Investor Presentaiton
DBJ's Status (2)
■DBJ's full privatization remains as a target but there is no concrete implementation plan
✓ Privatization of DBJ was originally determined in 2006 as a part of the Japanese government administrative reform.
✓ However, the privatization timing was postponed twice, by the DBJ Act amendments in 2009 and in 2011, in order to utilize
DBJ for the government to respond to two major crises: Financial Crisis in 2008 and the Great East Japan Earthquake in
2011.
✓ On May 13, 2015, the Act for Partial Amendment of the DBJ Act was passed into law, and while the privatization remains
as a target, timeline was officially removed and the implementation schedule is not yet decided.
✓ On May 22, 2020, the Act for Partial Amendment of the DBJ Act was passed into law;
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Extend the date to which DBJ will decide the business entities that will receive funds pursuant to the Special
Investment Operations and the Japanese Government may make capital contributions to DBJ in connection with the
proper implementation of the Special Investment Operations by DBJ from 31 March 2021 to 31 March 2026; and
Extend the completion date with regard to the Special Investment Operations from 31 March 2026 to 31 March 2031.
The Government is required to hold certain amount of its stake in DBJ (as described below), and upon disposal to take into
account the effect on the attainment of the objectives of DBJ and the market conditions.
DBJ's operations
mandated under the DBJ Act
"MINIMUM" requirement (1) for the
Government shareholding in DBJ
Target completion date
Crisis Response Operations
more than 1/3
Special Investment Operations
1/2 or more
(1) DBJ has been wholly owned by the Japanese Government.
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For an INDEFINITE PERIOD
By MARCH 2031
DBJView entire presentation