The Development Bank of Japan (DBJ) plans to provide ¥3 trillion, roughly $19 billion, in risk capital to businesses over the next five years beginning in fiscal 2026, under a new medium-term management plan [1, 2]. DBJ aims to adopt a longer-term investment horizon to support shifts in supply chains and industry consolidation, transforming its corporate culture to operate with the mindset of an investment firm, said Seiji Jige, President and CEO [2].
The bank plans to strengthen its investment operations while focusing on infrastructure industries such as electric power and telecommunications, as well as the semiconductor and shipbuilding sectors [2]. It also intends to expand funding for regional economies by setting investment quotas for local branches and targeting growth in these areas [2].
DBJ is aware of geopolitical risks, including tensions in the Middle East that affect oil supply. Jige said, "If there is a need for risk capital, we will step in" to support businesses facing challenges from such shocks [2].
One possible investment under consideration includes Tokyo Electric Power Company Holdings. The bank may invest if it contributes to reconstruction efforts in Fukushima Prefecture and to Tepco's growth, Jige said [2].
Fiscal 2026 marks the launch of the DBJ's five-year medium-term plan that outlines these priorities, including the provision of ¥3 trillion in risk capital to businesses, with an emphasis on long-term support and strategic sectors [2].
