Execution of Loan with Principal Exemption Clause for Disasters (I-tem Holdings Co., Ltd.)
Chugoku Bank has provided I-tem Holdings Co., Ltd. with a unique loan that includes a principal exemption clause in the event of a major earthquake. This loan aims to strengthen the company's business continuity plan and mitigate financial risks from natural disasters, allowing for 100% or 50% principal exemption if a seismic intensity of 6-strong or higher is observed at a designated point.
📋 Article Processing Timeline
- 📰 Published: April 4, 2026 at 00:10
- 🔍 Collected: April 3, 2026 at 18:30
- 🤖 AI Analyzed: April 17, 2026 at 12:18 (329h 48m after Collected)
We would like to announce that Chugoku Bank (Okayama City, President: Sadanori Kato) has executed a 'Loan with Principal Exemption Clause for Disasters (*)' for I-tem Holdings Co., Ltd.
【Profile of the Introduced Company and Outline of the Loan with Principal Exemption Clause for Disasters】
・Company Name: I-tem Holdings Co., Ltd.
・Location: 1808-1 Nakatsuhara, Miyuki-cho, Fukuyama City, Hiroshima Prefecture
・Representative: Takuo Toda
・Industry: Manufacturing of precision cast parts
・Loan Amount: 200 million yen
・Execution Date: March 31, 2026
・Seismic Intensity Observation Point: Kasuga, Nishi Ward, Kumamoto
・Comment: Our company was established in 2022 following the transition of CASTEM Co., Ltd. to a holding company structure, and we are responsible for the financial management of the CASTEM Group. CASTEM Co., Ltd., the core operating company, manufactures cast 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 not only domestically but also overseas, broadening its global business base. As market needs for high quality, low cost, short delivery times, diverse products, and small lots become increasingly sophisticated and diversified, we are promoting business activities with the spirit of 'another half step' enshrined in our company motto, aiming to evolve from a global company to a sustainable company while envisioning values truly sought by society.
Through this initiative for BCP (Business Continuity Plan) 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'.
(*) About the 'Loan with Principal Exemption Clause for Disasters'
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Purpose of funds |
Generally, working capital |
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Loan amount |
Determined by our bank's screening |
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Loan period |
Maximum 3 years |
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Loan interest rate |
Our bank's prescribed interest rate (fixed interest rate / variable interest rate) |
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Repayment method |
Lump-sum repayment on due date |
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Seismic intensity observation point |
A point related to the customer's business, such as headquarters, branches, or factories, is selected from the seismic intensity observation points published by the Japan Meteorological Agency. |
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Features |
・This loan product includes a special clause that exempts 100% or 50% of the loan principal repayment if a major earthquake (seismic intensity 6-strong or higher) occurs at a predetermined observation point. ・Regardless of whether damage has occurred due to the disaster, the principal can be exempted if an earthquake with seismic intensity 6-strong or higher occurs at the seismic intensity observation point, making it usable as a measure against earthquake risks. ・The exempted portion of the loan principal can be recorded as an exemption profit, thereby mitigating the financial impact caused by a major earthquake. * For individual handling, please consult a tax accountant, the competent tax office, etc. |
Chugoku Bank, Ltd.
Phone: 086-223-3111
Public Relations Center: Okajima (ext. 2255)