Yamanishi Shipyard has won a ¥20bn ($248m) rescue package almost a year after it was destroyed by the Japanese earthquake and tsunami in March 2011.
The deal has been arranged by the government-backed Enterprise Turnaround Initiative Corporation, set up to help local businesses recover from the disaster.
It involves around ¥8.1bn of debt forgiveness from Yamanishi’s main lender, the 77 Bank, and a consortium of other creditors.
