Japan Bank for International Cooperation (JBIC) signed a loan agreement on September 14 with Thai Inaba Foods Company Limited (TIF), the Thai subsidiary of Shizuoka-based Inaba Foods, to help pay for a new factory in Thailand.
JBIC's own commitment is capped at 1,672,100 thousand Thai baht. The loan is co-financed with private financial institutions as part of a syndicate totaling 2,390,000 thousand Thai baht.
| Feature | Detail |
|---|---|
| JBIC loan amount (capped) | 1,672,100 thousand Thai baht |
| Syndicated total (with private banks) | 2,390,000 thousand Thai baht |
| Use of proceeds | Factory construction for pet food manufacturing and sales in Thailand |
| Prior JBIC loan to the company | Announced May 13, 2026 (amount not disclosed) |
The funding is denominated in Thai baht rather than yen. JBIC describes this as core to its mandate: meeting local-currency funding needs so Japanese small and mid-sized companies can expand in growth markets such as Thailand. The proceeds are earmarked specifically for constructing a factory to expand TIF's pet food manufacturing and sales operations.
This is not JBIC's first commitment to the company. It follows an earlier loan the bank announced on May 13, 2026, though the September release does not disclose the amount or terms of that prior agreement.
Inaba Foods, a manufacturer of canned goods, retort food and pet food, set up TIF in 2011 as a production and export base as global pet ownership climbed. TIF now ships to more than 80 countries, and Inaba Foods says it plans further expansion of pet food manufacturing and sales through the subsidiary as demand keeps growing worldwide.
For JBIC, the deal is a small but repeated example of a standing strategy: pairing with commercial banks to extend local-currency loans that let Japanese manufacturers build capacity in fast-growing markets without adding currency risk to the balance sheet.