Borrowings & Bonds Infomation

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Finance Strategy

ADR's principal finance policy is to extend remaining duration, to fix interest rates and to diversify maturities of interest- bearing liabilities.
Our loan-to-value’s (LTV) guideline limits are ; 50% for appraisal LTV, 53% for total assets LTV.

Key Figures on Debts

As of January 31 2019

  • Total amount of debts

    225,918mil. yen

  • Ave. maturity

    4.9year

  • Fixed interest debt ratio

    99%

  • Avg. interest rate

    0.80%

  • Total assets LTV

    49.9%

    Appraisal LTV

    40.2%

  • Credit Ratings

    R&I
    AA-(Stable)
    JCR
    AA(Stable)

Borrowing Information

(As of September 30, 2019)

Term Lender Loan Balance
(mm yen)
Interest Rate
(%)
Drawdown
Date
Repayment
Deadline
Repay-
ment
Method
Remarks
5 years Aozora Bank, Ltd. 700 0.42
(Note1)
2014/10/31 2019/10/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
2,400 0.954
(Note1)
2012/11/20 2019/11/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years Mitsubishi UFJ Trust and Banking Corporation 1,000 1.025
(Note1)
2012/11/20 2019/11/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years The Yamaguchi Bank, Ltd. 500 0.845
(Note1)
2013/12/19 2019/12/18 Lump sum repay-ment at maturity Unsecured &Unguaranteed
1 years Sumitomo Mitsui Trust Bank, Limited 1,000 0.17727
(Note2)
2019/9/11 2020/9/11 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years Mizuho Trust & Banking
The Norinchukin Bank
2,000 1.068
(Note1)
2013/9/13 2020/9/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years Development Bank of Japan 2,200 1.23 2012/11/30 2020/11/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years Resona Bank, Limited
The Bank of Fukuoka, Ltd.
1,000 0.5665
(Note1)
2015/1/30 2021/1/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years Mizuho Bank, Ltd.
Mitsubishi UFJ Trust and Banking Corporation
Mizuho Trust & Banking
4,670 0.8943
(Note1)
2014/2/17 2021/2/16 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years The Norinchukin Bank 1,000 0.4955
(Note1)
2015/4/14 2021/4/14 Lump sum repay-ment at maturity Unsecured &Unguaranteed
3 years Sumitomo Mitsui Banking Corporation 800 0.265 2018/4/27 2021/4/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years Aozora Bank, Ltd.
Resona Bank, Limited
2,298 1.5415
(Note1)
2013/6/25 2021/6/25 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years Development Bank of Japan 2,200 1.4 2012/11/30 2021/11/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years Sumitomo Mitsui Trust Bank, Limited
MUFG Bank, Ltd.
Mizuho Bank, Ltd.
Mizuho Trust & Banking
5,800 1.07775
(Note1)
2014/2/17 2022/2/16 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years The Iyo Bank,Ltd.
The Tokyo Tomin Bank, Limited.
The 77 Bank, Ltd.
1,700 0.62075
(Note1)
2015/4/14 2022/4/14 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years The Gunma Bank, Ltd. 1,000 0.628
(Note1)
2015/5/29 2022/5/27 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years Aozora Bank, Ltd. 1,000 0.8495
(Note1)
2014/10/31 2022/10/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years Sumitomo Mitsui Banking Corporation 3,550 1.3676
(Note1)
2013/11/15 2022/11/15 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years MUFG Bank, Ltd.
Aozora Bank, Ltd.
Resona Bank, Limited
2,700 0.885
(Note1)
2015/1/30 2023/1/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years Sumitomo Mitsui Trust Bank, Limited
MUFG Bank, Ltd.
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
3,660 1.2831
(Note1)
2014/2/17 2023/2/16 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years The Yamaguchi Bank, Ltd. 500 0.72725
(Note1)
2015/4/14 2023/4/14 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years The Norinchukin Bank
Mizuho Trust & Banking
2,700 0.74725
(Note1)
2015/4/14 2023/4/14 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years Resona Bank, Limited
The Nishi - Nippon City Bank,Ltd
1,800 0.727
(Note1)
2015/8/31 2023/8/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years Development Bank of Japan 1,500 1.0175
(Note1)
2014/9/30 2023/9/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Sumitomo Mitsui Trust Bank, Limited 2,600 1.474
(Note1)
2013/11/15 2023/11/15 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years Mitsui Sumitomo Insurance Company, Limited 1,000 0.3175 2016/11/30 2023/11/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years The Norinchukin Bank
The Bank of Fukuoka, Ltd.
2,000 0.605
(Note1)
2015/12/18 2023/12/18 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Sumitomo Mitsui Trust Bank, Limited
MUFG Bank, Ltd.
1,000 1.43825
(Note1)
2014/2/17 2024/2/16 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years Mizuho Trust & Banking 1,400 0.876
(Note1)
2015/4/14 2024/4/12 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years The Iyo Bank, Ltd.
The Chugoku Bank, Ltd.
The Bank of Kyoto, Ltd.
1,300 0.2 2016/7/29 2024/7/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Development Bank of Japan 1,850 1.178
(Note1)
2014/9/30 2024/9/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years Taiyo Life Insurance Company 1,500 0.24 2016/11/30 2024/11/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years The Norinchukin Bank 1,000 0.3825 2016/11/30 2024/11/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
11 years MUFG Bank, Ltd. 500 1.59325
(Note1)
2014/2/17 2025/2/14 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years The Bank of Fukuoka, Ltd. 500 0.375 2018/2/28 2025/2/28 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Mizuho Trust & Banking 1,200 1.046
(Note1)
2015/3/19 2025/3/19 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years The Yamaguchi Bank, Ltd. 500 0.996
(Note1)
2015/4/14 2025/4/14 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Nippon Life Insurance Company 1,000 0.996
(Note1)
2015/4/14 2025/4/14 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years Sumitomo Mitsui Trust Bank, Limited 2,100 0.3788 2018/4/27 2025/4/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Development Bank of Japan 2,300 1.0379
(Note1)
2015/6/25 2025/6/25 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years The Bank of Fukuoka, Ltd. 1,000 0.26 2016/7/29 2025/7/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Sumitomo Mitsui Trust Bank, Limited 400 0.849
(Note1)
2015/9/14 2025/8/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years MUFG Bank, Ltd. 400 0.921 2015/9/14 2025/8/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years Taiyo Life Insurance Company 1,500 0.4163 2017/9/29 2025/9/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years The Norinchukin Bank 1,500 0.4488 2016/11/30 2025/11/28 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Mitsubishi UFJ Trust and Banking Corporation 1,000 0.84
(Note1)
2015/12/18 2025/12/18 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years Resona Bank, Limited 1,000 0.5038 2017/1/31 2026/1/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years MUFG Bank, Ltd. 990 0.545 2016/2/29 2026/2/28 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years MUFG Bank, Ltd. 1,000 0.5372 2016/3/24 2026/3/24 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years The Yamaguchi Bank, Ltd.
The Bank of Fukuoka, Ltd.
1,500 0.36 2016/7/29 2026/7/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years Shinsei Bank 1,000 0.4715
(Note1)
2018/7/31 2026/7/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years Mizuho Bank, Ltd. 500 0.4675 2018/7/31 2026/7/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years MUFG Bank, Ltd. 1,000 0.58 2017/1/31 2027/1/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years MUFG Bank, Ltd. 1,250 0.41 2017/1/31 2027/1/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Sumitomo Mitsui Trust Bank, Limited
Resona Bank, Limited
2,250 0.6088 2017/1/31 2027/1/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Sumitomo Mitsui Trust Bank, Limited 1,000 0.6288 2017/1/31 2027/1/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Development Bank of Japan 1,400 0.555 2017/4/25 2027/4/23 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Sumitomo Mitsui Trust Bank, Limited
Mitsubishi UFJ Trust and Banking Corporation
4,000 0.5975 2017/4/28 2027/4/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Development Bank of Japan 1,000 0.5713 2017/5/31 2027/5/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years MUFG Bank, Ltd. 500 0.51 2017/9/11 2027/8/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years The Nishi-Nippon City Bank,Ltd.
The Bank of Fukuoka,Ltd.
The Iyo Bank,Ltd.
The Bank of Kyoto,Ltd.
Shinkin Central Bank
2,500 0.55385 2017/9/11 2027/8/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Sumitomo Mitsui Trust Bank, Limited
JAPAN POST INSURANCE Co., Ltd.
1,500 0.55385 2017/9/11 2027/8/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years MUFG Bank, Ltd. 2,850 0.54 2018/2/28 2027/9/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years The Bank of Fukuoka, Ltd. 500 0.6313 2018/2/28 2028/2/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Sumitomo Mitsui Trust Bank, Limited
Mizuho Bank, Ltd.
The Yamaguchi Bank, Ltd.
Shinkin Central Bank
2,500 0.6088 2018/3/20 2028/3/17 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years MUFG Bank, Ltd. 500 0.56 2018/3/20 2028/3/17 Lump sum repay-ment at maturity Unsecured &Unguaranteed
12 years Sumitomo Mitsui Trust Bank, Limited 1,000 0.7675
(Note1)
2016/3/24 2028/3/24 Lump sum repay-ment at maturity Unsecured &Unguaranteed
12 years Sumitomo Mitsui Trust Bank, Limited 500 0.74525
(Note1)
2016/4/14 2028/3/24 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Mizuho Bank, Ltd. 1,500 0.595 2018/4/13 2028/4/13 Lump sum repay-ment at maturity Unsecured &Unguaranteed
11 years Sumitomo Mitsui Trust Bank, Limited 1,000 0.67 2017/4/25 2028/4/25 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Development Bank of Japan
The Nishi-Nippon City Bank,Ltd.
1,900 0.6625 2018/7/31 2028/7/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Nippon Life Insurance Company 1,000 0.665 2018/9/11 2028/9/11 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years The Nishi-Nippon City Bank,Ltd. 500 0.7038 2018/9/28 2028/9/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years The 77 Bank, Ltd. 500 0.7038 2018/9/28 2028/9/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Sumitomo Mitsui Trust Bank, Limited 2,200 0.63883 2018/11/30 2028/11/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years MUFG Bank, Ltd. 1,300 0.6 2018/11/30 2028/11/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Mizuho Bank, Ltd.
Mizuho Trust & Banking
2,000 0.6163 2018/11/30 2028/11/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
11 years Sumitomo Mitsui Trust Bank, Limited 890 0.69815 2018/6/29 2029/6/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years Sumitomo Mitsui Trust Bank, Limited 800 0.385 2019/6/28 2029/6/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years MUFG Bank, Ltd. 1,300 0.36 2019/6/28 2029/6/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years The Nishi-Nippon City Bank,Ltd 500 0.3075 2019/9/30 2029/9/28 Lump sum repay-ment at maturity Unsecured &Unguaranteed
2 years 6months Tokio Marine & Nichido Fire Insurance Co., Ltd. 1,000 0.20227
(Note2)
2018/5/31 2020/11/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
3 years 5months Sumitomo Mitsui Banking Corporation 2,700 0.25049 2017/6/30 2020/12/25 Lump sum repay-ment at maturity Unsecured &Unguaranteed
3 years 5months Sumitomo Mitsui Banking Corporation 2,800 0.25045 2017/8/31 2021/2/26 Lump sum repay-ment at maturity Unsecured &Unguaranteed
3 years 6months Shinsei Bank 500 0.21795
(Note2)
2018/7/31 2022/1/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
3 years 6months Sumitomo Mitsui Banking Corporation 1,560 0.2469 2018/11/30 2022/5/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
5 years 6months Sumitomo Mitsui Banking Corporation 700 0.2994 2018/11/30 2024/5/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
5 years 11months Mizuho Bank, Ltd.
Mizuho Trust & Banking
5,250 0.7418
(Note1)
2014/2/17 2020/2/14 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years 5months MUFG Bank, Ltd.
Resona Bank, Limited
The Bank of Fukuoka, Ltd.
1,600 0.6255
(Note1)
2015/1/30 2021/6/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years 6months The Yamaguchi Bank, Ltd. 500 0.928
(Note1)
2013/12/19 2020/6/18 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years 6months Aozora Bank, Ltd.
The Nishi-Nippon City Bank,Ltd
1,300 0.581
(Note1)
2014/8/1 2021/1/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years 6months Shinsei Bank 1,000 0.364
(Note1)
2018/7/31 2025/1/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years 6months Sumitomo Mitsui Banking Corporation 650 0.3694 2018/7/31 2025/1/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years 11months MUFG Bank, Ltd. 1,300 0.8075 2013/3/29 2020/3/24 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years 11months MUFG Bank, Ltd. 1,200 0.8075 2013/3/29 2020/3/24 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years 11months Sumitomo Mitsui Trust Bank, Limited
Aozora Bank, Ltd.
Resona Bank, Limited
4,120 0.8815
(Note1)
2013/3/29 2020/3/24 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years 11months Sumitomo Mitsui Trust Bank, Limited 1,300 0.81568 2013/3/29 2020/3/24 Lump sum repay-ment at maturity Unsecured &Unguaranteed
6 years 11months Sumitomo Mitsui Trust Bank, Limited 1,200 0.81568 2013/3/29 2020/3/24 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years 5months Aozora Bank, Ltd. 700 0.7635
(Note1)
2014/10/31 2022/4/28 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years 6months Shinsei Bank 700 1.104
(Note1)
2013/12/19 2021/6/18 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years 6months Mizuho Trust & Banking 1,200 0.68675
(Note1)
2015/4/14 2022/10/14 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years 11months Development Bank of Japan 1,150 1.08 2013/3/29 2021/3/24 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years 11months Aozora Bank, Ltd. 1,800 1.163
(Note1)
2013/11/29 2021/11/26 Lump sum repay-ment at maturity Unsecured &Unguaranteed
7 years 11months Sumitomo Mitsui Trust Bank, Limited
MUFG Bank, Ltd.
The Nishi-Nippon City Bank,Ltd
1,500 0.8155
(Note1)
2014/8/1 2022/7/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years 5months Mizuho Bank, Ltd. 2,160 1.63
(Note1)
2013/6/25 2021/12/22 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years 5months Shinsei Bank 1,000 1.315
(Note1)
2013/12/19 2022/6/17 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years 5months The Nishi-Nippon City Bank,Ltd.
The Bank of Fukuoka,Ltd.
The Iyo Bank,Ltd.
The Chugoku Bank,Ltd.
Shinkin Central Bank
2,500 0.41639 2017/9/11 2026/2/27 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years 6months Sumitomo Mitsui Trust Bank, Limited
MUFG Bank, Ltd.
Sumitomo Mitsui Banking Corporation
6,100 1.25425
(Note1)
2013/4/30 2021/10/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years 10months Mitsubishi UFJ Trust and Banking Corporation 1,150 0.4513 2016/3/24 2025/1/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
8 years 10months MUFG Bank, Ltd. 1,200 0.43 2017/4/25 2026/2/25 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years 4months MUFG Bank, Ltd. 1,000 0.47 2017/4/28 2026/8/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years 6months Mitsubishi UFJ Trust and Banking Corporation 1,700 0.53945 2017/4/28 2026/10/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years 8months MUFG Bank, Ltd. 1,000 0.487 2018/7/31 2028/3/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years 10months Resona Bank, Limited 900 0.5238 2016/3/24 2026/1/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years 10months MUFG Bank, Ltd. 2,500 0.52 2017/4/28 2027/2/26 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years 11months Mitsubishi UFJ Trust and Banking Corporation 2,500 0.5738 2016/2/29 2026/1/30 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years 11months MUFG Bank, Ltd. 500 0.51 2016/4/14 2026/3/24 Lump sum repay-ment at maturity Unsecured &Unguaranteed
9 years 11months MUFG Bank, Ltd. 1,500 0.495 2018/4/27 2028/3/31 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years 10months Mizuho Bank, Ltd.
Mizuho Trust & Banking
1,650 0.6288 2016/3/24 2027/1/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years 10months Mizuho Bank, Ltd. 400 0.6288 2016/4/14 2027/1/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
10 years 11months Sumitomo Mitsui Trust Bank, Limited
Mizuho Bank, Ltd.
2,070 0.6588 2016/2/29 2027/1/29 Lump sum repay-ment at maturity Unsecured &Unguaranteed
Total 186,418

(Note 1)The loan interest rates shown are the fixed real interest rates based on the interest rate swap agreements entered into for the purpose of fixing the interest rates.
(Note 2)Until October 31, 2019.

Bond Issuances

(As of September 30, 2019)

Name of Bonds Issue Date Issue Amount
(million yen)
Coupon
Rate
Maturity
Period
Redemption
Date
Remarks
ADR Bond #19
(Unsecured)
(Special Contract for
Specified Bond)
Apr. 25, 2013 3,000 1.32 10 years Apr. 25, 2023 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #20
(Unsecured)
(Special Contract for
Specified Bond)
Nov. 14, 2013 2,000 1.41 12 years Nov. 14, 2025 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #21
(Unsecured)
(Special Contract for
Specified Bond)
Apr. 28, 2014 2,500 1.04 10 years Apr. 26, 2024 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #22
(Unsecured)
(Special Contract for
Specified Bond)
Apr. 23, 2015 2,000 0.726 10 years Apr. 23, 2025 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #23
(Unsecured)
(Special Contract for
Specified Bond)
Oct. 21, 2015 1,500 0.326 5 years Oct. 21, 2020 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #24
(Unsecured)
(Special Contract for
Specified Bond)
Oct. 21, 2015 1,500 0.846 10 years Oct. 21, 2025 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #25
(Unsecured)
(Special Contract for
Specified Bond)
Jun. 21, 2016 3,000 0.9 15 years Jun. 20, 2031 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #26
(Unsecured)
(Special Contract for
Specified Bond)
Feb. 17, 2017 2,000 0.18 5.5 years Aug. 17, 2022 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #27
(Unsecured)
(Special Contract for Specified Bond)
Jul. 18, 2017 3,000 0.5 10 years Jul. 16, 2027 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #28
(Unsecured)
(Private Offering to Qualified Institutional Investors)
Nov. 24, 2017 1,000 0.5663 10 years Nov. 24, 2027 Unsecured &Unguaranteed
ADR Bond #29
(Unsecured)
(Special Contract for Specified Bond)
Apr. 24, 2018 1,500 0.69 12 years Apr. 24, 2030 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #30
(Unsecured)
(Special Contract for Specified Bond)
Oct. 19, 2018 2,000 0.704 10 years Oct. 19, 2028 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #31
(Unsecured)
(Special Contract for Specified Bond)
(Green Bond)
Jul. 24, 2019 5,000 0.22 5 years Jul. 24, 2024 Unsecured &
Unguaranteed

JCR: AA
ADR Bond #32
(Unsecured)
(Special Contract for Specified Bond / Private Placement to Qualified Institutional Investors)
(Green Financing)
Jul. 25, 2019 3,000 0.3485 10 years Jul. 25, 2029 Unsecured &Unguaranteed
Total 33,000

※ADR stands for Advance Residence Investment Corporation.