Investor Presentaiton
Financial Status
(Management Results and Loan Repayment Schedule Diversification)
Management Results for the Fiscal Period Under Review
(Refinance)
.
MTR reduced the spread of short-term loans taken from the merger, and, amid the rise in
the base interest rate for long-term loans, we are shortening the borrowing term for such
loans and limiting increases in the costs of raising funds.
Average loan term of
Long-term loans
(Changes in Long-term Base Interest Rate)
(%)
1.00
Average interest rate on
Average interest rate
Short-term loans
0.80
0.34% 0.19%
6.1 year 5.8 year
0.43% 0.68%
(Note) Average interest rates are weighted rates applied when repayments and borrowings are undertaken.
0.60
Recognition of Financial Market and Future Policy
End of Aug. 2017 (6 years ago)
End of Aug. 2022
End of Aug. 2023
(Recognition of Financial Market)
Long-term interest rates rose due to YCC correction, while short-term rates remained low
0.40
⚫ It is necessary to pay attention to the Bank of Japan's policy shifting toward tapering in the
future.
(Future Policy)
MTR will maintain a certain proportion of short-term loans in order to limit the costs for
interest-bearing liabilities as a whole.
0.20
While keeping the shortening of borrowing terms for long-term loans in mind as a response to
the upward trend in interest rates, we will also raise funds at the same time in an
appropriately balanced manner with the aim of diversifying the repayment schedule.
(mn yen)
35,000
0.00
3 years
5 years
7 years
10 years
Loan Repayment Schedule Diversification (as of Aug. 31, 2023)
Fiscal Period Ending August 2024
(Schedule for Repayment within One Year)
Fiscal Period Ending February 2024
Repayment Summary
19,500 mn yen
■Short-term loans
■Long-term loans
Investment corporation bonds
Total amount
Average loan term
Average interest rate
30,000
25,000
3,000
20,000
26,000
1,000
15,000
16,500
10,000
5,000
1,000
2,000
3,000
21,000
17,500
17,500
15,500
14,000
13,500
11,500
11,000
10,500
7,000
3,000
3,000
0
FP ending
FP ending
Aug.2024
FP ending
FP ending
FP ending
Feb.2025
Aug.2025
Feb.2026
FP ending
Aug.2026
FP ending
FP ending
FP ending
FP ending
Feb.2027
Aug.2027
Feb.2028
Aug.2028
Feb.2024
4.8 year
0.40%
Repayment Summary
Total amount
Average loan term
Average interest rate
33,000 mn yen
3.9 year
0.39%
FP ending
Feb.2029
FP ending
Aug.2029
3,000
FP ending
Feb.2030
15,000
FP ending
Aug.2030
1,000
3,500
FP ending
Feb.2031
1,500 1,000 -
FP ending
Aug.2031
FP ending
Feb.2032
1,000
FP ending
Feb.2036
1,000
FP ending
Feb.2037
20
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