Development Bank of Japan Inc. (DBJ) received a Merit Award by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP *1) for outstanding work in the category of Local Economic Technology Development. In selecting DBJ for the award, ADFIAP cited "Investment in Aikawa Kurumaza Co., Ltd." The 2025 awards were presented at the ADFIAP General Meeting held 23-25 April 2025.
The ADFIAP Awards recognize the work of development finance institutions with distinguished achievements in the Asia-Pacific region. The aim of the awards is to publicize deals and projects which are both outstanding and instructive, as well as to share financial methods and techniques.
Aikawa Shaza Co., Ltd. was established in 2022 as a public-private partnership project between Sado City, the Sado Tourism Organization, Niigata Nipposha Co., Ltd., and NOTE Co., Ltd., with the aim of supporting revitalization of the Sado region through an approach of local ownership. Based on the knowhow of NOTE Co., Ltd., which operates the NIPPONIA brand nationwide, in the development of decentralized hotels and regional revitalization, as well as local networks owned by The Niigata Nippo Co., Ltd., etc., the company will acquire unused old private houses, renovate them into hotels, and utilize them as historical resources for tourism, thereby contributing to town development and revitalization of the tourism industry.
DBJ has decided to provide support to the Company through Special Investment Operations *2 on the grounds that this project will contribute to the revitalization of the local economy through the expansion of local consumption (utilizing local resources to attract tourists from outside) and the creation of jobs (through the establishment of new hotels and surrounding facilities).
DBJ will continue to proactively support our customers' efforts to develop markets for growth funds, revitalize the local economy, and strengthen competitiveness through Special Investment Operations.
*1ADFIAP
| Official name | Association of Development Financing Institutions in Asia and the Pacificic | |
| Establishment | October 1976 (headquarters: Manila, Philippines) | |
| Membership | 97 institutions in 42 countries and regions (as of April 21, 2025) |
*2 Special Investment Operations: In order to promote the supply of growth funds by the private sector, revitalize the regional economy, and strengthen the competitiveness of Japanese companies, this business provides temporary and concentrated supplies of growth funds through partial investment from the government.
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