Execution of Loan with Special Clause for Principal Exemption in the Event of an Earthquake (Yutaka Denso Kogyo Co., Ltd.)
Chugoku Bank provided a 100 million yen loan to Yutaka Denso Kogyo with a special clause that exempts principal repayment if a major earthquake (seismic intensity 6 upper or higher) occurs, supporting the company's BCP efforts.
📋 Article Processing Timeline
- 📰 Published: April 4, 2026 at 00:10
- 🔍 Collected: April 3, 2026 at 17:10
- 🤖 AI Analyzed: April 21, 2026 at 03:22 (418h 12m after Collected)
The Chugoku Bank, Ltd. (Okayama City, President: Sadanori Kato) announces that it has executed a 'Loan with a Special Clause for Principal Exemption in the Event of an Earthquake (*)' to Yutaka Denso Kogyo Co., Ltd.
## [Overview of the Implementing Company and the Loan with Special Clause]
・Company Name: Yutaka Denso Kogyo Co., Ltd.
・Location: 870-1 Yoshimitsu, Konan-cho, Takamatsu City, Kagawa Prefecture
・Representative: Kazuyoshi Bando
・Industry: Wire harness manufacturing
・Loan Amount: 100 million yen
・Execution Date: March 31, 2026
・Seismic Observation Point: Takamatsu Airport
・Comment: Through the manufacturing of wire harnesses and electrical components, we have responded to the needs of customers in various fields. Today, our products are used in a wide range of applications.
With this BCP countermeasure initiative, we will further strengthen our production and supply systems, creating an environment where our customers can use our products with even greater peace of mind than before.
We will continue to work closely with our customers, providing valuable products and striving to build long-term relationships of trust.
### (*) About the 'Loan with Special Clause for Principal Exemption in the Event of an Earthquake'
- Purpose of Funds: Generally, working capital
- Loan Amount: Determined by bank assessment
- Loan Period: Up to 3 years
- Loan Interest Rate: Bank's prescribed rate (fixed/variable)
- Repayment Method: Lump-sum repayment at maturity
- Seismic Observation Point: Customers select a point relevant to their business (headquarters, branch, factory, etc.) from the seismic observation points published by the Japan Meteorological Agency.
- Features:
- This is a loan product with a special clause that exempts the repayment of 100% or 50% of the borrowed principal if a large-scale earthquake (seismic intensity 6 upper or higher) occurs at a predetermined observation point.
- Regardless of the presence or absence of damage caused by the disaster, principal exemption can be received due to the occurrence of an earthquake of intensity 6 upper or higher at the observation point, serving as a measure against earthquake risks.
## [Overview of the Implementing Company and the Loan with Special Clause]
・Company Name: Yutaka Denso Kogyo Co., Ltd.
・Location: 870-1 Yoshimitsu, Konan-cho, Takamatsu City, Kagawa Prefecture
・Representative: Kazuyoshi Bando
・Industry: Wire harness manufacturing
・Loan Amount: 100 million yen
・Execution Date: March 31, 2026
・Seismic Observation Point: Takamatsu Airport
・Comment: Through the manufacturing of wire harnesses and electrical components, we have responded to the needs of customers in various fields. Today, our products are used in a wide range of applications.
With this BCP countermeasure initiative, we will further strengthen our production and supply systems, creating an environment where our customers can use our products with even greater peace of mind than before.
We will continue to work closely with our customers, providing valuable products and striving to build long-term relationships of trust.
### (*) About the 'Loan with Special Clause for Principal Exemption in the Event of an Earthquake'
- Purpose of Funds: Generally, working capital
- Loan Amount: Determined by bank assessment
- Loan Period: Up to 3 years
- Loan Interest Rate: Bank's prescribed rate (fixed/variable)
- Repayment Method: Lump-sum repayment at maturity
- Seismic Observation Point: Customers select a point relevant to their business (headquarters, branch, factory, etc.) from the seismic observation points published by the Japan Meteorological Agency.
- Features:
- This is a loan product with a special clause that exempts the repayment of 100% or 50% of the borrowed principal if a large-scale earthquake (seismic intensity 6 upper or higher) occurs at a predetermined observation point.
- Regardless of the presence or absence of damage caused by the disaster, principal exemption can be received due to the occurrence of an earthquake of intensity 6 upper or higher at the observation point, serving as a measure against earthquake risks.