Arisawa Mfg. has been awarded a subsidy of up to ¥2.127bn toward its planned new plant in Gifu Prefecture, the company said in a notice dated 29 September 2026. It has received the grant decision letter from the Ministry of Economy, Trade and Industry (METI).
What the grant covers
The money comes from METI's large-scale growth investment subsidy, aimed at labour-saving investment tied to wage increases at mid-sized, small and start-up companies. The subsidy rate is one quarter, and eligible costs are buildings, machinery and software. Arisawa puts the project's investment scale at about ¥14bn (planned), and says that figure includes additional spending outside the subsidy.
The ¥2.127bn is a ceiling. Arisawa says the amount actually paid may change depending on the result of an inspection after the subsidised project is completed.
The pay-rise condition
Arisawa has set a target of raising total pay per employee involved in the project by an average of 7.6% a year. The target runs from the year ending March 2029 to the year ending March 2032, which the notice describes as three years.
The plant behind it
Arisawa first announced the plant on 30 April 2026 at about ¥10bn. The September notice refers to a further notice of 6 August 2026 on additional investment in the plant and gives the current investment figure as about ¥14bn. Completion is scheduled for September 2028, and funding is planned from own funds and borrowings.
The plant has not started operating. Arisawa expects it to start running in the year ending March 2029 and says the effect on current-year consolidated results is minor.