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Strategic Financing by Social Loan

June 28, 2021News Release
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Dynamic Map Platform Co., Ltd. (Headquarters: Chuo-ku, Tokyo, CEO: Hiroyuki Inahata, hereinafter referred to as “DMP”) has agreed with MUFG Bank, Ltd. (Headquarters: Chiyoda-ku, Tokyo, President & CEO: Junichi Hanzawa, hereinafter referred to as “MUFG”) and the Shoko Chukin Bank, Ltd. (Headquarters: Chuo-ku, Tokyo, President: Masahiro Sekine, hereinafter referred to as “Shoko Chukin” that on June 28, 2021 DMP entered into a syndicated term loan agreement with a commitment period (hereinafter referred to as the “Loan”).

DMP is an approved enterprise implementing innovative use of data for industrial activities per the Act on Special Measures for Productivity Improvement, and Organization for Small & Medium Enterprises and Regional Innovation, Japan (Headquarters: Minato-ku, Tokyo, Chairman & CEO: Atsushi Toyonaga, hereinafter referred to as “SME Support, Japan”) has agreed with us to guarantee 50% of the outstanding principal amount of the Loan.

DMP is aiming to realize, as a medium- to long-term vision, high-precision location information infrastructure that contributes to Society 5.0*1. DMP develops high-precision three-dimensional map data (hereinafter referred to as "HD Map") that can be used for infrastructure maintenance and management systems, disaster prevention and reduction systems, etc., in addition to autonomous driving and advanced driving assistance systems. The funds raised through the Loan will be used to expand the coverage of our HD map that will contribute to Society 5.0, solving social issues.

The Loan has received a third-party rating from Japan Credit Rating Agency, Ltd. that it is a social loan conforming to the Social Loan Principles established by the Loan Market Association, etc.*2 in April 2021.

■Loan Summary

Contract date
: June 28, 2021
Arranger/Agent
: MUFG Bank, Ltd.
Joint Arranger
: The Shoko Chukin Bank, Ltd.
Amount of Funds raised
: 4,000,000,000 yen
Use of Proceeds
: Coverage expansion of HD map data in Japan
Lenders(Alphabetical order)
: MUFG Bank, Ltd.
The Bank of Nagoya, Ltd.
The Hachijuni Bank, Ltd.
The San-in Godo Bank, Ltd.
The Shoko Chukin Bank, Ltd.
% Guarantee by SME Support, Japan
: 50%

■Project Summary

Social Loan Project Social Loan Principles Categories
Coverage expansion of HD map data in Japan Project Categories
  • Affordable basic infrastructure (transport)
  • Socioeconomic advancement and empowerment
Target Populations
  • Elderly people or people with physical disabilities whose cognitive, judgment, and operating abilities are deteriorating
  • People living near rivers and beaches
  • People who benefit from snow removal

■HD Map Sample

HD Map Sample
  • *1: A human-centered society that achieves both economic development and the resolution of social issues through a system that highly fuses cyberspace (virtual space) and physical space (real space).
  • *2: An association dedicated to improving the liquidity, efficiency and transparency of the syndicated loan market in Europe, the Middle East and Africa. It refers to three companies, the Loan Market Association, which has 630 member organizations in more than 60 countries primarily in Europe and the Middle East, the Asia Pacific Loan Market Association, and the Loan Syndication and Trading Association.