February 7, 2024

Mitsubishi Materials Corporation

Notice Regarding the Execution of the Transition-Linked Loan

Mitsubishi Materials Corporation ("MMC") established the Transition-Linked Finance Framework ("the framework") in November 2023 to promote our efforts to achieve carbon neutrality, and has been preparing to execute the Transition-Linked Loan based on the framework. (*1) Today, MMC concluded a financing agreement totaling ¥20 billion through the Transition-Linked Loan as follows. The performance-linked interest subsidies program (financial support for promoting the transition toward achieving a carbon-neutral economy) will be applied for the loan, and MMC was already selected as a recipient of the Ministry of Economy, Trade and Industry (METI)'s FY2023 subsidy for global warming countermeasures promotion project.
MMC will promote our efforts to achieve carbon neutrality by utilizing the funds raised.

Press release on November 1, 2023: "Established the Transition-Linked Finance Framework"

Overview of the Transition-Linked Loan
Loan Amount
¥20 billion
Execution Date
February 13, 2024
GHG emission reduction rate for Scope 1 and Scope 2
SPT (*2)
45% reduction of Scope 1 and 2 GHG emissions by FY March 2031
(Base year: FY March 2021)(*3)
MUFG Bank, Ltd.
Mizuho Bank, Ltd.
MUFG Bank, Ltd. / Mizuho Bank, Ltd. / Development Bank of Japan Inc. / The Norinchukin Bank / The Hachijuni Bank, Ltd. / The Chiba Bank, Ltd. / THE TOHO BANK, LTD.
Structuring Agent
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
External Review
Japan Credit Rating Agency, Ltd.
Loan Characteristics
An interest subsidy of up to 0.2% will be granted by the government if the SPT is achieved
Sustainability Performance Target. Set targets to be achieved with respect to key performance indicators(KPIs)
Based on the METI's performance-linked interest subsidies program, multiple SPTs have been set over the loan period

<Contact details for inquiries>

Corporate Communications Dept., Strategic Headquarters: +81-3-5252-5206


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