Overview of Borrowings and Bonds
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 Overview of Borrowings and Bonds
As of February 28, 2021
Feb. 2019 
Aug. 2019 
Feb. 2020 
Aug. 2020 
Feb. 2021 


Total interestbearing debt (million yen)  288,017  291,917  292,037  290,917  297,717 
LTV(based on total assets) (%)^{（note2）}  42.7  43.1  42.9  42.9  43.5 
Fixedinterest debt ratio (%)^{（note3）}  93.1  90.2  89.8  89.8  90.4 
Duration of Interestbearing debt (year)^{（note4）}  4.1  3.9  4.0  4.1  4.1 
Average interest rate on fund procurement (%)^{（note5）}  0.78  0.71  0.68  0.65  0.61 
Average Financing Cost（％）^{（note6）}  0.94  0.88  0.83  0.81  0.76 
Debt Outstanding by Repayment Term
（million yen）
Debts outstanding by repayment term (million yen)^{（note7）}
As of February 28, 2021
Aug. 2021 
Feb. 2022 
Aug. 2022 
Feb. 2023 
Aug. 2023 
Feb. 2024 
Aug. 2024 
Feb. 2025 
Aug. 2025 
Feb. 2026 

15,590  19,840  23,930  18,500  27,750  16,338  20,770  14,350  20,250  14,000 
Aug. 2026 
Feb. 2027 
Aug. 2027 
Feb. 2028 
Aug. 2028 
Feb. 2029 
Aug. 2029 
Feb. 2030 
Aug. 2030 
Feb. 2031 
12,897  11,175  16,000  16,750  13,710  11,307  1,500  5,060  4,500  8,500 
Feb. 2035 
Aug. 2035 

3,000  2,000 
 All figures for Interestbearing debt is rounded down to the nearest whole number.
 LTV (based on total assets) is calculated by dividing outstanding interestbearing debt as of each period by total assets as of the same time. The figure is rounded to the nearest first decimal place.
 "Fixedinterest debt ratio" is obtained by dividing Fixedinterest debts outstanding (including interestbearing debts which were ratefixed through interest rate swap) as of each period by interestbearing debts outstanding as of the same period. Figures are rounded to the first decimal place.
 "Duration of Interestbearing debt" is based on the weighted average of the remaining period from the specified point of each interestbearing debt to its repayment date or maturity date based on the balance of outstanding interestbearing debt as of the specified point. Figures are rounded to the first decimal place.
 "Average interest rate on fund procurement" represents the weightedaverage interest rate (annual rate) at the end of each period. Figures are rounded to the second decimal place. With regard to the average interest rate on the portion of borrowings for which the company concluded interestrate swap agreements to hedge against interest rate fluctuation risk, the company used weightedaverage interest rates adjusted for the effect of relevant interestrate swaps.
 “Average financing cost” is the annualized figure calculated by dividing “the sum of interest expenses, interest on investment corporation bonds, financing related expenses (excluding early repayment related expenses and commitment line agreement related expense) and depreciation of investment corporation bonds issuance costs,” in the statements of income, by “the average outstanding total interestbearing debt” of the period, and is rounded to the nearest second decimal place.
 "Debts outstanding by repayment term" indicates the distribution of OJR's interestbearing debt that will become due at the end of each fiscal period listed above as of February 28, 2021 and is rounded down to the nearest whole number.