Borrowings

As of February 29, 2024

Short-Term Borrowings
¥ 6,000million
Long-term Borrowings
(current portion)
¥ 24,133million
Long-term Borrowings
¥ 140,983million

Total Borrowings
¥ 171,116million

Short-Term Borrowings

Lender Balance
(Millions of Yen)
Interest
Rate
Fixed/
Floating
Drawdown Date Repayment Date Remarks
Mizuho Bank, Ltd. 2,300 Base rate of interest (JBA one-month
Japanese Yen TIBOR) + 0.20%
Floating December 1, 2023 November 29, 2024 Unsecured
Unguaranteed
Mizuho Bank, Ltd. 3,700 Base rate of interest (JBA one-month
Japanese Yen TIBOR) + 0.20%
Floating December 22, 2023 December 20, 2024 Unsecured
Unguaranteed

Long-term Borrowings

Lender Balance
(Millions of Yen)
Interest
Rate
Fixed/
Floating
Drawdown Date Repayment Date Remarks
Development Bank of Japan Inc. 1,900 1.17375%
(Note 1)
Fixed February 27, 2015 August 30, 2024 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
500 1.46000%
(Note 1)
Fixed February 27, 2015 February 28, 2025 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
300 1.75000%
(Note 1)
Fixed February 27, 2015 February 26, 2027 Unsecured
Unguaranteed
Meiji Yasuda Life Insurance Company 500 0.59322% Fixed February 29, 2016 August 30, 2024 Unsecured
Unguaranteed
Mizuho Bank, Ltd.,
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
500 0.72750%
(Note 1)
Fixed February 29, 2016 February 28, 2025 Unsecured
Unguaranteed
Mizuho Bank, Ltd. 1,754 0.780% Fixed February 7, 2017 August 30, 2024 Unsecured
Unguaranteed
Development Bank of Japan Inc. 969 0.850% Fixed February 7, 2017 February 28, 2025 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
Sumitomo Mitsui Trust Bank, Limited
The Norinchukin Bank
Resona Bank, Limited.
Shinkin Central Bank
SBI Shinsei Bank, Limited
5,400 0.59128%
(Note 2)
Fixed August 31, 2017 August 30, 2024 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
Development Bank of Japan Inc.
Sumitomo Mitsui Trust Bank, Limited
The Norinchukin Bank
Resona Bank, Limited.
Shinkin Central Bank
SBI Shinsei Bank, Limited
6,990 0.65738%
(Note 2)
Fixed August 31, 2017 February 28, 2025 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
Development Bank of Japan Inc.
Aozora Bank, Ltd
Meiji Yasuda Life Insurance Company
Nippon Life Insurance Company
5,000 0.72461%
(Note 2)
Fixed August 31, 2017 August 29, 2025 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
Sumitomo Mitsui Trust Bank, Limited
The Norinchukin Bank
Resona Bank, Limited.
SBI Shinsei Bank, Limited
1,340 0.41330%
(Note 1)
Fixed February 7, 2019 February 28, 2025 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Development bank of Japan Inc.
Aozora Bank, Ltd.
2,300 0.57000% Fixed February 7, 2019 August 29, 2025 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
Mizuho Trust & Banking Co., Ltd.
Sumitomo Mitsui Trust Bank, Limited
The Norinchukin Bank
Resona Bank, Limited.
SBI Shinsei Bank, Limited
9,150 0.48000%
(Note 1)
Fixed February 7, 2019 February 27, 2026 Unsecured
Unguaranteed
MUFG Bank, Ltd. 850 0.48000% Fixed February 7, 2019 February 27, 2026 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
Mizuho Trust & Banking Co., Ltd.
Sumitomo Mitsui Trust Bank, Limited
The Norinchukin Bank
8,470 0.58400%
(Note 1)
Fixed February 7, 2019 August 31, 2026 Unsecured
Unguaranteed
MUFG Bank, Ltd. 1,600 0.58400% Fixed February 7, 2019 August 31, 2026 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
Sumitomo Mitsui Trust Bank, Limited
The Norinchukin Bank
Resona Bank, Limited.
Shinkin Central Bank
SBI Shinsei Bank, Limited
4,580 0.42250%
(Note 1)
Fixed August 30, 2019 February 26, 2027 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
Mitsui Sumitomo Insurance Company,Limied
The 77 Bank, Ltd.
THE NISHI-NIPPON CITY BANK, LTD.
2,280 0.24450%
(Note 1)
Fixed February 28, 2020 August 30, 2024 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
The Norinchukin Bank
Shinkin Central Bank
SBI Shinsei Bank, Limited
Mitsui Sumitomo Insurance Company,Limied
2,470 0.28450%
(Note 1)
Fixed February 28, 2020 August 29, 2025 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
The Norinchukin Bank
Resona Bank, Limited.
Shinkin Central Bank
SBI Shinsei Bank, Limited
Mitsui Sumitomo Insurance Company,Limied
5,200 0.39200%
(Note 1)
Fixed February 28, 2020 February 26, 2027 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
The Norinchukin Bank
Shinkin Central Bank
SBI Shinsei Bank, Limited
6,375 0.44300%
(Note 1)
Fixed February 28, 2020 August 31, 2027 Unsecured
Unguaranteed
MUFG Bank, Ltd. 490 0.44300% Fixed February 28, 2020 August 31, 2027 Unsecured
Unguaranteed
Sumitomo Mitsui Banking Corporation 2,000 0.41450%
(Note 1)
Fixed August 31, 2020 February 28, 2025 Unsecured
Unguaranteed
Sumitomo Mitsui Banking Corporation 1,000 0.47870%
(Note 1)
Fixed August 31, 2020 August 31, 2027 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
Sumitomo Mitsui Trust Bank, Limited
The Norinchukin Bank
Resona Bank, Limited.
3,130 0.53250%
(Note 1)
Fixed August 31, 2020 February 29, 2028 Unsecured
Unguaranteed
Development bank of Japan Inc.
Aozora Bank, Ltd.
1,900 0.63462% Fixed August 31, 2020 August 31, 2028 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
1,870 0.65400%
(Note 1)
Fixed August 31, 2020 February 28, 2029 Unsecured
Unguaranteed
Sumitomo Mitsui Banking Corporation
Mitsui Sumitomo Insurance Company,Limied
2,950 0.45200%
(Note 1)
Fixed February 8, 2021 January 31, 2028 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Trust Bank, Limited
Resona Bank, Limited.
Shinkin Central Bank
SBI Shinsei Bank, Limited
The 77 Bank, Ltd.
THE NISHI-NIPPON CITY BANK, LTD.
The Gunma Bank, Ltd.
The Higo Bank, Ltd.
6,630 0.59000%
(Note 1)
Fixed February 8, 2021 February 28, 2029 Unsecured
Unguaranteed
The Norinchukin Bank
Development Bank of Japan Inc.
Aozora Bank, Ltd.
2,800 0.69000% Fixed February 8, 2021 August 31, 2029 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
4,110 0.72000%
(Note 1)
Fixed February 8, 2021 February 28, 2030 Unsecured
Unguaranteed
Sumitomo Mitsui Banking Corporation 1,790 0.42197% Fixed August 31, 2021 August 31, 2028 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
SBI Shinsei Bank, Limited
Aozora Bank, Ltd.
2,480 0.54207% Fixed August 31, 2021 August 31, 2029 Unsecured
Unguaranteed
Mizuho Bank, Ltd. 1,000 0.66457% Fixed August 31, 2021 August 30, 2030 Unsecured
Unguaranteed
Mitsui Sumitomo Insurance Company, Limited
The Bank of Fukuoka, Ltd.
1,500 0.51000% Fixed November 1, 2021 August 31, 2028 Unsecured
Unguaranteed
Resona Bank, Limited.
Shinkin Central Bank
SBI Shinsei Bank, Limited
The 77 Bank, Ltd.
The Higo Bank, Ltd.
3,300 0.63000% Fixed November 1, 2021 August 31, 2029 Unsecured
Unguaranteed
Development Bank of Japan Inc.
Aozora Bank, Ltd.
1,500 0.69000% Fixed November 1, 2021 February 28, 2030 Unsecured
Unguaranteed
Sumitomo Mitsui Banking Corporation
Mizuho Trust & Banking Co., Ltd.
Resona Bank, Limited.
2,857 0.62890%
(Note 1)
Fixed February 28, 2022 February 28, 2029 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
The Norinchukin Bank
Sumitomo Mitsui Trust Bank, Limited
2,563 0.69600%
(Note 1)
Fixed February 28, 2022 August 31, 2029 Unsecured
Unguaranteed
The Norinchukin Bank
Resona Bank, Limited.
SBI Shinsei Bank, Limited
Aozora Bank, Ltd.
(Green Loan)
1,500 0.76300%
(Note 1)
Fixed February 28, 2022 February 28, 2030 Unsecured
Unguaranteed
Sumitomo Mitsui Trust Bank, Limited
(Positive Impact Finance)
2,000 0.76300%
(Note 1)
Fixed February 28, 2022 February 28, 2030 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
(Positive Impact Finance)
2,000 0.82900%
(Note 1)
Fixed February 28, 2022 August 31, 2030 Unsecured
Unguaranteed
Resona Bank, Limited. 1,200 0.51986% Fixed March 31, 2022 August 31, 2027 Unsecured
Unguaranteed
Nippon Life Insurance Company 1,000 0.52000% Fixed March 31, 2022 February 28, 2030 Unsecured
Unguaranteed
Development Bank of Japan Inc. 2,450 0.95787% Fixed August 8, 2022 August 29, 2031 Unsecured
Unguaranteed
Mizuho Trust & Banking Co., Ltd.
Resona Bank, Limited.
974 0.58990% Fixed August 31, 2022 February 29, 2028 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
MUFG Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
1,510 0.75750% Fixed August 31, 2022 August 31, 2029 Unsecured
Unguaranteed
The Norinchukin Bank
Sumitomo Mitsui Trust Bank, Limited
1,718 0.90380% Fixed August 31, 2022 August 30, 2030 Unsecured
Unguaranteed
Sumitomo Mitsui Banking Corporation
Development Bank of Japan Inc.
914 1.04880% Fixed August 31, 2022 August 29, 2031 Unsecured
Unguaranteed
Mizuho Bank, Ltd. 1,494 1.12150% Fixed August 31, 2022 February 27, 2032 Unsecured
Unguaranteed
Resona Bank, Limited. 500 0.60328% Fixed October 28, 2022 February 29, 2028 Unsecured
Unguaranteed
SBI Shinsei Bank, Limited 500 0.60328% Fixed October 28, 2022 February 29, 2028 Unsecured
Unguaranteed
Aozora Bank, Ltd. 500 0.60328% Fixed October 28, 2022 February 29, 2028 Unsecured
Unguaranteed
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
3,510 0.597870%
(Note 2)
Fixed February 28, 2023 February 26, 2027 Unsecured
Unguaranteed
Mizuho Bank, Ltd. Mizuho Trust & Banking Co., Ltd. Sumitomo Mitsui Trust Bank, Limited Shinkin Central Bank Sompo Japan Insurance Inc. 3,116 0.78220% Fixed February 28, 2023 August 31, 2027 Unsecured
Unguaranteed
Mizuho Bank, Ltd. The Norinchukin Bank
Resona Bank, Limited.
Aozora Bank, Ltd. Mitsui Sumitomo Insurance Company, Limited
3,679 0.83630% Fixed February 28, 2023 February 29, 2028 Unsecured
Unguaranteed
MUFG Bank, Ltd.
(Green Loan)
2,190 0.90250% Fixed May 31, 2023 May 31, 2030 Unsecured
Unguaranteed
Sumitomo Mitsui Trust Bank, Limited
1,210 0.77750% Fixed August 31, 2023 August 31, 2028 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.
6,570 1.06500% Fixed August 31, 2023 August 30, 2030 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
The Norinchukin Bank
Mizuho Trust & Banking Co., Ltd.
Resona Bank, Limited.
SBI Shinsei Bank, Limited
3,040 1.15540% Fixed August 31, 2023 February 28, 2031 Unsecured
Unguaranteed
MUFG Bank, Ltd. 1,000 1.36740% Fixed February 7, 2024 February 27, 2032 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
The Norinchukin Bank
Mizuho Trust & Banking Co., Ltd.
Sumitomo Mitsui Trust Bank, Limited
Development Bank of Japan Inc.
2,438 Base interest rate
(JBA three
-months Japanese
Yen TIBOR) +
0.165%
Floating February 29, 2024 August 31, 2026 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
(Green Loan)
1,000 Base interest rate
(JBA three
-months Japanese
Yen TIBOR) +
0.170%
Floating February 29, 2024 February 29, 2028 Unsecured
Unguaranteed
Resona Bank, Limited.
(Green Loan)
1,000 Base interest rate
+ 0.210%
Floating February 29, 2024 February 28, 2029 Unsecured
Unguaranteed
Nippon Life Insurance Company
(Green Loan)
1,000 1.02375% Fixed February 29, 2024 February 28, 2030 Unsecured
Unguaranteed
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
2,477 Base interest rate
(JBA three
-months Japanese
Yen TIBOR) +
0.320%
Floating February 29, 2024 February 28, 2031 Unsecured
Unguaranteed
MUFG Bank, Ltd.
Development Bank of Japan Inc.
2,328 1.14500% Fixed February 29, 2024 February 28, 2031 Unsecured
Unguaranteed

Breakdown of Financing by Bank

Lender Balance
(Millions of Yen)
Share
1 Mizuho Bank, Ltd. 45,734 26.7%
2 Sumitomo Mitsui Banking Corporation 26,485 15.5%
3 MUFG Bank, Ltd. 15,399 9.0%
4 The Norinchukin Bank 13,053 7.6%
5 Mizuho Trust & Banking Co., Ltd. 12,780 7.5%
6 Sumitomo Mitsui Trust Bank, Limited 12,163 7.1%
7 Development Bank of Japan Inc. 11,262 6.6%
8 Resona Bank, Limited. 7,598 4.4%
9 SBI Shinsei Bank, Limited 5,280 3.1%
10 Aozora Bank, Ltd. 5,081 3.0%
11 Shinkin Central Bank 4,921 2.9%
12 Mitsui Sumitomo Insurance Company, Limited 3,500 2.0%
13 Nippon Life Insurance Company 2,230 1.3%
14 The 77 Bank, Ltd. 1,500 0.9%
15 THE NISHI-NIPPON CITY BANK, LTD. 1,000 0.6%
16 The Higo Bank, Ltd. 900 0.5%
17 Meiji Yasuda Life Insurance Company 730 0.4%
18 Sompo Japan Insurance Inc. 500 0.3%
19 The Gunma Bank, Ltd. 500 0.3%
20 The Bank of Fukuoka, Ltd. 500 0.3%
  • These are borrowings at floating interest rates, but the interest rate swap transactions are undertaken to hedge against the risk of interest rate fluctuations. The interest rates shown are therefore rates reflecting the effect of interest rate swaps (effective fixing of interest rates).
  • Interest rate indicates the weighted average rate of each syndicate of lenders.
  • Apart from the above borrowings, in anticipation of potential future funding needs, commitment line agreements existed as of February 5, 2024 with Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., Mizuho Trust & Banking Co., Ltd., SBI Shinsei Bank, Limited, Aozora Bank, Ltd. and Resona Bank, Limited with a total borrowing limit of \13.5 billion.
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