Execution of Loan with Disaster Principal Forgiveness Clause (Yutaka Densou Kogyo Co., Ltd.)

Chugin Bank (Okayama City, President Sadaharu Kato) hereby announces that it has executed a "Loan with Principal Forgiveness Clause for Disasters (*)" for Yutaka Densou Kogyo Co., Ltd.

[Overview of the Implementing Company and the Loan with Principal Forgiveness Clause for Disasters]

- Company Name: Yutaka Densou Kogyo Co., Ltd.

- Location: 870-1 Yoshimitsu, Konan-cho, Takamatsu City, Kagawa Prefecture

- Representative: Kazuyoshi Bando

- Industry: Wire harness manufacturing industry

- Loan Amount: 100 million yen

- Execution Date: March 31, 2026

- Seismic Observation Point: Takamatsu Airport

- Comment: We have been meeting the needs of customers in various fields through the manufacturing of wire harnesses and electrical components. Our products are currently utilized in a wide range of applications.

Through our efforts in Business Continuity Plan (BCP) measures this time, we aim to further strengthen our production and supply systems, and create an environment where customers can use our products with even greater peace of mind than before.

Moving forward, we will continue to provide valuable products while staying close to our customers and strive to build long-term, trusted relationships.

(*) About the "Loan with Principal Forgiveness Clause for Disasters"

Use of Funds

Primarily, working capital

Loan Amount

Determined by our bank's screening

Loan Term

Up to 3 years

Loan Interest Rate

Our bank's prescribed interest rate (fixed or variable)

Repayment Method

Lump sum at maturity

Seismic Observation Point

From the seismic observation points announced by the Japan Meteorological Agency, select points relevant to the customer's business, such as headquarters, branches, or factories.

Features

- This is a loan product with a special clause that waives 100% or 50% of the principal if a major earthquake (seismic intensity 6 or higher) occurs at a predetermined observation point.

- Regardless of whether damage has occurred due to the disaster, principal can be waived upon occurrence of an earthquake with seismic intensity 6 or higher at the designated observation point, making it useful as a measure against disaster risk.

- The waived portion of the principal loan can be recognized as income (waiver income), thereby mitigating the financial impact of a large-scale earthquake.

*For individual handling, please consult with your tax advisor, the relevant tax office, etc.

The Chugoku Bank, Ltd.

Phone: 086-223-3111 Public Relations Center, Okajima (Ext. 2255)