JICN executed a ¥400 million subordinated loan to Miyoshi Industries, which is proceeding with plans to build a new four-story timber headquarters using CLT in Yonago, Tottori Prefecture.
JICN decided to provide Miyoshi Industries with financing through a ¥400 million subordinated loan and executed the loan. It plans to monitor the company's business activities and confirm its initiatives to reduce greenhouse gas emissions.
The new headquarters will be a four-story timber building using engineered wood, including CLT, and will serve as a model for the use of timber in non-residential construction. The plan calls for constructing a new headquarters and warehouse, seeking ZEB certification and using the site as a live office open to the public.
The site is in Yonago, Tottori Prefecture. The project is expected to promote the use of locally sourced timber, build expertise in CLT construction through the participation of local companies, and support the use of timber in non-residential construction. The new headquarters is also expected to help address construction and forestry-related challenges in the region.