Overview of Borrowings and Bonds

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As of February 28, 2021

  Feb.
2019
Aug.
2019
Feb.
2020
Aug.
2020
Feb.
2021
Total interest-bearing 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
Fixed-interest debt ratio (%)(note3) 93.1 90.2 89.8 89.8 90.4
Duration of Interest-bearing 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 Interest-bearing debt is rounded down to the nearest whole number.
  • LTV (based on total assets) is calculated by dividing outstanding interest-bearing debt as of each period by total assets as of the same time. The figure is rounded to the nearest first decimal place.
  • "Fixed-interest debt ratio" is obtained by dividing Fixed-interest debts outstanding (including interest-bearing debts which were rate-fixed through interest rate swap) as of each period by interest-bearing debts outstanding as of the same period. Figures are rounded to the first decimal place.
  • "Duration of Interest-bearing debt" is based on the weighted average of the remaining period from the specified point of each interest-bearing debt to its repayment date or maturity date based on the balance of outstanding interest-bearing debt as of the specified point. Figures are rounded to the first decimal place.
  • "Average interest rate on fund procurement" represents the weighted-average 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 interest-rate swap agreements to hedge against interest rate fluctuation risk, the company used weighted-average interest rates adjusted for the effect of relevant interest-rate 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 interest-bearing debt” of the period, and is rounded to the nearest second decimal place.
  • "Debts outstanding by repayment term" indicates the distribution of OJR's interest-bearing 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.