Issue of USD Bonds (144A/RegS)

 Development Bank of Japan Inc. issued its USD bonds (144A/RegS), guaranteed by the government of Japan, on January 14, 2026.

Details are as follows:

Series32
Issue amountUSD 500 million
MaturityJanuary 14, 2036
Coupon4.375%
Re-offer price99.545%
GuarantorJapan
ListingLuxembourg Stock Exchange's Euro MTF Market
Signing DateJanuary 8, 2026
Closing DateJanuary 14, 2026

This communication does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Japan or any other jurisdiction where such an offer or solicitation would be unlawful. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act") or an exemption from registration, and any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the issuer and management, as well as financial statements. The securities referred to herein have not been and will not be registered under the Securities Act.