fiscal year in the annual integrated report and on the web page of Ricoh Leasing.
The figures will be reported separately to the Development Bank of Japan, the lender.
2022/1/27Open in new tab or window - - (1) Reduce CO2 emissions (Scope 1 and 2) to
814.5t-CO2 in FY2021,
773.8t-CO2 in FY2022,
728.4t-CO2 in FY2023,
683.0t-CO2 in FY2024,
637.0t-CO2 in FY2025,
592.2t-CO2 or less in FY2026.

(2) Maintain the leadership level (A, A-) in the CDP climate change score
The loan is structured in such a way that its financial characteristics vary depending on whether or not it achieves predetermined SPTs for selected KPIs.
Hokutaku co.,Ltd Mizuho Bank, Ltd. Rating & Investment Information, Inc. Hokutaku is required to report to Mizuho Bank at least once a year. 2022/1/31PDF 26 years and
2 months
0.7 billion yen Achievement of goals related to "SBT Certification for Small and Medium Enterprises "*.

*The new SBT certification, launched by the Science Based Targets initiative on April 15, 2020, for small and medium-sized enterprises that are independent, non-subsidiary companies with less than 500 employees.
Interest rate conditions vary depending on SPT achievement.
Kanayama Kasei Co., Ltd. The Bank of Nagoya, Ltd. Rating & Investment Information, Inc. Once a year, the achievement of SPTs will be checked with the value of the company's fiscal year. Kanayama Kasei will report to The Bank of Nagoya after receiving confirmation from a third-party specialized agency. 2022/1/31PDF 5 years 0.05 billion yen Reduce CO2 emissions by 50% by 2030 compared to 2018 Apply preferential interest rates when SPTs are achieved.
A3 Saitama Resona Bank,Limited Rating & Investment Information, Inc. A3 reports the achievement status of SPTs once a year with the value of the company's fiscal year to Saitama Resona Bank in the prescribed form. 2022/2/8Open in new tab or window 5 years 0.1 billion yen 100% of male employees take parental leave Incentives are given to change the terms of the next loan fee according to the progress of SPTs.
Mitsui Fudosan Co., Ltd. The Norinchukin Bank Rating & Investment Information, Inc. Mitsui Fudosan will disclose its KPI results as public information in its annual ESG report and other publications, regardless of whether SPT has made a judgment. 2022/2/24PDF - - Reduce total greenhouse gas emissions in Scope 1 + Scope 2 by 46.2% by FY2030 (compared to FY2019) The interest rate terms are linked to the SPT decision results and act as economic incentives and disincentives for Mitsui Fudosan.
Nipro Corporation The Norinchukin Bank Rating & Investment Information, Inc. By the end of July each year, Nipro shall total up the actual number of pre-filled syringes sold from April to March of the previous year and notify the agent, The Norinchukin Bank, and the syndicate of lenders in writing. 2022/2/28PDF 7 years 10 billion yen Average annual growth rate of unit sales of pre-filled syringes* from FY2020 to FY2025

*Pre-filled syringes are injectable drugs that are pre-filled with medication, and are used to prevent medical errors and improve the operational efficiency of medical facilities.
The lending terms are linked to NIPRO's performance against the SPT, providing an incentive to achieve the SPT target.
XSOL CO., LTD. The Bank of Kyoto, Ltd. Rating & Investment Information, Inc. XSOL will report annually to the lender on the progress of the SPT.
Data on the KPI "annual shipment of photovoltaic modules (solar panels, etc.)" will be reported in writing to the lender and posted on the website by the end of September each year.
2022/2/28PDF 5 years 0.3 billion yen Increase annual solar module shipments from 400 MW in FY05/10 to 720 MW in FY05/26 The lending terms are linked to XSOL's performance against the SPT, providing an incentive to achieve the SPT target.
Techno Home Nagano
(テクノホーム長野)
THE HACHIJUNI BANK,LTD. Rating & Investment Information, Inc. Techno Home Nagano is required to submit materials showing the achievement of the SPT verified by a third party in the immediately preceding period by the SPT reporting deadline.
The KPIs and targets will be disclosed on Technohome Nagano's webpage, and the information will also be made public using the ZEH Builder/Planner Registration System of the Initiative for Sustainable Co-creation of Environment and Innovation.
2022/2/28PDF - 0.1 billion yen ZEH ratio of detached houses by year (including Nearly ZEH)
FY2023: 30%
FY2024: 35%
FY2025: 55%
Lending terms and conditions are linked to Technohome Nagano's positive performance on the SPT, which is an incentive to achieve the SPT's goals.
HEIWA REAL ESTATE CO.,LTD. Resona Bank, Limited.
Aozora Bank, Ltd.
Sumitomo Mitsui Trust Bank, Limited
Shinsei Bank, Limited.
Japan Credit Rating Agency, Ltd.

Evaluation Section, Sustainability Promotion Department, Shinsei Bank, Limited.
Information on the achievement of the SPT is to be provided at least annually to both the lender and the general public for this loan. 2022/2/28PDF - 7 billion yen Reduce group-wide greenhouse gas (GHG) emissions by 50% by FY2030 (compared to FY18) Lending terms vary depending on the achievement or non-achievement of SPTs
Kokusan Spring Industrial Co.,Ltd. THE SHIGA BANK,LTD. Shigagin Keizai Bunka Center CO.,LTD. ・The SPT is included in the action plan to be submitted to Shiga Prefecture, and a copy is submitted to the lender.
・The action plan is made public on the Shiga Prefecture website.
・The progress will be described in an action report to be submitted to Shiga Prefecture once a year, and a copy of the report will be submitted to the lender.
・The action report is also made public on the Shiga Prefecture website.
・Information on SPT is disclosed to the public.
2022/2/28Open in new tab or window - 0.1 billion yen Reduction rate of CO₂ emissions (on a per-unit basis):
Set targets in stages to achieve a 50% reduction (compared to FY2013) in FY2030
Lending conditions vary depending on the achievement of SPT
HOWA HOLDINGS
(宝和ホールディングス)
The Chugoku Bank, Ltd Rating & Investment Information, Inc.
Okayama Economic Research Institute
・Report to The Chugoku Bank once a year on the status of fund allocation (projects allocated, amount of funds), unallocated balance, and environmental improvement effects.
・At the time of reporting, the Okayama Economic Research Institute will confirm the validity of the report.
2022/2/28PDF - - CO2 reduction rate per net sales
<Target> (compared to previous year)
FY2022 -1.5%
FY2023: -1.5%
FY2024: -1.5%
FY2025: -1.5%
Applicable interest rates are reduced by up to 0.2% per year, depending on the achievement of SPT.
Mitsubishi Estate Logistics REIT Investment Corporation (MEL) The Norinchukin Bank Japan Credit Rating Agency, Ltd. MEL plans to disclose the performance of KPIs to lenders, etc. on its website, etc. after the end of each fiscal year.
At that time, third-party verification from an external certification organization is scheduled to be obtained for disclosure items related to CO2 emissions (per-unit) and energy consumption (per-unit).
In cases where there are delays in progress due to unforeseen circumstances, analysis of the causes and future measures will also be considered for disclosure to the lender.
2022/3/1PDF 10 years 2 billion yen ① 30% reduction of CO2 emissions (per unit production) from 0.025t-CO2/m2 in FY2017
② 100% of properties with green building certification
③ 15% reduction from actual energy consumption (per unit) of 50.20 kWh/m2 in FY2017
④ Achieve a GRESB Real Estate Rating of 4 stars or higher continuously from the date of loan origination.
The loan is structured in such a way that its financial characteristics vary depending on whether or not it achieves predetermined SPTs for selected KPIs.
NIHON HI-HEAT ENGINEERING The Iyo Bank, Ltd. IYOGIN REGIONAL ECONOMY RESEARCH CENTER,INC. NIHON HI-HEAT ENGINEERING will consider publicly announcing the progress of the SPTs and other information. In addition, MARUSAN INDUSTRY will report to the Iyo Bank the latest information on the progress of the SPTs. 2022/3/8PDF 15 years and 8 months 0.165 billion yen ① CO2 emissions per gross building floor area: 4.18% reduction per year between 2019 and 2036
② Number of orders for LNG-fueled and zero-emission vessels: 2 orders per year
Achievement of SPTs is linked to lending conditions.
MEGMILK SNOW BRAND Co.,Ltd. The Norinchukin Bank Rating & Investment Information, Inc. MEGMILK SNOW BRAND will submit to the Agent and all Lenders through the Agent, by the SPT reporting deadline, materials showing the achievement of the SPT as verified by an independent third-party verifier in the immediately preceding fiscal year.
It will also be included in the integrated report to be posted on its website.
2022/3/14PDF 6 years 8 billion yen CO2 emission reduction (2030 target: 50% reduction from 2013) The lending terms are linked to MEGMILK SNOW BRAND's performance against the SPT, providing an incentive to achieve the SPT target.
Nomura Real Estate Holdings, Inc. The Hokuriku Bank, Ltd. - - 2022/3/18PDF - 1 billion yen Set a target for total greenhouse gas emissions reduction rate Preferential interest rate spread based on achievement of SPTs
YANMAR HOLDINGS CO., LTD. Resona Bank, Limited. Rating & Investment Information, Inc. Yanmar will report to the Agent and all lenders through the Agent once a year on the status of achievement of the SPT. In addition to the reports to the lenders, the information will be disclosed on Yanmar's website. 2022/3/22PDF - 10 billion yen Yanmar will increase the amount of electricity it uses from renewable energy sources that it installs itself (actual self-sufficiency figures) by 10 times from the current 3 million kwh to 30 million kwh in the fiscal year ending March 2026. Based on the status of achievement of the SPT target, the spread will be lowered if the target is achieved.
Tokyo Century Corporation Mizuho Bank, Ltd. Rating & Investment Information, Inc. ・Tokyo Century will submit to all lenders, through its loan agent Mizuho Bank, Ltd., a document that can confirm the assumed cumulative GHG reduction contribution under the Bilateral Credit Scheme, the annual paid leave utilization rate, and the male parental leave utilization rate.
・In addition to the above, Tokyo Century will disclose the results of KPIs in its annual Sustainability Data Book and other documents.
2022/3/24PDF 3 years and 9 months 55.2 billion yen 1. Achieve the cumulative GHG reduction contribution target of 49,000 tons under the Bilateral Credit Mechanism (JCM) by the end of December 2023.
2. Maintain an annual paid leave utilization rate of at least 70% among our employees.
3. Maintain 100% of male employees taking childcare leave.
If all SPTs are satisfied on the SPTs satisfaction determination date, the preferential interest rate will be applied.
Sapporo Hokuyo Lease Co.,Ltd. North Pacific Bank,Ltd. Rating & Investment Information, Inc. Annually, the amount of new purchases of commercial products that contribute to energy conservation and decarbonization will be aggregated and notified in writing to the lender, North Pacific Bank. 2022/3/25PDF 5 years 1 billion yen Purchases of HV and other vehicles, high-efficiency air conditioning, high-efficiency refrigeration and freezing equipment, and fuel-efficient construction equipment:
110% growth level (900 million yen) in FY2025 from the three-year average of purchases from FY 2019 to FY 2021 (FY 2021 is projected)
Interest rates and other financing terms are linked to the achievement of SPTs.
Tokyo Century Corporation Sumitomo Mitsui Banking Corporation Rating & Investment Information, Inc. ・Tokyo Century will submit to all lenders, through its loan agent Mizuho Bank, Ltd., a document that can confirm the assumed cumulative GHG reduction contribution under the Bilateral Credit Scheme, the annual paid leave utilization rate, and the male parental leave utilization rate.
・In addition to the above, Tokyo Century will disclose the results of KPIs in its annual Sustainability Data Book and other documents.
2022/3/28PDF 3 years and 9 months 53 billion yen 1. Achieve the cumulative GHG reduction contribution target of 49,000 tons under the Bilateral Credit Mechanism (JCM) by the end of December 2023.
2. Maintain an annual paid leave utilization rate of at least 70% among our employees.
3. Maintain 100% of male employees taking childcare leave.
If all SPTs are satisfied on the SPTs satisfaction determination date, the preferential interest rate will be applied.
EARTHSUPPORT THE SAN-IN GODO BANK,LTD. Japan Credit Rating Agency, Ltd. Earth Support will disclose its KPI performance to lenders after the end of each fiscal year. 2022/3/28PDF - - KPI 1: Increase sales of "Katazukedo" and "Kaitaido" businesses for individuals (support for solving the problem of vacant houses, etc.)
SPT 1: 150 million yen by the fiscal year ending September 2026
KPI 2: Renewal project of sorting building and improvement of recycling rate
SPT 2: Improve by 3% by FY9/2026
KPI 3: Increase the average length of service of all employees (including full-time, part-time, and contract employees)
SPT 3: Average years of service to be 9.26 years by FY9/2026
The financial characteristics of the arrangement change depending on whether or not the pre-defined SPTs for the selected KPIs are achieved.
Mebuki Lease Co.,Ltd. The Joyo Bank, Ltd.
The Ashikaga Bank, Ltd.
Rating & Investment Information, Inc. By the end of July each year, the amount of new contracts for commercial products that contribute to energy conservation and decarbonization for the period from April to March of the previous year will be summarized and notified in writing to the lenders, Joyo Bank and Ashikaga Bank. KPI data will be managed by the Mebuki Leasing Planning Department, and SPT achievement status will be disclosed on the company's website. 2022/3/29PDF - 2 billion yen Achieve 2,590 million yen in new contracts (leases and installment sales) for commercial products that contribute to energy conservation and decarbonization in the fiscal year ending March 31, 2025 It is designed to reduce the interest rate if the SPT is achieved. If the SPT is not reported as achieved, the interest rate is raised as a penalty.
WWB The Chiba Bank, Ltd. Rating & Investment Information, Inc.,
Chibagin Research Institute Corporation
WWB reports annually to The Chiba Bank, Ltd. on (1) the progress of the project and the amount appropriated and unappropriated balance, (2) the environmental improvement effects, and (3) other matters. 2022/3/30PDF - 0.5 billion yen Generating capacity of renewable energy generation facilities owned by the lender group A mechanism is set up to lower or raise interest rates depending on the achievement of the SPT.
Makes Co.,Ltd. The Keiyo Bank,Ltd. Rating & Investment Information, Inc. Makes will report on the progress of the SPT to the agent and to the lender through the agent. The status of achievement will be posted on its website. 2022/3/30PDF - - To increase the ratio of foreign employees until the fiscal year ending May 31, 2028. It is designed to reduce the interest rate if the SPT is achieved.
KYOKUYO-DENKI co.,ltd THE YAMANASHI CHUO BANK, LTD. Rating & Investment Information, Inc. KYOKUYO-DENKI will provide the lenders with materials showing the status of SPT achievement in the most recent fiscal year by the SPT reporting deadline, and post the materials on its website. 2022/3/30PDF - 0.5 billion yen Reduce CO2 emissions (Scope 2) by 40% in FY2030 compared to FY2020. It is designed to reduce the applicable interest rate if the SPT is achieved.
Ogawa Econos Inc. The Hiroshima Bank, Ltd. HIROGIN area design Co. Ltd. External review for SPT and annual reporting are required. 2022/3/30PDF 5 years 0.1 billion yen ① Number of delivery lessons: 16 in 2022, 18 in 2023, 20 in 2024, 22 in 2025, 23 in 2026
② Number of factory tours for high school students and younger (number of foreign visitors): 22 in 2022 (3), 24 in 2023 (4), 26 in 2024 (5), 27 in 2025 (6), 28 in 2026 (6)
③ Number of classes with Meister certification: 5 in 2022, 6 in 2023, 8 in 2024, 9 in 2025, and 10 in 2026.
④ Number of environmental awareness events: 3 in 2022 years, 4 in 2023 years, 5 in 2024 years, 5 in 2025 years, 6 in 2026 years
If the SPT is achieved, the interest rate will be reduced
SETTSU METAL INDUSTRIAL CO.,LTD. THE SHIGA BANK,LTD. Rating & Investment Information, Inc.
Shigagin Keizai Bunka Center CO.,LTD.
・The SPT is included in the action plan to be submitted to Shiga Prefecture, and a copy is submitted to the lender.
・The action plan is made public on the Shiga Prefecture website.
・The progress will be described in an action report to be submitted to Shiga Prefecture once a year, and a copy of the report will be submitted to the lender.
・The action report is also made public on the Shiga Prefecture website.
・Information on SPT is disclosed to the public.
2022/3/30Open in new tab or window 5 years 0.1 billion yen Annual targets for the percentage of recycled materials used and the number of aluminum rack products collected in the "Rack to Rack®" project.
The cumulative target is set in addition to the annual target for the number of units collected.
Lending conditions vary depending on the achievement of SPT
Mitsui Fudosan Co., Ltd. SUMITOMO LIFE INSURANCE COMPANY Rating & Investment Information, Inc. Mitsui Fudosan will disclose the performance of KPIs as public information in its annual ESG reports, etc., regardless of whether or not the SPT has made a determination. 2022/3/31PDF - - Reduce total greenhouse gas emissions in Scope 1+Scope 2 by 46.2% by FY2030 (compared to FY 2019) Interest rate terms are linked to the results of the SPT determination and act as an economic incentive and disincentive for Mitsui Fudosan.
Mitsui Fudosan Co., Ltd. DAIDO LIFE INSURANCE COMPANY Rating & Investment Information, Inc. Mitsui Fudosan will disclose the performance of KPIs as public information in its annual ESG reports, etc., regardless of whether or not the SPT has made a determination. 2022/3/31PDF - - Reduce total greenhouse gas emissions in Scope 1+Scope 2 by 46.2% by FY2030 (compared to FY 2019) Interest rate terms are linked to the results of the SPT determination and act as an economic incentive and disincentive for Mitsui Fudosan.
Mitsui Fudosan Co., Ltd. Meiji Yasuda Life Insurance Company Rating & Investment Information, Inc. Mitsui Fudosan will disclose the performance of KPIs as public information in its annual ESG reports, etc., regardless of whether or not the SPT has made a determination. 2022/3/31PDF 13 years - Reduce total greenhouse gas emissions in Scope 1+Scope 2 by 46.2% by FY2030 (compared to FY 2019) Interest rate terms are linked to the results of the SPT determination and act as an economic incentive and disincentive for Mitsui Fudosan.
OBAYASHI CORPORATION MUFG Bank, Ltd. Rating & Investment Information, Inc. The status of achievement of the set SPTs will be disclosed annually as environmental and social activity results on Obayashi's website. 2022/3/31Open in new tab or window 5 years 70 billion yen
(credit line)
SPT 1: Annual targets consistent with Scope 1 and 2 of a 46.2% reduction in CO2 emissions in FY2030 (compared to FY 2019).
SPT 2: Annual targets consistent with Scope 3's 27.5% reduction in CO2 emissions in FY2030 (compared to FY 2019).
The characteristics of the bond/loan will change depending on its achievement against the SPTs.
HEIWA REAL ESTATE CO.,LTD. The Norinchukin Bank Japan Credit Rating Agency, Ltd. Heiwa Real Estate plans to disclose the performance of KPIs to the Norinchukin Bank after the end of each fiscal year. Third-party verification of the performance of the SPTs established under the loan will be obtained from an external certification body. 2022/3/31PDF - - Reduce greenhouse gas (GHG) emissions by 50% by FY2030 (compared to FY18) The financial characteristics of the arrangement change depending on whether or not the pre-defined SPTs for the selected KPIs are achieved.
Nomura Real Estate Holdings, Inc. The Norinchukin Bank Rating & Investment Information, Inc. Each emission amount for Scope 1, 2 and 3 (Category 1 and 11) will be reported on Nomura Real Estate Holdings' sustainability website and in the Sustainability Report, along with information on sustainability policy and governance. 2022/3/31PDF - - SPT-1 : Reduce Scope 1 and 2 emissions by 35.0% compared to the FY2019 level by FY2030.
SPT-2 : Reduce Scope 3 emissions (Categories 1 and 11) by 35.0% compared to the FY2019 level by FY2030.
Different levels of preferential interest rate ranges are applied to each of SPT-1 and SPT-2, based on the degree of difficulty in achieving their goals. The interest rate terms are linked to performance levels and act as an economic incentive for Nomura Real Estate Holdings.
TOKYU CORPORATION Development Bank of Japan Inc. - Tokyu will report to the DBJ once a year on the progress and achievement of the SPTs, and when the SPTs are achieved, Tokyu will report to the DBJ after verification by a third-party organization.
Information on the status of achievement of the SPTs and information related to the third-party verification will be disclosed to the public on a regular basis on the website or in the Integrated Report.
2022/3/31Open in new tab or window - 18.497 billion yen 46.2% reduction in CO2 emissions by Tokyu and consolidated subsidiaries in FY2030 (compared to FY2019) Achievement of SPTs is linked to lending conditions and other factors.
HOKUTO Corporation THE HACHIJUNI BANK,LTD.
MUFG Bank, Ltd.
Sumitomo Mitsui Banking Corporation
Japan Credit Rating Agency, Ltd. HOKUTO will report the progress of SPTs to the lender tentatively by the end of May each year, including verification by the end of June. 2022/3/31PDF - 7 billion yen ① Global sales volume of the Hokuto Group in FY2025: 90,000 tons
② Increase in the number of members of "Mushroom Lab," a mushroom fan site
③ Development of new Bunashimeji strain with enhanced ornithine content
④ Expansion of solar power generation sites to 10 sites
⑤ Cumulative sales of environment-related materials over 4 years: 2 billion yen
⑥ Diversification and advancement of utilization of used culture media (realization of 3 new methods of utilization)
⑦ Acquire certification as a corporation with excellent health management
Financial characteristics change when SPTs are achieved.
Shinwakensetsu Co.,Ltd. The Bank of Nagoya, Ltd. Rating & Investment Information, Inc. Once a year, the achievement of SPTs will be checked with the value of the company's fiscal year. Shinwakensetsu will report to The Bank of Nagoya after receiving confirmation from a third-party specialized agency. 2022/3/31PDF 5 years 0.05 billion yen Reduce CO2 emissions by 21.0% relative to FY2020 over the five-year period from FY2021 to FY2025, as a milestone toward achieving the goal of a 42% reduction in CO2 emissions by 2030 relative to FY2020. Preferential interest rates will be applied when SPTs are achieved.
Kawasaki Heavy Industries, Ltd. Development Bank of Japan Inc. - Information on the progress and achievement of the SPTs will be reported by Kawasaki Heavy Industries to the Development Bank of Japan once a year, and when the SPTs are achieved, the information will be verified by a third party. Information related to the third-party verification will be disclosed to the public on a regular basis on the website or in the Integrated Report. 2022/3/31Open in new tab or window - - SPT 1: Complete construction of one large commercial-scale liquefied hydrogen carrier by FY2026.
SPT 2: Achieve a hydrogen transportation capacity of 225,000 tons/year or more to Japan by FY2031.
Achievement of SPTs is linked to lending conditions and other factors.
AEON TOWN Co.,Ltd. Resona Bank, Limited.
The Keiyo Bank,Ltd.
MUFG Bank, Ltd.
Rating & Investment Information, Inc. AEON TOWN will submit the latest KPI results and information on its sustainability strategy to the lenders within three months of the end of each fiscal year from the fiscal year ending February 2023 to the fiscal year ending February 2026. 2022/3/31PDF - - (1) At least 45% of electricity consumption in FY02/2025 will be CO2-free.
(2) At least 55% of electricity consumption in FY02/2026 will be CO2-free.
If the SPT is achieved, the designated preferential treatment will apply from the interest calculation period in which the determination date falls until redemption. If SPT-1 is achieved but SPT-2 is not, the preferential treatment for SPT-1 will be removed from the interest calculation period in which the determination date for SPT-2 falls until redemption.
KODENSYA inc Saitama Resona Bank,Limited Rating & Investment Information, Inc. KODENSYA will report annually to the lender on the progress of the SPTs. Data on the market installed capacity (cumulative) of installed renewable energy generation capacity, which is its KPI, will be reported in writing to the lender and posted on its website annually. 2022/3/31PDF 11 years 0.6 billion yen Increase the market installed capacity of renewable energy power generation facilities installed by KODENSYA from 3,418 kW (cumulative) in FY10/2021 to the following in FY10/2030
SPT1 26,312 kW (7.7 times)
SPT2 36,039kW (10. 5 times)
It is designed to reduce the interest rate if the SPT is achieved.
The floating interest rate spread will be lowered when SPT1 and SPT2 are achieved respectively.
Asahi Bussan Co., Ltd. The Chugoku Bank, Ltd. Rating & Investment Information, Inc.
Okayama Economic Research Institute
・Report to The Chugoku Bank once a year on the status of fund allocation (projects allocated, amount of funds), unallocated balance, and environmental improvement effects.
・At the time of reporting, the Okayama Economic Research Institute will confirm the validity of the report.
2022/3/31PDF 7 years 0.05 billion yen (1) Reduction rate of electricity consumption per net sales (food manufacturing sector)
(2) Electricity consumption (other than food production sector)
Up to 0.2% annual reduction in applicable interest rate depending on the achievement of SPT
JR Kyushu FG Lease
(JR九州FGリース)
The Higo Bank, Ltd. Rating & Investment Information, Inc. JR Kyushu FG Lease will annually calculate the amount of new contracts for commercial products that contribute to energy conservation and decarbonization, as well as for medical care and welfare, and notify the lender, The Higo Bank, in writing, as well as disclose on its own website whether or not it has achieved this goal. 2022/3/31PDF 3 years 0.1 billion yen Achieve 250 million yen in new contracts for renewable energy and energy-saving equipment and medical and welfare equipment in FY3/2023 and 300 million yen in FY3/2024. It is designed to reduce the interest rate if the SPT is achieved.
Higin Lease Co., Ltd. The Higo Bank, Ltd. Rating & Investment Information, Inc. Higin Lease will annually calculate the amount of new contracts for commercial and forestry products that contribute to energy conservation and decarbonization, and notify the lender, the Higo Bank, in writing, and disclose on its website whether or not it has achieved this goal. 2022/3/31PDF 3 years 0.3 billion yen Achieve 544 million yen in new contracts for renewable energy and energy-saving equipment and for the forestry industry in FY3/2023 and 604 million yen in FY3/2024. It is designed to reduce the interest rate if the SPT is achieved.
MARUSAN INDUSTRY CO., LTD. The Iyo Bank, Ltd. IYOGIN REGIONAL ECONOMY RESEARCH CENTER,INC. MARUSAN INDUSTRY will consider publicly announcing the progress of the SPTs and other information. In addition, MARUSAN INDUSTRY will report to the Iyo Bank the latest information on the progress of the SPTs. 2022/3/31PDF 10 years 1 billion yen The use of cotton, a natural material, will be increased in stages between FY2021, the base year, and FY2031, with the target for FY2031 being approximately doubled (196.8%). Achievement of SPTs is linked to lending conditions.
Shoei Driving School The Iyo Bank, Ltd. IYOGIN REGIONAL ECONOMY RESEARCH CENTER,INC. Shoei Driving School will consider publicly announcing the progress of the SPTs and other information. In addition, MARUSAN INDUSTRY will report to the Iyo Bank the latest information on the progress of the SPTs. 2022/3/31PDF 8 years 0.3 billion yen Ratio of next-generation vehicles* to total training vehicles
*Next-generation vehicles: Plug-in hybrid vehicles, hybrid vehicles, electric vehicles, fuel cell vehicles, etc.
Achievement of SPTs is linked to lending conditions.
Shodoshima Healthyland Co., Ltd. The Chugoku Bank, Ltd Rating & Investment Information, Inc.
Okayama Economic Research Institute
・Report to The Chugoku Bank once a year on the status of fund allocation (projects allocated, amount of funds), unallocated balance, and environmental improvement effects.
・At the time of reporting, the Okayama Economic Research Institute will confirm the validity of the report.
2022/4/20PDF - - Number of olive seedlings donated and sold:
<Target>
FY2022: 570 trees
FY2023: 740 trees
FY2024: 910 trees
FY2025: 1,080 trees
FY2026: 1,250 trees
Applicable interest rates are reduced by up to 0.2% per year, depending on the achievement of SPT.
Iwasa Corporation The Hyakujushi Bank, Ltd. Rating & Investment Information, Inc.
Hyakujushi Economic Research Institute
Iwasa will report to The Hyakujushi Bank once a year in the prescribed form on (1) the outline and implementation status of the project, (2) the effects of environmental improvement and the effects of solving social issues, and (3) the amount appropriated for the project and the unappropriated balance. 2022/4/28PDF - - Reduction rate of CO2 emissions through green procurement (purchase of electric furnace materials)
<Target>
FY9/2022: 15%
FY9/2023: 16%
FY9/2024: 17%
FY9/2025: 18%
FY9/2026: 19%
Status of achievement of SPTs is in principle checked on an annual basis, and the interest rate is set to be reduced according to the level of achievement.
Sunplaza
(サンプラザ)
The Hyakujushi Bank, Ltd. Rating & Investment Information, Inc.
Hyakujushi Economic Research Institute
Sunplaza(サンプラザ) will report to The Hyakujushi Bank once a year in the prescribed form on (1) the outline and implementation status of the project, (2) the effects of environmental improvement and the effects of solving social issues, and (3) the amount appropriated for the project and the unappropriated balance. 2022/4/28PDF - - Eco-Tray and Eco-APET usage rate
<Target>
FY2022: 50%
FY2023: 50%
FY2024: 50%
FY2025: 50%
FY2026: 50%
Status of achievement of SPTs is in principle checked on an annual basis, and the interest rate is set to be reduced according to the level of achievement.
SEIRYO LINE The Bank of Nagoya, Ltd. Rating & Investment Information, Inc. Once a year, the achievement of SPTs will be checked with the value of the company's fiscal year. SEIRYO LINE will report to The Bank of Nagoya after receiving confirmation from a third-party specialized agency. 2022/4/28PDF 5 years 0.05 billion yen To achieve a CO2 emission reduction target of 42% of the FY2020 level by 2030 (SBT certified "1.5°C target" level), a milestone is set to reduce CO2 emissions by 21.0% of the FY2020 level for the five fiscal years from FY2021 to FY2025 (annual targets are set). Apply preferential interest rates when SPTs are achieved.
KAMOSENI The Hiroshima Bank, Ltd. HIROGIN area design Co. Ltd. External review for SPT and annual reporting are required. 2022/4/28PDF 5 years 0.2 billion yen Reduction of waste ratio (amount of cutting waste/total amount of cutting) If the SPT is achieved, the interest rate will be reduced
Sakae Industry Co., Ltd. THE SHIGA BANK,LTD. Rating & Investment Information, Inc.
Shigagin Keizai Bunka Center CO.,LTD.
・The SPT is included in the action plan to be submitted to Shiga Prefecture, and a copy is submitted to the lender.
・The action plan is made public on the Shiga Prefecture website.
・The progress will be described in an action report to be submitted to Shiga Prefecture once a year, and a copy of the report will be submitted to the lender.
・The action report is also made public on the Shiga Prefecture website.
・Information on SPT is disclosed to the public.
2022/4/28Open in new tab or window 5 years 0.1 billion yen Reduction rate of CO₂ emissions (on a per-unit basis):
Set targets in stages to achieve a 50% reduction (compared to FY2020) by FY2030
Lending conditions vary depending on the achievement of SPT
HEIWA REAL ESTATE CO.,LTD. THE HOKKAIDOBANK,LTD. Japan Credit Rating Agency, Ltd. Heiwa Real Estate plans to disclose the performance of KPIs to lenders after the end of each fiscal year. Third-party verification of the performance of the SPTs established under the loan will be obtained from an external certification body. 2022/5/31PDF - - Reduce group-wide greenhouse gas (GHG) emissions by 50% by FY2030 (compared to FY2018) Preferential interest rate spread based on SPT achievement
HEIWA REAL ESTATE CO.,LTD. Nippon Life Insurance Company Japan Credit Rating Agency, Ltd. Heiwa Real Estate plans to disclose the performance of KPIs to lenders after the end of each fiscal year. Third-party verification of the performance of the SPTs established under the loan will be obtained from an external certification body. 2022/5/31PDF - - Reduce group-wide greenhouse gas (GHG) emissions by 50% by FY2030 (compared to FY2018) Preferential interest rate spread based on SPT achievement
Japan Real Estate Investment Corporation(JRE) The Norinchukin Bank Japan Credit Rating Agency, Ltd. JRE plans to disclose the performance of KPIs to lenders once a year. In addition, JRE plans to obtain third-party verification of the progress of the SPTs established under the loan from an external certification body, and will consider disclosing to lenders any delays in progress due to unforeseen circumstances, including an analysis of the causes and future measures. 2022/6/15PDF - - SPT1: Reduction rate of CO2 emissions (FY2030 target: 80% reduction compared to FY2019)
SPT2: Number of properties with ZEB certification under BELS (FY2030 target: 5 properties)
In order to incentivize the realization of JRE's sustainability strategy, the timing of interest rate review is set multiple times until the maturity date, and the progress of SPTs is linked to the loan terms and conditions, etc.
Onabe Gumi Corporation
(尾鍋組)
THE HYAKUGO BANK,LTD. Rating & Investment Information, Inc. Public disclosure of the project outline will be made if the borrower agrees at the time of loan execution. THE HYAKUGO BANK will receive reports from the borrower once a year during the loan period on application status of the funds procured and the effects of the environmental improvements. 2022/6/10PDF - - Number of Eco-Geo construction projects per year Incentives such as interest rate reductions are set based on the achievement of SPTs
HANABUSA
(ハナブサ)
The Hyakujushi Bank, Ltd. Rating & Investment Information, Inc. Once a year, HANABUSA will review the progress of SPTs and report to The Hyakujushi Bank in a prescribed format.
The Hyakujushi Bank will encourage HANABUSA to disclose to the public the details of its reporting at the time of loan origination and during the term.
2022/6/17PDF - - Percentage increase in sales of certified organic products and products using certified organic raw materials In principle, the progress of the SPTs will be checked on an annual basis, and the interest rate will be reduced according to the progress of the SPTs.
DIC The Norinchukin Bank Japan Credit Rating Agency, Ltd. DIC plans to disclose the KPI performance figures for each calendar year in the following year in the DIC Report (Integrated Report) and on its website. CO2 emissions (Scope 1+Scope 2) to confirm the progress of the SPT are continuously verified by a third-party organization. 2022/6/17PDF 10 years - Reduce CO2 emissions (Scope 1 + Scope 2) by 50% by 2030 compared to 2013 Financial characteristics are arranged to change when the SPT is achieved.
TAKUBO INDUSTRIAL CO., Ltd. The Hiroshima Bank, Ltd. HIROGIN area design Co. Ltd. TAKUBO INDUSTRIAL CO., Ltd. intends to submit a written statement to the Hiroshima Bank regarding the achievement of the SPT. TAKUBO INDUSTRIAL CO., Ltd. intends to announce on Hiroshima Bank's website that this financing is based on a Sustainability Linked Loan. 2022/6/24PDF 5 years 0.2 billion yen Reduction of industrial water consumption at Saijo Plant The interest rate applied during the term of the loan will be determined by the achievement of the following requirements
(1) The borrower must report to the lender in writing on the progress of its initiatives.
(2) The SPT target figures must be achieved.
If (1) is complied with, the spread will remain the same even if (2) is not met. If (1) is complied with and (2) is achieved, the spread is designed to decrease.
TAIYO HOUSE The Chiba Bank, Ltd. Chibagin Research Institute Corporation TAIYO HOUSE will report to the Chiba Bank once a year on (1) the progress of the project and the amount allocated and the unallocated balance, (2) the effects of environmental improvements, and (3) other matters. 2022/6/27PDF 4 years - Percentage of ZEH homes in new housing construction
Target for FY2023 : 65%
Target for FY2024 : 70%
In principle, the progress of SPTs is checked on an annual basis, and a mechanism is set up to lower or raise interest rates depending on the progress of the SPTs.
FURUYA MILK PRODUCTS Co.,Ltd The Chiba Bank, Ltd. Chibagin Research Institute Corporation FURUYA MILK PRODUCTS will report to the Chiba Bank once a year on (1) the progress of the project and the amount allocated and the unallocated balance, (2) the effects of environmental improvements, and (3) other matters. 2022/6/27PDF 5 years - Reduction rate of plastic emissions (per-unit basis) for specific products (compared to FY2016)
SPT1 28.14%, SPT2 28.65% , SPT3 29.15%, SPT4 29.67%, SPT5 30.17%
In principle, the progress of SPTs is checked on an annual basis, and a mechanism is set up to lower or raise interest rates depending on the progress of the SPTs.
&Do Holdings Co., Ltd. Kiraboshi Bank, Ltd. Rating & Investment Information, Inc. &Do Holdings will report annually to Kiraboshi Bank on the status of achievement of SPTs. In addition, it will also disclose its financial results on its website. 2022/6/29PDF - 2 billion yen SPT-1 To achieve 3,840 cumulative purchases in the house leaseback business for the three-year period from FY6/2023 to FY6/2025.
SPT-2 To achieve a balance of 50.6 billion yen in reverse mortgages guaranteed in the fiscal year ending June 30, 2025
Whether or not the SPTs have been achieved is used as the criterion for the interest rate incentives. It is designed to reduce the spread when each of the SPTs is achieved, looking at the status of achievement.
YAMAUCHI Co., Ltd. The Iyo Bank, Ltd. IYOGIN REGIONAL ECONOMY RESEARCH CENTER,INC. YAMAUCHI will consider publicly announcing the progress of the SPTs. In addition, YAMAUCHI will provide Iyo Bank with updated information on the progress of the SPTs. 2022/6/29PDF 10 years 0.35 billion yen Ratio of "female employees," "persons with disabilities," and "elderly employees" among Group employees
(The ratios of female employees, persons with disabilities, and elderly employees will be increased annually, and the ratios will be at least 50%, 2.5%, and 25%, respectively, by the end of March 2032.)
The spread will remain the same even if SPTs are not achieved, but if they are achieved, the spread will narrow.
HEIWA REAL ESTATE CO.,LTD. The Chiba Bank, Ltd. Japan Credit Rating Agency, Ltd. Heiwa Real Estate plans to disclose the performance of KPIs to Chiba Bank after the end of each fiscal year. The SPT performance established under the loan is scheduled to be verified by an external certification body. 2022/6/30PDF - - Reduce GHG emissions (total, Scope 1 and 2) by 50% by FY2030 compared to FY2018 Financial characteristics will change if the SPT is achieved
RICOH LEASING COMPANY, LTD. The Chiba Bank, Ltd.
The Bank of Yokohama,Ltd.
Japan Credit Rating Agency, Ltd. Ricoh Leasing intends to disclose the performance of its KPIs and SPTs periodically after the end of each fiscal year in its annual Integrated Report and on Ricoh Leasing's web page. 2022/6/30PDF - - SPTs 1: To reduce CO2 emissions (Scope 1 and 2) below 773.8 t-CO2 in FY2022, 728.4 t-CO2 in FY2023, 683.0 t-CO2 in FY2024, and 637.6 t-CO2 in FY2025
SPTs 2: Maintain leadership level (A, A-) in CDP climate change score
Financial characteristics will change if the SPT is achieved
Nomura Real Estate Holdings, Inc. Kansai Mirai Bank, Limited Rating & Investment Information, Inc. Once a year, the achievement of SPTs will be checked with the value of the company's fiscal year. Target companies will be asked to submit objective and judicable evidence. 2022/6/30PDF 8 years 1 billion yen Reduction rate of "greenhouse gas emissions The incentive design does not target the interest rate on loans originated under the framework, but rather waives the loan fee for the next origination using the framework on an ongoing basis up to half the amount, taking into account incentives for the target company.
Tokyo Century Corporation MUFG Bank, Ltd. Rating & Investment Information, Inc. ・Tokyo Century will submit a document that can confirm the assumed GHG reduction contribution (cumulative total) under the Bilateral Credit Scheme, the annual paid leave utilization rate, and the male childcare leave utilization rate through the loan agent, Bank of Tokyo-Mitsubishi UFJ, in principle by the reporting deadline of the last day of May of each year. All lenders shall be provided with this information.
・In addition to the above, Tokyo Century will disclose the results of KPIs in its annual Sustainability Data Book and other publications.
2022/6/30PDF - - SPT-1: JCM's estimated cumulative GHG reduction contribution as of the end of December 2023 must be at least 49,000 tons.

SPT-2: The annual paid leave utilization rate for each fiscal year from FY2022 to FY2023 must be at least 70%.

SPT-3: The rate of male employees taking childcare leave must be 100% for each fiscal year from FY2022 to FY2023.
If all SPTs are satisfied on the SPTs satisfaction determination date, the specified preferential interest rate treatment will apply from each interest calculation period falling on or after the SPTs satisfaction determination date.
HIRAKIN
(平林金属)
The Hiroshima Bank, Ltd. HIROGIN area design Co. Ltd. Once a year, HIRAKIN will report to the Hiroshima Bank on the status of achievement of SPTs with the value of the company's fiscal year. In principle, HIRAKIN will conduct an external review by Hirogin Area Design. 2022/6/30PDF 10 years 0.4 billion yen Fluorocarbons recovery and recycling rate Preferential interest rates when SPTs are achieved
YAMATO JYUKEN, INC THE SAN-IN GODO BANK,LTD. Rating & Investment Information, Inc. Once a year, Yamato Jyuken will report to THE SAN-IN GODO BANK on the status of SPTs achievement. 2022/6/30PDF - 0.3 billion yen Percentage of ZEH commissioned
80% in FY2022
80% in FY2023
80% in FY2024
80% in FY2025
Interest rates will be lowered based on the achievement of SPTs.
REFINE HOLDINGS CO., LTD. The Keiyo Bank,Ltd. Rating & Investment Information, Inc. Refine HD will provide the lender with documentation showing the achievement of the SPT in the immediately preceding period by the SPT reporting deadline. In addition, Refine HD will post the information on its website. 2022/7/22PDF - - Amount of material recycling (*3) utilizing separation technology
(*3) Reuse of waste materials as raw materials for the same product
It is designed to review the achievement of the SPT each year and reduce the applicable interest rate if the SPT is achieved.
YAMAZEN CO.,LTD. THE NANTO BANK,LTD. Japan Credit Rating Agency, Ltd. Yamazen will obtain a report on the progress of SPTs from an external evaluation agency on the achievement of SPTs for the relevant fiscal year within eight months of the end of each fiscal year, and disclose the report to the lender. 2022/7/25PDF - 0.15 billion yen Reduce CO2 emissions (Scope 1 and 2) by 42% by 2030 (SBT 1.5°C level) If SPTs are achieved, arrangements are made to change financial characteristics.
AIZAWA Concrete Corporation North Pacific Bank,Ltd.
The 77 Bank, Ltd.
Development Bank of Japan Inc.
Mizuho Bank, Ltd.
Rating & Investment Information, Inc. AIZAWA Concrete Corporation will submit materials to the agent by the SPT reporting deadline that show how the SPT was achieved in the immediately preceding period, and the agent will report to the lenders. In addition, it will post the information on its website. 2022/7/26PDF - 3 billion yen To significantly increase the production of self-healing concrete "Basilisk※2"

※2  the only self-healing concrete technology that the company possesses in Japan, which extends the service life to 100 years, or roughly 1.5 times longer than ordinary quality concrete, thereby extending the life cycle and reducing CO2 emissions.
It is designed to review the achievement of the SPT each year and reduce the applicable interest rate if the SPT is achieved.
TOMISHIN Co.,Ltd. The Juroku Bank, Ltd. Rating & Investment Information, Inc. TOMISHIN Co.,Ltd. will submit documents to Juroku Bank by the SPT reporting deadline, as well as post on TOMISHIN's website regarding the status of SPT achievement in the immediately preceding fiscal year. 2022/7/27PDF - - Reduce greenhouse gas emissions (Scope 1.2) by 50% in FY09/2030 compared to FY09/2021. It is designed to review the achievement of the SPT each year and reduce the applicable interest rate if the SPT is achieved.
SHINSHOWA CORPORATION Resona Bank, Limited.
The Keiyo Bank,Ltd.
Rating & Investment Information, Inc. Report to Resona Bank and The Keiyo Bank,Ltd. on the achievement of the SPT 2022/7/29PDF - 5 billion yen SPT is defined as renewable electricity ratio. Incentives will be designed based on performance evaluation based on reporting results
Ohsho Food Service Corporation Sumitomo Mitsui Trust Bank, Limited., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd.、 MUFG Bank, Ltd. Rating & Investment Information, Inc. Check the progress of KPI every year 2022/7/29PDF 5 years 10 billion yen Reduce the amount of plastic used by the stores by 15% in FY2025 compared to FY2021. Preferential interest rates when SPTs are achieved in FY2025
  • As of August 1, 2022
  • * This database is not screened by the Ministry of the Environment and is compiled based on the labeling declared by issuers and financial institutions.