Aomori Startup appcycle Secures Syndicated Loan Funding from Mizuho Bank and Japan Finance Corporation!
appcycle Inc., an Aomori-based startup, secured a syndicated loan from Mizuho Bank and Japan Finance Corporation. The funds will strengthen production for their apple-derived bio-leather, 'RINGO-TEX®'.
📋 Article Processing Timeline
- 📰 Published: April 7, 2026 at 19:10
- 🔍 Collected: April 7, 2026 at 10:30
- 🤖 AI Analyzed: April 20, 2026 at 23:54 (325h 24m after Collected)
"Towards a world where everything circulates" appcycle Inc. (CEO: Kei Fujimaki, Headquarters: Hirosaki City, Aomori Prefecture) is pleased to announce that it has recently procured funds through a syndicated loan from Mizuho Bank, Ltd. and Japan Finance Corporation.
The funds secured through this transaction will be utilized to strengthen the production infrastructure and as working capital for our core product, "RINGO-TEX®," a bio-based leather derived from apples.
## Background and Purpose of Funding
To date, our company has been working to solve food loss problems and reduce environmental impact through "RINGO-TEX®," which effectively utilizes "apple pomace," a regional resource of Aomori Prefecture. Recently, we have received numerous inquiries, primarily from major companies, regarding the transition to eco-friendly materials and B2B collaborations. Furthermore, we are strengthening the production increase system for our recently announced private brand product, "Golden Seed®."
The secured funds will be heavily invested in the following areas:
1. Working capital for increasing production and ensuring a stable supply of "RINGO-TEX®."
2. Strengthening the manufacturing system for B2B and B2C products.
3. Utilization as promotional funds for "RINGO-TEX®" and manufactured products.
## Comment from Mr. Takashi Yamaguchi, Branch Manager, Mizuho Bank Aomori Branch
Mizuho Bank actively supports innovative and startup companies nationwide, providing various forms of support with specialized departments and branches working as one.
We empathized with the corporate philosophy and business model of appcycle Inc., an "impact startup" originating from Aomori, and decided to facilitate this financing.
## Comment from Mr. Toshinobu Itano, Branch Manager and General Manager of SME Business, Japan Finance Corporation Aomori Branch
"RINGO-TEX®," a leather upcycled from the residue left after squeezing apple juice, is a groundbreaking business that contributes to solving challenges in the apple industry and revitalizing the local region. Trading companies evaluating the business's story are expanding, and it has also been adopted for participant prizes at the Aomori National Sports Festival.
We will continue to support the further growth and development of this startup from Aomori.
## Kei Fujimaki, President and CEO of appcycle Inc.
## -Gratitude and Future Aspirations-
We are deeply grateful for the tremendous support we have received from Mizuho Bank, a leading financial institution in Japan, and Japan Finance Corporation, which has driven SME support for many years. It is precisely because of everyone's warm support and assistance that we were able to take this significant step forward. We express our heartfelt gratitude.
We take it very seriously that this financing is not merely securing funds, but the result of an objective evaluation of our business growth potential, financial/governance structure, and future prospects after undergoing rigorous examinations by financial institutions, including a megabank. Through this syndicated loan, we are now able to significantly expand our production system to quickly respond to these rapidly growing market needs and conduct research and development for further quality improvements.
At the core of our activities is always "Aomori." By transforming the challenge of apples carefully grown by the local people, including those in Hirosaki City, being discarded during the processing stage into a new value (asset) called "RINGO-TEX®," we aim to solve food loss issues and revitalize the local economy...
The funds secured through this transaction will be utilized to strengthen the production infrastructure and as working capital for our core product, "RINGO-TEX®," a bio-based leather derived from apples.
## Background and Purpose of Funding
To date, our company has been working to solve food loss problems and reduce environmental impact through "RINGO-TEX®," which effectively utilizes "apple pomace," a regional resource of Aomori Prefecture. Recently, we have received numerous inquiries, primarily from major companies, regarding the transition to eco-friendly materials and B2B collaborations. Furthermore, we are strengthening the production increase system for our recently announced private brand product, "Golden Seed®."
The secured funds will be heavily invested in the following areas:
1. Working capital for increasing production and ensuring a stable supply of "RINGO-TEX®."
2. Strengthening the manufacturing system for B2B and B2C products.
3. Utilization as promotional funds for "RINGO-TEX®" and manufactured products.
## Comment from Mr. Takashi Yamaguchi, Branch Manager, Mizuho Bank Aomori Branch
Mizuho Bank actively supports innovative and startup companies nationwide, providing various forms of support with specialized departments and branches working as one.
We empathized with the corporate philosophy and business model of appcycle Inc., an "impact startup" originating from Aomori, and decided to facilitate this financing.
## Comment from Mr. Toshinobu Itano, Branch Manager and General Manager of SME Business, Japan Finance Corporation Aomori Branch
"RINGO-TEX®," a leather upcycled from the residue left after squeezing apple juice, is a groundbreaking business that contributes to solving challenges in the apple industry and revitalizing the local region. Trading companies evaluating the business's story are expanding, and it has also been adopted for participant prizes at the Aomori National Sports Festival.
We will continue to support the further growth and development of this startup from Aomori.
## Kei Fujimaki, President and CEO of appcycle Inc.
## -Gratitude and Future Aspirations-
We are deeply grateful for the tremendous support we have received from Mizuho Bank, a leading financial institution in Japan, and Japan Finance Corporation, which has driven SME support for many years. It is precisely because of everyone's warm support and assistance that we were able to take this significant step forward. We express our heartfelt gratitude.
We take it very seriously that this financing is not merely securing funds, but the result of an objective evaluation of our business growth potential, financial/governance structure, and future prospects after undergoing rigorous examinations by financial institutions, including a megabank. Through this syndicated loan, we are now able to significantly expand our production system to quickly respond to these rapidly growing market needs and conduct research and development for further quality improvements.
At the core of our activities is always "Aomori." By transforming the challenge of apples carefully grown by the local people, including those in Hirosaki City, being discarded during the processing stage into a new value (asset) called "RINGO-TEX®," we aim to solve food loss issues and revitalize the local economy...