Execution of Loan with Principal Exemption Clause for Disasters (I-Item Holdings Co., Ltd.)
China Bank has executed a loan with a principal exemption clause for disasters for I-Item Holdings. This strengthens corporate BCP measures and enhances their ability to respond to natural disaster risks.
📋 Article Processing Timeline
- 📰 Published: April 4, 2026 at 00:10
China Bank (Okayama City, President Sadonori Kato) announces that it has executed a "Loan with Principal Exemption Clause for Disasters (*)" for I-Item Holdings Co., Ltd.
## [Overview of the Implementing Company and the Loan with Principal Exemption Clause for Disasters]
* Company Name: I-Item Holdings Co., Ltd.
* Location: 1808-1 Nakatsuhara, Miyukicho, Fukuyama City, Hiroshima Prefecture
* Representative: Takuo Toda
* Industry: Precision Casting Parts Manufacturing
* Loan Amount: 200 million yen
* Execution Date: March 31, 2026
* Earthquake Observation Point: Kasuga, Nishi Ward, Kumamoto
* Comment: Our company was established in 2022 upon the transition of Castem Co., Ltd. to a holding company structure, and we are responsible for the fund management of the Castem Group. The core operating company, Castem Co., Ltd., manufactures casting parts used in various fields, employing advanced casting technologies such as MIM (Metal Injection Molding) and Lost-wax casting. The Castem Group has expanded its business base globally, not only domestically but also overseas. Amidst increasingly sophisticated and diverse market needs such as high quality, low cost, short delivery times, multi-variety, and small-lot production, we are promoting our business activities with the spirit of "One More Step," aiming to evolve from a global company to a sustainable company, while focusing on truly valued contributions to society.
Through our initiatives for BCP measures, we will further strengthen the business continuity of the entire group, contribute to the development of a sustainable society, and fulfill our responsibility as a company that supports "people who make things."
### (*) Regarding the "Loan with Principal Exemption Clause for Disasters"
**Purpose of Funds:** Primarily, operating funds
**Loan Amount:** Determined by the bank's examination
**Loan Period:** Up to 3 years
**Loan Interest Rate:** Bank's prescribed interest rate (fixed or variable)
**Repayment Method:** Lump sum at maturity
**Earthquake Observation Point:** We select a point from those announced by the Japan Meteorological Agency that is relevant to the customer's business, such as head office, branches, or factories.
**Features:**
* This is a loan product with a special clause that exempts 100% or 50% of the principal loan amount in the event of a major earthquake (seismic intensity 6 or higher) at a predetermined observation point.
* It can be utilized as a measure against disaster risk because the exemption of the principal can be received upon the occurrence of an earthquake with a seismic intensity of 6 or higher at the seismic observation point, regardless of whether damage has occurred due to the disaster.
* The exempted portion of the principal loan can be recognized as income (exemption gain), which can help mitigate the financial impact of a major earthquake.
* For specific handling, please consult with your tax advisor, the local tax office, etc.
Chugin Bank
Phone Number: 086-223-3111
Public Relations Center: Okajima (Ext. 2255)
## [Overview of the Implementing Company and the Loan with Principal Exemption Clause for Disasters]
* Company Name: I-Item Holdings Co., Ltd.
* Location: 1808-1 Nakatsuhara, Miyukicho, Fukuyama City, Hiroshima Prefecture
* Representative: Takuo Toda
* Industry: Precision Casting Parts Manufacturing
* Loan Amount: 200 million yen
* Execution Date: March 31, 2026
* Earthquake Observation Point: Kasuga, Nishi Ward, Kumamoto
* Comment: Our company was established in 2022 upon the transition of Castem Co., Ltd. to a holding company structure, and we are responsible for the fund management of the Castem Group. The core operating company, Castem Co., Ltd., manufactures casting parts used in various fields, employing advanced casting technologies such as MIM (Metal Injection Molding) and Lost-wax casting. The Castem Group has expanded its business base globally, not only domestically but also overseas. Amidst increasingly sophisticated and diverse market needs such as high quality, low cost, short delivery times, multi-variety, and small-lot production, we are promoting our business activities with the spirit of "One More Step," aiming to evolve from a global company to a sustainable company, while focusing on truly valued contributions to society.
Through our initiatives for BCP measures, we will further strengthen the business continuity of the entire group, contribute to the development of a sustainable society, and fulfill our responsibility as a company that supports "people who make things."
### (*) Regarding the "Loan with Principal Exemption Clause for Disasters"
**Purpose of Funds:** Primarily, operating funds
**Loan Amount:** Determined by the bank's examination
**Loan Period:** Up to 3 years
**Loan Interest Rate:** Bank's prescribed interest rate (fixed or variable)
**Repayment Method:** Lump sum at maturity
**Earthquake Observation Point:** We select a point from those announced by the Japan Meteorological Agency that is relevant to the customer's business, such as head office, branches, or factories.
**Features:**
* This is a loan product with a special clause that exempts 100% or 50% of the principal loan amount in the event of a major earthquake (seismic intensity 6 or higher) at a predetermined observation point.
* It can be utilized as a measure against disaster risk because the exemption of the principal can be received upon the occurrence of an earthquake with a seismic intensity of 6 or higher at the seismic observation point, regardless of whether damage has occurred due to the disaster.
* The exempted portion of the principal loan can be recognized as income (exemption gain), which can help mitigate the financial impact of a major earthquake.
* For specific handling, please consult with your tax advisor, the local tax office, etc.
Chugin Bank
Phone Number: 086-223-3111
Public Relations Center: Okajima (Ext. 2255)
FAQ
What is the main purpose of this loan?
To support Business Continuity Plans (BCP) by exempting loan principal repayment if a company is affected by a major earthquake or other natural disaster.
What percentage of the principal is exempted?
Depending on the contract, 100% or 50% of the repayment can be exempted.
What kind of companies is this loan suitable for?
It is suitable for manufacturing and other businesses located in high earthquake risk areas that seek to strengthen their BCPs and mitigate financial impacts.