Loan Executed with Special Clause for Principal Exemption in Case of Disaster (Eiwa Densetsu Co., Ltd.)
Chugoku Bank has executed a loan with a special clause for principal exemption in case of disaster for Eiwa Densetsu Co., Ltd. This initiative aims to strengthen business continuity planning in response to natural disasters.
📋 Article Processing Timeline
- 📰 Published: April 4, 2026 at 00:10
- 🔍 Collected: April 3, 2026 at 17:09
- 🤖 AI Analyzed: April 17, 2026 at 11:34 (330h 24m after Collected)
Chugoku Bank (Okayama City, President Sadanori Kato) announces that it has executed a loan with a special clause for principal exemption in case of disaster for Eiwa Densetsu Co., Ltd.
[Outline of the Implementing Company and the Loan with Special Clause for Principal Exemption in Case of Disaster]
- Company Name: Eiwa Densetsu Co., Ltd.
- Location: 1-3-4 Myojincho, Fukuyama City, Hiroshima Prefecture
- Representative: Tomoaki Murakami
- Industry: Electrical Equipment Contracting
- Loan Amount: 100 million yen
- Execution Date: March 31, 2026
- Seismic Observation Point: Nishi-Shinjuku, Shinjuku-ku, Tokyo
- Comment: Since our establishment in 1998, we have been engaged in a wide range of businesses, including indoor wiring for electricity and communication, air conditioning equipment installation such as air conditioners and ventilation fans, and the design, construction, and maintenance of solar power systems and electrical renovations.
We have also been a pioneer in our region in the design and installation of solar power generation facilities and in the solar power generation business. In recent years, considering the frequent occurrence of natural disasters caused by abnormal weather, we aim to further strengthen our business continuity through this BCP measure and contribute to the development of a sustainable society.
Regarding the 'Loan with Special Clause for Principal Exemption in Case of Disaster' (※)
- Purpose of Funds: Primarily operating funds
- Loan Amount: Determined by bank's screening
- Loan Period: Up to 3 years
- Loan Interest Rate: Bank's prescribed interest rate (fixed/variable)
- Repayment Method: Lump sum at maturity
- Seismic Observation Point: From among the seismic observation points announced by the Japan Meteorological Agency, we select points related to the customer's business, such as headquarters, branches, and 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 (Shindo 6-strong or higher) at a predetermined observation point.
- Exemption of the principal can be received due to the occurrence of an earthquake of Shindo 6-strong or higher at the seismic observation point, regardless of whether there is damage due to the disaster. Therefore, it can be utilized as a countermeasure against disaster risk.
- The exempted portion of the principal loan can be recognized as exempt income, which can mitigate the financial impact of a large-scale earthquake.
※For individual handling, please consult with your tax advisor, the relevant tax office, etc.
Chugoku Bank
Phone: 086-223-3111
Public Relations Center Okajima (Extension 2255)
[Outline of the Implementing Company and the Loan with Special Clause for Principal Exemption in Case of Disaster]
- Company Name: Eiwa Densetsu Co., Ltd.
- Location: 1-3-4 Myojincho, Fukuyama City, Hiroshima Prefecture
- Representative: Tomoaki Murakami
- Industry: Electrical Equipment Contracting
- Loan Amount: 100 million yen
- Execution Date: March 31, 2026
- Seismic Observation Point: Nishi-Shinjuku, Shinjuku-ku, Tokyo
- Comment: Since our establishment in 1998, we have been engaged in a wide range of businesses, including indoor wiring for electricity and communication, air conditioning equipment installation such as air conditioners and ventilation fans, and the design, construction, and maintenance of solar power systems and electrical renovations.
We have also been a pioneer in our region in the design and installation of solar power generation facilities and in the solar power generation business. In recent years, considering the frequent occurrence of natural disasters caused by abnormal weather, we aim to further strengthen our business continuity through this BCP measure and contribute to the development of a sustainable society.
Regarding the 'Loan with Special Clause for Principal Exemption in Case of Disaster' (※)
- Purpose of Funds: Primarily operating funds
- Loan Amount: Determined by bank's screening
- Loan Period: Up to 3 years
- Loan Interest Rate: Bank's prescribed interest rate (fixed/variable)
- Repayment Method: Lump sum at maturity
- Seismic Observation Point: From among the seismic observation points announced by the Japan Meteorological Agency, we select points related to the customer's business, such as headquarters, branches, and 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 (Shindo 6-strong or higher) at a predetermined observation point.
- Exemption of the principal can be received due to the occurrence of an earthquake of Shindo 6-strong or higher at the seismic observation point, regardless of whether there is damage due to the disaster. Therefore, it can be utilized as a countermeasure against disaster risk.
- The exempted portion of the principal loan can be recognized as exempt income, which can mitigate the financial impact of a large-scale earthquake.
※For individual handling, please consult with your tax advisor, the relevant tax office, etc.
Chugoku Bank
Phone: 086-223-3111
Public Relations Center Okajima (Extension 2255)
FAQ
What is the main feature of this loan?
It includes a special clause that exempts 100% or 50% of the loan principal in the event of a major earthquake.
Which companies can utilize this loan?
Primarily for operating funds, targeting businesses looking to strengthen their BCP measures.
Is principal exemption automatic?
It is applied when an earthquake of Shindo 6-strong or higher occurs at a predetermined seismic observation point.