Corporate Guide

CORPORATE GUIDECONTENTS
Overview of The Okinawa
Development Finance Corporation

Additional Materials

Proﬁle02

History

20

Overview of Operations

03

Organization21

Branches

22

Outline of Loans and Investment Systems
Types of Funds

06

Industrial Development Loans

07

Small and Medium-sized Enterprise（SME）Loans

08

Micro Business Loans

09

Environmental Health Business Loans

10

Medical Service Loans

11

Primary Sector Loans（Agriculture, Forestry, Fisheries）

12

Housing Loans

13

Investments

14

Investments for the Creation of
New Businesses

15

The Okinawa Development
Finance Corporation Unique Funding Systems

16

Io-Torishima Island

Okinawa Islands

Iheya Island

Izena Island
Aguni Island

Senkaku Islands
Kuba Island

Ie Island

Kume Island

Okinawa
Main Island

Kerama Islands

Taisho Island

Kitadaito Island
Uotsuri Island
Minamidaito Island

Irabu Island

Sakishima Islands
Yonaguni Island
Iriomote Island

Yaeyama Islands

Tarama Island
Ishigaki Island

Taketomi Island
Hateruma Island

Daito Islands
Miyako Island

Miyako Islands
Okidaito Island

Sapporo ●●Beijing ●Pyongyang

Seoul ●●

Tokyo

Fukuoka ●●Fuzhou●Shanghai

Okinawa

1,000km2,000km3,000kmTaipei●Hong Kong ●Manila ●Overview of The Okinawa
Development
Finance Corporation
Proﬁle ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 02
Overview of Operations ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 03

01

Prof ile

Proﬁle of The Okinawa
Development Finance Corporation
The Okinawa Development Finance Corporation（ODFC）is a
government-aﬃliated ﬁnancial institution that provides
policy-based ﬁnance in a centralized and comprehensive
manner.

1. Establishment

2. Purpose

On May 15, 1972, when Okinawa was returned to Japan, the ODFC
w a s e s t a b l i s h e d u n d e r “ t h e O k i n aw a D e ve l o p m e nt F i n a n c e
Corporation Law”with the purpose of providing policy-based ﬁnancein Okinawa in a centralized and comprehensive manner.

For t he pur pose of promoting t he development of indust r ies in
Okinawa, the ODFC provides long-term funds to complement or
encourage pr ivate ﬁ na ncia l inst it ut ions’ﬁ na ncing a nd pr ivate
investment. In addition, the ODFC is intended to contribute to thepromotion of the economy and society of Okinawa by providing funds
to Okinawan people to whom funds are not adequately supplied byprivate ﬁnancial institutions, including persons who need housing,those who are engaged in agriculture, forestry, or ﬁsheries, those who
manage medium and small-sized companies, those who plan toestablish a hospital or other medical facilities, environmental healthrelated business operators, etc.
［Okinawa Development Finance Corporation Law（Act No.31 of May 13, 1972）Article 1］

3. Capital

75.8 billion yen（as of Mar. 31, 2015）
The ODFC is wholly owned by the Japanese Government.

4. Number of
Directors andEmployees

Director : 5, Employee : 211（budgetary ﬁxed number for FY2015）

5. Number ofBranches

6 branches

6. Agencies

11 ﬁnancial institutions, 255 locations（as of Mar. 31, 2015）
Chief Director

7. Directors

8. Amount of
Investment andOutstanding Loans

02

Masanori Fukuyama

Deputy Director

Tadaaki Udo

Director

Masayasu Kawai

Director

Tadaaki Gushiken

Director

Yoshihisa Kawakami

Auditor（part-time auditor）

Masaaki Takezawa

821.2 billion yen（as of Mar. 31, 2015）（as of Dec. 31, 2015）

Overview of Operations
Community-based Comprehensive Finance Corporation（1）Loan programs

Providing industrial development loans, small and medium-sized enterprise loans, microbusiness loans, educational loans, pension-secured loans, housing loans, primary sectorloans（agriculture, forestry, ﬁsheries）, medical service loans, and environmental healthbusiness loans.

（2）Acquisition of
corporate bonds

Acquiring corporate bonds issued to raise long-term funds needed for businesses that
contribute to the promotion and development of industries in Okinawa or needed topromote the business of small and medium ‒sized enterprises operating in Okinawa.

（3）Guarantee of
liabilities

Guarantee of debts for long-term funds needed for businesses that contribute to thepromotion and development of industries in Okinawa.

（4）Assignment ofclaimsAcquiring loan claims for long-term funds needed for businesses that contribute to thepromotion and development of industries in Okinawa.

（5）Investments

I nve s t i n g fu n d s n e e d e d fo r b u s i n e s s e s t ha t c o n t r i b u te to t h e p ro m ot i o n a n ddevelopment of industries in Okinawa.

（6）Investments forthe creation of
new businesses

Investing funds needed for businesses that promote the creation of new business in
Okinawa and contribute to the promotion of industries in Okinawa.

（7）Debt equity swap

Swapping loans held by an enterprise that is distressed but could be revitalized forequities（DES）（ limited to loans for small and medium - sized enterprises , microbusinesses, agriculture, forestry and ﬁsheries, environmental health）.

（8）Agency services

Being entrusted with the securitization support business of the Japan Housing FinanceAgency, the review and collection business of the Organization for Workers’ Retirement
Allowance Mutual Aid, and the loan claim management and collection business of theformer Government Pension Investment Fund in the Welfare and Medical Service Agency.

Proﬁle of The Okinawa
Development Finance Corporation

As a region-speciﬁc comprehensive policy-based ﬁnancial institution, the ODFC oﬀers services equivalent to the services
provided by the Japan Finance Corporation, the Japan Housing Finance Agency, and the Welfare and Medical Service
Agency（excluding social welfare loans）on the mainland, as well as a unique system that responds to regional politicalissues, investment for regional development or business revitalization, and venture investment in an integrated fashion.

▼ Loan programs of the ODFC

Okinawa Mainland

Okinawa Development Finance Corporation
Industrial
development
loans

・ Micro business loans
・ Educational loans
・ Pension-secured loans

Small and medium-sizedenterprise loans

Primary sector loans（agriculture, forestry, ﬁsheries）

Environmental
health business
loans

Small and medium
enterprise（SME）unit
Micro businessand individual unit

Housingloans

Agriculture,
forestry,ﬁsheries and foodbusiness unit

Japan Finance Corporation

Medicalservice loans

Japan Housing
Finance Agency

Welfare andMedical Service
Agency03

Outline of Loans
and Investment Systems

Types of Funds・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・06
Industrial Development Loans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・07
Small and Medium-sized Enterprise（SME）Loans・・・・・・・・08
Micro Business Loans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・09
Environmental Health Business Loans・・・・・・・・・・・・・・・・・・・・・・・・・・10
Medical Service Loans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・11
Primary Sector Loans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・12（Agriculture, Forestry, Fisheries）
Housing Loans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・13
Investments・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・14
Investments for the Creation of New Businesses・・・・・・・・・・・・15
The Okinawa Development
Finance Corporation Unique Funding Systems・・・・・・・・・・・・・・・1605

Types of Funds○ Loans and Investment for Business Operators（ As of April 2015 ）Name of Loan/Fund

Eligibility

Uses of Loan/Fund

Industrial
development loans

Companies, etc. that run businesses that contribute to thedevelopment of industry in Okinawa

Equipment funds, etc.

The following small- to mid-size businesses

Small andmedium-sizedenterprise loans（Capital）（No. of employees）

Building industry,
manufacturing industry,transportation industry, etc.

300 million
yen or lessor

300 employees
or less

Wholesale trade

100 million
yen or lessor

100 employees
or less

Retail trade, restaurants

50 million
yen or lessor

50 employees
or less

Service industry

50 million
yen or lessor

100 employees
or less

Micro business loans

Persons running an independent business with an address
in Okinawa and have an appropriate business plan
concerning operations in Okinawa in place

Environmental
health business
loansLife hygiene related businesses, including restaurants, cafes,
processed meat sales businesses, processed chicken meatsales businesses, ice sales businesses, hair salon business,beauty salon businesses, hotel businesses, bathhousebusinesses, and cleaning businesses

Medical service loans

Individuals or medical institutions, etc. establishinghospitals, long-term care health facilities, medical clinics, ortraining facilities for healthcare practitioners, etc.

Primary sector loans

Persons operating agriculture (including stockbreeding),
forestry or ﬁshery businesses（agriculture, forestry, ﬁsheries）

Persons operating businesses involved in the processing,transport, or sale of agriculture, forestry, livestock, andmarine produce

Support fund system
for startups

Persons starting new business ventures（or have justrecently started such a venture）, or persons operating
businesses that have introduced new technology, etc.

Investment funds

Persons that run businesses that contribute to thedevelopment of industry in Okinawa through the servicing
and upgrading of transport/logistics infrastructure, andtelecommunications infrastructure, and through urban
renewalInvestments for thecreation of
new businesses

Persons starting a new business, persons for which ﬁve
years has not passed since the start of their business, andpersons opening new business ﬁelds

Equipment funds
Long-term working capital

Equipment funds
Working capital

Equipment funds
Working capital

Equipment funds
Working capital

Equipment funds
Working capital

Equipment funds
Working capitalFunds required forbusiness operation

Funds required forbusiness operation○ Financing for Persons Acquiring/Leasing Housing
Name of Loan

Housing loans

Eligibility

Persons involved in the construction of rental
housing/condominiums, etc.
Persons involved in the construction of individual housing,or purchasing said housing, and persons renovating housing

Uses of Loan

Funds required for
housing construction,etc.

○ Financing for Persons Requiring Educational Funding, etc.
Name of Loan

06

Eligibility

Uses of Loan

Educational loans

Parents and guardians of persons entering, or enrolled inhigh school, university, etc.（The subject person him/herself
may also use said funds under certain circumstances）

Funds required toenter or attend school

Pension-secured
loans

Persons receiving pension, mutual aid pension, etc.
payments

Business fund,consumption fundIndustrial Development Loans
Role of the Industrial Development Loans
The industrial development loans is a ﬁnancing system unique to The Okinawa Development Finance Corporation thathas been established in response to matters of policy concerning the Okinawan region.
Its role in community development ﬁnancing is to coordinate and direct projects to fruition which involve the maintenanceand development of urban infrastructure, transportation infrastructure, information network, and distribution facility
ventures vital for new development in the region, even in instances where there is a high investment risk, or requiring ahigh initial investment and where investment returns will take an extended period of time.
Further, this fund is also tasked to provide a stable supply of industry funding for businesses that require a high level offunding for new and extended facility development, and repairs and maintenance, such as the energy, tourism, transportand manufacturing industries, and other main pillars of industry in the region.

Expectations for the Industrial Development Loans

As various Okinawa development promotion measures are advanced and detailed for the building and development of aself-suﬃcient economy led by the private sector, the industrial development loans serves to support a wide range of
projects by funding private corporations and third sector businesses. Above all else, the development of the remaining
military station scheduled for large-scale restoration is a major issue relating to the development and promotion of
Okinawa, and this fund is expected to serve a major role in this area.
An additional function that the industrial development loans is expected to serve is the application of funds used toestablish a low carbon/recycling-oriented society, and in promoted strategic ﬁelds, such as project initiatives targeting
growing Asian markets, and the formation of knowledge and industry clusters ‒ all of which is intended to further draw
upon the characteristics of the Okinawan region.

Financing Example ①● Businessoverview

This company is a speciﬁc purpose company
established in 2012. It owns and leases an urban-type
resort hotel in the Chatan-cho ﬁsh arena district.

● Loan details

The Okinawa Development Finance Corporation
provided a project ﬁnancing loan to cover theconstruction costs of the resort hotel, “Hilton Okinawa
Chatan Resort”（Chatan-cho, Okinawa）● Eﬀect of loan

This project contributes to promoting the local
economy of Okinawa by not only helping promote
Okinawa’s tourism industry and the area surrounding
the ﬁsh arena district, but also by creating asigniﬁcant amount of employment opportunities in
Okinawa.

Chatan-cho

Outline of Loans and Investment Systems

Financing for the construction of the“Hilton Okinawa Chatan Resort”
Chatan Hotel Resort Speciﬁc Purpose Company

Financing Example ②

Financing for the construction of the Okinawa IT Shinryo Park enterprise
cluster facility（Private IT facilities） JAG Energy Co., Ltd.

Uruma City

● Businessoverview

This company was originally founded in 1947 and waslater split oﬀ as a separate company in 2008 as abusiness involved in real estate leasing, etc. Recently
it has expanded its operations to cover energy saving
and energy storage, etc. solution services using
renewable energy, with a primary focus on solar
power generation.

● Loan details

The Okinawa Development Finance Corporation
provided ﬁnancing to cover the costs for theconstruction of a building to be used as Building 3 in
the Okinawa IT Shinryo Park enterprise cluster facility（Private IT facilities）established in Uruma City.

● Eﬀect of loan

These facilities are leased out by the company via Okinawa Prefecture to IT business operators, and serveas an important site for the promotion of telecommunications-related industries in Okinawa, contributing
to the emergence of business operators, and the expansion and advancement of their business
operations. Further, the building uses solar power panels and introduces other environmentally-friendly
measures.

07

（SME）Loans
Small and Medium-sized Enterprise
Supporting the Growth and Development of SMEs
Most businesses in Okinawa are SMEs, which serve as a basis for a large amount of employment in the region, and as afoundation for the regional economy itself. As the economic environment continues to undergo massive change, these SMEs
will be of vital importance in revitalizing the regional economy by drawing upon their inherent mobility and creativity towork towards new product development and providing new services.
SME loans support these SMEs in approaching such environmental changes in a positive manner through the developmentof new businesses, implementation of management reforms and promotion of increased IT use as part of national andprefectural SME policies introduced to help such companies grow and develop, and to strengthen their businessfoundations.
The loans also work to leverage safety net functions, such as by providing ﬁnancing support in response to suddenchanges in the business environment due to the worsening of the economic or ﬁnancial environment.

Provision of Stable Long-Term Funding
Precise and timely capital investments and continued eﬀorts to shore up the ﬁnancial structure of SMEs are required forsuch companies to maintain stable business operations and to grow and develop further. The SME loans respond to sucha need for ﬁnancial backing of SMEs by providing low interest, stable long-term loans that funds new capital investments
and equipment replacement investments, and long-term working capital funding. In addition to this, the loans also cover
the acquisition of corporate bonds newly issued by SMEs to procure long-term funding.

Financing
Example①

Naha Kouzai Co., Ltd.
Tomigusuku City

● Businessoverview

This company was founded as a construction
materials wholesaler in 1971, and has since rolled out
its business supporting the construction industry in allareas of Okinawa through leasing temporary
heavyweight materials, temporary lightweightmaterials, and safety and security products, with afocus on the sale of reinforcing bars, steel materials,
and iron goods.

● Loan details

ODFC provided the funding for the construction of
the “Yaese Materials Center,” which concentrates thecompany’s storage yard functions held in thesouthern part of Naha onto the one location.

● Eﬀect of loan

The “Yaese Materials Center” is a materials center thatboasts a level of scale and functions that is seen in
few other sites across Japan, consolidating
heavyweight temporary materials used to construction, and lightweight temporary materials such asprefabricated scaﬀolding, etc. into the one large site. Moves to mechanize the maintenance of temporary
construction machinery and materials and develop transportation facilities on the site have made it possible tointroduce a one-stop service for temporary materials leases.

Financing
Example②

08

Development of a one-stop service
for temporary materials through the openingof a large-scale machinery materials center

Contributing to the developmentof isolated islands through freighter construction● Businessoverview

This company is a shipping agent founded in 1963
that not only transports freight from Naha to Miyako
and Ishigaki, but operates shipping routes to China
and Taiwan as well.

● Loan details

ODFC provided the funding for the construction of afreighter.

● Eﬀect of loan

The construction of this freighter has contributed
greatly to strengthening distribution to isolatedislands, with the increases in the capacity of freightsupported eliminating issues with the shipment ofsummer fruits on isolated islands, and goods to be
moved being left behind during the end of the ﬁscal
year season. It is also hoped that the businessexpansion opening up shipping routes to China andTaiwan will greatly contribute to the roll-out of
Okinawan products in overseas markets.

Nansei Kaiun Co., Ltd.
Naha City

Micro Business Loans
Supporting the Stability and Growth of the Operation of Small Businesses
Micro business loans provide small equipment funds and working capital required to stabilize business operations;a service used primarily by small businesses.
It is also used by new business operators and operators of recently founded businesses, who ﬁnd it diﬃcult to obtain loans
from normal ﬁnancial institutions because of their lack of business records or experience.

As Funding That Is Easier to Use;
Micro business loans have established a special non-collateral loan system and a new start-up loan program for borrowers
who don't want to provide collateral.
And the Managerial improvement loans (MARUKEI loans) and Okinawa Employment/Management Foundation
Reinforcement Fund (OKIKEI loans) allow borrowers to obtain uncollateralized and unguaranteed loans with therecommendation of the Chamber of Commerce and Industry or Association of Commerce and Industry.

Interviewing the Borrower ①

Tofu production plant expansion
Hiroshiya Shokuhin Co., Ltd. Rikiya Itokazu, Representative Director

Aja, Naha City

Interviewing the Borrower ②

Obtaining a mobile craneOkuhama Crane Mr. Toshikatsu Okuhama

Ozato, Nanjo City

We undertake contracts to unload construction materials or to install and mountlarge machines etc.
We replaced our deteriorated cranes and introduced the most up-to-datemachines. This has enabled us to work more eﬃciently and to hold down rising
repair costs, improving our proﬁts.
As a small independently operated business, we found it very diﬃcult to borrowfrom ﬁnancial institutions, but micro business loans helped us out with beneﬁcial
conditions and convenience.

Outline of Loans and Investment Systems

This company is a tofu maker established in 1975.
We own a plant in Naha City, but in the face of intensifying competition in theprefecture, we have been trying to attract new customers by participating
actively in product exhibitions outside the prefecture for several years.
In order to expand our production capability and establish a production control
system to deal with peanut allergies, we planned to expand our plant using loans
from ODFC. Rising construction costs have increased the plant and equipment
investment above the originally anticipated level, but we were able to guarantee
stable planning using a long-term ﬁxed loan. We work hard every day to be able
to supply safe delicious tofu that can be eaten without worry both inside andoutside of Okinawa.

Interviewing the Borrower ③

Expanding the digital signage business
Ti-Da Square Co., Ltd. Hiroshi Shimada, Representative Director

Makiminato, Urasoe City

The company was originally the Okinawa branch of a mainland company, but it
was established in 2010 to conduct its business in closer contact with the local
community. Its major business activities are sales promotion such as theoperation of a blog portal site, Ti-Da Blog specializing in Okinawa.
The company obtained loans from ODFC in order to establish Okinawa Teteru, a
tourism information digital signage business that recommends restaurants andother local attractions to outsiders visiting Okinawa. It is a newly founded
company but it was able to convince the ODFC of the good potential of its
business. We believe that by oﬀering its new services not only in Japanese, butalso in English, Chinese, Korean, and Thai, it will contribute to attracting tourists
to Okinawa.

09

Environmental Health Business Loans
Improving Sanitation Level and Supporting Modernization
Environmental health business loans support the improvement of the sanitation level, modernization, and rationalizationof the operation of environmental health-related businesses concerning environmental health- related ﬁelds closely linked
to the daily lives of people of the prefecture, in collaboration with voluntary activities of Environmental Health Trade
Associations and with, guidance in hygiene through health centers or management guidance through the Okinawa
Prefecture Environmental Health Business Guidance Center.

Providing Loans to Restaurants, Barbers, Beauty Salons etc.
Environmental health business loans provide funds to operators of restaurants, coﬀee shops, hotels and inns, barbers andbeauty salons, cleaning businesses, and other environmental health- related business ﬁelds, to cover the costs of building
new shops, expanding or renovating existing shops, purchase new equipment etc. or even their working capital. It has alsoestablished the Environmental Health-Related Businesses Managerial Improvement Special Loans System to provide
uncollateralized and unguaranteed loans.

Interviewing
the Borrower ①【Cafe Soylabo】
Asami Zukeran, Owner

Ikeda, Nishihara-cho

As fate would have it, I married into a family operating a long-established tofu shop.
Observing that every day the shop discarded about a ton of bean curd waste in the tofu
making process, I wondered if there was any way it could be used. Then in January 2015, I
opened a café using domestically grown soybeans in Nishihara-cho. Fortunately for me,
loan oﬃcers of the Finance Corporation like tofu. I am grateful to them for understanding
my business concept.

Through a trial-and-error process I renovated the ﬁrst ﬂoor of a building in Nishihara-cho,and personally designed it with an environment suitable for raising children so that guests
would be at ease bringing their children with them. I provide counter-seating so they can eat
while watching their children play, a kids room where parents and children can enjoy sitting
down to eat together, and a baby care room where mothers can nurse their babies orchange their diapers. I was gratiﬁed that I could ﬁnally open my shop just as I had imagined
it. I earned tofu-making qualiﬁcations and plan to gradually expand the menu in the future.
My ultimate goal for the future is a “Tofu Theme Park.” Okinawa is Japan’s leading tofu
consuming region, so I feel there is demand. I will be happy if young people can use loans
from the Finance Corporation.

【Hair Quality Improvement Salon: Pour Le Mieu】
Takako Mochida, Director

Interviewing
the Borrower ②
Makabi, Naha City

I have worked at salons both inside and outside the prefecture for around 20 years. During
this time I have always looked for the “potential to accentuate the natural qualities in thecustomers’ hair.” One day I had a meeting with someone running a hair quality improvement
salon in Kansai which spurred me on to open my own business. This was easier said thandone of course, and with everything being a ﬁrst-time experience for me I faced diﬃculties
in preparing written materials, and in a whole host of other areas. Amidst these struggles it
was the ODFC that shared my passion for opening a business based on this concept, and I
am extremely grateful for the assiduous and warm manner in which they consulted with me
throughout this process.
The business funds provided went to the “Head Spa.” Improving the quality of one’s hair isinterlinked with a desire to have customers feel comfortable and in tune with one’s natural
self. This requires a longer period of initial counseling, but results in a spa that provides
customers with a relaxing time and space.

As this form of “hair quality improvement” still has not taken root in Okinawa, I will look to gradually expand the business while continuing tovalue the current customer base that I have built up on word of mouth alone. Thank you very much for this opportunity.

Interviewing
the Borrower ③【Seasonal Cuisine Taiyo】
Akiharu Osoko, Owner

Kumoji, Naha City

Moved by the skillful knife handling, and the freshness and good taste of the cuisine that I
observed when taken to sushi shops as a child, I decided to become a sushi chef in myteens. After graduating from school, I studied Japanese cuisine from both inside andoutside of the prefecture and trained for 10 years at a well-known sushi restaurant, then in
September of last year, I made my lifelong dream of opening by own shop come true.
Instead of a ready-to-occupy property, I built my shop from scratch, so I made a large loan,
but I was grateful that thanks to the kindness of the loan oﬃcers in charge, I could design
the shop just as I planned it. At the counter, I serve sushi made using seasonal ingredientsprocured from Tsukiji in Tokyo, and at the tables I serve Japanese cuisine.

I am grateful that even though I have never advertised my shop since I opened it, thenumber of repeat customers is growing thanks to many ﬁrst-time guests telling otherpeople about my shop. Thanks to loans from the Finance Corporation, my dream of owning
my own shop has come true. Working hard every day as shop owner is tough, but this is
outweighed by the sense of accomplishment I enjoy every day I am here.

In the future, I want to continue to serve delicious cuisine using the ﬁnest ingredients then available in Okinawa, where Japanese cooking
has not yet penetrated.

10Medical Service Loans
Major Role in Promoting the Establishment of Medical Services Facilities
Medical service loans play a major role in improving the medical services environment in Okinawa by giving new
construction loans, expansion and renovation loans, medical treatment equipment procurement loans, and long-termworking capital loans to hospitals, health care facilities for elderly people requiring long-term care, clinics, medical care
worker training centers, etc. in order to complete regional medical service systems and facilities and improve the level of
medical treatment inside the prefecture.

For More Advanced and Higher Quality Medical Care Technologies
In recent years, medical service facilities in Okinawa have provided higher quality and more advanced medical careservices by improving patients’medical care environments and supplying advanced medical care technologies. Medical
service loans meet the broad demand for funds for medical service facilities in the prefecture in conformity with national
government policies and Okinawa Prefecture’s facility improvement plans.

Outline of Loans and Investment Systems

Hospital

Geriatric health services facility

Financing Example

Financing the opening of a dental clinic
Okinawa Dental Oﬃce Mr. Kotaro Shimoji● Businessoverview

This clinic is a dental clinic that opened
in Tsukazan in Haebaru-cho in June
2 0 1 4. I t n ot on l y p e r for ms norma ltreatments covered by insurance, it also
focuses on implants, cosmetic dentistry,and orthodontics.

● Loan details

The Okinawa Development FinanceCorporation provides loans for thepurchase of medical treatment
equipment and working capital required
after opening a dental clinic.

● Eﬀect of loan

This loans contribute to the completionof local medical services system inTsukazan in Haebaru-cho: a district thatis counted on to grow steadily in the
future.

Haebaru-cho

11Primary Sector Loans（Agriculture, Forestry, Fisheries）
We Meet the Demand for Financing in a Wide Range of Fields to Establish the
Okinawa Brand by Stabilizing Production and Taking Advantage of Regional
Characteristics
Primary sector loans（agriculture, forestry, ﬁsheries) provide equipment funds to obtain facilities and improve plant andequipment etc. as required for production by agricultural, forestry, and ﬁsheries businesses, to purchase farm land forexample, plus long-term working capital needed to plant fruit trees, purchase livestock, or to procure fertilizer and feed, inorder to maintain and improve production infrastructures and productivity of agriculture, forestry, and ﬁsheries. We also
meet the demand for ﬁnancing in wider areas including funding that farmers, lumbermen, and ﬁshermen need for thereconstruction of their operations damaged by natural disasters.
We provide long-term low-interest (interest free under certain conditions) loans to improve the operations of successors
who wish to and are capable of taking over the operation of their families’businesses in the face of the harshenvironment surrounding agriculture, forestry, and ﬁsheries, to establish stable production and supply systems, and toestablish the“Okinawa Brand”by taking advantage of regional characteristics.
We also train farm operation advisors and respond to requests for consultations concerning various aspects of farmmanagement（ 3people had qualiﬁed by the end of March 2015 ）.

Financing Example ①

Improving profitability by concentrating manufacturing processes
Agricultural Production Corporation, Tropical Plant Resources Institute Inc.

Uruma City

● Businessoverview

Our company is an agricultural production corporation
established in 1989 to produce orchids, papaya, and passion
fruits, etc. We merchandise the crops we produce. In
particular, we sell Manjyu-no-Shizuku, a health drink madeusing green papaya as its main raw material and extractedusing our own eﬀective microorganism based fermentationand maturation technologies. We have already sold more than
21 million bottles of this product.

● Loan details

ODFC has given the company a loan to renew its bottle ﬁlling
line and to move the line to its main factory.

● Eﬀect of loan

The company’s bottle ﬁlling line used to be at a location
separated from its main factory, but this ﬁnancing enabled the company to concentrate all its production
processes at its main factory. This has contributed to more eﬃcient production and operations, holding
down costs, so that it predicts improved proﬁtability.

Financing Example ②

Improving income by introducing the most advanced refrigerating equipment
Agricultural Production Corporation, Miwa Vegetable Production Association LLC.

12

Itoman City

● Businessoverview

This company is an agricultural production corporation
established by 6 vegetable growers（mainly lettuce）in Itoman
City in order to build a stable supply system through joint
shipping. Itoman City is the leading vegetable growing region
in the prefecture, and even in this region, this company iscounted on to play a leading role in local development by
occupying a position as a management unit at the center ofthe region in Itoman City’s “People ‒ Farmland Plan”（local
master plan for agriculture）.

● Loan details

ODFC has cooperated with administrative bodies to ﬁnancerefrigeration equipment and buildings.

● Eﬀect of loan

In addition to joint shipping, introducing the most advanced refrigeration equipment in Japan is counted
on to improve the member farmers’ incomes, because it will establish a stable farm product supply systemand permit direct transactions with major distributors such as trading companies, which is an arrangement
considered diﬃcult for individual farmers to realize.

Housing Loans
Support for Homes
Housing loans meets the prefecture’s resident’s demand for ﬁnancing for homes, including disaster restoration housing
loans, ﬁnancing to build energy-saving and service-equipped rental homes for elderly people, and ﬁnancing for homerenovations, plus ﬁnancing to build private homes and to purchase high-quality condominium apartments.

Aiming for Further Improvement of Housing Standards
On one hand, people’s housing needs are diversifying as they require increasing quality, and a growing demand toconserve the global environment by saving energy and resources has also appeared.
There is similarly a demand for the creation of housing environments that consider ensuring housing for elderly people.
ODFC supports the creation of home life that can ensure a genuine feeling of leeway and wealth through the use of its
ﬁnancing system.

Financing Example

Support for the reconstruction of a deteriorated condominium apartment building
Marutake Family Condominium Apartment Reconstruction Association

Naha City

This association, which is the prefecture’s ﬁrst condominium apartment reconstruction association, wasfounded under the law by owners of the Marutake Family Condominium Apartments in Oroku in Naha City,and certiﬁed by Naha City on May 1, 2013. These apartments which were built 39 years ago are now
deteriorated, and are inconvenient as homes for elderly households, so a decision has been made toreconstruct the condominium as a 22 unit 12 story building.

● Loan details

ODFC provided loans to cover construction costs.

● Eﬀect of loan

There are now 1.06 million condominium apartment units in Japan constructed before the enactment of
the Standard for Earthquake Resistant Design (1981), and these are steadily deteriorating. As of October
1, 2012, only 177 condominium apartment reconstruction projects had been completed, and it is believedthat a soaring number of deteriorated condominium apartments remain untouched throughout thecountry. And even inside the prefecture, there are several tens of apartments that are more than 35 years
old, but this will be the ﬁrst one of these to be reconstructed. This reconstruction project is counted on to
be referred to as a model for future deteriorated condominium apartment measures in the prefecture.

▼ Before reconstruction▼ Artist’s impression of reconstructed building

Outline of Loans and Investment Systems● Businessoverview▼ Condominium apartment reconstruction process
Reconstruction under the Act on Facilitation of Reconstruction of Condominiums

Reaching a consensus
concerning reconstruction
Condominium Unit
Ownership Act,
Article 62

Reconstruction decision（Executed by the association）

Forming acondominium
reconstruction
association
Permission by
the Governor

Exchange of rights
Preparing therights exchange
plan
Permission by
the Governor

Rightsexchangedate

Occupation ofreconstructedcondominium
apartment

Executingreconstruction
works

13

Investments（Supporting Industrial Infrastructure Improvement Projects and Leading Industries）
Supplying Long-Term Stable Financing Required for Regional Development
and the Growth of Local Enterprises

Investments by ODFC provide long term stable ﬁnancing for projects that play particularly signiﬁcant roles in promoting
industrial development in Okinawa, in order to supplement private ﬁnancing and to strengthen the management
infrastructure of these projects.
Until now it has employed its investment function to realize large-scale local development projects such as developmentof the key transportation systems and urban redevelopment, and also, to provide funds to companies involved in leadingindustries in Okinawa to strengthen their competitive strength by, for example, expanding their business, thereby
aggressively and strategically advancing measures to revitalize the economy of Okinawa.

Investment Example（ Industrial Infrastructure Improvement Project ）Supporting the expansion and improvement of the functionsof the entrance to the sky over Okinawa

Naha Airport Building Co., Ltd.

● Businessoverview

This company is a third sector enterprise established in December 1992 tobuild, manage and operate the Naha Airport Passenger Terminal Building.

● Investment
details

ODFC has, in compliance with national aviation policy, invested funds to support the expansion of the domestic passenger
terminal building and to build a new international passenger terminal building.

● Eﬀect ofinvestment

The Okinawa 21st Century Vision Basic Plan, speciﬁes “building an airport to be the hub of international exchanges and logistics
base” and “improving tourist hosting systems” as priority policies intended to provide infrastructure to build an independent
economy. Improving the comfort, functions, and convenience of Naha Airport is counted on to meet the needs of the rapidly risingnumber of visitors to Okinawa and provide services suited to the entrance to the tourist destination of Okinawa.

To form an international logistics base taking advantage of
geographical characteristics

Naha Airport Cargo Terminal Co., Ltd.

● Businessoverview● Investment
details● Eﬀect ofinvestment

This company manages and operates the cargo terminal building at Naha
Airport. The move to the new cargo terminal building greatly expanded thequantity of domestic and international cargo it handled to about 420,000 tons
in 2014 from about 260,000 tons it handled initially（2009）.
ODFC invested funds to support the construction of the new cargo terminal in order to expand the air cargo handling function ofNaha Airport.
The Okinawa 21st Century Vision Basic Plan, speciﬁes “building an international logistics base to create a bridge between Asia andJapan” by taking advantage of the geographical characteristics of Okinawa as a priority policy. This company’s cargo terminalbuilding is an important facility that supports Naha Airport’s air cargo transport functions and serves as infrastructure to use thisfunction to expand business activities, and is counted on to contribute greatly to promoting industry in Okinawa both by attracting
enterprises and creating employment.

Investment Example（ Supporting a Leading Industry ）To form a world-class tourist resort region

The Terrace Hotels Co., Ltd.

● Businessoverview

This company is a hotel operator that has gained a good reputation by
operating luxury resort hotels under the Terrace Brand, led by its ﬂagshiphotel, the Busena Terrace.

● Investment
details

ODFC invested funds to help this company develop refreshingly original high quality facilities and services.

● Eﬀect ofinvestment

The Okinawa 21st Century Vision Basic Plan, positions the tourist resort industry as a leading industry that encourages growth of
Okinawa's economy, and it calls for strategic eﬀorts to give Okinawa a domestic and international reputation as a world class
tourist resort region. This company’s new eﬀorts respond to the diverse tourism needs of people in Japan and around the world
and are counted on to contribute greatly to the promotion of the regional economy by forming a world-class tourist resort region.

Supporting the improvement of facilities in response todiverse tourism needs ofJapanese people and foreigners
Nanto Co., Ltd.

14

● Businessoverview

This company is a park operator with 5 theme parks and other facilities on the main
Okinawa Island and on Ishigaki Island. Okinawa World, Cultural Kingdom andGyokusendo Cave that opened to the public in 1972, is famous as a theme park
where visitors can experience the nature and traditional culture of Okinawa.

● Investment
details

ODFC invested funds to support the expansion of its business and the increase of its added value by renovating the company’s
theme park facilities.

● Eﬀect ofinvestment

The Okinawa 21st Century Vision Basic Plan, calls for strategic development of high added value tourism taking advantage ofregional resources such as the nature, culture, etc. of Okinawa in order to form a world-class tourist resort region. This company’s
eﬀorts to improve its facilities to meet diverse tourism needs of Japanese and foreign tourists are counted on to contribute greatly
to the promotion of the formation of a world class tourist resort region and stimulation of the region economy, which are goals of
Okinawa promotion policies.

Investments for the Creation of New Businesses
Aggressively Supporting the Creation of New Businesses in Okinawa
Since Okinawa was returned to Japanese administration, the promotion of industry by providing social capital and taking
advantage of regional characteristics through three Okinawa Promotion and Development Plans and the recent Okinawa
Promotion Plan has achieved a certain level of success, but many challenges remain unresolved, including the need tonurture industries to independently develop the economy and to improve the employment situation.
The Act on Special Measures for the Promotion and Development of Okinawa revised in March 2012 emphasizes strategic
industrial promotion aiming at the development of a private-sector led independent economy at the same time as it calls
for the promotion of industry and creation of employment in Okinawa by creating new businesses to be positioned as animportant policy challenge.
Investments for the creation of new businesses continues to be a special task of ODFC under the pre-revision Act on
Special Measures for the Promotion and Development of Okinawa in order to promote the creation of new businesses in
Okinawa.

Investment Example ①
Manufacturing and selling basic cosmetics
utilizing deep sea waterfrom Kume Island
Point Pyuru Co., Ltd.
This company is a manufacturer and marketerof basic cosmetics established in 2001. It has
increased its sales centered on OEM products
to customers inside and outside theprefecture, and in 2013 it expanded overseas
by starting to sell its own brand products in alarge supermarket chain in Hong Kong.

● Investment
details

ODFC has invested funds to be used to cover
the costs of relocating its factory on land
used by companies in businesses related todeep sea water around Kume Island, and the coast of its research and development work.

● Eﬀect ofinvestment

Relocating its factory eliminated the risk of microorganisms contaminating the deep sea water duringtransport, allowing it to make high quality products. This led to it expanding its sales channels inside andoutside the prefecture and outside of Japan. It was also able to increase the number of its full-time
employees, strengthening its internal systems.

Outline of Loans and Investment Systems● Businessoverview

Investment Example ②
Manufacturing and selling wooden fuel pellets
made from biomass resources
Biomass Recycling Center Co., Ltd.
● Businessoverview

This company, which was founded in 2007,
performs intermediate processing ofindustrial waste and manufactures woodenpellets. It procures wooden waste such as
construction waste material and processes it
to make wooden pellets that it sells to electric
power companies as fuel to supplement coal.

● Investment
details

ODFC invested funds to stabilize its
management foundations when it was
founded, including funds to cover factory
construction costs and other expenses.

● Eﬀect ofinvestment

This company’s business conforms to the national government’s and Okinawa Prefecture’s biomass
policies, by achieving the formation of a recycling society that reuses as much as possible of the wastematerial discarded on this isolated island of Okinawa as energy for the region. And it has contributed to thepromotion and development of industry in the prefecture by creating employment through theestablishment of a new regional industry.

15

The Okinawa Development Finance Corporation Unique Funding Systems
Responding to Regional Issues Facing Okinawa
In addition to implementing similar funding systems to the Japan Finance Corporation, ODFC promotes policy-based
ﬁnancing that is closely tied to the region, utilizing various unique funding schemes that are linked with national andOkinawa-led Okinawan economic promotion policies that serve to respond to regional issues facing Okinawa.
（ As of April 2015 ）Type of Loans/Investment

Electricity

Gas

MarineTransportation

Aircrafts

Self-suﬃcienteconomicdevelopment in
Okinawa

Use of Fund

Name of Fund・Funding necessary for the acquisition and upgrading of power
generation facilities, power transmission facilities, transformer facilities,
power distribution facilities, and communications facilities

Limit to Loans/Investment

80% of the necessary funds

・Funding necessary for the acquisition and upgrading of gas making
facilities and gas supply facilities
70% of the necessary funds

・Funding necessary for the construction and upgrading of ships servicing
Okinawa’s isolated islands with a gross tonnage of less than 1,000 tons

（80% of in-service ships
traveling to Okinawa’s isolatedislands and on overseas routes）

・Funding necessary for the construction and upgrading of passenger ships
and freighters with a gross tonnage of 1,000 tons or more・Funding necessary to purchase facilities contributing to maintaining
regular services
・Funding necessary to purchase aircraft, etc.

70% of the necessary funds
Industrial
development loans

80% of the necessary funds

・Funding necessary for speciﬁc businesses contributing to the promotion
and development of industry tasked with developing a privately-led
s e l f - s u ﬃ c i e n t e c o n o m y i n O k i n a w a（ e ﬀ o r t s t o i n t e g r a t e t h ecommunications industry, transport system upgrade businesses, overseas
expansion by business owners within the prefecture）
・Funding, etc. necessary for the construction, upkeep and administration,etc. of facilities run through the eﬃcient and eﬀective use of private
funds, management capabilities and technical capabilities

70% of the necessary funds

・Funding necessary to upgrade facilities needed for business operations
disposing of waste in an appropriate manner・Funding necessary to acquire facilities used to introduce renewable energy
・Non-facility based business funding

Basic loans

・Funding necessary for the acquisition, upgrading and repair of facilities
used by business operations contributing to the development andpromotion of industry in Okinawa

Development
promotion loans forremaining military
station sites

・Funding necessary to maintain and upgrade facilities contributing to thedevelopment of remaining sites, promoting the development remaining
military station sites（industry development loans include funds
necessary to prepare land for construction works）

Loans for thepromotion of the
Okinawan tourist
resort industry

・Funding necessary for business operations contributing to the promotionof the tourist resort industry in consolidated areas based on national orprefectural tourism-related initiatives

Loans funding thedevelopment of speciﬁc sites,such as international logistics
hub industry integrated
region・Funding necessary for business operations in international logistics hub
industry integrated region, and areas promoting industrial advancements
and business reform

Industrial
development loans

70% of the necessary funds

Small and medium-sizedenterprise loans

720,000,000 yen

Micro business loans

72,000,000 yen

Industrial
development loans

70% of the necessary funds

Small and medium-sizedenterprise loans

720,000,000 yen

Micro business loans

72,000,000 yen

Industrial
development loans

70% of the necessary funds

Small and medium-sizedenterprise loans

720,000,000 yen

Micro business loans

72,000,000 yen

Industrial
development loans

Loans for supporting
Okinawa
information-commu
nication industry

Loans for thepromotion of Okinawa
local products

Support loans for
persons founding
businesses in
Okinawa

16

・Funding necessary for information and communications-related business
operations in zones designated based on national or prefectural
information and communications industry promotion measures, andfunding necessary for businesses fostering and dispatching informationand communications personnel that contribute to the promotion of theinformation and communications industry

・Funding necessary for the development, manufacture and sale ofproducts that utilize natural Okinawan resources
・Funding necessary for the manufacture and sale of products using
unique Okinawan techniques and know-how
・Funding necessary for new business operations, etc. using technologies
pertaining to patent rights, utility model rights and other intellectual
property rights, and technology development-related subsidies, etc.
・Funding, etc. necessary for new business development which would
result in employment creation（Information andcommunications-relatedindustries only）

70% of the necessary funds

Small and medium-sizedenterprise loans

720,000,000 yen

Micro business loans

72,000,000 yen

Small and medium-sizedenterprise loans

720,000,000 yen

Micro business loans

72,000,000 yen

Small and medium-sizedenterprise loans

720,000,000 yen

Micro business loans

72,000,000 yen

Type of Loans/Investment

Use of Fund

Loans for reinforcing
management bases of Okinawa
small & medium sizedenterprises

・Funding necessary to strengthen the operating foundations of small andmid-size companies with approved business innovation plans in speciﬁc
industries set forth in the Act on Special Measures for the Promotion andDevelopment of Okinawa

Loans for promoting Okinawa
isolated islands

・Funding necessary for business operations contributing to the promotionof industry and the revitalization of the economy in isolated islands
within Okinawa Prefecture

Loans for strengthening
employment and businessfoundations in Okinawa

Name of Fund

Limit to Loans/Investment

Small and medium-sizedenterprise loans

720,000,000 yen

Micro business loans

72,000,000 yen

Small and medium-sizedenterprise loans

720,000,000 yen

Micro business loans

72,000,000 yen

・Funding necessary to enhance business operations for persons and companies

receiving guidance for the strengthening of their business provided bycommercial and industrial associations and the Chamber of Commerce andIndustry based on Okinawan employment/business operating foundation
enhancement initiatives set forth by Okinawa Prefecture

20,000,000 yen
Micro business loans

Loans for the clariﬁcation oflocation boundaries

・Funding necessary to acquire land, leaseholds, buildings, etc.
accompanied by the clariﬁcation of the boundary locations of replotted
land within areas with unknown boundary locations

Loans for developing humanresources in Okinawa

・Funding necessary to receive higher education at a university, etc. aftergaining qualiﬁcations equivalent to that of graduating from high school

Loans for promoting Okinawa
brands・Funding necessary for business operations strengthening thecompetitiveness of agricultural, forestry, and ﬁsheries products（strategic
items）produced on production sites approved by the prefecture anddesignated by the competent minister

72,000,000 yen for businesses
engaged in agriculture, forestry
or ﬁshing

Loans for improving
management of Okinawa
agriculture, forestry andﬁsheries

・Funding necessary to upgrade, prepare, or acquire agriculture-related
facilities, farming equipment, and facilities required to process, distributeand sell forestry products
・Funding necessary to remodel, construct, or acquire ﬁshing vessels（under 20t）

Either 13,000,000 to 300,000,000
yen set based on the intended
use of funds, or 80% of thenecessary funds, whichever the
lower amount is

Loans for sugar
manufacturing enterprises
and others

・Funding necessary to remodel, prepare, or acquire the facilities needed
to reﬁne sugar or manufacture tinned pineapple goods, and the funding
necessary for industrial rationalization accompanying mergers involving
manufacturers in this ﬁeld.

Loans for seafood
processing facilities

・Funding necessary to remodel, prepare, or acquire the facilities needed
for the manufacture and processing of aquatic plants and animals as
raw ingredients and materials

Loans for persons starting abusiness dealing with Okinawan
agriculture, forestry, livestock ormarine products

・Funding necessary to develop products that use agriculture, forestry,
livestock, and ﬁsheries produce, etc., and for the selective breeding ofagriculture, forestry, livestock, and ﬁsheries produce

Isolated islands/depopulated
areas

・Special loan amounts providing funds for the new construction of, or
renovating of hospitals, etc. on isolated islands/depopulated areas

80% of the necessary funds（Maximum of 15 million yen）

Educational loans

2,000,000 yen
for each student
80% of the necessary funds

80% of the necessary funds

48,000,000 yen

Medical service loans

Outline of Loans and Investment Systems

Primary sector loans(agriculture, forestry, ﬁsheries)

100% of the necessary funds
60% of the necessary funds

Loans for red tile houses

Investments for the creationof new businesses

・Funding necessary to tile personal house roofs with red tiling

Housing loans

・Funding for persons looking to start a new business, persons for which
ﬁve years has not passed since the start of their business, and persons
opening new business ﬁelds

Investments

14,100,000 yen to 20,700,000
yen based on ﬂoor space andsite construction

Up to 50% of the capitalrequired to start the new
business

Name of Scheme

Contents of Scheme

Low interest rates for thepromotion of employment

・Where Loans for the promotion of the Okinawan tourist resort industry, Loans funding the development of speciﬁc sites, such as international

Low interest rates for theprevention of red soil andother forms of erosion

・Of the equipment funds, etc. to which existing funding schemes implemented by ODFC apply, the“Ordinance on the Prevention of Red Soil Erosion（Churaumi low interest rates）

logistics hub industry integrated region, and Loans for supporting Okinawa information-communication industry apply, preferential treatment interms of the interest rate conditions that apply for the ﬁrst three years of the loan shall be set for projects that will maintain and expand employment

in Okinawa”applies, and for business operations which keep the suspended matter in muddy water being discharged to 100mg/l or less, lower than
the standard prescribed in this ordinance (200mg/l), the interest rate initially applied to the loan will be reduced by a further 0.2% for the ﬁrst ﬁve
years of the loan.

Special provisions for educationloans for low-income earners

・Special interest rate provisions apply to education loans taken by persons under a certain income range

Special interest rates for educationloans for persons located on
isolated islands

・Special interest rate provisions apply to education loans taken by persons commuting to schools in another area besides the island of their residence

Special interest rates for loans
without collateral indesignated areas of Okinawa

・Special interest rate provisions apply to loans for the funding necessary for persons engaged in select industry ﬁelds, etc. designated by special

from an isolated island in Okinawa Prefecturezones/region schemes set forth in national and prefectural measures to setup new business locations and to install earthquake proof
countermeasures as part of industry development loans and small and medium-sized enterprise loans

17Additional Materials
History ‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥ 20
Organization ‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥ 21
Branches ‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥‥ 22

19

History
Major movements insideand outside the prefecture
・Okinawa Prefecture established after its reversion to Japan（May 1972）
・Government sets forth the“Okinawa Promotion and Development Plan”（December 1972）
・The “Wakanatsu Kokutai”（National Youth Summer Games）
held to commemorate Okinawa’ s reversion to Japan（May 1973）
・An oil crisis emerges（October 1973）
・End of the Vietnam War（April 1975）
・“Ocean Expo” held（July 1975 to January 1976）

・Approval granted to construct the Okinawa oil site（CTS）（June 1976）
・Implemented transportation revisions（July1978）
・Second oil crisis occurs（1979）
・Okinawa Prefecture establishes the Nakagusuku
Bay Port development plan（July 1980）
・10 year extension set for the Act on Special Measures for the Promotion
and Development of Okinawa（May 1982）
・2nd Okinawa Promotion and Development Plan starts（1982）

・Establishment of the Okinawa Central Wholesale Market（April 1984）
・The Ministry of Posts and Telecommunications designates Okinawa
as a teletopia model region（March 1985）

・Okinawa Prefecture establishes the “Basic Tourism Promotion Plan
for Okinawa”（September 1986）
・“Kaiho Kokutai”（National Sports Festival of Japan）held（September 1987）
・The Okinawa Expressway opens from Ishikawa to Naha（October 1987）
・Completion of the ﬁrst “Okinawa free trade area, Naha district”
in Japan（May 1988）
・Emperor Showa passes away, and the era name changes to “Heisei”（January 1989）
・Consumption tax introduced（April 1989）
・New prefectural government building completed（January 1990）
・Okinawa Prefecture announces the “Resort Okinawa Master Plan”（March 1990）

・Outbreak of the Gulf War（January 1991）

・3rd Okinawa Promotion and Development Plan established（September 1992）
・Shuri-jo Castle park opened, and the main chamber is restored（November 1992）
・EC market integration（January 1993）

・Great Hanshin Awaji Earthquake（January 1995）
・Full-scale return agreement of the Futenma air base（April 1996）
・Construction starts on the Okinawa Urban Monorail（November 1996）
・Okinawa Prefecture sets forth the “Okinawa International City Concept”（November 1996）
・Hong Kong returns to China（July 1997）
・Yamaichi Securities fails, resulting in voluntary business closure（November 1997）
・Act on Special Measures for the Promotion and Development of Okinawa
revised to introduce “special free trade areas,”“telecommunications industry promotion areas,” and “tourism promotion
areas”（March 1998）
・Long-Term Credit Bank of Japan and the Nippon Credit Bank fail and arenationalized（October 1998）
・“Okinawa Economic Development Plan for the 21st Century” interim report（June 1999）
・Kyushu/Okinawa Summit held（July 2000）
・Gusuku sites and related properties of the Kingdom of Ryukyu registeredas World Heritage sites（November 2000）
・Central government reform. The Okinawa Development Agency is integrated
into the Cabinet Oﬃce（January 2001）
・Establishment of the “Basic Act Concerning Special Corporation Reform”（June 2001）
・9／11 simultaneous terrorist attacks occur in the U.S.（September 2001）
・The Okinawa Shinkin Bank fails（October 2001）
・Enforcement of the “Act on Special Measures for the Promotion andDevelopment of Okinawa”（April 2002）
・Establishment of the “Okinawa Promotion Plan”（July 2002）
・Outbreak of the Iraq War（March 2003）
・Japan Post founded（April 2003）
・The Okinawa Urban Monorail opens（August 2003）
・The Self-Defense Forces are sent to Iraq（December 2003）
・National Theatre Okinawa opens（January 2004）
・U.S. Forces helicopter crashes and goes up in a blaze in the Okinawa
International University（August 2004）
・“Key Policies for Administrative Reforms” approved by the Japanese Cabinet（December 2005）

・Proclamation of the “Act on the Promotion of Administrative Reform to
Realize Simple and Eﬃcient Government”（June 2006）
・Lehman Brothers Holdings fails（September 2008）
・Proclamation of the “Japan Finance Corporation Act” and the “Act for the
Establishment of Laws and Regulations Related to the Enactment of theJapan Finance Corporation Act”（May 2007）,enforced（October 2008）
・Founding of the Japan Finance Corporation（October 2008）
・Founding of the Development Bank of Japan（October 2008）

・Great East Japan Earthquake（March 2011）
・Revision of the “Act on Special Measures for the Promotion and Development of
Okinawa”（March 2012）
・Establishment of the “Basic Vision for Okinawa in the 21st Century”（May 2012）
・Painushima Ishigaki Airport opens（March 2013）
・Irabu Bridge opens（January 2015）20

History of The Okinawa
Development Finance Corporation

1972
to

1975
1976
to

1980
1981
to

1985
1986
to

1990
1991
to

1995
1996
to

2000

2001
to

2005

2006
to

2010

2011
to

・The Okinawa Development Finance Corporation founded（May 1972）
・Starts providing special loans for micro, small and mid-sized enterprises（June 1972）
・Implements structural reforms, integrating the Naha Branch into the Main Oﬃce（April 1974）
・The Main Oﬃce relocates to Kumoji, Naha City（December 1974）
・Property accumulation housing loans established（June 1975）
・Establishment of employee business startup loans as part of the environmental healthbusiness loans oﬀered（July 1975）
・Establishment of the red-tile roof housing loan scheme（June 1977）
・Added investment and loan guarantee operations（1978）
・Establishment of the academic advancement fund loans scheme（1978）
・Established a special loans scheme to accompany changes made totransportation methods（1978）・Introduction of a phased interest rate system for housing loans（October 1982）
・Completion of the “Shoshu-kan” training hall（November 1982）
・Establishment of the existing housing purchase loans（1983）
・Completion of the new Hokubu Branch location（May 1984）
・Establishment of the system development secretariat（April 1985）
・Establishment of the Okinawa tourism and recreation site development fund（1986）
・Establishment of the Okinawa free trade area promotion loans（1987）
・Establishment of the Loan Consulting Section（1987）
・Establishment of the NTT interest-free loan scheme（September 1987）
・Establishment of the Project Promotion Oﬃce（April 1988）
・Completion of the new Chubu Branch site（March 1990）
・Launches industrial development loans and establishes support funding, etc.
in this area（June 1990）
・Academic advancement loans revised to educational loans（April 1991）
・Completion of the new Miyako Branch site（March 1994）
・Establishment of the Project Promotion Section（June 1994）
・Starts outsourcing pension education loan operations to the Pension Welfare
Service Public Corporation（November 1994）
・Establishment of special area promotion funds for free trade area, etc.（April 1995）
・Establishment of loans for the promotion of Okinawa local products（June 1996）
・Added and expanded special funds for small and mid-size companies
and pension-secured loans to encompass agency operations（January/April 1997）
・Establishment of loans responding to changes in the ﬁnancial environment for industrial
development, small and mid-size enterprise, and micro business loans（1997）
・Establishment of the Business Start-up Support Section（April 1997）
・Establishment of loans for persons starting a business dealing with Okinawan agriculture,
forestry, livestock or marine products（April 1997）
・Establishment of non-equipment related funds for industrial development loans（December 1998）
・Establishment of special emergency support funds for Okinawan entrepreneurs, etc.
（December 1998）
・Establishment of loans for promoting Okinawan isolated island economic revitalization（April 1999）
・Completion of the new Main Oﬃce（April 2000）
・Establishment of the housing bond（condominium repairs course）system（June 2000）
・Formation of “Our Action Agenda”（March 2001）
・Establishment of loans for supporting Okinawa information-communication industry（April 2001）
・Establishment of loans for promoting the Okinawa brand（April 2001）
・Establishment of special emergency support funds for tourism-related enterprises in Okinawa（October 2001）
・Addition of new business creation and promotion investment functions（April 2002）
・Section system introduced for the First, Second and Third Loan Departments, and the Loan
Administration Department, along with the addition of the New Business Financing Department
and the Credit Risk Management Department（April 2002）
・Obtained an enterprise rating（AA+）（September 2002）
・The ﬁrst issue of 10 billion yen in The Okinawa Development Finance Corporation bonds（October 2002）
・Establishment of low interest rates for the prevention of red soil and other forms of erosion（Churaumi low interest rates）（April 2003）
・Establishment of the Compliance Oﬃce（April 2004）
・Introduction of interest-free loan systems to small and mid-size enterprise loans（April 2004）
・Establishment of loans for promoting Okinawan isolated islands and“special exceptions for Awamori”
for loans promoting Okinawan local products, and the establishment of loans for reinforcing
management bases of Okinawa small & medium sized enterprises（April 2005）
・Implementation of credit oﬃcers, the Business Start-up Support Section and
the Micro Business Financing and Contract Section（April 2006）
・The Loan Administration Department changes its name to the Business Administration
Department, and First Loan Department Investment and Management Support Section istransferred and renamed to the Business Administration Department Management
Support Section, and the Regional Project Promotion Section is started（April 2007）
・Completion of the new Yaeyama Branch site（April 2007）
・Relocation of the Tokyo Oﬃce（September 2007）
・Establishment of the Information System Management Department（April 2008）
・Establishment of the Okinawa autonomous society capital improvement loan（April 2008）
・Establishment of Okinawa’ s economic autonomy support loan（April 2009）
・Establishment of special interest rates for education loans for persons located on isolatedislands（April 2010）
・The Survey and Policy Assessment Division renamed the Research Division（April 2011）
・Establishment of low interest rates for the promotion of employment scheme（April 2011）
・Establishment of loans for strengthening employment and business foundations
in Okinawa（April 2012）
・Establishment of funds for developing human resources in Okinawa（April 2012）
・Establishment of development promotion loans for remaining military station sites（May 2013）
・Reorganized the Loan Departments of the Main Oﬃce, placing the focus on loans forsmall and mid-size companies（June 2013）
・Expansion of industrial investment loans（leading industry support）（April 2014）
・The Compliance Oﬃce is transferred from the General Aﬀairs Department to the
Planning and Research Department（April 2015）

Organization
Striving for the smooth operation of business functions.

（ As of April 1, 2015 ）Inspector

Steering Council／
History

ODFC

Executive
Assistant

An institution comprised ofrepresentatives from all ﬁelds
in Okinawa Prefecture establishedto discuss issues regarding
ODFC operation and management, and to reﬂect the opinionsof all ﬁelds in the region.

General Service
Department

Main
Oﬃce

Organization

Credit Oﬃcer
General Service Division
Accounting Division
Business Planning Division

Planning &Research
Department

Research DivisionFirst Loan
Department

Industrial Development Investment Section

Compliance Oﬃce
Industrial Development Loans Section
Regional Project Promotion Section
Small and Medium-sized Enterprise Loans Section 1

Second Loan
Department

Small and Medium-sized Enterprise Loans Section 2
Environmental Health Business and Start-up Loans Section
Loan Consulting/Education and Pension Oﬃce

Third Loan
Department

Chief
Director

DeputyDirector

Business
Administration
Department
Information
System Management Department

Directors

Housing Loans Section

Agriculture, Forestry and Fisheries Industry Loans Section
Entrusted Business Loans Section

First Loan Administration Business Section

Second Loan Administration Business Section
Management Support Section

Credit Risk
Management
Department

Auditor

New Business
Financing
Department

Board of Directors

Chubu Branch

The Board of Directors is the advisory committee of
the Chief Director in matters involving the operationand management of the ODFC.

General Aﬀairs DivisionFirst Business Division
Second Business Division

Hokubu Branch
Miyako Branch
Yaeyama Branch

Tokyo
Oﬃce

General Aﬀairs Division
Business Division
General Aﬀairs Division
Business Division
General Aﬀairs Division
Business Division

General Aﬀairs
Department

General Aﬀairs Division

Accounting
Department

Accounting Division

Planning and Coordination Division

Fund Management Division

The Okinawa Development Finance Corporation Steering Council（ June 16, 1972 Cabinet decision ）The Okinawa Development Finance Corporation Steering Council has been established in order to bring about eﬃcient business
operations of the Okinawa Development Finance Corporation （ODFC）, as well as to ensure that the services and activities of the
ODFC are appropriate for both the economic and social development of Okinawa and, moreover, so that the views of representatives from every ﬁeld in Okinawa and from related governmental and administrative organizations will be suitably reﬂected.
Description
1. The Council consisted of the following persons commissioned by the prime minister after consultation with the Finance Minister:（1）Staﬀ in related administrative organizations （up to 7 persons）（2）Governor of Okinawa and the Chairperson of the Prefectural Assembly（3）Representatives from various business ﬁelds in Okinawa （up to 9 persons）（4）Persons of academic standing （up to 2 persons）
2. Administrative aﬀairs of the Council are processed at the Okinawa Development and Promotion Bureau within the Cabinet Oﬃce.

21

Branches
Responding to the particular needs of the local region.
Main Oﬃce

Naha Shintoshin Nakakanjo-sen

58

Naha Terrace
Hello Work

Shintoshin
Media Bldg.

Prefectural Route 29（Matayoshi-dori）

rt→

o
i-d t
sa ee
u
r
ok St

Yogi→

o
Airp

ri

K

Sumitomo
MitsuiTrust Bank

Exit 1Toranomon
10 Mori Bldg.
Toranomon
Hills

1-2-26 Omoromachi, Naha-shi, 900-8520

First Loan Department（industrial development loans, medical service loans, investments）
TEL:098-941-1765 FAX:098-941-1915

Second Loan Department

JR LineSotobori-dori Street
A3
Exit

Tokyo
Oﬃce

Hibiya-dori Street

oute
nal R

Natio

ToyokoInn Main Bank
LawsonChurchOﬃce of Japan

Toranomon
StationN

Uchisaiwaicho
StationThe Bank ofTokyo-Mitsubishi
UFJ
New
Shimbashi
Bldg.

Shimbashi
StationDFS

Resona Bank
Okinawa Urban Monorail

SAN-A
Naha Main PlaceN

Omoromachi
StationAmeku
Ryubo Store←Furujima IC Japan National Route 330

Okinawa Prefectural
Museum & Art Museum

n
Japa
←Aja

TomarinTokyo Oﬃce

Karasumoriguchi

Shintora-dori Street

Kowa Nishi-shimbashi Building 10F, 2-1-1 Nishi-shimbashi, Minato-ku,
Tokyo 105-0003
TEL:03-3581-3241 FAX:03-5511-8233*Numbers on the map above represent
the closest exit in each station（small and mid-size enterprise loans, micro business loans,environmental health business loans）
TEL:098-941-1785 FAX:098-941-1910

Third Loan Department（housing loans, primary sector loans（agriculture, forestry, and ﬁsheries））
TEL:098-941-1850 FAX:098-941-1915

New Business Financing Department
TEL:098-941-1908

FAX:098-941-1808

Chubu Branch← Koza Intersection

Japan National Route 330

Bank of
RyukyuKoza Branch

Hokubu Branch
Okinawa City
Ward Oﬃce

Hentona
Pharmacy

Chubu
BranchGoya Intersection（Former）
Supermarket
Kanehide
Nansei Store

Kusunoki-dori Street

Moromi →MiyakoBranchMiyakoMainichi
Newspapers

Family Mart
MiyakoNakamatsu Store

Airport →（Former）
Gas Station

N← Towards Arakawa

Yaeyama
Branch118-1 Hirara, Higashi Nakasone, Miyakojima-shi, 906-0007
TEL:0980-72-2446 FAX:0980-72-7049

22

Nago Civic Center

Gas
StationShiminkaikan-dori Street

MiyakoShinpoNaha →

Yaeyama Branch

E3
Gas Station

Prefectural Route 243

Parking

1-28-15 Miyazato, Nago-shi, 905-0011
TEL:0980-52-2338 FAX:0980-51-1008

N

Miyakojima City
Ward Oﬃce

21 Seiki no Mori
Gymnasium

Japan National Route 58

Miyako Branch← Hirara Port

Nago City
Ward Oﬃce

21 Seiki no Mori
Grounds

1-12-24 Goya, Okinawa-shi, 904-0021
TEL:098-937-3282 FAX:098-982-1026

Naha
District Court
Hirara Branch

HokubuBranch← Motobu

Koza
Police Box

Miyakojima
Municipal Kita
Elementary
SchoolGas
StationMunicipla Tennis Courts

Okinawa
Customs Branch

Koza
Music Town

N

N

Shiyakusho-dori Street

Intersection 730 →JA Okinawa
Yaeyama Branch

Shinei Park

Ishigaki
Civic Center

4-1 Shineicho, Ishigaki-shi, 907-0014
TEL:0980-82-2701 FAX:0980-83-1634

Ishigaki City
Ward Oﬃce

【 Main Oﬃce/Branch Area of Operations Map 】

Noho
IslandBranches

Iheya
IslandN

Iheya Village

Gushikawa
IslandKunigami Village

Izena Village

Kouri Island

Ie Village

Izena Island

Nakijin
VillageIe Island
Minna Island

Aguni
Village

Aguni
IslandMotobuTown

MiyagiIslandYagaji Island

Ogimi
VillageOu Island

Sesoko Island

HigashiVillage

Nago City
Tonaki
Village

Kitadaito Island

TonakiIslandOnna Village

Kerama Islands

ZamamiIslandZamami
Village

Aka
IslandTokashiki
IslandTokashiki
Village

Kin Town

Kadena Town

Ginowan City

Kume Island

Kumejima
Town

Urasoe City

Minamidaito
Village

Uruma City

YomitanVillage

Chatan Town

GerumaIslandKitadaito
VillageGinoza Village

Ikei Island

Minamidaito
IslandMiyagiIslandOkinawa
City

Henza Island

Ikema Island

Hamahiga
IslandKitanakagusuku
Village
Nakagusuku
Village

Miyako Islands
Ogami Island

Irabu Island

Tsuken Island

Nishihara Town

Naha City

Haebaru Yonabaru Town
Town
Tomigusuku
Nanjo City
City

MiyakoIslandShimojiIslandKudaka Island

Miyakojima
City

Kurima Island

Yaese Town
Itoman City

Minna
IslandTaketomi Town

Yaeyama Islands

HatomaIslandHateruma Island

Yonaguni Town

Yonaguni Island

Tarama Village

Ishigaki
City
Taketomi
Town

Iriomote
IslandKohamaIslandAragusuku
IslandTaketomi
IslandKuro Island

Ishigaki
IslandTaramaIslandMain Oﬃce
Chubu Branch
Hokubu Branch
Miyako Branch
Yaeyama Branch23

Corporate Guide
Published/March 2016

Business Planning Division, Planning & Research Department,
The Okinawa Development Finance Corporation
1-2-26 Omoromachi, Naha-shi, Okinawa 900-8520

TEL.098-941-1740 FAX.098-941-1925
http://www.okinawakouko.go.jp/◎This pamphlet has been prepared using environmentally-friendly
vegetable oil ink and recycled paper.