Borrowings & Bonds

Borrowings

As of Feb. 29, 2024

Term Lender Amount
(million yen)
Interest
Rate
Borrowing
Date
Repayment
Date
Repayment
Method
Remarks
 
 
   
9year 11month MUFG Bank, Ltd.,
Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation
3,410 1.04200%
(Note 1)
Feb. 3, 2015 Jan. 31, 2025 Bullet Repayment Unsecured
Unguaranteed
9year Development Bank of Japan Inc.,
MUFG Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited
5,000 0.61950%
(Note 1)
Mar. 23, 2016 Mar. 31, 2025 Bullet Repayment Unsecured
Unguaranteed
8year MUFG Bank, Ltd.,
Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation
3,190 0.46655% Aug. 1, 2016 Jul. 31, 2024 Bullet Repayment Unsecured
Unguaranteed
10year MUFG Bank, Ltd.,
Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation
4,950 0.65518% Aug. 1, 2016 Jul. 31, 2026 Bullet Repayment Unsecured
Unguaranteed
8year 11month MUFG Bank, Ltd.,
Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation
5,000 0.79571% Feb. 2, 2017 Jan. 30, 2026 Bullet Repayment Unsecured
Unguaranteed
9year MUFG Bank, Ltd.,
Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation
3,150 0.77571% Sep. 29, 2017 Sep. 30, 2026 Bullet Repayment Unsecured
Unguaranteed
6year 11month MUFG Bank, Ltd.,
Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation
2,860 0.65428% Feb. 2, 2018 Jan. 31, 2025 Bullet Repayment Unsecured
Unguaranteed
7year MUFG Bank, Ltd.,
Mizuho Bank,Ltd.,
Sumitomo Mitsui Banking Corporation
4,650 0.62188% Mar. 30, 2018 Mar. 31, 2025 Bullet Repayment Unsecured
Unguaranteed
8year Resona Bank, Limited 1,000 0.73497% Aug. 31, 2018 Aug. 31, 2026 Bullet Repayment Unsecured
Unguaranteed
8year 6month Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation,
MUFG Bank, Ltd.
2,200 0.85667% Sep. 25, 2018 Mar. 31, 2027 Bullet Repayment Unsecured
Unguaranteed
6year Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
2,330 0.39950%
(Note 1)
Jan. 31, 2019 Jan. 31, 2025 Bullet Repayment Unsecured
Unguaranteed
6year Development Bank of Japan Inc. 670 0.49994% Jan. 31, 2019 Jan. 31, 2025 Bullet Repayment Unsecured
Unguaranteed
7year Shinkin Central Bank,
The Norinchukin Bank,
The Bank of Fukuoka,Ltd.,
Mizuho Trust & Banking Co.,Ltd.
2,100 0.42850%
(Note 1)
Mar. 20, 2019 Mar. 31, 2026 Bullet Repayment Unsecured
Unguaranteed
6year 6month Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
3,500 0.45215%
(Note 1)
Mar. 25, 2019 Sep. 30, 2025 Bullet Repayment Unsecured
Unguaranteed
8year 6month Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
3,395 0.60810%
(Note 1)
Mar. 25, 2019 Sep. 30, 2027 Bullet Repayment Unsecured
Unguaranteed
7year 5month Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation,
MUFG Bank, Ltd.
2,100 0.54500%
(Note 1)
Apr. 5, 2019 Sep. 30, 2026 Bullet Repayment Unsecured
Unguaranteed
7year 5month Development Bank of Japan Inc. 700 0.57826% Apr. 5, 2019 Sep. 30, 2026 Bullet Repayment Unsecured
Unguaranteed
8year 6month Development Bank of Japan Inc. 1,350 0.54693% Sep. 30, 2019 Mar. 31, 2028 Bullet Repayment Unsecured
Unguaranteed
8year 5month Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation,
MUFG Bank, Ltd.
3,000 0.47366% Mar. 2, 2020 Aug. 31, 2028 Bullet Repayment Unsecured
Unguaranteed
6year 5month The 77 Bank, Ltd.
Shinkin Central Bank
The Norinchukin Bank
The Bank of Fukuoka, Ltd.
Mizuho Trust & Banking Co., Ltd.
2,300 0.46156% Mar. 31, 2020 Sep. 30, 2026 Bullet Repayment Unsecured
Unguaranteed
9year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited, MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
3,700 0.67532% Jun. 30, 2020 Jun. 30, 2029 Bullet Repayment Unsecured
Unguaranteed
9year Development Bank of Japan Inc.
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.,
4,000 0.56815% Sep. 29, 2020 Sep. 29, 2029 Bullet Repayment Unsecured
Unguaranteed
9year Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
2,800 0.57308% Sep. 30, 2020 Sep. 30, 2029 Bullet Repayment Unsecured
Unguaranteed
10year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
5,500 0.68068% Jan. 29, 2021 Jan. 29, 2031 Bullet Repayment Unsecured
Unguaranteed
6year Development Bank of Japan Inc.,
Sumitomo Mitsui Trust Bank,Limited,
Kiraboshi Bank, Ltd.,
Mizuho Bank, Ltd.,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
4,925 0.40488% Mar. 31, 2021 Mar. 31, 2027 Bullet Repayment Unsecured
Unguaranteed
7year The 77 Bank, Ltd.
Daishi Hokuetsu Bank, Ltd.
The Nishi-Nippon City Bank, Ltd.
The Higo Bank, Ltd
2,000 0.42632% Mar. 31, 2021 Mar. 31, 2028 Bullet Repayment Unsecured
Unguaranteed
6year The Bank of Fukuoka, Ltd.
The 77 Bank, Ltd.
Daishi Hokuetsu Bank, Ltd.
The Nishi-Nippon City Bank, Ltd.
2,000 0.39270% Oct. 29, 2021 Oct. 29, 2027 Bullet Repayment Unsecured
Unguaranteed
7year 6month The Norinchukin Bank
Resona Bank, Limited
2,000 0.47703% Oct. 29, 2021 Apr. 30, 2029 Bullet Repayment Unsecured
Unguaranteed
6year Mizuho Trust &Banking Co., Ltd.
The Norinchukin Bank
The Bank of Fukuoka, Ltd.
The 77 Bank, Ltd.
Daishi Hokuetsu Bank, Ltd.
5,500 0.42000% Jan. 31, 2022 Jan. 31, 2028 Bullet Repayment Unsecured
Unguaranteed
8year Development Bank of Japan Inc.
Mizuho Bank, Ltd.
Sumitomo Mitsui Trust Bank, Limited
MUFG Bank, Ltd.
Sumitomo Mitsui Banking Corporation
3,300 0.58600% Jan. 31, 2022 Jan. 31, 2030 Bullet Repayment Unsecured
Unguaranteed
2year Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
2,800 Basic interest rate +0.15%
(Note 2)
Mar. 31, 2022 Mar. 31, 2024 Bullet Repayment Unsecured
Unguaranteed
8year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
Sumitomo Mitsui Banking Corporation,
MUFG Bank, Ltd.
3,000 0.70725% Apr. 4, 2022 Apr. 4, 2030 Bullet Repayment Unsecured
Unguaranteed
8year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
5,000 0.90850% Jun. 30, 2022 Jun. 30, 2030 Bullet Repayment Unsecured
Unguaranteed
7year Shinkin Central Bank,
Daishi Hokuetsu Bank, Ltd.,
Mizuho Trust &Banking Co., Ltd.,
The 77 Bank, Ltd.,
The Nishi-Nippon City Bank, Ltd.
4,000 0.76500% Jul. 1, 2022 Jul. 1, 2029 Bullet Repayment Unsecured
Unguaranteed
8year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
3,150 0.95725% Sep. 30, 2022 Sep. 30, 2030 Bullet Repayment Unsecured
Unguaranteed
8year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
2,600 0.92600% Nov. 25, 2022 Nov. 25, 2030 Bullet Repayment Unsecured
Unguaranteed
9year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited,
MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
3,410 1.36625% Jan. 31, 2023 Jan. 31, 2032 Bullet Repayment Unsecured
Unguaranteed
8year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited., MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
3,680 0.95225% Mar. 29, 2023 Mar. 29, 2031 Bullet Repayment Unsecured
Unguaranteed
5year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited., MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation.
2,000 0.66250% Mar. 31, 2023 Mar. 31, 2028 Bullet Repayment Unsecured
Unguaranteed
5year Shinkin Central Bank,
The Norinchukin Bank,
The Bank of Fukuoka, Ltd.,
Mizuho Trust & Banking Co., Ltd.
4,900 0.61750% Mar. 31, 2023 Mar. 31, 2028 Bullet Repayment Unsecured
Unguaranteed
5year 6month Daishi Hokuetsu Bank, Ltd. 1,000 0.70573% Apr. 4, 2023 Oct. 4, 2028 Bullet Repayment Unsecured
Unguaranteed
1year Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited.,
MUFG Bank, Ltd.
3,800 Basic interest rate+0.20%
(Note 2)
Apr. 5, 2023 Apr. 5, 2024 Bullet Repayment Unsecured
Unguaranteed
2year Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited.,
MUFG Bank, Ltd.
1,500 Basic interest rate+0.15%
(Note 2)
Apr. 5, 2023 Apr. 5, 2025 Bullet Repayment Unsecured
Unguaranteed
8year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited., MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation.
2,500 0.95725% Jul. 31, 2023 Jul. 31, 2031 Bullet Repayment Unsecured
Unguaranteed
6year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited., MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation.
2,330 0.91000% Aug. 31, 2023 Aug. 31, 2029 Bullet Repayment Unsecured
Unguaranteed
2year Resona Bank, Limited 800 Basic interest rate+0.13%
(Note 2)
Sep. 29, 2023 Sep. 29, 2025 Bullet Repayment Unsecured
Unguaranteed
1year Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited.,
MUFG Bank, Ltd.
999 Basic interest rate+0.30%
(Note 2)
Dec. 13, 2023 Dec. 13, 2024 Bullet Repayment Unsecured
Unguaranteed
2year Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited.,
MUFG Bank, Ltd.
1,200 Basic interest rate+0.1425%
(Note 2)
Dec. 21, 2023 Dec. 21, 2025 Bullet Repayment Unsecured
Unguaranteed
6year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited., MUFG Bank, Ltd.
2,840 1.01750% Jan. 31, 2024 Jan. 31, 2030 Bullet Repayment Unsecured
Unguaranteed
7year Taiyo Life Insurance Company 500 1.09750% Jan. 31, 2024 Jan. 31, 2031 Bullet Repayment Unsecured
Unguaranteed
7year Nippon Life Insurance Company(Note 4) 500 1.09750% Jan. 31, 2024 Jan. 31, 2031 Bullet Repayment Unsecured
Unguaranteed
8year Development Bank of Japan Inc.,
Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited., MUFG Bank, Ltd.
2,400 1.2135% Feb. 29, 2024 Feb. 29, 2032 Bullet Repayment Unsecured
Unguaranteed
Total 147,489 - - - - -
  • The loan has a floating interest rate, but an interest rate swap agreement has been concluded. Therefore, the interest rate after the swap has taken place (fixation of interest rate) is stated.
  • The base rate used for the calculation period for interest to be paid on interest payment dates is the 1-month Yen TIBOR announced by JBA TIBOR Administration(JBATA) , two business days before the latest interest payment date prior to each interest payment date.
    For changes in the yen TIBOR of the JBA, the base rate, please check the website of JBATA.
    (http://www.jbatibor.or.jp/english/).
  • Corporate loan-related businesses of Mitsubishi UFJ Trust and Banking Corporation has been transferred to MUFG Bank, Ltd. on April 16, 2018. Accordingly, borrowings from Mitsubishi UFJ Trust and Banking Corporation have been changed or added to those from MUFG Bank, Ltd. in the table above.
  • The entire amount of the Borrowing from Nippon Life Insurance Company will be procured as a sustainability-linked loan (the "Sustainability-Linked Loan"). The Sustainability-Linked Loan is based on the "Nissay Sustainability Linked Loan Framework" developed by Nippon Life Insurance Company, which has obtained a second opinion from Rating and Investment Information, Inc. (R&I). The percentage reductions in CO2 emissions are designated as Sustainability Performance Targets (SPTs), and depending on the achievement of the SPTs, a reduced interest rate from the original borrowing rate is applied as an incentive.

Bonds

As of Jan. 31, 2024

Bond Name Issue Date Amount
(million yen)
Interest Rate Maturity Date Remarks
The Investment Corporation 3rd unsecured bonds
(with pari passu clause among specified
investment corporation bonds)
Jul. 18, 2017 2,000 0.52% Jul. 16, 2027 Unsecured,
Unguaranteed
(JCR:AA)
The Investment Corporation 5th unsecured bonds
(with pari passu clause among specified
investment corporation bonds)
Jun. 14, 2018 1,500 0.95% Jun. 14, 2033 Unsecured,
Unguaranteed
(JCR:AA)
The Investment Corporation 6th unsecured bonds
(with pari passu clause among specified
investment corporation bonds)
Jul. 18, 2019 1,000 l Jul. 18, 2024 Unsecured,
Unguaranteed
(JCR:AA)
The Investment Corporation 7th unsecured bonds
(with pari passu clause among specified
investment corporation bonds)
Jul. 18, 2019 1,500 0.90% Jul. 18, 2034 Unsecured,
Unguaranteed
(JCR:AA)
The Investment Corporation 8th unsecured bonds (green bonds)
(with pari passu clause among specified
investment corporation bonds)
Jul. 30, 2020 1,500 0.55% Jul. 30, 2030 Unsecured,
Unguaranteed
(JCR:AA)
The Investment Corporation 9th unsecured bonds
(with pari passu clause among specified
investment corporation bonds)
Jul. 8, 2021 2,000 0.18% Jul. 8, 2026 Unsecured,
Unguaranteed
(JCR:AA)
The Investment Corporation 10th unsecured bonds (green bonds)
(with pari passu clause among specified
investment corporation bonds)
Jul. 8, 2021 3,000 0.46% Jul. 8, 2031 Unsecured,
Unguaranteed
(JCR:AA)
The Investment Corporation 11th unsecured bonds
(with pari passu clause among specified
investment corporation bonds)
Jul. 8, 2021 1,600 0.73% Jul. 8, 2036 Unsecured,
Unguaranteed
(JCR:AA)
The Investment Corporation 12th unsecured bonds
(with pari passu clause among specified
investment corporation bonds)
Mar. 8, 2023 3,000 0.73% Mar. 8, 2028 Unsecured,
Unguaranteed
(JCR:AA)
Total 17,100 - - -

Commitment Line / Line of Credit Loan Agreement

  1. We have executed the 13.5 billion yen Commitment Line Agreement with Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited. and MUFG Bank, Ltd., in case it needs to raise funds to purchase assets for future investments and other purposes.
  2. In addition to the above-mentioned Commitment Line, we have executed an (uncommitted) Line of Credit Loan Agreement for a total credit line of 9 billion yen with Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited., MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation.
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