H4 H1 JBIC Annual Report 2015 Annual Report JBIC 2015 Annual Report reen ties. r. H3 Access to JBIC Head O ce and West Japan O ce JBIC 2015 1 Pro le of JBIC 1 JBIC Head O ce West Japan O ce 1. Pro le 2 4-1, Ohtemachi 1-chome, Chiyoda-ku, 3-5, Sonezaki 2-chome, Kita-ku, Osaka city, Japan Bank for 2. Interview with the Governor, CEO 4 Tokyo 100-8144, Japan Osaka 530-0057, Japan International 3. Directors, Managing Executive O cers and 8 1 Cooperation Corporate Auditors Annual Report Hitotsubashi- Nishikicho- 4. JBIC’s Medium-Term Business Plan 10gashi gashi Hitotsubashi- Nishikicho- gashi gashi Umeda sta. (FY2015—2017) Umeda sta. Hitotsubashi Midosuji Line 5. Outline of Operations in FY2014 13 Ramp Hitotsubashi Midosuji Line Ramp Pro le Hankyuof JBIC Department Hankyu KKR JR Osaka sta. Hirakawa- Metropolitan Expressway KKR Store Sonezaki-Higashi Department Marubeni JBIC JR Osaka sta. Store mon Corp. Hirakawa- Marubeni Metropolitan Expressway Hankyu-mae Sonezaki-Higashi 19 mon JBIC Hankyu-mae The Environment Surrounding JBIC and 3b Exit KandabashiCorp. 3b Exit Daimaru 2 Takebashi sta. Kandabashi Sonezaki Police StationDaimaru Japan Hanshin-mae Takebashi sta. Sonezaki Police Station Its Challenges Meteorological Japan Osaka ekimae Hanshin-mae Agency Meteorological Hanshin Umeda sta. Osaka ekimae Hanshin Hanshin Umeda sta. 1. Energy and Natural Resources Finance Group 20 Agency 1. Pro le 2 Chuo-Yubinkyoku-mae Department Store Hanshin Tokyo Regional Department Store Osaka ekimae-Minami (UMESHINChuo-Yubinkyoku-mae DAI-ICHI SEIMEI BUILDING 10F) Tokyo Regional Higashi-Umeda sta. 2. Infrastructure and Environment Finance Group 24 Kishocho- Taxation Bureau Kandabashi Osaka ekimae-Minami (UMESHIN DAI-ICHI SEIMEI BUILDING 10F) Taxation Bureau Higashi-Umeda sta. mae Ramp Kishocho- Kandabashi Exit 7 (H82)* 3. Industry Finance Group 28 mae Ramp sta. Nishi-Umeda Osaka Exit 7 (H82)* Tokyo Fire Keidanren Marubiru Umeda sta. Nishi-Umeda Osaka Defense Agency Nikkei JA Kaikan Tokyo Fire Keidanren Ekimae Exit 8 OS Hotel Marubiru Umeda Inc. Nikkei 2. Interview with the Governor, CEO 4 Ekimae Building No. 4 Shin-Midosuji Building Defense Agency JA Kaikan (F54)* Tsuyuten Exit 8 OS Hotel Inc. Hilton Building No. 4 Shin-Midosuji Building (F54)* Osaka Shrine (OhatsuHilton Tsuyuten C2b Exit Tenjin ShrinOsakae) Shrine (Ohatsu Examples of Business Outcomes in FY2014 33 C2b Exit Tenjin Shrine) KDDI Umeda 1 Umeda 1 Higashi 3 Mitsui & Corp. KDDI Umeda 1 Umeda 1 Higashi 1. Overview of Business Outcomes by Region 34 Corp. Ekimae Ekimae Ekimae Co., Ltd. Mitsui & 3. Directors, Managing Executive O cers and F-82 8 Co., Ltd. Building No. 1 Building No. 2 Building No. 3 Ekimae Ekimae Ekimae Exit Building No. 1 Building No. 2 Building No. 3 F-82 2. Examples of Business Outcomes by Region 36 7B Exit Umeshin-Higashi Exit C5 Exit Corporate Auditors Kitashinchi Sta. 7B Exit Umeshin-Higashi Route 1Kitashinchi Sta. Imperial Palace Otemachi sta. C5 Exit Sakurabashi Umedashinmichi 3. Examples of Business Outcomes Relating to 5 1 Imperial Palace Yotsubashisuji Route 1 Otemachi sta. F-92 Exit Midosuji Sakurabashi Umedashinmichi Yotsubashisuji Support for SMEs F-92 Exit Midosuji 4. Examples of Business Outcomes Relating 55 4. JBIC’s Medium-Term* BusinessFrom the Umeda UndergroundPlan (FY2015–2017) shopping mall. 10 to Environment * From the Umeda Underground shopping mall. 5. Examples of Business Outcomes Relating to 57 Numerical gures in this report Studies, and Collaboration with Overseas Governmental 1. Numerical figures, other than percentages, in 5. Outline of Operations in FY2014 13 Organizations and International Organizations this report are truncated to the nearest whole number. (Figures prior to FY2008 were rounded off.) Percentage figures are rounded off. Thus numerical and percentage figures Financial Instruments 59 may not add up to the totals given. Amounts 4 denominated in foreign currencies are treated 1. Financial Instruments 60 as follows. Commitments are converted into yen at the Basic Rate of Exchange (revised 2. Prominent Initiatives in Recent Years 71 semi-annually by the Minister of Finance, based 3. Framework for Supporting Globalization 72 on the prevailing market rates during the preceding six months) at the time financing E orts of SMEs contracts are concluded. Disbursements, repayments, and outstanding balances are calculated based on book value. Operational and Administrative Policies 75 2. Numerical gures less than the speci ed units 5 are denoted by “0”; “—” denotes that data is 1. Corporate Governance 76 not available. 3. Until FY1998, the data of the Export-Import 2. Risk Management 80 Bank of Japan (JEXIM) was used. Data in FY1999 is the sum of the data from JEXIM in 3. Public Information and Disclosure 83 the first half and that from the International Financial Account of the then-JBIC in the JBIC Head O ce second half. From FY2000 to FY2007, data Data1 85 4-1, Ohtemachi 1-chome, Chiyoda-ku, came from the International Financial Account Statistics of the then-JBIC. Data for FY2008 is the sum Tokyo 100-8144, Japan of the data from the International Financial For further information, please contact Account of then-JBIC in the rst half and the Data2 Financial Statements 101 Press and External A airs Division at the JBIC Head O ce data from the Account for JBIC operations under the Japan Finance Corporation in the Tel: (+81-3) 5218-3100 second half. From FY2009 to FY2011, data Fax: (+81-3) 5218-3955 came from the Account for JBIC operations Data3 155 Corporate Data Annual reports, news releases and bulletins, etc. are under the Japan Finance Corporation. Data for FY2012 and after is that of the Japan Bank for available on the JBIC website. International Cooperation. Website (URL) http://www.jbic.go.jp/en/ JBIC Annual Report 2015 1 1 Profi le of JBIC 1. Profi le 2 2. Interview with the Governor, CEO 4 3. Directors, Managing Executive Offi cers and 8 Corporate Auditors 4. JBIC’s Medium-Term Business Plan (FY2015–2017) 10 5. Outline of Operations in FY2014 13 JBIC Annual Report 2015 1 1. Prole 1 The Purpose of JBIC Pro le of JBIC of Pro le JBIC is a policy-based financial institution wholly owned by the Japanese government, which has the objective of contributing to the sound development of Japan and the international economy and society, by conducting nancial operation in the following four fields: ● Promoting the overseas development and securement of resources which are important for Japan ● Maintaining and improving the international competitiveness of Japanese industries ● Promoting the overseas business having the purpose of preserving the global environment, such as preventing global warming ● Preventing disruptions to international nancial order or taking appropriate measures with respect to damages caused by such disruption 1. Pro le 1. Corporate Slogan Corporate Philosophy The objective of JBIC, as set forth in its statutory law, is to “contribute to the sound development of Japan and the international economy and society” by executing a variety of nancial functions. To pursue this objective, we have set out the following corporate philosophy, which espouses three core values: “Hands-on Policy,” “Customer-1st Approach” and “Forward- looking Action.” Positioned at the crossroads of global business opportunities, JBIC is opening new venues to the future for the Japanese and global economy. Hands-on Policy: Pioneering new value by participating at the forefront of overseas project development, and by engaging proactively in projects from the early stages Customer-1st Approach: Oering customers one-of-a-kind solutions by adopting their perspectives and integrating their views into policy development Forward-looking Action: Contributing to the sustainable development of Japan and the world as a whole by deploying highly professional skills, with a view to realizing a secure and auent future society Operational Principles JBIC, as a policy-based nancial institution and in accordance with the following principles, conducts speedy and well-focused operations based on policy needs in response to economic and nancial situations in Japan and abroad. 1. Supplementing the nancial transactions implemented by private-sector nancial institutions To effectively perform the functions required for policy-based financing, JBIC shall take account of situations where private-sector nancial institutions are placed in their international nance activities and supplement their operations. 2. Ensuring nancial soundness and certainty of repayment Pursuant to the JBIC Act, JBIC shall make eorts to maintain the nancial soundness of its operations, and when making nancial decisions, to conduct adequate screening regarding the outlook for the recovery of funds. 3. Maintaining and improving international creditworthiness and condence In order to conduct adequate operations and eective overseas funding operations, JBIC shall maintain and improve the international creditworthiness and con dence gained by JBIC over the years. 4. Conducting business operations by drawing on its expertise and initiatives JBIC shall conduct operations by drawing on its own expertise and initiatives on international nance. 2 JBIC Annual Report 2015 1. Prole 1 The Purpose of JBIC JBIC Code of Conduct 1 Pro JBIC le of Pro Pro le of JBIC of Pro le JBIC is a policy-based financial institution wholly owned by the Japanese government, which has the objective of contributing to ● Act consistently in the public interest. Contribute to Japan and the international community by pursuing our Mission. the sound development of Japan and the international economy and society, by conducting nancial operation in the following ● Prioritize client satisfaction. Deliberate, decide and act from the client's perspective. four fields: ● Accept responsibility as a professional. Perform every task based on your own initiative. ● Undertake challenges daringly. Create new value without fear of failure. ● Promoting the overseas development and securement of resources which are important for Japan ● Work quickly and cost-e­ ectively. Enhance your work quality with an eye to e ciency.