Interest Rate Hike Risk on Interest-Bearing Debt

「Borrowings increased by ¥105 million because the increase in borrowings at the time of refinancing exceeded scheduled repayments.」

「The ¥387.3 million in borrowings recorded as current liabilities at the end of the third quarter had already been refinanced with ultra-long-term borrowings, with a term of approximately 18 years.」

「Borrowings increased by ¥10.9 million as a result of ¥400 million in new borrowings and ¥290 million in scheduled repayments」

「Borrowings decreased by ¥7.9 million as a result of ¥200 million in new borrowings and ¥279 million in scheduled repayments.」

「Of the borrowing portfolio, 98% was at fixed rates, and approximately 60% was long-term fixed-rate borrowing with maturities of 10 years or more (as of 31 March 2024).」

「Fixed liabilities were ¥1,096.5 million, down ¥314.7 million from the end of the previous fiscal year. The main factor was a ¥321.0 million decrease in long-term borrowings due to scheduled repayments and reclassification to current liabilities.」

「Total liabilities were ¥15,445 million, down ¥197 million from the end of the previous fiscal year. Current liabilities were ¥4,386 million, up ¥2,856 million. The main factor was a ¥2,845 million increase in short-term borrowings as borrowings due for repayment within one year were reclassified from non-current to current liabilities. Non-current liabilities were ¥11,059 million, down ¥3,053 million. The main factors were a ¥3,122 million decrease in long-term borrowings due to scheduled repayments and reclassification to current liabilities, and a ¥62 million increase in other non-current liabilities due to new lease agreements and other factors.」

「The main factor was a ¥289.7 million increase in short-term borrowings, to ¥345.8 million, resulting from reclassifying borrowings due within one year from fixed liabilities to current liabilities. Fixed liabilities were ¥1,116.0 million, down ¥295.2 million from the end of the previous fiscal year. The main factors were a ¥303.7 million decrease in long-term borrowings, to ¥687.7 million, due to scheduled repayments and the reclassification to current liabilities,」

「The Group's interest-bearing debt balance was ¥1,051.5 million at the end of the current fiscal year, mainly due to construction work for the commercial facility Santomoon Kakita River and other factors. If market interest rates rise in the future, the Group's earnings and other results may be adversely affected.」

「In this context, to hedge interest-rate rise risk, we considered it desirable to fix the interest rates on long-term borrowings, even allowing for a certain increase in interest expense, and had fixed most of the interest rates on long-term borrowings from financial institutions as of the end of December 2022.」

「Liabilities were ¥15,853 million, compared with ¥16,466 million at the end of the previous fiscal year, a decrease of ¥613 million, or 3.7%. The main factors were a ¥118 million decrease in notes and accounts payable due to payments of trade payables and other factors, and a ¥303 million decrease in short- and long-term borrowings due to scheduled repayments.」

「Liabilities were ¥16,037 million, compared with ¥16,466 million at the end of the previous fiscal year, a decrease of ¥429 million, or 2.6%. The main factors were a ¥137 million decrease in notes and accounts payable due to payments of trade payables and other factors, and a ¥151 million decrease in borrowings due to scheduled repayments.」

「The Group's interest-bearing debt balance was ¥1,094.5 million at the end of the current fiscal year, mainly due to construction work for the commercial facility Santomoon Kakita River and other factors. If market interest rates rise in the future, the Group's earnings and other results may be adversely affected.」

「Liabilities were ¥16,850 million, compared with ¥17,293 million at the end of the previous fiscal year, a decrease of ¥443 million, or 2.6%. The main factor was a ¥455 million decrease in borrowings due to scheduled repayments.」

「Liabilities were ¥16,555 million, compared with ¥17,293 million at the end of the previous fiscal year, a decrease of ¥738 million, or 4.3%. The main factors were decreases of ¥133 million in notes and accounts payable due to payments of trade payables and other factors, ¥217 million in other current liabilities due to consumption tax payments and the return of deposits received from some tenants, and ¥303 million in long-term borrowings due to scheduled repayments.」

「Liabilities were ¥16,754 million, compared with ¥17,293 million at the end of the previous fiscal year, a decrease of ¥539 million, or 3.1%. The main factors were decreases of ¥179 million in notes and accounts payable due to payments of trade payables and other factors, ¥144 million in other current liabilities due to consumption tax payments and other factors, and ¥151 million in long-term borrowings due to scheduled repayments.」

「For the Group, interest-bearing debt at the end of the fiscal year stood at ¥11.575 billion, reflecting construction work for the commercial facility “サントムーン柿田川,” among other factors. If market interest rates rise in the future, the Group's performance and other aspects of its business may be adversely affected.」

「Liabilities stood at ¥17.329 billion, compared with ¥17.953 billion at the end of the previous fiscal year, a decrease of ¥624 million, or 3.5%, from the end of the previous fiscal year.」

「Liabilities stood at ¥17.498 billion, compared with ¥17.953 billion at the end of the previous fiscal year, a decrease of ¥455 million, or 2.5%, from the end of the previous fiscal year. The main factors were decreases of ¥113 million in notes and accounts payable due to payments of trade payables and other obligations, ¥84 million in short-term borrowings due to repayment of contractual principal, and ¥67 million in long-term borrowings.」

「For the Group, interest-bearing debt at the end of the fiscal year stood at ¥12.205 billion, reflecting construction work for the commercial facility “サントムーン柿田川,” among other factors. If market interest rates rise in the future, the Group's performance and other aspects of its business may be adversely affected.」

「Liabilities were ¥18,135 million, compared with ¥16,544 million at the end of the previous fiscal year, an increase of ¥1,591 million, or 9.6%. The main factors were a ¥1,766 million decrease in short-term borrowings and a ¥3,333 million increase in long-term borrowings.」

「Liabilities were ¥18,480 million, compared with ¥16,544 million at the end of the previous fiscal year, an increase of ¥1,936 million, or 11.7%. The main factors were a ¥1,766 million decrease in short-term borrowings and a ¥3,485 million increase in long-term borrowings.」

「Liabilities were ¥16,901 million, compared with ¥16,544 million at the end of the previous fiscal year, an increase of ¥356 million, or 2.2%. The main factors were a ¥69 million decrease in notes and accounts payable, a ¥497 million increase in short-term borrowings, a ¥28 million decrease in provisions for shareholder benefit programs, and a ¥19 million decrease in long-term borrowings.」

「For the Group, interest-bearing debt at the end of the fiscal year stood at ¥10.812 billion, reflecting construction work for the commercial facility “サントムーン柿田川,” among other factors. If market interest rates rise in the future, the Group's performance and other aspects of its business may be adversely affected.」

「Interest-bearing debt at the end of the fiscal year stood at ¥9.020 billion. If market interest rates rise in the future, the Group's performance and other aspects of its business may be adversely affected.」

「Interest-bearing debt at the end of the fiscal year stood at ¥9.324 billion. If market interest rates rise in the future, the Group's performance and other aspects of its business may be adversely affected.」

「For the Group, interest-bearing debt at the end of the fiscal year stood at ¥9.135 billion, reflecting the development of Phase 2 and Phase 3 of the commercial facility “サントムーン柿田川,” among other factors. If market interest rates rise in the future, the Group's performance and other aspects of its business may be adversely affected.」