Subsidiaries of the DICJ

The Resolution and Collection Corporation (RCC), Regional Economy Vitalization Corporation of Japan (REVIC) and Corporation for Revitalizing Earthquake-Affected Business ("HIGASHI-NIHON DAI-SHINSAI JIGYOSHA SAISEI SHIEN KIKO") have been established as subsidiaries (limited company) of DICJ.

Resolution and Collection Corporation (RCC)

The Resolution and Collection Corporation (RCC) was established as a wholly owned subsidiary of the DICJ through a merger between the Housing Loan Administration Corporation (HLAC) and the Resolution and Collection Bank (RCB) on April 1, 1999.

In addition to the main operations that are management, collection and disposal of the assets purchased from failed financial institutions, etc., and capital injection to the financial institutions, etc., the enforcement of the revised Deposit Insurance Act (in October 2011) has enabled the RCC to operate the functions of the bridge bank, and to purchase and collection of specified difficult recovery claims held by financial institutions.

DICJ has been making efforts in collecting non-performing loans through providing RCC with guidance and advice for the recovery of loans, cooperating with RCC in pursuing the criminal and/or civil liabilities of the parties concerned and investigating hidden assets of debtors based on its right to conduct an asset investigation.

Resolution and Collection Corporation
1. Establishment April 1, 1999
Capital: ¥12,000 million (100% subsidiary of DICJ)
2. Purpose The purposes of RCC is: to manage, collect and dispose of assets purchased from failed financial institutions; to do the operation of the bridge bank; to purchase, manage, collect and dispose of the specified difficult recovery claims; to do the operation related to capital injections to the financial institutions, etc.; and to do other banking business stipulated in the Banking Law and other related laws.
3. Officers

Total Staff 365 (as of July 1, 2013)

[as of August 30, 2013]
Shozo Fujita Representative Director & President
Satoshi Hashimoto Representative Director
Kaoru Funamoto Senior Managing Director
Tomohiko Sakamoto Senior Managing Director
Toshiro Uchida Auditor
Akira Tamura Auditor(part time)
Tsuyoshi Kobayashi Auditor(part time)
4.Location
Head office Shin-Nisseki Building 3-4-2 Marunouchi, Chiyoda-ku, Tokyo, Japan
5.Homepage
[Japanese only]
http://www.kaisyukikou.co.jp/

Regional Economy Vitalization Corporation of Japan (REVIC)

DICJ established a 100% owned subsidiary, Enterprise Turnaround Initiative Corporation of Japan (ETIC) on October 14, 2009 in accordance with the provisions of Article 51 of the Act on Enterprise Turnaround Initiative Corporation of Japan.  In March 2013, ETIC was reorganized as Regional Economy Vitalization Corporation of Japan (REVIC) as a result of the enactment of the partial revision of the Act on Enterprise Turnaround Initiative Corporation of Japan.

REVIC will provide support for vitalization of local enterprises operations by assessing their assets, assisting formulation of their operation and finance restructuring plans, coordinating their creditors and other stakeholders, and rendering human and financial support to them, in an impartial and neutral manner.  The enactment of the revised Act has enhanced the functions of REVIC to vitalize local economies.

Regional Economy Vitalization Corporation of Japan (REVIC)
1. Establishment October 14, 2009
Capital: ¥23,084.8 million (97.5% owned by DICJ with a contribution of ¥22,584.8 million)
2.Purpose Ensuring job security, REVIC seeks to vitalize the regional economies through advancement of comprehensive economic potential in the local areas and at the same time to facilitate reinforcement of the foundation of stability of the financial system in the regions.  In order to accomplish these objectives, ETIC will provide, in cooperation with financial institutions and local governments, support for small and medium-sized and other enterprises which possess valuable management resources but are suffering from heavy burden of debt.  REVIC’s support operations include vitalization of businesses through purchase of loans extended by financial institutions to the said enterprises and other measures, and activities to vitalize local economies such as management of companies limited operating limited partnerships for investment that supply a fund for revitalization of local economies.
3.Officers

Total Staff 166 (as of July 1, 2013)

[as of June 28, 2013]
Toshio Seya President and Representative Director
Nobuyoshi Imai Representative Director and COO
Koichi Sakurada Senior Managing Director
Gaku Suzuki Senior Managing Director
Jun Watanabe Senior Managing Director
Hideki Matsushima Non-Executive Director
Makoto Ito Non-Executive Director
Toshio Nakamura Non-Executive Director
Kuniko Nishikawa Non-Executive Director
Junji Ota Auditor(part time)
Tsuyoshi Takagi Auditor(part time)
Koichi Masuda Auditor(part time)
4.Location Otemachi Building, 9F 1-6-1 Otemachi, Chiyoda-ku, Tokyo, Japan
5.Homepage http://www.revic.co.jp/

Corporation for Revitalizing Earthquake-Affected Business

In February 2012, DICJ established Corporation for Revitalizing Earthquake-Affected Business (capitalization of ¥18,527 million for DICJ, taking a 93% stake) with Agricultural and Fishery Cooperative Savings Insurance Corporation in accordance with the provisions of Article 47 of the Act on the Corporation for Revitalizing Earthquake-Affected Business. DICJ later increased its investment in Corporation for Revitalizing Earthquake-Affected Business.

Corporation for Revitalizing Earthquake-Affected Business will provide support for revitalization of enterprises which have got overextended with debt by suffering damage from the Great East Japan Earthquake and ensure the rehabilitation of their business in the area, by reducing burden of debt through purchasing loans from financial institutions and others.

Corporation for Revitalizing Earthquake-Affected Business
1. Establishment February 22, 2012
Capital: ¥19,982 million (Capitalization of ¥18,668 million for DICJ, 93.4%)
2.Purpose Corporation for Revitalizing Earthquake-Affected Business seeks to maintain the economic activity in the disaster area and to facilitate the reconstruction by preventing the outflow of industries and population from the area toward the outside. In order to accomplish these objectives, Corporation for Revitalizing Earthquake-Affected Business will provide support for revitalization of local businesses, reducing the burden of debt, in cooperation with financial institutions and local governments through such operations as purchase of loans extended by financial institutions to the enterprises which have got overextended with debt by suffering damage from the Great East Japan Earthquake and ensure the rehabilitation of their business in the area.
3.Officers Total Staff 119 (as of July 1, 2013)
[as of June 27, 2013]
Norito Ikeda President and Representative Director
Tatsuya Aranami Senior Managing Director and Representative Director
Takao Matsuzaki Managing Director
Shigehiro Yonemori Managing Director
Hideki Matsushima Outside Director
Kumi Fujisawa Outside Director
Satoshi Seino Outside Director
Yuki Kawachi Auditor (part time)
Michiko Tomonaga Auditor (part time)
4.Location
Sendai head office Sendai Dai-ichi Seimei Tower Building
4-6-1 Ichibancho, Aoba-ku, Sendai-shi, Miyagi, Japan
Tokyo head office Marunouchi Mitsui Building
2-2-2 Marunouchi, Chiyoda-ku, Tokyo, Japan
5.Homepage
[Japanese only]
http://www.shien-kiko.co.jp/

Specific bridge companies (five companies)

In May 2014, the Deposit Insurance Corporation of Japan (DICJ) established five specific bridge companies (see below), including the First Specific Bridge Company of Japan, in response to the Financial Services Agency Commissioner’s decision to the effect that “the DICJ should establish, as its subsidiaries, five specific bridge companies that implement such operations as taking over businesses for the purpose of the transfer of debts from financial institutions under special oversight, etc. based on Article 126-34, paragraph (1) of the Deposit Insurance Act.”

The establishment of the specific bridge companies follows the recent effectuation (March 2014) of the revised Deposit Insurance Act, which puts in place measures concerning the orderly resolution of assets and liabilities of financial institutions, etc.

The First Specific Bridge Company of Japan
1. Establishment June 2, 2014
Capital: ¥4 million (100% subsidiary of the DICJ)
2.Purpose The purpose of the First Specific Bridge Company of Japan is: to take over business operations or debts relating to the transfer of specific businesses of financial institutions under special oversight, etc. through the transfer of businesses or debts, mergers, or company split, and to provisionally continue the business operations or facilitate debt repayment.
3.Officers Total Staff 2 (as of June 2, 2014)

[as of June 2, 2014]
Kiyoshi Saito Director
4.Location 1-12-1 Yurakucho, Chiyoda-ku, Tokyo, Japan
The Second Specific Bridge Company of Japan
1. Establishment June 2, 2014
Capital: ¥4 million (100% subsidiary of the DICJ)
2.Purpose The purpose of the Second Specific Bridge Company of Japan is: to take over business operations or debts relating to the transfer of specific businesses of financial institutions under special oversight, etc. through the transfer of businesses or debts, mergers, or company split, and to provisionally continue the business operations or facilitate debt repayment.
3.Officers Total Staff 2 (as of June 2, 2014)

[as of June 2, 2014]
Kiyoshi Saito Director
4.Location 1-12-1 Yurakucho, Chiyoda-ku, Tokyo, Japan
The Third Specific Bridge Company of Japan
1. Establishment June 2, 2014
Capital: ¥4 million (100% subsidiary of the DICJ)
2.Purpose The purpose of the Third Specific Bridge Company of Japan is: to take over business operations or debts relating to the transfer of specific businesses of financial institutions under special oversight, etc. through the transfer of businesses or debts, mergers, or company split, and to provisionally continue the business operations or facilitate debt repayment.
3.Officers Total Staff 2 (as of June 2, 2014)

[as of June 2, 2014]
Kiyoshi Saito Director
4.Location 1-12-1 Yurakucho, Chiyoda-ku, Tokyo, Japan
The Fourth Specific Bridge Company of Japan
1. Establishment June 2, 2014
Capital: ¥4 million (100% subsidiary of the DICJ)
2.Purpose The purpose of the Fourth Specific Bridge Company of Japan is: to take over business operations or debts relating to the transfer of specific businesses of financial institutions under special oversight, etc. through the transfer of businesses or debts, mergers, or company split, and to provisionally continue the business operations or facilitate debt repayment.
3.Officers Total Staff 2 (as of June 2, 2014)

[as of June 2, 2014]
Norimitsu Takada Director
4.Location 1-12-1 Yurakucho, Chiyoda-ku, Tokyo, Japan
The Fifth Specific Bridge Company of Japan
1. Establishment June 2, 2014
Capital: ¥4 million (100% subsidiary of the DICJ)
2.Purpose The purpose of the Fifth Specific Bridge Company of Japan is: to take over business operations or debts relating to the transfer of specific businesses of financial institutions under special oversight, etc. through the transfer of businesses or debts, mergers, or company split, and to provisionally continue the business operations or facilitate debt repayment.
3.Officers Total Staff 2 (as of June 2, 2014)

[as of June 2, 2014]
Norimitsu Takada Director
4.Location 1-12-1 Yurakucho, Chiyoda-ku, Tokyo, Japan
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