March 22, 2022 Approval for JICT’s Decision on Project Support

The Minister for Internal Affairs and Communications has today approved an application from Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services Inc. (headed by OSHIMA Amane, President & CEO) to decide support for an access control ICT service project in the United States.

1. Background

Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services Inc. (JICT) submitted an application to the Minister for Internal Affairs and Communications based on the provisions of Article 25, Paragraph 2 of the Act on the Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services (Act No. 35 of 2015). This application is to seek approval for JICT’s decision to support the access control ICT service project in the United States (the “target project”).
In response to the application, the Minister examined the content of the support and the target project according to the support standards for the Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services (MIC Notice No. 412 of 2015) and has confirmed that the project meets the support standards. Accordingly, the Minister has today approved the application as requested.

2. Target project

JICT, together with Kozo Keikaku Engineering, Inc., will participate in the access control ICT service project led by LockState, Inc., which provides key locking control services using ICT in more than 65 countries, including the United States, and will invest 3 million US dollars in the project.
The target project is to establish and operate an access control ICT service for providing remote control of locking and unlocking using cloud-based software and monitoring and managing the status of use.

[Outline]

Target project: Access control ICT service project
Country: The United States
Approved amount of support by JICT: Up to 3 million US dollars (investment by JICT to be executed in March 2022)
Investor in Japan: Kozo Keikaku Engineering, Inc.